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Location: 480 km NW from North West River, Newfoundland and Labrador, Canada
1000, Rue Sherbrooke, Bureau 1120MontréalQuebec, CanadaH3A 3G4
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In December 2020, New Millennium Iron Corp. completed a reorganization that included the sale of its stake in Tata Steel Minerals Canada Ltd. and the buyback of shares held by the Tata Steel Group. Following this, NML merged with Abaxx Technologies Inc. through a reverse takeover.
The DSO deposits were derived from the iron-bearing sediments of the Sokoman Formation and Ruth Formation. The ores, comprising blue and red hematite with goethite and limonite, were formed by the leaching of the gangue minerals such as chert, silicates and carbonates. Of the 22 different deposits that constitute the Project, ten selected deposits were drilled in 2008 and 2009. Drilling yielded 64.1 million tonnes of proven and probable reserves. There are 11.75 million tonnes of inferred resources remaining. In addition, about 40 million tonnes of historical resources will be drilled to expand the resource base.
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