Haarakumpu

• Originally discovered in 1982 by Lapin Malmi Oy. Twenty-two diamond drillholes were completed on 100×50m centres, intersecting a shallow dipping mineralised zone 800×200m in area.

• Historical Resources in the higher grade part of the mineralisation (red area in diagram) of 0.9 Mt @ 0.34% cobalt, 0.46% copper. Total metal contents of 3,060 t of cobalt and 4,140 t of copper.

• Historical metallurgical studies were carried out, producing separate copper (90% Cu recovery grading 25% Cu) and cobalt (75% Co recovery grading 0.85% Co) concentrates

• One of a number of deposits in the area

Current Status

• Re-analysis of old holes indicates gold is also present
• Diamond drilling to drill the deposit down to 50 m centres commenced July 2007