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Dannemora Mine

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Summary

Mine TypeUnderground
Study CompletedFeasibility
StageRestarting
Commodities
  • Iron Ore
Mining Method
  • Sub-level open stoping (SLOS)
Backfill type ... Lock
Mine Life... Lock
SnapshotDannemora is a high-grade iron ore restart project dedicated to supplying premium, ultra-high-grade direct reduction magnetite concentrate. With a mining tradition dating back to the 13th century, the mine last operated between 2012 and 2015.

An updated Definitive Feasibility Study for the restart of operations at the Dannemora mine was completed on June 10, 2024, and all necessary permits have been in place since 2023.

The restart involves a 28-month capital program, including mine dewatering and the utilization of existing infrastructure to minimize environmental impact.

Sustainability is central to the project, focusing on carbon footprint reduction through full electrification of operations. Where electricity is not viable, fossil-free fuels like hydrotreated vegetable oil (HVO100) will be used for transport and port logistics to ensure green production.

Owners

SourceSource
CompanyInterestOwnership
Dannemora Iron AB (operator) 100 % Direct
Grangesberg Exploration Holding AB (GRANGEX) 100 % Indirect

Contractors

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Deposit type

  • Banded iron formation

Summary:

The Dannemora deposit is contained within the regional host rocks of the Leptite Formation, an assemblage of Svecofennian (of Lower Proterozoic age ca. 1.8 to 1.9 Ga) marbles, metavolcanics and subsidiary metasediments.

The principal units of the Leptite Formation are steeply dipping along the limbs of northeasttrending (ca. 030° NE) isoclinal fold structures, and occur between large granitoid intrusive bodies. The lithologies have undergone varying degrees of metamorphism related to both regional and local thermal alteration activity.

In the Dannemora Mine area, the metavolcanic and metasedimentary rocks are shaped into two parallel synclines separated by an isoclinal anticline which together plunge gently to the northeast. The principal mineralisation is confined to the easternmost syncline, with exploration to date only identifying smaller bodies associated with the westernmost structure.

Mineralisation
The magnetite mineralisation is mostly restricted to the upper unit of the upper formation at Dannemora, and is normally strata bound within dolomitic units.

Previous exploration work has identified about 25 individual mineralised bodies situated along a 3 km strike length of the syncline and surrounding structures at varying depths from surface. The bodies occur within a ca. 400 - 800 m wide stratigraphic thickness and display a thinning and thickening, which is commensurate with their positions relative to the primary structures, i.e., thinning and fragmenting within the limbs of the syncline and thickening towards the keel of the Dannemora Syncline. The limbs dip at ca. 85° near surface and shallow to ca. 60° at the 350 m level of the mine.

Based on previous mineralogy and average compositional analysis, the mineralisation has been commonly categorised as a manganese-rich skarn iron ore (with an iron content of 30 to 50%, and a manganese content of 1 to 6%), and a manganese-poor skarn iron ore (with an iron content of 30 to 50% and a manganese content of 0.2 to 1%).

In terms of ore-related parageneses, magnetite is commonly associated with calcite and dolomite, and to a lesser extent with amphiboles (tremolite-actinolite), albite, andesine, arsenopyrite, biotite, chalcopyrite, chlorite, diopside, epidote, garnet, muscovite, oligoclase, orthoclase, phlogopite, pyrite, pyroxene, pyrrhotite, quartz, rhodochrosite, scapolite, serpentine, siderite and tremolite.

Rare, accessorial phases - often only observed in magnetite ore by electron microprobe - include apatite, arsenopyrite, bismuth, bismuthinite, cassiterite, chrysotile, cobaltite, dannemorite, galena, knebelite, löllingite, monazite, sphalerite, titanite and zircon.

Dimensions
The Mineral Resource extends for a length of approximately 2.5 km and is approximately 100 m wide corridor. Diamanten 2 and Myrmalmen are both located outside of this corridor.

The Mineral Resource extends approximately 400 m in depth starting between 0 and -400 m. The individual domains range in width from 3 m to 263 m, in length from 38 m to 325 m, and in depth from 26 m to 461 m. The general strike of the deposit is N30°E.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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EV - Electric

Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnitsAvg. AnnualLOM
Iron Ore M dmt 1.1 *
* According to 2024 Restart study.

Operational metrics

Metrics
Annual ore mining rate  ....  Subscribe
Annual processing rate  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
* According to 2024 Restart study.

Production Costs

CommodityUnitsAverage
Total cash costs Iron Ore USD  ....  Subscribe
Assumed price Iron Ore USD  ....  Subscribe
* According to 2024 Restart study / presentation.

Operating Costs

CurrencyAverage
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2024 Restart study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Total CapEx $M USD  ......  Subscribe
UG OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 150
Transportation (haulage) costs $M USD 145
G&A costs $M USD 39
Total OpEx $M USD  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Feb 2, 2026
....................... Subscription required ....................... Subscription required Subscription required Jun 10, 2024
....................... Subscription required ....................... Subscription required Subscription required Feb 2, 2026
....................... Subscription required ....................... Subscription required Subscription required Feb 2, 2026
....................... Subscription required ....................... Subscription required Subscription required Feb 2, 2026
....................... Subscription required ....................... Subscription required Subscription required Feb 2, 2026

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2024

Aerial view:

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