Noront Resources Announces Feasibility Study for Eagle’s Nest Nickel-Copper-PGE Mine

Noront Resources Ltd. (TSXV:NOT) announced feasibility study results for a stand alone nickel, copper, platinum group element mine and mill complex exploiting at the Eagle’s Nest project. Beyond its high-grade nickel, copper and platinum mineral reserves, Eagle’s Nest also  has a proven and probable mineral reserve of 3.09 g/t palladium.

Noront’s CEO, Wes Hanson said:

The decision of the Province of Ontario to financially support the north-south road corridor pending certain approvals is a very positive development in unlocking the mineral wealth of the Ring of Fire. Our discussions with the Province have confirmed that the all-season road will be accessible to all industrial users including Cliffs and that the costs to use the road will be based on proportional usage, a critical consideration for Noront as our concentrate shipments represent less than seven percent of the currently identified ore haulage along the corridor. We are currently focused on site work in advance of project development as we evaluate opportunities to finance project construction.

Click here to read the Noront Resources Ltd. (TSXV:NOT) press release.