Cerrado Gold Updated Metallurgical Testwork Supports Ability to Produce 67% High Purity, Direct Reduction Iron (“DRI”) Grade Concentrates at Its Mont Sorcier Iron Ore Project in Quebec
Cerrado Gold (CRDOF) has announced positive metallurgical test results from its Mont Sorcier iron ore project in Quebec, confirming the ability to produce 67% High Purity, Direct Reduction Iron (DRI) grade concentrates. The latest phase of testing, conducted on a master composite, demonstrated enhanced economic magnetite iron recovery of 83%, with combined Silica and Alumina below 2.5%.
The project, located in Cree territory near Chibougamau, is progressing toward a feasibility study targeted for Q1 2026. The metallurgical testing, performed by SGS Canada and analyzed by Soutex Inc., shows promising results for producing high-purity iron concentrate suitable for DRI grade classification. Industry forecasts predict DRI grade concentrate demand to grow at a CAGR of over 9.0% annually for the next decade.
The process involves magnetic separation, regrinding, hydroseparation, and reverse iron flotation stages, resulting in a concentrate grading 67% iron with 1.8% silica. Additional variability testing of 18 samples and a 3-tonne bulk sample processing are currently ongoing to support equipment design for the feasibility study.
Cerrado Gold (CRDOF) ha annunciato risultati positivi dei test metallurgici del suo progetto minerario di ferro Mont Sorcier in Quebec, confermando la capacità di produrre concentrati di ferro di alta purezza, grado di riduzione diretta (DRI) al 67%. L'ultima fase di test, condotta su un campione composito principale, ha dimostrato un miglioramento del recupero del ferro magnetitico economico pari all'83%, con un contenuto combinato di silice e allumina sotto il 2,5%.
Il progetto, situato nel territorio Cree vicino a Chibougamau, sta progredendo verso uno studio di fattibilità previsto per il primo trimestre del 2026. I test metallurgici, eseguiti da SGS Canada e analizzati da Soutex Inc., mostrano risultati promettenti per la produzione di concentrati di ferro ad alta purezza adatti per la classificazione DRI. Le previsioni del settore indicano che la domanda di concentrati di grado DRI crescerà a un CAGR di oltre il 9,0% all'anno per il prossimo decennio.
Il processo prevede fasi di separazione magnetica, rifinitura, idroseparazione e flottazione inversa del ferro, con un concentrato che presenta un grado di 67% di ferro e 1,8% di silice. Attualmente sono in corso test di variabilità su 18 campioni e un'elaborazione di un campione in massa di 3 tonnellate per supportare la progettazione dell'attrezzatura per lo studio di fattibilità.
Cerrado Gold (CRDOF) ha anunciado resultados positivos de pruebas metalúrgicas de su proyecto de mineral de hierro Mont Sorcier en Quebec, confirmando la capacidad de producir concentrados de hierro de alta pureza, grado de reducción directa (DRI) del 67%. La última fase de pruebas, realizada sobre un compuesto maestro, demostró una mejora en la recuperación de hierro magnetítico económico del 83%, con sílice y alúmina combinadas por debajo del 2.5%.
El proyecto, ubicado en territorio Cree cerca de Chibougamau, avanza hacia un estudio de viabilidad previsto para el primer trimestre de 2026. Las pruebas metalúrgicas, realizadas por SGS Canadá y analizadas por Soutex Inc., muestran resultados prometedores para la producción de concentrados de hierro de alta pureza adecuados para la clasificación DRI. Las previsiones de la industria predicen que la demanda de concentrados de grado DRI crecerá a un CAGR de más del 9.0% anualmente durante la próxima década.
El proceso implica etapas de separación magnética, re-molienda, hidro-separación y flotación inversa de hierro, resultando en un concentrado con un grado de 67% de hierro y 1.8% de sílice. Actualmente se están llevando a cabo pruebas de variabilidad en 18 muestras y un procesamiento de muestra a granel de 3 toneladas para apoyar el diseño del equipo para el estudio de viabilidad.
세라도 골드 (CRDOF)는 퀘벡의 몽 소르시에 철광석 프로젝트에서 긍정적인 금속 시험 결과를 발표하며, 67% 고순도 직접환원철(DRI) 등급 농축물을 생산할 수 있는 능력을 확인했습니다. 마스터 복합체에서 수행된 최신 시험 단계는 83%의 경제적 마그네타이트 철 회수율을 보여주었으며, 실리카와 알루미나의 총합은 2.5% 미만입니다.
