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The Lac Otelnuk mine development 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. ...
NML has entered the iron ore market through participation in a direct shipping ore (“DSO”) project owned and operated by Tata Steel Minerals Canada (“TSMC”), under a shareholders’ agreement that includes subsidiaries of Tata Steel (77.68%) and the Quebec Government’s financing arm, Investissement Qu bec (18%), along with NML (4.32%).
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