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Century Iron Mines Presentation

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Century Iron Mines Presentation

  1. 1. Century Iron Mines CorporationCorporate Presentation – September 2012www.centuryiron.com Sustainable Development TSX: FER
  2. 2. 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”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices for metals, the conclusions of detailed feasibility and technical analyses, lower than expected grades and quantities of mineralization and resources, mining rates and recovery rates and the lack of availability of necessary capital, which may not be available to the Corporation on terms acceptable to it or at all, changes in and the effect of government policies with respect to mineral exploration and exploitation, the ability to obtain required permits, delays in exploration and development projects and the possibility of adverse developments in the financial markets generally, potential environmental issues and liabilities associated with exploration and development and mining activities. The Corporation is also subject to the specific risks inherent in the mining business as well as general economic and business conditions. The Corporation undertakes no obligation to update forward-looking information if circumstances or management’s estimates should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect financial results is included in the documents that may be filed from time to time with the Canadian securities regulatory authorities by the Corporation.Century Iron Mines Corporation 2
  3. 3. Iron Ore Price Trend in Context US$ 200  Price level correction over the past year due to 180 very unfavourable international economic & the 160 resulted slowing down of growth in China 140 120  Current price level is still historical high when 100 compared with pre-financial crisis levels 80 Historical annually negotiated benchmark FOB price 60 40 Spot China CIF Iron Ore 20 Fines 62% Fe Spot Price in US$ 0 May-83 May-86 May-89 May-92 May-95 May-98 May-01 May-04 May-07 May-10 Feb-84 Feb-87 Feb-90 Feb-93 Feb-96 Feb-99 Feb-02 Feb-05 Feb-08 Feb-11 Nov-84 Nov-87 Nov-90 Nov-93 Nov-96 Nov-99 Nov-02 Nov-05 Nov-08 Nov-11 Aug-82 Aug-85 Aug-88 Aug-91 Aug-94 Aug-97 Aug-00 Aug-03 Aug-06 Aug-09 Aug-12 14000.00 12000.00 10000.00 8000.00 6000.00 4000.00 2000.00 0.00Century Iron Mines Corporation Source: Index Mundi, TSI 3
  4. 4. Global Crude Steel Growth Trend 2001 - 2021 Mtpa 2500 ROW China India Over the next 10 years:  The world will grow faster in the last 813 2303  China will still grow 90% as much as the last 92 164  Developing economies will contribute over 2000 90% of growth 475  Developing economies driving growth 640 1490 246 1158 1500 51 72 532 683 1000 Other 850 21 57 developing 177 151 economies 500 Developed 981 economies 69 678 735 0 2001 2001-2011 2011 2012-2021 2021 (CRU) Growth Growth (CRU)Century Iron Mines Corporation Source: World Steel Association, CRU, Century 4
  5. 5. $10 Billion in Canadian Iron Ore in One YearAcquisitions, Investments, Expansions 1 2 3 4 Century Iron (FER) $240M including investment by WISCO & MinMetals 5 Consolidated Thompson (CLM.TO) $5B acquisition by Cliffs Natural Resources 12 Iron Ore Company (IOC) $1B expansion from 17Mtpa to 25Mtpa at Carol Lake 13 ArcelorMittal (MT) $2.1B expansion from 14Mtpa to 24Mtpa at Mt. Wright 7 Tata (TTM) $300M DSO, $50M (BFS) + $5B (Capex) Taconite investment at Millennium Iron Range 9 Adriana Resources (ADI.V) $120M investment by WISCO 10 Baffinland Iron Mines Corp. (BIM.TO) $600M investment by ArcelorMittal 11 Advanced Explorations Inc. (AXI.V) $50m+$1B investment into Roche Bay TOTAL: $10 Billion +Century Iron Mines Corporation 5
