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72Report on Mineral Activities in Québec - 2014

CHAPTER 5

Deposit appraisal and mine developmentMartin Bernatchez, Katrie Bergeron, Denis Blackburn, Dominic Fragasso, Denys Laplante, Jacinthe Paquet, and Denis Raymond

In 2014, 27 mining projects were in the deposit appraisal phase (Figure 5.1 and Table 5.1) and five projects were in the mine development phase (Figure 5.2 and Table 5.2).

5.1 Deposit appraisalAlumina

Orbite Aluminae (Orbite) owns two processing plants on its industrial site in Cap-Chat, Gaspésie. In the first plant, argillite (~20% Al2O3) or any other alumina-rich substance is processed into smelter-grade alumina (~99% Al2O3), whereas in the second plant, smelter-grade alumina is upgraded to produce high-purity alumina (≥ 99.99% Al2O3).

The two plants require additional investments to become operational. In 2014, Orbite opted to invest in its high-purity alumina plant to make it operational for the spring of 2015. The company also stated that no investments were planned for the smelter-grade alumina plant until the high-purity alumina plant had reached full capacity.

Consequently, Orbite will not mine its argillite deposit in the short or medium term to supply its smelter-grade alumina plant. Thus, in 2014, the mining project based in Grande-Vallée (argillite mine) was removed from the list of projects in the deposit appraisal phase.

Iron

Champion Iron (Champion) announced in December 2014 it is making progress on its feasibility study for the Fire Lake North project, stating that “delivery of the full feasibility study remains a primary focus for Champion.” The results of this study are expected before the end of 2015.

Lac Otelnuk Mining (Lac Otelnuk) is a joint venture between Adriana Resources and WISCO International Resources Development & Investment, a Chinese steelmaker. In October 2013, the joint venture commissioned engineering firm SNC-Lavalin to conduct a feasibility study on the Lac Otelnuk project located 150 km north of Schefferville. The study, initially scheduled for release at the end of 2014, is now expected in 2015.

Following a call for interest in July 2014, the Québec government joined forces with Champion (south of Fermont) and Lac Otelnuk (north of Schefferville) to create, on October 16, 2014, the Société ferroviaire du Nord québécois (SFNQ). The latter will be responsible for the preparation of a study aiming to define the optimal railway option to improve access to the Labrador Trough. The study is expected to be released by the end of 2015.

The Québec government’s contribution has been set by decree to a maximum amount of $20 million and will be drawn from the Fonds du Plan Nord. Private partners Champion and Lac Otelnuk will contribute technical data, studies and related services.

In the fall of 2014, Oceanic Iron Ore Corporation announced that additional work on the feasibility study and the environmental impact assessment study on the Hopes Advance project would take place pending the arrival of a major partner on the project. At the end of 2014, the company has not yet succeeded in finding such a partner.

Photo: MERN

73 Report on Mineral Activities in Québec - 2014

In the spring of 2014, New Millennium Iron Corporation and Tata Steel Minerals Canada published a feasibility study for the Taconite-KéMag project located north of Schefferville. The initial investment is now estimated at $8.2 billion for a project to produce 22 Mt per year of concentrate, of which 16 Mt per year will be processed into pellets. At the end of 2014, the two mine developers had not yet secured the financing required to commence construction on the mine site.

The Duncan Lake project is held by Century Iron Mines Corporation (65%) and Augyva Mining Resources (35%). Since the spring of 2013, no significant work has been carried out on the project, and the majority partner, Century Iron Mines, is focusing its efforts on another mining project (Joyce Lake in Labrador). Consequently, the Duncan Lake mining project was removed from the list of projects in the deposit appraisal phase in 2014.

In January 2012, Barlow Mine, a privately funded company, released a NI 43-101-compliant technical report on the Montgolfier Iron Hills iron ore project located about 14 km south of the former Selbaie mine (east of Matagami). The company is seeking financing to continue its work and studies on the project, and to complete a prefeasibility study in 2016. It also intends to prepare a feasibility study by 2019. Main operational issues include the transportation of iron ore concentrate and the mine site’s power supply. Barlow Mine is considering the possibility of joining forces with a strategic partner on this project. The Iron Hills mining project was removed from the list of projects in the deposit appraisal phase at the end of 2014.

Iron-titanium-vanadium

In recent years, BlackRock Metals and Prosperity Minerals Holding have been working on a project to mine a magnetite, ilmenite, and vanadium deposit located east of Chibougamau. The mining project would involve two open pits and would produce a (vanadium-bearing) magnetite concentrate and an ilmenite concentrate. In the fall of 2014, the company announced its intention to add a metallurgical component to the BlackRock project but did not produce a technical or economic study. Overall, the mining project will enable the company to produce pig iron, titanium slag, and vanadium (or ferrovanadium). In 2015, efforts will focus on securing the financing required for the entire project (mining and metallurgical components), at an estimated cost of more than $1 billion.

Graphite

In 2013, Mason Graphite and POCML 1 released the results of a preliminary economic assessment for the Lac Guéret project, located 260 km north of Baie-Comeau, on the west shore of Réservoir Manicouagan. For an initial investment estimated at $130 million, annual production will be on the order of 176,000 tonnes of ore grading 27.4% graphitic carbon (Cg) over a mine life of 22 years. Primary processing is expected to take place at a plant in Baie-Comeau, to produce 50,000 tonnes of concentrate grading 93.7% Cg. The company is planning to publish a feasibility study by the summer of 2015.

On August 8, 2014, Focus Graphite published a feasibility study for the Lac Knife project located 35 km south of Fermont. According to the study, an initial investment of $165 million will result in the annual production of 300,000 tonnes of ore grading 15.1% graphitic carbon (Cg) over an estimated mine life of 25 years. According to the company, mining operations may begin in 2017 and will create up to 80 jobs. Primary processing will take place on site, to produce 44,300 tonnes per year of concentrate grading 97.8% Cg. The company is considering the possibility of producing high-purity processed natural graphite destined for the battery market.

