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Bedfordmining JV
[Supply] Iron Ore

[SteelHome] 2020-06-04 10:47:51
Detail  The item has been checked 1156 times
Product: Iron Ore,Iron deposit for option
Specification: 29%
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Detail: The Lac Otelnuk project is Quebec's largest iron deposit with a NI 43-101 compliant estimated size of 23.74 billion tonnes of ore grading 29.65% iron. It is now available for option.
    It is also a rated as a qualified exploration property of merit suitable for a vend-in for a TSXV stock listing.
    In 2012, 60% ownership of the iron deposit was sold to Wuhan Iron and Steel Co. (WISCO).
    Approximately one hundred forty million dollars in expenditures have been invested in the exploration, all studies and the 2015 NI 43-101 compliant feasibility study for the production 68% Fe pellets.
    In May 2020, all of legal and beneficial ownership of 100% rights, interest and to all the claims were returned to BRPI.
    The deposit covers over all of the original BRPi's 129 claims plus 50% interest in the claims within the area of common interest.
    Each of the original 129 claims has a 6 figure excess work expenditures registered and available to be applied against the future annual expenditure commitments to the Quebec ministry of Natural Resources until 2027. Please use Quebec "gestim" claim registry to confirm each claim excess expenditure amounts.
    Google image search"otelnuk" to view more photos and location.
Company Name:
Bedfordmining JV
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