Ore Delivery System Update

High quality 65%+ Fe products IOC Top tier quality products . High iron content (65.7%) Very low phosphorus (0.007%) & low alumina (0.2%) Customer locations Europe, Asia-Pacific Premium pellet products Standard Acid Pellets, Low Silica Acid Pellets, Low Silica Fluxed, Direct Reduction Pellets High iron content (65.0% - 67.7%) Very low phosphorus (0.007%), low sulfur, alumina (0.32%) & alkalis Customer locations • BF pellets: Europe, Japan, Asia DR pellets: MENA, North America IOC targets niche, high value segments of the seaborne iron ore market, including high-grade, low-impurity fines, premium blast furnace pellets, and premium direct reduction pellets. 10 10

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