  6. 6. Financial Highlights & Capital Structure Financial highlights (June 30, 2012) Cash and cash equivalents $54,437,941 Exploration and evaluation assets $55,122,267 Capital structure (Sept 5, 2012) Shares outstanding 94,864,071 Warrants and options outstanding 8,954,027 Fully diluted 103,818,098 Share Price $1.25 Market capitalization (approximately) $120 million Share structure Founding shareholders and management 53.94% WISCO (approx. 25%) and MinMetals (5%) – Strategic Partners 30.00% Public shareholders 16.06% Total 100.00%Century Iron Mines Corporation 6
  7. 7. Structure and Project Overview Corporate Structure Iron Ore Projects Approx. Approx. 3 WISCO 25% 5% International Minmetals Resources Century Iron Exploration & Development Mines Development & Investment Corporation (Luxembourg) Ltd (PRC) (TSX: FER) Limited S.à.r.l $120M 40% 60% 100% to earn in 40% JVs Off take: 60% Four projects being Procure up to acquired from 70% capex by Altius Minerals Inc. debt Joint Venture (TSX: ALS) 4 Labrador Iron Mines Holdings Ltd. Projects Champion 40-49% Augyva Mining 35-49% Minerals Inc. Resources Inc. (TSX: CHM) 56-60% 100% 51-65% (TSXV: AUV) (Note 2) (Note 1) Attikamagen Sunny Lake Duncan Lake James Bay Area Project 2 Project 3 Project 1 Note 1: Currently a 51% interest with an option to increase to a 65% interest under an option and joint venture agreement with Augyva Mining Resources Inc. Note 2: Currently a 56% interest with an option to increase to a 60% interest under an Duncan Lake Option/JV Agreement with Champion Minerals Inc.Century Iron Mines Corporation 7
  8. 8. Corporate Vision & Project Profile To become one of the largest iron ore producers in Canada Largest claim holder in the iron Development Product ore camp of Project / Location Target production Canada focus target Labrador Trough  Joyce Lake, DSO:  Lump  3-4 years  Lac Le Fer high grade low  Sinter fines  From 3mtpa  Schefferville W volume DSO  Super fines to 10mtpa Labrador Iron Mines Holdings Ltd. Projects  Rainy Lake Taconite:  Pellets  5-6 years (Full Moon) high tonnage  Concentrate  From 20mtpa  Hayot lower grade & up James Bay Area James Bay  Duncan Lake Magnetite:  Pellets  5-6 years high volume  From 10mtpa lower grade & up Duncan LakeCentury Iron Mines Corporation 8
  9. 9. 2012-3 Exploration Milestones Meters Approximate Resources Completed up to meters to Project calculation PEA about mid- complete in target August 2012 Published on Duncan 54,306 Q4 / Q1 2013 August 27, 2012 Q3 & further Full Moon 24,117 4,000 2013 updated 2013 Joyce Lake DSO 11,769 1,000 Q4 2013 LLF P3 DSO 826 2,000 2013 2013 Hayot Taconite 6,286 Q3 Altius Gravity, EM, mapping and orientation drillingCentury Iron Mines Corporation 9
  10. 10. Financing Strategy IllustrationAn User-Banker Model With Strategic Partner 6000 Production Capex: $5B 5150 Shared pro-rata JV 600 5000 financing with SOE 900 12% In millions of $ Fund source from 18% SOE strategic 4000 partnership 3500 Total project 70% development & 3000 production cost FER financing 2000 Profile raising $600M  BFS 1000  70% debt financing  60-70% product presold 50 100 0  Lead order of $900M from partner (top up)  FER valuation supported by BFS & very substantial resources/reservesCentury Iron Mines Corporation 10
  11. 11. A Winning Formula for Success Corporate Interest JV/Project Interest Market 30% Chinese Strategic 40% Chinese SOEs 60-70% Partners Chinese 70% Canadian & public 60% Century (TSX: FER) off-take investors Up to 70% financing by debt Accretive & capital by end user/banker Equity enhancing Securing success • Financial structure: • Capex requirement to enter production of only 13% • Balance funded by end-user/banker • 60-70% of end product pre-sold • Access to technical competence of major international companies with successful experience in mega-projects • Being a Canadian company with a substantial Chinese interestCentury Iron Mines Corporation 11
