Lac Otelnuk mine
| Location | |
|---|---|
| Quebec | |
| Country | Canada |
| Production | |
| Products | Iron ore |
Lac Otelnuk mine is Quebec's largest iron mine project, with NI 43–101 compliant estimated reserves of 23.74 billion tonnes of ore grading 29.65% iron. In 2005, Bedford Resource Partners staked 129 claims over the deposit and optioned it to Adriana Resources. In 2012, 60% ownership of the iron deposit was sold to Wuhnan Iron and Steel Co. (WISCO). Over $150 million have been invested in the exploration, studies, the 2015 NI 43-101 compliant feasibility study, and the formation of the Lac Otelnuk mining Company, a joint venture between Adriana Resources Inc and WISCO.
In 2017, Baosteel merged with WISCO and Adriana Resources merged with Sprott Holdings.
For further details contact Lac Otelnuk Mining LTD
See also
[edit]References
[edit]- ^ "Lac Otelnuk Iron Project". miningdataonline.com. 2012. Retrieved 2013-07-05.
- ^ "Lac Otelnuk Project Feasibility Study - NI Technical Report - PDF Free Download". docplayer.net. Retrieved 2021-05-25.
- ^ Bedford. "Quebec's Lac Otelnuk Iron deposit is available for option". Retrieved 2021-05-25.
55°58′N 68°17′W / 55.967°N 68.283°W
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