FORWARD LOOKING STATEMENTS

Transcription

1 April 2014

2 FORWARD LOOKING STATEMENTS Certain information contained herein regarding Cartier Iron Corporation, including management s assessment of future plans and operations, may constitute forwardlooking 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 external sources. As a consequence, actual results may differ materially from those anticipated in any forward looking statements. Plans, intentions or expectations disclosed in any forwardlooking 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 be achieved. Except as required by law, Cartier Iron Corporation, expressly disclaims any intention and undertakes 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 Corporation Portfolio Canadian based iron ore explorer in the Labrador Trough, Canada s premium iron ore mining district Gagnon Holdings (344 km 2 ) 5 iron rich mineral concessions in the southern Labrador Trough Initial Inferred Mineral Resource of 531 MT grading 33% FeT (Total Iron) announced on Dec. 19, 2013 for the Penguin Lake Deposit Additional exploration target potential at Penguin Lake estimated to be in excess of a further 800 MT of similar grade Historical mineral resources* of % FeT (Penguin Lake Inferred resource increased historical resource over ten fold) 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 can earn a 65% interest in 3 years or less Borel River Property (44.6 km 2 ) 108 contiguous claims near the western shores of Ungava Bay in northern Quebec Underlain by approximately 20 km of a north south trending iron formation between the Morgan Lake and Hopes Advance property holdings of Oceanic Iron Ore Corp Close proximity to Oceanic s Ungava Bay Iron Projects, one of which hosts 1.36 Billion 32.2% FeT (Hopes Bay Advance Project source: Cartier Iron holds a 100% interest in this property *The Mineral Resources referred to are strictly historical in nature and are non compliant to NI Mineral Resources and Mineral Reserves standards, and should therefore not be relied upon. A Qualified Person has not done sufficient work to upgrade or classify these historical Mineral Resources as current NI compliant. 3

4 Capital Structure Share Data as of March 31, 2014 Total Shares Issued and Outstanding 19,332,320 Share Market Capitalization (based on $0.19 share price, Mar. 31) Management/Insiders Ownership 32.8% C$3.7 million Total Shares Fully Diluted 20,882, Week High / Low $0.275 $0.05 CNSX: CFE WKN: A1KB3F 4

5 Experienced Management Team Over 100 years of combined technical and financial experience in exploration and mining projects Board of Directors Miles Nagamatsu, CA Director John Langton, M.Sc., P. Geo. Director Alexander Horvath, P. Eng Director Management Team John Langton, M.Sc., P. Geo. President Miles Nagamatsu, CA Chief Financial Officer Jorge Estepa V.P., Secretary Treasurer Marcus Moser Director CNSX: CFE WKN: A1KB3F 5

6 Why Invest in Cartier Iron Corporation? High Quality Product Iron ore from the Labrador Trough is highly desirable to world markets: low deleterious element content, coarse grained, and easy to process Existing Infrastructure Access to low cost power; nearby rail and port infrastructure Ideal Location In the heart of the Labrador Trough, which hosts over 1500 km of iron formation, the source of Canada s iron ore. In close proximity to several iron ore mines; favourable tax environment; politically stable Strong Management Experienced exploration and development team 6

7 Why Invest in Cartier Iron Corporation? Favourable Operating Environment Established iron ore mining district Favourable tax environment (40% tax rebate on exploration expenditures) Quebec s Plan Nord: $80 billion over the next 25 years in northern Quebec for various projects including infrastructure projects Skilled labour work force Cartier Iron s Competitive Advantage Gagnon Holdings (649 claims) overlie 344 km 2 in the Gagnon Terrane of the southern Labrador Trough Penguin Lake Project Initial Inferred Mineral Resource of 531 MT grading 33% Total Iron announced Dec. 19, 2013 Additional exploration target potential at Penguin Lake estimated to be in excess of a further 800 MT of similar grade to Initial Inferred Mineral Resource Cartier Iron s properties are underlain by over 100 km, in aggregate strike length, of Sokoman (iron) Formation: (20 km at Borel River Property, 80 km at Gagnon Holdings) Gagnon Holdings feature 9 partially delineated iron occurrences with historic resources and a past producing mine (Lac Jeannine) Access to low cost power and close to rail and port infrastructure Strategic shareholder, Champion Iron Mines Limited (wholly owned subsidiary of Champion Iron Limited (TSX: CIA) (ASX: CIA) 7

