Champion Iron Mines is developing the Consolidated Fire Lake North (CFLN) Project, a major iron ore mine in the Labrador Trough region of Quebec. A prefeasibility study for CFLN estimates average annual production of 9.3 million tonnes of iron concentrate over a 20-year mine life, with a net present value of $3.3 billion. CFLN has mineral resources totaling 5.1 billion tonnes and is located near existing rail and port infrastructure that services other producers in the established Fermont iron ore district. Champion aims to capitalize on positive long-term iron ore market fundamentals and Quebec's low-cost operating environment to bring CFLN into production.
Champion Iron Mines is developing an iron ore mine in the Labrador Trough region of Canada. Its flagship project is the Consolidated Fire Lake North Project, which has over 5 billion tonnes of mineral resources. A pre-feasibility study for the project outlined an average annual production rate of 9.3 million tonnes of iron concentrate over 20 years. The study found an after-tax IRR of 30.9% and NPV of $3.3 billion, with a 3.4 year payback period. Champion Iron Mines aims to take advantage of existing rail, power and port infrastructure in the established Fermont Iron Ore District.
Champion Iron Mines is developing the Consolidated Fire Lake North (CFLN) iron ore project in the Labrador Trough region of Canada. The project involves mining the CFLN East and West deposits, which contain over 3.5 billion tonnes of iron ore resources. A prefeasibility study from February 2013 estimated the project would produce an average of 9.3 million tonnes of iron concentrate per year over a 20-year mine life, with a net present value of $3.3 billion using an 8% discount rate and internal rate of return of 30.9%. The project aims to take advantage of existing rail, power and port infrastructure in the established iron mining district.
This document provides an overview and corporate presentation for Champion Iron Mines Ltd., which is developing the next major iron ore mine in the Labrador Trough region of Canada. The presentation summarizes a preliminary feasibility study conducted for the Consolidated Fire Lake North Project, which indicated an average annual production rate of 9.3 million tonnes of iron concentrate over a 20-year mine life. It also outlines the company's mineral resource estimates totaling over 5 billion tonnes of iron ore across its properties in the region. The presentation is aimed at investors and provides details on the project economics, infrastructure advantages, management team, and development timeline.
April 2013 Champion Corporate Presentation - EnglishChampionMines
The document discusses plans to build a major new iron ore mine in the Labrador Trough region. It provides an overview of Champion Iron Mines' flagship Consolidated Fire Lake North Project, which has over 5 billion tonnes of mineral resources as per a preliminary feasibility study. The study indicates the mine would produce an average of 9.3 million tonnes per year of iron concentrate over a 20-year mine life, with a net present value of $3.3 billion. The project benefits from established infrastructure including rail, power and the Port of Sept-Îles.
May 2013 Champion Corporate Presentation - EnglishChampionMines
The document discusses plans to build a major new iron ore mine in the Labrador Trough region. It summarizes a preliminary feasibility study conducted for the Consolidated Fire Lake North Project, which indicated an average annual production rate of 9.3 million tonnes of iron concentrate over 20 years. Key highlights include an after-tax IRR of 30.9%, net present value of $3.3 billion, and payback period of 3.4 years. The project would utilize existing rail, power and port infrastructure in the established Fermont Iron Ore District.
Aug. 2013 Champion Corporate Presentation - EnglishChampionMines
The document provides an overview of Champion Iron Mines Ltd.'s plans to build a major new iron ore mine, the Consolidated Fire Lake North Project, in the Labrador Trough region of Canada. Key details include a preliminary feasibility study indicating average annual production of 9.3 million tonnes of iron concentrate over 20 years. The project benefits from established infrastructure in the region including rail lines and the Port of Sept-Îles. The company has over 5 billion tonnes of mineral resources across its properties in the region positioning it for long-term growth.
Reservoir Minerals is a Canadian mineral exploration company focused on managing risk through multiple exploration projects in Europe and Africa. Their business model involves initially exploring projects alone to create value, then introducing joint venture partners to fund further exploration in exchange for project equity. Currently they have three joint ventures in Serbia exploring for copper and gold. Their largest project is a joint venture with Freeport-McMoRan at Timok, Serbia, which has discovered the Cukaru Peki deposit containing 65.3 million tonnes at 2.6% copper and 1.5 g/t gold. Reservoir also holds 100% of several other exploration licenses near Timok with discovery potential. The company is well funded with $42 million
Reservoir Minerals is a Canadian-listed project generator company focused on managing exploration risk through multiple projects in Europe and Africa. Their business model involves creating initial value through discovery, then introducing joint venture partners to fund further exploration in exchange for project equity. Their flagship project is located in Serbia, where they have made a significant copper-gold discovery at Cukaru Peki in a joint venture with Freeport-McMoRan. Freeport has sole funded the project through a feasibility study in exchange for increasing their stake to 75%. Reservoir also has additional projects in Serbia through joint ventures with Rio Tinto and Orogen Gold, and is well funded with over C$32 million in treasury.
Champion Iron Mines is developing an iron ore mine in the Labrador Trough region of Canada. Its flagship project is the Consolidated Fire Lake North Project, which has over 5 billion tonnes of mineral resources. A pre-feasibility study for the project outlined an average annual production rate of 9.3 million tonnes of iron concentrate over 20 years. The study found an after-tax IRR of 30.9% and NPV of $3.3 billion, with a 3.4 year payback period. Champion Iron Mines aims to take advantage of existing rail, power and port infrastructure in the established Fermont Iron Ore District.
Champion Iron Mines is developing the Consolidated Fire Lake North (CFLN) iron ore project in the Labrador Trough region of Canada. The project involves mining the CFLN East and West deposits, which contain over 3.5 billion tonnes of iron ore resources. A prefeasibility study from February 2013 estimated the project would produce an average of 9.3 million tonnes of iron concentrate per year over a 20-year mine life, with a net present value of $3.3 billion using an 8% discount rate and internal rate of return of 30.9%. The project aims to take advantage of existing rail, power and port infrastructure in the established iron mining district.
This document provides an overview and corporate presentation for Champion Iron Mines Ltd., which is developing the next major iron ore mine in the Labrador Trough region of Canada. The presentation summarizes a preliminary feasibility study conducted for the Consolidated Fire Lake North Project, which indicated an average annual production rate of 9.3 million tonnes of iron concentrate over a 20-year mine life. It also outlines the company's mineral resource estimates totaling over 5 billion tonnes of iron ore across its properties in the region. The presentation is aimed at investors and provides details on the project economics, infrastructure advantages, management team, and development timeline.
