Labrador Iron Mines

Holdings Limited

TSX: LIM

 
 
  Home
  Corporate Information
  Projects
  Environment & Social
  Investors Centre
  Financials
  Press Releases
  Contact Us
 
 

Schefferville Area Projects

Stage 1 - James
- Redmond
- Knob Lake
Stage 2 - Houston & Malcolm
Stage 3 - Howse
Stage 4 & 5 - Sawyer Lake
- Astray Lake
- Kivivic No. 1 & 2
 
Location
Geology
Deposit Types
Mineral Resources & Reserve Estimates
Transportation & Infrastructure
Mining & Processing
Iron Ore Products & Markets

Schefferville Area Projects

LIM's 20 direct shipping (DSO) properties comprising our Schefferville Projects are located in the western central part of the iron-rich Labrador Trough, one of the most prolific iron ore producing regions in the world. The Schefferville area has a tradition in iron ore production that dates back to the early 1950s. LIM's DSO deposits contain hematite lump and sinter fine ores and are part of the original IOC Schefferville operations, forming part of the 250 million tonnes of historic reserves and resources identified by IOC. Today, the area is home to established infrastructure, which includes hydro power, the town, airstrip and railway service to the Port of Sept-Iles, Quebec. Home Page Map

LIM's mine operations involve the extraction of iron ore by developing open pit mines, starting with the James Mine, which commenced initial production in June 2011. Commercial production was achieved in April 2012 and LIM completed its third year of operations in November 2013. To date, LIM has sold approximately 3.6 million dry tonnes (approximately 3.8 million wet tonnes) in 23 cape-size shipments to the Chinese spot market.

2014 is planned to be a development year for LIM, focusing on developing the Houston Mine so as to be in a position to begin mining production from Houston when market conditions permit, subject to completion of financing and negotiation of major contracts.

At present, LIM has confirmed NI 43-101 compliant measured and indicated minerals resources of 54.8 million tonnes at a grade 56.8% Fe at its Schefferville Projects (as at March 31, 2014). In addition, LIM holds previously-mined stockpiles with a NI 43-101 compliant, indicated mineral resource of approximately 3.5 million tonnes at an average grade of 49.1% Fe and an inferred resource of approximately 2.9 million tonnes at an average grade of 48.8% Fe. These stockpiles are located within 15 km of Silver Yards and form part of LIM's Stage 1 deposits. LIM's Schefferville Projects comprise 20 different iron ore deposits, which were part of the original IOC direct shipping operations conducted from 1954 to 1982 and formed part of the 250 million tonnes of historical reserves and resources previously identified by IOC. The Company holds approximately 108 million tonnes in historical resources previously identified by IOC. The historical resources, based on work carried out by IOC, was prepared according to the standards used by IOC and, while still considered relevant, is not compliant with NI 43-101.

The Company plans to bring the historical resources on these other deposits into NI 43-101 compliant status sequentially in line with their intended phases of production.

LIM also holds a NI 43-101 compliant inferred mineral resource estimate for the Elizabeth Taconite Project (as at June 15, 2013) of 620 million tonnes at an average grade of 31.8% Fe. Taconites require upgrading through a concentrator involving a major capital investment to produce a saleable iron ore product.

A full list of LIM's mineral resource estimates can be found here.

Technical Reports

Technical Report: Schefferville Area Phase 1 DSO Iron Projects Resource Update, Western Labrador - NE Quebec, Canada
June 27, 2014


Mineral Resource Technical Report Elizabeth Taconite Project Labrador
June 15, 2013


Technical Report on Mineral Resource Update of the Houston and Malcolm 1 Property, Labrador West Area, Newfoundland and Labrador and North Eastern Quebec
April 24, 2013


Technical Report on Schefferville Area Direct Shipping Iron Ore Projects Resource Update in Western Labrador and North Eastern Quebec
April 12, 2013


Revised Technical Report: Schefferville Area Direct Shipping Iron Ore Projects Resource Update in Western Labrador and North Eastern Quebec
October 24, 2012


Technical Report on Schefferville Area Direct Shipping Iron Ore Projects Resource Update in Western Labrador and North Eastern Quebec
March 31, 2012


Technical Report on Mineral Resource Update of the Houston Property, Labrador West Area, Newfoundland Labrador
March 31, 2012


Technical Report on Mineral Resource Estimation of the Houston Property Mineral Deposit
March 25, 2011


Technical Report on Direct Shipping Iron Ore Projects in Western Labrador and North Eastern Quebec
March 14, 2011


Technical Report and Resource Estimate on the Denault Iron Ore Deposit, Quebec
March 14, 2011


Technical Report on the Houston Iron Ore Deposit, Western Labrador
February 21, 2011


Resource Estimate & Technical Report on the Houston Iron Ore Deposit, Western Labrador
May 18, 2010


Revised Technical Report on an Iron Ore Project in Western Labrador Province of Newfoundland and Labrador for Labrador Iron Mines Limited
March 18, 2010


Technical Report for Schefferville Mines Inc. and Labrador Iron Mines Holdings Limited - Iron Project in Northern Quebec
December 18, 2009


Technical Report Resource Estimation of the James, Redmond 2B and Redmond 5 Mineral Deposits
December 18, 2009


Revised EIS Document
August 21, 2009



 

Home | Corporate Information | Environment & Social | Financials | Projects | Press Releases | Investors Center | Contact Us


© 2014 Labrador Iron Mines All Rights Reserved    |    Disclaimer & Privacy Policy