Projects
NML opportunity for value creation stems from projects in the historic iron ore region that crosses the provinces of Newfoundland and Labrador and Québec in and around the town of Schefferville, Québec. Here, NML controls the vast Millennium Iron Range (MIR) and is presently active on three projects:
- 1) Development of direct shipping ore ("DSO")
- 2) A comprehensive feasibility study of two taconite deposits – KéMag in the Province of Québec and LabMag in the Province of Newfoundland and Labrador – called the Taconite Project
- 3) A drilling program aimed at identifying deposits that could rival KéMag and LabMag.
DSO Project
NML is developing the DSO Project with its strategic partner, Tata Steel, through a joint venture company called Tata Steel Minerals Canada Ltd. (TSMC), in which NML has a 20% interest and Tata Steel 80%. The DSO Project is operated by TSMC and the main funding requirements of up...
The Taconite Project
The MIR controlled by NML is a massive taconite belt some 210 km long. Although only 10% of the MIR has been explored to date, over 9.0 billion tonnes of NI 43-101 compliant resources are already confirmed in KéMag and LabMag deposits alone and form the nucleus of the...
Exploration Projects
With of the majority of the range still to be explored, the MIR has the potential to become one of the world’s major iron ore producing regions. Based on a magnetometer survey, 9 significant anomalies have been identified and NML has embarked on a drilling program to identify deposits that...