April 2013 Champion Corporate Presentation - EnglishChampionMines
The document discusses plans to build a major new iron ore mine in the Labrador Trough region. It provides an overview of Champion Iron Mines' flagship Consolidated Fire Lake North Project, which has over 5 billion tonnes of mineral resources as per a preliminary feasibility study. The study indicates the mine would produce an average of 9.3 million tonnes per year of iron concentrate over a 20-year mine life, with a net present value of $3.3 billion. The project benefits from established infrastructure including rail, power and the Port of Sept-Îles.
May 2013 Champion Corporate Presentation - EnglishChampionMines
The document discusses plans to build a major new iron ore mine in the Labrador Trough region. It summarizes a preliminary feasibility study conducted for the Consolidated Fire Lake North Project, which indicated an average annual production rate of 9.3 million tonnes of iron concentrate over 20 years. Key highlights include an after-tax IRR of 30.9%, net present value of $3.3 billion, and payback period of 3.4 years. The project would utilize existing rail, power and port infrastructure in the established Fermont Iron Ore District.
Aug. 2013 Champion Corporate Presentation - EnglishChampionMines
The document provides an overview of Champion Iron Mines Ltd.'s plans to build a major new iron ore mine, the Consolidated Fire Lake North Project, in the Labrador Trough region of Canada. Key details include a preliminary feasibility study indicating average annual production of 9.3 million tonnes of iron concentrate over 20 years. The project benefits from established infrastructure in the region including rail lines and the Port of Sept-Îles. The company has over 5 billion tonnes of mineral resources across its properties in the region positioning it for long-term growth.
Reservoir Minerals is a Canadian mineral exploration company focused on managing risk through multiple exploration projects in Europe and Africa. Their business model involves initially exploring projects alone to create value, then introducing joint venture partners to fund further exploration in exchange for project equity. Currently they have three joint ventures in Serbia exploring for copper and gold. Their largest project is a joint venture with Freeport-McMoRan at Timok, Serbia, which has discovered the Cukaru Peki deposit containing 65.3 million tonnes at 2.6% copper and 1.5 g/t gold. Reservoir also holds 100% of several other exploration licenses near Timok with discovery potential. The company is well funded with $42 million
Reservoir Minerals is a Canadian-listed project generator company focused on managing exploration risk through multiple projects in Europe and Africa. Their business model involves creating initial value through discovery, then introducing joint venture partners to fund further exploration in exchange for project equity. Their flagship project is located in Serbia, where they have made a significant copper-gold discovery at Cukaru Peki in a joint venture with Freeport-McMoRan. Freeport has sole funded the project through a feasibility study in exchange for increasing their stake to 75%. Reservoir also has additional projects in Serbia through joint ventures with Rio Tinto and Orogen Gold, and is well funded with over C$32 million in treasury.
Reservoir Minerals Inc. is a Canadian mineral exploration company focused on managing risk through multiple exploration projects in Europe and Africa. The company has three joint ventures in Serbia exploring for copper and gold, including the Timok Project with Freeport-McMoRan where a 65.3 million tonne inferred resource was discovered. Reservoir is well funded with $44 million in treasury and aims to continue step-out drilling, define new targets, and seek partners to advance its 100% owned projects.
Reservoir Minerals is a Canadian project generator company focused on managing copper and gold exploration risks through multiple projects in Europe and Africa. Their business model is to fund initial exploration to create value, then introduce joint venture partners to fund further development in exchange for project equity. Reservoir currently has three joint ventures in Serbia, including a discovery of 65.3 million tonnes at 2.6% copper and 1.5 g/t gold through their joint venture with Freeport-McMoRan. Reservoir also has 100% ownership of additional permits near this discovery that they are actively exploring to define new targets.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral exploration projects in Europe and Africa. It has three joint venture projects in Serbia, including the Timok Project which is being advanced with partner Freeport-McMoRan. Drilling at the Timok Project led to the Cukaru Peki discovery, containing 65.3 million tonnes at 2.6% copper and 1.5 g/t gold in the inferred resource category. The deposit is located near existing mining infrastructure and has characteristics that could support successful development. Reservoir also holds other properties with exploration potential in the Timok Magmatic Complex of Serbia.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral exploration projects in Europe and Africa. It has three joint venture projects in Serbia, including the Timok Project which is a JV with Freeport-McMoRan. At the Timok Project, a 65.3 million tonne inferred copper-gold resource was discovered at Cukaru Peki, located near existing mining infrastructure. Reservoir Minerals has a well-funded treasury and is well positioned to continue advancing its projects with partner funding.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. Its key project is the Timok Magmatic Complex in Serbia, a large copper-gold porphyry system. Reservoir has made a high-grade discovery at Cukaru Peki within Timok in a joint venture with Freeport-McMoRan. A preliminary economic assessment estimates the project could generate over $1.5 billion in after-tax NPV. The discovery demonstrates the potential for development of a low-cost, high-margin mine with significant exploration upside remaining. Reservoir is well funded with $27 million in treasury to advance its projects.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. Their business model involves early introduction of joint venture partners to fund exploration after initial value has been created. Reservoir currently has three joint ventures in Serbia, including the Timok project with Freeport-McMoRan where they discovered the Cukaru Peki deposit of 35Mt at 2.9% copper and 1.7g/t gold. A preliminary economic assessment showed promising economics for an initial starter mine on high grade portions of the deposit followed by a larger mine on the remaining resources. Reservoir is well capitalized with $27 million and their projects show potential for new discoveries and district-
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage projects in Europe and Africa. It has three joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a significant copper-gold discovery called Cukaru Peki was made. The Cukaru Peki discovery has an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport has sole funded the project through a bankable feasibility study in exchange for increasing its ownership to 75%. Reservoir retains a 25% interest and access to all technical and financial data from the project.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. It has three joint ventures in Serbia exploring for copper and gold, including the Cukaru Peki discovery with Freeport-McMoRan. Drilling at Cukaru Peki outlined an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Reservoir is well funded with $37 million in treasury and aims to create initial value from discoveries before introducing partners to fund further exploration.
Reservoir Minerals is a Canadian-listed project generator company focused on copper and gold exploration in Europe and Africa. In Serbia, the company has made a blind discovery of potential copper-gold mineralization at its Timok project through a joint venture with Freeport-McMoRan. Step-out and in-fill drilling is ongoing to define the limits of the mineralized system. In Africa, Reservoir is exploring for large gold deposits in Cameroon and Gabon through soil sampling and trenching. The company is well funded with $18 million in treasury to advance its projects.
