Consolidated Fire Lake North Project - GOLDINVEST.de

Building the Next Major Iron Ore
Mine in the Labrador Trough
Corporate Presentation
November 2012
www.championironmines.com
FSE: P02; OTCQX: CPMNF

FORWARD-LOOKING STATEMENTS
Certain information contained herein regarding Champion Iron Mines Ltd., including
management’s assessment of future plans and operations, may constitute forward-looking
statements under applicable securities law and necessarily involve risks, including but not
limited to risks associated with mining exploration, operating costs, production costs, volatility
of share prices, currency fluctuations, imprecision of resource and reserve estimates,
environmental risks and ability to access sufficient capital from internal and external sources.
As a consequence, actual results may differ materially from those anticipated in any forward
looking statements. Plans, intentions or expectations disclosed in any forward-looking
statements or information should not be read as guarantees of future results or events, and will
not necessarily be accurate indications of whether or when or by which such results or events
will be achieved.
Except as required by law, Champion Iron Mines Ltd., expressly disclaims any intention and
undertakes no obligation to update any forward looking statements or information as conditions
change.
The historical mineral resources mentioned are strictly historical in nature and are noncompliant
to National Instrument 43-101 mineral resources and mineral reserves standards,
and should therefore not be relied upon. A qualified person has not done sufficient work to
upgrade or classify the historical mineral resources as current National Instrument NI-43-101
compliant.
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About Champion Iron Mines
Advanced iron ore exploration and development projects located in
Canada’s principal iron ore district, the Labrador Trough
Fermont Projects (747 km 2 )
• 14 projects in the Fermont Iron Ore District
• Flagship Consolidated Fire Lake North Project
with the feasibility study due in early Q4 2012
• 4.7 billion tonnes of NI 43-101 compliant estimates of
iron mineral resources on 3 projects (564 MT of Measured
+ Indicated and 4,136 MT of Inferred Mineral Resources)
• 100% direct interest, 3% NSR (C$1.5 million buyback
for an additional 0.5% NSR)
Attikamagen Project (310 km 2 )
• Champion Iron Mines holds a 44% interest
• Century Iron Mines Corp. subsidiary has a 56% interest
and can earn up to a 60% interest by spending further $3
million on exploration expenditures by May 2014 1
• Sept. 25 th 2012: 1.7 billion tonnes @ 31.3% FeT and a
plan for a DSO project of 1 Mtpy 2
1. Investment by WISCO of 25% ($60M) and Minmetals of 5% ($12M)
2. As reported by Champion Iron’s JV Partner on Sept 25th, 2012
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Quebec’s Next
Major Iron Ore Mine
Consolidated Fire Lake North (CFLN) Development Project
• Nov. 21 2011 PEA indicated an ability to produce 8.7 million tonnes of
concentrate per year for the first 25 years of a 40-year mine life the first
5 years will average approximately 10 million tonnes of concentrate annually
• Net Present Value of $4 billion at a discounted cash flow rate of 8% with
an Internal Rate of Return of 41.5% and a payback period of 2.3 years
Established Iron Ore District
• Canada produces 44 Mtpy of iron ore concentrate in the southern end of the
Labrador Trough and this is expected to grow to 200 Mtpy over the next 10
years if all proposed development projects are realized
• Established rail, power and port infrastructure
- Quebec’s Plan Nord: $80 billion investment over the next 25 years in
northern Quebec for various projects including infrastructure projects
- Competitive power rates
- Port of Sept-Îles: world-class multi-user port project (50 Mtpy) underway
Proven Team
• Strengthened advisory board and board of directors includes former
Consolidated Thompson Iron Mines management and officers in addition
with other mining companies.
4

