For about a year, Golder Associates has been conducting a feasibility study for Nordic Iron Ore on the conditions for restarting the mine in Blötberget. Towards the end of June, it was announced that the ongoing study was delayed, but that Golder was planning to complete the study towards the end of July or early August 2019.

A draft report covering all technical parts was presented at the end of July and the company submitted its comments. Work on incorporating these views is still ongoing, but Golder Associates' assessment is that they will be able to submit an updated version during the current month. Nordic Iron Ore will review the report and if no further adjustments are deemed necessary this will be the final report.

"It is regrettable that the report has been delayed, but we do not believe that this will lead to significant negative consequences for us and we look forward to taking the next steps forward in the project, ”says Nordic Iron Ore's CEO Lennart Eliasson.