8 Strategic Shareholder, Champion Iron Mines Limited (Wholly owned subsidiary of CHAMPION IRON LIMITED TSX:CIA) Gagnon Holdings Cartier Iron has been granted an option (December 2012) to earn a 65% interest in the Gagnon Holdings Cartier Iron can earn a 65% interest in the Gagnon Holdings at its option by expending $6 million in staged exploration and development work expenditures on the properties, making cash payments to CHM totalling $1 million (of which $100,000 has been paid), and issuing 2.5 million shares to CHM (of which 1 million shares have been issued) all over a 4 year period Champion Iron Mines Limited (Wholly owned subsidiary of CHAMPION IRON LIMITED TSX:CIA) Champion Iron Mines is an advanced iron ore exploration and development company with projects located within the Labrador Trough 5.3 billion tonnes of NI compliant Mineral Resource Estimates of iron ore (908 MT of Measured + Indicated & 4,420 MT of Inferred Mineral Resources) Flagship Consolidated Fire Lake North (CFLN): Feb Preliminary Feasibility Study demonstrates a NPV of $3.295 billion using an 8% discount rate and a 30.9% IRR based on an initial mine life of 20 years averaging 9.3 Mtpa Champion Iron Limited completed its previously announced business combination on March 31, 2014 and trades on both the TSX and Australian Securities Exchange (ASX) marketplaces 8

9 Gagnon Holdings Global In situ Mineral Resource Estimate, Penguin Lake Project In Pit Mineral Resource Estimate, Penguin Lake Project * 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 Mineral Resources. 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 relevant issues.

10 Gagnon Holdings Historic Mineral Resources/Reserves* Property Deposit Name MRNF Deposit # MRNF Deposit Reserves Total Historic Reserves on Property Reference and Resource Aubertin Tougard none Thémines 4 23C/ none GM11284: no reserves Aubrey Ernie Aubrey Lake 23C/ % Fe GM13035: 3 30% Fe % Fe Heart Lake 23C/ % Fe GM13035: 3 30% Fe (GM13035) East Inlet 23C/ % Fe GM13035: 7 30% Fe (GM13035) Black Dan Black Dan Lake 23C/ % Fe % Fe GM13035: % Fe (GM13035) Jeannine Lake Jeannine Lake 22N/ Production % Fe closed mine RG178 Penguin Lake (1) Penguin Lake 23C/ Zone 1: % Fe Zone 2: % Fe % Fe GM13035, GM12096 Zone 1 = 46 30% Fe; Zone 2 = % Fe Athol Lake North 220/ % Fe (x 50%) GM13035: % Fe Silicate Brutus Silicate Lake West 220/ % Fe (x 50%) % Fe** GM 12097: % Fe Silicate Lake East 220/ % Fe (x 50%) GM 13035: % Fe Three Big Lakes 3 Big Lakes 23C/ % Fe % Fe GM07744: % Fe Total Historic Mineral Resources/Reserves*: % Fe (1) Initial In Pit Inferred Mineral Resource of 531 Million Tonnes grading 33.1% Total Iron announced by Cartier Dec. 19, This represents an over ten fold increase from the historical resource. *The Mineral Resources referred to are strictly historical in nature and are non compliant to NI Mineral Resources and Mineral Reserves standards, and should therefore not be relied upon. A Qualified Person has not done sufficient work to upgrade or classify these historical Mineral Resources as current NI compliant. **Total Historic Reserves at Silicate Brutus amount to % Fe; however, 50% of the reserves lie outside the current Silicate Brutus Property boundary 10

