Alderon Announces Results of its Updated Feasibility Study Demonstrating US$1.7 Billion NPV at 8% discount rate and 24.6% IRR (Pre-Tax) for the Premium-Quality Kami Iron Ore Project

Sep 26, 2018

MONTREAL, Sept. 26, 2018 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX: IRON) ("Alderon" or the “Company”) is pleased to announce that it and The Kami Mine Limited Partnership (“The Kami LP”) have received the results of the updated Feasibility Study (“FS”) on the Rose Deposit of the Kamistiatusset (“Kami”) Iron Ore Project in western Labrador. The updated FS was completed by BBA Inc. (“BBA”), located in Montreal, Québec. The updated FS once again demonstrates the strong economics of the Kami Project which will produce a premium-quality iron ore concentrate with higher Fe content and ultra-low impurities relative to the 62%-Fe grade benchmark. Coupled with the sustained demand for high-grade iron ores, the robust project economics form the foundation of Alderon’s relaunch of its project financing efforts.

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