Noront explores mining complex for James Bay lowlands

Noront Resources Ltd. has announced a positive assessment of a standalone nickel copper platinum group metal mine and mill complex for the Eagle’s Nest deposit in the James Bay lowlands of northern Ontario.
“The preliminary assessment demonstrates a robust return on investment,” said Wes Hanson, CEO of Noront. “The project offers a number of business opportunities for the First Nation communities of Marten Falls and Webequie, the two communities closest to the project.
Opportunities to further improve the economics of the assessment include resource growth at Eagle’s Nest and grade increases resulting from recent infill drilling.”
The assessment estimates a breakeven nickel cut-off grade of between 0.3 per cent and 0.5 per cent. To date, the company’s exploration has focused on the discovery of nickel-copper sulphide deposits with grades greater than one per cent nickel, similar to that of Eagle’s Nest. The company continues to have a number of targets near the Eagle’s Nest deposit that are currently slated for follow-up drilling.
The lower cut-off grade estimated by the assessment increases the exploration potential as large tonnage, low grade mineralization now becomes a viable exploration target.