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Canada
Kami Project

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 Location:
14,48 km NE from Labrador City, Newfoundland and Labrador, Canada

  Project Contacts:
102-1 Church Hill, Suite 201
St. John's
Newfoundland and Labrador, Canada
A1C 3Z7
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  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Fleet
  • Personnel
  • Filings & News

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Overview

StagePermitting
Mine TypeOpen Pit
Commodities
  • Iron Ore
Mining Method
  • Truck & Shovel / Loader
Processing
  • Gravity separation
  • Magnetic separation
Mine Life23 years (as of Jan 1, 2018)
Starting in 2019 Alderon will formally kick-off its project financing efforts to raise the capital required to build the project. While its high-grade iron ore concentrates make Kami a rare development opportunity in the iron ore industry, the project also has its major permits in place and port and power agreements concluded. There is only one de-risking step left, being the completion of the financing.
Latest NewsChampion Iron to Acquire the Kami Project     November 16, 2020


Owners

Source: p. 59
CompanyInterestOwnership
HBIS International Holding Canada Co. Ltd. 25 % Indirect
Alderon Iron Ore Corp. 75 % Indirect
Kami Mine Limited Partnership 100 % Direct
The Kami Mine Limited Partnership is owned 75% by Alderon Iron Ore Corp. and 25% by HBIS International Holding (Canada) Co., Ltd. a subsidiary of HBIS Group Co. Ltd.

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 with OIF.

The OIF on the property is mostly magnetite-rich and some sub-members contain increased amounts of hematite (specularite). Hematite appears to be more prominent in Rose North mineralization than at either Rose Central or Mills Lake, but all zones contain mixtures of magnetite and hematite. At both Rose North and Rose Central and at Mills Lake, a bright pink rhodonite, which is a manganese silicate, is associated with hematite-rich OIF facies. Deeply weathered iron formation in the Rose North deposit also contains concentrations of secondary manganese oxides. There may also be other manganese species present.


Mining Methods

  • Truck & Shovel / Loader


Summary:

The mining methods are based on conventional drilling and blasting, followed by loading and hauling. The selection of the major fleet is based on operating time assumptions, mechanical availability and utilization, haulage distance and cycle time assumptions, and truck speed and consumption profiles. The primary fleet consists of using hydraulic (electric) shovels, diesel haul trucks, electric rotary blast hole drill rigs and wheel loaders. Support equipment includes rubbertire dozers, track type dozers, motor graders, etc.


Crushing and Grinding


Processing

  • Gravity separation
  • Magnetic separation

Flow Sheet: Subscription required

Summary:

Material from the mine is delivered by haul truck to a dump pocket directly feeding one 1,525 mm x 2,260 mm (60” x 89”), 750 kW gyratory crusher. Crusher power was determined based on a design crusher work index of 12.8 kWh/t, F80 of 800 mm and P80 of 150 mm. During periods when the crusher is not available, stockpiling ahead of the crusher can be done within a designated area. Specific throughput is based on crusher utilization of 75%, and nominal and design capacities are 3,501 t/h and 4,026 t/h (dry) respectively. ROM material moisture is assumed to be 1.5% and density is 3.4 t/m3.

The overland conveyor discharges onto an outside stockpile of 38,000 t live capacity. This live capacity is sufficient to sustain about 12 hours of processing plant operation, allowing the crusher to be taken out of service for normal maintenance while maintaining feed to the mill. The total pile capacity is in the order of 290,000 t (about 4 days), sufficient to maintain an uninterrupted ........

Recoveries & Grades:

CommodityParameterAvg. LOM
Iron Ore Recovery Rate, %  ......  Subscription required
Iron Ore Head Grade, % 28.8
Iron Ore Concentrate Grade, %  ......  Subscription required
Subscription required - Subscription is required.

Projected Production:

CommodityUnitsAvg. AnnualLOM
Iron Ore Mt 7.8176
All production numbers are expressed as concentrate.

Operational Metrics:

Metrics
Stripping / waste ratio  ......  Subscription required
Waste tonnes, LOM  ......  Subscription required
Ore tonnes mined, LOM  ......  Subscription required
Total tonnes mined, LOM  ......  Subscription required
Tonnes milled, LOM  ......  Subscription required
Plant annual capacity  ......  Subscription required
Annual processing rate  ......  Subscription required
* According to 2018 study.
Subscription required - Subscription is required.

Reserves at September 26, 2018:

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
Indicated 737.6 Mt Iron
Measured & Indicated 1,275 Mt Iron

Commodity Production Costs:

CommodityUnitsAverage
Cash costs Iron Ore USD  ......  Subscription required *
Assumed price Iron Ore USD  ......  Subscription required *
* According to 2018 study / presentation.
Subscription required - Subscription is required.

Operating Costs:

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

2018 Study Costs and Valuation Metrics :

MetricsUnitsLOM Total
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 1 Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required 3 Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required 1 Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required 4 Leased
....................... Subscription required ....................... Subscription required 1 Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required 1 Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required 4 Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required 1 Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required 2 Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required 3 Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required 23 Leased
....................... Subscription required ....................... Subscription required ....................... Subscription required 2 Leased
Subscription required - Subscription is required.

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 7, 2019
Subscription required - Subscription is required.


Corporate Filings & Presentations:

DocumentYear
................................... Subscription required 2019
................................... Subscription required 2018
Preliminary Economic Assessment 2017
Subscription required - Subscription is required.

News:

NewsDate
Champion Iron to Acquire the Kami Project November 16, 2020
Alderon Provides Corporate Update April 28, 2020
Alderon Provides Loan Update April 1, 2020
Alderon Announces Investment Transaction with Tunghsu Group February 18, 2020

Aerial view:

Subscription required - Subscription is required.

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