| Company | Tacora Resources Inc. |
| Date | 2017-12-22 |
| Region | Wabush, Newfoundland and Labrador, Canada |
| Commodities | Iron Ore, Manganese |
| Mine Type | Open Pit |
| Throughput | 2,150 – 2,200 tph |
| Mine Life | 26 years |
| Annual Production | 5.8 – 6.1 Mtpy concentrate |
| Status | Development (Re-Start) |
Executive Summary
This feasibility study outlines the re-start of the Scully Mine in Wabush, Newfoundland and Labrador, acquired by Tacora Resources Inc. from Cliffs Mining Company. The project aims to produce high-grade iron ore concentrate with an iron content exceeding 65% and manganese content below 2%. The operation involves reopening an existing open pit mine and refurbishing a concentrator plant that has been in care and maintenance since 2014. Key modifications include the installation of additional manganese reduction lines to meet product specifications and upgrades to crushing, grinding, and drying circuits.
The mine design utilizes conventional open pit techniques with a life of mine of 26 years, targeting a steady-state production rate of approximately 6 million tonnes per year of concentrate. The processing plant relies on autogenous grinding, spiral concentration, and dry magnetic separation to beneficiate the iron ore. Economic analysis indicates a strong project viability with a pre-tax NPV at 6% of CAD 2,104 million and an internal rate of return of 48.7%. The project is scheduled to transition to commercial operations in late 2019 following a ramp-up period.
Processing Profile
- Crushing: Primary Gyratory Crusher (54″ x 74″)
- Milling: Autogenous Grinding (AG) Mills (24ft diameter)
- Concentration: Spirals, Hydro Separators, Drum Filters
- Drying: Fluo-Solid Dryers
- Separation: LIMS, HIMS, HT Separators
Reports
Website: https://tacoraresources.com/2018/11/28/november-27th-2018-tacora-resources-inc-announces-funding-to-restart-scully-mine/
Report Date: 2017-12-22
Region: Wabush, Newfoundland and Labrador, Canada
Project Status: Development (Re-Start)
Commodity: Iron Ore, Manganese
Throughput: 2,150 – 2,200 tph
Mine Life: 26 years
Mine Type: Open Pit
Ore type:
