Highly prospective exploration company
Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.
Message: Lamêlée Iron Ore
http://www.lameleeiron.com/our-project/
Location and Details
- 50 km SW of Fermont / Arcelormittal’s Mont Wright Iron Mine
- 11 km NW of Arcelormittal’s Fire Lake mine
- Located next to:
- Lamêlée North Project (Cliff NR) – 642 Mt at 30.3% Fe
- Lac Peppler (Cliff NR) – 302 Mt at 28.5% Fe
- Southern extension of the Labrador Trough BIF’s mined since 1954
- Series of complexly folded / highly metamorphosed BIF’s
- Coarse hematite, magnetite and quartz
Objectives and Plan
- To build the next iron mine at the southern end of the Labrador through close to Fermont iron ore camp
- Pre-production is expected for Q4-2017
- To produce a low cost, high grade iron concentrate
10 reasons why Lamêlée Iron Ore is your Best Investment Opportunity
Number 10:
The Lamêlée Iron Ore deposit sits in the heart of Quebec’s and Labrador- Newfoundland’s Fermont-Wabush-Labrador City Iron Ore Camp where iron concentrate production is currently at 35 million tonnes per annum.
Number 9:
The Lamêlée Iron Ore deposit contains, as of today, Inferred Mineral Resources 520 million tonnes grading 39.5% Fe2O3 (or 27.6% FeT) - work to be completed in 2014 should increase the size and the quality of the iron resources towards 750 million tonnes at the same grade.
Number 8:
Current funds available will be used to conduct metallurgical test work and produce a Preliminary Economic Assessment (PEA) Study (using economic parameters with a +- 30%) in Q2-2014.
Number 7:
Lamêlée Iron Iron Ore will be managed and operated by members of the team that brought the Bloom Lake iron deposit to production within 4 years of the feasibility study. The company was acquired for $4.9B at $17.25 per share.
Number 6:
Lamêlée Iron Ore expects a viable project producing 5-8 million tonnes of concentrate. Using existing rail and new port infrastructure, between $750 million to $1 billion in capital costs and total operating costs between $60 and $70 per tonne at a sustainable iron ore price of $120-$130 CFR per tonne.
Number 5:
Permitting (environmental, socio-political, First Nations) will not be an issue, since the processing technology follows current industry standards (ie., water is used as the main driver of concentration and there are no deleterious elements in the iron ore); there is only one First Nations group present in the Fermont area which has dealt favorably with the Bloom Lake operation; and Quebec’s and Labrador- Newfoundland’s Fermont-Wabush-Labrador City Iron Ore Camp has a history of iron mining since the 1960’s.
Number 4:
Lamêlée Iron Ore Board and management team has raised more than $1 billion in the past 10 years, most of which for the Bloom Lake iron ore project.
Number 3:
The best time to start a high quality iron ore mining project is when the market perception is bearish, like now …
Number 2:
… and the Asian and Indian appetite for iron ore is still at its highest with these two region’s ore reserves in decline.
Number 1:
This is a very good ore body and this team has a proven track record. THIS IS THE MOST PROMISING IRON ORE PROJECT IN THE LABRADOR TROUGH.
LIR.V(%)
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