Houston Flagship Deposit Development Plan
2
LIM James Mine
First Full Season of production
James
mine
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Excellent operating results achieved in 2012
Mined 962,000 tonnes at 60.8% Fe in Q2,
40%+ increase in tonnes mined from Q1
James Mine performed at planned operating
rate of 28,000 tpd (ore + waste), prior to
September decision to scale back production 1
2012E sales 1.6 million dry tonnes of iron ore
C$70/tonne operating cost to port 1,2
Mining, processing and rail operations to be
completed in November
Initial production June 2011
2012 season started April
Direct shipping (DSO) iron ore
Conventional open pit mining
using contractors
1 2012 production scaled back due to market conditions
Operating costs includes mining, processing, transportation and site expenses
Labrador Iron Mines - TSX: LIM LIM
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