Niobay Metals Inc. (NBYCF)

[roberttatge]

RING OF FIRE: PLANNER

Ring of Fire Development

Noront continues to work closely with the provincial government and First Nation communities to gain commitment on a shared use access road. As previously announced the company is planning for the construction of its first mine, Eagle’s Nest, in 2018 which it expects will be followed by the development of its Blackbird chromite mine. To meet its internal deadlines, Noront requires construction of the shared access road to begin in early 2018.

“We recently reviewed a new mandate letter sent by the Premier of Ontario to the Minister of Northern Development and Mines and we were pleased to see ‘Developing the Ring of Fire’ listed as the top priority,” said Noront President and CEO, Alan Coutts.

The Premier set a target for commencing road work to access the region by 2018 that dovetails with Noront’s planned construction timetable for Eagle’s Nest. In order for the provincial government to meet their timeline for the access road, Noront believes that environmental assessment work must start in early 2017. The company is therefore, urging the government to table a proposal for the shared use access road before the end of this year.