Champion Iron Project Overview and Cost Structure
OPTIMIZING COST STRUCTURE
$120
1
TOTAL CASH COST
(C$/DMT)
+32% Industrial Product Price Index
(IPPI) increase in Canada since 20143
$80
$40
CHAMPION IRON ☑
TSX: CIA | ASX: CIA | OTCQX: CIAFF
Phase II ramp up
Approx. 40%
reduction
→ Q3 FY2024 results: Continued to optimize operating
costs metrics, with a total cash cost¹ of $73.0/t
(US$53.6/t)
$ 81.3¹
$73.7* $ 73.0¹
$0
2
2014
2015
2016
2017
FY19
FY20
FY21
FY22
FY23
Q1/FY24 Q2/FY24 Q3/FY24
PREVIOUS OWNERS
CHAMPION IRON
→ The Company expects its cash cost per tonne to
benefit from several factors in the near-term,
including:
-
Reduced utilization of contractors as the
Company fills vacant positions
Increase in infrastructure reliability with a
continued focus on optimizing operations.
Sources: Champion Iron Limited, cost curve provided by Wood Mackenzie for Q4/CY23
Notes: 1 Non-IFRS financial measure, ratio or other financial measure. Refer to the disclaimer at page 212 FY2019 reflects Bloom Lake's commissioning year 13 Sourced from Statistics Canada, Industrial product price index (IPPI) in January 2014
at 94.0, and December 2023 at 123.7
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