Oceanic Iron Ore says Hopes Advance project posts post — tax NPV8 of US$1.4 billion in 2019 PEA
Oceanic Iron Ore outlined development plans for its 100%-owned Hopes Advance iron ore project in Nunavik, Northern Québec. NI 43-101 measured and indicated resource estimated at 1.36 billion tonnes grading 32.1% Fe. 2019 PEA base case used a FOB price of USD 82/tonne, projecting post-tax NPV8 of USD 1.4 billion, IRR of