Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

almost 15 years ago

and losing all the tremendous upside potential of the Ring of Fire. The results this morning from NOT are good but I would of liked better of course. However, we are no where near done finding mineralization down there at Eagle's nest and along the RFI where we own the majority of very prospective land. The other thing is that if we do win over 30% of this (my bet is for 39%) we will be in control of FWR and command a consolidation premium. I think that even with the dilution that 100M shares will add, we will have a higher SP based on consolidating the RoF and adding 60M tons of chromite.

Very interesting times,

Glorieux