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Black Iron CEO To Participate In A Live Video Interview On August 14, 2017

Black Iron CEO to Participate in a Live Video Interview on August 14, 2017

TORONTO, ONTARIO–(Marketwired – Aug 11, 2017) – Black Iron Inc. (“Black Iron” or the “Company”) (BKI.TO) Chief Executive Officer, Matt Simpson, will participate in a live video interview with Proactive Investors on Monday, August 14, 2017.

On July 19, 2017, Black Iron announced the engagement of BBA to develop a new National Instrument 43-101 compliant Preliminary Economic Assessment (“PEA”) on its wholly owned Shymanivske iron ore project (the “Project”). As background, Black Iron released a positive bankable feasibility study on the Project in 2014. The study was based on the annual production of 9.9MT of high grade 68% iron content concentrate at an estimated cost of US$45/T, used the long-term broker consensus iron ore price at the time of US$95/T and an exchange rate of eight Ukrainian Hryvnia (UAH) to the U.S. dollar. Today, the exchange rate is approximately 26UAH:US$1 and iron ore with 62% iron content is selling for approximately US$77/T. Using the current exchange rate is expected to materially reduce the projected upfront capital cost since a significant amount of the construction costs including labour, concrete, steel and secondary equipment such as conveyors will be Ukraine based. The lower exchange rate also results in significantly lower operating costs as achieved by existing Ukraine iron ore miners such as Ferrexpo, who has seen its reported full year operating costs decrease from approximately US$46/T in 2014 to US$28/T in 2016.

Black Iron is a TSX listed company that went public in 2011, raising approximately $36 million at a price of CAD$1.40 per share. After completing its bankable feasibility study on the Project in 2014, Black Iron entered into funding and strategic arrangements to provide a significant portion of the capital required to move the Project forward towards production. Soon after, due to political unrest in Ukraine and a sharp correction in the price of iron ore, the development of the Project was delayed and funding agreements subsequently dissolved. During the last three years, Black Iron has been working in Ukraine to obtain the land rights for the Project (see press releases dated January 23, 2017, March 29, 2017, and July 18, 2017). Early in 2017, with a strong recovery in commodity price and little escalation in the Russia/Ukrainian conflict, Black Iron developed a new revitalized go-forward plan for the development of the Project, which included the preparation of the PEA.

In this upcoming live interview, Matt Simpson will discuss the merits of the Project, the political environment inside Ukraine, his outlook for iron ore prices moving forward, and why an investment in Black Iron, at current valuations, is well justified given the potential impressive rates of return.

The interview will take place at 10.00 a.m. (EST). Those interested in learning more about Black Iron as an investment opportunity are encouraged to send in questions for Black Iron‘s management to

Please join the broadcast by clicking on the following link at the specified time:

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