이 프로젝트는 치부가무 근처의 Cree 영토에 위치하고 있으며, 2026년 1분기에 목표로 하는 타당성 연구를 향해 진행 중입니다. SGS 캐나다에서 수행하고 Soutex Inc.에서 분석한 금속 시험은 DRI 등급 분류에 적합한 고순도 철 농축물 생산에 대한 유망한 결과를 보여줍니다. 산업 예측에 따르면 DRI 등급 농축물 수요는 향후 10년 동안 연평균 9.0% 이상의 CAGR로 성장할 것으로 예상됩니다.
이 과정은 자기 분리, 재분쇄, 수분리 및 역철 플로타이션 단계로 구성되며, 67%의 철과 1.8%의 실리카를 포함하는 농축물을 생성합니다. 현재 18개의 샘플과 3톤의 벌크 샘플 가공에 대한 추가 변동성 테스트가 진행 중이며, 타당성 연구를 위한 장비 설계를 지원하고 있습니다.
Cerrado Gold (CRDOF) a annoncé des résultats positifs de tests métallurgiques de son projet de minerai de fer Mont Sorcier au Québec, confirmant la capacité de produire des concentrés de fer de haute pureté, de grade réduction directe (DRI) à 67%. La dernière phase de tests, réalisée sur un composite maître, a montré une amélioration de la récupération économique du fer magnétique de 83%, avec une silice et une alumine combinées inférieures à 2,5%.
Le projet, situé sur le territoire Cree près de Chibougamau, progresse vers une étude de faisabilité prévue pour le premier trimestre 2026. Les tests métallurgiques, effectués par SGS Canada et analysés par Soutex Inc., montrent des résultats prometteurs pour la production de concentrés de fer de haute pureté adaptés à la classification DRI. Les prévisions de l'industrie prévoient que la demande de concentrés de grade DRI augmentera à un CAGR de plus de 9,0% par an au cours de la prochaine décennie.
Le processus implique des étapes de séparation magnétique, de re-broyage, d'hydroseparation et de flottation inversée du fer, aboutissant à un concentré contenant 67% de fer et 1,8% de silice. Des tests de variabilité supplémentaires sur 18 échantillons et un traitement d'échantillon en vrac de 3 tonnes sont actuellement en cours pour soutenir la conception de l'équipement pour l'étude de faisabilité.
Cerrado Gold (CRDOF) hat positive metallurgische Testergebnisse aus seinem Mont Sorcier-Eisenprojekt in Quebec angekündigt, die die Fähigkeit zur Produktion von 67% hochreinen, direkt reduzierten Eisenkonzentraten (DRI) bestätigen. Die letzte Testphase, die an einem Masterkomposit durchgeführt wurde, zeigte eine verbesserte wirtschaftliche Magnetit-Eisenrückgewinnung von 83%, mit kombinierten Siliziumdioxid- und Alumina-Werten unter 2,5%.
Das Projekt, das sich im Cree-Gebiet in der Nähe von Chibougamau befindet, schreitet auf eine Machbarkeitsstudie zu, die für Q1 2026 anvisiert wird. Die metallurgischen Tests, die von SGS Kanada durchgeführt und von Soutex Inc. analysiert wurden, zeigen vielversprechende Ergebnisse für die Produktion von hochreinen Eisenkonzentraten, die für die DRI-Klassifizierung geeignet sind. Branchenprognosen sagen voraus, dass die Nachfrage nach DRI-Gradkonzentraten in den nächsten zehn Jahren mit einer CAGR von über 9,0% jährlich wachsen wird.
Der Prozess umfasst magnetische Trennung, Nachmahlung, Hydrotrennung und umgekehrte Eisenflotation, was zu einem Konzentrate mit 67% Eisen und 1,8% Siliziumdioxid führt. Zusätzliche Variabilitätstests von 18 Proben und eine Verarbeitung von 3-Tonnen-Massenproben sind derzeit im Gange, um das Design der Ausrüstung für die Machbarkeitsstudie zu unterstützen.