  12. 12. Century Iron Mines Projects 1 Duncan Lake Project • Magnetite • Over 1Bt measured & indicated • Over 500 Mt inferred 2 Sunny Lake Project • DSO & Taconite Potential* • On the same strike with NML & ADI 3 Attikamagen Project • DSO & Taconite Potential* • On the same strike with NML & ADI 4 Altius Project (4) • DSO & Taconite Potential* * The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.Century Iron Mines Corporation 12
  13. 13. Duncan Lake Iron Project Well-Established Infrastructure  10 km south of LG2 regional airport  50 km south of Radisson  LG1 & LG2 of Hydro Quebec within 100 km  120 km (approx.) from James Bay  Highway 109 goes through the property connecting Matagami and Radisson Mineral Resource Estimate Summary (at 16% Fe cutoff – updated Aug 27, 2012) Duncan Project Resource Million Grade category tonnes % Measured 406 23.9 Indicated 645 24.7 Subtotal 1,050 24.4 Inferred 563 24.7Century Iron Mines Corporation 13
  14. 14. Duncan Lake NI43-101 Iron Ore Resources Duncan Lake Iron Ore Property Mineral Resources at 16% Fe cutoff (Update August 27, 2012) 2010 Mineral Resource Million DTWR Fe % DT Fe % NI43-101 Class Tonnes % (Mt) Measured 406 23.9 26.8 67.3 5.7 Indicated 645 24.7 28.1 66.9 25.6 Measured & 1,050 24.4 26.5 67.0 31.3 Indicated Inferred 563 24.7 28.0 66.5 821.1 (Note 1: DTWR % is the Davis Tube Weight Recovery; DT Fe % is the Davis Tube Fe Concentrate Grade) (Note 2: Total tonnage may vary due to rounding) (Note 3: The effective date of the mineral resource estimate is August 24 th, 2012) (Note 4: Resource estimate is based on all six Duncan Lake zones)Century Iron Mines Corporation 14
  15. 15. Duncan Lake – Exploration Programs• 51% JV and operator of the Duncan Lake Project• Option agreement to earn up to 65% Completed Exploration Programs Magnetic Map of Duncan Lake Area  1973 drilling = 22 boreholes for ■ 99 claims 4,143m on deposits 3, 4, and 6 ■ 4,615 hectares  Completed 54,467m of drilling over ■ 6 banded iron 177 holes (2008-2012) formation deposits  NI43-101 Mineral Resource identified along a Deposit 6 Estimate updated by Met-Chem & 25km belt published August 27, 2012.  Over 30 times in the M+I categories (over 1Bt) than last estimate, with over 500Mt in Inferred In Progress  Preliminary economic assessment by Met-Chem  Completed Environmental Scoping study; now performing Environmental Baseline study  On-going internal logistics studyCentury Iron Mines Corporation 15
  16. 16. Duncan Lake: Canadian Competitive AdvantageABUNDANT WATER AND ELECTRICITY IN THE AREAWaterCanada, particularly Quebec, enjoysabundant water, which is important forconcentration operationsElectricityLocated near Hydro-Québec’s James BayRobert-Bourassa hydro-electric powerplant on La Grande River, the world’s 10thlargest, which will provide low-cost energyfor the projectDirect Benefits:• Reduced cost of construction and operation of facilities to supply water and electricity• Long-term competitive advantage for concentration and pelletizing operationsCentury Iron Mines Corporation 16
  17. 17. Duncan Lake Project – Land Transportation Kuujjuaraapik Pipeline Solution in a Robert-Bourassa, the world’s 10th - (about 200km) largest hydroelectric power plant Well-Studied Area  A planned 150km slurry pipeline1 between the hydro plant in Radisson and the slurry receptor LG2 plant on James Bay. LG1  Based on historic data and compared with similar existing pipeline systems in commercial DUNCAN operations, the operating cost PROJECT is estimated at US$1.00~1.25 per tonne2  Plan Nord identifies a proposed nearby deep-water port location at Kuujjuaraapik (200km north of Note: 1) Where the pipeline crosses junctions or rivers, it will be constructed Duncan Project) above-ground with insulation or heat tracing techniques to reduce the negative operational impact of extreme cold. 2) Based on publicly available sources and management calculations.Century Iron Mines Corporation 17
