Labrador Iron Mines Holdings Ltd (LBRMF)

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JOYCE LAKE PROJECT
Century Iron Mines Corporation (Century) has filed a Project Description and Registration
document with the Government of Newfoundland and Labrador, for its proposed Joyce Lake
Direct Shipping Iron Ore Project. The Joyce Lake Project is situated in Labrador,
approximately 25 km east of LIM’s Houston deposits, and 20 km northeast of the town of
Schefferville, Québec. In a 2015 Feasibility Study, the Joyce Lake project was reported by
Century to contain 17.7 Mt of Proven and Probable Reserves at an average grade of 59.7%
Fe. A target production rate of 2.5 Mtpa over approximately seven years was proposed. The
project plan for Joyce Lake described in the technical report indicates road transportation of
iron ore products through the Houston Project (south of the Houston 3 pit) to a rail loop to be
constructed just north of the Menihek Hydro Dam location, on the east side of the TSH Railway