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  

Iron Bear (Block 103) Fe Royalty for sale

  The right to 40% of the   Iron Bear fe 1.8% gross over riding royalty  is for sale.

                                                  

    Overview

   https://www.gov.nl.ca/iet/files/Iron-Bear.pdf

 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).

  email :   miningjv@yahoo.ca

------------ Prospects for Option--------

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