CORPORATE PRESENTATION

Transcription

1 CORPORATE PRESENTATION December

2 FORWARD-LOOKING STATEMENTS Certain information contained herein regarding Cartier Iron Corporation, including management s assessment of future plans and operations, may constitute forward-looking statements under applicable securities law and necessarily involve risks, including but not limited to risks associated with mining exploration, operating costs, production costs, volatility of share prices, currency fluctuations, imprecision of resource and reserve estimates, environmental risks and ability to access sufficient capital from internal and externalsources. As a consequence, actual results may differ materially from those anticipated in any forward-looking statements. Plans, intentions or expectations disclosed in any forward-looking statements or information should not be read as guarantees of future results or events, and will not necessarily be accurate indications of whether or when or by which such results or events will beachieved. Except as required by law, Cartier Iron Corporation, expressly disclaims any intention andundertakes no obligation to update any forward looking statements or information as conditions change. The historical mineral resources mentioned are strictly non-compliant to National Instrument mineral resource and mineral reserve standards, and should therefore not be relied upon. A qualified person has not done sufficient work to upgrade or classify the historical mineral resources as current National Instrument compliant. 2

3 CARTIER IRON CAPITAL STRUCTURE SHARE DATA as of December 13, 2018 CSE: CFE WKN:A1KB3F Total Shares Issued and Outstanding 57.5 M Options (3.2 M), Warrants (12.8M) Outstanding 16.0 M Fully Diluted (including 2.0 M for Big Easy) 75.0 M Price (Dec. 13, 2018) $0.09 Market Capitalization (Dec. 13, 2018) Significant Shareholder (Champion Iron Limited 25.7% holding in Cartier Iron) $5.8 M 14.6 M 3

4 EXPERIENCED MANAGEMENT TEAM OVER 100 YEARS of combined technical and financial experience in exploration and mining projects MANAGEMENT TEAM THOMAS G. LARSEN Chief Executive Officer JORGE ESTEPA V.P., Secretary Treasurer MILES NAGAMATSU, CA Chief Financial Officer BOARD OF DIRECTORS THOMAS G. LARSEN MICHEL G. GAGNON, ICD.D GARY LAWLER, LLB, LLM (Hons), ASIA HARRY BURGESS, P.Eng. FRANCIS SAUVE ALEXANDER S. HORVATH, P.Eng. TECHNICAL TEAM Dr. BILL PEARSON, P.Geo. Chief TechnicalAdvisor JEFF BURKE, P.Geo. Exploration Manager Big Easy Project 4

5 WHY INVEST in Cartier Iron Corporation BIG EASY PROPERTY GOLD 1 EXPLORATION Opportunity to earn into a 100% ownership interest in the BigEasy goldproject 2 PROSPECTIVE GEOLOGY Northern extension of the 275 km-long Burin Peninsula, an extensive belt of epithermal gold-silvermineralization Geological setting has similaritiesto Haile Mine in South Carolina OPPORTUNITY GAGNON HOLDINGS IRON ORE 1 IDEAL LOCATION Proximal to several iron oremines Favourable tax environment, politicallystable The Trough hosts over 1,500 km ofiron formation source of Canada s ironore 2 EXCELLENT INFRASTRUCTURE Connection to low-costpower Proximally located to rail andport infrastructure 3 PLANNED PROGRAM Winter 2018 Induced Polarization/ Resistivity Survey outlined a 4 km long chargeability anomaly. Drilling is in progress to test the major anomalies 3 HIGH-QUALITY PRODUCT 64.2% 66.6% FeT with <4.5% SiO 2 Low deleterious elementcontent Coarse-grained Easy toprocess 5

6 BIG EASY PROPERTY Newfoundland Island of Newfoundland East Coast 2 hours from St. John s 20 minutes from Clarenville 5 km off Trans-Canada Highway road-accessible Power line at northern end of the Big Easy zone 6

7 CLAIM MAP N New Claims BIG EASY 2018 IP/Res Survey Planned IP/ Res Extension 23.5 km ET ZONE Big Easy property consists of 369 mining claims covering 92.3 km 2 Cartier Iron can earn a 100% interest in the original claim block by expending $2.5 M and issuing 2.5 M shares over 3 years Property subject to 3% NSR with potential to buyback 1.5% LEGEND Original Claim Block New West Claim Block 1,500m 7

