Why Does Nickel Come Before Chromite?

By Alan Coutts, President and CEO

When people talk about the Ring of Fire, they tend to focus on the rich chromite deposits highlighted by the media. But, the first mine that will be developed in the region will actually be Eagle’s Nest, a nickel deposit with strong concentrations of platinum, palladium and copper.

Bird’s eye view of Esker Camp, located on top of Eagle’s Nest

There are several reasons why Eagle’s Nest will be developed first. It was the initial discovery in the Ring of Fire (2007) and is the most advanced deposit having seen extensive geological work performed over the years. In 2012, a positive Feasibility Study was completed which determined the mine’s economic viability based on long-term metal prices, estimated capital requirements and operating costs.

Another important factor is an expected rise in nickel demand over the next five years as electric vehicles (EV) become more mainstream. Nickel is the number one component in EV batteries and we
want to be ready to profit from this high demand.

Finally, there are existing smelting plants in Sudbury for turning the Eagle’s Nest ore into nickel and copper. By contrast, there are no chromite smelters in Ontario, or in North America for that matter. It’s our plan to build a Ferrochrome Production Facility, however that won’t happen for five to seven years.

In the meantime, we will build the Eagle’s Nest mine, which will create over 600 jobs and ship our mineral concentrate via the all-season road to the existing CN railroad and then on to Sudbury for processing.

This is the first story in a multi-part series addressing questions asked by readers. Please continue to send your questions to: info@norontresources.com

Thoughts On "Why Does Nickel Come Before Chromite?"

  1. This blog is a really good idea.
    There is a significant paucity of information wrt ROF development plans, prospects etc. If you can omit the usual hyperbole that often accompanies mining industry announcements, and establish a basis of trust for media (generally poorly informed), politicians, and most importantly the public, you will do a great service to all involved.

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