Scandinavian Resources Limited (SRL), through its wholly owned subsidiary, Hannans Scandinavian AB, focuses on establishing exploration, development and mining activities in Sweden, Norway and Finland. SRL wholly owns the exploration permits through Hannans Scandinavian AB. It focuses on exploring the Kiruna iron project in the north of Sweden and Lake Embrace base metals project in central Norway. Its Kiruna iron project is located approximately 30 kilometers south-west of the Kiruna iron mine. The Lake Embrace base metals project is its main copper-lead-zinc project. It is located to the south of the Ortfjell iron deposit and the Mofjellet zinc-copper deposit and south of the town of Mo i Rana. SRL's Swampy Mountain project is located north of the Skellefte mining district contains two main targets being, platinum and palladium targets and iron-copper-gold targets. In May 2012, Hannans Reward Ltd, including wholly owned subsidiary, HR Equities Pty Ltd had a 65.16% interest in SRL.