HRA called a bottom in the junior resource sector last June, though we warned the market wouldn’t gain much at first. I think the next 12-24 months will be similar to the early 2000’s. Some companies will do quite well but most will struggle. It’s critical to be selective. This brochure introduces you to four HRA companies attending VRIC 2014 that have the potential to outperform. Some already have. It’s a diverse list but there are common themes and all the companies in this handout share some of them – namely:

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Projects with superior potential to generate good exploration results or that already have.

Advanced projects with existing resources or where HRA expects near-term work to generate new or expanded 43-101 compliant resources.

Strong management groups that have proven they can deliver resource growth and take companies to production or eventual buyout.

Cash resources that allow for good news flow even in this challenging financing environment.

In short – these are companies that can deliver.



C

Champion Iron Mines Limited (TSX: CHM ǀ FSE: P02) is a Canadian iron ore exploration and development company with projects located in Canada’s premier iron ore mining district at the southern end of the Labrador Trough.

The Fermont Holdings portfolio currently includes National Instrument (NI) 43-101 compliant Mineral Resource Estimates totaling a global resource of 5.1 billion tonnes. This includes 910 Mt of Measured and Indicated Resources; and 4,185 Mt of Inferred Resources.

On February 7, 2013 the company issued the results of a Preliminary Feasibility Study on the Consolidated Fire Lake North ("CFLN") Project, located in the center of the Fermont Iron Ore District. The study estimates CFLN Net Present Value (NPV) to be $3.3 billion at a discounted cash flow rate of 8%, with an Internal Rate of Return of 30.9% and a capital payback period of 3.4 years. Concentrator production would average 9.3 million tonnes of concentrate per year (Mtpa) grading 66% iron for the 20 year mine life; however, the first five years of production will average 9.8 Mtpa of concentrate as the starter pit is located in softer and higher grade iron ore within the West Pit. The high grade concentrate is produced from high quality, coarse, specular hematite iron oxide ore, which liberates at a grind size of 850 microns and is considered clean of deleterious elements.

The company is currently focused on its CFLN Feasibility Study with the objective of further reducing rail transportation costs, sustaining capital, and the overall mine life strip ratio. The study will also evaluate expanding production with a second concentrator production line that would be built shortly after the first production line is commissioned. The company continues to further de-risk the project and optimize the economics by working with stakeholders in the Labrador Trough.

Visit Champion Iron Mines at

Booth # 1112

Corporate Presentation:

at 11:40am-11:50am in Workshop 2

Contact: www.championironmines.com / E: info@championironmines.com / TF: 1-877-448-2201

HRA Advisories – Featuring Champion Iron Mines:

“Champion announced a “take-over” (almost a reverse take-over really) by ASX listed Mamba Minerals Ltd… the resulting company would be renamed “Champion Iron Ore Ltd” and would be listed on both the ASX and Toronto exchanges…At the most basic level, Champion is agreeing to the merger because they view it as buying management and financing ability. Mamba needs to raise a minimum of $A10 million at a minimum price of $0.50 in order to close the deal. If it can accomplish that I think it shows it’s the right group for the job and the merged company would have $25 million to work with. The timelines are still not short on this one… but this is a very positive step.” – HRA Journal, Issue 207, December 17, 2013

https://www.hraadvisory.com/sites/default/files/hra_handout_-_vric_2014_-_final_0.pdf