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.