Additional information to press release on mineralization

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This press release is issued as a supplement to the incomplete information given in a press release on August 19, 2011.

 

New estimated mineral resource 2011

 

Measured, indicated, inferred mineral resource in Dannemora, 2011-07-15(*)

 

 

Class Tonnage
[Mt]
Fe
[%]
Mn
[%]
Measured 19.7 38.7 1.9
Indicated 13.9 37.9 2.0
Total 33.6 38.4 2.0
       
Inferred 1.3 42.1 2.5

 

(*) This tonnage includes Norrnäs 3, which is also shown separately in table below.

 

Measured and indicated mineral resource for Norrnäs 3, 2011-07-15.

 

Class Tonnage
[Mt]
Fe
[%]
Mn
[%]
Measured 1.44 34.3 2.0
Indicated 0.03 35.1 1.8
Total 1.48 34.3 2.0

 

 

The estimation of the mineral resource has been made by geologists at Dannemora Magnetit AB in cooperation with the independent consultant and qualified person, Thomas Lindholm, GeoVista AB. Thomas Lindholm has sufficient experience relevant to the style of mineralisation under consideration and consents to the inclusion in the announcement of this information in the form and context in which it appears.

 

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