Labrador Iron Mines Holdings Ltd (LBRMF)

[Steve P]

From the site of Anglesey Mining plc

Labrador Iron Mines
Anglesey also holds 12% of Labrador Iron Mines Holdings Limited which has direct shipping iron ore deposits in Labrador and Quebec. These iron ore projects have been held in stand-by care and maintenance pending an improvement in the iron ore price, however on 29 Oct 2020 LIM announced the commencement of a Preliminary Economic Assessment on its Houston project. This represents the first major development of LIM’s assets since the last production in 2014. See details of the announcement on this link. LIM is working to commence production of direct shipping iron ore from the Houston deposits at the earliest opportunity, see the LIMH Second Quarter Results

The latest update to the PEA was published on 09 Mar 2021 and the LIM Annual Results (with further details of the plans for Houston) were published on 30 June 2021, see the News page for details

Good days ahead of us