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You are here: Home / Projects / Joyce Fact Sheet

Joyce Fact Sheet

Project Key Facts

  • 2.5 Mt per annum open pit iron ore project
  • Prolific jurisdiction with rail & port infrastructure available
  • 7 years of operation to capture upcycle of market recovery
  • Feasibility Study completed in 2022, with pre-tax NPV(8%) of C$357.2M at US$124.95/t Fe base case
  • Provincial and Federal Environmental Assessment in progress

Project Economics Summary

Project Economics – Iron Ore Price (62% Fe China)
US$/t $124.951 $137.451 $149.941 $162.441 $187.431 $224.912
Base case 110% of Base 120% of Base 130% of Base 150% of Base 180% of Base
Pre-tax NPV(8%) C$357.2M C$508.5M C$683.6M C$857.4M C$1,206.3M C$1,730.3M
Post-tax NPV(8%) C$184.6M C$275.5M C$380.1M C$484.9M C$691.8M C$1,002.1M
Pre-tax/Post-tax IRR 27.72% / 20.01% 35.08% / 25.56% 42.96% / 31.64% 50.31% / 37.43% 63.95% / 47.97% 82.44% / 62.38%
Pre-/Post-tax Payback (yrs) 3.21 / 3.69 2.74 / 2.95 2.24 / 2.49 2.04 / 2.23 1.64 / 1.71 1.27 / 1.38
  1. NI 43-101 Feasibility Study (2022)

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 (May 6, 2022)1
Cut-off 50% Fe2 Tonnes3 % Fe % SiO2 % Al2O3 % Mn
Measured (“M”) 18,530,000 58.71 12.97 0.55 0.81
Indicated (“I”) 5,440,000 58.35 14.09 0.51 0.53
M+I 23,970,000 58.63 13.22 0.54 0.75
Inferred 830,000 62.10 8.30 0.43 0.78
 Mineral Reserves (May 6, 2022)4
Category Tonnes % Fe % SiO2 % Al2O3 % Mn
High Grade Proven (Above 55% Fe) 11,320,000 61.65 8.72 0.55 0.84
Low Grade Proven (52% – 55% Fe) 2,840,000 53.49 20.42 0.62 0.69
High Grade Probable (Above 55% Fe) 2,490,000 61.51 9.46 0.50 0.61
Low Grade Probable (52% – 55% Fe) 720,000 53.27 21.68 0.59 0.29
Total Reserve (Above 52% Fe) 17,370,000 59.94 11.28 0.55 0.76
  1. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
  2. Within mineralized envelope and optimized pit shell, % Fe cut-off on individual blocks.
  3. Variable 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-Joyce-SC Century Announces Feasibility Results for the Joyce Lake DSO Project | Peter Jones
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img_YT-Joyce-SC The Key Parameters of Joyce Lake | Peter Jones
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img_YT-Joyce-SC CEO Sandy says innovative transport strategy improves fundamentals for Joyce Lake
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img_YT-Joyce-SC All you need to know about Joyce Lake by Chairman Peter Jones
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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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