Overview
| Status | Inactive / Suspended |
| Mine Type | Open Pit |
| Commodities |
|
| Mining Method |
|
| Mine Life | 20 years (as of Jan 1, 2014) |
Source:
TORONTO, Aug. 7, 2018 /CNW/ - Lamêlee Iron Ore Ltd. (TSX.V: LIR) ("LIR" or the "Company") today announces that further to its news release dated June 1 and 21, 2018, the Company's voluntary delisting from the TSX Venture Exchange will be effective at the close of business August 8, 2018 (the "Effective Date").
Contractors
- Subscription is required.
Summary:
The Lac Lamêlée iron deposit consists of magnetite Banded Iron Formation (“BIF”) of the Lake Superior type.
The Property area was subjected to high-grade metamorphism corresponding to the limit of upper amphibolite-granulite facies resulting from the Grenville Orogeny.
During metamorphism, the iron formation was recrystallized into a meta-taconite that contains coarsegrained specular hematite, granular magnetite and friable quartz. The grade of this type of iron formation is generally higher than in the un-metamorphosed taconite.
The iron mineralization on the Property is hosted in the Wabush Formation, within two major facies:
a) Iron Oxide Facies
The Iron Oxide member has been broken down into the following sub-units:
* Magnetite Iron formation (MIF)
* Hematite (specularite) Iron formation (HIF)
* Magnetite–hematite Iron formation (MHIF/HMIF)
The three sub-units differ in their ratios of magnetite to hematite but are geochemically and texturally similar. The units are described as well-banded, fine to medium grained rock with cm- to mm-scale beds of magnetite and/or hematite (typically specularite) alternating with quartz beds that usually contain disseminated magnetite and/or hematite. Locally, the bedding becomes diffused and the rock turns into a quartzite with disseminated magnetite.
b) Quartz-Pyroxene-Magnetite Facies (QPyrxM)
The QPyrxM unit is characterized by a significant proportion, ........
Summary:
The mining method selected for the Project is a conventional open pit, drill and blast, truck and shovel operation with 15 meter high benches. Topsoil and overburden will be stripped and stockpiled for future reclamation use. The mineralization and waste rock will then be drilled, blasted and loaded into rigid frame haul trucks with hydraulic shovels. The mineralized material will be hauled to the primary crusher and the waste rock will be hauled to the waste rock piles.
The mine plan was used to determine the fleet of mining equipment which was estimated to be include 22 haul trucks (227 tonne), 3 electric drive hydraulic shovels (26.5 m3 bucket), 3 production drills as well as a fleet of support and service equipment.
Source:
Summary:
- subscription is required.
Projected Production:
| Commodity | Units | LOM |
|
Iron
|
kt
| 98,600 |
All production numbers are expressed as concentrate.
Operational Metrics:
| Metrics | |
|
Annual milling capacity
| 13,791,909 t * |
|
Annual production capacity
| 5 Mt of iron concentrate * |
|
Stripping / waste ratio
| 2.3 * |
|
Waste tonnes, LOM
| 636 Mt * |
|
Ore tonnes mined, LOM
| 271.8 Mt * |
|
Total tonnes mined, LOM
| 908 Mt * |
* According to 2014 study.
Reserves at December 14, 2014:
| Category | Tonnage | Commodity | Grade |
|
Inferred
|
354.1 Mt
|
Iron
|
29.49 %
|
- Subscription is required.
Corporate Filings & Presentations:
- Subscription is required.
- Subscription is required.