Preparation of the Drilling Campaign as a Key Step in 2026

From January to April 2026, we focused intensively on the preparations for the planned drilling campaign, which represents one of the most important project milestones of this year. The main attention was directed towards the technical, logistical, and organizational arrangements for all related activities, so that the campaign can be carried out efficiently and in line with the prepared schedule.

The preparations included coordination of the individual parties involved, continuity with the expert work already completed, and the ongoing refinement of practical conditions for carrying out field activities. The aim was to establish the strongest possible foundation for the smooth execution of the entire campaign and to minimize potential operational complications in the next phase of the project.

The start of the drilling campaign is planned for August of this year. The timing has been adjusted several times due to the fact that a protected zone related to the reindeer breeding season is located near the licensed area. We have paid maximum attention to this matter and have maintained intensive communication with the local authorities to ensure that the next steps respect all relevant conditions of the area.

We are pleased that a mutual agreement has been reached, one that is acceptable to all parties involved while also allowing the project to continue within a clearly defined timeframe.

We view the drilling campaign as an important shift from preparatory work to the next stage of verifying the project’s potential. We therefore consider the current period to be crucial not only from the perspective of planning itself, but also in terms of the long-term increase in the value of our assets.