Reservoir Minerals is a Canadian project generator focused on copper and gold exploration in Europe and Africa. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a large copper-gold discovery has been made under sedimentary cover. Reservoir is well funded with $16 million in treasury and is moving the Timok discovery towards resource definition and a pre-feasibility study at no cost to the company.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. Their main project is a joint venture in Serbia with Freeport-McMoRan called the Timok Project, which includes the Cukaru Peki copper-gold discovery. Drilling at Cukaru Peki has outlined an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. A scoping study is underway to evaluate mining the high-grade massive sulphide zone and developing the larger porphyry-style lower zone. Reservoir is well funded with $35 million in treasury and seeks to introduce partners to fund exploration
Reservoir Minerals Inc. is a Canadian project generator company focused on managing exploration risk through multiple early stage exploration projects in diverse metals and locations in Europe and Africa. Their business model is to fund initial exploration to create value, then introduce joint venture partners to fund further exploration in exchange for project equity. Their key project is a joint venture in Serbia called the Timok Project, where they discovered the Cukaru Peki deposit estimated to contain 65.3 million tonnes at 2.6% copper and 1.5 g/t gold. Reservoir is well funded with $48 million in treasury and managed by an experienced exploration team.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage exploration projects in Europe and Africa. Their business model is to create initial value through discovery and then introduce joint venture partners to fund further exploration in exchange for project equity. Their flagship project is a joint venture in Serbia called Timok, where they have discovered the Cukaru Peki copper-gold deposit in partnership with Freeport-McMoRan. The deposit contains an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport is sole funding the project through a feasibility study in exchange for increasing their stake to 75% of the project. Reservoir
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage projects in Europe and Africa. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where they made a high-grade copper-gold discovery at Cukaru Peki of 65.3Mt at 2.6% Cu and 1.5g/t Au. Freeport has sole funded the project through feasibility study in exchange for increasing its ownership to 75%. The discovery is located near existing infrastructure and operating mines within the large Timok magmatic complex, a historically productive copper-gold district.
Reservoir Minerals is a Canadian-listed project generator company focused on managing exploration risk through multiple early-stage exploration projects in Europe and Africa. In Serbia, the company has two joint ventures, including one with Freeport-McMoRan that has made a blind discovery of potentially large copper-gold mineralization at the Timok project. Reservoir is well funded with $19 million in treasury to advance its projects through exploration and seek additional partnerships.
The document summarizes Reservoir Minerals Inc., a Canadian project generator company focused on managing exploration risk through multiple early-stage mineral exploration projects in Europe and Africa. It holds two joint ventures in Serbia - the Timok Project (copper/gold) with Freeport-McMoRan, which includes the Cukaru Peki discovery of 65.3Mt at 2.6% copper and 1.5g/t gold, and the Deli Jovan (gold) project with Orogen Gold. The company is well capitalized with $34.5 million in treasury and uses joint ventures to fund exploration after initial value creation, maintaining exposure to discovery upside.
Fortune Minerals - Investor Presentation - January 2014Company Spotlight
- The document is an investor presentation for a Canadian mineral development company that owns two late-stage projects, a metallurgical coal project and a gold-cobalt project.
- The met coal project, called Arctos Anthracite, has completed a positive feasibility study and environmental assessment work is underway. It aims to produce high quality ultra-low volatile PCI coal.
- The company has a strategic partnership with POSCO, one of the world's largest steel companies, for the Arctos project which validates the project and will aid in its development.
The document discusses Reservoir Minerals, a Canadian project generator company focused on managing exploration risk through multiple mineral exploration projects in Europe and Africa. It highlights the company's two joint ventures in Serbia - the Timok Project copper/gold exploration with Freeport-McMoRan and the Deli Jovan gold project with Orogen Gold. At the Timok Project, Reservoir and Freeport have made a significant discovery called Cukaru Peki, with an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport is sole funding the project through a feasibility study in exchange for increasing its ownership to 75%. The document provides details on the
Reservoir Minerals provides a summary of its business model, projects, and outlook. It operates as a project generator focused on managing exploration risk through multiple early-stage prospects. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where they discovered the Cukaru Peki deposit containing 65.3Mt at 2.6% copper and 1.5g/t gold. Freeport will sole fund a feasibility study for 75% ownership. Reservoir also holds 100% of other prospects and seeks partners to advance exploration. It is well funded with $34.5 million and sees potential for expanding the Cukaru Peki discovery and making new proximal discoveries
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage projects in Europe and Africa. It has three joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a significant copper-gold discovery called Cukaru Peki was made. The Cukaru Peki discovery has an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport has sole funded the project through a bankable feasibility study in exchange for increasing its ownership to 75%. Reservoir retains a 25% interest and access to all technical and financial data from the project.
Fortune Minerals Limited is a producer of strategic metals and coal. It owns several mineral projects in Canada including the Mount Klappan anthracite coal deposit in BC. The deposit is one of the largest undeveloped metallurgical coal deposits in the world. A definitive feasibility study showed robust economics for an initial 3Mtpa operation. Fortune is pursuing an accelerated development strategy with POSCO, a strategic 20% partner, to fully fund the project to construction. The railway infrastructure provides potential for scalable expansion to take advantage of the large resource base and meet growing global metallurgical coal demand.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a discovery of 65.3Mt at 2.6% copper and 1.5g/t gold was made. Reservoir is well capitalized with C$34.5 million and seeks to introduce joint venture partners to fund exploration after initial value creation, maintaining exposure to discoveries. Upcoming work includes a scoping study on the Timok discovery and drilling to define mineralization limits.
Reservoir Minerals Inc. is a Canadian mineral exploration company focused on managing risk through multiple exploration projects in Europe and Africa. The company has three joint ventures in Serbia exploring for copper and gold, including the Timok Project with Freeport-McMoRan where a 65.3 million tonne inferred resource was discovered. Reservoir is well funded with $44 million in treasury and aims to continue step-out drilling, define new targets, and seek partners to advance its 100% owned projects.
