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Canadian Manganese Company Inc.
Summary
| Project: | Woodstock | |
|---|---|---|
| Deposit: | Woodstock | |
| Location: | Canada | |
| Commodities: | Manganese-Iron | |
| Date: | 5/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-5-2020: Canadian Manganese Company Inc. announces a PEA report for its Woodstock deposit at the Woodstock project. PEA results incl. NPV (8%) C$845M and IRR of 17.97%. In December 2013, Canadian Manganese Company Inc. (CMC) retained Tetra Tech to comple | |
| Resources: | (Resources, Inf.): 44.77Mt @ 9.85% Mn, 14.15% Fe | |
| CP/QP: | [Resource] Michael Cullen (Mercator Geological Services Ltd.) | |
| ABSTRACT: | In December 2013, Canadian Manganese Company Inc. (CMC) retained Tetra Tech to complete a National Instrument 43-101 (NI 43-101) preliminary economic assessment (PEA) for the Woodstock Property (the Property or the Project) located in New Brunswick, Canada. CMC is a wholly-owned subsidiary of Minco plc (Minco). The Project site is located approximately 6 km from the Town of Woodstock and approximately 10 km from the Canada-US border at Houlton, Maine. The site is readily accessible by road from the Town of Woodstock via Trans-Canada Highway (Route 2) to Route 95, and from surrounding communities via Route 540 and Route 555 as illustrated in Figure 1.1. This route will be used during all phases of project development to transport personnel, equipment, and supplies. Two mining operation scenarios were developed based on the resource model and overall slope angle supporting two mill throughput rates: 3,000 t/d and 1,500 t/d. The 3,000 t/d mill throughput rate was utilized as the base case operational scenario for this study. | |
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