Current Stock Info

Symbol : TSX: ADV
Last: 3.22 Volume: 60305
Day High: 3.24 Day Low: 3.17
Date: 1/27/2012

Symbol : OTCQX - ALDFF
Last: 3.19 Volume: 3000
Day High: 3.21 Day Low: 3.169
Date: 1/27/2012
 
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Welcome to Alderon Iron Ore Corp.

Strategically Located Within Canada's Premier Iron Ore District

Alderon is a development company with an iron ore project located next to mining towns of Wabush and Labrador City in Western Labrador, Canada. The property is also surrounded by four producing mines and is within close proximity to a common carrier railway as well as a deep sea port which will provide year round access to the global market.

Kami currently hosts an NI 43-101 Mineral Resource estimate of 490 million tonnes indicated at 30.0% iron and an additional 598 million tonnes inferred at 30.3% iron.  Further information about Alderon's resource estimate can be found in the April 5, 2011 and September 13, 2011 news releases.  A total of 18,000m of infill drilling is being carried out in the 2012 winter program with the goal of upgrading the current mineral resource into the measured and indicated categories in preparation for the Feasibility Study expected in Q3 2012.

Based on the recently completed Preliminary Economic Assessment, Alderon plans to commence commercial production in 2015 at a rate of 8 million tonnes per year at a grade of 65.5% iron. The Preliminary Economic Assessment also illustrated robust project economics including a pre-tax NPV of US$3.07 billion*, a pre-tax IRR of 40.2%*, with a payback period of 2.7 years.  The PEA is preliminary in nature and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the conclusions reached in the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.  For more information, please refer to the news release dated October 6, 2011.

Worldwide demand for steel will keep driving iron ore prices upward and Alderon is well positioned to benefit from the continued demand. The Alderon team is comprised of skilled professionals with significant iron ore expertise to advance Kami towards production. 

See our disclaimer for important additional information.