Champion Iron Ltd. · ASX:CIA
Champion Iron — Conference Presentation (September 2023)
24 slides from Champion Iron's conference presentation, September 2023
Slide 1: Conference Presentation September 2023
CONFERENCE PRESENTATION SEPTEMBER 2023 A RARE SOLUTION TO DECARBONIZE STEELMAKING CHAM Pl ON IRON LAX
Slide 2: Disclaimer
DISCLAIMER CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCOX : CIAFF ‘This presentation (the “Presentation”) contains information about Champion Iron Limited (*Champion” or the “Company"), current as at the date hereof or as at such earlier date as may be specified herein, This Presentation does not cons
Slide 3: Corporate Overview
CORPORATE OVERVIEW CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCOX : CIAFF LARGEST PUBLICLY LISTED PURE-PLAY HIGH-GRADE IRON ORE PRODUCER GLOBALLY 9? > end largest hub of high-grade exports globally @ 9 inl ai > 9.3% management ownership > Cumulative investments at Bloom Lake >US$4.5B aan © > Committed
Slide 4: A Global Solution for the Transitioning Steel Industry
A GLOBAL SOLUTION FOR THE mn TRANSITIONING STEEL INDUSTRY = | ASX: CIA | OTCOX : CIAFF
Slide 5: Wind Steel Other Minerals/Metals
⎪ ⎪ → → 100 80 60 40 20 0 Wind Solar Nuclear Transmission & Distribution Energy Storage EV (Structural) Total Material (EV, ESS, Other) Steel Other Minerals/Metals
Slide 6: High Purity Iron Ore: A Solution for Green Steel
HIGH PURITY IRON ORE > A SOLUTION FOR GREEN STEEL CHAMPION IRON 2x THE STEEL INDUSTRY WILL NEED TO ADAPT TO LIMIT EMISSIONS Mining Freight 2% Agglomeration 12% Agriculture, forestry and soil management 18% Waste ~> The steel industry a produces more than 7.2% Chemicals of global CO, emissions* Energ
Slide 7: Champion's Positive Impact
CHAMPION’S POSITIVE IMPACT CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCOX : CIAFF STEEL MAKING PRIMARY mam METHOD & EMISSIONS RAW MATERIALS af op: Blast Furnace (BF) / Iron Ore 56.2% Champion’s Ble.ere iron ore ij. Basic Oxygen Furnace (BOF) Coal Fa reduces emissions by 2.01 tCO,eq/t steel -10% in the
Slide 8: High Purity Iron Ore Is Critical for the Energy Transition
CHAMPION IRON 24 HIGH PURITY IRON IS CRITICAL FOR THE ENERGY TRANSITION TSX-CIA | ASX: CIA | OTCOX: CIAFF 1.5°C pathway crude steel production by technology mix (Million tonnes annually and market share) 2022 30 35 40 45 2050 Mi oei-cAr Ml scrap-car Ml sar-sor? Ml er-sor MM) er-sor ccus? Source: Cha
Slide 9: DRPF Product: Visible Demand
DRPF PRODUCT: VISIBLE DEMAND CHAMPION IRON 2a Total number of shaft DRI/HBI! projects by year of beginning operations Wl Operational [J Announced so7i-75 [2 ——— £6 > DRI project announcements are accelerating at an unprecedented pace, expected to increase demand vsor-05 Is P p p for Direct Reduction
Slide 10: Demand for Direct Reduction Pellets Forecast
CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF Forecast (2023-2050) Cumulative historical production! Demand for Direct Reduction (DR) pellets by 2050, required in DRI-EAF steelmaking, is expected to be 6X the cumulative historical production 14,400 Mt The steel industry's t tion to DRI-EAF ste
Slide 11: 69% Fe DRPF: Prime Product in a Niche Market
69% FE DRPF: PRIME PRODUCT IN A NICHE MARKET CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCOX : CIAFF SUMMARY OF IRON CONTENT AND GANGUE CONTENT . . a Volumes primarily Volumes primarily from Brazil, from Australia Canada, Ukraine and Russia 2 i 12% e 5 s 10% e € = Project BF QUALITY a o% Co ® ° @ e@ ~
Slide 12: Project and Port Comparison
