Download - Northland Resources

Exploration Update
Vladimir Benes, PhD
VP Exploration
June 2011
Please see Cautionary Statement on last slide

Exploration Strategy 2011
• Focus on an increase of Fe-Cu-
Au resources for Hannukainen
• Support to DFS on Hannukainen
• Upgrade resources for
Pellivuoma
• Advancing the most promising
targets through the Pipeline
• Focus on near mine targets
6/20/2011 Exploration Update 2

PRIORITY
Exploration Project Pipeline
Grassroot
Target Delineation
Drill Testing
Advanced
Drilling
Resource
Development
Kelontekemä
Salmivaara Cu
Mannacorpi East
Tuulijoki
Vitikkuvoma
Käymäjärvi
Kelontekemä
Jolhikko
Jaaravinsa
Aarearova
Salmivaara Fe
Mannakorpi Fe
Karhujärvi
Marjarova
Sivakkalehto
Cu-Rautuvaara
Rautuoja
Hannukainen
Pellivuoma
Kuervitikko
PEA
PFS/FS
ADVANCEMENT
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Exploration Project Location
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Claim and Project Location SWE
Pajala (4.3.2011)
Granted claims: 33,479.69 hectares
Granted exploitation concessions: 254.261 hectares
Pending claims: 20,295.61 hectares
Lannavara / Saarijärvi
Granted claims: 11,931 hectares
Salmivaara
Granted claims in Salmivaara area: 6,891.16 hectares
Aarearova
Salmivaara
Käymäjärvi
Pellivuoma
Marjarova
Karhujärvi
6/20/2011 Sidfot 5

Claim and Project Location FIN
Finland, Lapland (4.5.2011)
Granted claims: 12,816.2 hectares
Claim reservation: 12,393.02 hectares
Pending claims: 9,051.21 hectares
Applied exploitation concessions: 6,026.58
hectares
Jolhikko
Kelontekemä
Rautuoja
Kuervitikko
Mannakorpi
Hannukainen
Cu Rautuvaara
6/20/2011 Sidfot 6