Lithium

In the Abitibi region, Glen Eagle Resources continued its work on the Authier project, where it is planning an open pit mine and the production of 103 kt per year of spodumene concentrate grading 6.0% Li2O. The company is planning to conduct metallurgical tests to confirm its process flowsheet and to determine if it is feasible to produce lithium metal from the spodumene concentrate.

Nemaska Lithium is working on the development of the Whabouchi project, located about 30 km east of the Nemaska Cree community (Baie-James) and about 280 km north of Chibougamau. The company released a feasibility study in July 2014. The projected open pit mine and concentrator with an annual capacity of 213 kt of spodumene concentrate will supply a processing plant located in Valleyfield near Montréal. The plant will produce 28,000 tonnes of lithium hydroxide and 3,250 tonnes of lithium carbonate annually. The entire project requires investments on the order of $500 million and will create 225 jobs on the mine site and 70 jobs at the processing plant. Nemaska Lithium continues to work on the permitting process required for the construction of the mine and concentrator. In November 2014, the company also signed a benefits and impacts agreement relating to development and mining operations on the Whabouchi project with the Grand Council of the Crees, the Cree Nation government, and the Cree Nation of Nemaska.


Lithium and tantalum

Critical Elements Corporation (CEC), on the Rose tantalum-lithium project, plans to mine lithium and tantalum ore in an open pit and concentrate it on site, 30 km north of the Nemaska Cree community. The company is also conside-ring the possibility of building a lithium carbonate production plant on the mine site, and producing both tantalum and mica concentrate. According to the preliminary economic assessment released in December 2011, the project calls for investments on the order of $270 million. In 2014, CEC continued metallurgical tests and other studies in preparation for a feasibility study. Samples of lithium and mica concentrate were shipped to potential end-users for validation.

Nickel, copper, cobalt, and platinum group elements (PGE)

In 2014, Royal Nickel Corporation (RNC) completed all the work required to obtain its environmental certificate of authorization for the Dumont Nickel project. At the end of 2014, RNC had not yet obtained the government decree to go ahead with the project.

Niobium and tantalum

Development of the Crevier niobium-tantalum project held by Crevier Minerals, a subsidiary of MDN, showed little progress in 2014. The project located northwest of Girardville in the Lac-Saint-Jean region has now been moved to the list of deposits with a tonnage estimate.

Gold

Agnico Eagle Mines acquired the Akasaba West project in January 2014. On October 21, 2014, the company sub-mitted a project notice to the Canadian Environmental Assessment Agency (CEAA). The CEAA made a call for public comments before making a decision on whether the project should undergo a federal environmental assessment. The MDDELCC also received the project notice and issued a directive on November 11, 2014. The gold and copper open pit mine will have an estimated mine life of four years at an average mining rate of 4,000 tonnes of ore per day, to be treated at the Goldex mill (~30 km). Ore will be shipped either on the existing road network (Chemin du Lac-Sabou-rin and Route 117) or via a new hauling road from Akasaba West to the Manitou site then on existing roadways. This mining project will extend the life of the processing plant on the Goldex mine site, and the resulting tailings, like those of the Goldex mine, will also contribute to the restoration of the historic tailings pond at the Manitou site (listed in the MERN’s inventory of environmental liabilities). Agnico Eagle Mines held meetings with the local community and elected officials.

The Croinor Gold project held by Monarques Gold Corporation is located 50 km east of Val-d’Or. In October 2014, an updated prefeasibility study was published. The project involves underground mining operations over a period of five years at a daily production rate of 475 to 675 tonnes. Ore will be custom-milled by one of the mills in the region. Investments required for construction are estimated at $27.34 million. Monarques Gold Corporation is planning to test a new mining method using equipment developed by Minrail based in Val-d’Or, designed for shallow-angle mining operations.

In April 2014, Clifton Star Resources published the results of a prefeasibility study on the Duparquet project lo-cated near the town of Duparquet, in the Abitibi-Témiscamingue region. The study considers open pit mining of the gold deposit and of mine tailings at the former Beattie mine, for a capital cost of $394 million. The life of the project is estimated at 11 years at a production rate of 10,000 tonnes of ore per day. Since June 2014, Clifton Star Resources has been involved in a legal dispute concerning allegations of mining title transfers dating back nearly twenty years. This issue, as well as the difficult gold market, made it impossible for the company to raise the financing required to acquire the remaining 90% interest from Beattie Gold Mines and 173714 Canada, the legal owners of the two mining leases on the property.

The Fayolle project held by Typhoon Exploration and Hecla Québec is located 40 km northeast of Rouyn-Noran-da, near the southern limit of Parc national d’Aiguebelle. On March 28, 2013, a preliminary economic assessment was published. Two scenarios were considered: open pit mining and underground mining. The study considers a project with a mine life of three years at a production capacity of 750 to 1,000 tonnes of ore per day. Investments for the open pit and underground scenarios are estimated at $5.9 million and $22.7 million, respectively. On May 27, 2014, Hecla Québec acquired 50% interest in the Fayolle project and became project operator. The company may acquire 15% additional interest over the next two years by completing a feasibility study or investing $15 million on the property. The proximity of Parc national d’Aiguebelle represents a social acceptability issue. In addition to public presentations, Typhoon Exploration and Hecla Québec have undertaken discussions with local citizens and public representatives.


