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Cerrado Gold Updated Metallurgical Testwork Supports Ability to Produce 67% High Purity, Direct Reduction Iron ("DRI") Grade Concentrates at Its Mont Sorcier Iron Ore Project in Quebec
Metallurgical test work on Master Composite reaffirms production of DRI grade iron concentrate wi...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Updated Metallurgical Testwork Supports Ability to Produce 67% High Purity, Direct Reduction Iron (“DRI”) Grade Concentrates at Its Mont Sorcier Iron Ore Project in QuebecMetallurgical test work on Master Composite reaffirms production of DRI grade iron concentrate with combined Silica and Alumina below 2.5%;DRI grade concentrate demand to grow at a CAGR of over 9.0% p.a. for the next decade according to industry forecastsEnhanced economic magnetite iron recovery of 83%;Variability test work of the primary domains has commenced;Additional test work focused on equipment sizing is now ongoing ;Feasibility study targeted for Q1 2026(All numbers reported in US dollars) TORONTO, ON / ACCESS Newswire / March 3, 2025 / Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) (\"Cerrado\" or the \"Company\") is pleased to announce further positive metallurgical test results confirming the ability to produce High Purity, DRI Grade 67% iron concentrates at its Mont Sorcier magnetite iron ore project located mainly in the Cree territory of Eeyou Istchee James Bay, about twenty kilometres east of Chibougamau, Quebec, held through its 100% owned subsidiary, Voyager Metals Inc. The metallurgical tests results reflect a continuation of the test work announced in March 2024 which will be used to determine the final flow sheet design for the feasibility study at Mont Sorcier, which is expected to be completed in Q1 026.The design and analysis of the metallurgical test work program is being conducted by Soutex Inc., a consultancy firm specializing in ore processing and metallurgical processes based in Quebec City, Quebec, with test work completed by SGS Canada, one of the world's leading testing, inspection and certification companies based in Quebec City.This latest phase of test work was focused on greater detailed analysis of the Master Composite for the Mont Sorcier orebody to provide a higher degree of confidence in the ability to produce a high purity iron concentrate grading at least 67% iron with low Silica and Alumina; making it suitable to be classified as a Direct Reduction Iron (\"DRI\") grade product. Such a product significantly reduces the overall emission of greenhouse gases in steel production compared to other lower grade concentrates and commands a significant price premium in the market. High grade concentrates h...