Altius Minerals Corp T.ALS

Alternate Symbol(s): ATUSF

Metals & Mining Industrial Metals & Minerals

Altius Minerals Corporation is focused on growing its royalty business through prospect generation and the creation and acquisition of royalties. It diversified mineral royalties from 11 operating mines located in Canada (nine) and Brazil (two) that produce copper, nickel, cobalt, lithium, potash and iron ore. Its segments include Mineral Royalties, Project Generation and Renewable Royalties. The Mineral Royalties consist of the acquisition and management of producing and development stage royalty and streaming interests. The Project Generation segment is engaged in acquisition and early-stage exploration of mineral resource properties with a goal of vending the properties to third parties in exchange for early-stage royalties and minority equity or project interests. The Renewable Royalties segment includes a majority interest holding in publicly traded Altius Renewable Royalties Corp., which is focused on the acquisition and management of renewable energy investments and royalties.

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Altius Minerals Corp

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Comment by Greenandgold.on Feb 27, 2012 5:08pm

357 Views

Post# 19593830

RE: RE: Julienne and Snelgrove

Altius's iron ore plays are all well placed, they don't venture too far north of Shefferville or too far south of Labrador City. They're in the sweet spot: https://www.altiusminerals.com/i/Altius-Western-Labrador-Iron-Ore-District.png

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Julienne Lake is especially well placed, about 23 km from IOC's mine and 12 km from the nearest rail line. This one is exciting: the historical and Newfoundland government drilling shows a big deposit with no overburden and plus-30% iron that's up to 600 meters deep. No wonder they've been tempted to drill some test holes. IOC would be the natural partner because of the location.

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LIM would be a natural partner for Snelgrove Lake. If DSO-type deposits are found at Snelgrove they could be mined along with LIM's Sawyer Lake deposit. They could build the same amount of infrastructure to serve multiple deposits.

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