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Investor Presentaiton

APPALACHIAN IRON HIsmelt technology Key benefits Green, flexible, high purity and low cost Significantly lower ⚫Due to the elimination of coke ovens, sinter and/or pellet plants. The capital costs Premium quality final product (pig iron) construction of a HIsmelt plant is relatively simple as the HIsmelt technology uses many of the traditional ironmaking core plant ancillary facilities, such as hot blast stoves, injection systems and power plants. The capital costs of constructing a HIsmelt plant could be up to 60% less than constructing a similar sized BF or DRI plant (including coke ovens, pellet plants etc.). • When compared to the traditional BF process, including significantly lower silicon, manganese and phosphorous content. The lower levels of impurities provide yield and fluxing benefits in the downstream steelmaking process for BOF and EAF producers. HIsmelt pig iron will demand higher value-in-use premium than DRI and BF pig iron. ASX PRESENTATION MAGNUM MINING & EXPLORATION PAGE 8
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