8 REGIONAL GEOLOGY Avalon Zone Haile Mine Recently in production at 150 k to 170 k oz Au per year P&P reserves 58.2 Mt at 1.85 g Au/t 3,460,000 ozau Source: Oceana Gold Corp. Hope Brook Mine Production ,163 oz Au NI Mineral Resource Indicated: 5,500,000 t at 4.77 gau/t 844,000 ozau Inferred: 836,000 t at 4.11 gau/t 110,000 ozau Source: First Mining Finance 8

9 REGIONAL GEOLOGICAL SETTING Northern extension of the 275 km-long Burin Peninsula epithermal gold belt Mineralization hosted in silicified epiclastic units near faults Recognition as a Significant Au/Ag District Discovery Big Easy by Jim Harris & Phil Saunders following up 10 ppb Au lake sediment anomaly in Grassy Pond Exploration/drilling Big Easy by Silver Spruce/Lloyd Hillier Work by NL Geological Survey/Memorial Exploration by TerraX 40 Creek prospect Recent discoveries by Puddle Pond Resources in the LamalineArea 9

10 REGIONAL GEOLOGICAL SETTING Geological mineralization at Big Easy has similarities to the Haile Mine in South Carolina Neoproterozoic back arc basin Epiclastic sediments with some volcanic component and local flow banded rhyolites Remarkably preserved with finely banded silicia gels indicating at paleo-surface Extensive low sulphidation epithermal system with multiple mineralizing events Two major showings identified Big Easy and ET Zone, 3.5 km apart along strike 2 cm 2 cm 202.6m 7.9 gau/t gag/t 12.9m 2.0 gau/t + 17 gag/t 10

11 BIG EASY PROPERTY Model Source: Modified from Buchanan

12 BIG EASY PROPERTY System Big Easy System: Pervasive Alteration/Mineralization ColloidalSilica ETZone Ginguro Banding Bladed Textures Classic low sulphidation epithermal style gold/silver system Big Easy and ET showings 3.5 km apart Strike length of 5+ km on original property Current property covers potential 23 km strike length 12

13 BIG EASY PROPERTY Magnetics N BIG EASY M Higher Magnetic Susceptibility Rocks appear to mark volcanics within the Musgravetown Group and the contact with the Love Cove Group volcanics. Big Easy Showing parallels NNE-SSW trending magnetic unit within Musgravetown Group ET ZONE M M M A more detailed survey recentlyflown shows Big Easy is along the western edge of the magnetic high Weak magnetic response correlates with very low magnetic susceptibility of the highly silicified Big Easy core samples M 1,500m Residual Total Field Magnetics (nt) Source: Newfoundland and Labrador Geoscience Atlas 13

14 PROPERTY GEOLOGY N M 2 cm BE m Typical barren red epiclastics BIG EASY ET ZONE M M M M 1,500m Source: Newfoundland and Labrador Geoscience Atlas 14

15 BIG EASY PROPERTY Diamond Drilling Total diamond drilling of 31 holes totalling 6,497 m mainly on Big Easy Extensive mineralized zone approximately 300 to 400 m wide with prospective strike length of 5+ km and open to the north and south Significant historic drill results include: 6.05 g Au/t and 174 g Ag/t over 1.5 m (Hole BE-11-13) 7.65 g Au/t over 1.0 m (Hole BE-11-07) 0.80 g Au/t over m (Hole BE-12-10) 1.30 g Au/t over 8.7 m (HoleBE-12-12) 3.54 g Au/t and 511 g Ag/t over 2.0 m (Hole BE 16-22) 2 cm m 7.9 g Au/t gag/t Source: Newfoundland and Labrador, Department of Natural Resources, Mines Branch Assessment File Reports on the Property. 15

16 BIG EASY PROPERTY IP Chargeability OPEN Winter 2018 IPSurvey Chargeability highlights Big Easy and ET Zones in addition to New Targets across a 4 km Strike Length Chargeability anomaly is open to the north andsouth Additional IP surveysplanned for winter 2019 Mx Chargeability (n=4), 25 & 50 m dipoles mv/v BIG EASY 4+ km long chargeability anomaly marking major epithermalsystem ET ZONE OPEN 600 m 16

