Massive Black Horse Chromite Discovery

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

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Message: Destination for the Chromite Oar

"As we are all aware, the Ring of Fire location has significant potential for a range of minerals, but the single biggest challenge facing the region's development is its remoteness and lack of existing infrastructure. To make this project a reality and to open up the Ring of Fire for further development by other mining companies, significant transportation investment is needed. We have studied many routes and modes of transportation, and have concluded that an all-weather road running north from Nakina will make the most sense from the short- and long-term economic standpoints."

Mr. William Boor (Senior Vice-President, Global Ferroalloys, Cliffs Natural Resources Inc.) testfying on February 14, 2012, 41st PARLIAMENT, 1st SESSION Standing Committee on Natural Resources

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