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North Arrow Minerals Inc. V.NAR

Alternate Symbol(s):  NHAWF

North Arrow Minerals Inc. is a Canada-based exploration company. The Company is focused on the identification and evaluation of lithium and other exploration opportunities in Canada. The Company is engaged in evaluating spodumene pegmatites at its DeStaffany, LDG and Mackay Lithium Projects (NWT) and is also exploring for lithium in Nunavut at the Bathurst Inlet pegmatite field and on Baffin Island. DeStaffany project is located approximately 115 kilometers (km) east of Yellowknife and 18 km to the southwest is the Nechalacho Rare Earth Metal mine. Bathurst Inlet’s seven claim blocks are located on or within nine km of tidewater on the east side of Bathurst Inlet. It also owns interests in the Naujaat (NU), Pikoo (SK), Mel (NU) and Loki (NWT) Diamond Projects. The Naujaat Diamond Project is located approximately nine km northeast of Naujaat. It owns an interest in the Hope Bay Oro Gold Project, located approximately three km north of Agnico Eagle’s Doris Gold Mine, Nunavut.


TSXV:NAR - Post by User

Post by nozzpackon Dec 23, 2021 7:15am
223 Views
Post# 34257210

DeBeers Victor Mine Good Proxy Valuator

DeBeers Victor Mine Good Proxy Valuator

 De Beers VictorDiamond mine contained 6.5 million carats within 28.5 million tons of ore.


Nauquat has 26 million carats within 48.5 million tons.
Its carat grade is therefore several times higher than Victor.

Victors Feasability study metrics are shown below. It had a very profitable 12 year mine life generating 8.1 m carats and over $3 billion in revenues .

Given higher grades and several times the contained carats as Victor, Nauquat  should be able to produce about 20 million carats worth over $6 billion.
It should be noted that Nauquat has many advantages over Victor that will result in much lower capex costs.

 

https://republicofmining.com/wp-content/uploads/2011/12/Debeers-tableFinalfinal.bmp

 

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