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Champion Iron Limited (ASX:CIA)

ALERT: Price-sensitive ASX Announcement for CIA
Current share price for CIA : $3.230 -0.74 (-18.64%)+
Announcement
Release
30 Jul 2026 8:29AM
Price at Release
$3.970
Full Release
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Summary
Champion Iron Limited's Quarterly Activities Report for Q1 FY27 highlights significant developments including the completion of the DRPF project within its budget, initiation of DR quality iron ore production with commercial shipment expected in Q2 FY27, and the acquisition of Rana Gruber in Norway. Despite economic uncertainties, the company reported quarterly production of 3.9M wmt of iron ore, sales of 3.3M dmt, and revenues of $357M with an EBITDA of $33M. The company faced challenges with lower sales volumes due to maintenance shutdowns and the timing of sales related to the DRPF project's commissioning. Available liquidity decreased to $653.1 million, reflecting a decline from the previous quarter. Efforts are ongoing to optimize operations, manage costs, and explore further growth opportunities.
Key Points
  • Quarterly production of 3.9M wmt and sales of 3.3M dmt.
  • Revenues amounted to $357M with EBITDA at $33M.
  • Initiation of DR quality iron ore production from the DRPF project.
  • Completion of acquisition of Rana Gruber, a high-purity iron ore producer.
  • Available liquidity at $653.1 million, a decrease from prior quarter.
  • Focus on optimizing operations and managing costs amid economic uncertainties.
  • Challenges with lower sales volumes due to maintenance and commissioning schedules.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.