The Szklary Nickel Project is a FMR asset in south-west Poland. Supported by extensive historical drilling, production and geological data, the former mining concession benefits from established infrastructure and excellent road access. With nickel designated as a European critical raw material, Szklary offers a compelling opportunity to redevelop a historic asset while supporting Europe's growing battery metals supply chain and transition to a more secure, circular economy.

100%
Ownership

Nickle

Exploration
Stage

Overview

  • Large project potential with EU Critical Raw Materials Act tailwinds
  • Historical nickel production of 3.5Mt @ 0.79% which equates to 28,00 tonnes
  • Long-term potential of 20k tonnes of nickel per annum
  • Planned infill drilling will upgrade resources to NI43-101 standards
  • An environmentally friendly project with no heap leaching and a closed production system

History

  • Located in Lower Silesia, Szklary is the only significant nickel deposit in Poland. Underground mining at the site began late in the 19th century and transitioned to open-pit operations in the 1900s. Mining operations closed in 1983 due to uneconomic processing procedures and prevailing nickel pricing
  • With significant remaining resource, Szklary remains one of Europe’s notable undeveloped nickel resources
  • Rising demand for nickel as a strategic battery metal to support the electric vehicle sector and energy storage systems has renewed interest in developing Szklary.
  • Advances in treating lower-grade saprolite have improved the potential economic viability of treating the lower-grade saprolite ore that could not be economically processed during historic operations

Opportunity

  • Over 560 historical drill holes provide a strong foundation, with only minimal exploration needed to validate the resource.
  • Current 2026 drill programme underway for a further 29 holes
  • A mining-friendly jurisdiction with long industrial heritage
  • Strong government support for critical raw materials in strong EU member state environment
  • Szklary has the potential to be declared a strategic project under the EU’s Critical Raw Materials Act

Development Strategy

  • Conclude 2026 drill results and update all related geological data
  • Produce an updated NI43-101 by Q1 2027
  • Conclude present EIA study by Q3 2027
  • Apply for strategic status under the EU’s CRMA

The scientific and technical information contained in this presentation has been reviewed and approved by Dr. Andreas Rompel, Pr.Sci.Nat., Chief Operating Officer and a director of the Company

Project Location

Ząbkowice Śląskie County in south-west Poland

Szklary Province Map