Noront Resources acquires, explores and develops mineral properties with a focus on the Ring of Fire in Northwestern Ontario. We explore for base and precious metals, including nickel, copper, platinum group metals, chromite, iron, titanium, vanadium, gold, and silver.
Eagle’s Nest, Blackbird and Black Thor
Noront currently has three near-term development projects in Ontario:
- We hold a 100% interest in Eagle’s Nest, one of the largest, undeveloped, high-grade nickel sulphide deposits in the world. Eagle’s Nest has positive project economics and is supported by an independent feasibility study.
- Our 100% owned Blackbird chromite discovery is located less than 1 km from Eagle’s Nest. It is a significant global chromite resource and part of the Ring of Fire chromite discoveries located in the James Bay Lowlands region of Northern Ontario.
- Our newly acquired 100% owned Black Thor chromite deposit is located 8 km to the northeast of Eagle’s Nest and is the largest chromite discovery in the Ring of Fire.
Noront also has a 70% interest in the Big Daddy chromite deposit, a 100% interest in the Black Label deposit, and an 85% interest in the McFaulds copper-zinc occurrence.
Our goal is to establish commercial production at Eagle’s Nest three years following permitting, and to use the estimated $150 to $200 million in annual cash flow to develop our chromite assets and fund future exploration in the Ring of Fire. This development will be done in true partnership with local First Nations, contractors, suppliers and communities of Northern Ontario.
As of April 2015, Noront controls 360 claims in the Ring of Fire area covering approximately 80,000 hectares. In this land package Noront holds additional mineral occurrences including Eagle Two, Triple J, AT12, Thunderbird, Kyle and Macfadyen.