Black Iron Inc. · TSX:BKI
Black Iron — Investor Presentation (January 2025)
15 slides from Black Iron's investor presentation, January 2025
Slide 1: Compelling Investment in Support of Rebuilding Ukraine & the Green Transition
Compelling Investment in Support of Rebuilding Ukraine & the Green Transition 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Black Iron Inc. (“Black Iron” or the “Company”). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presenta
Slide 3: Premium Low Emission Product - Critical to Rebuild Ukraine
Premium Low Emission Product - Critical to Rebuild Ukraine High-Grade Iron Essential to Decarbonize Steel o Steel is currently responsible for 7% of global greenhouse gas emissions o Black Iron’s high iron content pellet feed reduces emissions by ~30% as compared to more typically consumed sintered
Slide 4: Top Ranked Development Iron Ore Project – Projected Economics & Grade
Top Ranked Development Iron Ore Project – Projected Economics & Grade Black Iron’s 68% iron is in the top 4% grade of all current High-grade projects expect to have higher returns(1) production(2) Black Iron’s Shymanivske Project has the highest Black Iron’s 68% product is the top Seaborne Iron Ore
Slide 5: Steel is a Critical Input to All Green Technologies
Steel is a Critical Input to All Green Technologies Geo-thermal Concentrated Solar Hydro Hydrogen Nuclear Wind Power Steel is 98% iron Bio-Energy Solar Photo-Voltaic Electricity Networks Electric Vehicles (1) Image Source: https://www.un.org/en/climatechange/net-zero-coalition 5
Slide 6: Global Steel Production is Significant & Remains Carbon Intensive
Global Steel Production is Significant & Remains Carbon Intensive Steel production accounts for ~7% of humanity’s greenhouse-gas emissions(2): Global greenhouse gas emissions (GtCO₂e) Carbon intensity of steel has not changed over the past decade and needs to decline: 3.0 Tonnes CO₂ Emissions/tonne
Slide 7: High-Grade Iron Provides Near-Term Carbon Relief from Existing Process
High-Grade Iron Provides Near-Term Carbon Relief from Existing Process Immediate Impact Energy Intensity of Steel Production Black Iron’s 68% iron content magnetite pellet feed Iron ore must be heated to high temperatures of up to vs. benchmark 62% sintered iron reduces roughly 1,480°C to be reduced
Slide 8: Asset Profile
Asset Profile Shymanivske Project Geographic Location Makes Project Highly Economic Paved road provides easy commute for labour ~448.2 Million Tonnes of Proven Reserves o 12km from city of Kryvyi Rih, major city surrounded Average annual production of 8 Mtpa of high grade 68% by 7 operating iron ore
Slide 9: Low Cost to Build with Attractive Returns in Base Case
Low Cost to Build with Attractive Returns in Base Case Phase 1 Phase 2 Lowest cost undeveloped pellet feed project globally with low capital intensity to commence operations(1) 4Mt $452M 8Mt $364M Uses: US$m Sources: US$m Annual Production Capital Investment (inclusive of 17% Annual Production Capit
Slide 10: Strong Investment Returns in ALL Iron Ore Pricing Scenarios
Strong Investment Returns in ALL Iron Ore Pricing Scenarios Low operating & capital costs to ride all market cycles After-Tax NPV(1); IRR (Based on 40% equity & 60% debt financing) (1) Based on a 10% discount rate 10
Slide 11: Project Studies & Permitting Well Advanced
Project Studies & Permitting Well Advanced Key Milestones Permits & Licensing Exploration Permit Ukraine Government support & land transfer agreement submission Upon Peace o Conducted geophysical program o Drilled ore body o State approval of Explored Deposit Feasibility study completion – 2020 PEA
Slide 12: Cap Table & Ukraine President Support
Cap Table & Ukraine President Support Cap Table As for the economy and our cooperation, it is in real Shares Outstanding 304M actions, not in words. For example, Black Iron, a Stock Options 15M Canadian company that wanted to invest in Ukraine ... I know this very well, because I am from Kryvyi DSU
Slide 13: Management & Board Have Track Record of Iron Ore Success
Management & Board Have Track Record of Iron Ore Success Key Management Board of Directors Matt Simpson - CEO Bruce Humphrey - Chairman o Former GM, Mining for Rio Tinto’s Iron Ore Company of Canada o Former Chairman of Consolidated Thompson Iron Ore and Chief Operating Officer o Worked for Hatch de
Slide 14: Upon Rebuilding, Ukraine Needs FDI Examples of Success to Sustain Recovery
PRIVILEGED & CONFIDENTIAL; NOT FOR DISTRIBUTION Upon Rebuilding, Ukraine Needs FDI Examples of Success to Sustain Recovery US $1.2 billion investment US $2.2 billion in tax payments over 20 year project life over the projects life • US$70 million already invested • Payments of income and As for the
Slide 15: TSX: BKI; OTC: BKIRF; FWB: BIN
TSX: BKI; OTC: BKIRF; FWB: BIN CONTACT US: FOLLOW US: 198 Davenport Rd. www.blackiron.com Toronto, ON, Canada, M5R 1J2 Toronto: +1(416) 309 2138 Ukraine: +380 (56) 409 2536 info@blackiron.com 15