Black Iron Exploration -High Grade Ore In Ukraine – Lowest Cost Producer By CRU

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Black Iron (TSX:BKI,OTC:BKIRF,FWB:BIN) is developing an iron ore mine ranked as having the highest financial return and lowest cost development project globally by market intelligence firms Wood MacKenzie and CRU.  Exceptional skilled labor and infrastructure access along with the very high 68% iron content purity of its final product is what differentiates Black Iron. CEO Video Interview

    Project is located in an established mining region surrounded by seven operating iron ore mines owned by multibillion companies including ArcelorMittal, Metinvest and Evraz.

 Black Iron’s cost to mine, process, rail and load a ship is estimated at only US$31 per ton for an ultrahigh grade 68% iron content product (top 4% globally)

Why Gold Should Rally 

   Using a conservative iron-ore price of US$62 per ton (current actual ~$85/T) results in after tax 36% rate of return (IRR) and US$1.7 billion future value (NPV 10% discount rate)

   Memorandum of understanding signed with Glencore for offtake in exchange for significant construction investment

    Company currently securing balance of funding and land required for construction with several announcements to be made over the coming year Black Iron’s 100% owned Shymanivske project is located in central Ukraine near the iron rich city of Kryviy Rih.

There are seven operating iron ore mines located within 25 miles, two of which owned by multibillion companies ArcelorMittal and Metinvest boarder BKI’s future mine with all infrastructure in place.  Video Interview

Labor is inexpensive with skilled tradesmen making $5-$8 / hr. BKIwill produce an ultra-high-quality 68% iron content pellet feed that ranks in the top 4% globally and is in strong and growing demand by international steel mills.

BKI has already signed letters of intent (LOI) for necessary capacity of power and water for processing, rail for haulage, and deep draft port facilities for shipping product to international markets.Mat Simpson CEO was the former General Manager, Mining for Rio Tinto’s Iron Ore Company of Canada; Mr Simpson also worked for Hatch designing global metallurgical refineries. With a highly experienced management team now in place  this company is ready to move forward.

These shares technically have formed a solid base at current levels. We would expect these shares to advance towards the yearly high of $0.15, testing resistance to the upside before continuing. We feel that all serious investors should place these shares on their BUY LIST

Website Project Details  Presentation Research Report Management Team  Investment Radio Podcast

About Black Iron

Black Iron is an iron ore exploration and development company, advancing its 100% owned Shymanivske project located in Kryviy Rih, Ukraine. The Shymanivske project contains a NI 43-101 compliant mineral resource estimated to be 646 Mt Measured and Indicated mineral resources, consisting of 355 Mt Measured mineral resources grading 32.0% total iron and 19.5% magnetic iron, and Indicated mineral resources of 290 Mt grading 31.1% total iron and 17.9% magnetic iron, using a cut-off grade of 10% magnetic iron. Additionally, the Shymanivske project contains 188 Mt of Inferred mineral resources grading 30.1% total iron and 18.4% magnetic iron. Full mineral resource details can be found in the NI 43-101 compliant technical report entitled “Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit” effective November 21, 2017 (the “PEA”) under the Company’s profile on SEDAR at www.sedar.com. The Shymanivske project is surrounded by five other operating mines, including ArcelorMittal’s iron ore complex. Please visit the Company’s website at www.blackiron.com for more information.

The technical and scientific contents of this press release have been prepared under the supervision of and have been reviewed and approved by Matt Simpson, P.Eng, CEO of Black Iron, who is a Qualified Person as defined by NI 43-101.

Forward-Looking Information

This press release contains forward-looking information. Forward-looking information is based on what management believes to be reasonable assumptions, opinions and estimates of the date such statements are made based on information available to them at that time. Forward-looking information may include, but is not limited to, statements with respect to the Company’s ability to develop the Shymanivske project, the mineralization of the Shymanivske project, the expected support from the Ukrainian government, the ability to develop the Shymanivske project, the Company’s ability to raise adequate capital, the Company’s ability to secure the requisite land rights and the Company’s future plans. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans,” “expects” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate,” or “believes,” or variations of such words and phrases or state that certain actions, events or results “may,” “could,” “would,” “might” or “will be taken,” “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. The Company notes that mineral resources that are not mineral reserves do not have demonstrated economic viability.

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