Alderon Iron Ore is a development-stage company advancing the Kami Project located in the Labrador Trough, Canada’s premier iron ore mining district
The Kami property is surrounded by two producing mines and is in close proximity to a common carrier railway, as well as a deep-sea port providing year-round access to the global market
NI 43-101 Mineral Resource Estimate of 1.2 billion tonnes Measured and Indicated at 29.8% iron and an additional 522.6 million tonnes Inferred at 29.5% iron
With the completion of a Preliminary Economic Assessment in February 2017, Alderon is effectively re-booting its Kami Project to take advantage of improved iron ore prices, reduced CAPEX requirements, and available infrastructure
The Kami project will positively impact Canada’s economics, including creating more than 100,000 jobs, generating $7.6 billion in incomes to workers and businesses, and $4.4 billion in federal and provincial government revenues
Proven management team with strong relationships and ties to the community and government, as well as a strategic partnership with HBIS Group, China’s second largest steel producer
Alderon is part of the King and Bay West Group, a Canadian company that specializes in identifying, funding, developing, and managing high-quality mineral resource properties and technology-based opportunities.