Cerrado gold provides an update on its mont sorcier high purity 67%+ iron grade project in quebec

Detailed metallurgical test work is ongoing and reaffirms production of dri grade, 67%+ or better iron concentrate with combined silica and alumina below 2.5% work programs initiated and dra global appointed to deliver ni 43-101 bankable feasibility study by end of q1 2026 2022 pea on mont sorcier provided an npv8% of us$1.6 billion for a 21-year mine life producing 5mt of iron concentrate per year (300,000 oz/au equiv.) generating us$348m per annum in cash flow based upon initial capex of us$574m ukef and td bank have agreed to sponsor 70% of project capital required subject to customary conditions of export credit agency funding (all numbers reported in us dollars) toronto, on / accesswire / december 4, 2024 / (tsxv:cert)(otcqx:crdof) ("cerrado" or the "company") is pleased to provide an update on its ongoing work programs to complete a ni 43-101 bankable feasibility study("bfs") by end of q1 2026 on its high purity, dri grade, +67% iron mont sorcier magnetite iron ore project located near chibougamau, quebec.
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