  18. 18. Duncan Lake Project – Oceanic Shipping Shipping Considerations • Commercial shipping in Hudson Bay has been well established for 70+ years (e.g. Port of Churchill) • James Bay water depths permit deep-sea marine terminal for Capesize vessels, 80- 100 metres in Hudson Bay. • Up to 150 days of ice-free shipping, year-round shipping with ice class vessels • Possible future direct North-West Passage to Asia Kuujjuaraapik Ongoing Studies • Identified two locations for port site • Extensive shipping study is underway • Partnering with shipping and engineering companies to work out logistic optionsCentury Iron Mines Corporation 18
  19. 19. Schefferville Projects – Location and GeologyPROVEN CLASSIC IRON FORMATION IN A MINING CAMP Adrianna (WorldLink & WISCO) Otelnuk MI&I 6.26 Bt @ Deposit* 29.16% Fe (average) Labrador Trough Central Section, Labrador Trough Knob Lake Group Sunny Lake Project Rainy Lake Section Full Moon: Taconite Sokoman Iron Formation, equivalent to Wabush Iron Formation at South Sunny Lake Project New Millennium (Tata Steel) Lac Le Fer Section Prospect 3: DSO MI&I 3.46 Bt @ 31.24% Fe (average) KéMag* Attikamagen Joyce Lake: DSO MI&I 5.13 Bt @ 29.4% LabMag* Fe (average) DSO Projects: Schefferville Century’s Tata Steel investing up to C$300m Projects* Information regarding reserves, resources and production capacity are from management and publicly available sources including press releases and NI 43-101 technical reports filed onwww.sedar.com. Century has not confirmed the resource and reserve data and cannot be relied upon.Century Iron Mines Corporation 19
  20. 20. Sunny Lake Iron Project • 530 mineral claims, covering Rainy Lake 25,692 hectares in Labrador Full Moon: Taconite Trough region • On strike from KeMag LaMag deposits (8-9Bt) to the south and Lac Otelnuk (6Bt) to the Lac Le Fer north. • Rainy Lake – 2011: drilled 31 holes 6,387m , 2012: drilled 85 holes 16,866m = 116 holes and 23,253 m to date • Lac Le Fer – in 2011 drilled 2 RC* holes 198m and 5 DDH** Prospect 3: DSO holes 627m *RC – Reverse Circulation **DDH Diamond Drilling * The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.Century Iron Mines Corporation 20
  21. 21. Attikamagen Iron Project • Up to 60% joint venture with TSX-listed Champion Minerals Inc. • Early-stage exploration property: 1,022 mining claims, approx. 34,348 hectares in the Labrador Trough region (net 20,609 hectares to the company) • Thin overburden with visible outcrops • Joyce Lake – 2010: drilled 4 holes, 362m 2011: drilled 40 holes, 5,159m 2012: drilled 74 holes 7,217m = 118 holes and 12,738m to date • Hayot Lake – 2010: drilled 6 holes 561m 2011: drilled 41 holes totalling 5,725m = 47 holes and 6,286m total to dateCentury Iron Mines Corporation 21
  22. 22. Attikamagen – Joyce Lake: DSOTarget 2015 Production Confirming gradeS & thickness Selected Composite Assay results Joyce Lake From To Core* Grade Hole No. (m) (m) Length (m) FE% JOY-11-06 3 142 139 52.80 includes 96 138 42 64.19 JOY-11-07 12 93 91 52.46 includes 12 54 42 65.26 JOY-11-09 2 126 123 46.64 includes 9 18 9 61.26 and 54 69 15 64.80 Total holes assayed: 4 * Core lengths are down whole length and not true widths of the mineral zones. More typical grades & thickness Selected Composite Assay results Joyce Lake From To Core* Grade Hole No. (m) (m) Length (m) FE% JOY-11-10 3 123 120 42.63 includes 66 78 12 67.70 JOY-11-12 3 156 153 45.12 includes 129 156 27 60.15 JOY-11-14 3 63 60 45.68 includes 15 30 15 64.47 JOY-11-23 2 129 127 50.65 includes 48 81 33 61.15 and 102 114 12 66.28 Total holes assayed: 16Century Iron Mines Corporation 22
