Ala-Penikkavaara. Mineral Deposit Report. Page 1 OF Mineral deposit type. Dimension. Holder history. AP Reef, Ala-Penikka Reef

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1 Page 1 OF Ala-Penikkavaara Alernaive names: Occurence ype: AP Reef, Ala-Penikka Reef occurrence Commodiy Rank Toal Measure Toal Producion Toal Resource plainum group meal palladium plainum rhodium gold copper Easing EUREF: Easing YKJ: Norhing EUREF: Norhing YKJ: Discovery year: 1981 Province: Porimo (PGE, Cr, Ni) Disric: Reference: 1,5 Mineral deposi ype Group: Meallogenic deposi Main ype: Ulramafic (magmaic) Sub ype1: Sub ype2: Commens: References: Dimension Expression: exposed Area (ha): Form: concordan Dip azim: 15 Shape: Dip: Lengh (m): Plunge azim: Widh (m): Plunge dip: Thickness (m): 0 Orienaion mehod: Deph (m): 100 Holder hisory 1

2 Page 2 OF Curren holder: Kylylahi Copper Oy Years: Holding ype: Reservaion Company Years Holding ype Commens Gold Fields Arcic Plainum Oy Arcic Plainum Parnership Ay Figures Correlaion of he Ryikangas and Ala-Penikka Reefs 2

3 Page OF Exploraion Aciviy Ouokumpu Oy Years Aciviy ype Geologis Exploraion resul Ref subsurface exploraion Jarmo Lahinen, Tapio Halkoaho deailed geophysics Jarmo Lahinen, Tapio Halkoaho deailed geology Jarmo Lahinen, Tapio Halkoaho Ouokumpu Oy Years Aciviy ype Geologis Exploraion resul Ref deailed geology Jarmo Lahinen Commens: Resampling and assaying in 1981 resuled in he finding of high PGE conens. Ouokumpu Oy Years Aciviy ype Geologis Exploraion resul Ref deailed geology Jorma Kujanpää Commens: Sulphide bearing oucrops on he Ala-Penikka Hill were found on 1960 by Ouokumpu Oy, bu he PGE was no assayed.

4 Page 4 OF Resources and Reserves Mos Recen: Type: Company: Year: Calc mehod: Reference: Resource Ouokumpu Oy Caegory: Tonnage:.50 copper gold palladium rhodium plainum plainum group meal 0.21 % 0.28 ppm 6.16 ppm 0.11 ppm 1.68 ppm 7.95 ppm M Cuoff: Figures Correlaion of he Porimo and Penika complexes Drill hole inersecion of he normal reef and depsession srucure 4

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6 Page 6 OF Geology Hos rock : Ulramafic rock Ulramafic rock (Hos rock) Rock Type: Proporion: Grain size: Color: References: Commens: Pluonic rock presen 2,,4 The Ala-Penikka reef is hosed by a leucocraic plagioclase cumulae of he Megacyclic Uni IV wih poikiliic augie, which is overlain by a plagioclase-bronzie cumulae some ens of meers hick, wih nonpoikiliic inercumulus augie. This package is underlain and overlain by hick sequences of fairly monoonous gabbronorie adcumulaes. Meamorphic descripion: Type: Facies: Grade: Relaion o mineralizaion: Regional greenschis low meamorphic meamorphic grade facies Min P- Max P (kbar) Min T- Max T ( C) Geological age: Geological era: Paleoproerozoic ( Ma) Max age - Min Inferred age Age of age (Ma) (Ma) mineralizaion N 6

7 Page 7 OF References 1 Eerola, P., Reino, J., Vaajoensuu, K. and Seppänen, A., (1990). Kivaloiden alueen PGE-Au-Cu-Ni-esiinymien hyödynämismahdollisuuksisa. Ouokumpu in-house repor 090/254,2544,61/OMS/90. hp://upa.gk.fi/rapori/arkiso/090_254_2544_61_oms_90.pdf 2 Halkoaho, T., Alapiei, T., Lahinen, J. and Lerssi, J. 1990b. The Ala-Penikka PGE Reefs in he Penika layered inrusion, Norhern Finland. Mineralogy and Perology, 42, p Halkoaho, T The Sompujärvi and Ala-Penikka PGE reefs in he Penika layered inrusion, norhern Finland: implicaions for PGE reef-forming processes. Aca Univ. Ouluensis. Ser. A, Scieniae Rerum Nauralium p 4 Alapiei, T. and lahinen, J., Sraigraphy, perology, and plainum-group elemen mineralizaion of he early Proerozoic Penika layered inrusion, Norhern Finland. Economic Geology, 81, p Halkoaho, T., Alapiei, T.T. & Huhelin, T The Sompujärvi, Ala-Penikka and Paasivaara PGE reefs in he Penika layered inrusion, norhern Finland., Guide 51a hp://upa.gk.fi/julkaisu/opas/op_051a_pages_0_076.pdf 7

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