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Investor Presentaiton

For personal use only • · • NORTHERN IRON OVERVIEW N 200km BARENTS SEA Sydvaranger Iron Project NORWEGIAN SEA Moi Rana (Fe) Rodsand (Fe) NORWAY OSLO Fosdalen: (Fe) SWEDEN Titania (Ti+Fe) STOCKHOLM Braastad (Fe) Kirkenesfjorden Langfjorden Uhcevuotna Concentrator Kiruna 739Mt46-48%Fe Malmberget 209Mt41%Fe Hesseng Gulf of Bothnia FINLAND Bjornevatn 8 km KIRKENES 0 2km BJORNEVATN OPEN PIT Cobbing Plant & HELSINKI 100% owner of Sydvaranger iron ore mine, Norway Operated from 1910 to 1997 (200Mt of ore mined) Listed on the ASX in Dec 2007, mining commenced in May 2009 and the first shipment was in Nov 2009. High quality magnetite concentrate Long term offtake contract with key European customer in place . Long mine life expected Town Railway Road AN GNO
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