Iron

Northland Resources S.A. (TSE:NAU,OSLO:NAUR,FRA:NPK) reports the completion of some significant progress at the Kaunisvaara project.

Northland Resources S.A. (TSX:NAU,OSLO:NAUR,FRA:NPK) reports the completion of some significant progress at the Kaunisvaara project.

The press release is quoted as saying,

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.

Northland’s Kaunisvaara Project Manager, Goran Arlefalk says,

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.

For the complete press release, click here.

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