Västerbotten Investment Agency

Viscaria K7 mining exploitation concession granted

december 8th, 2014

The Viscaria K7 Mining Exploitation Concession application over the northern portion of the A Zone and B Zone copper deposits was granted on 27 November 2014. Approved Mining Exploitation Concessions are now in place over all of the main mineralised zones at Viscaria.

The grant follows the amendment to the Kiruna town planning act in December 2013 to allow for the grant of an Exploitation Concessions over an area which includes power generation windmills and a power line which crosses the northern parts of A Zone and B Zone copper deposits.

Avalon’s Managing Director, Mr Malcolm Norris said, “This is a significant development for Avalon Minerals. We are progressing the Viscaria Project towards development and systematically de-risking the project.

This development also demonstrates the ability to progress mining development projects in Sweden through a process of application, stakeholder review, and consideration by various government entities.

We are very encouraged by this progress and it aligns with Avalon advancing technical aspects of the project. We have recently completed some drilling into the oxide copper zone at D Zone (see ASX announcement dated 18 November 2014) and we are about to commence drilling at A Zone to assess targets adjacent to the main mineralised zone.”

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