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Champion Iron Ltd ASX:CIA

0 opened or increased3 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 4 managers in total.

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20252026

30 Sep 2024 to today

Commentary Showing 2 of 9

DateManagerActionSummary

4 Aug 2026Pendal GroupHeldPendal Group notes Champion Iron shares fell 12.6% because its Q2 result showed lower sales, higher costs and elevated sustaining capital driving a net loss of C$41.5 million, with sales 14% below consensus due mostly to port and rail maintenance and commissioning of the DRPF project. Pendal notes that while DRPF will improve the product mix once ramped up, diesel and explosive cost inflation alongside high freight costs are pressuring near-term cash flow, with the balance sheet showing cash falling to $199 million from $297 million.

Iron OreNewsletter, price recorded $3.41

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30 Apr 2026Milford Asset ManagementHeldMilford Asset Management continues to hold Champion Iron Ltd despite an 11.6% share price decline during the month, noting the company produces high-grade iron ore with relatively low diesel intensity supported by Quebec's hydroelectric grid and that management holds approximately 10% ownership. Milford Asset Management expects free cash flow generation to inflect meaningfully into 2026.

Free Cash Flow Iron OreMonthly Report, price recorded $4.67

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Price at first mentionThe share price recorded when each of 4 managers first commented on CIA.

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Articles

About Champion Iron Ltd

Materials, Metals and Mining

Champion Iron (ASX:CIA) is a Canadian producer of high-grade iron ore that fund managers value for its premium product. In August 2026, Pendal Group reported a weaker second-quarter result with lower sales, higher costs and sustaining capital driving a net loss, as port and rail maintenance reduced shipments. Milford Asset Management highlighted Champion's high-grade iron ore with relatively low diesel intensity thanks to Quebec's hydroelectric power, while Endeavor noted widening premiums for high-grade ore improving price realisations. Champion Iron operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 9 comments from 4 fund managers, including Pendal Group, Milford and Endeavor. Champion Iron produces high-purity iron ore concentrate from its Bloom Lake mining complex in Quebec, Canada, and is advancing projects to upgrade output to direct-reduction pellet feed quality used in lower-emission steelmaking, positioning it for demand from green steel producers.

Market cap: $1.4b
Price to earnings: 19.0x
Return on equity: 6.8%
Dividend yield: 0.0%
Price to book: 1.27x
Net margin: 6.0%
52-week range: $2.41 to $6.69

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Champion Iron Ltd (ASX:CIA)?

Fund managers including Endeavor Asset Management, Tyndall Asset Management, Milford Asset Management and Pendal Group have invested in Champion Iron Ltd (ASX:CIA).

What opportunities or catalysts do fund managers highlight for Champion Iron Ltd?

Milford and Endeavor highlight Champion's high-grade, low-emission iron ore, widening premiums for high-grade product and stronger cash flow, positioning it to benefit from demand for lower-carbon steelmaking inputs.

What are the key risks to the Champion Iron Ltd investment thesis, according to fund managers?

Pendal notes a weaker quarter, with sales 14% below consensus due to port and rail maintenance, higher costs and sustaining capital resulting in a net loss. Milford also observed share price weakness, and earnings remain exposed to iron ore prices.

What does Champion Iron Ltd (ASX:CIA) do?

Champion Iron Ltd. focuses on the production, exploration, and development of iron ore assets. Operating through Iron Ore Concentrate, Exploration and Evaluation, and Corporate segments, the company manages a portfolio including the Bloom Lake and Consolidated Fire Lake North projects. Founded on May 18, 2006, Champion Iron is headquartered in Rozelle, Australia. The company specializes in identifying and extracting high-grade iron ore, supporting global mining operations through its strategic project development and exploration activities.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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