Summary of results for the year 2007 Fourth quarter: * On October 19 the Company announced increased gold resources of the Fäboliden Gold Project. * Negotiations with the Environmental Court to open a new mine with processing plant at Lappland Goldminers' flagship, Fäboliden, were completed on October 25, after 5 days of negotiations. The Environmental Court announced a court ruling on December 21 granting permission to the Company. * In October-December a group of Australian expert geologists initiated work on creating a 3D model for the Haveri Gold Project, using existing data. * The exploitation concession granted February 2007 by the Mining Inspectorate, for the Stortjärnhobben Gold Project, has now become legally binding, after an appeal by Vapsten's Same Village was overturned by the Government on December 6. * On November 15, the Company made a conditional agreement to acquire the shares of Blaikengruvan AB and ScanMining OY from ScanMining AB. The required conditions have not been fulfilled, and a binding agreement has thus not been arrived at. Third quarter: * Deep drilling in the Fäboliden gold deposit indicated that the gold zone continues underneath the entire open-pit position, down to a depth of at least 550 m. * Analysis of one boulder encountered during excavations in Gubbträsk, showed grades of over 30 % lead and 283 g/t silver. * The Company strengthened the organization by hiring a project manager for Fäboliden and a Chief Geologist who is now responsible for the geological activity in Sweden and Finland. * The Company announces decision to get listed on the Olso exchange. The target is for the first day of listing to take place in the beginning of 2008. Second quarter: * A new stock issue injected a capital of SEK 100 million, before costs of issue, into the Company. * The environmental court at Umeå announced Lappland Goldminers' application for a min and a processing plant at Fäboliden in the municipality of Lycksele on April 10. At this point in time the Environmental Court concluded that the application was complete and sufficient for processing and decision. * "Inferred mineral resource" for Gubbträsk gold-, zinc-, lead- and silver mineralization was announced in a press release on June 13 showing: * Gold mineralization: 700,000 tons with 1.6 Au g/t * Zinc-lead-silver mineralization: 2,100,000 tons with 1.2 Zn %, 1.1 Pb % and 11 Ag g/t. * The Company acquires all of the gold projects in Finland from the Canadian company Northern Lion Gold Corporation, including the Haveri Gold Project situated on the extension of the Gold Line in southwestern Finland. Mining for copper, gold and cobalt was taking place at Haveri during the years 1942-1962. The project is considered to have a good potential for gold. First quarter: * An initial calculation of the mineral reserve at Fäboliden was carried out by the independent consultant Thomas Lindholm, GeoVista AB (registered as Qualified Person, QP, by SveMin) showed * a proven ore reserve of 20.57 million tons, with a grade of 1.43 g/ton Au, equivalent to 29.6 ton gold. and * a probable ore reserve of 0.29 million tons, with 1.12 g/ton Au, equivalent to 0.32 ton gold for the planned open-pit mining down to a depth of 200 m. * The exploration work was increased from 3 to 6 drill rigs, of which 4 were operating in shifts at Fäboliden. The major drilling effort was for the deep drilling program between 200 - 550 m at Fäboliden. * During the first quarter there has been 40 drill holes completed, totaling 10,395 m, of which 29 holes totaling 8,803 m were at Fäboliden * The decision by the Mining Inspectorate to grant an exploitation concession for a gold mine at Stortjärnhobben was appealed by Vapsten's Same Village. The matter was turned over to the government for review Events after the end of the reporting period * Three land owners and Naturvårdsverket (the Environmental Agency) appealed the ruling by the Environmental Court to grant the Company permission to establish a new mine with processing plant at Fäboliden. The Environmental Court of appeal, in a ruling, denied the Company's request for an order of implementation in the same matter. This in spite of the fact that Naturvårdsverket and the County Administration had no objection to such an order. The matter will be delayed at the most until September 9 - 11, which is when a date has been set for negotiations. The Company is now intensively working on arriving at a solution so that the issues preventing an order of implementation are resolved during the spring, without having to wait for negotiations in September. * Successful drilling has been completed at the Knaften gold project. The best results from the 2007 tests are found in drill holes KNA200707 from section 83.5-93.5 m, 10 m with 3.20 g/t Au, KNA200714 from section138.80-143.80 m, 5 m with 4.27 g/t Au, KNA200715 from section118.80-123.80 m, 5 m with 2.89 g/t Au, KNA200719 from section14.50-17.50 m, 3 m med 3.42 g/t Au. Gold mineralization of 1-10 m section