| (1&2) |
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The Svartliden Mineral Resource was completed internally and audited by independent consultants Runge Limited in July 2011 for the open pit and underground portions of the Mineral Resource. Ordinary Kriging grade interpolation was constrained by resource outlines using a nominal 1 g/t gold cut-off and a minimum down hole length of 2 metres. A high grade cut of 60 g/t gold was applied to the underground resource and 30 g/t gold for the open pit resource. Resource incorporates available drill data at 31 March 2011 and has been depleted for mining as at 31 December 2011. Open pit resource reported at a cut-off grade of 1.3 g/t gold and the underground resource at 3 g/t gold.
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| (4) |
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The Kutema Mineral Resource was completed by independent consultants Resource Evaluations Pty Ltd in 2007 using Inverse Distance to Power 2 grade interpolation constrained by resource outlines using a nominal 1 g/t gold cut-of and minimum 2 metre down hole length. High grade cuts of 80 g/t and 110 g/t gold were applied to mineralised objects. Reported at a cut-off grade of 3 g/t gold.
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| (5) |
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The Sarvisuo Mineral Resource was undertaken internally and audited by independent consultants Runge Limited in January 2012. Inverse Distance to Power 2 grade interpolation constrained by resource outlines using a nominal 0.6 to 1.0 g/t gold cut-off and using a minimum 2 metre down hole length. A high grade cut of 70 g/t gold was applied to mineralised objects. Reported at a cut-off grade of 2 g/t gold.
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| (6) |
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The Kujankallio Mineral Resource was completed by Runge Limited in January 2012 using Inverse Distance to Power 2 grade interpolation constrained by outlines based on a nominal 0.1 to 0.5 g/t gold cut-off an no minimum down hole length due to the pinch and swell nature of the deposit. High grade cuts of 75 to 105 g/t gold were applied where appropriate. Reported at a 2 g/t gold cut-off.
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| (7) |
The Arpola Mineral Resource was completed by Runge Limited in January 2011 using Inverse Distance to Power 2 grade interpolation constrained by outlines based on a nominal 0.1 to 0.5 g/t gold cut-off an no minimum down hole length due to the pinch and swell nature of the deposit. A high grade cut of 70 g/t gold was utilised for all mineralised objects. Resource has been depleted for mining as at 31 December 2011. Reported at a 2 g/t gold cut-off.
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| (8-9) |
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The Kaapelinkulma Mineral Resources were completed by independent consultants Runge Limited in October 2010 using Inverse Distance to Power 2 grade interpolation constrained by resource outlines using a nominal 0.5 g/t gold cut-off and minimum 2 metre down hole length. High grade cuts of 50 g/t and 20 g/t gold were applied to the Southern and Northern areas, ,respectively. Reported at a cut-off grade of 1 g/t gold.
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| (10) |
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The Juomasuo Mineral Resource was completed by independent consultants Runge Limited in November 2011 using Ordinary Kriging grade interpolation constrained by resource outlines using a nominal 0.5 g/t gold cut-off and minimum 2 metre down hole length. High grade cuts of 120 g/t and 130 g/t gold were applied to the main zones of mineralisation. The remaining zones were assigned a high grade cut of 50 g/t gold. Reported at a cut-off grade of 1 g/t gold.
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| (11) |
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The Hangaslampi Mineral Resource (Gold) was completed by independent consultants Runge Limited in January 2011 using Ordinary Kriging grade interpolation constrained by resource outlines using a nominal 0.5 g/t gold cut-off and minimum 2 metre down hole length. A high grade cut of 70 g/t gold was applied to all objects. Reported at a cut-off grade of 1 g/t gold.
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| (12) |
The Pohjasvaara Mineral Resource (Gold) was completed by independent consultants Runge Limited in January 2011 using Ordinary Kriging grade interpolation constrained by resource outlines using a nominal 0.5 g/t gold cut-off and minimum 2 metre down hole length. A high grade cut of 30 g/t gold was applied to all objects. Reported at a cut-off grade of 1 g/t gold.
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| (13) |
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The Meurastuksenaho Mineral Resource (Gold) was completed by independent consultants Runge Limited in January 2011 using Ordinary Kriging grade interpolation constrained by resource outlines using a nominal 0.5 g/t gold cut-off combined with a nominal 500ppm cobalt cut-off and minimum 2 metre down hole length. A high grade cut of 37 g/t gold was applied to all objects. Reported at a cut-off grade of 1 g/t gold.
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| (14) |
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The Sivakkaharju Mineral Resource (Gold) was completed by independent consultants Runge Limited in January 2011 using Inverse Distance to Power 2 grade interpolation constrained by resource outlines using a nominal 0.5 g/t gold cut-off and minimum 2 metre down hole length. No high grade cuts were applied. Reported at a cut-off grade of 1 g/t gold.
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Notations: |
| (1-2,6-10) |
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The information in this report that relates to Mineral Resources is based on information compiled by Mr Craig Allison, a Member of the Australasian Institute of Mining and Metallurgy, who is a full time employee of Runge Limited and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2004 Edition of the Australasian Code of Reporting for Exploration Results, Mineral Resources and Ore Reserves. Mr Craig Allison consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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| (3) |
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The information in this report that relates to Mineral Resources is based on information compiled by Mr Neale Edwards BSc (Hons), a Fellow of the Australian Institute of Geoscientists, who is a full time employee of the company and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2004 Edition of the Australasian Code of Reporting for Exploration Results, Mineral Resources and Ore Reserves. Mr Neale Edwards consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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| (4-5,7,1--14) |
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The information in this report that relates to Mineral Resources is based on information compiled by Mr Aaron Green BSc (Hons), a Member of the Australian Institute of Geoscientists, who is a full time employee of Runge Limited and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2004 Edition of the Australasian Code of Reporting for Exploration Results, Mineral Resources and Ore Reserves. Mr. Aaron Green consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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| (8-9) |
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The information in this report that relates to Mineral Resources is based on information compiled by Mr Aaron Green BSc (Hons), a Member of the Australian Institute of Geoscientists, who was a full time employee of Resource Evaluations Pty Ltd and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2004 Edition of the Australasian Code of Reporting for Exploration Results, Mineral Resources and Ore Reserves. Mr. Aaron Green consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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| (4,7,11-14) |
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The information in this report that relates to Mineral Resources is based on information compiled by Mr Neale Edwards BSc (Hons), a Fellow of the Australian Institute of Geoscientists and Mr Matti Talikka MSc (Geology), a Member of the Australasian Institute of Mining and Metallurgy, who are full time employees of the company and have sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the Australasian Code of Reporting for Exploration Results, Mineral Resources and Ore Reserves. Mr Neale Edwards and Mr Matti Talikka consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.
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