Northland Resources: Kaunisvaara Technical Report now available
(Thomson Reuters ONE) - October 22, 2009 Northland Resources Inc. (Northland) advises thatthe technical report in support of the Preliminary EconomicAssessment on Northland's Kaunisvaara Iron Concentrate Project hasbeen filed on SEDAR and is available for download on Northland'swebsite.On September 7, 2009, Northland announced that the KaunisvaaraProject was technically feasible and financially positive. Using adiscount rate of 8%, the Project has a potential Net Present Value ofUSD 393 million and an Internal Rate of Return of 21.1%.To access a copy of the report, please go to:http://www.northlandresourcesinc.com/i/pdf/KaunisvaaraTechnicalReport.pdfOr visit:http://www.sedar.com/For More Information, Contact:Anders Hvide, Executive Chairman, Oslo: Tel. +47 92 88 98 58Deborah Craig, Vice President, Northland Resources AB, Stockholm:Tel. +46 70 638 4300This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 22.10.2009 - 10:04 Uhr
Sprache: Deutsch
News-ID 7267
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