Nordic Mining's subsidiary in Finland, Keliber Oy has been granted reservation for new exploration areas in the Ostrobothnia lithium province in Finland. The new reservations which cover an area of approximately 56 km2 are in the Kaustinen and Kronoby municipalities. The reservation areas are ajacent to the license and exploration areas currently held by Keliber. In addition to Keliber, the Geological Survey of Finland (GTK) has exploration areas in the Ostrobothnia lithium province.

 

"Keliber is the only company with serious plans to start mining and production of lithium products based on the mineral resources from the Ostrobothnia lithium province. Therefore, it is important that the company takes a long term view on its mineral resource base," says Keliber's general manager Olle Sirén. "Further exploration work including drilling program is required to estimate the resource potential in the reservation areas. There is, however, significant geological information and indications that the new areas will constitute a future resource base for Keliber."

 

In October, magnetic measuring is executed at the Länttä deposit where Keliber has permits to start mining. The purpose of the magnetic measuring is to obtain a more precise description of the ore zones as input for the mine planning, and for revision of estimates for mineable ore reserves.

 

For questions please contact CFO Lars K. Grøndahl, telephone +47 - 901 60 941.

 

Oslo, 19 October 2009