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DISCLAIMER
CORPORATE OVERVIEW
BLOOM LAKE
COVID-19 RESPONSE
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TSX: CIA ⎪ ASX: CIA
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GREEN SOLUTION
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FY2021 HEALTH & SAFETY
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STEEL INDUSTRY GOING GREENDR PELLET FEED IN RISING DEMAND
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✓ Champion sells based on Platts 65% Fe premium benchmark
STRUCTURAL SHIFT IN IRON ORE
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GROWING INDUSTRYLACK OF INVESTMENTS
Steel output rising faster than iron ore supply in major hubs
→ China consumes ~75% of global seaborn iron ore; Australia & Brazil supply ~77% of global seaborn iron ore
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MARKET STATISTICS AS OF Q3/FY21(C$M) SHAREHOLDERS (CIA-TSX; CIA-ASX)
CORPORATE SNAPSHOT
INVESTMENT HISTORY
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TIMELINE &
CUMULATIVE
TOTAL
INVESTMENT
BLOOM LAKE TODAY
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$
$
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0
20
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0 100 200 300 400 500 600 700 800 900 1000 1100 1200 1300 1400
US
$/d
ry t
onne
Million tonnes (wet)
Source: Wood Mackenzie
P62: Platts TSI IODEX 62% Fe CFR China
COMPETING ON COST CURVE
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DIVERSIFIED CUSTOMER BASE
Product sold to 25 different customers since 1st shipment
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CHINA – 52%
EUROPE – 4.5%
INDIA – 1.5%
MIDDLE EAST – 11.5%
KOREA – 4.5%
JAPAN – 26%
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BLOOM LAKE PHASE I (7.4 MTPA)
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OPERATIONAL HIGHLIGHTS
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FINANCIAL RESULTS
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PREMIUM PRICING
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LABRADOR TROUGH =WORLD-CLASS OPPORTUNITY
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GROWTH OPPORTUNITIES
BLOOM LAKE PHASE II PROJECTROBUST ECONOMICS
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PHASE II – ADVANCED PROJECT
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BLOOM LAKE AREAPOTENTIAL OPPORTUNITIES
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ACQUISITION - KAMI PROJECT
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REGIONAL OPPORTUNITIES
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STRONG FINANCIAL POSITION
STRONG LEVERAGETO COMMODITY PRICE
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Cu
rren
t p
rice
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APPENDIX A
ENVIRONMENTALLY FOCUSED
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NewOld
EXPERIENCED TEAM◼
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INFRASTRUCTURE AND LOGISTICS
Mining Crushing Concentrating Rail PortCo
Asset Snapshot
Description / Commentary
◼ Typical blast and shovel mining operations
◼ Trucked to near-pit crusher
◼ 3 distinct mining areas
◼ Crushed in near-pit crusher and conveyed 3.45km to the processing facility
◼ Upgrading the ~30% Fe to 66% Fe
◼ Grinding, screening, gravity circuit and magnetic recovery
◼ Transported by rail from loading station at Bloom Lake to Port of Pointe-Noire Sept-Îles
◼ Rail agreement with Quebec North Shore and Labrador Railway Company (QNS&L)
— Cost is variable based on wet tonnage
◼ Agreement with Government of Quebec for unloading and stocking area and service agreement with Port of Sept-Îles for ship loading
◼ Access to state of the artbrand new deep seaberth
◼ One of North America’s largest ore-handling ports with year roundaccess
Key Equipment
◼ 10 CAT Trucks
◼ 3 Shovels
◼ 3 Loaders
◼ 3 Drills
◼ 3.45km conveyor system
◼ 2 fully operational crushers with spare capacity
◼ 2 concentrators
— Phase I concentrator is operational
— Phase II concentrator is approximately 70% complete
◼ “On-site” privately owned 32km railway linking Bloom Lake Mine site to QNS&L
◼ 835 specialized iron ore rail cars
◼ Arnaud rail
◼ Rotary car dumper
◼ Stacker / Reclaimer
◼ 36km of government owned railway
Current Phase I and Potential Phase II
Annual Throughput Capacity
Phase I capacity: 7.4 Mtpa
Phase II capacity: 7.6Mtpa
Total Capacity: 15Mtpa
Phase I capacity: 7.4 Mtpa
Phase II capacity: 7.6Mtpa
Total Capacity: 15Mtpa
Phase I capacity: 7.4 Mtpa
Phase II capacity: 7.6Mtpa
Total Capacity: 15Mtpa
Available excess capacity at QNS&L
Multi-user Port with total capacity of 50M tpa
1 2 3 4 5
TAILINGS MANAGEMENT
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Centerline/Downstream Upstream
Water basin required for finer
particles to deposit
PHASE II - FEASIBILITY STUDYCOMBINED PHASE I & II (JUNE 2019)
BLOOM LAKERESERVES & RESOURCES
COMPANY PROJECTSMINERAL RESOURCES & RESERVES
BLOOM LAKE PHASE IIPOSITIONING AS A GLOBAL LEADER
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↑↓
BLOOM LAKEUPDATED RECOVERY FLOWSHEET
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IRON ORE VALUE CHAIN
>SINTER PELLETS
BLOOM LAKE MINE COMPLEX
MULTI-USER PORT
STRUCTURAL IMPROVEMENTS2018 RECOMMISSIONING
APPENDIX B
APPENDIX B
