Houston Flagship Deposit Development Plan
LIM Stage 1
James + Surrounding Deposits near Silver Yards plants
N
Quebec
Stage 1B Historical
0
2.5
5
Denault
kilometres
Stage 1A and 1B
NI 43-101 Compliant¹
Indicated
(000t)
James (Central)
6,700
Redmond (Central)
2,900
Denault (Central)
6,400
Schefferville
Knob Lake (Central)
TOTAL (1A & 1B)
5,700
21,700
SY
Plant
Labrador
Gill
Ruth
Lake 8
Knob
必 Lake
James
(Non NI 43-101)²
(000t)
Stage 1B
Gill (Central)
4,600
Ruth Lake (Central)
400
Redmond
Total (1B Historical) 5,000
(10 km from James)
TSH Rail
5 smaller satellite deposits
within 15 km radius of
James/Silver Yards
21 Mt NI 43-101 Resources
5 Mt historical resources
~10 Mt stockpiles (historical)
>> Crushed and >50% Fe
>> Potential to convert to resources
Objective: 5 Years of ~2.0 Mt
of Annual Iron Ore Production³
Goal: 10 Mt of Saleable Iron Ore - James Mine and Surrounding Deposits
1 NI 43-101 compliant resource as at Mar 31, 2012
2 Historical resource identified by IOC prior to 1983 were not prepared in accordance with NI 43-101 Labrador Iron Mines - TSX: LIM LIM
3 Subject to detailed engineering, design, environmental assessment and permitting
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