Northern Iron Corp. (TSXV:NFE,OTCQX:NHRIF,FWB:N8I) reported its first annual summary of significant exploration and operational activity.

Northern Iron’s President and CEO, Basil Botha said:

We are extremely pleased with the progress the Company has made toward qualifying and quantifying our estimated mineral resources, and ultimately in establishing Northern Iron as a North American supplier of premium concentrated raw material for use by domestic and Asian foundries hungry for supply of near pure forms of DRI (direct reduced iron). Though we have been on the ground on our properties for just eight months, we are on-track to achieving both our near term exploration and strategic partnership goals, and our mid-term goal of addressing the global shortfall of DRI.

Click here to read the full Northern Iron Corp. (TSXV:NFE) press release.