Thank you for your email. In response to your questions, please see below:
The chromite work is delayed due to COVID-19. We are looking to advance the chrome PEA in the second half of 2021.
The Eagle's Nest revised feasibility study process is staring, with an updated PEA near year end. The PEA will update the project economics with current metal prices and exchange rates and will establish a cobalt resource for Eagle’s Nest.
The local First Nations communities are leading the development of the road. There are at least 2.5 more years of environmental studies prior to construction beginning. An overview of the community led projects and links to their websites can be found here: https://norontresources.com/about/regional-infrastructure/
We were pleased to see Wyloo metals take a cornerstone position in Noront attracted by the portfolio of critical commodities required to decarbonize the global economy.
You can also view the latest version of our corporate presentation on our website, here: https://norontresources.com/investors/presentations/
Should you have any further questions, please let me know.
Sincerely,
Sydney Finnigan
Associate, Communications
Noront Resources Ltd.
212 King St. W, Suite 501, Toronto, ON M5H 1K5
T: 416-367-1444 ext. 114 | F: 416-367-5444 | C: 647-991-1902
www.norontresources.com