On the Granada project, located 2.5 km south of the town of Granada and about 9 km south of Rouyn-Noranda, Gold Bullion Development Corporation (Gold Bullion) is planning two phases of mining, first by open pit then by under-ground methods. In May 2014, the company published a prefeasibility study for the first phase of the project. Investments to complete this phase are estimated at $6.7 million. The open pit mine has a projected mine life of three years at a production rate of 550 tonnes of ore per day, and the ore will be shipped to the Westwood mill for processing. Gold Bullion is planning to begin open pit mining operations in 2015, pending the issuance of environmental permits.

Since the end of 2010, QMX Gold Corporation has been involved in an arbitration process with Thundermin Resources concerning the Lac Pelletier property near Rouyn-Noranda. On May 20, 2014, a decision was announced in favour of QMX Gold Corporation.

In April 2014, Integra Gold Corporation (Integra) published a preliminary economic assessment for the Lamaque South project located in Val-d’Or, near the southeast city limits. This project involves underground mining in the Fortune, Parallel, No.4 Plug, and Triangle zones at a daily rate of 1,275 tonnes of ore over a period of more than four years. Investments for the construction of the mine were estimated at $69.2 million. However, this amount may be scaled down as Integra acquired the Sigma milling complex and the Sigma and Lamaque properties in October 2014. This acquisition gives the company access to an ore processing plant, a network of underground workings, and a number of certificates of authorization issued by the MDDELCC. Technical studies are being updated and the results are expected in early 2015.

Phosphate

Mine Arnaud is project operator on the Arnaud mining project, located about 15 km west of the city of Sept-Îles. The project involves an open pit mine and a concentrator, and will produce an average of 1.2 Mt of apatite concentrate per year over a period of 30 years. In February 2014, a report from the Bureau d’audiences publiques sur l’environnement (BAPE) was publicly released on this project. The report concluded that the project was not acceptable in the form presented during public hearings in 2013. Consequently, in 2014, Mine Arnaud focused on the preparation and presentation of complementary studies in an effort to document in greater detail certain aspects requested by the Québec government, the BAPE, and the population. A feasibility study was namely submitted to the Québec government in September 2014. In 2015, a government decree may be issued for the certificate of authorization. The capital cost of the project is estimated at about $855 million, and the project will create about 275 direct mining jobs.

Arianne Phosphate is working on the development of the Lac à Paul project, located about 200 km north of the city of Saguenay. The project involves an open pit mine and a concentrator, an average annual production on the order of 3 Mt of apatite concentrate and a mine life of at least 26 years. The capital cost for the project is estimated at about US$1.2 billion, including costs to upgrade the road access and build port facilities in Sainte-Rose-du-Nord. The project will create some 375 direct mining jobs.

A feasibility study was made public in November 2013. In 2014, the company provided more details and better defined certain aspects of the project, namely the transportation component. Information sessions and public hearings by the BAPE are expected to begin in February 2015.

Rare earth elements

Commerce Resources Corporation completed metallurgical tests, environmental analyses, geotechnical drilling and definition drilling on the Eldor (Ashram) project in 2014, in preparation for a feasibility study. According to the preliminary economic assessment dated July 2012, the project, located in the Labrador Trough about 130 km south of Kuujjuaq, involves an open pit mine, a concentrator, and a hydrometallurgical plant. A mixed rare earth carbonate concentrate will be produced at a rate of 16.8 kt per year for at least 25 years. Capital costs for the project are estimated at $763 million, including the cost of building a road and port facilities. The project will create 230 jobs.

Quest Rare Minerals (Quest) continues development work on the Strange Lake project (B-Zone deposit), located 220 km northeast of Schefferville. Based on the prefeasibility study released on November 23, 2013, the project involves an open pit mine and a mill at Strange Lake, as well as a hydrometallurgical plant and a rare earth element separation plant in Bécancour. Production of a rare earth oxide concentrate is also considered. Quest raised $3 million in financing and is eligible for an equity financing of $600,000 from Ressources Québec, which would enable the company to complete the first phase of the feasibility study estimated at $50 million. The feasibility study and environmental permitting process for Strange Lake (north part of the project) are expected to begin in 2015. The commencement of mining operations is planned for 2019. This project, at an estimated cost of $1.531 billion, will create 500 jobs during the construction phase and 683 jobs during the mining phase. The company is seeking a strategic partner on the project. Quest is also negotiating an agreement with Native communities in Labrador.


In the Témiscamingue region, on the Zeus property, Matamec Explorations completed a feasibility study on the Kipawa rare earth project in September 2013, the first study of its kind in Québec. The project involves an open pit mine, a mill, and a hydrometallurgical plant, and targets a total annual production of 3.6 kt of mixed heavy rare earth concentrate and mixed light rare earth concentrate. At an estimated cost of $374 million, this project could create 230 jobs. In 2014, Toyotsu Rare Earth Canada (TRECan), Matamec Explorations’s strategic partner, withdrew from the project. Matamec Explorations is planning another phase of metallurgical testing, process optimization, and engineering over the next few months. The permitting process is underway and mining operations may begin over the course of 2016.

Also worthy of mention is the Montviel project held by GeoMegA Resources, an advanced exploration project located near Lebel-sur-Quévillon. This project will include a mine and a concentrator, but also entails the development of a new technology to separate rare earths by electrophoresis. A preliminary economic assessment is expected in 2015. In addition, Innovation Metals, which already operates a rare earth separation laboratory in Ontario, may build a rare earth separation plant in the Bécancour area.

5.2 Mine developmentDiamond

Stornoway Diamonds (Canada), a subsidiary of Stornoway Diamond Corporation, is developing the Renard project located north of the Monts Otish, about 360 km north of Chibougamau. Construction of the mine began in July 2014. Mining operations will take place by open pit and underground methods, and will produce an average of 1.6 million carats of diamonds annually. The expected mine life is currently estimated at 11 years, but is likely to be extended. Mining operations are expected to begin in 2016 and will create nearly 500 jobs.

