Info from IR

Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Boatboy

Rank: President [?]

Points: 7484 [?]

Votes: 238 Score: 3.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Info from IR

posted on Feb 19, 2010 08:32PM

Thank you for returning my calland providing us with your e-mail address.That was a good chat, you had some excellent questions for me.As mentioned, I've recently been added to the staff here at KWG reenhancing the shareholder communications program through 2010 and beyond.

As youalready know, when Cliffs acquired Freewest they took control of the 'Black Thor' and 'Black Label' chromite deposits.

Right now KWG Resources and Spider Resources have an 'equal interest' (26.5% - 26.5%) along with Cliffs (47%) in the 'Big Daddy' chromite deposit and that will continue as we move forward.

The key differences between KWG and Spider are as follows:

Please note some recent newspaper stories about KWG that you may find of interest.

*The link belowtouches on our relationship with CLIFFS NATURAL RESOURCES (NYSE - CLF) and the view to developing the 350 km railway infrastructure into the 'Ring Of Fire' strike area.

**Thunder Bay Chronicle reporting on the outcome of the Matawa First Nations - Mineral & Mining Symposium on Feb. 10th. KWG was there...

>http://www.torontosun.com/comment/columnists/christina_blizzard/2010/02/11/12845066.html

Below arelinks from the Februaury 3rd Thunder Bay-Chamber Of Commerce AGM. KWG was the keynote speaker at this event and we had aTV interview (video) and a CBC radio interview (audio only).

CBC Radio (audio only): >http://www.tbnewswatch.com/Video/Default.aspx?art_id=18442

We are sharing a booth at the PDAC this year and will be exhibiting on the Tuesday and the Wednesday only (*not the Sunday & Monday).

I'll be sending you a courtesy copy of all future press releases (via e-mail) as soon as they are made public. If you would prefer to not receive these periodic updates in the future, please let me know via return e-mail and I'll amend our database.

Please feel free to call us anytime with your questions.

Best regards,

Chris Meraw

Corporate Communications

KWG Resources Inc.

(416) 642-3575

(888) 642-3575 (Toll Free)

* KWG owns a 1% Net Smelter Royalty (NSR) on the 'Big Daddy' deposit as well as on the wholly owned Freewest (now Cliffs Natural Resources) property to the north, containing the 'Black Label' and 'Black Thor' deposits.

* KWG has Cliffs as a partner as a result of Cliffs approx 20% 'direct' ownership stake in KWG.

* KWG has staked the right of way for a 350 km. railway link that will connect the Ring of Fire to the existing rail lines on the north side of Lake Superior around Nakina.

4 Recommendations

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply