Our business is focused on identifying, mining and processing iron ore mineral reserves and resources.
Our principal objective is to restart operations at the Scully Mine located north of the Town of Wabush, Newfoundland and Labrador. The re-development plan is focused on maximizing the value of the existing infrastructure at the Scully Mine. We are led by a management team with a collective total of over one-hundred years of iron ore, steel and heavy industry experience, in both greenfield and brownfield projects. Our team is focused on productivity, project execution and innovation that delivers value to shareholders. We expect the Scully Mine to produce a high quality iron ore concentrate with characteristics that are desirable to steelmakers, the primary end users of iron ore.
Our expected concentrate grade as set out in the Feasibility Study is 65.9% Fe, a level that exceeds the specifications of both the industry’s standard 62% benchmark as well as the industry’s high grade 65% benchmark, with respect to both grade and quality.