SITE ACCESS ROAD

The Eagle One Deposit site is currently not accessible by road. It is assumed that a permanent

access road would be required from Nakina via Martin Falls to the project site. Road

construction from Martin Falls to the site could utilize glacial eskers in the area which would

facilitate road building and lower construction cost. Gravel road construction costs were based

on a 7 m wide road bed which allows haulage truck travel speeds of at least 60 to 70 km/h.

Based on a limited amount of information on topography and lay of the land the estimated cost

of access haul road construction is $306,000 per kilometre, excluding EPCM and contingency,

as summarized in Table 1.9.

TABLE 1.9 – ACCESS ROAD COST ESTIMATE / km

Noront Resources Ltd. - Eagle One Preliminary Economic Assessment

Description $000’s/km

Road Construction Estimate (Based on GBN) 225

Culverts m per km (Based on Premier Ridge and GBN) 6

Bridge Cost per Km (Based on Premier Ridge) 75

Total Road Construction (W/O EPCM and Contingency) 306

Noront’s share of the total estimated cost of road access is approximately $62.3 million. A

summary of this estimate is presented in Table 1.10.

TABLE 1.10 – ACCESS ROAD COST ESTIMATE

Noront Resources Ltd. - Eagle One Preliminary Economic Assessment

Description Km Current Status

Government

Share

Noront’s Share (C$ M)

Nakina to End of HW 584 84.3 All-Weather Road

Nakina Winter road to Marten Falls 114.2 Winter Road 50% $17.5

Martin Falls to Eagle One 146.4 Non Existent Road $44.8

Total Noront’s Share $62.3

The portion of access road between Nakina and Martin Falls is assumed to be on a 50% cost

sharing bases with the Ontario Provincial Government. In addition, to facilitate major river

crossings of the Attawapiskat and the Albany Rivers, two Barges / Ferries, at an estimated cost

of $2.5 M each, have been included in the capital cost estimate.