Lac Otelnuk mine
Iron ore mine in Quebec, Canada
From Wikipedia, the free encyclopedia
Lac Otelnuk mine is the largest iron mine project in Quebec, Canada, with NI 43–101 compliant estimated reserves of 23.74 billion tonnes of ore grading 29.65% iron. 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 Wuhan Iron and Steel Corporation (WISCO). Over $150 million have been invested in the exploration, studies, the 2015 NI 43-101 compliant feasibility study, and the formation of the Lac Otelnuk Mining Company, a joint venture between Adriana Resources Inc and WISCO.
In 2017, Baosteel merged with WISCO and Adriana Resources merged with Sprott Holdings.
See also
References
- "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.
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