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Mont Sorcier Project Making Good Progress
The drilling program supports updating resources to Proven and Probable categories and advancing a feasibility study aimed for completion by Q2 2026.
- On Oct. 20, 2025, Cerrado Gold and partners reported completing 17,000 metres of infill drilling to update resources for a feasibility study targeted for Q2, 2026.
- Cerrado Gold is developing the 100% owned Mont Sorcier Direct Reduced Iron project on Cree territory to supply DRI feedstock, with a Bankable Feasibility Study updating the 2022 NI 43-101 PEA showing a $1.6 billion NPV8% based on 65% iron.
- Chibougamau Independent Mines Inc. confirmed it retains a two percent Gross Metal royalty, while Globex Mining Enterprises Inc. holds a one percent Gross Metal Iron Royalty, and Jack Stoch, P. Geo., authored the release as Qualified Person.
- Amid growing demand for lower-carbon steel, the Mont Sorcier project has potential to produce premium iron concentrate over a long mine life with low operating costs and capital intensity.
- The News Release contains forward-looking statements involving known and unknown risks and uncertainties, with a detailed risk discussion in the 'disclaimer' on the Company's website.
Insights by Ground AI
14 Articles
14 Articles
Coverage Details
Total News Sources14
Leaning Left11Leaning Right2Center1Last UpdatedBias Distribution79% Left
Bias Distribution
- 79% of the sources lean Left
79% Left
L 79%
14%
Factuality
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