Consolidated Fire Lake North Project - GOLDINVEST.de
Consolidated Fire Lake North Project - GOLDINVEST.de
Consolidated Fire Lake North Project - GOLDINVEST.de
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About Champion Iron Mines<br />
Advanced iron ore exploration and <strong>de</strong>velopment projects located in<br />
Canada’s principal iron ore district, the Labrador Trough<br />
Fermont <strong>Project</strong>s (747 km 2 )<br />
• 14 projects in the Fermont Iron Ore District<br />
• Flagship <strong>Consolidated</strong> <strong>Fire</strong> <strong>Lake</strong> <strong>North</strong> <strong>Project</strong><br />
with the feasibility study due in early Q4 2012<br />
• 4.7 billion tonnes of NI 43-101 compliant estimates of<br />
iron mineral resources on 3 projects (564 MT of Measured<br />
+ Indicated and 4,136 MT of Inferred Mineral Resources)<br />
• 100% direct interest, 3% NSR (C$1.5 million buyback<br />
for an additional 0.5% NSR)<br />
Attikamagen <strong>Project</strong> (310 km 2 )<br />
• Champion Iron Mines holds a 44% interest<br />
• Century Iron Mines Corp. subsidiary has a 56% interest<br />
and can earn up to a 60% interest by spending further $3<br />
million on exploration expenditures by May 2014 1<br />
• Sept. 25 th 2012: 1.7 billion tonnes @ 31.3% FeT and a<br />
plan for a DSO project of 1 Mtpy 2<br />
1. Investment by WISCO of 25% ($60M) and Minmetals of 5% ($12M)<br />
2. As reported by Champion Iron’s JV Partner on Sept 25th, 2012<br />
3
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