Slide 1: A Solution to Decarbonize Steelmaking
AUGUST 27, 2025 - 5 PM (MONTREAL) AUGUST 28, 2025 - 7 AM (SYDNEY) Pyar’ ifs a3 = A SOLUTION TO DECARBONIZE STEELMAKING CHAM Pl ON IRO N LA
Slide 2: Disclaimer
DISCLAIMER CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF Thispresentation (this Presentation”) contains infarmaten about Championiran Limited("Champien” ar the "Company" currentas atthe date hereat eras at such earlier date as may be spedfid herein ThisPresantation dass nateanstitate ar formpa
Slide 3: Formal Business of the Annual General Meeting
FORMAL BUSINESS OF THE ANNUAL GENERAL MEETING CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCOX: CIAFF Receiving and considering the Company's Financial Report, together with the Directors’ Report and Auditors’ Report for the financial year ended March 31, 2025 Adopt the Remuneration Report, as set out in
Slide 4: FY2025 Highlights
FY2025 HIGHLIGHTS CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF FINANCIAL YEAR RESULTS AND BALANCE SHEET AS OF MARCH 31, 2025 & mm 13,834,200 WMT $ 78.3/0MT $ 1,606.6M $ 117.5M CONCENTRATE PRODUCED CORAL Ones eae REVENUES CASH & CASH EQUIVALENTS 13,491,200 DMT $ 471.3M ¢ 718.0M CONCENTRATE SOL
Slide 5: FY2025: Creating a Positive Impact
FY2025: CREATING A POSITIVE IMPACT CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF SUCCESSFULLY MET OR EXCEEDED 13 OF THE 14 FY2025 SUSTAINABILITY TARGETS! 1,307 Employees, including 72 local and First Nations! $472.0M Procurement from regional suppliers® $106.6M Total taxes paid to government??
Slide 6: Canadian Government Adds High-Purity Iron Ore to Its Critical Minerals List
⎪ ⎪ → → → → CANADIAN GOVERNMENT ADDS HIGH-PURITY IRON ORE TO ITS CRITICAL MINERALS LIST MITIGATED THE OPERATIONAL IMPACT OF FOREST FIRES NEAR SEPT-ILES LAUNCH OF KAPATAKAN FIRST NATIONS CULTURAL IMMERSION PROGRAM SUCCESSFULLY MANAGED UNFORESEEN INTERRUPTION AT THE TRAIN LOAD-OUT FACILITY ANNOUNCED A
Slide 7: TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF
TSX: CIA ⎪ ASX: CIA ⎪ OTCQX: CIAFF
Slide 8: FY2025 and Q1/FY2026: Balance Sheet
FY2025 AND Q1/FY2026: BALANCE SHEET CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCOX: CIAFF BALANCE SHEET AS AT MARCH 31, JUNE 30, 2025 2025 m Cash & cash equivalents $117.5M $176.1M Working capital! $296.9M $185.3M Short-term & Long-Term $718.0M $753.4M ee Available loans $488.4M9 $360.6M4 > As at June
Slide 9: DRPF Project Update
DRPF PROJECT UPDATE CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Note: As at June 30, 2025. Estimated capital expenditure for the DRPF project as per the details of the study highlights r DRPF project, upgrading half of Bloom Lake’s nameplate capacity from 66.2% Fe up to 69% Fe, is progress
Slide 10: Kami Milestones
KAMI MILESTONES CHAMPION IRON 2a > On July 21, 2025, Champion entered into a definitive framework agreement with Nippon Steel and Sojitz, to implement the previously announced binding agreement outlining the terms of a partnership to evaluate and potentially develop the Kami Project > This milestone
Slide 11: Deteriorating Australian Iron Ore Quality
CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF DETERIORATING AUSTRALIAN IRON ORE QUALITY AUSTRALIA'S MAJOR IRON ORE PRODUCERS ASSETS QUALITY > While the steel industry requires increasingly higher purity BY IRON AND GANGUE CONTENTS (2025)! iron ore to decarbonize, quality has declined for Austr
Slide 12: Financial Year 2026 Focus
FINANCIAL YEAR 2026 FOCUS CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCOX: CIAFF 4) Ongoing sustainable environmental management and priority on the health and safety of our employees, partners and communities & Optimize operations at Bloom Lake and continue to destock iron ore concentrate inventories y
Slide 13: Thank You to Our Staff
THANK YOU TO OUR STAFF CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCOX: CIAFF UPHOLDING VALUES FOR A SUSTAINABLE FUTURE ] " J TRANSPARENCY RESPECT INGENUITY 13
Slide 14: Thank You!
THANK YOU! CHAMPION IRON 24 Mee . Tz aE . pat ae Contact us for more information: -- . _Michael Marcotte, Senior Vice-President - Corporate Development and Capital Markets P infof@championiron.com 514-316-4858 = ag ' Fie : nS - a. a
Slide 15: Appendix
APPENDIX CHAMPION IRON 2 FINANCIAL YEAR 2025 AND Q1/2026 oie OPERATIONAL & FINANCIAL RESULTS
Slide 16: Solidifying Operations
SOLIDIFYING OPERATIONS CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF BLOOM LAKE PRODUCTION HISTORY (M WMT/YEAR) > FY25 Results : Production of 13.8M wmt (13.5M ST dmt), a slight decrease of 2.3% YoY, impacted by 142 13.8 several factors including: = Apreventive evacuation of Bloom Lake, in Jul
Slide 17: Record Sales and Diversified Customers
RECORD SALES AND DIVERSIFIED CUSTOMERS CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Record annual iron ore concentrate sales of 13.5M dmt in FY25, an increase of FY25 SHIPMENTS 15.9% year-over-year Korea indonesia > FY25 Results: Iron ore concentrate sales impacted by several factors includ
Slide 18: FY2025: Industry Overview
FY2025: INDUSTRY OVERVIEW CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > FY25 Results: > P65 index average of US$118.7/dmt, a decrease 9.3% year-over-year > Average premium of the P65 over P62 index of 13.6%, an increase of 3.9 percentage points year-over-year > C3 freight index average of US
Slide 19: FY2025: Premium Product Pricing
FY2025: PREMIUM PRODUCT PRICING CHAMPION IRON 2 TSX: CIA | ASX: CIA | OTCOX: CIAFF > FY25 Results: Average gross realized selling price! of US$117.3/dmt, slightly below the P65 high-grade index average of US$118.7/dmt in the period, and a net realized price! of $119.1/dmt, a decrease of 9.0% year-ov
Slide 20: FY2025: Proven Cost Structure
CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCOX: CIAFF FY2025: PROVEN COST STRUCTURE > FY25 Results: Total cash cost! of $78.3/t, a year-over-year increase, mainly attributable to a higher stripping ratio, higher maintenance costs due to increased plant and mining equipment utilization, as well as the
Slide 21: FY2025: Financial Results
CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF FY2025: FINANCIAL RESULTS > Financial results negatively impacted year-over-year by lower net average realized selling price and a higher cost of sales, partially offset by higher sales volumes > FY25 Results; Revenues of $1,606.6M, net cash flow f
Slide 22: Investing for the Future
INVESTING FOR THE FUTURE CHAMPION IRON 24 TSX: CIA | ASX: CIA | OTCQX: CIAFF > Substantial investments and capital return completed in FY25, including: = Eight consecutive $0.10 per ordinary share semi-annual dividend declared, including two dividend payments totalling $103.6M during the financial y