Champion Iron Project Overview and Cost Structure
SETTING NEW PRODUCTION RECORDS AT BLOOM LAKE
→ Increased operational stability, resulting in record
quarterly iron ore concentrate production of 4.0M
wmt in Q3/FY24, surpassing Bloom Lake's expanded
nameplate capacity of 15 Mtpa (equivalent to an
average quarterly nameplate capacity of 3.75 Mt)
8.0
6.0
4.0
2.0
Note: 1. FY2019 reflects Bloom Lake's commissioning year
0.0
CHAMPION IRON ☑
TSX: CIA | ASX: CIA | OTCQX: CIAFF
BLOOM LAKE PRODUCTION HISTORY
(MILLION WMT/YEAR)
15.0
11.2
7.9
8.0 7.9
Previous owners
7.0
2010
2011
2012
2013
2014
2015
2016
2017
FY2019 1
FY2020
FY2021
FY2022
FY2023
→ Slower than anticipated ramp-up in railway services resulted in the
inability to haul all the iron ore concentrate produced in recent
periods with 2.4M wmt stockpiled as of December 31, 2023
→ The Company is engaging with the rail operator to ramp-up services
and access its contracted shipping capacity to ensure it can haul
Bloom Lake's increased production in future periods and gradually
ship iron ore concentrate currently stockpiled at Bloom Lake
16
Expected nameplate
Including phase IIView entire presentation