Kolsvik gold project feasibility study

Client & context

The Kolsvik Gold Project is a coastal gold deposit located south of the Arctic Circle, roughly 300 km north of Trondheim and about 50 km east of Brønnøysund in the Bindal municipality, Nordland County, northern Norway. Gold mineralisation outcrops in steep, scree-covered hillsides of the Bogadalen valley, around 5 km south of the quay at Kolsvikbogen bay on the eastern side of the Tosenfjord, which is ice-free year-round.

Bindal Gruver needed to update its operating licence application for the Kolsvik Gold Mining Project to be submitted to the Norwegian Directorate of Mining (Direktoratet for mineralforvaltning – DMF). This required a standalone Mineral Project Technical Report and an updated operational plan that both met Norwegian regulatory expectations and addressed previous comments from the DMF.

Challenge

For Bindal Gruver to move forward with its licence application, the authorities needed a stronger technical basis for assessing the geological conditions and the planned mining operation. In practice, this meant:

• Improving the documentation and interpretation of mineral resources and potential reserves at Kolsvik.
• Preparing a standalone Mineral Project Technical Report that could support first-time disclosure or changes in mineral resources and reserves in line with Norwegian requirements.
• Updating the operational plan in accordance with DMF’s operational plan guide and addressing deficiencies identified in earlier submissions.

Bindal Gruver needed a lead consultant who could bring together geology, mine planning and regulatory expectations into one coherent package—delivered on time and in a format that DMF would accept.

Our approach

Gosselin Mining supported Bindal Gruver as lead mining consultant across several key workstreams:

• Standalone Mineral Project Technical Report
  We prepared an independent, standalone Mineral Project Technical Report for the Kolsvik Gold Project in Nordland, Norway, documenting the geological setting, resources, mining concept and key technical assumptions in a structured, regulator-friendly format.
• Strengthened geological basis
  We worked with the available data and interpretations to improve the basis for assessing the geological conditions, so that Bindal Gruver could proceed confidently with updating its operating licence application.
• Updated operational plan
  We supported the preparation of an updated operational plan for Kolsvik in line with DMF’s operational plan guide, explicitly responding to the deficiencies previously identified by the Norwegian authorities.
• Close coordination with the client and DMF requirements
  Throughout the assignment, we maintained close communication with Bindal Gruver, aligning the technical work with their strategy and the formal requirements of the Norwegian Mining Inspectorate (DMF).

Results & value for the client

For Bindal Gruver, the collaboration delivered:

• A stronger technical basis for DMF’s assessment of the Kolsvik Gold Project’s geological conditions and planned operations.
• A standalone Mineral Project Technical Report prepared by an independent Qualified Person, suitable to support the operating licence application and mineral resource/mineral reserve disclosure.
• An updated operational plan that aligned with DMF’s guidance and directly addressed earlier comments from the authority.
• A project managed within deadline and to the satisfaction of both Bindal Gruver and the Norwegian Mining Inspectorate (DMF).

This project demonstrates how an independent consulting engineer can help you align geology, mine planning and regulatory expectations so your licence applications and technical reports are clear, complete and defensible.

Reference

1. Direktoratet for mineralforvaltning med Bergmesteren for Svalbard (Online) Extraction Rights. Available at: https://www.dirmin.no/data/bergrettigheter/UTVINNINGSRETT-0001_2008-NB (Accessed on 18 July 2025)

2. Geological Survey of Norway (NGU) (Online) The Kolsvik Au-As-deposit, Bindal, North-Central Norway, I: Corelogs. Available at: https://www.ngu.no/en/node/2839 (Accessed on 18 July 2025)