Kouvervaara

Existing historical cobalt gold resource equivalent to the CIMM indicated resource category is calculated to 50 m vertical of 1.58Mt @ 0.1% Co, 0.4 ppm Au (2.1 g/t AuEq).

• Geophysics suggests 900m strike length, open at depth

• Inverse relationship of high grade cobalt to gold

• Exploration focussed on delineating high grade gold potential

• Several higher grade pipes intersected in recent drilling
  8.80m @ 4.90 g/t Au
  3.33m @ 5.36 g/t Au
  6.55m @ 6.32 g/t Au
• Modelling indicates up and down dip potential of recent intersections

Current Status

• Modelling at 0.8 g/t Au cut-off indicates the higher grade gold pipes to have a mineralised volume containing 0.7 Mt to a depth of 150m within a larger volume of cobalt gold mineralisation