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Lamelee Iron Ore Ltd.
Summary
| Project: | Lamelee | |
|---|---|---|
| Deposit: | Lamelee | |
| Location: | Canada | |
| Commodities: | Iron | |
| Date: | 11/25/2014 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-11-2014: Lamelee Iron Ore Ltd. announces a PEA report for its Lamelee deposit at the Lamelee project. PEA results incl. pretax NPV (8%) of $529.9M, IRR of 15.4%. This Technical Report presents the results of the Preliminary Economic Assessment (PEA) fo | |
| Resources: | (Resource, Inf.): 354.1Mt @ 29.49% TFe | |
| CP/QP: | [Resources]: Schadrac Ibrango (Met-Chem Canada Inc.) | |
| ABSTRACT: | This Technical Report presents the results of the Preliminary Economic Assessment (PEA) for the development of the Lamêlée Project. The Project is entirely located in Québec, approximately 80 km (by road) south of Fermont, Québec. In May 2014, Lamêlée Iron Ore Ltd. mandated CIMA+ to prepare the PEA Study. The services of Met-Chem were retained to produce the mineral resource estimate, the mine plan and the in-pit resource estimate. Soutex was to provide their expertise for the metallurgical testing and the elaboration of the process. AMEC developed a conceptual design for the tailings pond. The environmental considerations and permitting was to be carried out by WSP. The preliminary economic analysis was to be prepared by Mr. Michel L. Bilodeau. This Technical Report titled “Preliminary Economic Assessment (PEA for the Lamêlée Project” was prepared by CIMA+ with contributions by Met-Chem, Soutex, AMEC and WSP. The report follows the guidelines of the “Canadian Securities Administrators” National Instrument 43-101 (effective June 30, 2011), and is in conformity with the guidelines of the Canadian Mining, Metallurgy and Petroleum (CIM) Standard on Mineral Resources and Reserves. Table 2.1 shows the responsibilities for each section of the report. | |
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