Stornoway Diamond Corporation concluded a new agreement for the financing of the Renard project with various financial partners. This new financing package totals $944 million, and includes financial commitments from Orion for $407 million, from Ressources Québec for $240 million and from the Caisse de dépôt et placement du Québec for $105 million. The financing package also calls for a public placement of $132 million as well as an equipment financing facility from Caterpillar for an amount of $39 million. Stornoway had already contracted a loan of $77 million from the Ministère de l’Économie, de l’Innovation et des Exportations for the road and of $13 million from the Cree Nation of Mistissini. The total amount of financing required is $1.034 billion.

Stornoway Diamond Corporation completed construction of segments C and D of the Route 167 Extension, as well as an airport on the mine site.

Iron

Tata Steel Minerals Canada, a joint venture between New Millennium Iron Corporation (20%) and Tata Steel (80%), continued construction of its processing plant for the DSO project near Schefferville. Although the plant is located in Labrador, part of its iron ore feedstock will come from open pits located within Québec. Commissioning and ramping up of the processing plant are expected to begin in the spring of 2015.

Lithium

In the Abitibi region, near the town of La Corne, Québec Lithium, a subsidiary of RB Energy, attempted to commis-sion its concentrator and lithium carbonate chemical production plant. Despite its efforts and the production of a few tonnes of lithium carbonate, RB Energy announced in 2014 it was temporarily suspending operations and placed itself under the protection of the Companies’ Creditors Arrangement Act. Subsequently, the company permanently ceased operations and went into receivership.

Nickel, copper, cobalt, and platinum group elements (PGE)

The Nunavik Nickel mine held by Canadian Royalties reached commercial production during the third quarter of 2014. It is now considered, since the summer of 2014, an active mine.


Gold

The Elder project held by Abcourt Mines is located 10 km northwest of Rouyn-Noranda. Despite the production of a first gold bar in October 2013, the company was unable to reach commercial production before the end of 2014, due to the need to strengthen pillars following the discovery of new ore shoots. Ore extracted at the mine was processed at the Aurbec mill until October 2014, and subsequently at the mill operated by QMX Gold Corporation.

In the Baie-James region, a first gold bar was poured in October 2014 on the Eleonore project. Les Mines Opinaca, a subsidiary of Goldcorp, expects to reach commercial production before the end of March 2015. Investments for the construction of this underground mine and the processing plant reached $2.04 billion and the project has created 900 jobs. In 2015, the plant is expected to process 3,500 tonnes of ore per day, and this rate will be increased to 7,000 tonnes per day in 2018.


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Figure 5.1 - Location of projects in the deposit appraisal phase in Québec in 2014.


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yea

rs

3M

ALA

PAR

T /

23B

06 /

Cô

te-N

ord

Fire

Lak

e N

ort

h

Ch

amp

ion

Iro

n

Min

es /

sub

sid

iary

o

f C

ham

pio

n Ir

on

Li

mit

ed

Spe

cula

r he

mat

ite

in m

etam

orp

ho

sed

La

ke

Su

per

ior-

typ

e ir

on

fo

rmat

ion

sO

pen

pit

min

e

Iro

n*2

3.73

Mt

at

35.9

6% F

e*4

40.8

6 M

t at

32

.17%

Fe

40.3

Mt

at

34.1

9% F

e71

5 M

t at

31

.42%

Fe

461

Mt

at

31.8

3% F

e26

Mt/

y (m

ill)

n/a

20 y

ears

424

M08

/ N

ord

-du

-Qu

ébec

Ho

pes

A

dva

nce

Oce

year

ic Ir

on

Ore

C

orp

ora

tio

nTa

con

ite

Op

en p

it m

ine

Iro

n*7

63.2

8 M

t at

32

.3%

Fe

*595

.99

Mt

at

32.1

% F

e77

4.24

Mt

at

32.2

% F

e61

3.8

Mt

at

32%

Fe

222.

19 M

t at

32

.5%

Fe

26 M

t/y

(mill

)n

/a31

yea

rs

532

E10

/ N

ord

-du

-Qu

ébec

Iro

n H

ills

Bar

low

Min

eTa

con

ite

Op

en p

it m

ine

Iro

nn

/an

/a82

6.5

Mt

at

21%

Fe

437.

1 M

t at

20

.1%

Fe

1.02

7 G

t at

20

.1%

Fe

60 M

t/y

(mill

)n

/an

/a

633

F05

/ N

ord

-du

-Qu

ébec

Lac

Du

nca

n

Cen

tury

Iron

Min

es

Co

rpo

rati

on

an

d

Au

gyv

aM

inin

g R

eso

urc

es

Mag

net

ite

in m

eta-

mo

rph

ose

d L

ake

Su

per

ior-

typ

e ir

on

fo

rmat

ion

Op

en p

it m

ine

Iro

nn

/an

/a40

6 M

t at

23

.92%

Fe

645

Mt

at

24.7

3% F

e56

3 M

t at

24

.69%

Fe

40 M

t/y

(mill

)n

/a20

yea

rs

723

N16

/ N

ord

-du

-Qu

ébec

Lac

Ote

lnu

k

Lac

Ote

lnuk

Min

ing

/ j

oin

t ve

ntu

re

Ad

rian

a R

eso

urc

es

and

WIS

CO

In

tern

atio

nal

R

eso

urc

es

Dev

elo

pm

ent

&

Inve

stm

ent

Taco

nit

eO

pen

pit

min

eIr

on

n/a

n/a

16.2

1 G

t at

29

.3%

Fe

4.43

Gt

at

31.5

% F

e6.

