LUXEMBOURG, LUXEMBOURG--(Marketwire - Feb. 25, 2013) - Northland Resources S.A. (News - Market indicators)(OSLO:NAUR)(FRANKFURT:NPK)(OMX:NAURo) ("Northland" or the "Company") announces that the vessel Star Norita left the Port of Narvik, Norway on Monday, February 25, 2013, loaded with approximately 55,000 tonnes of Northland's high-quality iron ore concentrate.
Although Northland is using temporary loading facilities in the Port of Narvik, the company has proven that the entire logistics chain is working as planned.
The ship is destined for Tata Steel, IJmuiden in the Netherlands, on March 1, 2013.
Karl-Axel Waplan, President & CEO, Northland Resources S.A.
Northland is a producer of iron ore concentrate, with a portfolio of production, development and exploration mines and projects in northern Sweden and Finland. The first construction phase of the Kaunisvaara project is complete and production ramp-up started in November 2012. The Company expects to produce high-grade, high-quality magnetite iron concentrate in Kaunisvaara, Sweden, where the Company expects to exploit two magnetite iron ore deposits, Tapuli and Sahavaara. Northland has entered into off-take contracts with three partners for the entire production from the Kaunisvaara project over the next seven to ten years. 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 the Pellivuoma deposit, which is located 15 km from the Kaunisvaara processing plant.