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Adriana Resources Inc

Adriana Resources Inc

Adriana is a Canadian publicly-listed company engaged, through its 40% interest in Lac Otelnuk Mining Ltd (“LOM”), in the development of mineral properties in Nunavik, Québec, Canada. Adriana also holds land associated with a previously proposed iron ore port facility in Brazil (the “Port Facility Land”). As discussed at length below, the Company recognized an impairment charge of $49.6 million to write-down the Port Facility Land’s carrying value to $4.7 million as at December 31, 2013.

 

Camp Bai Gignard location
Core, Lac Otelnuk, Quebec
Core shack, Lac Otelnuk, Quebec
Diamond Drill, Lac Otelnuk, Quebec
Diamond Drill assembly
Diamond Drill assembly
Diamond Drill crew
Removing empty fuel drums from site

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Adriana Resources Inc