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Block 103 is located within the heart of the Labrador Trough which is one of the largest iron belts in the world, and accounts for 99% of Canada's iron ore. Block 103 covers an area of 7,275 hectares, located 30km northwest of the mining town of Schefferville, Quebec, Canada. Block 103 is surrounded by iron ore developers Tata Steel and adjacent to the deposits KeMag and LabMag.

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