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.)

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Re: The Xstrata Riddle

Noront Resources

over 14 years ago

in response to rapidrob's message

One possible reason Xstrata has shown little interest yet, is that they are in the process of deciding on if they should spend approx 4 billion on the Koniambo nickel latererite project or not. Great grades and huge orebody, a main question is capital costs. At some point they have to committ otherwise they loose the rights of that orebody.