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Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

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

Comment by redon Jun 25, 2024 12:43pm
92 Views
Post# 36105239

RE:Reminder of approvals from 2019

RE:Reminder of approvals from 2019 and then there is this from the authority of jurisdiction showing bases covered 

Fortune Minerals Limited - W2008L2-0004 | Wek'ezhii Land and Water Board (wlwb.ca)

Status:
Issued
Authorization:
Licence
Activity:
Mining and Milling
Start:
July 21, 2014
Expiry:
July 21, 2026





This Licence entitles the Licensee to use water from Lou lake and dispose of Waste for the purpose of constructing, operating, closing, and reclaiming the NICO Project, a GoldCobaltBismuthCopper mine located approximately 160 kilometres (km) northwest of Yellowknife, 50 km northeast of What, and 10 km east of Hislop Lake in the Northwest Territories (NWT) on Mineral Leases NT-4681, 4682, 4678, 4679, 4237, 4677, 4684, 4683, 4238, 4680.The scope of this Licence includes the following:• an open pit and underground mine;• a mineral processing plant, which includes crushing, grinding, flotation, and service components;• a Co-Disposal Facility (CDF);• an effluent treatment facility;• the Constructed Wetland Treatment Systems (CWTS);• explosives storage facility;• borrow sources within the aforementioned Mineral Leases;• a camp and truck shop; and• site services infrastructure such as petroleum storage facilities, water lines, electrical distribution, site roads, a power plant, a Sewage treatment plant, an incinerator, and material sorting facilities.The scope of this Licence is as described in “Table 3: Final Scope of Development” in the Report of Environmental Assessment, and does not include the following:• the Construction, use, and Reclamation of the NICO Project Access Road outside of the aforementioned Mineral Leases;• the bridge over the Marian River;• the use of the Tcho road; and• the development of borrow sources for aggregate production along the NICO Project Access Road outside of the aforementioned Mineral Leases.
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