CoTec’s Lac Jeannine Project Shows High Promise

EastCoal (TSE:CTH) has released an update.

CoTec Holdings Corp. has completed a promising initial Mineral Resource Estimate and Preliminary Economic Assessment for the Lac Jeannine Iron Tailings Project in Québec, boasting an inferred resource of 73 million tonnes of iron at 6.7% purity and financial projections suggesting a pre-tax NPV of $93.6M. The project promises environmental benefits by reducing liability at the orphaned Lac Jeannine site and has an estimated payoff period of 2.5 years with significant annual production expected over a decade. CoTec is now moving towards a comprehensive Feasibility Study to further validate the project’s potential.

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