Capella Provides Scandinavian Project Portfolio Update

Core Insights - The company has streamlined its project portfolio by divesting two non-core assets in the Americas, focusing on Scandinavian projects moving forward [1][8] - The Northern Finland Copper-Gold Project consists of five exploration licenses with granted drill permits, targeting priority areas such as Killero E and W, and Saattopora W [1][9] - In Norway, the company is focused on high-grade copper-rich VMS deposits in the Løkken and Røros mining districts, with specific targets identified for exploration [4][9] Northern Finland Copper-Gold Project - The priority targets for drill testing include Killero E, Killero W, and Saattopora W, with plans for a drone-based EM survey to better define sulfide-rich areas [2][3] - Historical drill core from Saattopora W has been relogged and resampled to characterize metal concentrations, which will inform the drill hole targeting program [3] - Conceptual targets Jolhikko and Keisunselka will undergo reconnaissance sampling during the 2024/2025 winter season [3] Norwegian Copper-Cobalt-Zinc VMS Assets - The company has identified five priority target areas near the former Løkken mine, which had past production of 24 million tonnes at 2.3% copper and 1.8% zinc [4][6] - The Åmot target, located approximately 5 km east of the former Løkken mine, is defined by geophysical anomalies and is interpreted to lie about 150 meters below the surface [4] - At the Hessjøgruva project, a 4,000-meter drill program is planned based on historical drilling data and new information from a technical report [5][6] Strategic Focus and Future Plans - The company aims to advance its copper-gold and copper-cobalt-zinc projects in northern Finland and central Norway, with a focus on effective exploration strategies [7][8] - The divestiture of assets in the Americas allows the company to concentrate on fewer jurisdictions and projects, enhancing potential exploration success [8][10] - The company retains a direct interest in the Perho lithium-REE project and has equity positions in several other companies as a result of recent divestitures [9][10]