Champion Iron Project Overview and Cost Structure

PROVIDING A GLOBAL SCALE SOLUTION CHAMPION IRON TSX: CIA | ASX: CIA | OTCQX: CIAFF CHAMPION CONTROLS ONE OF THE LARGEST RESERVES AND RESOURCES CAPABLE OF PRODUCING HIGH- GRADE IRON ORE, INCLUDING POTENTIAL ACCESS TO RENEWABLE POWER AND AVAILABLE INFRASTRUCTURE Canada Active Project Pipeline Project Both Active/ Pipeline Kazahsta 5 Est. Marketable Reserves Turkmer (Bn MT) Est. Reserves + Resources Scale (Bn MT) Om Scale Ba United Kingdo 10 Belaru Ukraine France United States # Project / Portfolio Renewable Distance to Energy Port (Km) Spare Port Capacity (Mtpa)6 ΝΑΙ North Atlantic Ocean Spain Italy Greece Tunisia Morocco Iraq Iran 975 Metallolnvest 1 800+ (Russia) Rest of Mexico 2 429 Canada4 3 S11D Champion 4 463 Iron 7 5 Simandou2,5 690 NA 6 Iron Bridge 148 7 Central Eyre³ 135 Tan 8 Minas Rio 525 Angola 9 Samarco 60 Bolivia 10 LKAB (Sweden) 500 11 CSN (Brazil) 440 South Atlantic Namibia South Africa 12 Sino Iron 29 Libya Egypt Mauritania Niger Chad 5 Cameroon Ethiopia Infrastructure availability Papua New Guinea ---Australia Sources: Wood Mackenzie, Corporate Reports, PFS Studies, Public Information (can include estimates). Notes: Billion Metric tonne reserves; Resources are estimated on a Measured, Indicated, and Inferred Basis. Global snapshot is not exhaustive |1 Port capacity estimate could not be reasonably identified 12 Port not yet constructed |³ Port not yet constructed | 4 Rest of Canada data is not exhaustive (Mont Wright, Carol Lake, Fire Lake, Baffinland) 15 Simandou includes Blocks 1-416 Spare port capacity estimated; Green-40+, Yellow-20-39, Red-0-1917 Champion Iron reported distance from Bloom Lake to Pointe Noire. 13

View entire presentation