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Joyce Fact Sheet

Project Key Facts

  • 2.5 Mt per annum open pit iron ore project
  • Prolific jurisdiction with rail & port infrastructure available
  • 5-7 years of operation to capture upcycle of market recovery
  • 2015 Feasibility Study Complete, with pre-tax NPV(8%) of C$130.8M at US$95/t Fe base case
  • At US$142.50/t Fe, pre-tax NPV(8%) improves to C$888.8M
  • Environmental study ready

Project Economics Summary

Project Economics – Iron Ore Price (62% Fe China)
US$/t $951 $101.371 $108.951 $1251 $142.501 $167.832
  Base case 2019-20 Avg 2020 Avg.   150% of Base Jan 2021 Avg.
Pre-tax NPV(8%) C$130.8M C$232.4M C$353.4M C$609.5M C$888.8M C$1,293.0M
Post-tax NPV(8%) C$61.4M C$125.6M C$193.4M C$335.2M C$524.2M C$766.2M
Pre-tax/Post-tax IRR 18.7% / 13.7% 26.6% / 19.6% 35.6% / 25.9% 54.1% / 40.3% 73.7% / 55.0% 101.8% / 75.2%
Pre-/Post-tax Payback (yrs) 4.4 / 4.9 3.6 / 4.1 2.9 / 3.4 2.0 / 2.2 1.5 / 1.7 1.1 / 1.2
  1. NI 43-101 Feasibility Study (2015)
  2. Extrapolation of sensitivity analysis of Feasibility

Project Mineral Resources and Reserves

The mineral resources and mineral reserves are reported in accordance with Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definition standards for Mineral Resources, Mineral Reserves and their Guidelines, and are compliant with NI 43-101.

NI 43-101 Mineral Resource Estimate (Apr 17, 2014)1
Cut-off 50% Fe2 Tonnes3 % Fe % SiO2 % Al2O3 % Mn
Measured (“M”) 18,650,000 58.67 13.02 0.55 0.81
Indicated (“I”) 5,640,000 58.14 14.39 0.51 0.54
M+I 24,290,000 58.55 13.34 0.54 0.75
Inferred 840,000 62.00 8.43 0.43 0.78
 Mineral Reserves ( Apr 14, 2015)4
Category Tonnes % Fe % SiO2 % Al2O3 % Mn
High Grade Proven (Above 55% Fe) 11,630,000 61.35 9.16 0.54 0.84
Low Grade Proven (52% – 55% Fe) 2,890,000 53.31 20.70 0.60 0.70
High Grade Probable (Above 55% Fe) 2,450,000 61.50 9.48 0.50 0.61
Low Grade Probable (52% – 55% Fe) 750,000 53.09 21.90 0.59 0.30
Total Reserve (Above 52% Fe) 17,720,000 59.71 11.62 0.55 0.76
  1. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
  2. Within Mineralized envelope, % Fe cut-off on individual blocks. The base case for public disclosure DSO is the statement with cut-off of 50% Fe.
  3. Variable SG density (equation derived from core measurements), tonnes rounded to nearest 10,000.
  4. The mineral reserves estimate for Joyce Lake DSO Project was estimated during the FS. The mineral reserve is the economically mineable part of a measured or indicated mineral resource.

Project Video – Quick Facts

img_YT-JoyceFacts-SC Click here to watch a quick-fact video on the Joyce DSO project video by CEO Sandy Chim.
(opens in a new window)

CONTACT US

200 University Avenue, Suite 1401
Toronto, Ontario, Canada, M5H 3C6
Tel: 1-416-977-3188
Fax: 1-416-977-8002
Email: contact@centuryglobal.ca

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