Century Global Commodities Corporation · TSX:CNT
Century Global Commodities — Investor Presentation (August 2026)
36 slides from Century Global Commodities's investor presentation, August 2026
Slide 1: Corporate Presentation
Corporate Presentation August 2026
Slide 2: Forward Looking Statement
Forward Looking Statement Except for statements of historical fact, this presentation contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “project”; “intend”, “believe”, “anti
Slide 3: Content
Content Corporate Highlights The Joyce Lake DSO Project Other Iron Ore Projects 3
Slide 4: Corporate Highlights
oO Corporate Highlights A 4X CENTURYGL@BAL
Slide 5: Decades of Canadian Iron Ore Development Track Record
2 Decades of Canadian Iron Ore Development Track Record 2005 (Bloom Lake) 2008 (Champion) 2011 (CNT IPO . . . ➔ 20Bt Fe) 2015 (Joyce BFS) 2022 (Update of BFS) 2026 (continuing EA) Joyce Lake + ▪ ~15% holding in CLM ▪ Founded Century to invest ~10% ▪ Century (CNT) went public in 2011 on ▪ Completed B
Slide 6: Total Multi-billion tonne Iron Project Value
Total Mult-billion tonne Iron Project Value ~$5.3B 3 Most Advanced Projects at BFS or PEA stages High-volume Full Moon PEA: IRR 15%, NPV C$5.8B (pretax) Joyce Lake @ BFS (NI 43-101, 2022) (1) Pre-tax NPV8% C$357.2M Post-tax NPV8% C$184.6M Pre-tax/Post-tax IRR 27.72% / 20.01% Pre-/Post-tax Payback (y
Slide 7: Financial Highlights
Financial Highlights Share Structure (@ August 10, 2026) Financial Highlights – June 30, 2026 C$ M Directors, officers & major shareholder 49.1% (19.6%) & MinMetals (3.9%) 23.5% Free cash & liquid marketable securities 1.6 Other key shareholders 13.1% Public shareholders 14.3% Receivables, Prepaids,
Slide 8: Century Global: A Compelling Iron Ore Story
Century Global: A Compelling Iron Ore Story A near term production Joyce Lake DSO Project at BFS (with EIS under IAAC technical review) in a strong iron ore market at a market cap ~$5.3M with working capital* of $5.0M Joyce Lake is a high-grade low-cost (US$47.1/t FOB and $270.4M or $15/t capex); ca
Slide 9: Directors, Advisors and Management
Directors, Advisors and Management Sandy Chim, MBA, CA, CPA Dwight Ball Jionghui Wang, AusIMM Chair & CEO, | director of ASX, TSXV, Vice-Chair | Chair of Canada Development Chief Technical Expert, China Minmetals Corp. | AIM, HKEx cos.| early shareholder of Investment Corp. | 13th former Premier of
Slide 10: The Joyce Lake Project
The Joyce Lake Project Simple bite size low capex intensity (US$11/t) quarry project of 2.5Mtpa output in a favourable cycle with a definitive study completed in December 2022 10
Slide 11: Green Features of the Joyce Project
Green Features of the Joyce Project (1) On-site, dry crushing-and-screening of ~60% iron (2) No Mine-site Tailings or Impoundment content ore which requires only a small plant using minimal power Joyce is not used for tailings impoundment Joyce (2) Similarly, ore concentration is unnecessary, and an
Slide 12: The future of Canadian Iron Ore in a Decarbonizing World
The future of Canadian Iron Ore in a Decarbonizing World ~$450M New Development Investment 2 Labrador DRI Projects ▪ Two global majors that produce Vale invests in Iron Bear (➔75%) ~C$200M iron ore and steel have selected Canada as a future source of the Developing Direct ▪ Cyclone Metals Limited (A
Slide 13: Joyce 2022 Feasibility Key Parameters
Joyce 2022 Feasibility Key Parameters Definitive Feasibility Study Highlights Schefferville, Labrador Trough 24Mt M&I resources @~59% Fe + inferred of 0.83Mt 24Mt+ @>62 % Fe (1) 1 17.4Mt @~60% Fe reserves (2) (3) Joyce Annual production of ~1/3 lump & ~2/3 fines for 7+ yrs 2.5Mtpa (~5 yrs > Fe 61%,
Slide 14: Feasibility Study Resources and Reserves
