Champion Iron Ltd.ASX: CIA

Quarterly Activities Report - Dec 31 2024

· Issued by Champion Iron Ltd.

Filed with ASX · · 12 pages · English

Summary by 6ix AI

The report highlights quarterly production of high-grade iron ore concentrate and advancements in the DRPF project, along with the initiation of a feasibility study for the Kami Project in partnership with Nippon and Sojitz. Financially, the company reported a significant decrease in net income compared to the same period last year, primarily due to lower selling prices and an unrealized foreign exchange loss. Despite challenges, the company achieved record material mined and hauled at its Bloom Lake mine, indicating operational stability and growth potential.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

▪ DRPF project advancing on budget and as scheduled for commissioning in December 2025, including an additional $69M deployed in the quarter with cumulative investments to date of $288M ▪ Entered into a binding agreement with Nippon and Sojitz to form a partnership to evaluate the Kami Project and initiated a definitive feasibility study Montréal, January 29, 2025 (Sydney, January 30, 2025) - Cham

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