Anteros Secures Knob Lake Property Mineral Tenure to 2030 - Feb 5, 2025
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ANTEROS SECURES KNOB LAKE PROPERTY MINERAL TENURE TO 2030
ST. JOHN’S, Newfoundland and Labrador, February 5 , 2025 – Anteros Metals Inc. (“Anteros” or the
“Company”) (CSE:ANT) is pleased to announce the successful filing of the Knob Lake Property NI 43-101
Technical Report (the “ Report”) with the government of Newfoundland and Labrador Department of
Industry, Energy and Technology (“IETNL”). The approval of the Report’s expenditures as assessment
credits and the recent renewal of the mineral licence has secured the Company’s mineral tenure at the
Knob Lake Property un�l 2030.
The Knob Lake Property (the “Property”) hosts a high-grade Iron and Manganese deposit located in an
ac�ve mining jurisdic�on in Labrador, near Schefferville Québec. The Property is 100% owned by Anteros
and is strategically located close to necessary infrastructure such as hydropower and rail facili�es,
suppor�ng the poten�al for future opera�onal developments.
PROPERTY HIGHLIGHTS
Historic Mineral Resource Es�mate1 with favorable metallurgical tes�ng, and a current NI 43-101
Technical Report, available on SEDAR + (www.sedarplus.ca)
Approximately 2,750 metres of historical drilling, 1,246 metres of which was conducted a�er 2006
Favourable Synclinal structure centred over iron-rich members of the Sokoman Forma�on
Road-accessible with ac�ve rail rights-of-way and proximity to modern hydropower lines
Ac�ve Explora�on Approval from the Mineral Lands Division of IETNL
Long-term mineral tenure security within an ac�ve iron mining jurisdic�on
LOCATION AND MINERAL TENURE
The Knob Lake Iron and Manganese Deposit is located in western Labrador 2.5 kilometres south of
Schefferville, Québec, 1.5 kilometres east of the James Iron Deposit, and 2.3 kilometres southeast of the
former Silver Yards beneficia�on plant at Ruth Lake. The Property is road accessible from the town of
Schefferville (Figure 1). The mineral licence consists of three con�guous mineral claim units, covering an
area of 75 hectares that are in good standing un�l October 28, 2030.
KNOB LAKE PROPERTY SECURED TO 2030
ANTEROS METALS – FEB 5, 2025 2
Figure 1: Knob Lake Property loca�on and mineral tenure map (1:40,000 scale)
KNOB LAKE PROPERTY SECURED TO 2030
ANTEROS METALS – FEB 5, 2025 3
GEOLOGY AND MINERALIZATION
The Labrador Trough, straddling parts of Labrador and Québec, is known for Superior-type iron
forma�ons that have been explored and mined for iron since 1954. The principal iron forma�on unit of
the area, is the Sokoman Forma�on, a 30 to 350 metre -thick iron-rich stra�graphic unit running along
the length of the Labrador Trough. The lower and middle members of the Sokoman Forma�on are the
most economically important, responsible for world-class iron-ore deposits commonly containing more
than 50% hema�te and magne�te. The Property is posi�oned over a synclinal fold structure affec�ng the
Sokoman Forma�on (Figure 2) and is viewed as favourable for iron mining in the district.
Figure 2: Geology and historical drilling of the Knob Lake Property
Note: LIF, MIF, SCIF, UIF are Lower, Middle, Silica-Chert, and Upper Iron Formations, all geologic sub-units of the Sokoman Formation (Unit 11). DB is
diabase of the Shabogamo Formation. Adapted from Orth (1972)
KNOB LAKE PROPERTY SECURED TO 2030
ANTEROS METALS – FEB 5, 2025 4
HISTORICAL RESOURCES
Mineral explora�on at the Property began in the 1970s when the Iron Ore Company of Canada conducted
reverse circula�on (“RC”) drilling, diamond drilling, and trenching, producing a mineral inventory on the
Property in 1982. In the decade following 2006, Labrador Iron Mines Ltd. conducted diamond drilling and
RC drilling, along with LiDAR surve ying and airborne gravity and magne�c surveying over the Property,
and commissioned an inaugural mineral resource es�mate (“MRE”) for the Property in 2012 which was
updated in 2014. The 2014 MRE is summarized in Table 1.
