Preliminary Feasibility Study of the West and East Pit Deposits of the Fire Lake North Project - Report Writing - Management Assignment Help

Assignment Task

Introduction The Fire Lake North (FLN) Project is being developed by Champion Iron Mines Ltd. (formerly Champion Minerals Inc.). The Project is located within the Labrador trough in northern Québec in the Fermont area. The FLN project consists of two (2) specular hematite deposits referred to as the East deposit and West deposit. A total of 464.6 Mt of Mineral Reserves, as classified according to NI 43-101 guidelines, have been defined and will be processed over 20 years using conventional open pit mining and processing methods. The material collected from the open pit mines will be crushed, stockpiled, ground and treated by a gravimetric process in order to liberate and separate iron particles from the gangue material mainly composed of silica. The tailings generated will be pumped to a tailings pond facility located south-east of the concentrator while the final hematite concentrate will be filtered and loaded into rail cars for delivery to the Port of Sept-Îles, at Pointe-Noire. The project includes a rail link from FLN to Pointe-Noire, the rail garages, rolling stock and related facilities. The Pointe-Noire site includes a stockyard and ship loading facilities where the concentrate will be stockpiled and loaded onto ships prior to final delivery to Champion’s clients. Over the life-of-mine (LOM), an average of 9.3 Mtpy of concentrate at 66% Fe will be produced.

Scope of Study Champion Iron Mines Inc. (Champion) commissioned BBA Inc. (BBA) to conduct a Preliminary Feasibility Study on the development of the FLN (the Project) in the Province of Québec, Canada. The Project comprises the Fire Lake North mine site and infrastructure and the port terminal facility at the Port of Sept-Îles in Pointe-Noire, Québec. Champion also retained the services of Rail Cantech to conduct a Feasibility Study for the development of a railway and ancillary infrastructure linking the FLN mine site to the Pointe-Noire port terminal facilities. The railway is also included in the scope of this Preliminary Feasibility Study.

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