EIB provides €500m to Sandvik for advanced mining solutions
This funding will be used to bolster Sandvik’s R&D initiatives from 2026 to 2029.
26 November 2025
26 November 2025
This funding will be used to bolster Sandvik’s R&D initiatives from 2026 to 2029.
The programme covers drilling at the Box and Athona deposits.
The property is located 100km south of the Strange Lake and B-Zone deposits, and 38km north-east of the Crater Lake scandium rare earth resource.
Altris Engineering, serving as lead engineer, has begun work on the BBX.
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