Ore Delivery System Update

Sufficient mineral inventory to support future expansion options Vast mineral inventory All reserves, resources yield saleable product with similar high quality chemistry Mineral inventory is proximal to existing IOC infrastructure Estimated total reserves of 1.3 billion tonnes Estimated resources of 1.9 billion tonnes Approximately 25 years of production at planned processing rate, based on reserves only Legend IOC Mining Leases IOC Exploration Licences RTX Exploration Licences Third party Exploration Licenses Reserves & resources NEWFOUNDLAND QUEBEC BORDER (approx) Labrador City IOC Processing Facility 14 14

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