Lac Otelnuk Fe Royalty for sale.

  Lac Otelnuk Iron deposit nts 24C01     

     (acknowledged battery metal)

                   

          Claim map is hyperlinked

The Lac Otelnuk mine development project is Quebec's largest iron deposit with a NI 43-101 compliant estimated mineral resource of 20.64 billion tons of ore grading 29.8% iron.

 

In 2012, 60% ownership of the iron deposit was sold to Wuhan Iron and Steel Co. (WISCO). 

In 2021, all the legal and beneficial rights, interest and title in and to all the claims were transferred to 743584 Ontario Inc.

In 2022, all the legal and beneficial rights, interest and title in and to all the claims were transferred to Metalquest Metals.

References:

https://www.mining-technology.com/projects/lac-otelnuk-iron-project-quebec/https://miningdataonline.com/property/1578/Lac-Otelnuk-Project.aspx

https://plannord.gouv.qc.ca infrastructure support pdf p 39

2015 Mineral Resource Highlights:    

The DTWR throughout the mine plan averages 26.5 % Fe2O3t and varies from a high of 33.0 % during year 1 to a low of 25.7 % in year 10.  

Below is the DDH locations with +30% Fe2O3t  data. Use Sigeom DDH function to verify.

 

Royal is for sale.

enquire to:   miningjv@yahoo.ca