KWG Resources is an exploration stage company that is participating in the discovery, delineation and development of chromite deposits in the James Bay Lowlands of Northern Ontario, including 1,024 hectares covered by four unpatented mining claims (Fancamp Claims) approximately 280km north of Nakina, Ontario, which contains the Black Horse chromite deposit, named the “Black Horse Project” and 1,241 hectares covered by seven unpatented mining claims (Big Daddy Claims) approximately 280km north of Nakina, Ontario, which contains the Big Daddy chromite deposit, named the “Big Daddy Project”.
Both the Big Daddy and Black Horse chromite deposits contain 43-101 compliant resources. Please visit the (Technical Reports) page to access the 43-101 reports.
KWG Resources is now the Operator of the Black Horse Joint Venture after acquiring a vested 50% interest through Bold Ventures Inc. which is carried for 10% (20% of KWG’s equity in the JV) by KWG funding all exploration expenditures. The Corporation has the right to acquire: (i) up to an 80% interest in respect of chromite contained in the Koper Lake Project; and (ii) up to a 20% carried interest in respect of the non-chromite minerals contained in the Koper Lake Project. The Corporation also has a 30% interest in the Big Daddy Project.
KWG RESOURCES’ CHROMITE MINERAL RESOURCES IN THE RING OF FIRE
|Deposit||Owner||% Owned By KWG||Tonnes (Millions)||Category||Grade %Cr203||Cut-off %Cr203||43-101 Technical Reports|
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
Transport of raw ore from a small footprint underground mine in the “wetlands” to an integrated chromite reduction facility located on a brownfield site not only optimizes the economic sustainability, but also the development’s environmental and social sustainability. KWG Resources is seeking its social licence for these developments by inviting the most affected First Nations to be both partners in and owners of the development.