Black Iron is an iron ore exploration and development company advancing its
100%-owned Shymanivske project located in Krivoy Rog, Ukraine. This project
contains a NI 43-101 compliant resource with 345Mt measured and indicated
resources grading 32% iron and 469Mt of inferred resources grading 31% iron.
The project is surrounded by five other operating mines including
ArcelorMittal's iron ore complex. The Company believes that existing
infrastructure, including access to power, rail and port facilities, will
allow for a quick development timeline to production. Further, the Company
holds an exploration permit for the adjacent Zelenivske project which it
intends to further explore to determine its potential.
Key Information