KWG Resources Inc C.CACR

Alternate Symbol(s): KWGBF | C.CACR.A

Metals & Mining Industrial Metals & Minerals

KWG Resources Inc. is a Canada-based exploration stage company. It is focused on acquisition of interests in, and the exploration, evaluation and development of deposits of minerals including chromite, base metals and strategic minerals. It is the owner of 100% of the Black Horse chromite project. It also holds other area interests, including a 100% interest in the Hornby claims, a 15% vested interest in the McFaulds copper/zinc project and a vested 30% interest in the Big Daddy chromite project. It has also acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. It also owns 100% of Canada Chrome Corporation, a business of KWG Resources Inc., (the Subsidiary), which staked mining claims between Aroland, Ontario (near Nakina) and the Ring of Fire. The Subsidiary has identified deposits of aggregate along the route and made an application for approximately 32 aggregate extraction permits.

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KWG Resources Inc

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Comment by oreelseon Sep 15, 2012 9:47am

126 Views

Post# 20366781

RE: RE: RE: RE: RE: RE: RE: RE: cliffs story to go

What's possible are 3 Chromite Ore mines, two owned by CLF (Black Thor & Black Label) & one owned by KWG & Xstrata (Big Daddy) all being expedited into production

To facilitate the above, CLF would sell its KWG/DDI shares & also its Big Daddy shares to Xstrata who would then become KWG's DDI's partner.

The ROF NS RR would be financed & fast-track built by the CN Railroad & all EAs would be expedited.

Background: Per CLF May 25, 2010, they "planned to develop its wholly owned Black Thor deposit, which was larger and wider than the Big Daddy project, as well as its Black Label chromite deposit first".

"However, obtaining control of Big Daddy would enable Cliffs to develop the most appropriate integrated long-term mine plan for moving this new mining district forward," said Boor.

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