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Investor Presentaiton

HIsmelt technology Core principles The HIsmelt process represents a practical alternative to the blast furnace to produce pig iron • · • HIsmelt is a direct smelting reduction iron-making process that directly smelts preheated ferrous materials (e.g. iron ore fines, C-fines, slags, etc) and reductants (e.g. non-coking coal, biochar, etc) as the system's source of reducing agents and heat The ferrous fines, reductants and fluxes are injected into the molten iron bath Fountain of molten metal erupts into the top space by rapid expulsion of CO, H2, N2 from molten bath Reaction gases CO and H2 are combusted with oxygen from hot blast, generating heat Heat from the gas combustion top space and heated metal and slag which fall back into the bath, provide energy for sustaining reduction reactions and direct smelting of iron ore Slag coats and protects water cooled panels, minimizing energy loss ASX PRESENTATION MAGNUM MINING & EXPLORATION APPALACHIAN IRON SMELT REDUCTION VESSEL (SRV) AT THE HEART OF TECHNOLOGY PAGE 4
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