Iron Bear Resources has completed a pre-feasibility study for its flagship magnetite project in Canada's Labrador Trough, reporting a 3.3Bt reserve at 29.1% Fe. The PFS indicates a post-tax unleveraged NPV8 of US$9 billion and an IRR of over 15%, with plans to publish an optimized version in November.
Iron Bear Resources is seeking 'Project of National Significance' status in Canada to accelerate permitting for its Labrador iron ore project. The company is benefiting from new federal-provincial regulatory agreements and planned regional hydroelectric and transmission infrastructure investments.
SAGA Metals reported significant drill results from its Radar Critical Minerals Project in Labrador, including a 485.4-meter intercept in hole R-0075 grading 32.21% Fe2O3, 5.30% TiO2, and 0.191% V2O5. The results from seven new holes (R-0075 to R-0081) demonstrate consistent broad oxide mineralization and will support a maiden Mineral Resource Estimate. The company highlighted the continuity of mineralization across multiple cross-sections, with QA/QC procedures disclosed and a Qualified Person sign-off.
Vale has confirmed the acquisition of a 30% minority interest in Ligga S.A. for approximately $190 million. The deal includes an exclusive offtake agreement for 100% of Ligga's sinter feed production and is intended to support an expansion of the Ferro Sul mine in Brazil.
Vale has confirmed the acquisition of a 30% interest in Ligga for approximately $190 million, which includes an exclusive offtake agreement for all of Ligga's sinter feed production. The transaction is intended to support an expansion that would increase Ligga's annual output from 2 million to 8 million tonnes by mid-2028.
Oceanic Iron Ore provides an overview of its Ungava Bay iron ore assets, focusing on the flagship Hopes Advance Project. The project features a 1.36 billion tonne Measured & Indicated resource at 32.1% Fe and projects a post-tax NPV8 of US$1.4 billion based on a 2019 PEA.
Oceanic Iron Ore provides an overview of its Ungava Bay iron ore assets, focusing on the Hopes Advance Project. The project features a 1.36 billion tonne Measured & Indicated resource and shows a post-tax NPV8 of US$2.3 billion at current consensus iron ore prices.
High Tide Resources Corp. announced strong iron drill results from its Labrador West Iron Project, including 128.9 metres of 30.2% Fe and 179.6 metres of 26.7% Fe. The drilling successfully extended mineralization beyond the existing resource boundary, with 11 of 13 holes located outside the current resource. The company expects these results to contribute to an updated mineral resource estimate later this year. The project is strategically located near existing iron ore operations in Newfoundland & Labrador, benefiting from established infrastructure and a new power transmission agreement.
High Tide Resources announced drill results from its Labrador West Iron Project, highlighted by intercepts of 128.9 metres at 30.2% Fe and 179.6 metres at 26.7% Fe. All six reported holes intersected significant iron mineralization, with 11 of 13 holes drilled to date extending mineralization beyond the existing resource boundary. These results are expected to positively impact an updated mineral resource estimate later this year.
