Our wholly-owned Lac Doré project encompasses a strategic undeveloped vanadium resource hosted in iron & titanium bearing titanomagnetite. The resource is ideally located and accessible just 27 kilometres from the mining city of Chibougamau in the geopolitically stable, safe, and mining-friendly jurisdiction of Québec, Canada. The Lac Doré resource represents good potential for future development and strategy for North America as it is one of the few vanadium resources tested successfully for meeting the requirements of quality for vanadium-based energy storage.
GRADE - One of the highest
Relevant section of resource grading 1.4% Vanadium Pentoxide in magnetite concentrate
SIZE - One of the largest
Globally significant vanadiferous titanomagnetite
METALLURGY - Exceptional Quality
Low impurities such as silica and low oxidation enable higher yield magnetite concentrates
Our NI43-101 is stale now. It is an Historical Estimate.Table 17 is from the NI 43-101 Technical Report by CSA Global (2020) and includes an MRE by Longridge & Martinez (2020).This MRE is a historical estimate, being over 3 years old now. Notably, no drilling or sampling has been conducted since then, and major assumptions contained in the report remain similar. Notwithstanding, the Company does not rely upon this CSA Global report and intends to commission an updated Technical Report and MRE in 2024.
EFFECTIVE OCTOBER 27, 2020