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.)

over 14 years ago

Indicated	Nickel	Copper	Gold	Platinum	Palladium	Silver	Total
	$9.67	$3.33	$1,124	$1,560	$438	$16.69
	%	%	g/t	g/t	g/t	g/t
	1.96%	1.18%	0.15	1.12	3.91	3.81
	lbs	lbs	Ounces	Ounces	Ounces	Ounces
1ton has	43	26	0.004823	0.036013	0.125723	0.122508
value/ton	$415.81	$86.58	$5.42	$56.18	$55.07	$2.04	$621.10
% of value	0.66947	0.139397	0.008728	0.090452	0.08866	0.003292


Inferred	Nickel	Copper	Gold	Platinum	Palladium	Silver
	%	%	g/t	g/t	g/t	g/t
	2.39	1.27	0.13	1.37	4.5	4.21
	lbs	lbs	Ounces	Ounces	Ounces	Ounces
1ton has	52.58	27.94	0.00418	0.044051	0.144695	0.13537
value/ton	$508.45	$93.04	$4.70	$68.72	$63.38	$2.26	$740.54

average	value per	ton	for	Eagle 1a	is		680.8229