In
March 2008, the Company submitted a Development Proposal and associated applications in order to initiate the regulatory review of the Project. The Development Proposal contemplates a 21 year mine life based on currently defined iron ore reserves. Geological conditions suggest that additional ore reserves may be added depending on the results of on-going exploration of Deposits 1, 2, 3 and 4 as well as adjacent lands for which the Company announced that it had recently signed a joint venture agreement with
Nunavut Tunngavik Inc ("NTI"). As such, potential exists in the future for the mining operation to be extended by increasing mine life and/or production rate. A complete copy of the Development Proposal and associated regulatory applications is available through the following documents:
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Volume I - Main Report 
PDF (5.97 MB)
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Volume II - Appendices PDF (96.6 MB)
On February 11, 2009, the Minister of Indian and Northern Affairs Canada ("INAC") referred the Project to a Part 5 review under Article 12 of the Nunavut Land Claims Agreement ("NLCA"). This referral was made in response to the recommendations of the Nunavut Impact Review Board's ("NIRB") Screening Report completed after a positive conformity of the Project to the North Baffin Regional Land Use Plan was first determined by the Nunavut Planning Commission ("NPC").
For a summary version of the Development Proposal and associated regulatory applications please Click Here.