ALTIUS - ALDERON FILES FEASIBILITY STUDY REGARDING KAMI IRON ORE PROPERTY
Altius owns 32.9 million shares of Alderon and a 3% Gross Sales Royalty on Kami iron ore property |
St. John�s - Altius Minerals Corporation is pleased to report that on January 16th, 2013 Alderon Iron Ore Corp. (�Alderon�) (ADV:TSX) filed its Feasibility Study Technical Report regarding its Kami Iron Ore Property in western Labrador. The report is available on SEDAR at www.sedar.com.
Altius is a co-founder of Alderon and owner of 32.9 million Alderon shares. In addition to its equity, Altius holds a 3% Gross Sales Royalty on Alderon's Kami iron ore property. Altius shareholders are encouraged to review the feasibility study inputs and results with particular note of Alderon�s estimate of royalty payments that will be due to Altius, which is contained within section 22-4 of the report.
Altius wishes to extend congratulations to Alderon on achieving this significant milestone.
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About Altius
Altius is focused on the mining and resources sector through prospect generation and the creation and acquisition of royalties and investments. Altius has a strong financial position with total assets of approximately $300 million, including $158 million in cash and marketable securities. It has also built a portfolio of directly and indirectly held junior resource investments, including 32.9 million shares of Alderon Iron Ore Corp. (ADV:TSX).
Altius owns a 3% gross sales royalty on the Kami iron ore project of Alderon, an effective 0.3% net smelter return royalty on the producing Voisey�s Bay nickel-copper-cobalt mine, a 2% gross sales royalty on uranium in the Central Mineral Belt project of Paladin Energy Limited, and several earlier stage resource project royalties. Its growing project generation pipeline consists of a diversified portfolio of exploration projects, many of which have attracted joint venture funding partners.
Altius is a member of the S&P/TSX Global Mining Index and currently has 28,257,564 shares outstanding.
For further information, please contact Chad Wells at 1.877.576.2209.