What we own

The Group has a 1% life of mine NSR royalty over a number of claims on the Black Thor, Black Label and Big Daddy chromite deposits owned by TSX-listed Noront Resources Limited (‘Noront’), in the Ring of Fire region of Northern Ontario, Canada.

Performance

There was limited progress reported by Noront in 2017. Noront has several projects in the region, and it is currently appraising sites for the location of its proposed ferrochrome production facility.

In its AGM presentation, published on June 7, 2017, Noront indicated that the Eagle’s Nest project is currently within the feasibility stage, while preliminary economic analysis is being undertaken in respect of the Blackbird and Black Thor projects, with the latter being subject to the Group’s Ring of Fire royalty.