Nuvau Minerals (TSXV:NMC) revitalizes critical mineral production in Quebec with its flagship project, the Matagami Mining Camp, which represents a premier opportunity in the Abitibi Greenstone Belt.
Quebec’s Abitibi Greenstone Belt is renowned for its high-grade deposits and significant production history and is recognized as a Tier 1 jurisdiction with exceptional mining infrastructure and skilled labor. Nuvau Minerals has an agreement to acquire the Matagami Mining Camp from Glencore. The camp has a rich mining history with 60 years of production and nearly 60 million tons mined across 12 past mines.
The Matagami Mining Camp covers over 1,300 square kilometers, comprising more than 2,500 claims. The property offers exceptional exploration potential for critical minerals, particularly zinc and copper. The Matagami Mining Camp has produced nearly 60 million tons of ore over 60 years of continuous operation.
The property features a 3,000-ton-per-day concentrator, last operated by Glencore in 2022. This infrastructure not only reduces the capital requirements for reactivation but also accelerates the timeline for potential production. Extensive geological and operational data inherited from Glencore provides a strong foundation for efficient exploration and development.
Company Highlights
- Nuvau Minerals has an agreement to acquire the Matagami Mining Camp from Glencore, a historic mining camp with 60 years of production history and nearly 60 million tons mined across 12 past mines.
- The flagship Matagami Mining Camp spans more than 1,300 square kilometers with more than 2,500 claims in Quebec’s Abitibi Greenstone Belt. The project includes a 3,000-ton-per-day concentrator operated by Glencore until June 2022.
- Nuvau has invested nearly $30 million since early 2022 in a three-year exploration program to discover critical minerals, primarily zinc and copper, leveraging highly prospective targets across the property.
- The companyaims to re-establish the Matagami Mining Camp as a leading critical minerals producer by leveraging historical data, robust infrastructure, and modern exploration techniques.
- Quebec’s Abitibi Greenstone Belt is globally recognized as a Tier 1 jurisdiction with exceptional mining infrastructure and skilled labor.
- Approximately $25 million has already been invested in the property, with the earn-in phase with Glencore expected to be completed by 2025.
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