HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Extraction
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Dec 20, 2010 04:01PM
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Dec 20, 2010 07:01PM
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Dec 20, 2010 07:48PM
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Dec 20, 2010 08:32PM
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Dec 20, 2010 09:48PM
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Dec 20, 2010 10:33PM

I believe the plan is to truck the concentrate out on permanant road. It does not say but is the normal way of doing it, The rail would be needed for chromite and not for the high grades of Noront. If noront was going open pit with raw unprocessed low grade ore being transported to somewhere like Thder Bay or Sudbury, then rail would be needed. The rail is Cliffs propaganda.

After numerous trade-off studies and evaluations, the Project, as defined in the PA, is summarized as follows:

    <<
    -   1.0 million tonne per year throughput rate;
    -   underground mining of the Eagle's Nest Ni-Cu-PGM deposit;
    -   all major facilities (including the mill) would be located
        underground;
    -   tailings would be stored underground as cemented fill;
    -   minimal surface disturbance;
    -   construction aggregate would be sourced from underground waste rock;
    -   the existing winter road from Pickle Lake to Webequie would be
        upgraded to an all-season road;
    -   a diesel power plant would be located near Webequie and a
        transmission line would provide power to the mine site;
    -   a slurry pipeline would be used to transport concentrate from site to
        a filter plant located near Webequie;
    -   initial mine production would be from an internal ramp; and
    -   a winze (internal shaft) will be developed by year three to access
        the lower levels of the deposit;
    >>

The planned infrastructure includes an all-season road, power line, and winter roads during construction. This infrastructure will benefit other companies and local communities. Although the Project could carry 100% of these costs, the PA assigned 25% of the all season road, 50% of the power line and 50% of the winter road costs against the Project.

The submerged slurry pipeline and power transmission line will greatly reduce traffic between Webequie and the Project site, eliminating the need for all season road access. This, in turn, significantly reduces the Project's environmental impact on the wetlands. The Company believes that all construction materials can be transported to site utilizing a winter road network and critical spares can continue to be transported by air.

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