  23. 23. Joyce Lake (Attikamagen Project)Section Line 3N 59.2%/9.0m 55.3%/93.0 45.6%/30.0m mCentury Iron Mines Corporation 23
  24. 24. Sunny Lake – Lac Le Fer Section (DSO Potential) Prospect #2 Prospect #3 SiO2 Mn SiO2 Sample Fe % Mn % % Sample Fe % % % 5376 48.6 0.05 31.82 5383 56.4 0.36 15.1 5377 41.1 0.06 35.92 5384 59 0.08 15.42 5378 46.9 0.11 22.28 5385 59.5 0.11 13.9 5379 46.6 0.05 31.78 5386 41.4 0.25 37.48 5380 48.5 0.69 31.68 5387 67.1 0.22 1.88 5381 59.7 0.14 2.76 5388 58.4 0.11 10.65 Prospect #4 5391 50.8 0.55 23.4 9957 66.8 0.3 2.06 5392 63.8 0.22 5.91 9958 55.8 0.06 18.54 5394 57.7 0.17 14.08 Prospect #5 5395 59.4 0.11 13.12 9759 43.3 0.21 34.9 5396 58.8 0.22 4.03 9760 43.5 0.03 35.61 5397 63.3 0.17 6.06 9761 60.2 0.06 11.52 5398 62.1 1.83 5.34 9762 58.8 0.24 13.87 5399 57.6 0.28 14.24 Prospect #6 5400 42.8 4.32 28.43 9763 44.9 2.88 34.02 9751 61.2 2.67 6.98 9764 61.5 0.12 7.93 9752 67.4 0.1 2.27 9765 23.8 0.24 59.9 9753 66.6 0.23 3.46 9766 38.3 0.12 40.51 9961 63.1 0.28 7.72 9767 61.5 0.21 2.67 Fe samples > 55%* 9768 56.7 0.09 10.09 * Assay results from 1951 exploration program (M. Tremblay)Century Iron Mines Corporation 24
  25. 25. LLF P3 DSO Target, Mag and Gravity LLF P3 DSOLLF-P3-004 Assay result Naturally enriched >62% grade & good thicknessSample Length ID From to TFe % (m)502509 3 9 6 9.48 LLF-P3-004502510 9 12 3 52.5 62.3% FeT/45.0m (ended in IF)502511 12 15 3 56.3502513 15 18 3 58.5502514 18 21 3 60.5502515 21 24 3 60.8502516 24 27 3 64.5502517 27 30 3 64.7502518 30 33 3 64.6502519 33 36 3 65.3 Proposed Holes502520 36 39 3 64.6 Completed Holes Completed Holes502521 39 42 3 64.7502522 42 45 3 66.2502523 45 48 3 65.5502524 48 51 3 67.1502526 51 54 3 58.3 Century Iron Mines Corporation 25
  26. 26. Full Moon: Potential TaconiteResource Calculation in progress Program confirming grades & thickness Selected Composite Assay results Rainy Lake [Full Moon] From To Core* Grade Hole No. (m) (m) Length (m) FE% RL-11-0001 75.5 318.0 242.5 27.9 RL-11-0002 30.9 372.0 341.1 28.4 RL-11-0003 24.2 248.0 223.8 30.2 RL-11-0004 27.0 228.4 201.4 28.4 Total holes assayed: 8 * Core lengths are down whole length and not true widths of the minerals zones. More typical grade & thickness Selected Composite Assay results Rainy Lake [Full Moon] From To Core* Grade Hole No. (m) (m) Length (m) FE% RL-11-0801 67.2 304.0 236.8 30.1 RL-11-0401 5.4 323.6 318.2 29.5 RL-11-0402 4.5 269.4 264.9 31.0 RL-11-0404 15.0 267.0 252.0 30.3 RL-11-0004 13.0 285.4 272.4 30.4 Total holes assayed: 23Century Iron Mines Corporation 26
  27. 27. Full MoonUnusual Taconite Thickness! 2.75km Section Line 0 29.0% 31.3% 29.1% 30.4% 30.2% 28.4% 27.9% 115m 152m 234m 272m 224m 341m 242mCentury Iron Mines Corporation 27
  28. 28. Hayot Lake: Another Potential Taconite  Resource calculation in progress  2010: drilled 6 holes 561m  2011: drilled 41 holes totalling 5,725m  = 47 holes and 6,286m total to dateCentury Iron Mines Corporation 28
  29. 29. Hayot Lake Drill Hole Cross-Section L12S 30.7% 32.2% 33.6% 32.3 /104m /114m /94m %/92 m DDH No Hay 11-21a Hay 11-07 Hay 10-06 Hay 11-10 Length (m) T Fe % Length (m) T Fe % Thick (m) T Fe % Length (m) T Fe % OB 9.00 10.5 6.00 6 Mss 123.4 39.7 62.3 LC 23.00 22.2 23.3 13.9 5.70 21.1 24 19.06 JUIF 32.30 30.0 31.8 30.14 30.40 30.71 38.9 33.13 URC 61.30 34.6 41.7 34.06 34.80 34.33 38.50 35.01 PGC 13 32.8 11.80 31.47 14.80 32.42 LRGC >3 37.05 15.70 27.60 15.60 28.60 LIF 42.60 25.40 19.90 25.10 Depth 249.00 160.00 147.00 220.00 JUIF-LRGC 93.60 86.50 92.70 107.80Century Iron Mines Corporation 29
