Financial Post reported an interview with Noront Resources Ltd (TSXV:NOT) President and CEO, Wes Hanson who discusses a feasibility study at its Eagle’s Nest nickel-copper-platinum group metals mine.
Noront’s President and CEO, Wes Hanson said:
You’re looking at, on average, about one gram per tonne of platinum and 3 to 3.5 grams per tonne of palladium, so it’s a fairly high-grade system. It would be quite profitable in its own little right, if it were beside a road somewhere in Canada.
We’ve identified about 2.2 million ounces of platinum and 750,000 to 800,000 ounces of palladium in total resource. So there is some definitely some value there. Certainly platinum and palladium could contribute about 15% to the total revenue stream right now, but that’s all subject to change as metal prices fluctuate. The future of platinum and palladium, just like the future of nickel, looks very strong. We’re bullish on all three metals, and the fourth metal we have is copper, and we’re bullish on that as well.