Feasibility Study Resources and Reserves Joyce Lake open pit deposit Joyce Lake Joyce Lake Mineral Resources (1) 17.4Mt ~60% Fe reserve Cut-off Category Fe Tonnes Fe SiO2 Al2O3 Mn Tata Measured & Kawawachikamach 50% Fe1 23,970,000 58.63% 13.22% 0.54% 0.75% Indicated Matimekush Inferred 50% Fe1 830,0
Slide 15: Quarrying with Dry Crush/Screen
Quarrying with Dry Crush/Screen (Non-winter months only) 1. Simple quarry style dry crushing and screening during non- 1 winter months to produce lump and fines 2. Fines are transported during non-winter months 3. Lump is dried from 4% to 2% moisture and stockpiled at site during non-winter months a
Slide 16: Simple 2.5Mtpa Quarry Operation: Opex FOB
Simple 2.5Mtpa Quarry Operation: Opex FOB = ~US$47/t Dry crushing & screening with lump dried in summer to enable all-year transportation Mining & Crushing / Screening / G&A = US$21.36/dmt Mining: US$11.9/dmt Crush & screen: US$3.55/dmt G&A: US$5.91/dmt Sinter Fines Lump Ore Open-Pit Mining Crush &
Slide 17: Joyce 2022 Feasibility Economics Summary
Joyce 2022 Feasibility Economics Summary Subtotals Subtotals Product Operating Cost US$/dmt C$/dmt Initial Capital Cost US$M C$M (US$M) (C$M) Mining $ 11.90 $ 15.46 Mine & Plant Crushing Plant $ 2.86 $ 3.72 Mine Preparation $ 15.90 $ 20.65 Drying Plant $ 0.69 $ 0.89 Processing Plant $ 9.71 $ 45.87 $
Slide 18: Complete Transportation Infrastructure
Complete Transportation Infrastructure Capesize bulk carrier accessible ports available to ship to seaborne markets Rail Port of Sept Iles Tsh (TSH) ▪ 2 deep-water year-round ports at Sept-Iles iueti ▪ 597 km rail operated by common carriers connected to Joyce for shipping to China & Europe n Rail (
Slide 19: Projected Joyce Project Development Timeline
Projected Joyce Project Development Timeline Year ✓ Major Milestones - Achieved Year ✓ Major Milestones - Achieved 2008 ✓ Joyce Lake deposit discovered 2025-26 ✓ IAAC transitioned the Joyce Project from CEA-2012 to be under IAA-2019 legislation. On July 29, 2026, IAAC issued 2013 ✓ Project registere
Slide 20: Promising DSO Resource Expansion Targets
Promising DSO Resource Expansion Targets Target Substantive Exploration Work Summary Lac Sans Chef ▪ 1400 m x 600m mineralization zone 10 km NW of Joyce ▪ Lac Sans Chef with massive hematite outcrops; TFe > 62% ▪ Sub-synclinal closure with strong gravity anomalies as o 10Km north of Joyce Joyce ▪ 20
Slide 21: Century's Other Iron Ore Projects
Century’s Other Iron Ore Projects Multi-billion tonne advanced projects at preliminary economic assessment stage in the same region for future expansion 21
Slide 22: World-class Multi-Billion-Tonne Advanced Canadian Iron Projects
World-class Multi-Billion-Tonne Advanced Canadian Iron Projects Ranging from BFS to PEAs (short and long-term development) ~C$100M invested High-volume Full Moon PEA: Flagship high-grade Joyce Lake BFS: High-volume Duncan Lake PEA: IRR 15%, NPV C$5.8B (pretax) IRR 27.7%, NPV C$357M (pretax) IRR 20%,
Slide 23: World-class multi-billion tonne iron ore resources
World-class multi-billion tonne iron ore resources Item DSO Taconite Magnetite Total Joyce Black Bird Full Moon1 Hayot Duncan1 Total Century’s ownership 89.5% 100% 100% 100% 68% Most Recent Report BFS Resource PEA Resource PEA 17.4 Mt P&P2 reserves (Fe %) - - - - 17.4 Mt (59.94%) 24.0 Mt3 M&I2 resou
Slide 24: Counter-cyclical food distribution business unit with ten years of growth
Counter-cyclical food distribution business unit with ten years of growth from start-up at 20+% GP generating ~HK$6M (>C$1M) monthly sales achieving $99K segment profit in FY2027 Q1 Solid growing food marketing business focusing on brand-marketing quality meat and egg products from Europe and Austra
Slide 25: Value Fundamentals of Century
