BlackRock - 100% owned
- Construction ready BlackRock Vanadium-Titanium-Iron Project (“the Project”) located in Québec
- Mine and concentrator portion of the Project – Chibougamau
- Metallurgical facility portion of the Project – Port Saguenay, a Federal deep seaport with access to St. Lawrence
- NI 43-101 Feasibility Study Effective date: Nov-2022
- Strategic is now looking at building the project in phases:
- Phase 1: Building a 4Mtpa iron pelletizer (larger than planned in the Feasibility Study) at the metallurgical facility at Port Saguenay and using merchant feed for the plan (click here for details: Pellet Project)
- Phase 2: Building the Tenova direct reduction unit at the metallurgical facility to produce direct reduced iron or hot briquetted iron
- Phase 3: Building the mine and concentrator in Chibougamau and the rest of the required components at the metallurgical facility to process the VTM concentrate
Southwest Deposit and Metallurgical Facility Feasibility Study
- C$1,932M after-tax NPV (8%), 18.2% after-tax IRR
- 39 Year Mine Life (just the Southwest deposit)
- Proven and Probable Reserves: 127.8 Mt with 0.46% V2O5 (in situ grade), 40.2% Fe2O3 and 7.8% TiO2
- Set to produce an average annual rate of 526kt of high purity nodular pig iron, 4.4kt of Fev80 and 118kt of titanium slag
Southwest and Armitage Deposits Mineral Resource Estimates
- Measured and Indicated Resources: 355.5 Mt with 0.44% V2O5 (in situ grade), 39.7% Fe2O3 and 7.8% TiO2
- Inferred Resources: 73.3 Mt with 0.44% V2O5 (in situ grade), 39.7% Fe2O3 and 7.9% TiO2
