Lannavaara/Saarijarvi

Joint Venture With Anglo American
We acquired our interests in Lannavaara and Saarijarvi from Anglo American Exploration ("AAE"), a wholly-owned subsidiary of Anglo American plc, in December 2005. The licenses were acquired initially by AAE for their IOCG potential. As Anglo's exploration focus shifted away from copper exploration, the opportunity arose for Northland to joint venture the Lannavaara and Saarijarvi licenses.