Discover The Project
The Mont Sorcier Iron ore property hosts a large high quality Iron resource with significant and extractable Vanadium in a top tier mining jurisdiction.
The Project takes place in a global context in which the demand for high-grade iron ore has increased in recent years. When used in blast furnaces to produce steel, high-grade iron concentrate contributes to significantly reduce GHG emissions in steel production, since it reduces the amount of energy required for steelmaking .
Processes (such as coal used by steelmakers) or allows the use of electric furnaces. The use of a high-grade iron concentrate thus
contributes to the overall efforts to fight against climate change in the steel industry.
Key Infrastructure and Operating Parameters as Currently Planned
- Open pit mining using standard drill, blast, haul methodology
- Material to be milled with iron separated using clean magnetic separation technology
- Principal new infrastructure to be built are milling and concentrating facilities, maintenance and office buildings, waste rock dumps, tailings pond, rail loading and connection spur to CN mainline
- Targeted production rate of Mt material mined per year to produce 5.0 Million tonnes of iron and vanadium concentrates
- Initial mine life of 21 years with potential to extend the mine life. Current mine plan only uses approximately 1/3 of current resources
- Rail haulage to Port of Saguenay using new rail connection to existing CN rail infrastructure. Typically, 1 train per day on average with 120 gondolas expected based on current plans