Value Fundamentals of Century (1) Large gap between the sum of the parts & a market cap of $5.3M $185M post-tax NPV8% in feasibility study at a post-tax NPV Joyce Lake DSO project at BFS High-grade / low cost price of US$124.95/t 62% (Aug 21 – Jul 26 average at ~US$113/t.) $185M @US$124.95/t Fe 62%
Slide 26: Global Seaborne Iron Ore Market
Global Seaborne Iron Ore Market 26
Slide 27: Current Global Seaborne Iron Ore Market
Current Global Seaborne Iron Ore Market US$ 5-Year Iron Ore Seaborne Market Trend 240 TSI Fe 62% Daily Spot Price (US$) CFR China Trend (5 Years to July 2026) 210 5 years average US$/t Aug 2021 – Jul 2026 113.37 180 150 120 90 60 Closing Price July 31, 2026: US$95.3 30 TSI Fe 62% Spot Price CFR Chin
Slide 28: Seaborne Iron Ore Market since Inception
Seaborne Iron Ore Market since Inception (2009) Stable China demand (>1Btpa) under tight oligopolistic supply (>1Btpa) sustained LT Ave. US$102-114/t 240 210 180 US$95.3/t July 31, 2026 spot 150 Cyc le trend-b and 120 90 60 Joyce Lake feasibility study FOB cash cost US$47.2/t 30 Iron Ore Seaborne Ma
Slide 29: Strong and stable demand from China
Strong and stable demand from China China made @ >1Btpa of steel & imported >1Btpa of iron ore for >5 years Mtpa Quick Facts Mtpa % World Share of imported iron as % of total iron ore consumption 2000 100% Steel produced (2025) 1,028 54% 90% 1800 86% 84% 90% Steel produced (2021-2025) 1,029 54% 81%
Slide 30: Steel Demand underpinned by Strong Economic Fundamentals
Steel Demand underpinned by Strong Economic Fundamentals China continues to lead global expansion, contributing approximately 21.7% of global GDP growth through 2030— surpassing the combined G7 (19.5%) and a strengthened USA (14.2%) 2,000,000 China’s iron ore import grew from 3.5% of 80% IMF World E
Slide 31: An Effective Oligopoly
An Effective Oligopoly 4 Major Producers Supplying >60% of the Market occupying the first 3 quartiles of the cost curve $30,000 $26,940 1,146,252 1,145,964 1,107,011 1,164,974 1,200,000 1,106,906 1,067,496 1,133,128 840,168 1,092,728 1,094,243 1,057,9801,043,153 795,792 $25,000 1,000,000 Big 3 Big 4
Slide 32: New normal price levels in a sellers' market
New normal price levels in a sellers’ (oligopolistic) market where demand has all the time remained stable & strong ➔ Demand grew steadily during the Combined Big 4 Annual Production vs Chinese Steel Output and Iron Ore Spot Price CFR China (1990, 2000, 2006, 2011-2025) bottom after a short pause $1
Slide 33: Price collapsed at the bottom on supply expansions
Price collapsed at the bottom on supply expansions (NOT demand), but it increases rapidly even when the oligopolistic structure stabilized and supply and demand is rather balanced . . . The basic advantages of concentrated Combined Big 4 Annual Production vs Chinese Steel Output upstream supply: and
Slide 34: Big 4's FOB cash cost are very competitive
Big 4’s FOB cash cost are very competitive ~US$18-24/t Annual Cash Cost US$/t (FOB) (2011-2025) Total Big 4 Volume vs EBITDA (2011-2025) Total Big 4 Dividends (2011-2025) Total Big 4 Dividend Payout (2011-Present) Flat Sales Volume US $/t Cash Cost (FOB) (2011-Present) 65 tonnes (000's) Total Big 4
Slide 35: Big 4 Valuation Metrics
Big 4 Valuation Metrics High dividend yield (~3-10%) from exceptional profits from iron ore operations contribute to current market capitalizations of the Big 4 (2) (1) Iron Ore Dividend Market Cap (in billions) Big 4 Stock Price PE Ratio Sale (Mtpa) Yield (%) A$/BRL US$ Rio Tinto (RIO:AX) A$169.50
Slide 36: China's Iron Ore Demand Remains Stable
China’s Iron Ore Demand Remains Stable 2025 Global Seaborne Iron Ore 2025 Global Seaborne Iron Ore 2025 Iron Ore Consumed in Supply/Export = 1,760Mt Demand/Import = 1,760Mt China = 1,553Mt Domestic Ex-Big 4 Supply Ex-China import 293Mt 626.87 Mt 500 Mt 35.6% 18.9% 28.4% Big 4 China's iron ore China'
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