Reservoir Minerals is a Canadian project generator company focused on managing copper and gold exploration risks through multiple projects in Europe and Africa. Their business model is to fund initial exploration to create value, then introduce joint venture partners to fund further development in exchange for project equity. Reservoir currently has three joint ventures in Serbia, including a discovery of 65.3 million tonnes at 2.6% copper and 1.5 g/t gold through their joint venture with Freeport-McMoRan. Reservoir also has 100% ownership of additional permits near this discovery that they are actively exploring to define new targets.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral exploration projects in Europe and Africa. It has three joint venture projects in Serbia, including the Timok Project which is being advanced with partner Freeport-McMoRan. Drilling at the Timok Project led to the Cukaru Peki discovery, containing 65.3 million tonnes at 2.6% copper and 1.5 g/t gold in the inferred resource category. The deposit is located near existing mining infrastructure and has characteristics that could support successful development. Reservoir also holds other properties with exploration potential in the Timok Magmatic Complex of Serbia.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral exploration projects in Europe and Africa. It has three joint venture projects in Serbia, including the Timok Project which is a JV with Freeport-McMoRan. At the Timok Project, a 65.3 million tonne inferred copper-gold resource was discovered at Cukaru Peki, located near existing mining infrastructure. Reservoir Minerals has a well-funded treasury and is well positioned to continue advancing its projects with partner funding.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. Its key project is the Timok Magmatic Complex in Serbia, a large copper-gold porphyry system. Reservoir has made a high-grade discovery at Cukaru Peki within Timok in a joint venture with Freeport-McMoRan. A preliminary economic assessment estimates the project could generate over $1.5 billion in after-tax NPV. The discovery demonstrates the potential for development of a low-cost, high-margin mine with significant exploration upside remaining. Reservoir is well funded with $27 million in treasury to advance its projects.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. Their business model involves early introduction of joint venture partners to fund exploration after initial value has been created. Reservoir currently has three joint ventures in Serbia, including the Timok project with Freeport-McMoRan where they discovered the Cukaru Peki deposit of 35Mt at 2.9% copper and 1.7g/t gold. A preliminary economic assessment showed promising economics for an initial starter mine on high grade portions of the deposit followed by a larger mine on the remaining resources. Reservoir is well capitalized with $27 million and their projects show potential for new discoveries and district-
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage projects in Europe and Africa. It has three joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a significant copper-gold discovery called Cukaru Peki was made. The Cukaru Peki discovery has an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport has sole funded the project through a bankable feasibility study in exchange for increasing its ownership to 75%. Reservoir retains a 25% interest and access to all technical and financial data from the project.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. It has three joint ventures in Serbia exploring for copper and gold, including the Cukaru Peki discovery with Freeport-McMoRan. Drilling at Cukaru Peki outlined an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Reservoir is well funded with $37 million in treasury and aims to create initial value from discoveries before introducing partners to fund further exploration.
Reservoir Minerals is a Canadian-listed project generator company focused on copper and gold exploration in Europe and Africa. In Serbia, the company has made a blind discovery of potential copper-gold mineralization at its Timok project through a joint venture with Freeport-McMoRan. Step-out and in-fill drilling is ongoing to define the limits of the mineralized system. In Africa, Reservoir is exploring for large gold deposits in Cameroon and Gabon through soil sampling and trenching. The company is well funded with $18 million in treasury to advance its projects.
Reservoir Minerals is a Canadian project generator focused on copper and gold exploration in Europe and Africa. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a large copper-gold discovery has been made under sedimentary cover. Reservoir is well funded with $16 million in treasury and is moving the Timok discovery towards resource definition and a pre-feasibility study at no cost to the company.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. Their main project is a joint venture in Serbia with Freeport-McMoRan called the Timok Project, which includes the Cukaru Peki copper-gold discovery. Drilling at Cukaru Peki has outlined an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. A scoping study is underway to evaluate mining the high-grade massive sulphide zone and developing the larger porphyry-style lower zone. Reservoir is well funded with $35 million in treasury and seeks to introduce partners to fund exploration
Reservoir Minerals Inc. is a Canadian project generator company focused on managing exploration risk through multiple early stage exploration projects in diverse metals and locations in Europe and Africa. Their business model is to fund initial exploration to create value, then introduce joint venture partners to fund further exploration in exchange for project equity. Their key project is a joint venture in Serbia called the Timok Project, where they discovered the Cukaru Peki deposit estimated to contain 65.3 million tonnes at 2.6% copper and 1.5 g/t gold. Reservoir is well funded with $48 million in treasury and managed by an experienced exploration team.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage exploration projects in Europe and Africa. Their business model is to create initial value through discovery and then introduce joint venture partners to fund further exploration in exchange for project equity. Their flagship project is a joint venture in Serbia called Timok, where they have discovered the Cukaru Peki copper-gold deposit in partnership with Freeport-McMoRan. The deposit contains an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport is sole funding the project through a feasibility study in exchange for increasing their stake to 75% of the project. Reservoir
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage projects in Europe and Africa. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where they made a high-grade copper-gold discovery at Cukaru Peki of 65.3Mt at 2.6% Cu and 1.5g/t Au. Freeport has sole funded the project through feasibility study in exchange for increasing its ownership to 75%. The discovery is located near existing infrastructure and operating mines within the large Timok magmatic complex, a historically productive copper-gold district.
Reservoir Minerals is a Canadian-listed project generator company focused on managing exploration risk through multiple early-stage exploration projects in Europe and Africa. In Serbia, the company has two joint ventures, including one with Freeport-McMoRan that has made a blind discovery of potentially large copper-gold mineralization at the Timok project. Reservoir is well funded with $19 million in treasury to advance its projects through exploration and seek additional partnerships.
The document summarizes Reservoir Minerals Inc., a Canadian project generator company focused on managing exploration risk through multiple early-stage mineral exploration projects in Europe and Africa. It holds two joint ventures in Serbia - the Timok Project (copper/gold) with Freeport-McMoRan, which includes the Cukaru Peki discovery of 65.3Mt at 2.6% copper and 1.5g/t gold, and the Deli Jovan (gold) project with Orogen Gold. The company is well capitalized with $34.5 million in treasury and uses joint ventures to fund exploration after initial value creation, maintaining exposure to discovery upside.
Fortune Minerals - Investor Presentation - January 2014Company Spotlight
- The document is an investor presentation for a Canadian mineral development company that owns two late-stage projects, a metallurgical coal project and a gold-cobalt project.
- The met coal project, called Arctos Anthracite, has completed a positive feasibility study and environmental assessment work is underway. It aims to produce high quality ultra-low volatile PCI coal.
- The company has a strategic partnership with POSCO, one of the world's largest steel companies, for the Arctos project which validates the project and will aid in its development.
The document discusses Reservoir Minerals, a Canadian project generator company focused on managing exploration risk through multiple mineral exploration projects in Europe and Africa. It highlights the company's two joint ventures in Serbia - the Timok Project copper/gold exploration with Freeport-McMoRan and the Deli Jovan gold project with Orogen Gold. At the Timok Project, Reservoir and Freeport have made a significant discovery called Cukaru Peki, with an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport is sole funding the project through a feasibility study in exchange for increasing its ownership to 75%. The document provides details on the
Reservoir Minerals provides a summary of its business model, projects, and outlook. It operates as a project generator focused on managing exploration risk through multiple early-stage prospects. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where they discovered the Cukaru Peki deposit containing 65.3Mt at 2.6% copper and 1.5g/t gold. Freeport will sole fund a feasibility study for 75% ownership. Reservoir also holds 100% of other prospects and seeks partners to advance exploration. It is well funded with $34.5 million and sees potential for expanding the Cukaru Peki discovery and making new proximal discoveries
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage projects in Europe and Africa. It has three joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a significant copper-gold discovery called Cukaru Peki was made. The Cukaru Peki discovery has an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport has sole funded the project through a bankable feasibility study in exchange for increasing its ownership to 75%. Reservoir retains a 25% interest and access to all technical and financial data from the project.
