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: Ring of Fire Round table in North Bay

"Mr Couttes stated that Noront would be the first company that China railway (FSDI) would approach."

What probably happened is that there appeared to be slim chances on geting the permits. You do not throw money on projects if you do not see possibility of completion in reasonable time. Just how long is Noront waiting, is it an environmental permit? It has been so long that I hardly remember when or what.

Second, Noront does not have the right of way on the best route for rail, KWG does.

Hence when it comes to rail, KWG is the one to deal with.

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