The Iron Bear fe 1.8% gross over riding royalty is for sale.
Only written offers over US$5,000,000 will be acknowledged.
This offer price is valid until June 1st, 2025.
email to : miningjv@yahoo.ca
Overview
 |
| 743584 Ontario's royalty claim block (light blue) |
 |
| Claims staked over the iron formation's intensive 1st derivative mag. image. |
Gross Over Riding Royalty claim block map, pdf p10 
Expected Milestones 2025:
- Current studies being undertaken on power and rail. These will be completed before the Scoping Study, so therefore expected in the coming weeks. (Source: MarketOpen interview).
- Scoping Study including project economics. Timing is 6 to 8 weeks (Source MarketOpen interview which said within next couple of months and 6 to 8 weeks mentioned in Proactive Investors interview). Will include economic and technical numbers. Paul Berend said in Proactive Investor interview "I can say nothing about what that is, except that there are lots of zero's involved."
- "Rapid project development plan with bulk samples of DR and BF concentrates available for steel mill clients in Q1 2025 and DR and BF pellets in Q2 2025" (Source: Half yearly report). To confirm the market demand for the product that will be produced and potentially adding confidence to the premium that could be received for high grade low impurity iron ore - the grade of ore that will be needed to make green steel which is currently only available in limited quantities.
- Drilling program planned for June to November 2025. The drilling plan is for 24,000m (source, ASX announcement 11 March 2025). To put the size and importance of this drilling program into context, previous drilling was "In 2011 this comprised 43 drill holes for 5,662 m and in 2012, drilling of 72 drillholes for 22,359 m" (source: CLE website under Geology page).
- Another cash payment from Vale in three months time (source: ASX announcement 11 March 2025 noting quarterly payments).