Slide 1: Fourth Quarter Results of Fiscal Year End 2019
FOURTH QUARTER RESULTS OF FISCAL YEAR END 2019 PHASE II FEASIBILTIY STUDY RESULTS
Slide 2: Disclaimer
DISCLAIMER TSX: CIA ⎪ ASX: CIA
Slide 3: Conference Call Participants
CONFERENCE CALL PARTICIPANTS TSX: CIA ⎪ ASX: CIA
Slide 4: 2019 Fourth Quarter Highlights
2019 FOURTH QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA
Slide 5: Delivering on Expectations
DELIVERING ON EXPECTATIONS → CONCENTRATE PRODUCED RECOVERY TOTAL CASH COST TSX: CIA ⎪ ASX: CIA
Slide 6: Health & Safety
HEALTH & SAFETY > > > TSX: CIA ⎪ ASX: CIA
Slide 7: Environment Focus
ENVIRONMENT FOCUS > > > > TSX: CIA ⎪ ASX: CIA
Slide 8: Industry Overview
INDUSTRY OVERVIEW > > > P62 & P65 PREMIUM - 10 Years (US$) BRAZIL/CHINA ROUTE - 10 YEARS (US$) TSX: CIA ⎪ ASX: CIA
Slide 9: Bloom Lake Operational Results
BLOOM LAKE OPERATIONAL RESULTS TSX: CIA ⎪ ASX: CIA
Slide 10: Operations Overview
OPERATIONS OVERVIEW > ORE MINED IRON ORE CONCENTRATE > (MILLION WMT) PRODUCED (MILLION WMT) > > WASTE MINED ORE MILLED (MILLION WMT) (MILLION WMT) TSX: CIA ⎪ ASX: CIA
Slide 11: Focus on Quality: Continuous Improvement in Ore Recovery
FOCUS ON QUALITY CONTINUOUS IMPROVEMENT IN ORE RECOVERY PRODUCTION (WMT) & RECOVERY (%) TSX: CIA ⎪ ASX: CIA
Slide 12: Fourth Quarter Financial Results
FOURTH QUARTER FINANCIAL RESULTS TSX: CIA ⎪ ASX: CIA
Slide 13: Fourth Quarter Financial Results
FOURTH QUARTER FINANCIAL RESULTS TSX: CIA ⎪ ASX: CIA
Slide 14: High-Grade Iron Ore Attracting Higher Selling Price
HIGH-GRADE IRON ORE ATTRACTING HIGHER SELLING PRICE → → → TSX: CIA ⎪ ASX: CIA
Slide 15: Consistent Strong Cash Operating Margin
CONSISTENT STRONG CASH OPERATING MARGIN → 100.00 $ 80.00 $ 60.00 $ 40.00 $ 20.00 $ - $ TSX: CIA ⎪ ASX: CIA
Slide 16: Improving Balance Sheet
IMPROVING BALANCE SHEET Q3 2019 Q4 2019 TSX: CIA ⎪ ASX: CIA
Slide 17: Fourth Quarter Cash Flow
FOURTH QUARTER CASH FLOW TSX: CIA ⎪ ASX: CIA
Slide 18: Acquisition of QIO Optimize Capital Structure
ACQUISITION OF QIO OPTIMIZE CAPITAL STRUCTURE TSX: CIA ⎪ ASX: CIA
Slide 19: Full Upside to Growth Initiatives
FULL UPSIDE TO GROWTH INITIATIVES SIMPLIFIED CORPORATE STRUCTURE → → → → TSX: CIA ⎪ ASX: CIA
Slide 20: Phase II – Feasibility Study
PHASE II – FEASIBILITY STUDY TSX: CIA ⎪ ASX: CIA
Slide 21: Phase II Champion Iron Robust Economics
PHASE Il CHAMPION IRON 24 ROBUST ECONOMICS CAPEX PRE-PRODUCTION (C$M) (US$M) General 28.2 214 > Proposed plan to double capacity from 7.4Mtpy to 15Mtpy Mine -Phasel| 37.6 28.5 > Takes advantage of infrastructure already in place Crusher and stockpile 24.3 18.4 Concentra:or 165 125 > Phase Il NPVe% o
Slide 22: Positioning as Global Leader
POSITIONING AS GLOBAL LEADER TSX: CIA ⎪ ASX: CIA
Slide 23: Phase II Feasibility Study Rapid Timeline to Production
PHASE II FEASIBILITY STUDY RAPID TIMELINE TO PRODUCTION PHASES / EVENTS 2019 2020 2021 (CALENDAR PERIODS) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 TSX: CIA ⎪ ASX: CIA
Slide 24: Thank You to Our Staff
THANK YOU TO OUR STAFF TSX: CIA ⎪ ASX: CIA
Slide 25: Thank You
THANK YOU! Contact us for more information. DAVID CATAFORD, MICHAEL MARCOTTE, CEO VP INVESTOR RELATIONS dcataford@championironmines.com mmarcotte@championiranmines.com 1100 René-Lévesque Bivd. West, Suite 610 Montreal OC H3B 4N4 Tel.: +1514 316 4858 CHAMPION Fax.: +1 514819 8100 CHAMPIONIRON.COM I R