length has been found in 11 of the 14 thus far reported drill holes from 2007. * The administrative Court of Appeals in Sundsvall, in a February 14, 2008, ruling, concurred with the decision by the MiningInspectorate to grant a number of exploration permits. This means that the previous ruling by the Norbotten County Court (after appeals from the Vapstens sameby) was overturned. The County Court ruling, which concerns 19 exploration permits which had previously been granted for 7 different companies, was thereby cancelled. Lappland Goldminers AB holds 10 of these permits. P/L of fiscal period The most important goal of an exploration company that is focused on becoming a producer is to transform funds raised through financing into increased ore reserves and mineral resources, and to develop the projects technically and economically. During the fiscal period the company has continued its explorations on a large scale on several objects. The company capitalizes expenses on mature project, and due to this the P/L reported depends both on the total expenditures and also on the relative distribution between mature and early projects. P/L for the first quarter is SEK -2.0 million (previous year 2.1) and for the entire fiscal year SEK -10.9 million (previous year -16.0 million). Financing A directed new stock issue during the period has injected a capital of SEK 100 million into the company. Share capital Lappland Goldminers' registered share capital at the end of the fiscal period amounted to SEK 1,208,027.22 divided among 60,401,361 shares with a quota value of 0.02 SEK. The accounts in this report are based on this number of shares. During the second quarter of 2007 the Board of Directors, with authorization from the AGM 2006, decided to issue a directed cash new issue, as mentioned above, of 5,000,000 shares at current daily price of SEK 20.00. The new issue was registered and the Swedish Companies Registration Office on 5/9/07. The Annual General Meeting of 2007, which was held at Hotell Lappland in Lycksele on May 30, decided to issue 1,333,000 stock options. Lappland Goldminers has issued 1,333 000 stock options as per a decision made at the general meeting on May 30, 2007, but has not issued any negotiable instruments of debt. The effect of the warrant options, which were assigned in 2008, will be reported in the Q1 report for 2008 The annual meeting also decided to authorize the Board of Directors to - on one or several occasions before the next annual meeting - decide on a new issue of a maximum of 10 million shares and to at this point also decide on the share holders' preemptive rights.. The new issue will be payable with either cash or equivalent or with capital contributed in kind. Personnel/consultants The Company has 13 employees. In addition to this the company engages consultants and contractors for various projects on a continuing basis. Altogether the company engages the equivalent of 40 full time employees. Reporting dates * Notice of year-end statement for fiscal year 2007 will be released on February 28, 2008. * Interim report for the period January- March 2008 will be issued on May 30, 2008. * Interim report for the period January- June 2008 will be issued on Aug 29, 2008. * Interim report for the period January- September 2008 will be issued on Nov 28, 2008. * Notice of year-end statement for fiscal year 2008 will be released no later than February 27, 2009. Lappland Goldminers AB is an exploration company with the goal of becoming a producing mining company. The company is listed on the market place "First North" under the name GOLD, with Mangold Fondkommission AB as the Certified Advisor, as well as the OTC list of the Oslo exchange. Lappland Goldminers has secured a number of gold deposits along the so-called Guldlinjen ("The Gold Line") in Västerbotten. The Company's strategy is to develop a profitable, producing gold company with a centrally located processing plant in Fäboliden, Sweden, and in the Haveri area in Finland, which is supported by ore from one or several mines either through the Company's own exploration or alternatively through acquisitions. The company is a member of SveMin, the trade association for mines, minerals and metal producers in Sweden (formerly called the Swedish Mining Association) and follows SveMin's reporting rules for public mining and exploration companies. Leif Carlson and Karl-Åke Johansson, who are registered as "Qualified Persons" by SveMin, have compiled the technical aspects of this report Lycksele February 28, 2008 Karl-Åke Johansson CEO For additional information please refer to our webpage: www.lapplandgoldminers.com or contact Karl-Åke Johansson, CEO Tomas Björklund, Director karl-ake.johansson@lgold.se tomas.bjorklund@lgold.se Ph. +46 950-275 01, +46 70-625 22 57 Ph. +46 70-662 35 35 The full report including tables can be downloaded from the following link:
Lappland Goldminers AB: Notice of end of year statement 2007
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