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: TB will benefit from ROF says Alan

Thunder Bay will benefit from promised Ring of Fire road, says Noront Resources president

Alan Coutts promises spinoffs for the northwest even though Sudbury will process the first minerals mined

CBC News Posted: Aug 22, 2017 10:06 AM ET Last Updated: Aug 22, 2017 10:53 AM ET

Noront Resources' president says Thunder Bay can expect to benefit when it gets its mining operations up and running in Ontario's far north. (Jeff Walters/CBC)

Thunder Bay, Ont., can expect to benefit as a hub for mining activity in northwestern Ontario, now that there's a deal in place to construct road access into the Ring of Fire, a mineral-rich area in the province's far north.

The province announced on Monday that it has reached a deal with three First Nations in proximity to the Ring of Fire — Webequie, Nibinamik and Marten Falls — to facilitate all-season road access into the region and connect the communities to Ontario's highway system.

The absence of a year-round road to the region has been a key reason why little mining activity has actually taken place.

"Noront already has an office in Thunder Bay.  It's where we service our site from," said Alan Coutts, the president and chief executive officer of the mining company. "We envision having, when we go into production, regular flights to the mine site from Thunder Bay and hiring from the local community."

 On Monday, the province announced plans for an all-season road that would connect three remote First Nations to Ontario's highways and facilitate access to the Ring of Fire. (CBC)

Going into production is still a ways off, even with Monday's announcement, Coutts said. Assuming environmental assessments are completed without issue, construction on the proposed road isn't scheduled to begin until 2019. Coutts estimated the Eagle's Nest site could begin shipping mineral concentrates in five years.

Even though the minerals expected to be mined from that location would be processed in Sudbury — Coutts said the northeastern Ontario city already has two existing nickel smelters — Thunder Bay will play a role.

"A lot of the support vehicles, trucking services, a lot of the goods and supplies will come through Thunder Bay," he said.

As far as planned, subsequent mining efforts for chromite go, Coutts said the company expects to make a decision by the end of the year about where the necessary processing facility for the mineral will go.

The company has narrowed its field down to Timmins, Sault Ste. Marie, Sudbury and Thunder Bay.

 

"The chromite, we're very excited about, because, I mean, we'd like to do that quickly on the heels of the Eagle's Nest development," he said. "Get Eagle's Nest up and running, get cash flows from that project that would help us finance the first chromite mines."

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