Alderon Iron Ore Corp AXXDF

Re: Waiting Time

[Sauli]

So it's rumored that at least one Company has made an offer and the SteelWorker have also been notified ??

Mark Marabito states that the Wabush Mine's reserves are depleted.
However, the recent PEA makes reference to the Kami concentrator and there's a strong assumption that it will be located near the Scully pit.

I guess we'll possibly know Monday...

• The Kami concentrator has been conceptually located in an area between the existing Scully concentrator and the exhausted Scully pit. The proposed location is well suited for re-use of some existing Scully infrastructure and for tie-ins to existing services.
• A corridor for services was defined at a conceptual level for connecting the Kami mine site to the Scully site. No consideration was given for topography optimization and geotechnical soil conditions for this corridor at this time. A more detailed analysis of this corridor, including a geotechnical study will be required in the next study phase. This should include an analysis of stream crossings and impact on environmental permitting. This corridor will provide right of way for the following major services:
  • The overland conveyor;
  • The access road for the Kami mine site;
  • The power lines for supplying power to the Kami mine site from the Scully substation.
• Concerning electrical power supply, it is assumed that the power is supplied to the project by the existing Nalcor substation (Wabush Terminal) and the Scully substation. It is also assumed that electric power will be available without the need to build a new transmission line, as was the case in the 2012 Feasibility Study.

Re - Boot Of Kami Project