Bloom Lake FS demonstrates financially viable, competitive project

A feasibility study (FS) completed on ASX- and TSX-listed Champion Iron Ore’s Bloom Lake mine, in north-eastern Quebec, has demonstrated a financially viable and competitive project in current global markets. “This is a major result for the company. Based on conservative assumptions, the FS demonstrates that the Bloom Lake iron-ore mine is clearly viable. In fact, very few iron-ore projects offer the potential of [more than] 20 years of production at industry-low operating costs, while being strategically located in close proximity to all necessary infrastructure and situated in what we consider to be a superior mining jurisdiction,” chairperson and CEO Michael O’Keeffe said on Thursday.