84 G

t at

29

.8%

Fe

120

Mt/

y

(mill

)n

/a30

yea

rs

823

O04

/ N

ord

-du

-Qu

ébec

Taco

nit

e-K

éMag

New

Mill

enni

um

Iro

n C

orp

ora

tio

n

and

Tata

Ste

el

Min

eral

s C

anad

a

Taco

nit

eO

pen

pit

min

eIr

on

*1.1

72 G

t at

31

.2%

Fe

*718

Mt

at

31.4

% F

e1.

507

Gt

at

31.4

5% F

e87

6 M

t at

31

.95%

Fe

1.00

7 G

t at

31

.56%

Fe

88 M

t/y

(m

ill)

n/a

25 y

ears

Gra

ph

ite

922

N03

/ C

ôte

-No

rdLa

c G

uér

etM

aso

n G

rap

hit

e /

join

t ve

ntu

re

PO

CM

L 1

Para

gn

eiss

Op

en p

it m

ine

Gra

ph

ite

n/a

n/a

19.1

1 M

t at

17

.88%

Gp

46.5

9 M

t at

16

.9%

Gp

17.6

5 M

t at

17

.24%

Gp

50,0

00 t

/y

(mill

)20

1722

yea

rs

1023

B11

/ C

ôte

-No

rdLa

c K

nif

eFo

cus

Gra

ph

ite

Para

gn

eiss

Op

en p

it m

ine

Gra

ph

ite

*0.4

3 M

t at

23

.61%

Gp

*7.4

3 M

t at

14

.64%

Gp

0.43

Mt

at

23.6

6% G

p9.

14 M

t at

14

.35%

Gp

3.1

Mt

at

13.2

5% G

p44

,300

t/y

(m

ill)

2017

25 y

ears

Lith

ium

, lith

ium

-tan

talu

m

11LA

MO

TT

E /

32D

08 /

Ab

itib

i-Té

mis

cam

ing

ue

Au

thie

rG

len

Eag

le

Res

ou

rces

Sp

od

um

ene-

bea

rin

g

gra

nit

ic p

egm

atit

esO

pen

pit

min

eLi

thiu

mn

/an

/a2.

36 M

t at

0.

9% L

i 2O5.

12 M

t at

0.

92%

Li 2O

0.29

Mt

at

0.87

% L

i 2O2,

200

t/d

(m

ill)

n/a

12 y

ears

1233

C01

/ N

ord

-du

-Qu

ébec

Ro

se Ta

nta

le-

Lith

ium

Cri

tica

l Ele

men

ts

Co

rpo

rati

on

Sp

od

um

ene-

bea

rin

g

gra

nit

ic p

egm

atit

esO

pen

pit

min

e

Lith

ium

Tan

talu

mn

/an

/an

/a26

.5 M

t at

0.

98%

Li 2O

163

g/t

Ta2O

5

10.7

Mt

at

0.86

% L

i 2O14

5 g

/t Ta

2O5

4,60

0 t/

d

(mill

)n

/a17

yea

rs

1332

O12

/ N

ord

-du

-Qu

ébec

Wh

abo

uch

iN

emas

ka L

ith

ium

Sp

od

um

ene-

bea

rin

g

gra

nit

ic p

egm

atit

esU

nd

erg

rou

nd

an

d

op

en p

it m

ine

Lith

ium

*13.

3 M

t at

1.

54%

Li 2O

*14

Mt

at1.

39%

Li 2O

13 M

t at

1.

6% L

i 2O14

.99

Mt

at

1.54

% L

i 2O4.

69 M

t at

1.

51 %

Li 2O

2,74

0 t/

d

(mill

)20

1726

yea

rs


TAB

LE 5

.1 –

Min

ing

pro

ject

s in

th

e d

epo

sit

apra

isal

ph

ase

in Q

uéb

ec –

Dec

emb

er 3

1, 2

014

(1) (s

ee F

igu

re 5

.1).

No.

To

wN

sh

ip /

NT

s /

A

dm

iNis

Tr

AT

ive

re

gio

N

pr

oje

cT

co

mpA

Ny

su

mm

Ary d

es

cr

ipTio

N

of

Th

e p

ro

jec

T A

Nd

Ty

pe o

f m

iNe

co

mm

od

iTie

sp

ro

ve

N

re

se

rv

es

(2)

pr

ob

Ab

le

re

se

rv

es

(2)

me

As

ur

ed

re

so

ur

ce

s

iNd

icA

Te

d

re

so

ur

ce

s

iNfe

rr

ed

re

so

ur

ce

s

ex

Tr

Ac

Tio

N o

r

mil

l N

om

iNA

l c

ApA

ciT

y

ex

pe

cT

ed

sTA

rT-u

p

dA

Te

ex

pe

cT

ed

miN

e l

ife

Nic

kel

, co

pp

er,

cob

alt,

PG

E

14LA

UN

AY

/ 32

D09

/ A

bit

ibi-

Tém

isca

min

gu

eD

um

on

t N

icke

lR

oya

l Nic

kel

Co

rpo

rati

on

Mag

mat

ic d

epo

sit

Op

en p

it m

ine

Nic

kel

Co

bal

tPa

llad

ium

Pla

tin

um

*179

.6 M

t at

0.

32%

Ni

114

g/t

Co

0.02

9 g

/t P

d0.

013

g/t

Pt

*999

Mt

at

0.26

% N

i10

6 g

/t C

o0.

017

g/t

Pd

0.00

8 g

/t P

t

372.

1 M

t at

0.

28%

Ni

112

g/t

Co

0.02

4 g

/t P

d0.

011

g/t

Pt

1.29

Gt

at

0.26

% N

i10

6 g

/t C

o0.

017

g/t

Pd

0.00

8 g

/t P

t

499.

8 M

t at

0.

26%

Ni

101

g/t

Co

0.01

4 g

/t P

d0.

