No surprises if you've been following along.

Company Overview: The Company owns a 100% interest in three nickel‐copper‐platinum group metal discoveries known as “Eagle’s Nest”, “Eagle Two”, and “AT‐12”

Company Review and Outlook: Eagles' Nest: Feasability study expected Q4-FY2012, after which Noront will consider options for financing the mine and mill complex, including off-take arrangements with Baosteel. Pre-feasability study completed, Environmental Assessment approval process proceeding, business plan for stand-alone access corridor to McFauld's under development.

No drilling at Eagles' Nest for the past 6 months; ~90% of drilling was at Blackbird with ~10% for "regional" over the past 6- and 3-month periods.

Assay results for drilling area proximal to Eagles' Nest are expected Q3-FY2011, i.e. by December 31, 2011.

AT-12 will be explored during the winter drill program "if sufficient financing is available". (maybe this is what the recent PP was all about? "Funds... will be spent on eligible exploration on the McFauld's Lake Project")

Company has enough cash for completing all budgeted activities through Q4-FY2011, ending April 30, 2012. Additional funds will be required for FY2012. Working capital is $12.657M as of October 31, 2011.