TORONTO - Noront Resources Ltd. ("Noront") (TSX VENTURE: NOT) has received a Notice of Approval from the Ontario Ministry of Environment and Climate Change on the Terms of Reference for its Eagle's Nest nickel-copper-platinum-palladium project. The Terms of Reference, approved with a number of amendments, allows the company to move forward on the environmental assessment process (EA) for what is expected to be the first mine in the Ring of Fire.
"This is an important step because it allows us to advance the provincial EA process for Eagle's Nest and provides direction on how the province would like us to work with local communities," stated Noront President and CEO, Alan Coutts. "We recognize the significant role First Nations will play in our mine development and we remain eager to sit down with the communities to discuss how we can work together in this important undertaking."
Noront has been collecting baseline environmental data on its Eagle's Nest mine, evaluating impacts and developing mitigation strategies for three years. A draft Environmental Impact Study/Environmental Assessment Report was completed and circulated for comment in December 2013. Going forward, the additional work defined by the Terms of Reference amendments will be integrated into our existing documentation to satisfy both the federal and provincial environmental assessment requirements.
Upon completion of the environmental assessments, Noront will proceed with the acquisition of all regulatory permits and approvals to begin access road and mine site construction activities.
Noront Resources Ltd. is focused on development of the high-grade Eagle's Nest nickel, copper, platinum and palladium deposit and the high-grade chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire.
How long is the approval good for? – 20 years,40 years – suggest that they will need at least 40 years before this project gets moving. And only if the poorly defined, unclear requirements for satisfying aboriginals are addressed.