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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Fossil, it has been stated by Noront a few times that they are going to mine eagles nest first and so this money I think will be used in part to continue to add tonnage and/or more understanding of the deposit

Strato.....Thanks for a fast response.Since Baosteel's stated interest was/is Chromite

maybe that is the reason they sit in the background and wait.

GLTY and all.

Fossil

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