Projects

NML’s opportunity for value creation stems from projects in the historic iron ore region which 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) Investment in operating direct shipping ore ("DSO") project;

2) Refinement of the 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) Assessing the potential of additional Taconite deposits.

DSO Project

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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.

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Taconite Project

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The Taconite Project consists of two deposits: the LabMag deposit located in the Province of Newfoundland & Labrador and the KéMag deposit located in the Province of Quebec. The Feasibility Study has been jointly completed with Tata Steel.

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Certified Taconite Resources

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NML has further development potential through its other land holdings, and carried out exploration to evaluate several properties. This work confirmed NML’s NI 43-101 resource holdings through not only LabMag and KéMag, but also other MIR deposits. The Taconite formation occurring here is a stratigraphic continuation of LabMag to KéMag.

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