The 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 metal. 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). More than $150 million in expenditures have been invested in the exploration, all studies, the 2015 NI 43-101 compliant feasibility study and the formation of the Lac Otelnuk mining Company between Adriana Resources Inc and WISCO.
Location | |
---|---|
Quebec | |
Country | Canada |
Production | |
Products | Iron ore |
In 2017, Baosteel merged with WISCO and Adriana Resources merged with Sprott Holdings.
Further details can be obtained bycontacting Lac Otelnuk Mining LTD
See also
editReferences
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