006

g/t

Pt

52,0

00 t

/d

(mill

)20

1733

yea

rs

Nio

biu

m a

nd

tan

talu

m

15C

RE

VIE

R /

32H

07 /

Sag

uen

ay –

La

c-S

ain

t-Je

anC

revi

erC

revi

er M

iner

als

/ su

bsi

dia

ry o

f M

DN

Car

bo

nat

ite

Op

en p

it m

ine

Nio

biu

mTa

nta

lum

n/a

n/a

12.4

7 M

t at

0.

20%

Nb

2O5

0.23

% Ta

2O5

12.9

0 M

t at

0.

19%

Nb

2O5

0.23

% Ta

2O5

15.4

2 M

t at

0.

17%

Nb

2O5

0.25

% Ta

2O5

6,00

0 t/

d

(mill

)n

/a18

yea

rs

Go

ld

1632

C04

/ A

bit

ibi-

Tém

isca

min

gu

eA

kasa

ba

Ou

est

Ag

nic

o E

agle

M

ines

Dis

sem

inat

ed g

old

su

lph

ides

O

pen

pit

min

e

Go

ldC

op

per

n/a

n/a

n/a

6 M

t at

0.

73 g

/t A

u0.

4% C

un

/a

4,00

0 t/

y

(ext

ract

ion

) O

re p

roce

ssed

at

Go

ldex

2018

4 ye

ars

17P

ER

SH

ING

/ 32

C03

/ A

bit

ibi-

Tém

isca

min

gu

eC

roin

or

Go

ldM

on

arq

ues

Go

ld

Co

rpo

rati

on

Lo

de

go

ldU

nd

erg

rou

nd

min

eG

old

*0.0

7 M

t at

6.

25 g

/t A

u*0

.47

Mt

at

6.85

g/t

Au

0.08

Mt

at

8.41

g/t

Au

0.6

Mt

at

9.18

g/t

Au

0.16

Mt

at

8.56

g/t

Au

425

t/d

(e

xtra

ctio

n)

n/a

5 ye

ars

18D

UPA

RQ

UE

T /

32D

11 /

Ab

itib

i-Té

mis

cam

ing

ue

Du

par

qu

etC

lifto

n S

tar

Res

ou

rces

Dis

sem

inat

ed g

old

su

lph

ides

an

d

sto

ckw

erk

Op

en p

it m

ine

Go

ld0.

19 M

t at

1.

38 g

/t A

u39

.17

Mt

at

1.5

g/t

Au

n/a

20.1

9 M

t at

1.

26 g

/t A

u23

.9 M

t at

1.

17 g

/t A

u10

,000

t/d

(m

ill)

n/a

11 y

ears

19A

IGU

EB

ELL

E /

32D

07 /

Ab

itib

i-Té

mis

cam

ing

ue

Fayo

lle

Typ

ho

on

E

xplo

rati

on

/ H

ecla

Qu

ébec

(j

oin

t ve

ntu

re)

Dis

sem

inat

ed g

old

su

lph

ides

an

d

sto

ckw

erk

Op

en p

it m

ine

Go

ldn

/an

/an

/a0.

55 M

t at

5.

75 g

/t A

un

/a

750

to

1,00

0 t/

d

(ext

ract

ion

) O

re p

roce

ssed

at

Wes

two

od

n/a

3 ye

ars

20R

OU

YN

/ 32

E02

/ A

bit

ibi-

Tém

isca

min

gu

eG

ran

ada

Go

ld B

ulli

on

D

evel

op

men

t C

orp

ora

tio

n

Lod

e g

old

Op

en p

it a

nd

u

nd

erg

rou

nd

min

eG

old

0.17

Mt

at

3.72

g/t

Au

0.4

Mt

at

4.46

g/t

Au

0.11

Mt

at

7.14

g/t

Au

1.22

Mt

at

5.54

g/t

Au

0.76

Mt

at

4.38

g/t

Au

550

t/d

(e

xtra

ctio

n)

Ore

p

roce

ssed

at

Wes

two

od

2015

3 ye

ars

for

the

op

en

pit

min

e

21R

OU

YN

/ 32

D03

/ A

bit

ibi-

Tém

isca

min

gu

eLa

c Pe

lleti

erQ

MX

Go

ld

Co

rpo

rati

on

Lod

e g

old

Un

der

gro

un

d m

ine

Go

ld*0

.06

Mt

at

6.2

g/t

Au

*0.1

1 M

t at

6.

6 g

/t A

u0.

06 M

t at

8.

6 g

/t A

u0.

22 M

t at

8.

61 g

/t A

u0.

42 M

t at

8.

37 g

/t A

u

620

t/d

(e

xtra

ctio

n)

Ore

pro

cess

ed

at C

amfl

o

2015

1 ye

ar

2232

C04

/ A

bit

ibi-

Tém

isca

min

gu

eLa

maq

ue

Su

dIn

teg

ra G

old

C

orp

ora

tio

nLo

de

go

ldU

nd

erg

rou

nd

min

eG

old

n/a

n/a

n/a

3.33

Mt

at

7.1

g/t

Au

0.85

Mt

at

10.8

g/t

Au

2,20

0 t/

d

(mill

)n

/a4

year

s

Ph

osp

hat

e

23A

RN

AU

D /

22J0

2 /

Cô

te-N

ord

Arn

aud

Min

e A

rnau

dLa

yere

d m

afic

com

ple

xO

pen

pit

min

eA

pat

ite

*274

.18

Mt

at

4.22

% P

2O5

*68.

42 M

t at

4.

61%

P2O

5

413.

58 M

t at

4%

P2O

5

131.

91 M

t at

3.

98%

P2O

5

44.6

4 M

t at

3.

