Maritime Canada-focused project developer Alderon Iron Ore has received the updated preliminary economic assessment (PEA) for the Rose deposit, at the Kamistiatusset (Kami) iron-ore property, 10 km from Wabush, setting the stage to revive the high-grade project after being shelved for several years.
“The completion of the PEA marks the beginning of the re-boot of the Kami project in the new economic environment for iron-ore,” stated chairperson and CEO Mark Morabito.
