| | |
| Q | What is Northland Resources S.A.? |
| A | Northland Resources S.A. ("Northland") is an exploration and development company trading as NAU on the Toronto Stock Exchange, and NAUR on the Oslo Børs. The Company has a balanced portfolio of advanced and early stage iron projects in Sweden and Finland. Northland has no mining operations and no production, although its projects are at a fairly advanced stage and its Kaunisvaara Iron Concentrate Project is currently the subject of a Feasibility Study.
If you are planning to invest in Northland, you should be clear that you are comfortable with the investment risks associated with exploration and development companies. While buying shares in junior companies such as NAU is one of the riskiest types of investment it can potentially be one of the most rewarding. If you have any doubts about the suitability of NAU shares in your portfolio, you should contact your investment advisor for further information. |
| |
| | |
| Q | What is Northland's corporate objective? |
| A | Northland aims to become a producing European iron ore mining company by 2012. If we're successful in executing our business plan, we will become Europe's second largest iron ore producer after the Swedish state company, LKAB. |
| |
| | |
| Q | What is the Company's strategy? |
| A | Northland plans to focus on the development of its Kaunisvaara Iron Concentrate Project in northern Sweden, which envisions a centralized mill, being supplied with feed from 3 different mines -- Tapuli, Sahavaara and Pellivuoma. In Finland we are advancing our Hannukainen/Kuervitikko IOCG Project, with the goal of releasing a Preliminary Economic Assessment by Q2 2010. Our management will also assess new opportunities within the region as they arise. |
| |
| | |
| Q | How long has Northland been involved in Sweden and Finland? |
| A | We first entered Sweden in late 2003 under an option agreement covering the Barsele project. In December 2004 we acquired a package of prospective mineral concessions via an agreement with Anglo American. We also staked additional mineral concessions under the Northland name in both in Finland and Sweden. |
| |
| | |
| Q | Why are you exploring in Sweden and Finland? |
| A | Sweden and Finland both have excellent infrastructure, with well developed road, rail and power networks. Both countries also have very skilled workforces and, importantly, a long history of mining. The governments of both countries are actively supporting the exploration and mining industry and have made huge amounts of high quality exploration data available to the industry at essentially no cost.
From an infrastructure stand point, the location of our projects could hardly be better. They represent strategic supplies of key metals within the European market. Our iron and iron-copper-gold resources are within 10-20km of a maintained railway in Finland, which leads to the port of Kemi in Finland.
From a geological stand point, the region hosts a number of giant mineral deposits, including the Kiruna iron deposit in Sweden, one of the world's great ore bodies. So we're exploring in the right geological address. |
| |