  30. 30. Further Potentials from Altius Projects The Altius iron ore package has been divided into four broad groups based on the geology and iron ore target type:  Schefferville: potential for direct-shipping ore (DSO) comprised of soft red hematite-goethite typical of what was previously mined (and currently being re-opened) in the Schefferville camp; also potential for taconite.  Astray: potential for large resources of taconite as well as DSO comprised of high- grade specularite-rich DSO similar to Sawyer lake.  Menihek: target is large tonnage magnetite- rich taconite similar in structure and geological setting as the large Labmag/Kemag deposits to the north.  Grenville: targets are polydeformed, recrystallized magnetite-specularite taconite akin to the deposits mined by IOCC at Carol Lake.Century Iron Mines Corporation 30
  31. 31. Transportation – Iron Projects in Labrador • QNS&L (Common Carrier) runsTrough 573km from Schefferville to Sept- Adriana Iles (WISCO) Full Moon Sunny Lake • Attikamagen to Schefferville: 15km (from the closest point) Attikamagen Joyce Lake: DSO • Joyce Lake targets 3-5Mtpa DSO Schefferville Altius • Using existing Railroad Projects infrastructures: QNS&L , TSR Ross Bay • Rainy Lake (Full Moon) targets Junction Labrador City 20Mtpa+ • New Railroad required • Partnership, Producers Mont-Wright Government and Aboriginal Sept-Iles Pointe-Noire Port-Cartier Railway Distance: Schefferville to Ross Bay Junction: 217 km Ross Bay Junction to Sept-Iles: 356 km Labrador City to Ross Bay Jct: 58 km 0 50 100 km Mont-Wright to Port Cartier: 400 kmCentury Iron Mines Corporation 31
  32. 32. Port of Sept-Iles: 50Mtpa Expansion  Largest iron ore exporting port in Canada - 25.1Mt in 2010 compared to 19.2Mt in 2009  Port Zone consists of a 10 km sheltered port zone, with a natural ocean basin for ships up IOC Port to 400,000 dwt Multi user Berth By Port of Sept Iles  Main port is over 23.2 m in depth  Accommodates Capesize or Alumina larger vessels Plant  Fully equipped, can be operated year-round  50Mtpa expansion plan on $220M to be completed in 2014 • Natural shelters, deep water for & supported by federal year round access by iron ore 0 500 m ships government for $55M & miners • Ability to expand as required for over $100M commitmentsCentury Iron Mines Corporation 32
  33. 33. Investment Attractions Very high potential upside value underpinning high EV/t & DCF valuations – Successful management track records: mining & capital markets – Capital structure & access supporting capital intensive iron ore projects – Multi-billion tonne resources with infrastructure – Production cash flow + substantial growth – Equity enhancing leverage in place – Potential consolidation Essential strategic alignment & alliance between Canadian iron ore resource & China – Strategic partners’ interest (corp & JV) – Over 60% off take sold to China Canadian management & capital structure with significant Chinese interest – Good traction for its currency to peer group (Altius) and market in general – Best of both worlds: Canadian image with Chinese support
  34. 34. Solid Fundamentals Principal Management & Technical Competence  Successful business builders and value creators  Successful mine developers and operators  Successful capital market expertise & following Advanced Exploration and Development Funding  Fully funded beyond BFS for most advanced project  Fully funded to build out additional resources Production Capital and Financing  WISCO/MinMetals strategic partnership  Successful capital market fundraising Captive End-user in Largest Market  60-70% off take in place from Strategic Partners & bankerCentury Iron Mines Corporation 34
  35. 35. Contact Information Century Iron Mines Corp. Bob Leshchyshen VP, Corporate Development and IR (416) 977-3188 Ext. 109 bob.leshchyshen@centuryiron.com CHF Investor Relations Robin Cook Senior Account Manager (416) 868-1079 Ext. 228 robin@chfir.comCentury Iron Mines Corporation 35

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