Magnus Minerals

Magnus Minerals and Antofagasta Minerals S.A. sign agreement for Generative Exploration in Northern Finland... Read more...

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Management

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Magnus Minerals Ltd. is a private Finnish prospect generator company focused on mineral exploration. Company principals have over 25 years of experience in prospecting and consulting in mineral exploration in Finland.

Currently Magnus’ main partners are Australian Nickel miner Western Areas with which Magnus has formed a Joint Venture company FinnAust Mining in 2010, and Chilean Copper mining company Antofagasta Minerals S.A. with which Magnus is conducting reconnaissance exploration on certain mineral interests in Northern Finland.

In addition, Magnus is working on a number of its 100% owned projects and aims at continually creating new business opportunities with present and future partners.

Selected Magnus Minerals projects (1-21) and selected Mines & Mineral Deposits in Finland.

FINLAND OFFERS

FAVOURABLE GEOLOGICAL ENVIRONMENT
Finland is one of the few areas in the world anomalously enriched in nickel. It is also well endowed with other base metals such as copper and zinc. It holds great potential in precious metals, as well. The large untapped potential has been proved by Anglo American’s recent Sakatti –discovery.

NEW ERA IN EXPLORATION
Until 1994, mineral exploration was conducted mainly by government and one state-owned company, Outokumpu. No entrepreneurial mineral exploration existed and the industry lacks to date local risk venture capital. The Country opened up to foreign competition in the mid 1990s just when base metals prices were at their lowest and Outokumpu was exiting the exploration business. These structural shifts have created a new dawn in mineral exploration in Finland and a great opportunity for those involved.

LARGE AREAS LEFT TO EXPLORE
Pre-1994 exploration, mainly by Outokumpu and the Finnish Geological Survey, identified many areas of economic mineralization and several deposits with defined mineral resources at or near surface that remain undeveloped. Past mining was typically shallow (less than 250m) and exploration for additional ore bodies around old mines was limited. Mineral assets and potential have not been realized to their full extent.

FINLAND IN BRIEF

Mining friendly country

Proven mineral wealth

Strong mining heritage

Favorable and clear mining, exploration, and environmental regulations

Highly advanced, and politically stable, EU country

World-class infrastructure and mining/exploration services