Champion Iron Project Overview and Cost Structure
SIGNIFICANT IMPACT TOWARDS REDUCING EMISSIONS
CHAMPION IRON
TSX: CIA | ASX: CIA | OTCQX: CIAFF
Champion's concentrate reduces emissions in BF/BOF steelmaking
Proven ability to produce DR grade pellet feed enables Champion to engage with DRI/EAF steel makers
Compared to Low Grade Iron Ore
Compared to BF/BOF Process
15 Mtpa 66.2%
BF/BOF
Fe
process
15 Mtpa¹
DRPF
Project
69% Fe
DRI/EAF
process
1.9M tonnes CO₂ eq/year²
9.7M tonnes CO2 eq/year²
CO
420,000 cars/year
2,150,000 cars/year
TESLA
-1.3M cars
produced/year
COMPARABLE
SCALE
-2M cars
registered by NYC residents
Sources: Champion Iron Limited, Wood Mackenzie data; Tesla's 2022 car production; Cars registered by NYC residents as per www.nyc.gov and www.streetsblog.org; Tesla' Inc.'s car production in 2020 as per backlinko.com | Notes: 1 Phase II expected nameplate
capacity of 15 Mtpa | 2 Assumes 4,600 Kg of CO2 eq per vehicle/year (Source: US Environmental Protection Agency and Natural Resources Canada). BF/BOF reduction assumes a ratio of 1.5t of iron ore concentrate per tonne of steel produced and a reduction
emission of 9.6% for Champion's 66.4% Fe (as per FY21 results) compared to 58% Fe (Based on Wood Mackenzie estimate of 8% reduction for P65 vs. P58). DRI/EAF steel making route assumes 1.47 tonne of pellet feed concentrate per tonne of steel produced.
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