The company is a private company registered in Finland. It has enabled us to run operation with a very efficient back office burn rate whish has proven to be a good strategy.
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.
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.
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.
Magnus brings together a unique combination of Finnish and Canadian geological expertise and know-how.
Company principals have over 20 years experience in prospecting and consulting in mineral exploration in Finland.
Unparalleled land position in Finland with diversified holdings of properties and an excellent track record in claiming.
Strategic exploration initiatives utilizing the latest industry methods and in-house expertise to add value to properties.
Leading edge GIS computer mapping, data compilation, and modeling expertise.
Magnus utiliez its resources effectively to capitalize on the excellent Finnish geo-scientific database.
Magnus has an established management team with a proven track record as a business partner.