36%

P2O

5

30,0

00 t

/d

(mill

)20

1928

yea

rs

2422

E15

/ S

agu

enay

–

Lac

Sai

nt-

Jean

Lac

at P

aul

Ari

anne

Pho

spha

teA

no

rth

osi

te-r

elat

ed

mag

mat

ic d

epo

sit

Op

en p

it m

ine

Ap

atit

e*3

13.7

1 M

t at

6.

92%

P2O

5

*158

.38

Mt

at

6.8%

P2O

5

336.

76 M

t at

7.

22%

P2O

5

253.

48 M

t at

7.

02%

P2O

5

9.81

Mt

at

5.89

% P

2O5

55,0

00 t

/d

(mill

)20

1826

yea

rs


TAB

LE 5

.1 –

Min

ing

pro

ject

s in

th

e d

epo

sit

apra

isal

ph

ase

in Q

uéb

ec –

Dec

emb

er 3

1, 2

014

(1) (s

ee F

igu

re 5

.1).

No.

To

wN

sh

ip /

NT

s /

A

dm

iNis

Tr

AT

ive

re

gio

N

pr

oje

cT

co

mpA

Ny

su

mm

Ary d

es

cr

ipTio

N

of

Th

e p

ro

jec

T A

Nd

Ty

pe o

f m

iNe

co

mm

od

iTie

sp

ro

ve

N

re

se

rv

es

(2)

pr

ob

Ab

le

re

se

rv

es

(2)

me

As

ur

ed

re

so

ur

ce

s

iNd

icA

Te

d

re

so

ur

ce

s

iNfe

rr

ed

re

so

ur

ce

s

ex

Tr

Ac

Tio

N o

r

mil

l N

om

iNA

l c

ApA

ciT

y

ex

pe

cT

ed

sTA

rT-u

p

dA

Te

ex

pe

cT

ed

miN

e l

ife

Rar

e ea

rth

s

2524

C16

/ N

ord

-du

-Qu

ébec

Eld

or

(A

shra

m)

Co

mm

erce

R

eso

urc

es

Co

rpo

rati

on

RE

E-e

nri

ched

ca

rbo

nat

ite

Op

en p

it m

ine

Rar

e ea

rth

sLi

gh

t R

EH

eavy

RE

Ytt

riu

m

n/a

n/a

1.59

Mt

at

1.77

% T

RE

O1.

65%

LR

EO

0.06

8% H

RE

O0.

058%

Y2O

3

27.6

7 M

t at

1.

9% T

RE

O1.

82%

LR

EO

0.05

% H

RE

O0.

038%

Y2O

3

219.

8 M

t at

1.

88%

TR

EO

1.81

% L

RE

O0.

044%

HR

EO

0.03

% Y

2O3

4,00

0 t/

d

(mill

)n

/a25

yea

rs

26V

ILLE

DIE

U /

31L1

5 /

Ab

itib

i-Té

mis

cam

ing

ue

Kip

awa

(Zeu

s)

Mat

amec

E

xplo

rati

on

s /

Toyo

tsu

Rar

e E

arth

C

anad

a

RE

E-e

nri

ched

syé

nit

eO

pen

pit

min

e

Rar

e ea

rth

sH

eavy

RE

Lig

ht

RE

Ytt

riu

m

*10.

22 M

t at

0.

44%

TR

EO

0.05

9% H

RE

O0.

279%

LR

EO

0.10

1% Y

2O3

*9.5

5 M

t at

0.

379%

TR

EO

0.05

3% H

REO

0.23

9% L

RE

O

0.08

7% Y

2O3

10.4

8 M

t at

0.

461%

TR

EO

0.06

2% H

RE

O0.

294%

LR

EO

0.10

6% Y

2O3

13.3

8 M

t at

0.

364%

TR

EO

0.05

% H

RE

O0.

232%

LR

EO

0.08

2% Y

2O3

3.27

Mt

at

0.30

9% T

RE

O0.

039%

HR

EO

0.22

1% L

RE

O0.

064%

Y2O

3

3,65

0 t/

d

(mill

)20

1613

yea

rs

2724

A08

/ N

ord

-du

-Qu

ébec

Str

ang

e La

ke /

B-Z

on

eQ

ues

t R

are

M

iner

als

RE

E-

enri

ched

p

egm

atit

e an

d a

plit

e in

per

alka

line

gra

nit

eO

pen

pit

min

e

Rar

e ea

rth

sLi

gh

t R

EH

eavy

RE

Nio

biu

mZ

irco

niu

mY

ttri

um

Haf

niu

m

n/a

n/a

n/a

278.

13 M

t at

0.

93%

TR

EO

0.57

% L

RE

O0.

12 %

HR

EO

0.

18 %

Nb

2O5

1.92

% Z

rO2

0.24

% Y

2O3

0.05

% H

fO2

214.

35 M

t at

0.

85%

TR

EO

0.55

% L

RE

O0.

11%

HR

EO

0.

14%

Nb

2O5

1.71

% Z

rO2

0.19

% Y

2O3

0.04

% H

fO2

1,53

8 M

t/y

(mill

)20

1930

yea

rs

No

tes:

1-T

he

list

of

abb

revi

atio

ns

is p

rovi

ded

in A

pp

end

ix 2

. D

ata

com

pile

d in

th

is t

able

are

pre

limin

ary

and

are

bas

ed o

n in

form

atio

n p

ub

licly

rel

ease

d b

y m

inin

g c

om

pan

ies.

2- T

he

dis

tin

ctio

n b

etw

een

pro

ven

an

d p

rob

able

res

erve

s, a

nd

bet

wee

n m

easu

red

, in

dic

ated

, an

d in

ferr

ed r

eso

urc

es is

defi

ned

in a

cco

rdan

ce w

ith

Nat

ion

al In

stru

men

t 43

-101

.

* - T

he

rese

rves

are

incl

ud

ed in

th

e re

sou

rces

.

