Europe's Gold Potential: An Exclusive Interview with Taj Singh, CEO of First Nordic Metals Corp.

Greenstone Belts are among the most prolific gold-bearing geological formations globally. The Abitibi Greenstone Belt in Canada, for example, has produced over 200 million ounces of gold and continues to yield major discoveries. Sweden’s Gold Line Belt shares many of the same geological characteristics but remains vastly underexplored.

Our district-scale 104,000-hectare land package already hosts the Barsele deposit (2.4Moz Au) and multiple new gold anomalies identified through modern exploration techniques. With high-margin gold discoveries, strong infrastructure, and Sweden’s mining-friendly policies, we see tremendous potential to establish the Gold Line Belt as Europe’s next major gold camp.

Barsele is a standout project in northern Sweden, located within the prolific Gold Line belt. It has a well-established gold resource of 2.4 million ounces, and the mineralized system remains open along strike and at depth. Our recent exploration has demonstrated high-grade gold potential at deeper levels, and the current resource covers 3.6km of strike along a 8km long mineralized trend. With supportive infrastructure (rail, road, water, low-cost hydro power), a favorable mining jurisdiction, and strong partners, we believe Barsele has the potential to become one of Sweden’s next major gold projects.

Barsele is a robust, high-grade orogenic gold system with significant expansion potential. Our current resource is based on drilling to approximately 550 meters, but our deepest intersections—extending to 924 meters—confirm that the system continues at depth. We believe this project has the scale and geological potential to grow significantly with continued drilling. Regionally, we believe there is potential for multiple multimillion ounce deposits to be delineated across our 100%-owned Gold Line Belt projects. The vision is to create a district of multiple mines along the Gold Line with perhaps one larger central processing facility. There is no other junior we can think of that has such a large and high potential land package surrounding a well-drilled and robust deposit like Barsele.

While our primary focus is gold, there is evidence of polymetallic mineralization, including silver, lead, zinc, and nickel, within our land package. We are evaluating these opportunities as part of our broader exploration strategy, particularly given our proximity to the Skellefte VMS Belt, which hosts many historic and active mines.

Our 2025 exploration program is designed to advance multiple high-priority targets across our extensive land package. We have launched an initial 5,000m diamond drill program at our Aida target on the Paubäcken project, where we are testing high-potential gold-bearing structures identified through surface sampling and geophysical surveys. Based on results, we plan to follow up with an additional 5,000m later this year.

At our Harpsund target within the Paubäcken land package, we are preparing for up to 10,000m of drilling. The program will be refined based on our pending Base of Till (BoT) results, which will help us vector toward the most prospective gold zones. This systematic approach ensures we maximize the efficiency and impact of our drilling.
In the second half of the year, we will initiate a 10,000m drill program at our Nippas target within the Storjuktan land package. This program will focus on expanding known mineralized zones and testing new structural trends identified through our recent exploration work.

Our goal with this aggressive drill program is to make new discoveries and significantly expand the mineralized footprint across our portfolio, advancing First Nordic Metals toward its next major milestones.

Sweden is one of the most attractive mining jurisdictions globally. It has a well-developed mining industry, excellent infrastructure, and a stable regulatory environment. There is no mineral tax, and the corporate tax rate is just 20%, making it a competitive destination for investment. Companies like Boliden, LKAB and Mandalay Resources operate successfully in the region, demonstrating Sweden’s viability as a top-tier mining destination.

Sweden is a global leader in ESG standards, and we fully align with these principles. We benefit from access to clean, low-cost hydroelectric power, which enhances our ability to develop a low-carbon mining operation. We are committed to responsible exploration and early engagement with local communities, ensuring sustainable development.