Mining Projects

Atlântica Minas

Sept/19

Disclaimer

This presentation by Atlântica Minas Empreendimentos, Participações e Mineração Ltda.

Includes "exploratory statements," as the term is defined in the "Private Securities

Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E

of the US Securities Exchange Act 1934 ".

By their nature, these "exploratory statements" involve uncertainties, risks and

opportunities, both general and specific, based on analyzes made by Atlântica Minas

according to its experience, economic environment, market conditions and expected

future events, many of which are beyond the control of the company.

These "exploratory statements" may be influenced in particular by factors such as the

ability to obtain all necessary regulatory approvals in a timely manner, difficulty in

converting geological resources into mineral reserves, and changes in market

circumstances.

This presentation and its contents are information owned by Atlântica Minas and may

not be reproduced or disclosed in whole or in part, without the prior written consent of

the owner.

Introduction

Atlântica Minas, is a small mining company in Brazil. Through this portfolio, the company will present manyof it’s projects and market vision with the intent of seeking a partner to help leverage it’s developments.

Currently, this development is done by using resources acquired from already operating projects to fundnewer and greater ones, expanding the company’s total production and overall reach. By doing this, thecompany can avoid creating any sorts of debts while still finding itself open for various sorts ofpartnerships. Although this comes at the cost of time, since the resources are still quite limited.

A partnership would help solve this time variable while also granting broader development options.

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2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

Production Planning

Current Planning Planning With Partners

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Global Economy

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Global Economic GrowthThe global economy remains growing quite strong despite the recent monetary policy adopted by someadvanced economies, which led certain financing conditions to lose their potential. While oil prices aresubstantially higher than expected, other commodities prices also slowly rising, not falling too behind. Thisis happening despite China’s reduced, expected growth.

Fonte: Vale

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International Iron Ore MarketThe price of iron ore in the transoceanic market began to show signs of recovery after it reached the lowestpoint of the last few years in 2015/16. This can be better visualized in the graph below:

At the moment, we are preparing ourselves for a high in iron ore pricings, making time aprecious element. The sooner we are ready, the more we will be able to profit from the next rise.

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Overview of

Atlântica Minas

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Atlântica Minas was founded in 1998, operating in the civil construction segment. In 2006 its subsidiaryAtlântica Minas Mineração was created to operate in the mining segment.

Atlântica Minas invests in the development of mining projects in the states of Minas Gerais and Pará, withpotential for exploration of various mineral goods like: iron, gold, industrial quartzite, gneiss, kaolin, quartz,graphite, manganese, limestone, phosphate, lithium, titanium and platinoids.

Introduction

What will be doing in the next ten years?

Mineral

Exploration

Environmental

Licensing

OperationImplementation of

Projects

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Geophysical AnomaliesThe Projects are located in areas of great magnetic anomalies (purple color), with high geophysicalpotential of mineralization.

1 – Iron Ore Desterro2 – Iron Ore Itatiaiaçu3 – Iron Ore Belo Horizonte4 – Phosphate and Titanium Triângulo5 – Quartz and Calcareos Santa Luzia6 – Iron Ore Caeté7 – Manganese Diamantina8 – Manganese Couto de Magalhães9 – Iron Ore João Monlevade (Seara)10 – Iron Ore Nova Era11 – Iron Ore Santa Maria de Itabira12 – Piles Cuitê13 – Iron Ore Antônio Dias14 – Lithium Jequitinhonha15 – Iron Ore Timóteo16 – Iron Ore São José do Goiabal17 – Iron Ore and Manganese Dom Silvério18 – Quartz and Kaolim Barão de Cocais19 – Iron Ore Barão de Cocais20 – Iron Ore and Gold Rio Piracicaba21 – Iron Ore Bela Vista de Minas22 – Quartz Santa Bárbara23 – Iron Ore Catas Altas24 – Iron Ore Coimbra25 – Gneiss Santa Luzia26 – Manganese and Gold Cata Preta27 – Iron Ore Itabirito28 – Iron Ore and Graphite Carijós29 – Iron Ore and Manganese Jeceaba

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Portfolio of Projects

It’s mining rights are strategically grouped into 36 mineral projects, allocated based on mineral substanceand location.

