Labrador Iron Mines - Schefferville Project

• Direct shipping lump and sinter fines hematite iron ore in Labrador
• Project already partially developed -
                   short time to production - scheduled for early 2010
                   low capital expenditure requirements - fully funded
• Existing rail transportation, deep water ports, shipping facilities and hydro power
• Target production of 1.3 million tonnes per year by 2011, 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

    Also see the Labrador Iron Mines website.
 

Further information

• Press release - March 09 - permitting progress
• View PDF presentation - April 2009
• SNC Lavalin technical report on the Schefferville project
• 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