Labrador Iron Mines - Schefferville Project
- - Direct shipping (DSO) lump and sinter fines high-grade hematite iron ore in Labrador
- - Mining has commenced on LIM’s James Deposit and the commissioning of the Silver Yards processing plant is complete.
- - Low capital expenditure requirements - fully funded
- - Existing rail transportation, deep water ports, shipping facilities and hydro power
- - Potential mine life of more than 20 years
- - Former operations of the Iron Ore Company of Canada
- - Compliant (43-101) resources of 37 million tonnes of hematite
- - Historical estimate of 137 million tons of hematite
Parys Mountain Property
- - On the island of Anglesey in north Wales - worked for copper since prehistoric times - presently on care and maintenance
- - Resource of 7.76 million tonnes - Cu 2%, Pb 2.9% and Zn 4.9%
- - Anticipated life of mine contributions to revenue - zinc 27%, copper 51% and lead 13%. Copper more important in later years - October 2010 prices
- - Project has planning permission - two years to production from completion of financing
- - Successful drill programmes in 2005-08 in two areas - Garth Daniel in the east and near-surface White Rock in the west near to the existing shaft
- - Excellent exploration potential over an area of several kilometres
- - Work in 1991 resulted in a positive independent feasibility study for a 1,000 tonne per day mine and strong local community and government support
