Montreal-listed Orleans Resources has received the mining leases required to build its wollastonite production facilities.
Orleans owns a sizable wollastonite deposit in the Saguenay-Lac St. Jean area of Quebec, with minable reserves estimated at 26.5 million tonnes. The company is currently evaluating different financial opportunities to bring the deposit into production at a cost of $30 million, as evaluated by a recent feasibility study.
Wollastonite is a white, crystalline mineral used as a reinforcing agent in plastics, as a flux material in steel casting and as an additive in paints.
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