Fortune Minerals Limited is a producer of strategic metals and coal. It owns several mineral projects in Canada including the Mount Klappan anthracite coal deposit in BC. The deposit is one of the largest undeveloped metallurgical coal deposits in the world. A definitive feasibility study showed robust economics for an initial 3Mtpa operation. Fortune is pursuing an accelerated development strategy with POSCO, a strategic 20% partner, to fully fund the project to construction. The railway infrastructure provides potential for scalable expansion to take advantage of the large resource base and meet growing global metallurgical coal demand.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a discovery of 65.3Mt at 2.6% copper and 1.5g/t gold was made. Reservoir is well capitalized with C$34.5 million and seeks to introduce joint venture partners to fund exploration after initial value creation, maintaining exposure to discoveries. Upcoming work includes a scoping study on the Timok discovery and drilling to define mineralization limits.
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- Huguenot has a 45.5 million tonne NI 43-101 compliant metallurgical coal resource and potential for additional 84-113 million tonnes; Flatbed has potential for a large tonnage deposit
- Fortune Minerals Limited is an emerging strategic metal and coal producer that owns the Mount Klappan Anthracite Coal Project in British Columbia, one of the world's premier metallurgical coal development projects.
- The company has secured a joint venture partnership with POSCO, one of the world's largest steel producers, to help fund the project towards construction.
- Fortune also owns the NICO gold-cobalt-bismuth-copper project in the Northwest Territories and Saskatchewan, which has over 4 million ounces of gold equivalent and is undergoing permitting.
Champion Iron Mines is presenting on developing the next major iron ore mine in the Labrador Trough region of Canada. The presentation provides an overview of Champion Iron's projects in the region, including the flagship Consolidated Fire Lake North Project, which has over 1 billion tonnes of mineral resources. It summarizes the results of a preliminary economic assessment for the Consolidated Fire Lake North Project, indicating an internal rate of return of 41.5% and payback period of 2.3 years. The presentation also provides details on infrastructure, metallurgy, development timelines and growth opportunities for the projects.
Fortune Minerals Limited is a strategic metals and coal producer with projects in Canada. Its key assets include the Mount Klappan anthracite coal project in British Columbia and the NICO gold-cobalt-bismuth-copper project in the Northwest Territories and Saskatchewan. The Mount Klappan project has over 200 million tonnes of resources and reserves and a feasibility study showing robust economics. A joint venture with Korean steel producer POSCO provides funding to advance the project towards construction. Fortune also plans to become a vertically integrated producer of metals from the NICO project.
This investor presentation provides information on Fortune Minerals Limited, a Canadian mineral development company with two advanced projects. It summarizes the positive feasibility studies for its Arctos anthracite coal project in BC and NICO metals project in the Northwest Territories. For the Arctos project, it highlights the robust economics, environmental assessment progress, and strategic partnership with POSCO, one of the world's largest steel producers. It also discusses growing global demand for metallurgical coal and constrained supply.
Reservoir Minerals is a Canadian project generator focused on managing exploration risk through multiple early stage projects in Europe and Africa. In Serbia, it has two joint ventures, including the Timok project with Freeport-McMoRan where drilling has discovered a large copper-gold system. Reservoir is also exploring for gold in Cameroon and Gabon through soil sampling, trenching and drilling. The company is well funded with $16 million in treasury and seeks to introduce partners to advance projects after initial value creation.
English champion iron_mines_october 9, 2012shosein2011
This corporate presentation by Champion Iron Mines provides an overview of the company and its iron ore projects in Canada. Champion owns 14 iron ore projects in Quebec's Labrador Trough region, including its flagship Consolidated Fire Lake North project. A 2011 preliminary economic assessment for the CFLN project estimated an internal rate of return of 41.5% and indicated the ability to produce 8.7 million tonnes of concentrate annually for 25 years. The presentation highlights the project's resources, infrastructure access, development timeline, and potential for expansion through further exploration.
English champion iron mines sept 18th 2012shosein2011
This corporate presentation by Champion Iron Mines provides an overview of the company's iron ore exploration and development projects in Canada's Labrador Trough region. It summarizes plans to develop the flagship Consolidated Fire Lake North Project, which has over 4 billion tonnes of mineral resources and is expected to produce 8.7 million tonnes of concentrate annually. The presentation also discusses Champion Iron's competitive advantages, management team experience, capital structure, and growth opportunities through developing its portfolio of 14 early-stage projects in the established iron ore district.
Fortune Minerals Investor Presentation - January 2014Company Spotlight
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Fortune Minerals Investor Presentation November 2013Company Spotlight
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Nov. 2013 Champion Corporate Presentation - English
1. Building the Next
Major Iron Ore Mine
in the Labrador Trough
Corporate Presentation
November 2013
Oct 19th,2013
19 November 2013
| championironmines.com
FSE: P02
CPMNF
2. FORWARD-LOOKING STATEMENTS
Certain information contained herein regarding Champion Iron Mines Ltd., including
management’s assessment of future plans & operations, may constitute forward-looking
statements under applicable securities law & necessarily involve risks, including but not limited
to risks associated with mining exploration, operating costs, production costs, volatility of share
prices, currency fluctuations, imprecision of resource & reserve estimates, environmental risks
& ability to access sufficient capital from internal & external sources.
As a consequence, actual results may differ materially from those anticipated in any forward
looking statements. Plans, intentions or expectations disclosed in any forward-looking
statements or information should not be read as guarantees of future results or events, & will
not necessarily be accurate indications of whether or when or by which such results or events
will be achieved.
Except as required by law, Champion Iron Mines Ltd., expressly disclaims any intention &
undertakes no obligation to update any forward looking statements or information as conditions
change.
The historical mineral resources mentioned are strictly historical in nature & are non-compliant
to National Instrument 43-101 mineral resources & mineral reserves standards, & should
therefore not be relied upon. A qualified person has not done sufficient work to upgrade or
classify the historical mineral resources as current National Instrument NI-43-101 compliant.