Capital Structure
Share Data and Cash Position as of September 28, 2012.
Shares Outstanding
Warrants
Options
Fully Diluted Shares Outstanding
Market Capitalization
(based on $0.71 share price)
Cash Position
119.3 million
10.0 million @ C$2.59 (avg. strike price)
7.0 million @ C$3.00 not exerciseable until Nov. 2014
0.8 million @ C$2.84 expiring Feb. 2013
2.22 million @ C$1.50 expiring Oct. 2013, (insiders and advisors)
11.6 million @ C$1.03 (avg. exercise price)
141.1 million
Management /Insiders Ownership ~ 17%
C$84.7 million
C$13.9 million
Analyst Coverage
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Experienced Management Team
Over 200 years of combined exploration and mine operations experience
Tom Larsen,
Chairman
Board of Directors
Alexander Horvath, P.Eng.
Director
Jean Depatie, P.Geo.
Director
Ashwath Mehra,
Director
Donald A. Sheldon, LLB., P.Eng.
Director
Jean Lafleur P.Geo.
Director
Francis Sauvé
Director
Joseph S. C. Chan
Director
Tom Larsen
President and CEO
Management Team
Alexander Horvath, P.Eng.
Executive Vice President, Exploration
Martin Bourgoin, P.Geo.
Executive Vice President, Operations
Jeff Hussey, P.Geo.
Executive Vice President, Business Development
Bruce Mitton, P.Geo.
Vice President, Exploration
Jean-Luc Chouinard, P Eng.
Vice President, Project Development
Miles Nagamatsu, CA
Chief Financial Officer
Jorge Estepa
Vice President, Secretary-Treasurer
Claude Léveillée
Director of Human Resources
Beat Frei
Director of Project Finance, Europe
Richard Quesnel: Senior Technical Advisor and Head of the Advisory Board
Advisory Board: Richard Quesnel, Paul Ankcorn, Doug Bache, and William Harding
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Why invest in Champion Iron Mines
Favourable Operating
Environment
• Established iron ore mining district:
The Labrador Trough
• Favourable tax environment
(40% tax rebate on exploration
expenditures)
• Access to low-cost power and
close to rail and port infrastructure
• Quebec’s Plan Nord $80 billion
over 25 years
• Quebec is a world class area to
develop mines
• Unprecedented Iron Ore price
range and forecast
• Skilled labor work force
• Environmental: Iron ore process is
grinding to liberate iron and using
gravity and magnetics for
separation from gangue minerals
Champion Iron Mines’
Competitive Advantage
• Fermont holdings: 14 iron ore
Brownfield projects (747 km 2 )
• Consolidated Fire Lake North
Project: Feasibility Study of surface
deposits of coarse grained specular
Hematite:
• Easier to liberate
• Deleterious elements in
concentrate are well below
industry specifications limits
• Experienced team of project
developers and mine builders
• Upside potential for growth is high
with 4.7 Billion tonnes
• Several de-risking initiatives
underway including rail, port,
agreements and environmental
studies and permit applications
7

Existing Rail Infrastructure
Quebec North Shore & Labrador
Railway (“QNS&L”)
• Consolidated Fire Lake North PEA Base
Case connection to Bloom Lake railway
requires 94 km of rail – includes
turnaround loop and sidings
• QNS&L links to Sept-Îles and Pointe Noire
• Bloom Lake and QNS&L railways are
considered common carriers
• Common carriers allocate capacity on a
first-come, first-serve basis
Cartier Railway:
• Linked to Port-Cartier
• Privately owned by ArcelorMittal
• Within Consolidated Fire Lake North
Project boundary
8

World Class
Port of Sept-Îles Infrastructure
Expanding to Meet Demand
Pointe Noire Multi User Wharf
• Announced long term agreement between
CHM & Port of Sept-Îles (20-40 years) on
July 18 th , 2012
• 10 Mt ship loading capacity reserved with
the possibility to increase tonnage
• Completion March 31 st , 2014; 18 months
prior to “CFLN" startup
• Phase 1: 50 Mtpy $220 million
• Federal Government announced $55
million funding or 25% of project
• Phase 2: Planning for 100 Mtpy
Sept-Iles
Pointe Noire
Port of Sept-Îles
• RTZ-IOC shipping facility
Port-Cartier
• ArcelorMittal shipping facility
• $2.1B expansion is underway and will
include concentrator expansion with port
and rail infrastructure upgrades
• Located 62 km west of Sept-Îles
Courtesy of the Port de Sept Îles
China Max ship capacity 300kt
9

