Exploration Strategy

Polar’s exploration permits in northern Norway cover large areas of favorable geology to host Tier 1 magmatic Ni deposits
All of the northern projects have known Ni-Cu mineralization, indicating that the intrusive bodies have potential to host magmatic Ni sulphide deposits and to concentrate Ni into high-tenor ore
The Ni project areas have seen little modern exploration but can quickly progress by mapping and surface sampling
Heli-mounted magnetic and electromagnetic (EM) surveys, such as the SkyTEM system, can rapidly bring the nickel projects to drill-ready status and can be flown in winter to generate targets for drilling in summer of the same year

SEVERAL M&A TARGETS ALREADY IDENTIFIED for long-term value creation

Polar aims to become the lead publicly listed consolidator of critical minerals projects.

Build pipeline: identify available assets

Tier pipeline: Assess Polar’s technical capacity to take the asset to the next level

Develop pipeline: Discussions and negotiations to access opportunity and start due diligence

Structured acquisition process and negotiations to ensure consistent risk/reward assessment

Standardised due diligence process
Focus on technical & geological due diligence prior to agreeing terms and exclusivity
Confirmatory due diligence with selected external parties

Key work streams:

Combine active greenfield asset development with M&A to build a strong portfolio.

Integrate projects with active partner strategy, or consider further brownfield development alone.

Implement best practice in asset development

Clear development (or exit) strategy

Management and Board with strong deal flow and M&A track record