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Canada
Kami Project

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 Location:
14 km SE from Labrador City, Newfoundland and Labrador, Canada

  Project Contacts:
1100 René-Lévesque Blvd. West Suite 610
Montreal
Quebec, Canada
H3B 4N4
Phone  ...  Subscription required
Fax+1-514-819-8100
WebsiteWeb
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  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Fleet
  • Personnel
  • Filings & News

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Overview

StageFeasibility
Mine TypeOpen Pit
Commodities
  • Iron Ore
Mining Method
  • Truck & Shovel / Loader
Mine Life23 years (as of Jan 1, 2018)
On April 1, 2021, the Company completed the acquisition of the Kami Project and certain related contracts. The Company is currently revising the Kami Project's scope with the aim of maximizing the project's value by incorporating the most recent mining technologies. Over the upcoming months, the Company will evaluate the amenability of the deposit's feasibility study to produce a DR grade product. The updated feasibility study is expected to be completed in the first half of calendar 2023, as part of the Company's strategy to evaluate its growth alternatives within its property portfolio.


Owners

Source: p. 4
CompanyInterestOwnership
Champion Iron Ltd. (operator) 100 % Indirect

Contractors

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Deposit Type

  • Banded iron formation


Summary:

The iron formation on the property is iron formation of the Lake Superior type. Lake Superior-type iron formations consist of banded sedimentary rock composed principally of bands of iron oxides, magnetite and hematite within quartz (chert)-rich rock with variable amounts of silicate, carbonate and sulphide lithofacies.

Mineralization of economic interest on the property is oxide facies iron formation. The oxide iron formation ("OIF") consists mainly of semi-massive bands or layers, and disseminations of magnetite and/or specular hematite (specularite) in recrystallized chert and interlayered with bands (beds) of chert with iron carbonates and iron silicates. Where magnetite or hematite represent minor component of the rock comprised mainly of chert, the rock is lean iron formation. Where silicate or carbonate becomes more prevalent than magnetite and/or hematite, then the rock is silicate iron formation ("SIF") and or silicate-carbonate iron formation and its variants. SIF consists mainly of amphibole and chert, often associated with carbonate and contains magnetite or specularite in minor amounts. The dominant amphibole on the Kami property is grunerite. Where carbonate becomes more prevalent, the rock is named silicatecarbonate or carbonate-silicate iron formation. However, in practice, infinite variations exist between the OIF and silicate-carbonate iron formation composition end members. SIF and its variants and lean iron formation are also often interbedded ........


Mining Methods

  • Truck & Shovel / Loader


Summary:

The Kami Project will be operated using conventional open pit mining methods (drill, blast, load & haul) using an owner operated fleet. The mining sequence will begin with tree clearing and grubbing followed by the removal of the topsoil that will be hauled to a stockpile where it will be used for future reclamation activities. Overburden will be removed with the fleet of shovels and trucks and hauled to the overburden stockpile. Pre-stripping overburden removal will be contracted out. Ore and waste will be drilled and blasted on 14 m benches and loaded into the fleet of haul trucks with the hydraulic excavators. The majority of the waste rock will be hauled to waste rock pile and a certain amount will be hauled to the tailings management facility (“TMF”) to be used for dam construction. The ore will either be hauled directly to the primary crusher or to the ore stockpile. Mining operations will be conducted on a 24 hour basis, 7 days per week and 52 weeks per year.

Waste Rock Pile Design
An overburden stockpile and a waste rock pile have been designed for the Kami Project with adequate capacity to contain the quantities of material that will be generated during the life of the mine. The locations of the overburden and waste rock stockpiles require that Kami LP obtains surface land rights to accommodate the required footprint for each.

The design of the overburden stockpile considers an overburden density of 2.35 t/m3, a swell factor of 1.2 and a ........


Crushing and Grinding
Source: Subscription required

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Processing

Flow Sheet: Subscription required

Summary:

- subscription is required.


Projected Production:

CommodityUnitsAvg. AnnualLOM
Iron Ore kt 7,844176,100
All production numbers are expressed as concentrate.

Operational Metrics:

Metrics
Stripping / waste ratio 1.25 *
Waste tonnes, LOM 552.6 Mt *
Ore tonnes mined, LOM 517.2 Mt *
Total tonnes mined, LOM 1,162 Mt *
Tonnes milled, LOM 517.2 Mt *
Plant annual capacity 25.1 Mt *
Annual processing rate 23 Mt *
* According to 2018 study.

Reserves at September 26, 2018:
The Mineral Reserves for the Rose deposit are inclusive of mining dilution and ore loss and are above a cut-off grade of 15% TFe.
The Mineral Resource Estimate for Rose Central and Rose North - Cut-Off of 15% TFe.

CategoryTonnage CommodityGrade
Proven 392.7 Mt Iron 29 %
Proven 392.7 Mt Manganese 1.2 %
Probable 124.5 Mt Iron 28.2 %
Probable 124.5 Mt Manganese 1.07 %
Proven & Probable 517.2 Mt Iron 28.8 %
Proven & Probable 517.2 Mt Manganese 1.17 %
Measured 536.9 Mt Iron Ore
Indicated 737.6 Mt Iron Ore
Measured & Indicated 1,275 Mt Iron Ore
Inferred 447.8 Mt Iron Ore

Commodity Production Costs:

CommodityUnitsAverage
Cash costs Iron Ore USD 30.7 / dmt *  
Assumed price Iron Ore USD 73.2 / dmt *  
* According to 2018 study / presentation.

Operating Costs:

Units2018
OP mining costs ($/t mined) USD 1.74 *
* According to 2018 study.

2018 Study Costs and Valuation Metrics :

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscription required
Sustaining CapEx $M USD  ......  Subscription required
Total CapEx $M USD  ......  Subscription required
Total OpEx $M USD  ......  Subscription required
Royalty payments $M USD  ......  Subscription required
Gross revenue (LOM) $M USD  ......  Subscription required
Pre-tax Cash Flow (LOM) $M USD  ......  Subscription required
Pre-tax NPV @ 0% $M USD  ......  Subscription required
Pre-tax NPV @ 5% $M USD  ......  Subscription required
Pre-tax NPV @ 10% $M USD  ......  Subscription required
Pre-tax NPV @ 8% $M USD  ......  Subscription required
After-tax NPV @ 0% $M USD  ......  Subscription required
After-tax NPV @ 5% $M USD  ......  Subscription required
After-tax NPV @ 10% $M USD  ......  Subscription required
After-tax NPV @ 8% $M USD  ......  Subscription required
Pre-tax IRR, %  ......  Subscription required
After-tax IRR, %  ......  Subscription required
Pre-tax payback period, years  ......  Subscription required
After-tax payback period, years  ......  Subscription required
Subscription required - Subscription is required.


Proposed Heavy Mobile Equipment as of September 26, 2018:
HME TypeModelSizeQuantityLeased or
Contractor
Backhoe ....................... Subscription required 9 t ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
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....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required Leased
Subscription required - Subscription is required.

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Oct 5, 2022
....................... Subscription required ....................... Subscription required Subscription required Oct 5, 2022
....................... Subscription required ....................... Subscription required Subscription required Sep 26, 2018
Subscription required - Subscription is required.

Staff:

EmployeesYear
Subscription required 2018

Corporate Filings & Presentations:

DocumentYear
Corporate Presentation 2022
Management Discussion & Analysis 2022
................................... Subscription required 2019
Feasibility Study Report 2018
Preliminary Economic Assessment 2017
Subscription required - Subscription is required.

Subscription required - Subscription is required.

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