Champion Iron Mines participating in a
feasibility study with CN Rail and Caisse
de Dépot et Placement du Québec
• See August 29 th 2012 press release
• Reduction in OPEX compared to PEA
study
• Objective to reduce rail CAPEX
component
• CHM still focused on the feasibility study
• CN focused on environmental permitting
• CHM will continue to develop
independent options for port handling for
concentrate stockpiling and reclaiming

Development: Consolidated Fire Lake North Project
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Consolidated Fire Lake North
Development Project
November 2011 Preliminary Economic Assessment Update – Highlights
Key Results
Pre-Tax Basis
Internal Rate of Return (IRR) (8% Discount Rate) 41.5%
Undiscounted Cash Flow
Net Present Value @ 5% Discounted Cash Flow
Net Present Value @ 8% Discounted Cash Flow
Based upon the following assumptions:
Net Present Value @ 10% Discounted Cash Flow
Payback Period (8% Discount Rate)
$10.9B
$5.6B
$4.0B
$3.2B
2.3 Years
• Capital Costs:
• Operating Costs:
• Price assumptions:
• Mine-Life:
• Exchange rate:
• Total Resources (1) :
• In Pit Resources
US$1,368 million (includes rail and port infrastructure)
US$52.68 per tonne (average 25 years);
US$44.63 per tonne (average years 1 to 5)
US$115 per tonne of concentrate at 65% Fe
40 years (average of 8.7 million tonnes/year for the first 25 years)
$1.00 USD to $1.00 CDN
400 million tonnes grading 30.6% Fe (NI43-101 Measured and Indicated Resources)
661 million tonnes grading 27.7% Fe (NI43-101 Inferred Resources)
921.8 million tonnes grading 28.8% Fe at an 8% cut-off grade
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Consolidated Fire Lake North Project
Preliminary Economic Assessment Study
OPERATING EXPENDITURES (US$/TONNE OF CONCENTRATE)
COST PARAMETERS AVERAGE 25 YEARS AVERAGE YEARS 1 TO 5
Mining 22.56 12.13
Concentrating, crushing and processing 4.52 3.97
Site infrastructure, sales and general administration 4.40 3.39
Environmental tailings and management 0.29 0.26
Rail transport 15.52 16.14
Port facilities 3.72 3.57
Equipment Lease Cost 1.67 5.17
Total 52.68 44.63
CAPITAL EXPENDITURES (US$ MILLIONS)
COST CENTRES
$ MILLIONS
Pre-stripping of open pit areas 97.5
Concentrator and site infrastructure including loadout facilities 682.3
Railway (62km distance and 94km total including turnaround loop and sidings) 228.8
Port Facilities: Railcar unloading, stacker/reclaimer, conveyors 96.8
Environmental and Tailings Management 27.9
Other Pre Production Costs 34.0
Sub-total 1,167
Contingency 201
Total 1,368
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Consolidated Fire Lake North
Project Schedule
Development, Construction, and Production
15

Consolidated
Fire Lake North Project
Growth through Development
• Feasibility Study: January 2013
• Press Release June 21, 2012: Over
20,000 m feasibility definition drilling is
completed for feasibility study
• Strike length of both the West Pit
(3500m) and the East Pit (2400m)
synformal fold closures are open at
depth
• Resources are increasing outside the
Nov. 2011 PEA ultimate pit limits
• Several de-risking initiatives are
underway
See www.championironmines.com for reports maps and assays
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Consolidated Fire Lake North
Metallurgy
Press Release, August 1 st , 2012
• High quality sinter concentrate with very low deleterious elemental content
• Liberates at 850 micron (-20 mesh) and produces a 65-66% iron concentrate
• Assuming a concentrate with 66% Fe ; No magnetic separation circuit required
• Alumina is 0.52% International Standard < 2%
• Silica content is 5%
• Al 2 O 3 : SiO 2 ratio of 0.14 versus the upper industry specification limit of 1
• This very low alumina to silica ratio is an ideal blending product for steel mills
High Grade – Coarse Specular Hematite
Quartz Specular Hematite Mineralization
17

