Block 103 iron-ore project, Canada
Name of the Project
Block 103 iron-ore project.
Location
The project is located in Newfoundland and Labrador, Canada.
Project Owner/s
M3 Metals.
Project Description
A rescoping study has successfully reduced the projected capital costs of the project by implementing a phased-capacity approach. This will start with the base case four-million-tonne-a-year projected production of high-grade premium iron-ore fines concentrate, from the previously proposed 16-million tonnes a year and by modifying processing methods and introducing new efficiencies.
The study integrates a conceptual dry-stacked tailings facility to provide less environmental risk, as well as simpler rehabilitation and closure, a smaller footprint and reduction of water consumption.
The project has defined 7.2-billion tonnes at 29.2% total iron, with metallurgical test results showing a projected 69.5% iron concentrate and a low 0.4:1 strip ratio.
Potential Job Creation
Not stated.
All-In Sustaining Costs/All-In Costs
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
The rescoping study has reduced the projected capital costs on the project from about C$6-billion to C$840-million.
Planned Start/End Date
Not stated.
Latest Developments
M3 Metals is seeking a partner to progress the project through feasibility and towards production.
Key Contracts and Suppliers
None stated.
Contact Details for Project Information
M3 Metals, tel +1604669 2279 or email info@m3metalscorp.com.
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