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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Metals & Mining Industrial Metals & Minerals
Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Fortune Minerals Ltd > JRV Post …
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Comment by Allmanon Mar 06, 2023 12:24pm
88 Views
Post# 35321553

RE:RE:RE:RE:RE:RE:RE:JRV Post …

RE:RE:RE:RE:RE:RE:RE:JRV Post …There certainly seems to be synergies especially when you look at it only from a mine to refinery distance (~ miles), forgetting about refinery capabilities, capital and other issues. It's readily apparent from this perspective where refining may be most synergistic.

Mine                        Fortune            Jervois                Jervois                        Electra
                             Lamont, AB     Kokkola, Fin    Sao Miguel, Brazil      Becancour, Que
                                Refinery          Refinery               Refinery                      Refinery
Fortune NICO             950                 3430*                    7100*                           3170   
Jervois ICO                 850                 4628*                    6351*                           2400
Electra Iron Creek       850                 4628*                    6351*                           2400

1.* air distance (actual ground/water distance would be longer)
2. distance between Jervois ICO and Iron Creek ~ 30 miles
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