The project’s mineral reserves are estimated at 411.7 million tonnes, with an average content of 30.0% Fe.
The average annual production of concentrate is 7.4 million tons, over a 21-year anticipated mine life span.
The 66.2% Fe concentrate is obtained with an average iron recovery estimated at 83.3%, at an average 30% iron content.
The average production cost is $44.62 per dry metric ton.
The net present value (NPV) pre-tax amounts to C$1,674.8 million and to C$983.5 million after-tax.
The pre-tax internal rate of return (IRR) is estimated at 43.9% and the after-tax IRR at 33.3%.
Total revenues amount to $15.1 billion over the life of the mine.
*According to a feasibility study published in March 2017.