All Grade Mining, Inc. announced positive results for the feasibility study that the company has completed on its Salitrosa Iron Project in Chile. The purpose of the study is to determine the technical feasibility and economic desirability of the design, manufacture, install and operation of a plant to produce 50,000 tons/month of iron ore on the site of its Salitrosa Project. The valuation of the processes of exploitation of this project was carried out taking into consideration the processing of 300,000 tons/month of base material for 50,000 tons/month of iron concentrate to a grade of 63.5%. The feasibility study considers the costs of extraction and production of iron ore, not the cost of transfer to the ports of shipment, due to the unknown location and distances. The logistics of exporting iron are in the process of being planned by the company, which currently has multiple options. With the parameters, the study projected revenues of approximately $388 million over the next 10 years starting with an estimated $36 million in revenue the first year commencing production. Other factors that can affect revenues include the planning horizon of the evaluation, commodity prices, financing, extraction costs and increases in production and sales. Additionally, the company intends to increase its mining production capacity to 150,000 tons a month within the next year. The plant is designed to operate at sites with a high content of magnetite and hematite in clay lick, with particle sizes between input 8" and 10", so it is necessary to have two or three stage crushing to achieve particle sizes close to 6 mm to start the process of magnetic selection. The site has a law expected minimum of 35% and 40% magnetite and assuming a ratio of 6:1 Sterile/Mineral (S/M) and considering a continuous period of 504 monthly duty (h), estimate a minimum processing horizon of 300,000 tons/month of base material to produce 50,000 tons/month iron with a minimum of 63.5% law.