LUXEMBOURG, LUXEMBOURG — (Marketwired) — 11/28/13 — Northland Resources S.A. (OSLO: NAUR)(FRANKFURT: NPK)(OMX: NAURo) – (together with its subsidiaries „Northland“, „NRSA“ or the „Company“) announced today its financial results for the third quarter ended September 30, 2013.
The third quarter 2013 Management-s Discussion and Analysis („MD&A“) and the Unaudited Interim Consolidated Financial Statements for the three and nine months ended September 30, 2013 have been posted on the Company-s website, today, November 28, 2013 and they will be available on .
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.
Forward-Looking Information
This announcement may include „forward-looking“ information within the meaning of applicable securities laws. This forward-looking information can be identified by the use of forward-looking terminology, including the terms „believes“, „estimates“, „anticipates“, „expects“, „intends“, „may“, „will“ or „should“ or, in each case, their negative, or other variations or comparable terminology. This forward-looking information includes all matters that are expectations concerning, among other things, Northland-s ability to meet its continuous disclosure and MCTO obligations, the likelihood of Northland rectify its default under Canadian Securities laws, Northland-s results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which it operates. By their nature, forward-looking information involves risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward-looking information is not a guarantee of future performance and that Northland-s actual results of operations, financial condition and liquidity, and the development of the industry in which it operates may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, even if Northland-s results of operations, financial condition and liquidity, and the development of the industry in which Northland operates are consistent with the forward-looking information contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.
Contacts: Eva Kaijser CFO +46 709 320 901
Petter Brunnberg Investor Relations: +46 727 24 41 09
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