Labrador Iron Mines - Schefferville Project

• Direct shipping lump and sinter fines hematite iron ore in Labrador
• Project already partially developed –
                   short time to production
                   low capital expenditure requirements
• Existing rail transportation, deep water ports, shipping facilities and hydro power
• Target production of 1.3 million tonnes per year by 2009, increasing to 3.5 million tonnes after 3 years
• Potential mine life of more than 20 years
• Former operations of the Iron Ore Company of Canada
   

Further information

• Latest press release - permitting progress
• SNC Lavalin technical report on the Schefferville project
• View PDF presentation of October 2007
• Visit Labrador Iron Mines Holdings website for further details
• Following the December 2007 IPO in Toronto, Anglesey holds approximately 50% of the  Schefferville project, which has been financed through phase 1 by the IPO