• Fennoscandian Shield
Tectonic Setting
• Archean Nucleus 3.2 - 2.5 Ga
• Rifting at 2.5-2.05 Ga
• Proterozoic crustal growth
1.95 – 1.79 Ga (Svecofennian
Orogeny)
• Sveconorwegian Orogeny 1.10
- 0.92 Ga
• Hosts numerous important
metallic deposits
Norrbotten Craton
Karelian Craton
Kola Craton
Geological map
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Regional Endowment
Kiruna
Kiruna
Kittila
Malmberget
Kevitsa
Aitik
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Regional Geology
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Kaunisvaara Camp
Geology
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Tapuli –
Summary of Activities
History
• Discovered in 1918
• SGU exploration (1965-1969) - 24 DH’s (5,597m) and ground geophysics
Northland’s operations
• 2006-2009: 76 EXP DH’s (12,178m)
37 MET DH’s (7,679m)
18 Tech DH’s (5,571m)
68 CDM DH’s (8,601m)
• Airborne geophysics (mag, radiometric and EM) by GTK
• 24 ton bulk sample from drill core in central part of deposit in 2008
• Geotechnical and hydrogeological studies; MET testwork processing
• NI-43 101 compliant Resource Estimate for Tapuli in 2009 by Geovista/Micon
• Updated Resource Estimate by SRK April 2010
• Feasibility Study reported October 2010
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Tapuli –
Geology
Strike 200m @ av.
thickness 30m
(max 45m)
Strike 1100m @
av. thickness
10m (max 20m)
Strike 500m @ av.
thickness 100m
(max 200m)
Strike 400m @
av. thickness
40m
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Tapuli –
Geology
Hangingwall
Quartzite
Magnetite
Mineralization
Footwall
Phyllite
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Tapuli –
Geological Section
Hangingwall
Quartzite
Magnetite
Mineralization
Footwall
Phyllite
Profile XS-0700
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Tapuli – Resource Estimate
(SRK 2010)
Mineral
Resource
Category
10% cut off
Tonnes
(Mt)
Fe Total
%
S
%
SiO 2
%
MgO
%
Al 2 O 3
%
Measured 52.8 27.02 0.23 25.31 17.90 2.10 6.31 0.07 0.08
Indicated 54.6 25.04 0.24 28.63 17.05 2.05 8.72 0.05 0.11
Meas+Ind 107.4 26.01 0.23 26.99 17.47 2.08 7.53 0.06 0.09
Inferred 24.7 24.58 0.23 28.53 17.75 2.00 7.80 0.06 0.10
CaO
%
P
%
Mn
%
• Green = Measured;
• Blue = Indicated;
• Red = Inferred;
• Pink = Potential
• Whittle pit shell (based on a metal price of
110 US¢/dmtu)
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Sahavaara –
Summary of Activities
History
• Discovered in 1918
• SGU exploration in the 60’s - 59 DH’s, shaft, and ground geophysics (mag
and gravity)
Northland’s operations
• 2005-2008: 75 EXP DH’s (14,177m) + 40 MET DH’s (5,629m)
• Airborne Geophysics (mag, radiometric and EM) by GTK
• NI-43 101 compliant Resource Estimate by Chlumsky, Armbrust and Meyer,
LLC (CAM) in 2006
• 2,000 ton bulk sample in central part of Stora deposit in 2007
• Updated Resource Model, including the Södra Sahavaara in 2009
• Updated Resource Estimates by SRK April 2010
• Feasibility Study October 2010
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Sahavaara – Geology
• Strike 1,400m
• Average thickness at surface 52m
• Mineralization traced 600m along the dip
• Simple geometry
• 1 main lens and few small lenses
Quartzite
Graphitic
Phyllite
Hangingwall
Quartzite-Phyllite
Footwall
Graphitic Phyllite
Phyllite
Greenstone
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Sahavaara Resource Estimated
(SRK 2010)
Resource
Category
10%Fe
cut off
Tonnes
(MT)
Fe
Total
%
S
%
SiO 2
%
MgO
%
Al 2 O 3
%
Measured 30.2 42.96 2.66 14.85 14.43 1.32 1.61 0.07 0.10
Indicated 56.6 38.14 1.55 20.08 14.73 1.32 4.02 0.05 0.12
Meas+Indic 86.8 39.82 1.93 18.26 14.63 1.32 3.18 0.06 0.11
Inferred 34.7 37.28 1.44 20.99 15.21 1.20 4.13 0.04 0.11
CaO
%
P
%
Mn
%
Green = Measured;
Blue = Indicated;
Red = Inferred;
Pink = Potential
Whittle pit shell (based on a metal
price of 110 US¢/dmtu)
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Pellivuoma
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Pellivuoma
Summary of Activities
• Ground magnetic and gravity survey 1963- 65
• SGU 1969-71 - 13 DH 2,493m
• Northland 2006-2010
• Airborne geophysical survey GTK 2006
• Ground geophysical survey GeoVista 2008
• Geophysical modeling Astrock 2009
• NRI drilled 56 DH, a total of 11,631m (2008-2009)
• Initial resource estimates GeoVista/Micon 2009 (41DH)
• Geotechnical and hydrogeological studies 2010
• MET testwork processing 2010
• Updated resource estimates SRK April 2010
• Drilling to upgrade resources 2011
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Pellivuoma –
Regional Geology
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Pellivuoma – Geology
Profile XS 0800
• Meandering ore lenses
conformable with the
footwall granite contact
• 20 to 100-m thick
• Dip 50 degrees SW
• Area 700m x 600m
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Pellivuoma Geological
Cross-section
Profile XS-0800
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Pellivuoma Resource
Classification (SRK 2010)
Resource
Category
10%cut off
Tonnes
(MT)
Fe
Total
%
S
%
SiO 2
%
MgO
%
