2019

Preliminary economic assessment

2020

Pre-feasibility study

2022

Analysis of implementation options

2022

A feasibility study is launched.

11/2022

The road plan for the mining road is approved. The plan envisages the construction of a road access to the mining area of about 10 km from the Rovaniemi-Ranua trunk road: about 8.5 km of road from the trunk road to the border of the mining district and 1.5 km of private road inside the mining area.

19.6.2023

The contract for the Suhanko mine is signed. The contract is awarded by the Finnish Transport Agency.

The contractor is GRK Finland Oy.

The subcontractor is J Vainio from Kittilä.

07/2023

Construction of the mine road begins.

2023

Application to update the environmental and water management permit

10/2024

The mining road is completed

12/2024

The Finnish Safety and Chemicals Agency Tukes has granted Suhanko Arctic Platinum Oy an auxiliary area for the Suhanko mining district in accordance with the Mining Act. With this permit, the Suhanko mining district is granted an auxiliary mining area for the construction of an extraction tunnel pursuant to Section 19 of the Mining Act.

Q1/2025

Clearing of the Petäjäskoski-Konttijärvi power line begins

6/2025

Environmental and water management permit for a mine and an enrichment plant from the Regional State Administrative Agency for Northern Finland

Q4/2025

The first phase of the feasibility study is completed and the company decides to launch the second phase of the feasibility study

Q2/2026

Profitability study of the mine is completed

Q3-Q4/2026

Preparation of a detailed mine implementation plan

Q1/2027

Investment decision on the construction of a mine

2028 - 2029

Production at the mine starts