Canada

Rose Project

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Categories

Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Lithium
  • Tantalum
  • Spodumene
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life17 years (as of Jan 1, 2023)
ShapshotThe Rose Lithium-Tantalum Project is one of the highest purity hard rock spodumene deposits with low iron and mica content.

Rose project is expected to produce technical grade spodumene concentrate for the glass and ceramics industry and chemical grade spodumene concentrate for conversion for use in batteries for e-mobility, as well as a tantalite concentrate.

The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government, received the Certificate of Authorization pursuant to section 164 of Québec’s Environment Quality Act from the Québec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, and the project mining lease from the Québec Minister of Natural Resources and Forests under the Québec Mining Act.

Owners

SourceSource
CompanyInterestOwnership
Critical Elements Lithium Corp. 100 % Direct
Critical Elements Lithium Corporation owns 100% of the Rose property.

Contractors

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Deposit type

  • Pegmatite

Summary:

The Rose property is located in the southern portion of the Middle and Lower Eastmain Greenstone Belt.

The Middle and Lower Eastmain Greenstone Belt (MLEGB) contains more than one hundred mineral showings exhibiting a variety of ages, host rocks, styles (disseminated sulphides, massive sulphides, veins and dykes) and metal suites. The mineral occurrences of the MLEGB have been divided into six (6) types according to Moukhsil et al. (2007):
1) Sulphide facies iron formation.
2) Volcanogenic mineralization.
3) Magma-related mineralization.
4) Orogenic mineralization.
5) Gold-bearing mineralization associated with oxide- or silicate-facies iron formations.
6) Pegmatite-related mineralization.

Types 1 to 3 are associated with an episode of volcanic arc construction (volcanic cycles 1 to 4). Types 4 and 5 are contemporaneous with major deformation events (D1 and D2), whereas Type 6 is associated with post-tectonic intrusions.

Based solely on its geological environment, the Rose property has potential for a number of deposit types. However, based on the known discoveries, only the type recognized in Type 6 (Rare-Element LCT-type Pegmatite) will be discussed herein.

Gabbros, pyroxenites and diorites cut across the property geology. The Pivert-Rose property also hosts pegmatites, occurring as irregular but generally continuous lenses within the biotite schists.

Other rock types, including gneiss, dacite, quartzite and conglomerate, have also been reported. Lithologies are generally well foliated with a SE orientation, except for the more massive and unfoliated granites and pegmatites.

Mineralization recognized to date on the Rose property includes rare-element LCT-type pegmatites (Block A) and molybdenum occurrences (Block A). An iron occurrence (Block B) is also mentioned in the government database.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityProductUnitsAvg. AnnualLOM
Ta2O5 Oxide in concentrate kt 2
Li2O (chemical grade) Concentrate kt 1582,681
Li2O (technical grade) Concentrate kt 46783
Spodumene Concentrate kt 204
Ta2O5 Concentrate kt 0.6

Operational metrics

Metrics
Daily ore mining rate 0000
Daily processing rate 0000
Daily processing capacity 0000
Annual processing rate 0000000
Stripping / waste ratio 000
Waste tonnes, LOM 000000
Ore tonnes mined, LOM 00000
Total tonnes mined, LOM 000000
Tonnes processed, LOM 00000
* According to 2023 study.

Production Costs

CommodityAverage
Credits (by-product) Li2O 00
Cash costs Li2O 000
Total cash costs Li2O 000
Total cash costs Li2O 0000000
All-in costs Li2O 0000
Assumed price Li2O (technical grade) 0000
Assumed price Li2O (chemical grade) 0000
Assumed price Ta2O5 000
* According to 2023 study / presentation.
Net of By-Product.

Operating Costs

Currency2023
OP mining costs ($/t mined) CAD 4.23 *  
OP mining costs ($/t milled) CAD  ....  Subscribe
Processing costs ($/t milled) CAD  ....  Subscribe
G&A ($/t milled) CAD  ....  Subscribe
Total operating costs ($/t milled) CAD  ....  Subscribe
* According to 2023 study.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M CAD  ......  Subscribe
Sustaining CapEx $M CAD  ......  Subscribe
Total CapEx $M CAD  ......  Subscribe
OP OpEx $M CAD  ......  Subscribe
Processing OpEx $M CAD 709.7
Transportation (haulage) costs $M CAD 598.2
G&A costs $M CAD 544.3
Total OpEx $M CAD  ......  Subscribe
Total Taxes $M CAD  ......  Subscribe
Royalty payments $M CAD  ......  Subscribe
Gross revenue (LOM) $M CAD  ......  Subscribe
Operating margin, %  ......  Subscribe
Pre-tax Cash Flow (LOM) $M CAD  ......  Subscribe
After-tax Cash Flow (LOM) $M CAD  ......  Subscribe
Pre-tax NPV @ 5% $M CAD  ......  Subscribe
Pre-tax NPV @ 10% $M CAD  ......  Subscribe
Pre-tax NPV @ 8% $M CAD  ......  Subscribe
After-tax NPV @ 5% $M CAD  ......  Subscribe
After-tax NPV @ 10% $M CAD  ......  Subscribe
After-tax NPV @ 8% $M CAD  ......  Subscribe
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After-tax IRR, %  ......  Subscribe
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Heavy Mobile Equipment

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EV - Electric

Personnel

Mine Management

Source Source
Job TitleNamePhoneEmailProfileRef. Date
....................... Subscription required ....................... Subscription required ........... Subscription required ........... Subscription required Subscription required Feb 25, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 29, 2023
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....................... Subscription required ....................... Subscription required Subscription required Feb 25, 2024

EmployeesYear
Subscription required 2023

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