The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Alexander Pearce - BMO - Analyst
: So, great to see the shipment volumes pick up meaningfully this quarter. As you mentioned, costs were higher sequentially though, and you flagged
in your comments that you expect to get through the harder or by the second half of this year, which, presumably should help with costs. But does
this also mean that the strip ratio should come down to in the second half of the year, or do you need to continue? Higher strip as you look to get
access to that softer or and then what is the impact to cash cost associated with that strip.
And then second question. Just can you remind us what level of stockpile you're looking to get to at site, eventually. Thanks.
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
JULY 30, 2025 / 1:00PM, CIA.AX - Q1 2026 Champion Iron Ltd Earnings Call
Question: Alexander Pearce - BMO - Analyst
: So just to confirm then, you don't really need to say, see any particular change in strip to get access to the softer or to get through this harder or
portion.
Question: Orest Wowkodaw - ScotiaBank - Analyst
: Just as a follow up, sorry, I'm not quite clear this the plan to reduce the contribution from the harder or area is that already happening or is that is
that more likely are you basically still mining to plan the mine through that the rest of this year so we don't really see expect the improvement next
year I'm just -- I'm not clear on when that switch is supposed to happen.
Question: Orest Wowkodaw - ScotiaBank - Analyst
: Okay, so still a couple quarters and then on the cost front, you talked about the cash cost being impacted by, I believe the stockpiles in terms of a
higher percentage of the contribution. Can you quantify that for us like of the [8,190] a ton cost like how much of that is attributed to. I guess,
rehandling costs and I believe I believe it's disclosed higher inventory costs for that material.
Question: Orest Wowkodaw - ScotiaBank - Analyst
: Okay, so is it fair to assume then costs are likely going to remain elevated for the next couple quarters from combination of these two factors?
Question: Fedor Shabalin - B Riley Securities - Analyst
: David, you reduced volumes of iron ore concentrate salt. It's under long term sales contracts to retain a greater proportion of your or concentrate
for the short term and spot markets. So is it fair to assume this trend will continue in the future if iron ore pricing remains where it is now?
Question: Fedor Shabalin - B Riley Securities - Analyst
: Thank you. And my second one is on DRPF. Can you talk about where you are in negotiations regarding your future products from the project and
who are the parties involved in these talks to the extent you can share, of course. And any changes to the expected premium of P65 index estimate,
if I remember correctly, it was roughly $20 per ton.
Question: Stefan Ioannou - Cormark Securities - Analyst
: Yeah, thanks guys. I know in in previous calls we talked about just the capacity of the rail. I just put another quarter behind you and I know it varies
quarter to quarter given weather and scheduled maintenance, but that 3,800 tons that you got down the rail this past quarter, is that a reasonable
proxy you think going forward for what you're comfortable with getting down that rail, or do you think it could get higher than that?
Question: Stefan Ioannou - Cormark Securities - Analyst
: Okay, so if we, I mean if I don't want to put numbers in your mouth, but if we were to say like maybe 16 million dry tons on an annual basis, is that
something that's kind of in the reasonable ballpark or?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
JULY 30, 2025 / 1:00PM, CIA.AX - Q1 2026 Champion Iron Ltd Earnings Call
| 
