The recently completed preliminary economic assessment (PEA) for the Mont Sorcier iron and vanadium project is supporting TSX-V-listed Vanadium One Iron Corp’s vision for a mine near Chibougamau, Quebec.
Announcing the results of the PEA on Thursday, the company said that the study outlined a robust economic assessment for Mont Sorcier, based on a traditional openpit mining scenario with magnetic separation processing to produce about five-million tonnes a year of vanadium-rich iron concentrates, with low levels of impurities.
Based on test work to date, Vanadium One Iron said the concentrates would be amenable for direct blast furnace route use.