Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Wyloo not interested in rail early on

Giacovazzi agrees with the plan to move material out of the Ring of Fire by road, rather than a suggested railroad or slurry pipeline, noting there are "residual benefits" that a road provides to the First Nation communities and the entire region.

"For the moment, the road makes the most sense."

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https://www.sootoday.com/local-news/wyloo-metals-would-revisit-sault-ferrochrome-plant-decision-if-successful-in-bid-for-noront-resources-3851247

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Their plan seems similar to Noront's, road now, rail later when chromite is mined, possibly be another spin off company...

On Wyloo's chromite strategy, Giacovazzi said more study needs to be done before they can make an informed decision on spinning off those deposits into a separate company and doing a joint venture or arranging a streaming deal with another mining company.

 

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