Total operating costs over the life of mine is $66/t of concentrate. The initial capex is estimated at $574 million, including $118 million in contingency. Based on these cost figures, the project’s payback period would be just under two years.
“We are very pleased that the results of this PEA more than support our continued efforts to improve the economics and progress with development plans for the Mont Sorcier project, we see the potential of the project to be a profitable, long-life mine. Located in an established mining region, Mont Sorcier has excellent access to existing infrastructure already in place, which reduces upfront capital requirements and shortens the development schedule,” Cliff Hale-Sanders, president and CEO of Voyager, said.
“The production of premium 65% high-grade magnetite iron concentrate with valuable vanadium credits in conjunction with the advantageous infrastructure positions Mont Sorcier as…
