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Kuhmo - Resources

Mineral Resources at the Kuhmo Nickel Project

Location Tonnes
(Mt)
Ni
(%)
Cu
(%)
Co
(%)
Pt
(g/t)
Pd
(g/t)
Vaara1 2.764     0.49 0.04 0.01 0.27 0.11
Peura-aho1 0.495 0.60 0.27 0.04 0.58 0.27
Hietaharju1 1.083 0.80 0.40 0.05 1.17 0.49
Sika-aho2 0.175 0.67 0.01 n/a n/a n/a
Arola3     1.5 0.46 n/a n/a n/a n/a
Total 6.017 0.55

contained nickel     $33,250 tonnes

1 Indicated and Inferred Resources. For a breakdown see Resource estimate by Universal Resources Ltd in ASX Release 23 October 2009.
2 GTK, 1998 Polygonal Resource Estimate, available in Public domain but not reported under JORC Code. Universal review classified as Inferred Resource.
3 Outokumpu, Polygonal Resource Estimate, available in Public domain but not reported under JORC Code. Universal review classified as Inferred Resource.