Big picture - Why invest in Hannan Metals Ltd
Hannan Metals Ltd Snapshot
Hannan is a mineral exploration company focusing on discovering or acquiring well-located, high-grade resources in safe jurisdictions. The principals behind the Company have long and successful careers in locating, developing and funding resource projects on four continents.
Exploration involves identifying, prioritizing and testing geological, geochemical and geophysical targets. Our objective is to safely discover, investible resources with the potential to be profitable at all parts of the commodity cycle.
The Company was formed on January 09, 2017 when Mitchell Resources Ltd completed a transaction with the shareholders of Hannan Metals Ltd. (“Hannan Canada”), a private British Columbia company, to acquire all of the issued and outstanding shares of Hannan Canada and, consequently, a 100% interest in Hannan Canada’s rights, through its wholly-owned subsidiary Hannan Metals Ireland Ltd. (“Hannan Ireland”), to the Clare prospecting licences in Clare County, Ireland
The Company’s flag ship property is the Kilbricken base metal project in Ireland.
The corporate objectives are to build our business in Ireland around Kilbricken and to find and define a large, long-life asset.
The team has made numerous discoveries and has demonstrated success advancing these towards mining.
Hannan Metals Ltd has 100% ownership of the County Clare Zn-Pb-Ag-Cu project in Ireland, which consists of 7 prospecting licences for 25,282 hectares.
The Kilbricken project is a new high-grade Zn-Pb-Ag-Cu discovery and is the Company’s flagship project.
Better intersections, to date, include DH 46: 20.5m @ 7.5% Zn, 9.9% Pb, 0.07% Cu, 74.6g/t Ag, DH06: 21.3m @ 11% Zn, 4.8% Pb, 0.06% Cu, 94.4g/t Ag.
The project is drilled over more than 1km and is ready to explore and expand within a 40km strike area.
The Irish base metal ore field is one of the world’s best mineralized zinc provinces and is considered highly prospective for new zinc discoveries. In 2015, Ireland was the world’s 10th largest zinc producing nation with 230,000 tonnes produced.
Ireland is ranked number one for zinc per square kilometre in the world and number two for lead Home to the World-class Navan deposit (111 Mt @ 7.9% Zn & 1.9% Pb) with an in-situ metal value if discovered today of more than US$22 billion.
Stable fiscal and regulatory regime with excellent and cost-effective exploration service infrastructure Irish-Type zinc deposits are highly sought after by major mine developers due to Ireland’s mining regime, and high quality zinc concentrates
Seismic surveying and drilling focused exploration strategy to test proven basins below previously explored surface levels.
VP Exploration (Elect)
Mr. Dahlenborg is an exploration geologist with 10 years of experience in Sweden, Finland and Peru. He began his career as an underground mapping geologist at LKAB in Kiruna, Sweden. He joined Mawson’s Swedish exploration team in 2007 where he planned, supervised and implemented several drill projects for energy metals. He is responsible for the only new drill discovery of U-Cu mineralization made in Sweden since the early 1980s. In 2010 he joined Mawson’s exploration team in Peru, where he created the regional exploration data base and led a project generation for Cu-Au mineralization with local experts. In 2011 he joined Mawson’s Finnish exploration team at the Rompas Rajapalot gold project. In Finland, he held a senior position supporting the exploration manager and advanced the technical understanding of the project together with the Finnish exploration team. He holds a MSc geology from Lund university in Sweden and is a Member of the Australian Institute of Geoscientists.