Labrador Iron Mines Holdings Ltd. · OTC:LBRMF
Labrador Iron Mines — Investor Presentation (June 2022)
26 slides from Labrador Iron Mines's investor presentation, June 2022
Slide 1: Labrador Iron Mines Corporate Presentation
Labrador Iron Mines Advancing Development of the Houston Project in the Labrador Trough Corporate Presentation June 2022
Slide 2: Forward Looking Information and Cautionary Statements
Forward Looking Information and Cautionary Statements Labrador Iron Mines Holdings Limited (“LIMH”, “LIM” or the “Company”) has prepared this presentation for information purposes only. It contains forward-looking statements about the Company's plans for the exploration, development, and mining of i
Slide 3: Experienced Mine Developer
Experienced Mine Developer In 2011, LIM Achieved First Iron Ore Production in the Schefferville Region in 30 years ‘s Iron Ore Projects ‘s Advantages Schefferville Region, Labrador Trough 17 Years Experience in Labrador 5 years in exploration & development (2005 – 2009) 5 years construction & mining
Slide 4: Mining Experience
Mining Experience James Mine: Three Successful Operating Seasons (2011-2013) ~4.6 million tonnes of ore mined ~8.2 million tonnes of waste rock removed Labrador Iron Mines 4
Slide 5: Rail Operations
Rail Operations GWRR leases locomotives and (Genesee & Wyoming) operates a ~6 km spur line TSH Railway to Emeril Junction in (Tshiuetin Rail Transportation Inc.) Labrador: ~200 km QNS&L (Quebec North Shore to Port of Sept-Îles: ~360 km & Labrador Railway) Three Transported by Rail to Port of Sept-Îl
Slide 6: Shipping Experience
Shipping Experience 23 Cape-size shipments to China (2011-2013) ▪ 2013 - SamJohn Dream carrying 186,500 wmt of LIM iron ore Labrador Iron Mines 6
Slide 7: Environmental Compliance and Rehabilitation Activities
Environmental Compliance and Rehabilitation Activities SILVER YARDS SITE REHABILITATION - 2020 Silver Yards Decommissioning Programme – Topsoil Spreading 2020 Labrador Iron Mines 7
Slide 8: James Mine Pit: Flooded
James Mine Pit: Flooded 2017 Labrador Iron Mines 8
Slide 9: Current Portfolio of Iron Deposits
Current Portfolio of Iron Deposits Eclipse Houston & Malcolm (northwest – not shown on map) North Zone DSO Deposits 20.5 M+I mt 62.7% Fe Trough 1 14.3 Inf. mt 59.4% Fe 43-101 Compliant Resource1 Central Zone Wollet ~100 mt 62% Fe t Lance Ridge North Central Fleming 9 Elizabet h South Central Histori
Slide 10: Houston Project 2021 Mineral Resource Estimate
Houston Project 2021 Mineral Resource Estimate Mineral Resource Estimate Tonnes Fe SiO2 Mn P Al2O3 Category (Mdmt) % % % % % Measured 11.4 62.7 6.8 0.52 0.07 0.68 Indicated 9.1 62.7 7.3 0.41 0.06 0.54 M+I 20.5 62.7 7.0 0.47 0.06 0.62 Inferred 14.3 59.4 13.7 1.02 0.07 0.83 Houston and Malcolm deposit
Slide 11: Houston Hematite
Houston Hematite Houston banded iron formation Houston massive hematite dipping 45⁰ Labrador Iron Mines 11
Slide 12: Houston Project
Houston Project Houston Property looking North towards Schefferville Labrador Iron Mines 12
Slide 13: Houston Project PEA Development Plan
Houston Project PEA Development Plan Mining Operations - Year-round ~5,500 tonnes / day - Mining Dry Crush and Screen Rail Operations – May to November Dry Crushing and Screening Plant ~10,000 tonnes /day - Rail ~2,000,000 tonnes / year production New rail siding Houston 1 & 2, rail and road permitt
Slide 14: Houston Project
Houston Project • Simple Development Plan • Surface and mining leases in place Low capital development plan: • Capital investment to put Houston into production relatively modest and lead time for development relatively short, compared with most other iron ore producers under development in the Labr
Slide 15: Houston Project site layout map
643000 E 645000 E 649000 E 651000 E 6069000 N 6069000 N MALCOLM NORTH PIT DRY SIZING PLANT MALCOLM SOUTH PIT EXISTING TSH RAILWAY MALCOLM HAUL ROAD 6067000 N 6067000 N GILLING LOUISE LAKE LAKE 6065000 N HOUSTON 2 PIT 6065000 N BAKER HOUSTON 1 PIT LAKE 2000 m OBOE LAKE HOUSTON BRIDGE HOUSTON PROJECT
