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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Message: Ferrachrome processing

On the weekend I posted information in regard to ferrachrome being produced from samples supplied from the Black Thor deposit. I had found that information on the Xstrata Process Support website. One statement in there that concerned me was this; "With the support of Cliffs, the pilot scale furnace is now fully operational and producing larger scale test results."

It says with the support of Cliffs, so I was wondering to myself if Cliffs would have any influence on what ore is tested at this facility. I contacted XPS this morning and asked the question. They assured me that XPS runs a completely independent facility.

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