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Champion Iron Ord Shs T.CIA

Alternate Symbol(s):  CIAFF

Champion Iron Limited is an Australia-based iron ore exploration and development company. The Company, through its wholly owned subsidiary, Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex, located on the south end of the Labrador Trough, approximately 13 kilometers (km) north of Fermont, Quebec. Bloom Lake is an open-pit operation with two concentrators that primarily source energy from renewable hydroelectric power. The Company ships iron ore concentrate from Bloom Lake by rail, to a ship loading port in Sept-lles, Quebec, and has sold its iron ore concentrate to customers globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to Bloom Lake, Champion owns a portfolio of exploration and development projects in the Labrador Trough, including the Kamistiatusset Project, located a few km south-east of Bloom Lake, and the Cluster II portfolio of properties, located within 60 km south of Bloom Lake.


TSX:CIA - Post by User

Post by ElanS2on Jan 15, 2024 7:57am
297 Views
Post# 35826509

Over due reports ?

Over due reports ?If I recall correctly at least two studies were due before the end of 2023 :
  -the reuse of the old Wabush pellet plant in Sept-Iles
  -developing the Kammi deposit left over from Alderon
I want to buy more CIA, but the silence concerning these studies makes me nervous.
From what I know the old PP is a pile of junk and the Kammi deposit comes with Manganese which is not easy to remove and is regarded as a contaminant ( see the first 43-101 from Alderon ).
So far CIA has been a model of doing things right. Management is first class and the project has a bright future so I do not wish to be negative, but I do want to see these studies out in the open before putting more $ on the table.
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