Oceanic Iron Ore Corp. · TSXV:FEO
Oceanic Iron Ore — Investor Presentation (September 2026)
26 slides from Oceanic Iron Ore's investor presentation, September 2026
Slide 1: Investor Presentation
Investor Presentation September 2026 oceanicironore.com TSX.V: FEO
Slide 2: Cautionary Notes
Cautionary Notes This presentation includes certain "Forward-Looking Statements” as that term is used in applicable securities law. All statements included herein, other than statements of historical fact, including, without limitation, statements regarding potential mineralization and resources, ex
Slide 3: Overview – Ungava Bay Projects
Overview – Ungava Bay Projects OCEANIC IRON ORE Ungava Bay Projects • WORLD CLASS IRON ORE DEVELOPMENT 100% owned Iron ore development in the Labrador Trough (Québec), a proven LEGEND Ungava Bay Projects world class mining jurisdiction and one of the largest sources of Labrador Trough global Fe prod
Slide 4: Hopes Advance – A Premier High Quality, Low-Cost Iron Ore Project
Hopes Advance – A Premier High Quality, Low-Cost Iron Ore Project Robust PEA Economics (Amounts in USD) Large Scale Deposits • Base-case (at Study consensus FOB price of $82/t) • 1.4 billion tonnes of Measured and Indicated Mineral Resources* post-tax NPV8 of $1.4bn and IRR of 17% • Low mining costs
Slide 5: Our Unique Advantage - No 3rd Party Reliance
Our Unique Advantage - No 3rd Party Reliance No Rail Requirement • Minimum Annual Production requirement for any new entrant to use QNSL rail infrastructure, such supply likely low in priority to major users • Significant capex and opex to connect and use any existing lines • No risk of logistical i
Slide 6: Hopes Advance Re-scoped PEA (December 2019)
Hopes Advance Re-scoped PEA (December 2019) RE-SCOPED FROM THE 2012 PRE-FEASIBILITY STUDY TO: Post-Tax NPV & IRR Increases To ▪ Lower initial capex while maintaining low opex/tonne $2.8bn/25% @ Spot ▪ Eliminate winter shipping risk by shipping seasonally, reducing port capex • 5 MILLION TPA ▪ Elimin
Slide 7: Hopes Advance - Efficient use of Capital in a Proven Mining Jurisdiction
Hopes Advance - Efficient use of Capital in a Proven Mining Jurisdiction AFTER TAX NPV/INITIAL CAPEX - UNFINANCED PROJECTS IN PROVEN JURISDICTIONS (AUSTRALIA/CANADA) 1.20 1.00 0.80 0.60 0.40 0.20 - Hopes Advance Lake Central Eyre Hawsons Southdown Lac Otelnuk Full Moon Lake Giles St Joseph Comparabl
Slide 8: Production Upside
Production Upside - FEO’s Value Proposition - High Quality Iron Remaining Deposits at Hopes Advance Ore Project with Significant Upside Resource Expansion Potential - Roberts + Morgan Lake After-Tax NPV8 based on Varying Iron Ore Price Points 3 2.5 $2.8 Bn After-Tax NPV8 ($US Bn) 25% IRR 2 $2.3 Bn 1
Slide 9: Hopes Advance Metallurgy
Hopes Advance Metallurgy Bench – Scale Testwork Pilot Plant Testwork and 2025 DR Grade Testwork (April 2012) Flowsheet Development Program Confirms Critical (April 2012) Mineral Level DR Concentrate • Over 600 samples across all deposits at Hopes • Based on 10 tonne and 250 tonne composite • Phase 2
Slide 10: Valuable And Sought-after Product without DR Upgrade
Valuable And Sought-after Product without DR Upgrade HIGH-GRADE, LOW-IMPURITY PRODUCT PERMITS STEEL MILLS TO OPTIMIZE BLENDS, BALANCING LOWER-QUALITY ORES, REDUCING COSTS, INCREASING EFFICIENCY AND REDUCING CO2 EMISSIONS IRON SILICA ALUMINA PHOSPHORUS • Hopes Advance concentrate product Hopes Advanc
Slide 11: Competing On Cost Curve
Competing On Cost Curve GLOBAL SEABORN TOTAL COST CURVE* (CFR China – Adjusted For VIU**) 120 • Hopes Advance has proven cost structure 100 • Product quality premium offsets differential when compared to Australian operators 80 • Major producers act as price setters as top Fortescue Metals four prod
Slide 12: Product Versatility – 2025 Met Testwork Program
Product Versatility – 2025 Met Testwork Program 150 kg of gravity and magnetic concentrate from the 2012 bf pilot plant program submitted to leading laboratory to achieve the following • Confirm DR grade pellet feed potential with modest flow sheet modifications; and • Assess optimal effective flota
Slide 13: Electric Air Furnaces & DRI – The Future In Low Emission Steel/Iron Ore Production