2
3. About Champion Iron Mines
Advanced iron ore exploration & development projects located in
Canada’s principal iron ore district, the Labrador Trough
Fermont Holdings (755 km2)
121 projects in the Fermont Iron Ore District
Flagship Consolidated Fire Lake North (“CFLN”) Project
Prefeasibility Study (“PFS”) announced Feb. 7, 2013
5.1 billion tonnes of NI 43-101 compliant Mineral Resource
Estimates of iron ore
910 million tonnes of Measured + Indicated Resources
4,185 million tonnes of Inferred Mineral Resources
100% direct interest; option to buy back 0.5% of the NSR
for C$1.5 million, resulting in a 2.5% NSR overall)
Attikamagen Project (310 km2)
1.7 billion tonnes @ 31.3% FeT & a plan for a 2 Mtpa2 DSO project
Champion retains a 2% NSR in the Attikamagen Project that is owned through
a joint venture between Century Iron Mines and Wuhan3
1. Champion signed a definitive option agreement with Cartier Iron to earn a 65% interest in 7 of its projects (Cluster 3)
2. As reported by Champion Iron’s JV Partner on Mar. 25, 2013 press release
3. As reported in Champion Iron’s October 3, 2013 press release
3
4. Québec’s Next
Major Iron Ore Mine
CFLN Prefeasibility Study
Feb. 7, 2013 PFS indicated an average production
rate of 9.3 Mtpa of iron concentrate for the 20 year
mine life
First 5 year average: 9.8 Mtpa
Net Present Value of $3.3B at a discounted cash flow
rate of 8% with an Internal Rate of Return of 30.9% &
a payback period of 3.4 years
Established Fermont Iron Ore District
Canada produces 47 Mtpa of iron ore concentrate & this
is expected to increase to a total of 200 Mtpa over the
next 10 years if all proposed development projects are
realized
Established rail, power & port infrastructure
- Competitive power rates are available
- Port of Sept-Îles is building a world-class 50 Mtpa
multi-user wharf project for the iron ore industry
which is on schedule & on budget
4
5. Capital Structure
Share Data & Cash Position as of September 30, 2013.
Total Shares – Outstanding
Warrants
Options
137.4
Issued
7,000,000 at $3.00 (expire May 17, 2015) - Fancamp
15,000,000 at $0.25 (expire July 17, 2015) – Baotou
Outstanding
7,000,000
15,000,000
22,000,000
8.34 M @ C$1.00 (avg. exercise price)
Total Shares – Fully Diluted
168.0 M
Outstanding Share Market
Capitalization
(based on $0.25 share price)
C$34M
Cash & Receivables
C$15M
Management / Insiders Ownership
~ 26.7%
Analyst Coverage
5
6. Board of Directors
Over 200 years of combined exploration & mine operations experience
B OARD
OF
D IRECTORS
Tom Larsen*
Donald A. Sheldon, LLB., P.Eng.*
Alexander Horvath, P.Eng.*
William Harding
Francis Sauvé
Harry Burgess, P.Eng.
Paul Ankcorn
James Wang
PRESIDENT
DIRECTOR
DIRECTOR
DIRECTOR
DIRECTOR
DIRECTOR
DIRECTOR
DIRECTOR
M AN AGEM E NT T EAM
Tom Larsen
Miles Nagamatsu
Alexander Horvath, P.Eng.
Martin Bourgoin, P.Geo.
Beat Frei
Jeff Hussey, P.Geo.
Jean-Luc Chouinard, P.Eng., M.Sc.
Bruce Mitton, P.Geo.
Jorge Estepa
Katrina Chua
PRESIDENT & CEO
CHIEF FINANCIAL OFFICER
EXECUTIVE VICE PRESIDENT, EXPLORATION & PROJECT DEVELOPMENT
EXECUTIVE VICE PRESIDENT, OPERATIONS
SENIOR VICE PRESIDENT, PROJECT FINANCE
SENIOR VICE PRESIDENT, CORPORATE DEVELOPMENT
VICE PRESIDENT, PROJECT DEVELOPMENT
VICE PRESIDENT, EXPLORATION
VICE PRESIDENT, SECRETARY & TREASURER
DIRECTOR OF INVESTOR RELATIONS
CORPORATE ADVISORS
Doug Bache; Jérome Cliche
6
7. Why invest in Champion Iron Mines?
Favourable Operating
Environment
October 7th 2013, Government
announce a pre-feasibity study for a
new multi-users rail – accessible to
all
The forecast for Iron ore prices over
the mid to long term remain positive
Favourable tax environment
(40% tax rebate on exploration
expenditures)
Champion Iron Mines
Competitive Advantage
Fermont Holdings: 12 iron ore brownfield
projects (755 km2)
CFLN Prefeasibility Study of coarse
grained specular hematite surficial
deposits
Easier to liberate
Deleterious elements in
concentrate are well below
industry specifications limits
Access to low-cost power & close to
rail & port infrastructure
Team with experience in mine start-ups
including construction and commissioning
Québec is a very stable jurisdiction to
develop & operate mines
Upside potential for short, mid, & long term
growth is high with 5.1 billion tonnes of
iron ore resources
Skilled labor work force in Québec
Environmental: Iron ore beneficiation
includes crushing & grinding to
liberate the iron; followed by gravity
& magnetic separation of iron ore
from gangue minerals rather than the
use of reagents
Several de-risking initiatives underway
including a multi-user rail solution,
Environmental & Social Impact Study that
is near completion & permit applications
underway
Closest t project development to the St.
Lawrence Seaway & electrical power
infrastructure
7
8. Global Mineral Resources
NI 43-101 Compliant Mineral Resource Estimates
Consolidated Fire Lake North Mineral Resource Estimates @ 15% FeT cut-off
Deposit
FLN - West*
FLN - East*
FLN - Don Lake
Bellechasse
Oil Can - Oxide
Oil Can - Mixed
Total
*Total Resource under Prefeasibility Study
Total Resource Tonnes (millions)
Measured
tonnes
(millions)
24
3
0
Grade
FeT%
35.4
34.2
21.4
Indicated
tonnes
(millions)
405
262
52
Grade
FeT%
32.6
29.6
26.5
-
-
-
-
27
1,215
35.0
719
31.0
Inferred
tonnes
(millions)
329
192
188
215
972
924
2,821
Grade
FeT%
30.9
28.7
25.3
28.7
33.2
24.1
28.8
3,567
Other Fermont Holdings Mineral Resource Estimates @ 15% FeT cut-off
Harvey-Tuttle
Moire Lake
Other Fermont Projects Total Resources Tonnes
(millions)
Total Fermont Holdings Mineral Resources Tonnes
(millions)
164
27
35.0
30.5
947
417
883
30.9
4,185
23.2
29.4
27.6
5,095
3.567 billion tonnes, out of the 5.1 billion tonnes of global resources, are within the confines of the
CFLN Project; the resource base has the potential to produce up to 35-40 Mtpa of iron concentrate;
that could support an independent rail solution, if necessary. Oil Can has the potential for 16-20 Mtpa.