Fire Lake North Development Project
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Fire Lake North Development Project
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Moiré Lake Project
Initial Mineral Resource Estimate: March 29, 2012
• Mineral Resource Estimate:
Arcelor Mittal Property Boundary
A’
• Indicated Resources: 164 million
tonnes grading 30.5% Total Iron
• Inferred Resources: 417 million
tonnes grading 29.4% Total Iron
• DDH LM11-12: 503 m @ 31% total iron
• Kilometric synform with hematite and
magnetite outcrops at surface
• Adjacent to ArcelorMittal Mont-Wright mine
A
500
meters
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Moiré Lake Project
Infrastructure: Adjacent to Bloom Lake Railway (8km), road, &
power
442 Mt @ 30.1% FeT;
Zone B: 285 Mt @ 30.1% FeT
500
meters
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Oil Can Project
Initial Mineral Resource Estimate
• Potential for low strip ratio < 1 : 1
• Potential Bench width 150- 350m
• 972 Mt of iron oxide grading 33.2% at a
15% iron cut-off
• 924 Mt of mixed iron oxide
mineralization with a silicate component
• This deposit is open at depth
• Orientation metallurgical tests indicate a
relatively coarse liberation grind size
• Commercial grade magnetite sinter feed
concentrate can be produced
• The 2011 drill program returned long
magnetite-hematite iron formation
intersections up to 545 metres in length
• The 400 metre spaced drill program is
completed
To view a larger more detailed version of this map please visit:
http://www.championironmines.com/vns-site/page-oil_can.html
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Oil Can Project
Exploration Upside
South & East Zones
Section 9800N (Facing North)
South Zone
OC11-05
303.4m @ 34.7%
incl. 130.8m @
36.5%
OC11-07
Ovb
OC11-08
OC11-02
East Zone
OC11-19
Assay Pending
OC11-01
IF
545.7m @ 33.7%
incl. 442.3 @
36.4%
IF
190.0m @
30.6%
197.2m @ 26.8%
incl. 145.5 @
28.1%
401.5m @ 30.7%
incl. 213.5 @
33.1%
200 metres
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Oil Can Project
Exploration Upside
Central Zone
(Facing Northwest)
191.7m @
28.2%
OC11-14 OC11-16
OC11-03
OC11-10
Ovb
311.4m @ 27.6%
incl. 269.0m @
29.2%
224.0m @ 28.1%
incl. 140.0m @
30.0%
IF
472.2m @ 28.0%
incl. 119.6m @
35.2%
200 metres
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Oil Can Project
Exploration Upside
North Zone
Section 5800E (Facing East)
221.2m @ 25.0%
incl. 128.9m @
28.7%
OC11-12 OC11-13 OC11-15
OC11-09
Assays Pending
IF
414.1m @ 25.1%
incl. 139.0m @
29.5%
141.5m @ 29.2%
Ovb
OC11-04
179.5m @ 32.8%
472.2m @ 28.0%
incl. 119.6m @
35.2%
200 metres
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Milestones
Consolidated Fire Lake North Definition Drilling
Updated PEA on Consolidated Fire Lake North
Initial NI 43-101 Mineral Resource Estimate for Oil Can Project
(adjacent to Fire Lake North Project)
Metallurgical results – Consolidated Fire Lake North, Moire Lake, Oil Can
Projects
Completed
Completed
Completed
Completed
Consolidated Fire Lake North Feasibility Study Q1 2013
Consolidated Fire Lake North Construction Start Q4 2013
Consolidated Fire Lake North Production Q1 2016
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Why Invest in
Champion Iron Mines
Fire Lake North NPV: $4 Billion @ 8% DCF.
Oil Can Deposit: Initial Resource Estimate 1,896Mt @
28.7%.
14 Brownfield projects (747 km 2 ) near 5 operating mines.
Experienced team: Exploration; development;
construction; commissioning & operations management.
Financed through to feasibility; Favourable tax
environment.
Quebec`s Plan Nord: Object to attract $80B in investment.
Access to power and close to rail and port.
Multi-user port in construction; Trans-shipping is an option.
Iron price range and forecasts is unprecedented.
Several de-risking initiatives associated to mine start-up
underway.
27

