Scandinavia

Newgenco Exploration (Fennscandia) Pty Ltd (“NEF“) is a private company that was incorporated in Australia in October 2008.

In November 2008, NEF signed a 3-year strategic exploration targeting alliance with TSX- and LME-listed First Quantum Minerals to explore for large magmatic nickel-copper-platinum group element sulphide (Ni-Cu-PGE) resources in Finland, Norway and Sweden. First Quantum is one of the world’s fastest growing copper producing companies and 100% owner of the Kevitsa Ni-Cu-PGE deposit in northern Finland.

On 30 November 2009, First Quantum reported that its Board of Directors had approved the development of the Kevitsa project. Commercial production is targeted for mid-2012.

NEF is currently preparing for its second year of field operations in Fennoscandia.

Officers

Managing Director: Peter Williams

Exploration Manager: Rebecca Sproule

Address

64 McKenzie Street, Wembley WA 6014 AUSTRALIA