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Monday, April 18, 2011 1:22:30 PM
http://www.northerngraphite.com/wp-content/uploads/2010/08/Final-Prospectus-April-7-2011.pdf
In the Technical Report, SGS has updated the preliminary assessment it initially prepared for the Corporation in
December 2007, and SGS has also been engaged to complete the pre-feasibility study, which will include a new
resource estimate based on recent drilling. The Corporation expects that the pre-feasibility study will be finished in
the second quarter of 2011 and it will be filed and available on SEDAR once completed.
The Corporation has completed approximately 2,900 meters of drilling and is currently
reviewing and evaluating the results in conjunction with SGS, and awaiting assays of QA/QC samples, after which it
will release the results.
The current resource estimate on the Bissett Creek Project is based on approximately 8,400m of drilling in 242 holes
completed during the 1980s. Six confirmation holes were drilled in 2007 and the current program included 13
additional twin and infill holes to further confirm previous results and support the calculation of a proven and probable
reserve in the pre-feasibility study. The drill program was also designed to upgrade the existing resource such that the
pre-feasibility study can include a new resource estimate based on this more recent drilling and evaluate the
economics of a 20 year operation based on Measured Resources and Indicated Resources only.
The Corporation recently expanded the size of the Bissett Creek Project by staking an additional twelve unpatented
mining claims forming part of the Mining Claims, which cover approximately 1,800 hectares.
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