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Black Iron Inc. (TSX:BKI) Feature Company

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The Shymanivske iron ore deposit, located 330 kilometres southeast from Kiev in central Ukraine, in the heart of the KrivBass iron ore mining district, is strategically well-positioned in Ukraine between markets in Europe, Russia, Asia and the Middle East.

Additional Information:

Company: Black Iron Inc.
Website: http://www.blackiron.com
Stock Symbol: TSX: BKI
Date Published: May 9, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Today’s feature company is Black Iron Inc. an iron ore exploration and development company, advancing its 100% owned Shymanivske project located in Ukraine.

The Shymanivske iron ore deposit, located 330 kilometres southeast from Kiev in central Ukraine, in the heart of the KrivBass iron ore mining district, is strategically well-positioned in Ukraine between markets in Europe, Russia, Asia and the Middle East.

The company recently announced the positive results of a report commissioned by Black Iron to determine the company’s position on the global business cost curve and capital intensity in the context of new development iron ore projects.

CRU Group, an internationally recognised top global business intelligence provider and consultancy specializing in commodities, was commissioned to complete this study.

Some of the main conclusions from this study are:
• Black Iron’s Shymanivske project is ranked in the lowest position of the business cost curve for pellet feed projects currently under development; and
• the Project’s capital intensity (i.e. construction capital divided by annual production) of only $95 per tonne, ranked second lowest out of the projects in CRU’s extensive database.

CRU’s independent study shows that Black Iron’s projected operating and construction capital costs coupled with the high-quality product expected to be produced by Black Iron position the company well in the global iron ore market.

As seen in this table, Black Iron is very strongly positioned on the pellet feed project business cost curve at the bottom of the first quartile.

Matt Simpson, CEO, stated “The CRU Group study confirms the feedback we have received from the steel industry following the release of our PEA in November 2017. The Shymanivske project has a very attractive cost structure and an expected ideal product quality to meet future requirements of the global steel industry who are facing increasingly stringent environmental regulation. We are seeing strong interest from around the world in our project.”

The company also announced the positive results of a recently completed technical study undertaken by the China Iron and Steel Research Institute, China’s premier iron and steel research institute, which concluded that the product expected to be produced from the Shymanivske project is well suited for the production of sinter for iron-making.

The Shymanivske project contains a NI 43-101 compliant resource estimated to be 646 million tonnes Measured and Indicated mineral resources, consisting of 355 million tonnes Measured mineral resources grading 32% total iron and 19.5% magnetic iron, and Indicated mineral resources of 290 million tonnes grading 31.1% total iron and 17.9% magnetic iron, using a cut-off grade of 10% magnetic iron.

Additionally, the project contains 188 million tonnes of Inferred mineral resources grading 30.1% total iron and 18.4% magnetic iron.

The shares are trading at $0.10.

For more information please visit the company’s website www.blackiron.com, contact Matt Simpson, CEO, at 416-309-2138 or email info@blackiron.com.

I’m Samantha Deutscher for Investmentpitch Media