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Mining Minute – S2- Episode 9- Send in Your Questions! $KWG.ca

Posted by AGORACOM-JC at 8:32 AM on Friday, March 24th, 2017

Mining Minute – Season 2 Episode 7 – Firestarter Screening in Toronto $KWG.ca

Posted by AGORACOM-JC at 2:46 PM on Tuesday, March 7th, 2017

Mining Minute – S2- Episode 4- Hyperloop Contest Results $KWG.ca

Posted by AGORACOM-JC at 2:48 PM on Wednesday, February 15th, 2017

Mining Minute S2 E2 – FSDI Group Feasibility Update $KWG.ca

Posted by AGORACOM-JC at 1:54 PM on Wednesday, February 1st, 2017

Mining Minute – Season 2 – Episode 1 – KWG Resources in Turkey $KWG.ca

Posted by AGORACOM-JC at 12:14 PM on Friday, January 27th, 2017

 

Kwglarge

In the first episode of the new Mining Minute series, host Theresa questions KWG Resources CEO Frank Smeenk about his recent visit to Turkey.

KWG Resources Inc.: Globe & Mail’s Ring of Fire Claims Disregards News and Ottawa Investment $KWG.ca

Posted by AGORACOM-JC at 2:33 PM on Thursday, December 22nd, 2016

Kwglarge

  • Article by Rachelle Younglai in yesterday’s Globe & Mail overlooks the real news occurring a few days ago,
  • By instead republishing an oft-reported miscalculation and profound understatement of the value of the minerals discovered thus far in the Ring of Fire area of Northern Ontario’s James Bay Lowlands

TORONTO, ONTARIO–(Dec. 22, 2016) – The article by Rachelle Younglai in yesterday’s Globe & Mail overlooks the real news occurring a few days ago, by instead republishing an oft-reported miscalculation and profound understatement of the value of the minerals discovered thus far in the Ring of Fire area of Northern Ontario’s James Bay Lowlands. KWG Resources Inc. (CSE:KWG)(FRANKFURT: KW6) (“KWG”), Probe Resources Ltd. and Noront Resources Ltd. have previously reported (in regulatory filings under NI43-101) that there have been 343.4 million tonnes of chromite delineated by exploration drilling completed there to date, to a very shallow depth. These include measured and indicated resources of 20.5 million tonnes (“MT”) at 35.8% Cr2O3 (“%”), 137.7MT @ 31.5%, 5.4MT @ 29.3%, 29.1MT @ 31.7%, 8.6MT @ 37.4%, plus inferred resources of 23.5MT @ 33.1%, 3.4MT @ 28.1%, 1.6MT @ 37.8%, 26.8MT @ 29.3%, 0.9MT @ 22.8% and 85.9MT @ 34.5%. The tonnes documented thus far only, contain an average grade of more than 30% chromite.

Until a few days ago, chromium was priced at CA$1.10 per pound. However, last week terms for delivery from a major supplier in South Africa were settled with its customers in China, which consumes almost two-thirds of the globe’s output of this commodity. It was announced that for the first quarter of next year the price will be 50% higher, the equivalent of CA$1.65 per pound. Yesterday, The Economic Times reported that ferrochrome is expected to maintain higher price levels for an extended time. Accordingly, the values “between $31-billion and $54-billion” reported by the Globe & Mail are very demonstrably incorrect.

This Press Release contains disclosure required and approved by the Investment Industry Regulatory Organization of Canada which dictated that we remove an extrapolation of 30% chromite in 343.4 million tonnes into pounds of recoverable ferrochrome, or their in-situ value. However, we were required to add: “Please note, this reporting by the Globe and Mail, which we believe to be erroneous, does not meet the requirements for the reporting of mineral resources or mineral reserves as required by publicly reporting companies in Canada like KWG and Noront.”

Also, as a participant in both the Steering and Technical Committees supervising the Chromite Research Project of Natural Resources Canada’s CanmetMINING laboratories, KWG is aware of the Government of Canada’s commitment to advancing resource development in the Ring of Fire through research and development with industry to address increased efficiency and green processing technologies as they relate to chromite with the understanding that chromite deposits located in Ontario’s Ring of Fire have production potential that could make Canada a significant global producer, processor and supplier of products that contain chromium.

About KWG:

KWG is the Operator of the Black Horse Joint Venture after acquiring a vested 50% interest through Bold Ventures Inc. which is carried for 10% (20% of KWG’s equity in the JV) by KWG funding all exploration expenditures. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

M. J. (Moe) Lavigne, P.Geo., KWG’s Vice-President of Exploration & Development, is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.

Shares issued and outstanding: 966,320,281

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com

Mining Minute – Episode 50: The Future of KWG Resources $KWG.ca

Posted by AGORACOM-JC at 4:34 PM on Tuesday, December 13th, 2016

 

Kwglarge

In Episode 50 of the Mining Minute KWG Resources CEO Frank Smeenk discusses how he is maximizing the value of KWG Resources in the eyes of shareholders. Be sure to watch the other Mining Minute episodes 1 through 50. Season 2 begins in 2017.

Mining Minute – Episode 49 – MPP Michael Mantha Talks KWG’s Proposal $KWG.ca

Posted by AGORACOM-JC at 12:04 PM on Tuesday, December 6th, 2016

Kwglarge

In Episode 49 of the Mining Minute, MPP Michael Mantha provides his comment on why the Liberal Government is not acting on the International Ferrochrome Trade Agreement proposed by KWG Resources.

Mining Minute – Episode 46 Comparing Ring of Fire Infrastructure $KWG.ca

Posted by AGORACOM-JC at 1:59 PM on Friday, November 18th, 2016

In this episode KWG Resources CEO Frank Smeenk compares various modes of infrastructure and transportation considered for the development of Ontario’s Ring of Fire.

Mining Minute -Episode 43- Ancillary Opportunities: Hyperlink Technology $KWG.ca

Posted by AGORACOM-JC at 2:23 PM on Friday, November 4th, 2016

Kwglarge

In Mining Minute Episode 43, KWG Resources CEO Frank Smeenk outlines ancillary opportunities associated with Hyperlink technology.