Iron Ore; 19

Manganese; 3

Gold; 2

Phosphate; 2

Kaolim; 1

Quartz; 3

Calcareos; 2

Gneiss; 1

Platinum; 1Lithium; 1 Grafite; 1

Project Portifolio

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LogisticsThe projects are located close to the combined railroad / railroad / railroad terminals (MRS, VLI and FVM),integrated to the main export ports of the Southeast region of Brazil, allowing to attend both the domesticmarket and the external market.

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Strategic

Planning

Ferro +

Minerita Itaminas

Herculano Biogold

Crusaider

Mineral do Brasil

MMX

DNPM14

Atlântica’s Position in the Market

Vale

CSN Anglo

Samarco

Small number of companies with large

reserves and high scale production.

80%of BrazilianProduction

10% ofBrazilian

Production

High number of companies with small reserves and/or

low scale production.

10% of BrazilianProduction

Medium/Low number of companies with medium reserves and/or medium

scale of production.Ferrous

Usiminas

Gerdau

Vallourec

Arcelor

Atlântica Minas

Atlântica Minas

Despite being at the “base” of the pyramid, Atlântica has enough potential to reach it’s “next level”.

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Potential for Growth

CompanyMeasured Resources

Iron Ore (Mt)Production

(Mt/y)Projects in Operation

Ferrous 581,00 4,0 01

Usiminas 550,00 8,0 01

Gerdau 500,00 11,5 02

Arcelor 400,00 7,0 02

Vallourec 6,0 01

Atlântica Minas 160,00 0,3 01

Atlântica Minas meets the main requirement or prequisite to become a Medium producer of iron ore,which is having reserves great enough to leverage its production. This growth will occur through theimplementation of several small mining projects.

Potential for > 550Mt

Potential for> 4,0Mt/y

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Strategic Planning – Iron Ore and Manganese

Dry Operation – Small Scale Humid Operation – Large Scale

The strategic planning of Atlântica Minas for iron ore and manganese aims to, when possible, deploy amobile, small-scale screening and crushing units with dry processing. These have a lower CAPEX but a rapidenvironmental licensing. This format of operation generates sufficient monetary resources to invest in thecontinuity of both it’s own development (mineral exploration, environmental licensing, engineering, landacquisition, implantation works, etc.) and of larger projects with humid operation.

The strategy is to classify the projects in either class 2 or 3 of environmental licensing (considered a smallproject), to obtain the concomitant LP + LI + LO (LAC1) and to start a dry operation via a Utilization Permit(or Guia de Utilização, GU), which limits the maximum production in 300,000t/year. Once the finalenvironmental license is obtained for humid processing, this limitation will be removed.

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For non-metallic minerals, Atlântica Minas is instead planning to, first, develop the necessary studies for it’slicenses and concessions. Once that is ready, it will verticalize the productive chain, by implanting factoriesand the like with special partners. By doing this, the project worth will increase exponentially.

Strategic Planning – Quartz, Calcareos, Gneiss and Kaolim

Cement Factories

Construction

Factories of Refractory Ceramics

Glass Industries

Agricultural Products Industries

Chemical Industries

Steel Industries

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For the other minerals (graphite, gold, lithium, titanium, phosphate and platinoids), Atlântica Minas willdevelop their projects (mineral research, environmental license and regularization in front of DNPM), forlater search for selected partners to operate the business.

Strategic Planning – Others Minerals

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SWOT

Strenghts

➢ Mining rights in contiguous areas with large geophysical anomalies;

➢ Large territorial extensions (~ 1,100 km²);

➢ Projects close to the railway logistics network (including rail terminals);

➢ Projects close to important mines in operation and / or depleted;

➢ Productioon of premium products.

Weakeneasses

➢ Need for better geological knowledge (investment);

➢ Dependence on the generation of own resources for the realization of investments (time);

➢ Need for agreements with landlords.

Oportunities Threats

➢ Price of iron ore;

➢ Difficulty in environmental licensing.

➢ Possibilities of partnerships with other mining companies;

➢ Projection of high price in the iron ore market starting 2019;

➢ Projects with attractive return rates.

Closure

Atlântica Minas thanks you for taking interest in it’s various projects.

Take care!

Atlântica Minas Empreendimentos, Participação e Mineração LTDA

Rua Bernardo Guimarães, 2200 – Lourdes

Belo Horizonte - MG

Telefone: (31) 2551-5500

www.atlanticaminas.com.br