Hammerstone Infrastructure Material Ltd is developing the industrial mineral potential of its extensive mineral properties in the oil sands region north of Fort McMurray, in northeastern Alberta.
The region is renowned as the home of Canada's fast-growing oil sands industry. Production from Alberta's oil sands now exceeds 2 million barrels of crude oil per day, and production is expected to triple in the next 10-20 years. To achieve this growth, the oil sands industry needs a range of construction aggregate products to sustain new development and ongoing mine and insitu operations.
In the North Athabasca region, there is a looming shortage of quality aggregate for road construction and regional infrastructure development. It is estimated the oil sands operations that are underway, or have been announced, will require over 1 billion tonnes of aggregate over the life of the projects.
The Hammerstone quarry covers an area of about 3,600 acres approximately 60 km north of Fort McMurray in the heart of the Athabasca oil sands. Hammerstone's assets include over 750 million tonnes of directly accessible limestone aggregate reserves and other local alluvial sand and gravel resources. The limestone quarry area is unique in that the outcrops are at or near surface across the quarry area and is not buried beneath the overlying oil sands as it is elsewhere in the region.
The quarry will provide a significant, secure, year-round and local source of aggregate materials that will help enhance the sustainability and environmental performance of the oil sands industry.
Hammerstone Infrastructure Materials Ltd also holds leases and permits for limestone and other minerals covering approximately 750,000 additional acres in the Athabasca region of Alberta.