Kiruna Municipality Grants Northland Building Permit in Pitkajarvi
LUXEMBOURG, LUXEMBOURG -- (Marketwire) -- 05/11/12 -- Northland Resources S.A. (TSX: NAU)(OSLO: NAUR)(OSLO: NAUR.R)(FRANKFURT: NPK) ("Northland" or the "Company") is pleased to announce that it has received the building permit to construct the storage building in Pitkajarvi. The Kiruna Municipality Building Department issued the key permit on May 10, 2012.
Northland began construction, mainly earth works related to the railroad spurs and the road at the transloading terminal, in March 2012. The terminal is located in Pitkajarvi outside the village of Svappavaara. Iron ore concentrate will be transferred from trucks onto rail cars for transportation to the port of Narvik.
"We are pleased with the decision from the Municipality of Kiruna," said Willy Sundling, Project Manager - Logistics. "The storage building is a vital part of the Pitkajarvi terminal, essential for the logistics chain to transport our high quality product from the mine in Kaunisvaara to the port in Narvik. The construction of the storage building will facilitate a safe and efficient handling of the material in a heated environment and ensure on-time deliveries of concentrate in early 2013."
Karl-Axel Waplan, President & CEO, Northland Resources S.A.
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 initially exploit two magnetite iron ore deposits in Sweden. The process will yield a high-grade, high-quality magnetite iron concentrate. The construction of the Kaunisvaara project in Sweden is well underway and mining is planned to start in the fourth quarter of 2012. Northland has entered into off-take contracts for the entire production from Kaunisvaara. The Company is also preparing a Definitive Feasibility Study ("DFS") for its Hannukainen Iron Oxide Copper Gold ("IOCG") Project in Kolari, northern Finland and for its Pellivuoma deposit 15 km from the Kaunisvaara process plant.
Contacts:
Northland Resources S.A.
Karl-Axel Waplan
President and CEO
+46 705 104 239
Northland Resources S.A.
Peder Zetterberg
Acting CFO
+46 708 652 120
Northland Resources S.A.
Anders Antonsson
Vice President - Investor Relations
+46 709 994 970
Northland Resources S.A.
Marguerite Manshreck-Head
Investors Relations, Canada
+1 647 224 7882
www.northland.eu