IGO has been undertaking a strategic review in an attempt to revaluate its resources.
The world's largest producer of iron ore shipped 80.3 million tons of the steel-making commodity in the quarter.
The company's Flat gold project is located 40 km north of the giant Donlin gold project.
There are some 10,000 mining claims in Grassy Narrows’s interim area of interest for over more than 2,850 sq. km in the province’s far northwest.