Iron Exploration
in Canada

The portion of the project containing the Radio Hill Iron Formation, approximately 15% of the total land package, was acquired in 2008 under an option agreement which was completed in February of 2011. I in lieu of an NSR or other royalty payments, Rogue has the option to purchase 100% of the iron rights, outright upon commencement of commercial production. The remaining 85% of the land package, that includes the 12km Nat River Iron Formation, was staked by the Company and therefore has no underlying royalties.