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Re:
News Release - Monday, March 17, 2008
Title:
Northland Resources Comments on Infrastructure Discussions
March 17, 2008: Buck Morrow, the President of Northland Resources is pleased to provide an update on recent discussions with the rail and port authorities in Sweden, Finland and Norway.
A number of newspaper articles published in Scandinavia and Finland have recently commented on the Company's proposed plans to eventually ship up to 13 million tonnes of iron ore per year from its projects to ports in Sweden, Norway or Finland and Management felt that it was appropriate to outline how the issue of infrastructure is being addressed in its engineering studies.
Management has commissioned detailed studies of available infrastructure using local and international consultancy firms and governmental agencies, and planning is well underway to help the Company determine the most cost effective transport options for possible future iron ore production from its magnetite projects in northern Sweden and Finland.
The Company's infrastructure studies are underway concurrent with the scoping and pre-feasibility studies announced earlier in 2008 (see news releases dated November 27, 2007 and February 1, 2008) and will provide key inputs to the economic models being developed for Northland's projects. Northland's projects benefit from mature infrastructure including established rail and road networks, sufficient electrical power and, to date, strong support from the regional governments on both sides of the Sweden-Finland border.
Rail Transport Options in Finland
There are 2 rail heads on the Finnish side of the border within a few kilometers of Northland's Hannukainen project. These connect to the "Kolari to Kemi" rail link which currently handles passenger rail and timber products but has handled iron ore in the past. Northland is co-sponsoring a rail study with the Finnish rail authorities to examine the movement of up to 13 million tonnes per year capacity over the Kolari-Kemi segment of the rail line. The Kolari-Kemi rail haul is approximately 252 kilometers with the vast majority of it in place and functioning. The study will detail the current carrying capacity of the line and the costs to upgrade the line to 6 million then 13 million tonnes per year.
The Finnish Rail Administration has already announced a plan to upgrade the Kolari line; a decision that was apparently taken in principle before anything was known about the potential requirements of Northland's projects. They recently commented that renewal of the surface structure of the line is scheduled to kick off this coming summer at an estimated cost of around 84 million Euros.
Northland's plans are focusing on fast-tracking the Tapuli deposit near Pajala in Sweden into production first and the Company is examining the feasibility of initially transporting the estimated 3 million tonnes of production per year from Tapuli by rail, slurry pipeline or overland conveyor to the existing rail Finnish rail line for shipment to port.
Rail Transport Options in Sweden
In Sweden, Northland has engaged Railize International, a Swedish rail transport consulting group to analyze the Swedish rail requirements for transport of up to 13 million tonnes of ore per year to port. Railize is taking an in-depth look at the feasibility of various rail link options including transport by existing rail links, including the Kolari to Kemi rail link, to Luleå or Kalix-Storön ports in Sweden.
Railsize is also looking at the feasibility of establishing a new rail link between Kolari in Finland, via Svappavaara in Sweden, connecting to the Gällivare (Malmberget) - Kiruna line to the Port of Narvik in Norway. LKAB currently ships much of its iron ore production from Narvik. The Kaunisvaara to Narvik rail haul would be approximately 315 kilometers, with the majority already in place.
Port Options
Northland's senior management has also met with the port authorities at a number of Swedish and Finnish ports on the Gulf of Bothnia, and at Narvik in northern Norway.
The principal port options under consideration are Luleå in Sweden, Kemi in Finland and Narvik in Norway. Northland is co-sponsoring a dredging study with the Port of Luleå to provide draft for Panamax-sized ships. A new port facility at Kalix-Storön is being considered as a port to handle Panamax-sized vessels as well.
The Port of Narvik is under consideration because it has the advantage of being ice free and is able to handle ships of up to Cape size. Narvik currently handles the bulk of LKAB's iron ore exports. The port authorities there have identified 2 potential sites to establish additional iron ore export facilities and Northland will be continuing its discussions with the Narvik Port Authority.
About Northland (www.northlandresourcesinc.com)
Northland is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.
ON BEHALF OF THE BOARD
"Buck Morrow"
NORTHLAND RESOURCES INC.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Northland Resources Inc.
Buck Morrow, President
Investor Relations:
North America, Ralph Rushton: Toll Free: 1-866-719-8962
European Contact , Jonas Lundstrom, +46 (70) 549 3338
Copyright © 2008 NORTHLAND RESOURCES INC. (NAU) All rights reserved. For more information visit our website at
http://www.northlandresourcesinc.com/
or send email to
news@Goldgroup.com
..
Northland Resources Inc.
DEVELOPMENT STAGE
CODE : NAU.TO
ISIN : CA6665271061
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Corporate Presentations of Northland Resources Inc.
10/11/2007
Presenting at Canaccord Adams' Iron Ore Conference
In the News and Medias of Northland Resources Inc.
2/9/2013
Northland Resources seeks court protection as cash dwindles
8/28/2009
Northland Resources to review Swedish assets
Annual reports of Northland Resources Inc.
2010 Annual Report
2008 Annual Report
Financings of Northland Resources Inc.
