Notice is hereby given of the annual general meeting (AGM) with the shareholders of Nickel Mountain Resources AB (publ), 556493-3199, on Thursday 14th of May 2012 at 1000 hours at the company’s office at Kungsgatan44, 7th floor, in Stockholm.
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IGE Resources AB (OSE: IGE) is pleased to announce a significant upgrade of Mineral
Resources at the Rönnbäcken Nickel Project (the Project). The latest Mineral Resource
Estimate incorporates down-dip extension drilling at the Rönnbäcknäset deposit and has
resulted in a conversion of 86.5 million tonnes (Mt) from the Inferred to the Indicated category.
Further, an additional 8 Mt of Indicated plus 12 Mt of Inferred were defined at Rönnbäcknäset
as a result of this drilling campaign. SRK Consulting (Sweden) AB (SRK) prepared the Mineral
Resource Statement on behalf of Nickel Mountain Resources AB (publ) (the Company), who
wholly own the Project. Notably, for the Project as a whole, 97% of Mineral Resources now lie
in the Measured and Indicated categories, an important milestone for the Company which now
aims to convert these Mineral Resource to Reserves, as part of the forthcoming Prefeasibility
Study (PFS). The entire Mineral Resource for the Project as a whole now includes a total of
668.3 Mt in the Measured and Indicated categories.
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Nickel Mountain AB is 100% owned by Nickel Mountain Resources AB, a wholly owned subsidiary of IGE Resources AB (publ). Nickel Mountain's focus is the development of the 100% owned Rönnbäcken nickel sulphide deposit, located in Northern Sweden.
Nickel Mountain's objecitve is to produce 25,000 tonnes per annum of nickel from Rönnbäcken for the international markets. Nickel Mountain's long-term objective is to become a leading mid-tier nickel producer capitalizing on opportunities both within the Nordic and other regions globally.
