Iron Ore · Fe · Schefferville District, Québec

Lac Le Fer

A district-scale iron-ore play in proven country — 738 claims across ~37,000 ha of tightly folded Sokoman Iron Formation, the same unit feeding the producing mines of the Schefferville corridor.

100% DGRM Owned 3 Dispositions · West / Central / East Labrador Trough Rail + Port Served

~37,000 ha738 claims

20 kmHigh-Fe surface strike

>55%Fe₂O₃ in 80+ rock samples

66–68%Achievable Fe concentrate

01 — The opportunity

A district-scale iron play in proven country.

Lac Le Fer comprises three contiguous dispositions — West, Central and East — covering ~37,000 hectares in the Schefferville mining district of north-east Québec. The property is underlain by tightly folded, thrust-thickened Sokoman Iron Formation: the same stratigraphy that feeds Tata Steel's Goodwood DSO complex and Century Global's 16 Bt Full Moon taconite project.

Surface sampling has returned more than 80 rock samples grading above 55% Fe₂O₃, extending across a 20 km strike with NW-trending magnetic features throughout all three dispositions.

Lac Le Fer claim boundaries on satellite imagery

Lac Le Fer claims · Schefferville district

02 — Regional setting

The Labrador Trough — a ~1,600 km Paleoproterozoic iron belt in continuous production since 1954.

Over 2 billion tonnes of ore produced from the Trough to date, hosting some of the world's most extensive iron formations.
High-grade metamorphic textures within the Sokoman Formation allow beneficiation to a 66–68% Fe concentrate.
Direct-shipping ore (>55% Fe) developed through supergene enrichment and structural fluid flow along tightly folded, structurally repeated iron formations.
Over 200 Mt of iron-ore resources already defined in the Schefferville district, with multiple active and advanced-stage projects.

03 — Property geology

Shared host, shared structure — onto DGRM ground.

Lac Le Fer West sits adjacent to the Full Moon Project, where 16 Bt of taconite (~30% FeT) with >200 m continuity has been defined by 147 drill holes, and a PEA contemplates 20 Mt/yr of 66% Fe concentrate via existing rail.

The shared host and structure indicate that mineralization continues directly onto DGRM claims. High-grade samples on adjacent Century claims extend onto unexplored Lac Le Fer East, and 866 rock samples across Lac Le Fer Central confirm a strong, continuous high-Fe signal.

Regional terrain, Schefferville district

Schefferville district · Labrador Trough

04 — World-class neighbours

In the company of established operators on the same trend.

Goodwood DSO Complex

Tata Steel · DSO

Active direct-shipping-ore complex on the same Sokoman host.

Full Moon

Century Global · 16 Bt taconite

147 drill holes; PEA of 20 Mt/yr at 66% Fe via existing rail. Adjacent to Lac Le Fer West.

Iron Bear · LabMag / KeMag

Advanced-stage

Major defined iron resources within the same corridor.

05 — Why now

Prices reset higher, infrastructure already in place.

62% Fe near US$108/t in May 2026 — up from sub-US$30 lows of the 1990s, with 2026 analyst consensus averaging US$94–102/t, well above historical norms.
Infrastructure advantage: active QNS&L and Cartier rail, the port of Sept-Îles, and operating mines next door — lower capex and a faster path to market than greenfield jurisdictions.
Access: reachable by helicopter or float plane from Schefferville, with a seasonally maintained gravel road stopping ~8 km from the central claims.

Lac Le Fer

Request the full briefing.

We can share the complete Lac Le Fer technical package — claim maps, geochemistry, geophysics and target detail — with qualified partners and investors.

Get in touch → Back to portfolio