Thank You
www.championironmines.com
FSE: P02; OTCQX: CPMNF
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28

Fire Lake North Exploration Camp
Coarse Specular Hematite in Drill Core
Coarse Grained
Specular Hematite
29

O’Keefe Purdy Project
Exploration Upside
30

Advanced Exploration
Bellechasse Deposit
• Deposit located within Consolidated Fire Lake
North
• NI 43-101 Resource Estimate: Inferred Resources
estimate; 215Mt @ 29% Iron; potential for more
• Magnetite rich iron formation
• Adjacent to Hwy 389
• Synform geometry is favorable for open pit mining
Harvey Tuttle Project
• NI 43-101 Inferred Resource Estimate:
717Mt @ 25% iron; magnetite rich iron formation
• Intersected multiple significant iron formation
intervals in 2010 drill program
• Total of 13,165m of drilling completed
• Less than 50% of the kilometric scale magnetic
anomalies have been tested
• 25 km W-NW of Consolidated Fire Lake North
• Within conveying distance from Consolidated
Fire Lake North planned concentrator (20-30km)
31

Labrador Trough Annual Production
Iron Ore Production Upside
Company
Current Annual
Production
Future
Annual Forecast
IOC/RTZ 17 mtpy 26 mtpy 1
ArcelorMittal 13 mtpy 24 mtpy 2
Cliffs Natural Resources (Wuhan) 12 mtpy 28 mtpy
Labrador Iron Mines 2 mtpy 5 mtpy
Adriana Resources (Wuhan) 0 50 mtpy
New Millennium (Tata) 0 27 mtpy
Century Iron Mines (Wuhan) 0 ~22 mtpy
Champion Iron Mines 0 ~18 mtpy
Alderon Iron Ore Corp. 0 ~16 mtpy
Total Current and Forecasted Production 44 ~ 200 mtpy
1. Possibility of expanding production up to 50 mtpy
2. Possibility of expanding production to 50 mtpy
32

Kilotons
Global Steel Production Shows
Continued Demand for Iron Ore
1,600,000
1,400,000
1,200,000
China’s CAGR* is 9.88% over
the last 30 years vs. 2.30% for
total global steel production
over the same period.
1,000,000
China
800,000
Japan
600,000
Rest of the
World
400,000
200,000
-
1980 1985 1990 1995 2000 2005 2010
Source: World Steel Association website
* CAGR: Compound annual growth rate
33

Iron Ore Types
Direct Shipping Ore
Coarse Grained Specular Hematite
Magnetite Rich Taconite & DSO
Coarse Grained Specular Hematite
34

Fermont Iron Ore District
(“FIOD”)
Historically the Fermont and Labrador mining
camps have produced 33 Mtpa.
RTZ/IOC = 17 Mtpa
ArcelorMittal = 13 Mtpa
Wabush = 3 Mtpa
“ Marginal Era”:
For 30-40 years pre-2003
the price per tonne of concentrate
was $25- $30/tonne,
costs per tonne were similar.
Current 3 years moving average is
$115-120/tonne
2011 spot price averaged ~$150-170/tonne
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