Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN), a Canadian iron-ore exploration and development company, holds an ideal position amid recent supply shortages and the subsequent tension in the global iron ore market. The company is currently developing the Shymanivske iron-ore deposit to produce profitable, high-grade pellet feed containing 68 percent iron. An article discussing the company reads, “Black Iron recently reaffirmed economic projections for its Shymanivske Project in a news release (http://ibn.fm/YDhyc), noting that the premium 68-percent iron, pellet-feed product that Black Iron plans to produce is expected to sell for a significantly higher price than benchmark iron ore for at least the next two to three years. The company intends to build its Shymanivske Project in two phases, taking advantage of its proximity to rail, power, ports and skilled labor to reduce the upfront capital and time required to generate cash flow (http://ibn.fm/ItKdF).”
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About Black Iron Inc.
Black Iron is an iron-ore exploration and development company, advancing its 100-percent owned Shymanivske Project located in Kryviy Rih, Ukraine. The Shymanivske Project contains a NI 43-101 compliant resource estimated to be 646 Mt Measured and Indicated mineral resources, consisting of 355 Mt Measured mineral resources grading 31.6 percent total iron and 18.8 percent magnetic iron, and Indicated mineral resources of 290 Mt grading 31.1 percent total iron and 17.9 percent magnetic iron, using a cut-off grade of 10-percent magnetic iron. Additionally, the Shymanivske Project contains 188 Mt of Inferred mineral resources grading 30.1 percent total iron and 18.4 percent magnetic iron. Full mineral resource details can be found in the NI 43-101-compliant technical report entitled “Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit” effective November 21, 2017, under the company’s profile on SEDAR. The Shymanivske Project is surrounded by five other operating mines, including ArcelorMittal’s iron ore complex. For more information, visit the company’s website at www.BlackIron.com.
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