Anglesey Mining PLC's (LON:AYM) Bill Hooley talks to Proactive London about the announcement from their investee Labrador Iron Mines Holdings Limited. Hooley takes viewers through the details of the Preliminary Economic Assessment (PEA) on the Houston Project.
Anglesey has a 12% stake in Labrador Iron Mines, which owns 52% of the iron ore mine, located in Canada. The PEA suggests a production time frame of 12 years after an 18-month construction period.