{"id":147792,"date":"2026-07-29T07:13:07","date_gmt":"2026-07-29T07:13:07","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/147792\/"},"modified":"2026-07-29T07:13:07","modified_gmt":"2026-07-29T07:13:07","slug":"iron-bears-pfs-puts-12-94-billion-on-the-table","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/147792\/","title":{"rendered":"Iron Bear\u2019s PFS puts $12.94 billion on the table"},"content":{"rendered":"

Iron Bear Resources<\/a> (ASX:IBR) has reported a maiden Prefeasibility Study (PFS) for its Iron Bear Project in Canada, delivering a post-tax net present value of US$9 billion ($12.94 billion) and an internal rate of return of 15.2%.<\/p>\n

The PFS<\/a> outlines a maiden probable ore reserve of 3.3 billion tonnes (Bt) @ 29.1% iron (Fe), supporting 23 million tonnes per annum (Mtpa) of \u2018high-grade\u2019 iron ore<\/a> production over a 44-year mine life.<\/p>\n

The project targets 4.5Mtpa of blast furnace concentrate and 18.4Mtpa of direct reduction pellets, with product grades of 69.1% Fe and 71% fe respectively. The mine plan draws on less than 25% of the total 13.6Bt resource.<\/p>\n

\u201cThe first iteration of the Pre-Feasibility Study for the Iron Bear project conclusively demonstrates the project\u2019s financial attractiveness, scale, and sustainability,\u201d Managing Director Paul Berend says.<\/p>\n

\u201cOur project targets a high-value and high-growth subsection of the iron ore market, specifically direct reduction pellets.\u201d<\/p>\n

The operation features a low 0.44 stripping ratio supporting efficient open pit mining. This includes access to existing rail infrastructure and the open-access port of Pointe-Noire.<\/p>\n

Power supply comprises 100% renewable hydropower at US$0.0315\/kWh from Churchill Falls.<\/p>\n

Pre-production capital expenditure is estimated at US$4.2 billion. Iron Bear has secured funding through its development agreement with Vale<\/a>.<\/p>\n

The mining giant will contribute US$138 million to achieve decision to mine. It will also earn a 75% equity stake upon completion of phase two activities.<\/p>\n

The PFS was completed to AACE Class 4 standard by consultants including Hatch<\/a>, Snowden Optiro<\/a>, TME Mine Consulting, IDOM Consulting, and Fortin Pipelines.<\/p>\n

Iron Bear Resources<\/a> expects the environmental and social impact assessment processes to take up to six years, representing the critical path for first production targeted for the early 2030s.<\/p>\n

Write to JC Villarba<\/a> at Mining.com.au<\/a><\/p>\n

Images: Iron Bear Resources<\/p>\n

Add to Watch List:Snowden OptiroHatchBulk CommoditiesIronIron Ore<\/p>\n","protected":false},"excerpt":{"rendered":"Iron Bear Resources (ASX:IBR) has reported a maiden Prefeasibility Study (PFS) for its Iron Bear Project in Canada,…\n","protected":false},"author":2,"featured_media":147793,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[17,2891,47964,47963,38547,32941],"class_list":["post-147792","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-canada","tag-development","tag-development-agreement","tag-iron-ore","tag-net-present-value","tag-prefeasibility-study"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/147792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=147792"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/147792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/147793"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=147792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=147792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=147792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}