Cerrado Gold is targeting an increased production rate of 8 MM tpa of 67% iron concentrate at its Mont Sorcier project in Quebec. The feasibility study is expected to be completed in Q2 2026. The project is considered a Critical Mineral Project and is well-positioned for development due to its location and existing infrastructure advantages.

The Mont Sorcier project has the potential to produce a premium 67% iron concentrate suitable for direct reduction iron or pellet feed. The demand for high grade DRI material is growing at a rate of approximately 10% per year, leading to significant price premiums. The project aims to contribute to the decarbonization of the steel industry.

The feasibility study for the Mont Sorcier project will demonstrate a long life mine with high margins, low operating costs, and low capital intensity. The project’s location, low strip ratio, and existing infrastructure, including rail and port access, further enhance its economic viability.

The updated feasibility study for the Mont Sorcier project includes optimizations such as an expanded production rate of 8 MM tpa and an optimized low impact site layout. Environmental permitting progress is ongoing, with the submission of the Environmental and Social Impact Assessment expected in Q4 2026. The project remains on track for potential construction to commence in mid-2028.

Cerrado Gold is a Toronto-based company with gold production, development, and exploration projects in Argentina, Portugal, and Canada. In addition to the Mont Sorcier project, the company owns the Minera Don Nicolás and Las Calandrias mines in Argentina and the Lagoa Salgada VMS project in Portugal. The company is focused on maximizing asset value and growing production across its operations.

Read more at GlobeNewswire: Cerrado Gold Provides Update on Its Mont Sorcier High Grade