Black Iron Inc. (TSE:BKI)

Black Iron Inc. (TSE:BKI)


Share Price
$ 0.06
Change
0.005 (9.09 %)
Market Cap
$9.58 m
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Black Iron Inc.

Black Iron is a Canadian iron ore exploration and development company advancing its 100% owned Shymanivske Project located in Krivyi Rih, Ukraine, to production. Matt Simpson joined Black Iron as CEO in 2010 and has led the company from a grassroots story to a development one, overseeing the Company's advancement of the Shymanivske Project to now be near shovel ready.

EPIC: BKI
Market: TSX:BKI
52-week High/Low: C$0.125 / C$0.050
Sector: General Mining - Iron Ore and Bauxite
Market Cap: C$9.58M
Website: www.blackiron.com
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Big picture - Why invest in Black Iron Inc.


Black Iron Inc. Snapshot

Black Iron is a Canadian iron ore exploration and development company advancing its 100% owned Shymanivske Project located in Krivyi Rih, Ukraine, to production. The Shymanivske Project contains 646 million tonnes measured and indicated resources grading 31.6% iron and 188 million tonnes inferred resources grading 30.1% iron. A bankable feasibility study for the Shymanivske Project demonstrates excellent economics for 9.9 million tonnes per year of 68% iron ore concentrate production, including an NPV of US$3.3 billion (8% discount), an IRR of 48% and a 2 year payback period based on a conservative long term iron ore benchmark price of $95/tonne, as published to SEDAR.com on January 24, 2014. The project is in a mining friendly region as it is surrounded by five other operating iron ore mines including ArcelorMittal. Existing infrastructure with surplus capacity, including confirmed access to power, rail and port facilities, allows for a quick and relatively low cost development to production.

The Shymanivske Project 

The Shymanivske iron ore deposit is strategically well-positioned in Ukraine between markets in Europe, Russia, Asia and the Middle East. It is located 330 kms southeast from Kiev in central Ukraine, in the heart of the KrivBass iron ore mining district. The Shymanivske deposit is located in the Southern part of the Krivbass, less then 2km from two open pit iron ore mines owned by ArcelorMittal and Metinvest/Evraz Steel, which are also primarily magnetite quartzite deposits. There are currently seven operating open pit mines in the district.

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Matt Simpson
CEO

Former General Manager, Mining for Rio Tinto’s Iron Ore Company of Canada; Worked for Hatch designing global metallurgical refineries.

Michael Spektor
President

Former CEO of VS Energy International which distributes ~30% of Ukraine’s electricity and owns one of Ukraine’s largest steel mills.

Les Kwasik
Chief Operating Officer

Over 40 years of hands-on experience building and operating mines globally with companies such as with INCO (VALE), Xstrata Columbia delivering disciplined operational successes in the mining industry.

Paul Bozoki
Chief Financial Officer

Former CFO of CD Capital Partners, operating in the Soviet Union & Ukraine.

Nikolay Bayrak
VP Gov’t & Community Relations

Former department head, Ukrainian Ministry of Emergencies and Public Protection; Former MP.

Bill Hart
Senior VP Corporate Development

30 years experience selling iron ore while working for Rio Tinto, Cliffs Natural Resources and most recently Roy Hill Holdings Ltd.

Directors

Bruce Humphrey
Chairman

Former Chairman of Consolidated Thompson Iron Ore and Chief Operating Officer of Goldcorp.

Matt Simpson
CEO

Former General Manager, Mining for Rio Tinto’s Iron Ore Company of Canada; Worked for Hatch ...

Dave Porter
Director

Former VP for Rio Tinto’s Iron Ore Company of Canada and COO of Algoma Steel.

John Detmold
Director

Chairman & Founder of Invecture Group, S.A. de C.V. which owns Frontera Copper Corporation.

Pierre Pettigrew
Director

Former Canadian Minister for Foreign Affairs and International Trade.

Mailing Address:

65 Queen Street West, 8th Floor
Toronto, Ontario, Canada
M5H 2M5

Investor Relations

Email: [email protected]

Tel: 416-309-2138   OR   (+38) (056) 409 25 36

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