The Black Creek Chromite Deposit is strategically located within the mineral-rich belt of the Ring of Fire (“ROF”), which includes the Eagle’s Nest nickel-copper-PGM deposits and the Black Thor and Big Daddy chromite deposits, currently owned by Noront Resources. Black Creek lies along the ultramafic contact that hosts all of the important deposits in the ROF.
With the discovery of these large chromite deposits, Canada became ranked #5 in the world for chromite resources. Chromite is important to a number of industries, but is fundamental to the production of stainless steel, and was placed on Canada’s Critical Mineral list. Canada does not currently have a primary producer of chromite. Over 80% of the World’s chromite is produced by four countries, South Africa, Kazakhstan, India and Turkey.
The area around the Black Creek deposit is characterized by outcrop and thin overburden, which would provide for lower stripping ratios for mining and a stable base for infrastructure and operations. The morphology of the deposit is also amenable to potential development as it displays a consistent lens of mineralization showing good continuity along strike and at depth.
A NI-43 101 Resource Estimate completed in 2015 confirmed a pit-constrained resource containing over 10 million tonnes of high-grade, direct-shipping chromite. A cut-off grade of 20% Cr2O3 was used (estimate includes internal dilution).