- 67% High Purity DRI grade iron concentrate production confirmed
- Enhanced economic magnetite iron recovery of 83%
- Low impurity levels with combined Silica and Alumina below 2.5%
- Strong market outlook with DRI grade concentrate demand growing at 9.0% CAGR
- Project aligns with Quebec Government's Critical and Strategic minerals initiative
- Feasibility study completion not until Q1 2026
- Additional testing and validation still required
Metallurgical test work on Master Composite reaffirms production of DRI grade iron concentrate with combined Silica and Alumina below
2.5% ;DRI grade concentrate demand to grow at a CAGR of over
9.0% p.a. for the next decade according to industry forecastsEnhanced economic magnetite iron recovery of
83% ;Variability test work of the primary domains has commenced;
Additional test work focused on equipment sizing is now ongoing ;
Feasibility study targeted for Q1 2026
(All numbers reported in US dollars)
TORONTO, ON / ACCESS Newswire / March 3, 2025 / Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) ("Cerrado" or the "Company") is pleased to announce further positive metallurgical test results confirming the ability to produce High Purity, DRI Grade
The design and analysis of the metallurgical test work program is being conducted by Soutex Inc., a consultancy firm specializing in ore processing and metallurgical processes based in Quebec City, Quebec, with test work completed by SGS Canada, one of the world's leading testing, inspection and certification companies based in Quebec City.
This latest phase of test work was focused on greater detailed analysis of the Master Composite for the Mont Sorcier orebody to provide a higher degree of confidence in the ability to produce a high purity iron concentrate grading at least
As the strong global demand for Green Steel increases, demand and price premiums paid for higher grade products is expected to continue to increase and remain well above the most commonly traded iron products and will replace demand for lower grade materials. The ability to produce High Purity iron concentrates places Mont Sorcier as a project capable of delivering Critical and Strategic High Purity Iron as outlined by the Quebec Government, as it aspires to become a leader to support energy transition through the development of critical and strategic minerals and reduce overall global emissions.
Following the promising results obtained in early 2024 that showed the initial ability to produce concentrate grading
The material was ground to a size of minus 2 mm and subjected to a magnetic separation process.
The concentrate of the first magnetic separation stage, the cobber stage, was reground to a P80 of 106µm and underwent a rougher magnetic separation process. The rougher concentrate was then reground to a P80 of 38µm, subjected to a hydroseparation stage to remove low-density fine material and was then passed through a final cleaning magnetic separation stage.
The magnetic concentrate was then processed through a reverse iron flotation stage to produce a low-silica concentrate.
These processing steps led to the production of a concentrate grading
Testwork is currently ongoing with the processing of 18 variability samples through the flowsheet, aiming to assess the performance of different samples representative of the Mont-Sorcier orebody. A 3 tonne bulk sample is also being processed to generate representative concentrate. Going forward, this material will be used to conduct specific equipment test work that will support the equipment design and selection for the feasibility study.
Mark Brennan, CEO and Chairman, stated: "As the global steel markets continue to aim to reduce overall emissions in the steel production process, concentrates such as those from Mont Sorcier are expected to be in high demand to support this transition and replace lower grade materials. With the further test work results continuing to support and enhance the ability to produce DRI grade
Review of Technical Information
The technical information contained in this news release with respect to the Mont Sorcier Project has been reviewed and approved on behalf of Voyager by Pierre-Jean Lafleur of Voyager Metals, who is a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
About Cerrado
Cerrado Gold is a Toronto-based gold production, development, and exploration company focused on gold projects in South America. The Company is the
In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas operation through continued operational optimization and is growing production through its operations at the Las Calandrias Heap Leach project. An extensive campaign of exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Masiff.
In Canada, Cerrado holds a
For more information about Cerrado please visit our website at: www.cerradogold.com.
Mark Brennan
CEO and Chairman
Mike McAllister
Vice President, Investor Relations
Tel: +1-647-805-5662
mmcallister@cerradogold.com
Disclaimer
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation, all statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements contained in this press release include, without limitation, statements regarding the business and operations of Cerrado. In making the forward- looking statements contained in this press release, Cerrado has made certain assumptions, including, but not limited to predictions about the future demand for higher grade iron concentrates and the Company's ultimate ability to produce this type of produce from the Mont Sorcier Project. Although Cerrado believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Cerrado disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
SOURCE: Cerrado Gold Inc.
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FAQ
What grade of iron concentrate can Cerrado Gold's (CRDOF) Mont Sorcier project produce?
What is the expected completion date for CRDOF's Mont Sorcier feasibility study?
What is the projected growth rate for DRI grade iron concentrate demand?
What is the economic magnetite iron recovery rate achieved at Mont Sorcier?
Where is Cerrado Gold's (CRDOF) Mont Sorcier project located?