17 BIG EASY PROPERTY IP Chargeability Historic holes which returned gold mineralization are predominantly in core of chargeabilityanomaly Hole BE returned 1.1 gau/t over 4.2m, BE g Au/t over 0.3m and BE gAu/t over 0.2m All three holes had a number of shorter lower grade sections associated with quartz veins New Hole BE testing down plunge extension of chargeability anomaly results are pending Big Easy Chargeability 17

18 BIG EASY PROPERTY 3D View of Big Easy Chargeability WEST ANOMALY 2018 Drill program testingcentral anomaly with 4 holes results are pending West anomaly needs to be drilled in winter 18

19 OUR APPROACH GOING FORWARD If you want to find a big deposit, get into a big system Big Easy is a BIG SYSTEM. WHAT WE KNOW Major low sulphidation epithermal system with general N-S strike Significant mineralization intersected in a number of holes and is associated with major chargeability anomaly Geological setting has similarities to Haile Mine in South Carolina Big Easy is part of an extensive belt of epithermal Au-Ag mineralization that extends 275 km along Burin Peninsula WHAT WE DON T KNOW Where are the sweet spots in the system? How many generations of veining are there and what is their orientation? What are the structural controls? Area between Big Easy and ET essentially unexplored as well as potential major extension of system to south 19

20 OUR PLAN IN 2018 Step out from showing areas to understand full system especially vertically Compile all data and build 3D geological model utilizing advanced structural software NI Technical Report completed and filed on SEDAR Mineralization/alteration responds very well to IP/Res Phase I drilling in progress to test major IP/Res anomalies and better define characteristics of epithermal system Carry out further surface and down-hole IP/Res surveys in winter 2019 to refine drill targets 20

21 CARTIER IRON CORPORATION PORTFOLIO in the Labrador Trough Canadian-based iron ore explorer in the Labrador Trough, Canada s premium iron ore mining district Gagnon Holdings (141 claims/75 km 2 ) Iron-rich mineral concessions in thesouthern Labrador Trough Inferred Mineral Resource of 531 MT grading 33% FeT (Total Iron) delineated to date at the Lac Penguin Project Additional exploration target potential* at Lac Penguin Project estimated to be MT of 27-31%FeT Metallurgical tests generated high-quality, low deleterious element, low silica(<4.5%) concentrate grading % iron, from composite core samples Close proximity to hydroelectric, road, and rail-networks that connect to port facilities at Sept-Îles and Port-Cartier,on the Gulf of St.Lawrence Cartier Iron holds a 55% interest inthe Gagnon Holdings with JV partner (Champion Iron Limited subsidiary) holding remaining 45% * The exploration-target potential is not a Mineral Resource. There is insufficient work completed to estimate the quantity and grade or quality of the exploration target on the basis of geological evidence and sampling. There is no guarantee that further exploration will define additional mineral resources from any portion of the exploration target potential. 21

22 STRATEGIC SHAREHOLDER Champion Iron Mines Limited (Wholly-owned subsidiary of CHAMPION IRON LIMITED - TSX:CIA) CARTIER IRON S - JOINT VENTURE PARTNER Champion Iron Limited TSX:CIA/ASX:CIA Market Cap: C$477 million (April 12,2018) Iron production, development and exploration company focused on its flagship Bloom Lake property inquebec Owns 100% of its subsidiary ChampionIron Mines Limited (Cartier Iron s JVpartner) Bloom Lake Mine Successfully Re-Started in Q Completed equity and debt financings inoctober Champion spent C$326.7M in CAPEX upgrades to the Bloom Lake Mine andplant Decision to restart production at Bloom Lake Mine was announced Nov and operations recommenced on Feb. 16, 2018, ahead of schedule and withinbudget First shipment of Bloom Lake Mine iron ore concentrate commenced loading at the Portof Sept-Iles on March 25,2018 Acquired Past-Producing Bloom Lake Mine in April 2016 Acquired for C$9.75M in cash andassumed liabilities ofc$42.8m Held in Quebec Iron Ore Inc. ( QIO );63.2% owned by Champion and 36.8% owned by Resources Quebec Past owners invested almost US$3.0 billion on mine development and infrastructure Strong First Quarter Production Results at Bloom Lake Champion reported strong operational and financial results for quarter ended June 30, 2018 Quarterly net income of $20.7 million from $150.7 million in revenue during ramp-up phase Operating costs of $56.15 per tonne, lower than forecasted Average realized price of $86.61 per tonne on concentrate sales 22