6/18/2012
Finalizes the Financing for its Drill Rigs
2/15/2012
Announces Fully Subscribed Bond Offering and Re-Launch of Fu...
2/8/2012
Extends the Application Period for the Equity Offering
11/22/2010
Announces Filing of Preliminary Prospectus for Possible Equi...
11/20/2010
Preliminary Prospectus for Possible Equity Offering
7/13/2007
closes private placement & conducts public offering
6/19/2007
C$107-million Private Placement Fully Subscribed
6/18/2007
arranges C$107-million Private Placement
Nominations of Northland Resources Inc.
1/17/2012
Appoints Acting Chief Financial Officer
8/29/2007
Appoints Tuomo Mäkelä to the Board of Directors
8/9/2007
Appoints Stuart Pettifor to the Board of Directors
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(Barsele/ Norra)
Retains Project Manager for Barsele-Norra Project Area
5/7/2007
Appoints Birger Solberg as Director
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Appoints CFO and COO
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Announces Third Quarter 2012 Results
Project news of Northland Resources Inc.
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(Kaunisvaara)
First Concentrate Produced at Northland's Kaunisvaara Plant
6/10/2011
(Hannukainen)
Buys Properties in Preparation for the Hannukainen Mine in F...
5/31/2011
(Kaunisvaara)
Signs Agreement With Peab for the Civil Works at the Kaunisv...
5/18/2011
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Positive Update on Northland's Kaunisvaara Project Confirmin...
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Signs Agreement with Metso for Long-Lead Items and Basic Eng...
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Northland Files Exploitation Concession Application and Envi...
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(Tapuli)
Releases Tapuli, Sahavaara and Pellivuoma Mineral Resource U...
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Moves to Feasibility Study after Positive PEA on Kaunisvaara...
8/27/2009
(Barsele/ Norra)
Northland Considers Strategic Opportunities for Swedish Gold...
3/14/2008
(Stora Sahavaara)
submits exploitation concession applications for Tapuli and ...
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Reports Iron Resource at Tapuli & Excellent Metallurgical T...
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Appoints Scoping Study Manager
1/16/2008
Drills Extension of Stora Sahavaara Magnetite Body
1/14/2008
(Salmivaara)
Cuts 43% Iron over 53m at Salmivaara, Sweden
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Defines Major Iron-Copper-Gold Resource at Hannukainen
7/26/2007
(Stora Sahavaara)
Northland's Stora Sahavaara Project Initial Test Results Yie...
3/21/2007
(Barsele/ Norra)
Reports Barsele Drill Results, Identifies High Grade Gold + ...
Corporate news of Northland Resources Inc.
3/15/2013
to Be Delisted From the Toronto Stock Exchange
2/25/2013
First Vessel Has Left the Port of Narvik
2/18/2013
Notice to Attend the Creditors' Meeting for Northland's Swed...
2/5/2013
Cancels Previously Announced Contemplated Equity Issue and B...
1/24/2013
to Address Funding Shortfall Due to Higher Initial Opex and ...
12/18/2012
Iron Ore Concentrate Has Reached the Port of Narvik
12/11/2012
Completes a Successful Subscription of a USD 20 Million Bond...
11/29/2012
Announces Third Draw Down From its Bond Loan
9/17/2012
Granted Requested Train Slots on the Malmbanan Railway
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(Kaunisvaara)
Signs a USD 50 Million Bridge Financing for Its Kaunisvaara ...
10/7/2011
Management Appointments at Northland
4/7/2011
Appoints Anders Antonsson as Vice President, Investor Relati...
11/19/2010
Signs Off-take Agreement with Standard Bank
10/29/2010
Northland Signs Off-take Agreement with Tata Steel
10/27/2010
Tentative Agreement to Sell Northland's Non-Ferrous Assets i...
1/20/2010
Continuation of Company to Luxembourg and Change Name to Nor...
10/13/2009
Reorganizes Senior Executives in Response to Improved Market...
3/17/2008
Comments on Infrastructure Discussions
2/8/2008
Provides Drilling Update
10/23/2007
Spins-Out Its Non-Ferrous Projects
10/2/2007
Successful Pelletizing Test for Northland's Stora Sahavaara ...
9/13/2007
Outlines Regional Exploration Progress
8/2/2007
Receives Approval for Road Construction at the Tapuli Iron P...
8/1/2007
Mobilizes Drill to Salmivaara, Re-Assays Archived Core
7/24/2007
2007 Annual General Meeting
7/17/2007
Provides Update on Metallurgical Testwork at Hannukainen Iro...
6/15/2007
Announces Tapuli Drill Results
5/9/2007
Acquires New Iron-Copper Target in Sweden
4/16/2007
retains Corus Consulting to investigate beneficiation and ma...
3/26/2007
Updates on Stora Sahavaara Iron Project
3/2/2007
Film on Stora Sahavaara
2/28/2007
Update on Bulk Sampling of Stora Sahavaara Iron-Copper Proje...
2/27/2007
Releases More Iron-Copper-Gold Results for the Hannukainen P...
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TORONTO (NAU.TO)
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