Hannans Reward/Lannavaara Iron Mine

The main deposit within the Lannavaara Iron Project is the Paljasjärvi deposit which is comprised of a 3.5km long magnetic anomaly; magnetite skarn mineralisation was confirmed by historic drilling in 1963 (6 holes). In 2012 Hannans completed initial DTR metallurgical testwork on the historic core which confirmed the ore upgrades to +69% Fe product. A substantial amount of drilling is required to further define the deposit and to ultimately generate a JORC compliant Mineral Resource Estimate for Paljasjärvi; in January 2014 a workplan for diamond drilling was approved.