Spare Port Project / Renewable Distance to # Capacity Portfolio Energy Port (Km) (Mtpa)6 MetalloInvest 1 (Russia) Rest of 2 Canada4 3 S11D Champion 4 Iron 7 5 Simandou2,5 6 Iron Bridge 7 Central Eyre3 8 Minas Rio 9 Samarco LKAB 10 (Sweden) 11 CSN (Brazil) 12 Sino Iron
Slide 13: Low Impact Locally & Scaleable Positive Impact Globally
LOW IMPACT LOCALLY & SCALEABLE POSITIVE IMPACT GLOBALLY CHAMPION IRON 2a > Canadian high-purity iron ore is produced with one of the lowest carbon intensities globally > Acomplete transition of Bloom Lake's 15Mtpa nameplate capacity to DRPF quality iron ore could reduce nearly 9.7Mt of CO; eq/year i
Slide 14: Significant Impact Towards Reducing Emissions
SIGNIFICANT IMPACT TOWARDS REDUCING EMISSIONS CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCOX : CIAFF Lx Champion‘s concentrate reduces emissions in BF/BOF steelmaking Proven ability to produce DR grade pellet feed enables Champion to engage with DRI/EAF steel makers Compared to Low Grade Iron Ore Comp
Slide 15: Recent Results
CHAMPION IRON CHAMPION IRON 2te | RECENT RESULT a" TSX: CIA | ASX: CIA | OTCOX : CIAFF
Slide 16: Setting New Production Records at Bloom Lake
SETTING NEW PRODUCTION RECORDS AT BLOOM LAKE CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Facilities reached expanded designed nameplate capacity of 15M tpa on several operating days in Q1/FY24 > Q1/FY24 quarterly production of 3.4M wmt, representing 90% of Bloom Lake expanded nameplate cap
Slide 17: Impact of Recent Forest Fires
IMPACT OF RECENT FOREST FIRES CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Recent forest fires near Sept-iles, Québec, approximately 300 kilometres south of Bloom Lake, resulted in interruptions to railway services between May 30 and June 10, 2023 > As forest fires subsided, railway service
Slide 18: Proven Cost Structure
PROVEN COST STRUCTURE CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCOX : CIAFF 5100 TOTAL CASH COST (C$/DMT) VALUE-IN-USE ADJUSTED IRON ORE COST $ $73.9 140 CURVE (CFR, 62% FE FINES EQUIVALENT) 80 $60 $40 aA $20 $0 SS? Ph eee Se & ¢ ee 250 500 750 1000 1250 1500 sos vino muuron wer were Tons > Proven and
Slide 19: Balance Sheet as at June 30, 2023
⎪ ⎪ → BALANCE SHEET AS AT JUNE 30, 2023 Notes Non-IFRS financial measure, ratio or other financial measure. Refer to the disclaimer at the p.2 Receivables: $108.3M; Income and mining taxes receivables: $31.9M; Prepaid expenses and advances: $64.4M; Inventories: $211.6M; accounts payable and other: (
Slide 20: Product Development and Growth Initiatives
PRODUCT DEVELOPMENT CHAMPION IRON 23 AND GROWTH INITIATIVES A | OTCOX
Slide 21: Green Steel Supply Chain Solutions
GREEN STEEL SUPPLY CHAIN SOLUTIONS CHAMPION IRON 2a > Inkeeping with its diligent approach towards growth and its vision to be a leader in the green steel supply chain, Champion's projects are strategically positioned to sustainably address the supply deficit of high purity iron required to reduce e
Slide 22: Project Milestones
⎪ ⎪ PROJECT MILESTONES → → → ✓ ✓ ✓ →
Slide 23: Our People Are Our Most Valuable Asset
OUR PEOPLE ARE OUR MOST VALUABLE ASSET CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCQX : CIAFF. CREATING A POSITIVE IMPACT FOR LOCAL COMMUNITIES WITH OUR EXPERTISE, ROBUST CULTURE AND VALUES ® PRIDE ata INGENUITY SY RESPECT =), TRANSPARENCY Ne UPHOLDING OUR VALUES FOR A SUSTAINABLE FUTURE LAN 23
Slide 24: Thank You!
THANK YOU! persed see” Contact.us for more'informati Michael Marcotte, CFA " Senior Vice-President - Corporate Development and Capital Markets info(@championiron.com. 514-316-4858
Champion Iron — Conference Presentation (September 2023) on 6ix