latest news...
Supplementary Prospectus
Please find attached the Supplementary Prospectus lodged with ASIC on 21 January 2010. Please read the Supplementary Prospectus and contact your professional adviser if you have any questions. Applications for shares made after 21 January 2010 must be made on the Application Form attached to the Supplementary Prospectus. The offer closing date is now 21 February 2010.
ASX Listing Timetable
Key Dates
Lodgement of Replacement Prospectus - 6 November 2009
Lodgement of Supplementary Prospectus - 21 January 2010
New Closing Date of the Offer - 21 February 2010
Last date for quotation of securities on ASX - 21 March 2010
The above dates are indicative only and may vary, subject to the requirements of the Corporations Act.
Introduction to Scandinavian Resources Ltd
Scandinavian Resources aims to establish itself as a major Nordic focussed Mining House.
The Technical Director is Mr Olof Forslund, who was previously head of the Sweden Geological Survey's Mineral Information Office in Mala, Sweden.
An outstanding portfolio of minerals explorations projects have been assembled in both Sweden and Norway. The Company is now seeking to acquire mining operations.
Scandinavian Resources plans to list on the Australian Stock Exchange in December 2009 and the Oslo Bourse in 2010.
Scandinavian Minerals Overview
The Scandinavian Shield generally covers Norway, Sweden and Finland.
Initially the Company will focus its activities in Sweden and Norway.
The Precambrian shield terrain of Scandinavia (the Fenno-Scandia terrain across Sweden in the west to Finland and Karelia in the east) has been and continues to be a major metal producing region of Europe, and when the vast Kiruna iron-ore body is taken into account, the world.
Metal production from the Kingdom of Sweden* is as follows:
| Iron | 24.7 Million tonnes (88.2% of E.U. production) |
|---|---|
| Copper | 63,000 tonnes of cathode bars (number 3 in Europe-8.8% of E.U. production) |
| Lead | 63,000 tonnes (number 1 in Europe-32% of E.U. production) |
| Zinc | 214,000 tonnes (number 2 in Europe-26% of E.U. production) |
| Gold | 167,200 troy ounces (number 2 in Europe after Finland-23.2% of E.U. production) |
| Silver | 323 tonnes (10.385 million ounces) number 2 in Europe-18%. |
*2007 figures from Statistics of the Swedish Mining Industry, SGU publication.
Overall, Sweden has major resources of iron, copper, zinc, lead, silver, gold & molybdenum with currently 15 mines in production (Lundmark pers com): the main mining centres are Kiruna (LKAB) with 25Mtpa of iron ore production; Aitik (Boliden) with 18Mtpa of low grade copper-gold-molybdenum ore production (plans for expansion to 36Mtpa by 2011), and Gällivare (LKAB) iron ore production.
For a complete description of the history of mining and mineral occurrences in Scandinavia please refer to the following:
(a) Sweden – Sweden Geological Survey at www.sgu.se/sgu/en/
(b) Norway – Geological Survey of Norway at www.ngu.no/en-gb/
(c) Finland – Geological Survey of Finland at http://en.gtk.fi/
.JPG)