Champion Iron Project Overview and Cost Structure
KAMI STUDY HIGHLIGHTS → ECONOMIC RESULTS
→ Positive findings of the study, resulting in after tax
economics of:
Base case NPV of $541M and IRR of 9.8%
3-year trailing prices NPV of $2,195M and IRR of 14.8%
→ Completion of the study enables the Company to work on
strategic partnership opportunities prior to considering a
final investment decision
CHAMPION IRON ☑
TSX: CIA | ASX: CIA | OTCQX: CIAFF
PROJECT ECONOMICS
BASE SCENARIO
3-YEAR TRAILING
PRICE SCENARIO3
C$
US$
P65 Index price
assumption¹
156.0/t
120.0/t
C$
US$
197.9/t 152.2/t
PRE-TAX
NPV8% ($M)
1,482M
1,140M
4,034M 3,103M
IRR (%)
12.1%
18.0%
AFTER-TAX
NPV8% ($M)
541M
416M
2,195M 1,688M
IRR (%)
9.8%
14.8%
CAPEX AND OPEX
Initial Capex (M)
C1 Total Cash Cost per dmt²
C$
US$
3,864
2,972
76.1
58.5
Total All-in Sustaining Costs per dmt (AISC)²
89.5
68.9
Source: Champion Iron Limited I Notes: 1 Project economics derived from (i) P65 index and lii) an additional premium for DR grade quality iron ore 12 Non-IFRS financial measure, ratio or other financial measure. Refer to the
disclaimer at the page 2 of this presentation |2 Including CSR and miscellaneous 13 Based on calendar year 2021 to 2023 | See disclosure page for statement regarding the Kami Project Study
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