-TSXV] Mont Sorcier iron and vanadium project near Chibougamau, Quebec is expected to generate average annual royalty revenues of between US$750,000 and US$1.5 million annually.
The PEA outlines a robust economic assessment for Mont Sorcier based upon a traditional open pit mining scenario with magnetic separation processing and a reverse flotation circuit to produce approximately 5.0 million tonnes per annum of low sulphur, vanadium rich iron concentrates, with low levels of impurities.
Mont Sorcier consists of the North and South deposit, both of which feature exceptionally low titanium content, allowing for simple extraction of vanadium metal by a blast furnace, making the deposit unique in world markets.
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