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Investor Presentaiton

For personal use only DEVELOPING THE SINTER FINES MARKET First Trial Cargo to ThyssenKrupp Steel Europe (TKSE) The first trial cargo of 80,000 tonnes of Sydvaranger Concentrate left Kirkenes for EECV Rotterdam on the 29th September. The trial shipment is a culmination of a number of months of discussions and testwork between Studiengesellschaft für Eisenerz-Aufbereitung (SGA), TKSE and NFE on the sintering performance of Sydvaranger Concentrate and its handling performance through the logistics chain. The sintering strategy is aimed at offering a high quality concentrate located close to key European markets providing customers with an - opportunity to 'sweeten' their sinter blends, while allowing NFE to access markets with lower freight costs than more distant alternatives. The Company is evaluating additional shipments to other European steelmakers in the coming months and is hopeful of securing a longer term offtake contract with one of these parties, which will complement the existing relationship with Tata Steel. SEAN COURTESY 12 NORTHERN IRON
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