The project’s mineral measured and indicated resources are estimated at 893.5 million tonnes, with an average content of 29.3% Fe.
The average annual production of concentrate is 15 million tonnes, over a 20-year anticipated mine life span.
The 66.2% Fe concentrate is obtained with an average iron recovery estimated at 82.4%, with an average plant feed at an average of 29.0% iron content.
The average production total cash cost is C$46.6 per dry metric ton.
The net present value (NPV) pre-tax amounts to C$3,762 million and to C$2,384 million after-tax.
The pre-tax internal rate of return (IRR) is estimated at 42.4% and the after-tax IRR at 33.4%.
*According to a feasibility study published in June 2019.