8
9. Existing Rail Infrastructure
REGIONAL LOCATION MAP &
INFRASTRUCTURE
Québec North Shore & Labrador Railway
(“QNS&L”):
CFLN PEA Base Case connection to Bloom
Lake railway required 62 km of rail + 32 km of
loops and sidings including 14 km for the CFA1
railway for a total of 94 km of rail
New option under study: multi-user railway
QNS&L links to Sept-Îles & Pointe Noire
Bloom Lake & QNS&L railways are considered
common carriers
Common carriers allocate capacity on a firstcome, first-serve basis
Cartier Railway:
Privately owned by ArcelorMittal
Chemin de Fer Arnaud
Transports ore from ArcelorMittal’s Fire Lake
Mine northward to Mt. Wright concentrator
1
Links Mont Wright to Port-Cartier (Max 30Mtpa)
Within CFLN Project boundary
9
10. World Class Port of Sept-Îles Infrastructure
Expanding to Meet Demand
Pointe Noire Multi-Users Wharf
Completion Mar. 31, 2014; 18 months prior
to “CFLN" startup
Federal Government announced $55M
funding or 25% of project
Phase 1: 50 Mtpa for $220M
Phase 2: Planning for 100 Mtpa
Port of Sept-Iles
Pointe Noire
Port of Sept-Îles
Port of Sept-Iles
RTZ-IOC shipping facility
Port-Cartier
Pointe Noire
ArcelorMittal shipping facility
$2.1B expansion is underway & will include
concentrator expansion with port & rail
infrastructure upgrades
China Max ship capacity 300kt
Located 62 km west of Sept-Îles
Courtesy of the Port de Sept Îles
10
13. Consolidated Fire Lake North Project
Prefeasibility Study – February 2013
Key Results
Pre-Tax Basis
Internal Rate of Return (IRR) (8% Discount Rate) 1
30.9%
Undiscounted Cash Flow
$9.0B
Net Present Value @ 5% Discounted Cash Flow
$4.7B
Net Present Value @ 8% Discounted Cash Flow
$3.3B
Net Present Value @ 10% Discounted Cash Flow
$2.6B
Payback Period (8% Discount Rate)
3.4 Years
Pre-production Capital Expenditures:
Direct Operating Costs2
US$1,394.4M (Fire Lake North & Pointe Noire)
US$34.58 per tonne (average 20 years);
US$27.99 per tonne (average years 1 to 5)
Iron Ore Spot Price Assumptions3
US$115 per tonne of concentrate at 62% Fe (years 1 -5)
US$110 per tonne of concentrate at 62% Fe (years 6-20)
Mine-Life
19.6 years
Exchange Rate
$1.00 USD to $1.00 CDN
Overall Stripping Ratio
2.74:1 for the current 20 year mine-life
1.56:1 (years 1-3 of production); 2.02:1 (years 1-5 of operation)
Mineral Resource Estimate (MRE)
East & West Pits
Measured & Indicated Resources 693.5 Mt grading 31.5% FeT (NI43-101)
Inferred Resources 521.6 Mt grading 30.1% FeT @ 15% FeT cut-off (NI43-101)
Proven & Probable Reserves
464.6 million tonnes grading 32.4% Fe at a 15% cut-off grade;
1. This includes railway capital repayment and interest
2. Direct operating costs excludes railway capital repayment & interest
3. Iron ore spot price assumption does not take into account that Champion will be producing a 66% FeTconcentrate and can command a $2-5 premium
per percentage above 62% FeT, for each tonne of ore.
13
14. Consolidated Fire Lake North Project
Prefeasibility Study – Feb. 2013
OPERATING EXPENDITURES (US$/TONNE OF CONCENTRATE)
COST PARAMETERS
AVERAGE 20 YEARS
AVERAGE YEARS 1 to 5
Mining
18.89
12.76
Concentrating, crushing & processing
4.38
3.89
Site infrastructure, sales & general administration
4.05
3.66
Environmental tailings & management
0.13
0.12
Rail transport including lease for rolling stock
4.80
5.42
Port facilities
2.34
2.14
34.58
27.99
Railway capital repayment ($1,133.6M)
6.22
7.40
Railway interest payment ($592.6M)
3.25
7.29
44.05
42.68
Total Direct Operating Cost
Total Operating Cost
PRE-PRODUCTION CAPITAL EXPENDITURES (US$ MILLIONS)
Fire Lake North & Pointe Noire
Railway
Total Capital
in
$ MILLIONS
Direct Costs
Mining
Concentrator & FLN Site Infrastructure
687.7
Pointe Noire
106.5
Project Indirect Costs
140.5
Contingency
Railway
200.0
Rolling Stock Leasing
13.4
53.2
Engineering, Procurement, Construction & Mgmt. (EPCM)
Total Capital in
$ MILLIONS
158.2
Owner’s Cost
COST AREA
133.7
Indirect Costs
COST AREA
114.6
Sub-total
1,394.4
Grand Total (100% of the project)
Sub-total
1,607.9
213.4
14
15. Consolidated Fire Lake North
Project Schedule
2011
2012
2013
2014
2015
2016
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
CFLN Definition Drilling
Scoping Study
Updated PEA
Metallurgical Results - CFLN, Moire
Lake, Oil Can
Pre-Feasibility Study
Environmental and Social Impact
Assessment (ongoing)
Community Consultation
Oil Can Definition Drilling Planned
Feasibility Study
Permitting
Construction
Production
Legend:
Critical point: Project Schedule will be revised and updated once the feasibility study of the railway solution is confirmed
Completed milestones
16. Consolidated Fire Lake North Project
Growth Through Development
Prefeasibility Study results released Feb. 7, 2013
Feasibility Study with 20 Mtpa production rate
scope underway
West Pit
Area
East Pit
Area
West (3500m) & East (2400m) Pits are both
synformal fold closures that are open at depth
Don Lake
Area
Mineral Resource Estimate (MRE) announced on
Jan. 9, 2013 (COG 15% FeT):
Measured & Indicated Resources
693.5 M tonnes grading 31.5% total iron (FeT)
Inferred Resources
521.6 M tonnes grading 30.1% total iron (FeT)
Several de-risking initiatives are underway
See www.championironmines.com for reports maps & assays
16
17. Consolidated Fire Lake North Metallurgy
Press Release, August 1, 2012
High quality sinter concentrate with very low deleterious elemental content
Weight recovery @ 39.9%; no magnetic separation required
Liberates at 850 micron (-20 mesh) & produces a 65-66% iron concentrate
Assuming a concentrate with 66% Fe ; No magnetic separation circuit required
Alumina is 0.52% versus industry standard of 2%
Silica content is < 5%
Al2O3 : SiO2 ratio of 0.14 versus the upper industry specification limit of 1
This very low alumina to silica ratio is an ideal blending product for steel mills
High Grade, Coarse Specular Hematite
Quartz Specular Hematite
17
18. Consolidated Fire Lake North Project
Economic Projections based on PFS Metrics
Assumptions: 1Projections of an expansion plan at CFLN for a second concentrator production line
are listed in the table below. This projection of an 18-20 Mtpa production rate of iron concentrate is
not NI 43-101 compliant but rather an estimation of mid term potential:
IRR = 34.7%
NPV (M$)
Payback (yrs)
0%
$18,441 M
3.9
5%
$9,400 M
4.1
8%
$6,465 M
4.32
10%
$5,081 M
4.4
Discount Rate
2Payback
period at an 8% discounted rate is estimated from the production start of the 1st
concentrator production line, the payback for the 2nd production line is 1.9 years after it starts based
on the additional CAPEX for the 2nd line of US$587M including indirect (mine and concentrator)
costs, railway capital repayment and interest.