Electric Air Furnaces & DRI – The Future In Low Emission Steel/Iron Ore Production To limit a global average temperature Steelmaking CO2 emissions including mining, processing and transportation increase to 1.5°C, steel CO2 emissions need to fall CO2 emissions tonnes/tonne liquid steel1,2 by more th
Slide 14: Producing With A Low Emission Footprint – Canada vs other High Purity Iron Ore
Producing With A Low Emission Footprint – Canada vs other High Purity Iron Ore Producing Jurisdictions High Purity Iron Ore Emissions Footprint by country Canadian Iron Ore Production Is Advantaged By Significant hydropower generation capacity High-grade / processing ore deposits largely producing 6
Slide 15: Viable Shipping Routes
Viable Shipping Routes • Hopes Advance Bay is located at the midpoint between Deception Nuuk, Greenland Bay to the NW and Voisey’s Bay to the SE Ungava Bay 2,575nm • Red dotted line: Potential future routing through Northwest Rotterdam, Netherlands Passage to Qingdao, China 7,862nm Asian ports Sohar
Slide 16: Social and Environmental Considerations
Social and Environmental Considerations • A corporate philosophy and first consideration in Hope’s Advance development • Clear communication and buy-in required from employees, consultants and contractors • Early stakeholder and government interaction • LOI agreed with Inuit community • LOI with Qué
Slide 17: Strategic Direction
Strategic Direction INVESTING IN ONE OF VERY FEW WORLD CLASS ASSETS WITH OFFTAKE AVAILABLE • COMMUNITY RELATIONS Re-engagement with representatives of the Inuit of Nunavik Building on existing LOIs with Inuit community • ENVIRONMENTAL / PERMITTING Environmental baseline studies Initial project descr
Slide 18: Capitalization
Capitalization Capitalization Summary (September 23, 2026) Shares on Issue 261,527,423 Warrants ($0.07 - $0.95) 91,020,684 Options ($0.05 - $0.90) 12,875,000 Restricted Share Units 16,667 Fully Diluted 365,439,774 Listing FEO (TSX-V) Insider Ownership (FD) 60%+ 18 oceanicironore.com | Investor Prese
Slide 19: Supplemental Information
Supplemental Information OCEANICIRONORE.COM TSX.V: FEO
Slide 20: Leadership Team
Leadership Team MANAGEMENT AND ADVISORS Steven Dean Frank Giustra Ryan Beedie Chris Batalha CHAIRMAN CEO AND DIRECTOR ▪ Fellow of Australian Institute of Mining and ▪ Canadian entrepreneur, natural resource ▪ Celebrated leader in industrial and residential real ▪ Member of Institute of Chartered Met
Slide 21: Directors and Managers Cont.
Directors and Managers Cont. EXPERIENCED TEAM ASHLEY KATES EDDY CANOVA GORDON KEEP THE HON. JOHN JEREMY LANGFORD REYNOLDS, P.C. CFO AND CORPORATE SECRETARY DIRECTOR OF EXPLORATION DIRECTOR DIRECTOR DIRECTOR Ashley Kates is an accomplished finance Jeremy Langford is an internationally Mr. Canova has
Slide 22: Hopes Advance Mineral Resources
Hopes Advance Mineral Resources MINERAL RESOURCES (25% Fe cut-off) Classification Tonnes Fe (%) Concentrate (t 000) Tonnes (000) Measured 774,241 32.2 288,971 Indicated 613,796 32.0 226,901 Measured & Indicated 1,388,037 32.1 515,872 Inferred 222,188 32.5 82,475 Notes: 1. The Qualified Person respon
Slide 23: Hopes Advanced Site Layout
Hopes Advanced Site Layout NO RAIL REQUIREMENT 1 2 3 1 Expansion Stockpile 4 Expansion Phase TMF 10 5 2 Laydown and Cold Storage IRON VALLEY PIT 6 7 3 Camp 9 4 Fuel Tank Farm Ungava Bay 11 5 Port Concentrate Stockpile 6 Power Plant Barge N 7 Wharf and Ship loading 8 BAY ZONE B DEPOSIT 8 Bay Zone F W
Slide 24: Hopes Advance Flowsheet – Simple Metallurgy
Hopes Advance Flowsheet – Simple Metallurgy High weight and iron recoveries are obtained using a simple flowsheet* Primary Grinding %Fe 32.9% %SiO2 43.7%* Wt% 100% Crushing HPGR Primary Grinding Grind 300 µm Gravity Tails Regrind Final Tails Tailings Management Facility Gravity Separation Magnetic S
Slide 25: Top Shareholders
Top Shareholders % HOLDING - FULLY DILUTED Institutions Others 14% 25% Dean Group 41% Fiore Group 20% 25 oceanicironore.com | Investor Presentation
Slide 26: Contact information
Contact information Alex Motherwell Vice President, Capital Markets & IR Ph. 416.475.9938 amotherwell@oceanicironore.com www.oceanicironore.com
Oceanic Iron Ore — Investor Presentation (September 2026) on 6ix