Slide 16: PEA Highlights
PEA Highlights PEA Highlights - NPV8% = C$109 million (after-tax) using US$90/t iron ore price (base case) NPV - NPV8% = C$459 million (after-tax) using US$160/t iron ore price (current price) - IRR = 39% (after-tax) using US$90/t iron ore price (base case) IRR - IRR = 209% (after-tax) using US$160/
Slide 17: PEA Strengths
PEA Strengths • LIM’s Safety Record is Excellent • FY 2012-2022: 1 lost time injury • Low Technical and Execution Risks by Industry Standards • 8 km gravel road, 2 km rail siding, dry crushing and screening • Low stripping ratio (waste:ore) • Extensive existing local infrastructure • Short 18 months
Slide 18: Houston Project Key Takeaways
Houston Project Key Takeaways 2 million tonnes / year for 12-year mine life High grade (>62% Fe) lump and sinter fines Low Capital Costs Strong Projected Economics Ready for Construction Houston Northern Access Road Houston Massive Hematite Houston Coarse Ore Sample Houston Fine Ore Sample Labrador
Slide 19: Planned Initiatives to Advance Houston Towards Production
Planned Initiatives to Advance Houston Towards Production Houston Project Pre-Feasibility Study Bulk Sample Metallurgical Testing Lump Ore Characterization Hauling Optimization Studies Update Hydrogeological Plan Activate Regulatory Approvals Complete Commercial Negotiations Rail, port and equipment
Slide 20: Elizabeth Taconite Project
Elizabeth Taconite Project Elizabeth Deposit Taconite Deposits 620 mt 31.8% Fe 43-101 Compliant Resource1 350-600 mt 31.9% Fe Exploration Potential1 ▪ Significant potential for resource expansion; open to NW and SE ▪ Nearby Gagnon taconite target (Quebec) Labrador Iron Mines 20 1 As at June 15, 2013
Slide 21: Elizabeth Taconite Project
Elizabeth Taconite Project Close to Infrastructure Adjacent to railbed Conceptual Plan ~5,000,000 tonnes Fe / year 15 Mt mined / year Concentrator Rail to Port Projected 30-year mine life Taconite resource targets represent potential project grade >65% Fe of concentrate Labrador Iron Mines 21
Slide 22: LIM Advantage Extensive Existing Infrastructure
LIM Advantage Extensive Existing Infrastructure Access roads to property Local town with airport Direct to port rail access Hydro power connection Hydro Power Connection Ore Shipment to Port LIM Substation Direct to Port Railway Town of Schefferville with airstrip Access Road toLabrador Project Iron
Slide 23: Relationships with First Nations
Relationships with First Nations Social License to Operate Impact and Benefit Agreements Local employment July 2008 Innu Nation of Labrador (left) Training programs September 2010 Naskapi Nation of Kawawachikamach (2nd from left) Business opportunities June 2011 Innu Matimekush-Lac John Community en
Slide 24: LIM Executive Team
LIM Executive Team Mining executive with 50 years of industry experience. Chairman and CEO of numerous mining companies, including Canadian Zinc Corporation, John Kearney Anglesey Mining plc., Minco plc., Canadian Manganese Company Inc., Chairman & CEO Conquest Resources Ltd., Board of Directors, Mi
Slide 25: LIM At a Glance
LIM At a Glance Experienced Operator • James Mine 2010 – 2013 (~4.6 Mt ore mined) Proven Track Record of Responsible Mining • Completion of Reclamation and Rehabilitation Extensive Iron Ore Resources • Houston DSO & Elizabeth Taconite Access to Infrastructure James Mine Mining Operations • Town of S
Slide 26: Contact Us
Labrador Iron Mines Contact Us: John F. Kearney Chairman and CEO +1 (647) 728 - 4101 Richard Pinkerton Chief Financial Officer +1 (647) 728 - 4104 Rodney Cooper Chief Operating Officer +1 (416) 886 - 9046 Aiden Carey SVP Operations Carey.A@LabradorIronMines.ca Larry LeDrew VP Environment & Permittin
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