23 LABRADOR TROUGH Canada s Premier Iron Ore Mining District Labrador Trough 1,100 km iron-rich belt that extendssouthwards from Ungava Bay, through Quebec andlabrador Iron ore mining operations active since1954 Falling prices in the mid-1980s downsizedthe regional iron oresector Improved spot prices and regional infrastructure led to a resurgence inboth Labrador andquebec The Labrador Trough currently has producing mines as well as several major projects in the advanced stages of exploration and development Champion Iron Limited s subsidiary, Quebec Iron Ore, re-started Bloom Lake Mine in Q

24 LABRADOR TROUGH Existing Rail Infrastructure Existing Rail Infrastructure Quebec North Shore & Labrador (QNS&L) Railway Common-carrier link to Sept-Îles / Pointe Noire Allocates capacity on a first-come, first-servedbasis Quebec Cartier Railway (ArcelorMittal) Built by Quebec Cartier MiningCo. Privately-owned link to Port-Cartier Bloom Lake Railway (Champion Iron Acquired) Common-carrier link from Bloom Lake Mineto QNS&Lrailway La Société Ferroviaire du Nord Québécois, Société en Commondite ( SFNQ ) SFNQ was formed as a partnership between the Government of Quebec, Champion Iron Limited andadriana Resources to manage and implement a Feasibility Study for a new Quebec Labrador Trough railline 24

25 WORLD CLASS PORT OF SEPT-ÎLES Expanding to Meet Demand Pointe Noire Expanding Sept-Îles Pointe Noire Multi-User Wharf Completed in late 2015 Phase 1: 50 Mtpy $220million Federal Government contributed $55million funding 25% of theproject Phase 2: Planning for 100Mtpy Port of Sept-Îles Rio Tinto-IOC shippingfacility Government of Quebec $68 Million acquisition of rail and port infrastructure, previously owned by Wabush Mines JV and Cliffs Resources, through Plan Nord and Investissement Quebec (Feb.2016) Pointe Noire Port-Cartier ArcelorMittal shippingfacility Previously announced a $2.1B expansion including concentrator expansion with port and rail infrastructureupgrades Located 62 km west of Sept-Îles 25

26 GAGNON HOLDINGS Iron-rich Mineral Concessions in the Gagnon Terrane Iron-rich Mineral Concessions Gagnon Holdings: 141 claims covering 75 km 2 in the southern Labrador Trough Gagnon Terrane affected by the Grenville Orogeny the iron formation has been highly deformed and coarsened by metamorphism, reducing extractionand beneficiationrequirements Structural thickening and the interference effectsof ideal bowl-shaped exploration targetat Lac Penguin Iron formation comprises quartz-specularite, specularite-hematite, magnetite-hematite, and mainly-magnetite members 26

27 LAC PENGUIN PROJECT Development EXPLORATION TO DATE Inferred Mineral Resource of 531 MTgrading 33% FeT based on 3,315 m (10 holes) thatintersected 2,580 m of iron formation(i.f.) 1,600 core-metres of rich oxide iron formationwas intersected (i.e. >15%FeT) Mostly fine to medium-grained magnetite withminor medium-grained specularite-hematite rich intervals Drilling is supported by overland accessfrom Highway 389 no helicopter supportrequired Lac Penguin hosts estimated additional MT of 27-31% FeT, based on 3D resource model and 2015 drilling Metallurgical tests generated high-quality, low deleterious element, low silica concentrate (4.5% SiO 2 ), grading 64.2% to 66.6%iron 27

