Slide 1: The Labrador Trough: Opportunities in Canada's Premier Iron Ore District
& & Newfoundland Labrador Natural Resources THE LABRADOR TROUGH: OPPORTUNITIES IN CANADA’S PREMIER IRON ORE DISTRICT
Slide 2: Labrador Trough location
o%, Newfoundland Labrador Natural Resources LABRADOR TROUGH Located ina Syed = modern, Labrador —O is. politically stable, mining-friendly jurisdiction QUEBEC The Canadian provinces of NEWFOUNDLAND AND LABRADOR and QUEBEC
Slide 3: Canada's premier iron ore district
, S é Newfoueefland Canada’s premier iron ore Labrador district Bee Long production history: more than 60 years of profitable operations More than 2 thousand million tonnes produced Entry point into the seaborne market in Europe, Asia, the Middle East and N. America Opportunity for long-term reliabi
Slide 4: The Resource: World-class
w = = § & % The Resource: World-class _Nevfoundtana = Labrador a Natural Resources IRIDEX GAAP ae More than 80 billion tonnes of known iron . mines ore resources with excellent exploration o fron Ore Projects with Be iron Ore Projects potential a Brae ine, = Near surface deposits; open pit mining Tr
Slide 5: High-quality ores
o% = Newfoundland Labrador Natural Resources High-quality ores Low phosphorous, alumina, sulphur and alkalies High Fe content concentrate and pellets Superior quality relative to Australian and Brazilian product offsets freight disadvantage (for China markets)
Slide 6: Product diversity
= Ss Newjoundland pace Natural Resources Product diversity: Lump, premium fines, concentrate and pellet grades Flexibility to deliver special products ao.
Slide 7: Power infrastructure
wT Ss Newfoundland Labrador Natural Resources POWER INFRASTRUCTURE Ample water and reliable sources of low-cost hydro-electric power Stably priced green energy
Slide 8: Key transportation infrastructure
Z& = Newfoundland Labrador Natural Resources Key transportation infrastructure with excess rail and port capacity
Slide 9: New investments in multi-user port facilities
Se by Newfoundland Labrador Natural Resources NEW INVESTMENTS IN MULTI-USER PORT FACILITIES PORT OF SEPT ISLES HANDLES CAPE-SIZE and CHINAMAX* VESSELS
Slide 10: No prohibitive control of rail by a major producer
foun Newfoundland Labrador Natural Resources NO PROHIBITIVE CONTROL OF RAIL BY A MAJOR PRODUCER CANADIAN LAW RECOGNIZES THE QSN&L RAILWAY AS A “COMMON CARRIER”
Slide 11: Investment Potential
INVESTMENT POTENTIAL
Slide 12: Current bear market has provided a unique opportunity to consolidate
SS Ss Newfoundland Labrador Natural Resources CURRENT “BEAR” MARKET HAS PROVIDED A UNIQUE OPPORTUNITY TO CONSOLIDATE WITHIN THE DISTRICT
Slide 13: Reducing investment risk
o% Newfoundland REDUCING Labrador INVESTMENT RISK ADDITIONAL FACTORS: Skilled and experienced local workforce Highly qualified local mining supply and service network (vendors and contractors) Government support at municipal, provincial and federal levels Stable taxation and regulatory environments
Slide 14: Social licence to operate
C7, Ss Newfoundland Labrador Natural Resources SOCIAL LICENCE TO OPERATE Canadian companies in the Labrador Trough have had a strong focus on corporate responsibility, the environment, Communities, and Aboriginal issues