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DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

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Page 1: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M
Page 2: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

DISCLAIMER

TSX: CIA ⎪ ASX: CIA

Page 3: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

CONFERENCE CALL PARTICIPANTS

TSX: CIA ⎪ ASX: CIA

Page 4: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

FY2021 FIRST QUARTER HIGHLIGHTS

TSX: CIA ⎪ ASX: CIA

* Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

Page 5: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

COVID-19 RESPONSE

TSX: CIA ⎪ ASX: CIA

Page 6: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

HEALTH & SAFETY

TSX: CIA ⎪ ASX: CIA

Page 7: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

FOCUS ON SUSTAINABILITY

TSX: CIA ⎪ ASX: CIA

Page 8: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

INDUSTRY OVERVIEW

TSX: CIA ⎪ ASX: CIA

Source: Champion Iron Limited, Platts data

Page 9: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

INDUSTRY OVERVIEW

TSX: CIA ⎪ ASX: CIA

Source: Champion Iron Limited, Platts data

Page 10: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

BLOOM LAKE OPERATIONAL RESULTS

TSX: CIA ⎪ ASX: CIA

Page 11: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

OPTIMIZED OPERATIONS IN RESPONSE TO COVID-19

TSX: CIA ⎪ ASX: CIA

Page 12: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

OPERATIONS OVERVIEW

TSX: CIA ⎪ ASX: CIA

Page 13: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

PROVEN QUALIFICATION OF DR PRODUCT

Source: Champion Iron Limited, Wood Mackenzie data

TSX: CIA ⎪ ASX: CIA

Page 14: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

FIRST QUARTER FINANCIAL RESULTS

TSX: CIA ⎪ ASX: CIA

Page 15: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

FIRST QUARTER FINANCIAL HIGHLIGHTS

→→→→

TSX: CIA ⎪ ASX: CIA

Page 16: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

FIRST QUARTER AVERAGE REALIZED SELLING PRICE

TSX: CIA ⎪ ASX: CIA

→→→→

Page 17: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

POSITIVE CASH OPERATING MARGIN

TSX: CIA ⎪ ASX: CIA

Page 18: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

RAPIDLY IMPROVING BALANCE SHEET

TSX: CIA ⎪ ASX: CIA

Page 19: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

CASH INCREASE DETAILS

TSX: CIA ⎪ ASX: CIA

Page 20: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

GROWTH PROJECTS

TSX: CIA ⎪ ASX: CIA

Page 21: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

PHASE II UPDATE

TSX: CIA ⎪ ASX: CIA

Page 22: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

ACQUIRED LAND PACKAGE

TSX: CIA ⎪ ASX: CIA

*

Page 23: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M

THANK YOU TO OUR STAFF

TSX: CIA ⎪ ASX: CIA

Page 24: DISCLAIMER · FY2021 FIRST QUARTER HIGHLIGHTS TSX: CIA ⎪ ASX: CIA * Cash and cash equivalent including short-term investments; Long-term debt face value of US$200M