Q: “What kind of deposit does Alderon have?”
A: The deposit at the Kami Project is a Lake Superior-type, banded iron formation with banded sedimentary rocks. It is composed principally of bands of iron oxides, magnetite and hematite and is the most common sources of iron ore in the world. This deposit is more heavily weighted towards magnetite, making it easy to define using magnetic imagery and recover using magnetic or gravity separation techniques.
Q: “What are the options for transporting the iron ore to international markets?”
A: The Kami Property is located next to the mining towns of Wabush, Labrador City and Fermont and is in close proximity to a road (~2.5km), a hydro power station (~15.5km), and a common carrier railway (~15km). The multi-user railway will transport the material to a deep sea port which will provide year round access to the global market.
Q: “What are your relations with the local First Nations and what is their position regarding your project?”
A: On August 11, 2010, Alderon reached a Memorandum of Understanding (MOU) with the Innu Nation of Labrador. This MOU establishes that Alderon and the Innu Nation will work together to establish a long term mutually beneficial, cooperative business relationship.
The Innu Nation will benefit through economic opportunities for community members which includes employment and training for individuals or contracts with local Innu registered business.
Aderon has also set aside a budget for the Innu Nation to be involved in the environmental monitoring of Alderon’s exploration and development activities.
Q: “What measures are you taking to inform local populations of your activities and gather input from concerned citizens?”
A: This website serves as a valuable communication tool between the Corporation and the public. All news releases and filings of the Corporation can also be found on SEDAR. Any questions can be directed to Alderon’s investor relations by phone (1-866-683-8030) or by email (info@alderonironore.com).