Table 1: Knob Lake Property Historical Mineral Resource Es�mate (Dupéré, 2014)1
Fe ‘Ore’
Classifica�on Tonnes2,3 Fe (%) P (%) Mn (%) SiO2 (%) Al2O3(%)
Measured (M) 2,824,000 55.01 0.070 1.00 10.21 0.48
Indicated(I) 2,259,100 54.33 0.061 1.07 11.19 0.46
Total (M+I) 5,083,500 54.71 0.066 1.03 10.65 0.47
Inferred 643,800 51.78 0.085 1.21 13.53 0.45
Mn ‘Ore’
Classifica�on Tonnes2,3 Fe (%) P (%) Mn (%) SiO2 (%) Al2O3(%)
Measured (M) 375,000 50.55 0.086 5.59 8.45 0.68
Indicated(I) 214,000 49.56 0.076 4.87 9.60 0.80
Total (M+I) 588,000 50.19 0.082 5.33 8.86 0.72
Inferred 127,000 49.18 0.046 4.80 9.66 0.40
1The mineral resource for the Knob Lake Deposit (Dupéré, 2014) is considered historical in accordance with
NI 43-101 (see paragraph below for important disclosures regarding historical resources)
2Historical mineral resources are rounded to the nearest 10,000 tonnes
3Historical mineral resources that are not mineral reserves do not have demonstrated economic viability
This historical mineral resource es�mate is from a Technical Report en�tled Technical Report: Schefferville
Area Phase I DSO Iron Projects Resource Update, Western Labrador – NE Québec, Canada by Maxime
Dupéré dated June 27, 2014 and is filed o n SEDAR+. The Technical Report was prepared in accordance
with Na�onal Instrument 43 -101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), NI 43-
101F1, and with CIM standards and Mineral Resource best prac�ces. The independent Qualified Person
believed project data was suitable for mineral resource es�ma�on at that �me. The stated resource uses
an iron cut -off grade of 50%, and grades were not capped. An independent Qualified Person will be
required to compile and validate historic Property data, model the data, and es�mate the mineral
resource to obtain a current mineral resource. A qualified person has not done sufficient work to classify
the historical es�mate as a current mineral resource and Anteros Metals Incorporated is not trea�ng the
historical es�mate as a current mineral resource.
QUALIFIED PERSON
Jesse Halle, P . Geo., an independent Qualified Person in accordance with Na�onal Instrument 43-101 –
Standards of Disclosure for Mineral Projects, has reviewed and accepted the technical material contained
in this news release.
KNOB LAKE PROPERTY SECURED TO 2030
ANTEROS METALS – FEB 5, 2025 5
ABOUT ANTEROS METALS INC.
Anteros is a mul�mineral junior mining company using data science to target and acquire highly
prospec�ve deposits for explora�on and development throughout Newfoundland and Labrador. The
Company is currently focused on advancing four key projects across diverse commodi�es and
development horizons. Immediate plans for t heir flagship Knob Lake Property include bringing the
historical Fe-Mn Mineral Re source Es�mate into current status as well as commencing baseline
environmental and feasibility studies.
For further informa�on please contact or visit:
Email: [email protected] | Phone: 1-800-417-1468
Web: www.anterosmetals.com
Social: @anterosmetals
On behalf of the Board of Directors,
Chris Morrison
Director
Email: [email protected] | Phone: 709-725-6520
Web: www.anterosmetals.com/contact
16 Forest Road, Suite 200
St. John’s, NL, Canada
A1X 2B9
Cau�onary Statement Regarding Forward-Looking Informa�on
This news release may contain "forward-looking informa�on" and "forward-looking statements" within
the meaning of applicable Canadian securi�es legisla�on. All informa�on contained herein that is not
historical in nature may cons�tute forward- looking informa�on. Forward -looking statements herein
include but are not limited to statements rela�ng to the prospects for development of the Company's
mineral proper�es, and are necessarily based upon a num ber of assump�ons that, while considered
reasonable by management, are inherently subject to business, market and economic risks, uncertain�es
and con�ngencies that may cause actual results, performance or achievements to be materially different
from those expressed or implied by forward looking statements. Except as required by law, the Company
disclaims any obliga�on to update or revise any forward-looking statements. Readers are cau�oned not
to put undue reliance on these forward-looking statements.