Northland Resources

Northland Resources

Type	Public (TSX: NAU, OSE: NAUR)
Founded	1997
Headquarters	Luxembourg
Key people	Anders Hvide (Executive Chairman), Karl-Axel Waplan(CEO)
Products	Iron ore
Website	http://www.northland.eu/s/Home.asp

Overview

Northland Resources S.A. ( TSX: NAU and OSE: NAUR ), also known as Northland is a publicly traded exploration and development mining company. It currently focuses on iron ore bearing properties located in the northern regions of Sweden and Finland. The company currently has two principal projects in the development stage: the Kaunisvaara iron concentrate project in Sweden, and the Hannukainen (IOCG) project in Finland. The projects are primarily located within the Pajala shear zone, in the northern Baltic Shield (also sometimes called the Fennoscandian shield ).

Development stage projects

The Kaunisvaara Project is the Company's first development project. It is located in Sweden and is expected to be a near-term producer of high-grade iron ore concentrate, consisting of 69% Fe . Construction on the project is well underway. Mining is expected to begin during the fourth quarter of 2012, with the first shipment of iron ore concentrate to market in the first quarter of 2013. The operation is expected to yield 5 million tonnes per year of iron ore concentrate.

Northland has pre-sold 100% of the Kaunisvaara production via off-take contracts, which will last for at least the first seven years of operation.^[1] The Company released a Definitive Feasibility Study on the Kaunisvaara Project in September 2010. The Study was updated in May of 2011.

Planned layout for the Kaunisvaara Project

The second development project in line is the Hannukainen project in Finland. A Definitive Feasibility Study on Hannukainen has commenced and is expected to be completed at the end of 2011.^[2]

History

• 1997: Company listed on TSX Venture Exchange as North American Gold Inc. (NAU)
• 2003: Commenced conducting business in Sweden
• 2005: Changed name to Northland Resources Inc.
• 2008: Company's shares were graduated from the TSX Venture Exchange to the TSX
• 2010: Re-domiciled under the laws of Luxembourg on January 18, 2010 and changed name to Northland Resources S.A.

References

1. ^ SEDAR. "Northland Resources S.A Management’s Discussion and Analysis For the period ending June 30, 2011". Securities related information for Canadian companies.. http://www.sedar.com/. Retrieved 13 September 2011. 
2. ^ SEDAR. "Northland Resources S.A Management’s Discussion and Analysis For the period ending June 30, 2011". Securities related information for Canadian companies.. http://www.sedar.com/. Retrieved 13 September 2011.