On January 24, Scandinavian mineral resource development company IGE Resources AB, which has the largest nickel deposits in northern Europe, announced that the latest drilling at its subsidiary Nickel Mountain Resources AB's Rönnbäcknäset deposit in Sweden has resulted in a conversion of 86.5 million mt of nickel reserves from inferred to indicated category.
Furthermore, an additional 8 million mt of indicated and 12 million mt of inferred resources were defined at Rönnbäcknäset. Nickel Mountain's objective is to produce 26,000 mt per year of nickel from Rönnbäcken.