NI43-101 Disclosure This website, and the information presented on it, contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect our current belief and are based on currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition, or alteration to the information presented in this website including such forward-looking statements.
Qualified Person Paul Marsden, VP Metallurgical Development and Operations for Northland, is a member of the IMMM, a Chartered Engineer and a Chartered Scientist and is the Qualified Person as defined in NI 43-101 responsible for overseeing Northland's metallurgical test programs and the preparation of the technical data in Northland's presentations and on this website. Mr. Marsden has verified that the results presented here have been accurately summarized from the engineering studies provided to Northland by its contracting engineers.
Mr. Owen Daniel Mihalop, BSc, MSc, MCSM, Professional Member of the Institute of Materials, Minerals and Mining and a Chartered Engineer (Registrant No. 569812), Principal Mining Engineer and Associate Director of Wardell Armstrong International Ltd., is the principle author and Qualified Person in accordance with National Instrument 43-101 responsible for the preparation of the report titled "Preliminary Economic Assessment of the Fennoscandian Iron Ore Mines" and dated June 2008, Ref WAI/61-0495 and for the three executive summaries of this report, dated June 2008 titled "Summary of the Preliminary Economic Assessment of the Hannukainen Iron Ore Deposit, Finland","Summary of the Preliminary Economic Assessment of the Tapuli Iron Ore Deposit, Finland", and "Summary of the Preliminary Economic Assessment of the Stora Sahavaara Iron Ore Deposit, Finland" upon which this news release is based.
Metallurgical Test-Work Metallurgical test-work on Hannukainen ore was performed by SGS Lakefield Research Ltd. Test-work was completed on Tapuli magnetite ore by the Geological Survey of Finland (GTK) in Outokumpu, Finland and by SGS in Truro, UK. The majority of the metallurgical test-work for Stora Sahavaara was completed by SGS in Lakefield, Ontario and a program of Davis tube testing was completed by Midland Standard Research Laboratories, Minnesota. Northland commissioned Corus RD&T to perform a preliminary study including basic balling and induration tests on Stora Sahavaara magnetite. Further test-work is underway at COREM. GBM used the metallurgical test-work data from all three deposits (see below) as part of their engineering design in order to determine capital and operating cost estimates.
Resource Estimates The Hannukainen resource modeling was completed in a joint effort between Micon International of Norwich, United Kingdom and Geovista of Lulea, Sweden. Mr. D.K. Mukhopadhyay, MAusIMM, of Micon served as the independent Qualified Person for the resource modeling. The Stora Sahavaara resource estimates were prepared by a third party consultant (Bart Stryhas, PhD Structural Geology); the resource model and estimates were subsequently reviewed by Chlumsky Armbrust & Meyer LLC an independent, mineral resource, consulting and engineering group based in Lakewood, Colorado USA. Thomas Lindholm was the Qualified Person responsible for the preparation of all sections in the report entitled "NI 43-101 Technical Report -- Tapuli Resource Estimate" for Northland Exploration Sweden AB. Mr. D.K. Mukhopadhyay, MAusIMM, of Micon, also a Qualified Person as defined in NI 43-101, verified the Tapuli grade interpolation protocol for the resource model calculation.
The historic resource estimates quoted on this website for Rautuvaara, Palioteva, Hannukainen and Stora Sahavaara and other projects were prepared prior to the implementation of National Instrument 43-101. None of the historical resource estimates prepared by the SGU or Geological Survey of Finland (GTK) reports use the resource categories stipulated in Section 1.3 of National Instrument 43-101, which are "inferred mineral resource", "indicated mineral resource" and "measured mineral resource." Rather, the historical resource estimate for the Stora Sahavaara deposit reported by the SGU refers to "100 million tonnes", which is not a category stipulated in National Instrument 43-101. The historical resource estimates for the deposits reported by the GTK refer to "metal contents", which is not a category stipulated in National Instrument 43-101. The Company believes that term "resources" is used differently from the use of that term in NI 43-101. The Company does not have -- and is not aware of- any more recent resource estimates for the Rautuvaara, Palioteva and Hannukainen bodies which conform to the standards laid out in NI43-101, and the Company advises that it has not completed the work necessary to verify the classification of either of the mineral resource estimates and such estimates have not been verified by a qualified person. The Company is not treating the historical resource estimates for the Rautuvaara, Palioteva and Hannukainen bodies as a National Instrument 43-101-defined resource or reserve, and the historical resource estimate should not be relied upon. Work is currently underway to bring these estimates up to NI43-101 standard.
