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Vanadium One Iron Corp.
Summary
| Project: | Mont Sorcier | |
|---|---|---|
| Deposit: | Mont Sorcier | |
| Location: | Canada | |
| Commodities: | Iron-Titanium-Vanadium | |
| Date: | 4/9/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-4-2020: Vanadium One Iron Corp. announces a PEA report for its Mont Sorcier deposit at the Mont Sorcier project. PEA results incl. post-tax NPV (8%) of C$1,699M, IRR of 33.8%. In December 2019, Vanadium One Iron Corp. (VONE or “the Issuer”) engaged CSA | |
| Resources: | (refer to full report) | |
| CP/QP: | [Overall Report]: Luke Longridge, Karol Bartsch, Bruce Pilcher, Adrian Martinez Vargas, Georgi Doundarov, Alex Veresezan (CSA Global Pty Ltd.) | |
| ABSTRACT: | In December 2019, Vanadium One Iron Corp. (VONE or “the Issuer”) engaged CSA Global Consultants Canada Limited (CSA Global), an ERM Group company, to complete a Preliminary Economic Assessment (PEA) and Technical Report (“the Report”) for the Mont Sorcier Iron, Vanadium and Titanium Project (“Mont Sorcier Project” or “the Project” or “the Property”) in Roy Township, Québec. The Report, with an Effective Date of 27 February 2020, is reported in accordance with National Instrument 43101 (NI 43-101) (30 June 2011), companion policy NI 43-101CP, and Form 43-101F1 (Standards of Disclosure for Mineral Projects). The Mineral Resource estimate (MRE) used in this PEA was previously reported in a NI 43-101 Technical Report with an effective date of 23 April 2019 (Longridge and Martinez Vargas, 2019) and has been prepared in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (10 May 2014). Only Mineral Resources are estimated – no Mineral Reserves are defined.The Report is intended to assess the economic potential of the Mont Sorcier Project at a PEA level of study and to enable the Issuer and potential partners to reach informed decisions with respect to the Project. | |
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