BFS Probable Reserves

Probable Ni Cu Co Pt Pd Au
Date Deposit Tonnes % % % (g/t) (g/t) (g/t)
June 2007 Mesamax 2,186,155 1.85 2.49 0.07 0.95 3.46 0.19
June 2007 Expo 8,255,282 0.68 0.69 0.04 0.29 1.25 0.07
June 2007 Ivakkak (OP) 635,897 1.22 1.53 0.05 0.67 3.22 0.16
June 2007 Ivakkak (UG) 218,994 2.28 2.73 0.10 1.04 4.90 0.21
TOTAL 11,296,328 0.97 1.13 0.05 0.45 1.86 0.10

OP = Open Pit
UG = Underground

 

Resources

Deposit & Tonnes Ni Cu Co Pt Pd Au
Date Category (1,000s) % % % (g/t) (g/t) (g/t)
January 2007 Mesamax
Indicated 2,218 1.89 2.57 0.08 0.97 3.63 0.20
Inferred 31 1.61 1.78 0.07 0.60 3.57 0.15
April 2008 Allammaq
Indicated 2,065 1.30 1.52 0.05 0.73 3.14 0.13
Inferred 461 1.97 1.84 0.08 0.81 2.67 0.13
September 2007 Mequillon
Indicated 5,374 0.74 1.07 0.04 0.70 2.65 0.23
Inferred 3,085 0.82 1.12 0.04 0.65 2.57 0.18
January 2007 Expo
Indicated 8,562 0.76 0.76 0.04 0.32 1.36 0.08
Inferred 478 0.81 0.83 0.04 0.32 1.33 0.07
February 2007 Ivakkak
Indicated 1,128 1.22 1.55 0.05 0.64 3.14 0.15
Inferred 40 1.24 1.30 0.05 0.69 2.90 0.10
April 2003 TK
Indicated 90 1.60 1.20 0.10 0.40 2.00 0.10
Inferred 7 1.60 1.00 0.11 0.40 1.60 0.00
Total Indicated 19,437 0.97 1.18 0.05 0.56 2.27 0.14
Inferred 4,102 0.96 1.17 0.05 0.63 2.45 0.16

  

Notes

  1. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
  2. The quantity and grade of reported inferred resources in this estimation are conceptual in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.
  3. The mineral resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council December 11, 2005.