Much like what is taking place in Canada's Labrador Trough, and in many ways the precious metals industry, the opportunity within Rogue is a result of historically high prices putting pressure on the economics of a low-grade deposit hindering expenditure on further exploration and development.
The appreciation of the iron ore market is primarily fuelled by an increase in steel consumption by emerging economies, namely China and India, combined with the rapid depletion of their own iron ore deposits. Chinese iron ore mines are now producing at an average grade below 20% (Wood Mackenzie, 2011) and continue to decline, creating a strong market for iron projects previously deemed uneconomic.
In addition to Radio Hill, the Company has an advanced stage nickel project with a 43-101 compliant resource and over 35 km of favorable ground for hosting 'Kambalda' style nickel-sulphide deposits.
Rogue will continue to build its team and focus resources on advancing Radio Hill all the while seeking strategic fits for its other advanced stage assets.
To read more on the Radio Hill Iron Ore Project click here