Significant Progress Is Being Made at Northland's Kaunisvaara Project Site
(Thomson Reuters ONE) -
Luxembourg, July 19, 2011: Northland Resources S.A.(TSX: NAU, OSE: NAUR,
Frankfurt: NPK - "Northland" or "the Company") is pleased to announce the
completion of some significant progress at the Company's Kaunisvaara Project
site. (The press release includes 4 photos - for more photos please log on to
www.northland.eu).
"The project is proceeding according to plan. The most concrete verification of
this is the ongoing casting for the processing plant," said Göran Arlefalk,
Northland's Kaunisvaara Project Manager. "During the last days we have poured
1,200 tonnes of concrete to ensure a firm foundation for the two primary
gyratory crushers, two autogenous grinding mills, seven vertical grinding mills
('VTM 3000'), magnetic separators and seven VPA press filters. These mills will
be the heart of the operation, which expect to produce 5 million tonnes of high-
grade iron ore concentrate per annum."
The current workforce totals 100 employees and it is expected to grow to 375 to
complete the scheduled work for the fall.
To follow the work, including the continued casting, the building ancillary
roads as well as the process water dam, Northland will be providing updated
photos, films and a live camera feed in the Multimedia section of its website,
www.northland.eu
Northland is a development-stage mining company with a portfolio of iron ore
projects in northern Sweden and Finland. The Company's Kaunisvaara Project will
exploit two magnetite iron ore deposits in Sweden. The process will yield a very
high-grade, high-quality magnetite iron concentrate. The construction of the
Kaunisvaara project is well underway and production is planned to start in the
4th quarter of 2012. Northland has entered into industrial off-take contracts
which will last for 7-8 years for the entire production from Kaunisvaara. The
Company is also preparing a Definitive Feasibility Study for the Hannukainen
Iron Oxide Copper Gold Project in Kolari, northern Finland. The study is
expected late in the 4th quarter of 2011.
"Karl-Axel Waplan"
President & CEO
Northland Resources S.A.
For more information and high-resolution photos, please contact:
Karl-Axel Waplan, President and CEO: +46 705 104 239
Göran Arlefalk, Kaunisvaara Project Manager: +46 702 965 610
Anders Antonsson, Vice President Investor Relations: +46 709 994 970
Marguerite Manshreck-Head, Investors Relations, Canada: +1 647 224 7882
Or visit our website: www.northland.eu
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Significant Progress at Northlands Kaunisvaara Project :
http://hugin.info/137015/R/1531928/466388.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Northland Resources S.A. via Thomson Reuters ONE
[HUG#1531928]
Unternehmensinformation / Kurzprofil:
Datum: 19.07.2011 - 13:00 Uhr
Sprache: Deutsch
News-ID 56524
Anzahl Zeichen: 3586
contact information:
Town:
Vancouver, BC V6C 2G
Kategorie:
Business News
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