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Canada

Woodstock Project

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Overview

Mine TypeOpen Pit
StagePreliminary Economic Assessment
Commodities
  • Manganese
  • Iron Ore
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotThe Woodstock Project encompasses the Plymouth deposit. Manganese at the Plymouth deposit predominately occurs as a manganese carbonate, which is preferred, relative to higher-grade manganese oxide feed materials, for production of high-purity manganese metals.

The upgraded mineral resource, issued in March of 2023, supports the Company’s view that Plymouth is a generational asset with the ability to sustainably supply the North American market for decades.

The Company plans to continue baseline environmental field studies in 2025 to support the Environmental Impact Assessment (EIA) registration document.

To advance the plan of completing a feasibility study, a geotechnical diamond drilling program of approximately 3,500 meters is being planned.

Currently, the Company is developing work programs to assess both the operational development of Plymouth and metallurgical processing scenarios.

Owners

SourceSource
CompanyInterestOwnership
Canadian Manganese Company Inc. 100 % Direct
Canadian Manganese Company Inc. holds a 100% interest in the Woodstock manganese project.

Contractors

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Deposit type

  • Banded iron formation

Summary:

The manganese and iron mineralization that forms the Plymouth Deposit is bedded and stratiform in nature and is recognized as being of primary sedimentary origin. Manganese is predominantly in the form of the carbonate mineral rhodochrosite and iron occurs in both oxide (hematite, magnetite, and ilmenite) and carbonate minerals (predominantly siderite). The deposit has been classified by some past workers as being of the Algoma Type banded iron-formation (BIF) group as defined by Gross (1965; 1996). More recent research reported by Way (2012) and Way et al. (2009) indicates that the Plymouth Deposit and its correlatives in this area that include the North Hartford Deposit, also held by CMC, are more appropriately classified as Clinton Type ironstones.

Government mapping in the Project area shows it to be underlain by a belt of Ordovician and Silurian siltstones and slates, collectively referred to as the Aroostook-Percé belt. This includes Late Ordovician to Early Silurian sediments of the Matapedia Group’s Whitehead Falls Formation that are overlain by Early Silurian sediments of the Perham Group’s Smyrna Mills Formation, which are laterally extensive over much of western and northwestern New Brunswick and Maine (Fyffe and Fricke, 1987; NBDNRE, 2000).

The Woodstock area manganese-iron deposits are interpreted to represent a series of Early Silurian manganiferous banded iron formations (BIFs). Six main deposits were identified by gravimetric survey results from the mid-1950s and defined as being large, lenticular-shaped bodies within the Silurian Smyrna Mills Formation. These deposits are interpreted to have formed in a shallow marine basin and are in sharp contact with units of red or green shale (Sidwell, 1957; Roberts and Prince, 1990; Force et al., 1991). Stratigraphic lensing and compositional variation of the manganiferous units has been interpreted to indicate that the deposits are stratigraphically separated and not one continuous unit. The current orientation of bedrock units is primarily a function of two folding generations (F1 and F2). F1 folds trend northeast and are slightly overturned south of the Plymouth Deposit and have axial planes ranging from nearly vertical, to 85° northwest. Fold axes plunge shallowly (< 5 degrees) to the northeast and southwest. F2 folds overprint F1 structures and have axial planes trending northwest, (approximately 320°) and dipping steeply north at approximately 80° (Roberts and Prince, 1990). Both sets of folds were generated during the mid-Devonian Acadian Orogeny and were affected by associated regional sub-greenschist metamorphism. Earlier Silurian deformation is not well represented in the Plymouth area.

The Plymouth Deposit has been described as an assemblage of iron and manganese oxide and carbonate-silicate-oxide facies rocks that formed within a shallow marine basin. Roberts and Prince (1990) described the Plymouth deposits as Banded Iron Formations (BIFs) within a series of sedimentary-volcanic units, but alternative hypotheses suggest the iron-manganese mineralization could have originated from a variety of sources including oceanic hydroxides and/orthe weathering of terrestrial bedrock, with deposition occurring in a continental margin marine setting (Way et al., 2009; Way, 2012). The lack of volcanic association in the associated stratigraphy supports the more recent assessment, which is favoured at present.

Historical interpretation of the mineralization of the Plymouth Deposit indicated that the iron-manganese mineralization can be subdivided into oxide,silicate- carbonate-oxide, and carbonate facies(Sidwell, 1957; Gilders, 1976; Roberts and Prince, 1990). These stratiform deposits are analogous to the Type IIA deposits of bedded manganese oxides and carbonates described by Macharmer (1987). The iron-manganese oxide facies present in the Project area is represented by red to maroon siltstone, and red chert characterized by the mineral assemblage magnetite, hematite, braunite (Mn+2Mn+36[O8SiO4]) and bixbyite ([Mn,Fe]2O3) and ranges between 30% and 80% iron-manganese oxides. Manganese mineralization is predominantly present in the form of rhodochrosite (MnCO3) and minorsursassite (Mn2Al3[(SiO4)(Si2O7)(OH)3]) crosscuts syngenetic iron-manganese mineralization (Sidwell, 1957). Greenish grey siltstone units interbedded with the red and maroon units also carry potentially economic levels of manganese. Bedded layers of both iron-manganese mineralization types are locally observed to be crosscut by veins of quartz, quartz-carbonate, chlorite and iron sulfides (Way et. al., 2009).

As a result of work completed by BMC-CMC and Thibault on the Plymouth Deposit since 2011, it has been recognized that the manganese mineralization in both the red and grey siltstone lithotypes that comprise the deposit is dominated by manganese carbonate in the form of rhodochrosite. The iron mineralization in red and grey siltstones was found to be different, with the dominant iron minerals in the red siltstones being oxides in the form of hematite, magnetite and ilmenite, while the dominant iron mineral in the grey siltstone is a carbonate, predominantly in the form of siderite.

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. Annual
Manganese Electrolytic metal t 80,104
Iron Ore Concentrate kt 23

Production Costs

CommodityUnitsAverage
Cash costs Manganese CAD 0.75 / lb *  CAD
Assumed price Manganese CAD 1.53 / lb *  CAD
Assumed price Iron Ore CAD 153.68 / t *  CAD
* According to 2014 study / presentation.

Operating Costs

Currency2024
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 2014 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M CAD  ......  Subscribe
Sustaining CapEx $M CAD  ......  Subscribe
Closure costs $M CAD  ......  Subscribe
Total CapEx $M CAD  ......  Subscribe
OP OpEx $M CAD  ......  Subscribe
Processing OpEx $M CAD 4,820
G&A costs $M CAD 123.9
Total OpEx $M CAD  ......  Subscribe
Royalty payments $M CAD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M CAD  ......  Subscribe
After-tax Cash Flow (LOM) $M CAD  ......  Subscribe
Pre-tax NPV @ 8% $M CAD  ......  Subscribe
After-tax NPV @ 8% $M CAD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Required Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNamePhoneProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jul 10, 2014
....................... Subscription required ....................... Subscription required Subscription required Jul 10, 2014
....................... Subscription required ....................... Subscription required ........... Subscription required Nov 15, 2024

EmployeesYear
...... Subscription required 2014

Aerial view:

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