Champion Iron Project Overview and Cost Structure slide image

Champion Iron Project Overview and Cost Structure

LOW IMPACT LOCALLY & SCALEABLE POSITIVE IMPACT GLOBALLY CHAMPION IRON → Canadian high-purity iron ore is produced with one of the lowest carbon intensities globally TSX: CIA | ASX: CIA | OTCQX: CIAFF → A complete transition of Bloom Lake's 15 Mtpa nameplate capacity to DRPF quality iron ore could reduce nearly 9.7Mt of CO2 eq/year in the steelmaking process, representing over 100 times the emissions generated by our Company Kg of CO2 emitted per tonne of iron ore produced (scope 32) 120 110 100 90 80 品 70 60 50 40 Emission intensity per tonne of iron ore produced 30 Brazil 20 Canada 10 ☐ China Sweden Russia Ukraine 0 50 100 250 150 200 300 350 400 Marketable Iron Ore Concentrate & Pellet Production (Million tonnes) 450 500 550 600 650 Sources: Champion Iron Limited, Wood Mackenzie 2020 data → Benefiting from hydropower generation capacity, Champion has an industry leading position in emission intensity per tonne of high-purity iron ore produced of 9.8 Kg of CO2/t → 29.3% Reduction in emissions intensity per tonne of iron ore concentrate produced compared to the 2014 reference year under previous ownership¹ Notes: 1 Scope 1 emission reduction based on calendar year 2022 results 12 Scope 3 stops at Third Party Port and Transport Fees Downstream but excludes BOF supply/Iron ore supply; 14
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