Kamistiatusset (Kami)
Location:
Newfoundland and Labrador, Canada
Champion Iron Limited (“Champion” or the “Company”) acquired the Kamistiatusset Iron Ore Project (“Kami” or “The Project”) on April 1, 2021.
Kami is located southwest of the towns of Wabush and Labrador City in Newfoundland & Labrador and east of Fermont, Québec. The Project is situated 21 km southeast of the Company’s operating Bloom Lake mine, in the Labrador Trough geological belt in southwestern Labrador, near the Québec border.
The Kami deposit is an iron formation of the Lake Superior-type, located in a highly metamorphosed and deformed metasedimentary sequence of the Grenville Province of the Labrador Trough.
In March 2024, the Company completed a study evaluating the construction of mining and processing facilities, including a concentrator, tailings facilities and related infrastructure to produce Direct Reduction (“DR”) quality iron ore from the mining properties of the Kami mine (the “Project”). The Project proposes to produce a DR quality iron ore near available infrastructure.
The Company expects to continue refining the Project, engage with stakeholders, including prospects to improve economics, advance permitting, and work on strategic partnership opportunities prior to considering a final investment decision.
