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: Is this new? Noront talking Conceptual Idea of Chromite Processing Plant

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http://resourceinvestingnews.com/49768-vertical-integration-junior-miners-lundin-freeport-mcmoran-noront-cobalt.html

Reports22 emerged last month that Noront Resources (TSXV:NOT23) may be considering building a chromite processing plant at its Ring of Fire project in Northern Ontario — presumably to handle ore from the company’s Blackbird chromite deposit.

Local news sources reported that Noront met with First Nations leader Peter Collins to discuss the potential for building a plant on native land in the area. The company’s chief operating officer, Paul Semple, confirmed that a captive process facility is a “longer-term project.”

“We’ve only been talking in conceptual levels,” said Semple. “We’ve gone and looked at that piece of land. We see the land and we see the power plant that’s across the river and it looks like it would all make sense for a facility of that nature.”

As chromite is similar to cobalt in that it produces a number of high-value products — such as ferrochrome — that require specialized processing equipment, it may make sense for companies like Noront to consider their development options carefully in order to maximize value.

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