The Shymanivske Project boasts a significant iron ore deposit with high iron content

The Shymanivske Project boasts a significant iron ore deposit with high iron content, making it highly attractive for steel producers globally. The project’s resources are expected to produce a premium grade iron ore concentrate with a high Fe content, catering to the growing demand for high−quality iron ore in steelmaking. Black Iron’s feasibility studies and exploration efforts have demonstrated the potential for a long−term, economically viable mining operation. The project’s location provides access to established infrastructure,including rail lines and ports, facilitating efficient transportation of iron ore to global markets. The proximity to major European and Middle Eastern steel producers positions Black Iron to benefit from reduced shipping costs and shorter delivery times.The project’s strategic location also offers the potential to serve emerging markets in Asia and other regions, expanding Black Iron’s customer base.