RE

: Rar

e ea

rth

sLR

EO

: Lig

ht

rare

ear

th o

xid

es (

lan

than

um

, cér

ium

, pra

séo

dym

yum

, néo

dym

ium

, sam

ariu

m)

HR

EO

: Hea

vy r

are

eart

h o

xid

es (

euro

piu

m, g

ado

liniu

m, t

erb

ium

. Dys

pro

siu

m, h

olm

ium

, erb

ium

, th

uliu

m, y

tter

biu

m, l

uté

ciu

m)

TR

EO

: To

tal r

are

eart

h o

xid

es (

LRE

O +

HR

EO

+ Y

2O3)


TAB

LE 5

.2 –

Min

ing

pro

ject

s in

th

e d

evel

op

men

t p

has

e in

Qu

ébec

– D

ecem

ber

31

, 2

014

(1) (

see

Fig

ure

5.2

).

No.

To

wN

sh

ip /

NT

s /

Ad

miN

isT

rA

Tiv

e r

eg

ioN

pr

oje

cT

co

mpA

Ny

su

mm

Ar

y

de

sc

rip

Tio

N o

f Th

e

pr

oje

cT A

Nd

Ty

pe o

f m

iNe

co

mm

od

iTie

sp

ro

ve

N

re

se

rv

es

(2)

pr

ob

Ab

le

re

se

rv

es

(2)

me

As

ur

ed

re

so

ur

ce

s

iNd

icA

Te

d

re

so

ur

ce

s

iNfe

rr

ed

re

so

ur

ce

s

ex

Tr

Ac

Tio

N o

r

mil

l N

om

iNA

l c

ApA

ciT

y

ex

pe

cT

ed

sTA

rT-u

p

dA

Te

ex

pe

cT

ed

miN

e l

ife

Dia

mo

nd

s

133

A16

/ N

ord

-du

-Qu

ébec

Ren

ard

Sto

rno

way

D

iam

on

ds

(C

anad

a) /

su

bsi

dia

ry o

f

Sto

rno

way

D

iam

on

d

Co

rpo

rati

on

Kim

ber

lites

U

nd

erg

rou

nd

an

d

op

en p

it m

ine

Dia

mo

nd

n/a

*23.

79 M

t at

0.75

5 c/

t D

Dn

/a35

.45

Mt

at0.

764

c/t

DD

29.6

7 M

t at

0.57

c/t

DD

7,00

0 t/

d(m

ill)

2016

11 y

ears

Iro

n

223

J14

/ Cô

te-N

ord

DS

O

Tata

Ste

el

Min

eral

s C

anad

a /

join

t ve

ntu

re N

ew

Mill

enn

ium

Iro

n

Co

rpo

rati

on

an

d

Tata

Ste

el

En

rich

ed ir

on

fo

rmat

ion

sO

pen

pit

min

eIr

on

*21.

1 M

t at

59.8

7% F

e*4

3.01

Mt

at58

.38%

Fe

26.5

Mt

at59

.6%

Fe

72.4

Mt

at59

.2%

Fe

6.7

Mt

at56

.7%

Fe

6 M

t/y

(mill

)20

1515

yea

rs

Lith

ium

3LA

CO

RN

E /

32C

05 /

Ab

itib

i-Té

mis

cam

ing

ue

Qu

ébec

Li

thiu

m

Qu

ébec

Lit

hiu

m /

sub

sid

iary

of

R

B E

ner

gy

Sp

od

um

ene-

bea

rin

g g

ran

itic

p

egm

atit

esO

pen

pit

min

e

Lith

ium

*6.6

1 M

t at

0.92

% L

i 2O*1

0.46

Mt

at0.

95%

Li 2O

6.91

Mt

at1.

18%

Li 2O

26.3

3 M

t at

1.19

% L

i 2O13

.76

Mt

at1.

21%

Li 2O

3,80

0 t/

d(m

ill)

n/d

15 y

ears

Go

ld

4B

EA

UC

HA

ST

EL

/ 32

D06

/ A

bit

ibi-

Tém

isca

min

gu

eE

lder

Ab

cou

rt M

ines

Oro

gen

ic lo

de

go

ldU

nd

erg

rou

nd

min

eG

old

n/a

n/a

0.51

Mt

at6.

68 g

/t A

u0.

67 M

t at

6.5

g/t

Au

0.41

Mt

at5.

76 g

/t A

u

630

t/d

(ext

ract

ion

)C

ust

om

mill

ed20

1411

yea

rs

533

C09

/ N

ord

-du

-Qu

ébec

Élé

on

ore

Les

Min

es O

pina

ca /

sub

sid

iary

of

Go

ldco

rp

Sto

ckw

erk

Un

der

gro

un

d m

ine

Go

ldn

/a19

.3 M

t at

6.49

g/t

Au

n/a

n/a

13.2

5 M

t at

9.53

g/t

Au

7,00

0 t/

d(m

ill)

2015

10 y

ears

No

tes:

Th

e lis

t o

f ab

bre

viat

ion

s is

pro

vid

ed in

Ap

pen

dix

2.

Dat

a co

mp

iled

in t

his

tab

le a

re p

relim

inar

y an

d a

re b

ased

on

info

rmat

ion

pu

blic

ly r

elea

sed

by

min

ing

co

mp

anie

s.T

he

dis

tin

ctio

n b

etw

een

pro

ven

an

d p

rob

able

res

erve

s, a

nd

bet

wee

n m

easu

red

, in

dic

ated

, an

d in

ferr

ed r

eso

urc

es is

defi

ned

in a

cco

rdan

ce w

ith

Nat

ion

al In

stru

men

t 43

-101

.

* - T

he

rese

rves

are

incl

ud

ed in

th

e re

sou

rces

.

chapter 5 deposit appraisal and mine development appraisal and mine development martin ... the...

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