Investor Presentaiton

For personal use only PRODUCT SPECIFICATION 2013 (%) Chemical Composition (Dry Basis) Iron [Fe] 68.5 Expected 2014(%) 69.0 Silica [SiO2] 4.5 4.0 Alumina [Al2O3] 0.2 0.2 Phosphorus [P] 0.01 0.01 Sulphur [S] 0.02 0.02 Manganese [Mn] 0.05 0.05 Sodium Oxide [Na₂O] 0.04 0.04 Potassium Oxide [K₂O] 0.03 0.03 Titanium Dioxide [TiO2] 0.06 0.06 Calcium Oxide [CaO] 0.35 0.35 Magnesia [MgO] 0.45 0.45 LOI Zinc [Zn] Lead [Pb] Arsenic [As] -3.3 -3.3 0.004 0.004 0.005 0.005 0.002 0.002 Chrome [Cr] 0.03 0.03 Vanadium [V] 0.005 0.005 Copper [Cu] 0.001 0.001 Nickel [Ni] 0.04 0.04 Moisture, natural basis [H₂O] 7.8% 7.8% Physical +0.150 mm <0.2% <0.2% Properties |-0.150 mm + 0.053mm <20% <20% -0.053 mm >80% >80% 10 NORTHERN IRON

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