Champion Iron Project Overview and Cost Structure
MATERIAL DEMAND INCREASE FOR HIGH PURITY IRON
Cumulative historical
production¹
O
2,300 Mt
Demand for Direct
Reduction (DR)
pellets by 2050,
required in DRI-EAF
steelmaking, is
expected to be 6X the
cumulative historical
production
CHAMPION IRON
TSX: CIA | ASX: CIA | OTCQX: CIAFF
Forecast (2023-2050)
14,400 Mt
The steel industry's transition to DRI-EAF steelmaking will require an additional 348 Mtpa of high purity iron by
20502, equivalent to an additional -40 average scale mines
Sources: Champion Iron Limited, Minespans data, Midrex World Direct Reduction Statistics, 2021
Notes: 1 Cumulative historical production estimated from 1970-now; estimated DR pellet demand prior to 1970 of 1 Mtpa | 2 High purity iron defined as Fe> 65% and combined alumina and silica < 5.5%
10View entire presentation