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: Back up to Solar and windmills not a problem anymore & Good for NORONT.

Vanadium batteries are going to be a cornerstone to renewable energy in the future, but they are a long way off. They are very difficult to make, and even moreso... difficult to manufacture on a large scale (to date). They will perfect them over the next five to ten years and they will likely also end up in electric cars, peoples homes (to assist with the day-time/night-time fluctuations from rooftop generation) and in condition sensitive renewable energy applications such as wind and solar. The problem is, that this is a long way off and betting on that is speculation at this point.

Vanadium is however used as an alloy in high strength steel applications and therefore that market follows the iron and steel market closely... which by the way is projected to increase by at least 6% annually for the next decade... promising, none the less as one of our major partners is Baosteel.

Kegs

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