Bluelake Mineral is active in gold in Sweden and Finland. Via the Finnish subsidiary Palmex Mining OY, which is a wholly owned subsidiary of the subsidiary Palmex Mineral AB (“Palmex Mineral”), the Company holds the gold project Haveri is located in the Tampere gold belt in southwestern Finland. Gold mining was carried out in Haveri during the years 1942 to 1962 when 1.5 million tonnes were mined with concentration of 3.5 gram per ton gold and 0.5% copper. Extensive exploration has been carried out since the mine closed, which included 126 diamond boreholes and 30,000 drill meters. In 2014, Palmex Mineral conducted a so-called Preliminary Economic Assessment (PEA) via the consulting company SRK Consulting. This report estimates 1.56 million oz. historically assumed mineral supply in the form of gold equivalents with a content of 0.93 gram per ton gold. Nickel Mountain also owns the Kattisavan gold project in Sweden. Kattisavan is located within the so-called gold line, close to projects such as Svartliden and Fäboliden and Barsele.