Discovered in 2007 and located roughly 540 kms. northeast of Thunder Bay, the isolated Ring of Fire mining camp is considered one of the most important mineral discoveries in Ontario over the past 100 years.
In 2010, Richard Nemis and John D. Harvey (Noront Resources) Mac Watson and Donald Hoy (Freewest Resources Canada) and Neil D. Novak (Spider Resources) were credited for the discovery by the Prospectors and Developers Association of Canada.
It is estimated that the value of currently discovered mineral deposits – primarily chromite, nickel and copper – are worth about $60 billion in economic activity over a 30-year period. Jim Franklin, the former chief geoscientist at the Geological Survey of Canada, predicted at least $140 billion worth of chromite and base metals will be discovered in the Ring of Fire, and an additional $140 billion to $190 billion of gold are lying in the many greenstone belts to the west of the camp.
First Nations in northern Ontario are composed of a reserve, where the community is located, and a wider area known as their “traditional territories” which generally include traditional trap lines, burial sites and historic regions of economic activity.