Feasibility Study Objectives:
•
•
•
•
Potential to integrate a Multi-Users rail solution
Reduce CFLN sustaining capital in the economic model.
Continue metallurgical test work with the objective of eliminating the second AG mill ($100 million sustaining capital) in year.
Continue negotiations with Hydro-Québec to find ways to reduce the $217.5 million participation in sustaining capital for the
construction of a new 315 kV power line.
• Review iron ore deposits at both CFLN & Oil Can to increase Measured & Indicated Resources and reduce the overall strip ratio.
18
21. Oil Can Project
Initial Mineral Resource Estimate
Potential for low strip ratio < 1–1.5
972 Mt of iron oxide grading 33.2% at a
15% iron cut-off
924 Mt of mixed iron oxide-silicate
mineralization
This deposit is open at depth
Orientation metallurgical tests indicate
a relatively coarse liberation grind size
Commercial grade magnetite sinter feed
concentrate can be produced
2011 drill program returned long
magnetite-hematite
iron
formation
intersections up to 545 metres in length
Inferred Resources drilled on 400 metre
sections is completed
To view a larger more detailed version of this map please visit:
http://www.championironmines.com/vns-site/page-oil_can.html
21
22. Moiré Lake Project
Initial Mineral Resource Estimate: March 29, 2012
Mineral Resource Estimate:
Arcelor Mittal Property Boundary
Indicated Resources:
164 M tonnes grading 30.5% FeT
Inferred Resources:
417 M tonnes grading 29.4% FeT
DDH LM11-12: 503 M @ 31% FeT
A’
Kilometric synform with hematite &
magnetite outcrops at surface
Adjacent to ArcelorMittal Mont-Wright mine
A
500
meters
22
23. Moiré Lake Project
Infrastructure: Adjacent to Bloom Lake Railway (8km), road, & power
442 Mt @ 30.1% FeT;
Zone B: 285 Mt @ 30.1% FeT
500
meters
23
24. Oil Can Project
Exploration Upside
South & East Zones
Section 9800N (Facing North)
South Zone
OC11-05
OC11-07
East Zone
OC11-08
OC11-19
OC11-02
OC11-01
Ovb
IF
OC11-07
OC11-019
IF
197.2m @ 26.8%
incl. 145.5 @
28.1%
163.1m @
30.5%
OC11-01
190.9m @
30.6%
OC11-05
303.4m @ 34.7%
incl. 130.8m @
36.5%
OC11-02
401.5m @ 30.7%
incl. 213.5 @
33.1%
OC11-08
545.7m @ 33.7%
incl. 442.3 @
36.4%
200 metres
24
30. Global Steel Production Shows
Continued Demand for Iron Ore
1,600,000
China’s CAGR* is 9.88% over
the last 30 years vs. 2.30% for
total global steel production
over the same period.
1,400,000
Kilotonnes
1,200,000
1,000,000
China
800,000
Japan
600,000
Rest of the
World
400,000
200,000
1980
1985
Source: World Steel Association website
* CAGR: Compound Annual Growth Rate
1990
1995
2000
2005
2010
30
31. Labrador Trough Annual Production
Iron Ore Production Upside
Current Annual
Production
Future
Annual Forecast
IOC/RTZ
17 Mtpa + 6 Mtpa
23 Mtpa
ArcelorMittal
16 Mtpa + 8 Mtpa
24 Mtpa
Cliffs Natural Resources (Wuhan)
12 Mtpa + 8 Mtpa
20 Mtpa
2 Mtpa1
5 Mtpa1
0
50 Mtpa2
Company
Labrador Iron Mines
Adriana Resources (Wuhan)
New Millennium (Tata)
0
4 Mtpa1
24 Mtpa2
2 Mtpa1
Century Iron Mines (Wuhan)
0
Champion Iron Mines Limited
0
~20 Mtpa
Alderon Iron Ore Corp.
0
~16 Mtpa
47 + 22 Mtpa
~208 Mtpa
Total Current & Forecasted Production
1.
2.
Direct shipping ore
Taconite fine grained iron ore
20 Mtpa2
31
32. Fermont Iron Ore District
(“FIOD”)
Historically, before 2003, the Fermont &
Labrador mining camps produced 33 Mtpa.
RTZ/IOC = 17 Mtpa; increased now to 24
ArcelorMittal = 13 Mtpa; increased now to 24
Wabush = 3-4 Mtpa
Price
“ Marginal Era”:
For 30-40 years pre-2003
the price per tonne of concentrate
was $15- $30/tonne for 62% Fe,
costs per tonne were similar.
Current 3 year moving average is
$115/tonne (62% Fe)
Current Spot Price Average
~$130-135/tonne (Oct. 2013)
(62% Fe)
32
34. Advanced Exploration
Bellechasse Deposit
Harvey Tuttle Project
Deposit located within CFLN
NI 43-101 Resource Estimate: Inferred Resources
estimate; 215 Mt @ 29% Fe; potential for more
Magnetite rich iron formation
Adjacent to Hwy 389
Synform geometry is favorable for open pit mining
NI 43-101 Inferred Resource Estimate:
717 Mt @ 25% Fe; magnetite rich iron formation
Intersected multiple significant iron formation
intervals in 2010 drill program
Total of 13,165 m of drilling completed
Less than 50% of the kilometric scale magnetic
anomalies have been tested
25 km W-NW of CFLN
Within conveying distance from CFLN planned
concentrator (20-30 km)
34