11 Existing Rail Infrastructure Quebec North Shore & Labrador (QNS&L) Railway: Common carrier link to Sept Îles and Pointe Noire Allocates capacity on a first come, first served basis Cartier Railway (ArcelorMittal): Built by Quebec Cartier Mining Co. Privately owned link to Port Cartier Bloom Lake Railway (Cliffs Resources): Common carrier link from Bloom Lake Mine to QNS&L railway Champion Iron Mines Railway (Proposed): Multi user, common carrier: study pending 11

12 Labrador Trough Canada s Premier Iron Ore Mining District The Labrador Trough: 1100 km trough that extends southeast from Ungava Bay through Quebec and Labrador Iron ore mining operations dating back to 1954 Falling prices in the mid 1980 s downsized the regional iron ore sector Improved spot prices and regional infrastructure has led to a resurgence in both Labrador and Quebec 2011 $1 in every $20 spent in Quebec and Labrador was in the iron mining sector The Labrador Trough currently has four producing mines at various stages of expansion as well as several major projects in the advanced stages of exploration and development 11

13 World Class Port of Sept Îles Expanding to Meet Demand Pointe Noire Multi User Wharf: Scheduled for completion in 2014 Phase 1: 50 Mtpy $220 million Federal Government announced $55 million funding or 25% of project Phase 2: Planning for 100 Mtpy Port of Sept Îles: Sept-Iles Pointe Noire RTZ IOC shipping facility Port Cartier: ArcelorMittal shipping facility $2.1B expansion is underway and will include concentrator expansion with port and rail infrastructure upgrades Located 62 km west of Sept Îles China Max ship capacity 300kt Courtesy of the Port de Sept Îles 13

14 Gagnon Holdings 5 Iron rich Mineral Concessions in the Southern Domain Gagnon Holdings: 5 properties (649 claims) covering 344 km 2 in the southern Labrador Trough Gagnon Terrane affected by Grenville Orogeny the iron formation has been highly deformed, and metamorphosed (recrystallized) to coarser grain size Increased grain size makes extraction and beneficiation easier; deformation has generated complicated, 3 phase, structural interference patterns Iron formation comprises quartzspecularite, specularite hematite, magnetite hematite, and mainlymagnetite *The Mineral Resources referred to are strictly historical in nature and are non compliant to NI Mineral Resources and Mineral Reserves standards, and should therefore not be relied upon. A Qualified Person has not done sufficient work to upgrade or classify these historical Mineral Resources as current NI compliant. **Total Historic Reserves at Silicate Brutus amount to % Fe; however, 50% of the reserves lie outside the current Property boundary 14

15 Gagnon Holdings 5 Iron rich Mineral Concessions in the Southern Domain Inferred Mineral Resource of 531 MT grading 33% FeT at Penguin Lake Over 80 km of cumulative strike length of prospective iron formation (I.F.) defined by magnetic response survey I.F. typically presents as elongated synclinal keels of Knob Lake Group in basement gneiss 9 iron occurrences with historic resources, and a past producing mine (Lac Jeannine), which produced % FeT from 1961 to 1976 Volumetric estimates*, calculated to 250 m depth, indicate potential of over 1.0 Bt from Penguin Lake Project, 300 Mt from Black Dan Project Background is 2 nd vertical derivative magnetic response from Champion Iron Mines airborne geophysical survey, flown by Fugro in *Usezerocontourof2 nd vertical derivative magnetic response anomaly (2VDA) determine the surface area of the iron formation (I.F.). Multiple by 1/3 to obtain true width of I.F. Multiply by strike length of 2VDA; multiply by density of I.F. (3.3 tons/m 3 ). This provides volumetric to 1 metre depth. Multiply by desired depth to obtain final volumetric estimate. Volumetric calculations are based on non unique data and represent only one possible model, and should therefore not be relied upon as resource or reserve estimates. 15

