Glossary

Anomalies

Deviating from the norm - in this case referring to raised gold grades.

Arsenopyrite

Mineral with the chemical formula FeAsS.

Bedrock

The surface bedrock.

Boulder tracing

A traditional exploration method.

Boulder trail

Loose stones which the inland ice has torn loose and transported in the direction of the ice flow.

Deposit

An indication of an economic mineralization.

Diabase

Basic dike.

Diamond drilling

Exploration method where one retrieves core samples; also called core-drilling.

Dip

The angle for strike of layering, faults, shearing etc.

Doré-bars

Unrefined bars, normally containing gold and silver.

Environmental Code

The law that regulates all types of impact on the environment.

Environmental impact study

Analysis of the impact a mining operation would have on the environment.

Exploration

Searching for ores using various methods for example boulder tracing, geochemistry, geophysics etc.

Exploitation Concession

Permit to mine a deposit.

Fault

Tectonic displacement of rock volumes .

Feasibility study

A study of profitability. A study to determine whether the project is possible to carry out. It is sufficiently detailed and precise to serve as a basis for investment decisions.

Fäboliden/Fäbodliden

On maps and in official documents the name "Fäbodliden" is used. The local population, however, have always used the name "Fäboliden", which is also the name the company has chosen to use.

Geophysics

Geophysics, the study of the earth's physical characteristics. Magnetic and electrical measurements as well as gravimetry are some of the geophysical methods used in exploration.

Geochemistry

Geochemistry, the study of the chemical composition of earth and its distribution of elements. Moraine, humus and deep moraine sampling are some of the geochemical methods used in exploration.

Indicated mineral resource

The part of the mineral resource that has a lesser degree of geological knowledge and

Inferred mineral resource

The part of the mineral resource that has a low degree of geological knowledge and reliability. Inferred mineral resource may not be included with ore reserves or with measured and indicated resources, and furthermore may not be used as a basis for financial estimations.

Measured mineral resource

The part of the mineral resource that has a high degree of geological knowledge and reliability.

Mineral resource

The part of the mineralization where its quantity, grade, specific gravity, form and physical properties are known through drilling and analyses and which permits a satisfactory interpretation of the geological picture for the mineralization to be continuous (uninterrupted). The mineral resource has to fulfill reasonable requirements of being economically extractable. An estimation of the measured and indicated mineral resource is sufficient to serve as a basis for a preliminary profitability study and can be used as a foundation for significant development and establishment decisions.

Mineralization

Concentration of minerals in the bedrock.

Minerals Act

The law that regulates exploration and extraction of minerals and metals.

Mother lode

When doing boulder tracing, the boulders transported by the ice are traced to the source, the "Mother Lode".

Ore

Older concept which means that a deposit is economically mineable, now called ore reserve.

Ore reserve

An ore reserve is that part of a mineral resource where economically feasible extraction has been shown through at least a pre-feasibility study.

Proven ore reserve

The part of the ore reserve that has a high degree of geological knowledge and reliability.

Probable ore reserve

The part of the ore reserve that has a lesser degree of geological knowledge and reliability.

Pyrrhotite

Magnetic mineral with the chemical formula FeS.

Pre-feasibility study

Preliminary feasibility study. A profi tability study, but of a lower level of detail and precision than a full feasibility study.

Profile

Cross-, length- or horizontal section.

RC-drill hole

Reverse Circulation, drilling method used to produce rock chip for identification and assays.

Rift zone

Rift in the earth's crust, area of spreading according to tectonic plate theory.

SGU

Sveriges geologiska undersökning.(Geological Survey of Sweden)

Sulfide ore

Mineable concentration of sulphide minerals, primarily copper, zinc and lead.

Tectonic

Tectonic movements in the earth's crust resulting in cracks, faults, folds and thrusts.

Troy ounce

Tr.oz .= 31.1035 grams, the unit of weight for precious metals. (Swedish = uns).