The 5,434-acre Peppler Lake iron property was acquired via Consolidated Thompson's friendly acquisition of Quinto Mining Corp., which was completed in June 2008.

The deal valued Quinto at approximately $150 million on a fully-diluted basis (including the Quinto common shares currently held by Consolidated Thompson) at the exchange ratio of one common share of Consolidated Thompson for every five Quinto common shares held.

A scoping study by Bumigeme Engineering in spring 2006 indicated 250,000,000 tonnes grading 28.2% Fe with an NPV of $630,000,000 for the Peppler Lake iron property.

Consolidated Thompson's Lamalee Iron Ore Deposit is located approximately 10km north of Peppler Lake. The tonnage at Lamalee could exceed that at Peppler Lake.

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The 29 claim / 15.37 km2 Lamellée Lake Iron Property (remains with Fancamp and Sheridan) located immediately northeast of the Consolidated Thompson Iron Mines Ltd. (“Consolidated Thompson”) Lac Peppler Iron Deposit (250 million tonnes @ 28.2% iron) is characterized by a magnetic signature similar to, but larger than, that of the Bloom Lake Deposit (with Proven and Probable Reserves of 580 million tonnes at a grade of 30.0% iron) currently under development by Consolidated Thompson. Champion Minerals (CHM) has right of first refusal.

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November 29, 2010

CONSOLIDATED THOMPSON CLOSES US$230 MILLION FINANCING OF CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES

Net proceeds will be used to fund the feasibility studies for the development of the Lamêlée-Peppler property, acquisitions and for general corporate purposes

http://www.consolidatedthompson.com/s/NewsReleases.asp?ReportID=431025&_Type=News-Releases&_Title=CONSOLIDATED-THOMPSON-CLOSES-US230-MILLION-FINANCING-OF-CONVERTIBLE-UNSECUR...

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rago's post on NOT hub (unknown reference):

CLM Set to Consolidate? At yesterday’s presentation, Consolidated Thompson’s (CLM-CN, not covered) CFO Francois Laurin spoke about the company’s vision for the next five years to be in the top 5 iron ore producers in the world, targeting 50mm tonnes per year. In order to accomplish this, they would continue with the plan to double production from Bloom Lake (8.0mm tonnes per annum to 16.0mm tonnes per annum for capex of US$525mm) and then look to the 100%-owned Lamelee & Peppler properties (located 45km from Bloom Lake) to double production again (from 16.0mm tonnes to 32.0mm tonnes). Beyond this, M. Laurin stated that acquisitions will be a key part of CLM’s growth strategy, with the Labrador Trough area being a key focus given the opportunity to leverage on infrastructure synergies. Sounds like the focus will be development-stage stories where there could be infrastructure synergies (see maps below). Scotia Capital’s Bulk Commodity equity analyst Jackie Przybylowski notes that companies like Champion Minerals (CHM-CN, not covered), Alderon Resources (ADV-CN, not covered) as potential targets, as well as possibly Schefferville-focused Direct Ship Ore (DSO) developers New Millenium (NML-CN, not covered) and Labrador Iron Mines (LIM-CN, not covered). CLM also highlighted that gaining further access to the existing infrastructure (particularly connecting ArcelorMital’s rail line with IOC’s QNS&L line in order to “close the loop”) would be very beneficial to expanding production.