09:57 AM EST - Champion Minerals Inc. : announced the filing on SEDAR of its updated National Instrument 43-101 technical report for the Preliminary Economic Assessment ("PEA") study on the Fire Lake North Project. Some highlights of the PEA study include the following: Based on a 25-year financial analysis of one production line at the concentrator, the Fire Lake North Base Case has a Net Present Value of $4 billion at a discounted cash flow rate of 8%. For the first five years of production, 10 million tonnes of concentrate will be produced annually from 23 million tonnes of Run of Mine at a head grade of 34.2% total iron and a strip ratio of 2.46:1, yielding a weight recovery of 43.2%. Champion Minerals Inc.
shares T.CHM are trading up $0.01 at $1.46.
