Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Still no Chinese investors for the Circle of Fire

Of all the coverage on the results of the trip. this is the only one that counts.  The reality is we're no closer to development than we were before the trip.  Leaves no substantive reason why Noront would see the need to get on board of the proposed partnership.  KWG needs to get the feds on board and the feds need to get the Prov Libs on board...and the rest of the Matawa Fns.  If it was easy it would have been done a long time ago.  Feds waiting for Prov master plan for RFP funding, Prov waiting for Fns to agree, Fns waiting for Prov to negotiate royalties and KWG struggling to get things going withouy help of any other palyers in the ROF.  Too many self interested entities involved.  Time (unfortuantely imo a lot of time) will tell.

"But his vice-president, Maurice Lavigne, explains that the company has failed to find potential buyers.

We tried to meet representatives of stainless steel foundries and it did not work.

 Maurice Lavigne, Vice President, KWG Resources

Mr. Lavigne added that the support of the federal government would have been necessary to facilitate these meetings."

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