Northland Resources Operational Update – July 2012
Luxembourg, July 19, 2012 – Northland Resources S.A. (TSX: NAU, OSE: NAUR, Frankfurt: NPK – “Northland” or the “Company”) announces its third bi-monthly operational and construction update on its Kaunisvaara project. During this period, May 1 – June 30, several important milestones were reached, the most significant being the first drawdown from the USD 350 million Bond Loan Facility of approximately USD 155 million. · The schedule for the Kaunisvaara project remains unchanged, with production at the Tapuli Mine scheduled to commence in Q4 2012 and with shipments of concentrate