Company News: Advanced Explorations
Updated: 21 Mar 2011
Advanced Explorations Inc., based in Toronto, Ontario, is a resource development company that currently focuses on developing its flagship Roche Bay Project, in one of the world's largest developing iron ore districts. The project is located proximal to a natural deep water harbour on the coast of the Melville Peninsula in Nunavut, Canada giving it many logistical advantages. The project has an inferred resource of 357 million tones, outlined within a small portion of the 140 km of banded iron formation. This iron formation incorporates the Roche Bay deposits, the Company’s Tuktu deposits and other targeted deposits in areas to the north, south and west of the Company’s Roche Bay Project. The preliminary economic assessment from the Roche Bay deposit alone indicates a potential net present value of US $1.1 billion, and the potential for rapid advancement into development of either iron concentrate or high value iron nugget products. The management team has extensive technical, exploration and Canadian Arctic mining expertise to effectively develop the high quality iron ore opportunities on the Melville Peninsula.
Business Category Exploration; Mining
Regions of Operation North America; Latin America
Exchange Ticker AXI
Financial Information
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Exchanges listed on TSX-V
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50 Richmond Street East, Suite 300
- Toronto
- Ontario
- M5C 1N7
- Canada
Most Recent Company News
- Tuktu confirmation - 22 Jul 2011 12:02pm
Advanced Explorations Inc has confirmed the presence of iron-ore mineralisation at its Tuktu property in Canada’s Nunavut Territory with initial drilling Read more... - Roche Bay plan grows - 13 May 2011 11:44am
The proposed concentrate-production rate for Advanced Explorations Inc’s Roche Bay iron-ore project in Canada’s Nunavut Territory has been increased from 3Mt/y to 5Mt/y at 65-66% Fe Read more... - Special report PDAC: Discoveries and developments - 18 Mar 2011 11:43am
PDAC’s final technical session looked at the latest significant discoveries and developments Read more...
No results were found.
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