Provincial Government Issues Expression of Interest for Julienne Lake Deposit

Minister of Industry, Energy and Technology Andrew Parsons announced the issuing of an Expression of Interest for the potential development of the Julienne Lake iron ore deposit in western Labrador.

The Julienne Lake iron ore deposit is a large, undeveloped iron ore deposit approximately 25 kilometres from the town of Labrador City and Wabush. It is an Exempt Mineral Land meaning that its mineral rights belong to the Government of Newfoundland and Labrador.

The deposit has the potential to support a high-purity iron ore mining operation for decades which would result in significant economic and employment opportunities for the province, particularly Labrador. It is positioned to play a critical role as a new strategic raw material supply for green steel manufacturing to support global demand for decarbonized steel.

The Julian Lake deposit hosts total Measured and Indicated Resources of 867 million tonnes at 33.7 per cent iron, plus an Inferred Resource of 299 million tonnes at 34.1 per cent iron.

Detailed proposals will be accepted from those who have provided expressions of interest and who have a demonstrated ability to bring the Julienne Lake project to, at a minimum, a completed feasibility study stage. The deadline for submissions is December 6, 2024, at 4:30 p.m. NST.