28 LAC PENGUIN PROJECT Cross Section A-A Section 61800E A Looking West A 28

29 LAC PENGUIN PROJECT Cross Section B-B Section 61400E B Looking West B 29

30 MINERAL RESOURCE ESTIMATE Lac Penguin Project (Dec. 2013) GLOBAL IN-SITU MINERAL RESOURCE ESTIMATE IN-PIT MINERAL RESOURCE ESTIMATE * The quantity and grade of the reported Mineral Resources within the Project are categorized as Inferred Mineral Resources. Inferred Mineral Resources are that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from drill core. There is no guarantee that further exploration will upgrade the Inferred Mineral Resources to Indicated or Measured MineralResources. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Inferred Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevantissues. 30

31 LAC PENGUIN Metallurgical Testing Low deleterious element content from Lac Penguin concentrates are considered of premium quality by the industry High-quality, low-deleterious element concentrate, grading >65% iron reported from Lac Penguin deposit. Maximum level of 4.5% SiO 2 for the concentrate is a valuelevel imposed by Cartier Iron, guided by today s selective market requirement forthe highest quality concentrate Test results carried out by SGS Laboratories (Quebec) to date indicate that iron resources at Lac Penguin deposit most efficiently liberated by a 2-stage process following initial grinding to produce a final sinterproduct Metallurgical tests were targeted toward producing a concentrate of 66% Fe and 4.5% SiO 2 from an average sample grade of 30% Fe. Stage 1 gravimetric separation tests by Wilfley Table on 18 samples returned average grades of 64.2 to 66.6% Fe, 4.5% SiO 2 and 1.1% MgO Many of the world s largest sources of iron concentrate are problematic from a quality perspective, being relatively high in silica, phosphorous, alumina and other elementsthat are deleterious to blast furnace performance and steelquality 31

32 LAC PENGUIN 3D Modeled Resource Additional Modelled resource(tan) ( MT) 32

33 LAC PENGUIN PROJECT Proposed drill-holes (purple) to delineate additional MT of 3D-modeled iron formation 33

34 GAGNON HOLDINGS Iron-rich Mineral Concessions in the Gagnon Terrane Iron-rich Mineral Concessions Inferred Mineral Resource of 531 MTgrading 33% FeT at LacPenguin Metallurgical tests indicate a high-quality iron concentrate, very low in deleteriouselements, grading 64-66% Fe, from Lac Penguin compositesamples Over 20 km in cumulative strike-lengthof prospective iron formation defined by magnetic-response survey 7 potentially exploitable iron occurrences with historic resources, and a past-producing mine (Lac Jeannine), which produced 266 FeT from 1961 to1976 Current NI Inferred Resourcesand estimated additional resource* from the 3D deposit model, indicate potential of over 1.0BT from the Lac PenguinProject * The exploration-target potential is not a Mineral Resource. There is insufficient work completed to estimate the quantity and grade or quality of the exploration target on the basis of geological evidence and sampling. There is no guarantee that further exploration will define additional mineral resources from any portion of the exploration target potential. 34

35 WHY INVEST in Cartier Iron Corporation BIG EASY PROPERTY GOLD 1 EXPLORATION Opportunity to earn into a 100% ownership interest in the BigEasy goldproject 2 PROSPECTIVE GEOLOGY Northern extension of the 275 km-long Burin Peninsula, an extensive belt of epithermal gold-silvermineralization Geological setting has similaritiesto Haile Mine in South Carolina OPPORTUNITY GAGNON HOLDINGS IRON ORE 1 IDEAL LOCATION Proximal to several iron oremines Favourable tax environment, politicallystable The Trough hosts over 1,500 km ofiron formation source of Canada s ironore 2 EXCELLENT INFRASTRUCTURE Connection to low-costpower Proximally located to rail andport infrastructure 3 PLANNED PROGRAM Winter 2018 Induced Polarization/ Resistivity Survey outlined a 4 km long chargeability anomaly. Drilling is in progress to test the major anomalies 3 HIGH-QUALITY PRODUCT 64.2% 66.6% FeT with <4.5% SiO 2 Low deleterious elementcontent Coarse-grained Easy toprocess 35

36 CSE: CFE WKN:A1KB3F For more information, please contact Investor Relations at: Toll Free (800) Phone (416) Fax (416) TorontoOffice 20 Adelaide Street East, Suite200 Toronto, Ontario M5C2T6