HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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I also don't expect a tripling. There may be triple the resource or more but it won't show on this next upgrade of the 43-101. More drilling needs to be done to include that much. Double is all that is needed as we are not a stand alone project anymore. There is more going on than just Noront to build all the infrastructure and 5-10mil tonnes will make the mine economic. Everything from that point on is extra mine life and bonus resource.

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