IRON ORE DEVELOPMENT New Millennium readies project for
Historically, the deposits are thought to contain 100 million tonnes of iron ore grading perhaps 60% Fe. New Millennium has yet to produce a NI-43-101-compliant resource estimate. The DSO are sub-divided into four areas designated Area 1, Area 2, Area 3 and Area 4. The company’s conceptual plan is to consider mining these areas in two phases.