Al 2 O 3 %
CaO
%
P
%
Mn
%
Measured 38.54 30.13 0.36 22.90 21.46 1.12 3.41 0.03 0.17
Indicated 18.80 29.86 0.52 25.07 20.18 1.06 4.04 0.03 0.29
Meas+ 57.34 30.04 0.41 23.61 21.04 1.10 3.62 0.03 0.21
Inferred 37.81 29.28 0.77 25.99 18.66 1.21 4.96 0.02 0.37
• Green = Measured;
• Blue = Indicated;
• Red = Inferred;
• Pink = Potential
• Whittle pit shell (based on a metal
price of 110 US¢/dmtu)
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Additional Resources for Kaunisvaara
Pellivuoma deposit
Marjarova prospect
9 DH, 1,708m
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Hannukainen
• Hannukainen consists of five ore bodies
• Laurinoja and Kuervaara partially mined
by Rautaruukki and Outokumpu (1978-
1992)
• Produced 4.5 Mt ore @ 43% Fe,
0.88% Cu
• Northland became active in 2005
• NRI exploration drilling 306DH -
46,474.40 m
• Metallurgical drilling 36 DH
• 30 CDM holes
• Metallurgical test work
• PEA May 2010
• DFS in progress
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Hannukainen Geological
Cross-section
Monzonite
Diorite
Diorite
Mica Schist
Amphibolite
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HANNUKAINEN – KUERVITIKKO
TREND
Elevation and Ore Body Model
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HANNUKAINEN – KUERVITIKKO
MINERALIZATION
Kuervitikko
Iron equivalent
(10-15-20-30-40% envelope)
Hannukainen
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HANNUKAINEN – KUERVITIKKO
MINERALIZATION
Kuervitikko
Copper
(0.05- 0.1- 0.2- 0.3 % envelope)
Hannukainen
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Resources Estimates Hannukainen
and Kuervitikko (WGM 2010)
Hannukainen
WGM, May 10, 2010
Categories after JORC 2004 guidelines
Category Mt Fe Cu Au
Measured 101 33.8% 0.17% 0.07 g/ton
Indicated 9 35.0% 0.13% 0.02 g/ton
Infererred 88 31.7% 0.13% 0.04 g/ton
Global tonnage
Kuervitikko
198 Mt
WGM, May 10, 2010
Category Mt Fe Cu Au
Measured
Indicated 26 23.8% 0.17% 0.18 g/ton
Infererred 19 21.7% 0.15% 0.17 g/ton
Pit Optimized
Underground Resources
Not Pit Optimized
Global tonnage
45 Mt
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Additional Resources for
Hannukainen
Hannukainen
Mannacorpi
Rautuoja
Cu Rautuvaara
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Regional Exploration Finland
Aakenus-Jolhikko
Jaaravinsa-Mannakorpi
Hannukainen
KITTILÄ
Tuulijoki
Luosu
Kelontekemä
Äkäsjoki shear zone
KOLARI
Vitikkovuoma-Rito-oja
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Exploration Track Record
600
500
400
300
200
Historic
Inferred 43-101
M&I 43-101
100
0
2005 2006 2007 2008 2009 2010
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Cautionary Statement
This PowerPoint presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995, and applicable Canadian Securities laws. We have tried, whenever possible, to identify these forward-looking
statements using words such as “anticipates”, “believes”, “expects”, ”plans”, ”intends”, “potential” and similar expressions. These
statements reflect our current belief and are based on currently available information. Accordingly, such forward-looking
statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results,
performance or achievements to differ materially from those expressed or implied by such statements.
Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company and/or its subsidiaries to be materially different from
any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include,
among others, those factors discussed in the section entitled “Risk Factors” in the Company’s preliminary short form prospectus
dated November 17, 2010, its annual information form dated February 22, 2011, and the management’s discussion and analysis
of results of operations and financial condition for the year ended April 30, 2011.
Except as required by law, we undertake no obligation to update or advise in the event of any change, addition, or alteration to the
information contained in this PowerPoint presentation, including such forward-looking statements. This PowerPoint presentation
does not constitute an offer of the securities described herein.
Resources Quoted in This Presentation
Vladimir Benes, Ph.D., Vice President of Exploration for Northland Resources Inc., is the Qualified Person in accordance with
National Instrument 43-101 responsible for overseeing the execution of Northland's exploration programs and for verifying that the
information presented in this presentation is an accurate summary. Dr. Benes is a fellow member of the Australasian Institute of
Mining and Metallurgy (Member #300308).
Metallurgical Test-Work
Mr. Paul Marsden, VP Marketing and Corporate Development for Northland, is a member of the IMMM, a Chartered Engineer and
a Chartered Scientist and is the Qualified Person as defined in NI 43-101 responsible for the metallurgical test work programs for
Northland. Mr. Marsden has verified that the results presented in this presentation have been accurately summarized from the
results reported to Northland.
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