RESUME. BO R. ARVIDSON, PhD, QP. Global leader in mineral processing areas and related consulting.

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1 Page1 Global leader in mineral processing areas and related consulting. PERSONAL DETAILS Nationality: Swedish, American Place of residence: Lakewood, Colorado, USA Languages: Swedish (mother tongue), English, (fluent), German, some French Telephone: , mobile Web site: AREAS OF SPECIALIZATION Project Management To define, plan, manage, co-ordinate and follow up major projects. Strategy planning, execution of projects on time and on budget from initial scoping studies, through feasibility study stages to plant design, implementation and commissioning. Contract negotiation and procurement management. General Management Top level company management, business start-up and development, company merger and restructuring. Mentoring and training in various areas. PERSONAL ATTRIBUTES Outstanding analytical capability. Useful for troubleshooting in both technical and financial/business areas Ability to think out-of-the-box, resulting in numerous innovative solutions and patents Extraordinary management/leadership skills Extensive global business and market development experience Gets the job done

2 Page2 REFERENCE PROJECTS AND APPOINTMENTS (references on request) January 2006 Present Bo Arvidson Consulting, LLC Consultant Consulting for 3M (USA), a Colorado School of Mines consortium (USA), a major South Korean company, NYCO Minerals (USA), US and Canadian iron ore companies, prestigious US and Canadian engineering companies, a Brazilian company, a South African company, Ukrainian based companies and several other US, Canadian, Australian and European companies. Working on all mineral processing unit operations from comminution to end concentrate products and new separation equipment development. Principal Technical Consultant, Northland Resources AB, responsible for development of efficient, robust processing of challenging ores and instrumental in successful process plant commissioning. Plant operation reached full design production at target quality and recovery level in record time, exceeding industry standard availability, lower than estimated OPEX and maintained CAPEX at desired level. In addition to world recognized expertise in iron ore processing (both magnetite and hematite), significant contributions in numerous industrial mineral processing areas, e.g., andalusite, wollastonite, graphite, feldspars, quartz (including ultra-high purity) etc., see web site. Engaged in gold projects in various stages of development together with outstanding associates with specialized knowledge and experience in all related areas. Developed a statistically significant mathematical process plant model for a major iron ore plant to be used for want-if scenarios regarding ore blend feed. Major contributions in several feasibility studies and due diligence projects. January 2006 December 2006 Outokumpu Technology, Inc. (now: Outotec), Physical Separation, Jacksonville, Florida Sr. Consultant (on retainer, part time) Global technical support of new Wet High-Intensity Magnetic Separator (WHIMS). Other support as requested by Jacksonville staff (e.g., market development support, trouble shooting, general technical support).

3 Page3 December UltraSort Pty Ltd, Australia (now part of Tomra) Consultant. Sales support in North America for electronic ore sorters (optical, radiometric, conductivity/magnetic) and global business advisor. November 2004 December 2005 Outokumpu Technology, Inc., Physical Separation, Jacksonville, Florida Sr. Consultant (on retainer) Special assignments: Business development in Southern Africa and global commercialization of new Wet High-Intensity Magnetic Separator (WHIMS). General magnetic separation technology support, physical separation technologies support including evaluation of new technologies. Project manager, sales supporter/mentor, business advisor and staff recruiter. June 2001 October 2004 Outokumpu Technology, Inc., Physical Separation, Jacksonville, Florida President of Outokumpu Technology Inc., Physical Separation Division (Carpco- Inprosys), Jacksonville, Florida Built up business momentum, developed stronger global business position, strategic marketing developments, enhanced key technologies and led the unit to a profitable level. Initiated and drove several technical developments in electrostatic, magnetic (rare-earth and superconducting) and gravity separation technologies. Several patents. The business was raised to a highly profitable level due to the new direction implemented. Resolved challenging internal and external issues and successfully improved customer relations. Directed critical projects in the Middle East, India and China. February - May 2001 Senior V.P. of Outokumpu Technology, Physical Separation Division Initiated developments, see above, after merger of Carpco and INPROSYS.

4 Page4 July February 2001 International Process Systems, Inc. (dba INPROSYS), Golden, Colorado Founder and President A global leader in magnetic separation technology, primarily related to rare-earth magnets. Developed numerous (80+) new or improved mineral processing applications. Several inventions and patents. Added other physical mineral separation technologies (electrostatic and gravity), high-efficiency air classifier, eddy-current separation, new innovative photometric sorting. In a few years brought sales to over $5 million. Gained No. 1 market position in rare-earth magnetic separation equipment. Developed market organization with major strengths in the USA, Australia, China, Europe and South Africa. Business in 72 countries. Implemented ISO Developed cost-effective manufacturing of products through close cooperation with designers and vendors. January July 1990 OSNA Equipment Inc. (a.k.a. Ore Sorters North America, Inc. and Bateman Equipment Inc.), Lakewood, Colorado (including a year in South Africa) Product Manager and V.P. Marketing Developed the first rare-earth magnetic roll separator and modeled a prototype superconducting magnetic mineral separator through extensive factorial testing. Posted at a customer facility to lead a j.v. development project. Evaluated superconducting magnet manufacturers. Marketing of photometric and radiometric ore sorters moving the ore sorter business to a highly profitable level for the first time in history. Pioneered new magnetic separator technology and numerous new applications. Introduced linear screens and interstage carbon screens for gold ore processing outside the South African market. Evaluated fine gold gravity separator (Knelson concentrator) and obtained agency. Doubled the global population of the Knelson Concentrator in 6 months. Generated business from 0 to the 6+ million level with outstanding profit in a few years.

5 Page5 January December 1980 Amax Extractive R&D Inc., Golden, Colorado Section Head, Basic Research Initiated several new mineral process developments, a few patent applications. Worked mainly in the field of physical separation, and also with flotation process improvement, grinding modeling and overall plant efficiency enhancement. Developed a fine wolframite recovery flowsheet with complete cost estimates. A feasibility study indicated potential to generate a 26% ROI. July December 1978 Sala Magnetics Inc./Sala International AB, Cambridge, Massachusetts Technical Director High-Gradient Magnetic Separation (HGMS) applications developments, separator developments (among these, the world s largest high-intensity magnetic separator). Investigated superconducting technology for mineral separation. One critically important patent. Developed iron ore HGMS market. July June 1974 Gullätt/Gullhögens Bruk AB, Sweden Plant Superintendent, Development Engineer Trouble shooting of disastrous new pyro-processing plant, performed plant commissioning, developed innovative processes and implemented refurbishment of the plant. Plant capacity reached 300% of original target. July 1965 June 1970 Mineral Dressing Division, Royal Institute of Technology, Stockholm Research Engineer, Teaching Assistant Industrial research projects, developed new model for water structure at mineral surfaces, fundamentals of agglomeration, flocculation, rheology of slurries and bulk solids, basics of triboelectricity (including development of a unique instrument for

6 Page6 measuring electric charges). Several findings later used in silicosis research and agglomeration technology. OTHER WORKING LIFE EXPERIENCE (detailed description on request) Colorado School of Mines lecturer, Keynote speaker at a conference, seminars for companies such as LKAB. Numerous presentations at SME and Indutrial Minerals conferences. EDUCATION/TRAINING 1966 Bergsingenjör (MSc -Mining/Mineral Processing), KTH (Royal Institute of Technology), Stockholm, Sweden 1972 Tekn. Lic. (equivalent to PhD in most countries), KTH (Royal Institute of Technology), Stockholm, Sweden In-company seminars, Colorado School of Mines course in Financial Evaluation, ISO certification and more. QP (Qualified Person) according to National Instrument

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