16 Development: Penguin Lake Project Phase I Exploration Campaign Initial Inferred Mineral Resource of 531 MT grading 33% FeT announced Dec. 2013; Initial Mineral Resource based on only 10 drill holes totalling 3315 total metres; 2580 m of Iron Formation (I.F.); 1600 m of rich (oxide) I.F. (>15% Fe) Mostly fine to medium grained magnetite with minor medium grained specularite and silicate rich intervals. Drilling is supported by overland access off Highway 389 no helicopter support required Interpreted 3D model of iron formation includes an additional MT of similar grade at Penguin Lake (only the southern portion of the deposit has been drilled to date) 16

17 Penguin Lake Project Composite* Assay Results from Phase I Drilling; Penguin Lake Project Hole # Hole Length (m) Azimeth (True) Dip From (m) To (m) Interval** (m) FeT*** (%) Composite Interval PL13 01 PL13 02 PL13 03 PL13 04 PL % FeT % FeT % FeT % FeT % FeT % FeT % FeT % FeT % FeT %FeT % FeT PL % FeT % FeT PL13 07 PL13 08 PL m@ 29.0% FeT % FeT % FeT % FeT % FeT % FeT PL % FeT Overall: % FeT * The Select Composites are not necessarily representative of the average grade or thickness of the mineral zones or potential resource. ** Intervals are down hole lengths and not true widths of the mineral zones. *** Grades are calculated from Total Fe% sample assays completed by ALS Chemex Laboratories using the "High Grade/Ores Method" and XRF analysis. 17

18 Penguin Lake Project 2 nd Vertical Derivative Magnetic Response, Historic and Proposed DDH s 18

19 Penguin Lake Project Cross Section A A Section 61800E 19

20 Penguin Lake Project Cross Section B B Section 61400E 20

21 Penguin Lake Project Cross Section C C Section 61000E 21

22 Black Dan Project 2 nd Vertical Derivative Magnetic Response Strong, linear magnetic response anomaly 6 km long, 300 km wide suggests synclinal keel of Sokoman (iron) Formation Weak magnetic response coincident with strong gravity anomaly near southern extent, suggests hematite rich zone Geophysical modelling suggests that the iron formation may extend to depths beyond 500 metres Volumetric calculations* to 250 m depth estimate 300 Mt from Black Dan Project In close proximity to Highway 389 and Penguin Lake Exploration Camp *Usezerocontourof2 nd vertical derivative magnetic response anomaly (2VDA) determine the surface area of the iron formation (I.F.). Multiple by 1/3 to obtain true width of I.F. Multiply by strike length of 2VDA; multiply by density of I.F. (3.3 tons/m 3 ). This provides volumetric to 1 metre depth. Multiply by desired depth to obtain final volumetric estimate. Volumetric calculations are based on non unique data and represent only one possible model, and should therefore not be relied upon as resource or reserve estimates. 22

23 Borel River Property Ungava Bay, Quebec Borel River Property (44.6 km 2 ) Acquired by Cartier Iron Corporation in June 2012 Qualifying property for Cartier Iron listing on CNSX 108 claims near the western shores of Ungava Bay in northern Quebec underlain by Sokoman (iron) Formation 23

24 Borel River Property Ungava Bay, Quebec Close proximity to Oceanic s Hopes Advance Iron Project that hosts Proven and Probable Reserves of 1.36 Billion 32.2% Total iron. 10 minutes by helicopter from Aupaluk; small community with accommodation, food services, and an airport with regularly scheduled First Air flights. 24

25 Borel River Property Ungava Bay, Quebec Underlain by approximately 20 km of iron formation unexplored and untested along its extent The iron formation at Borel River contains considerable potential for compliant iron resources 25

26 Borel River Property Ungava Bay, Quebec Airborne Geophysical Survey High resolution geophysical magnetic response survey flown in June 2012 Survey delineated a large, roughly linear 16km corridor of strong magnetic response anomalies interpreted as iron formation Central anomaly corresponds to a large, 3,000 m x 500 m ridge of exposed iron formation Geology and geophysics suggest a moderately east dipping slab 1500 m 26

27 Why Invest in Cartier Iron Corporation? Initial Inferred Mineral Resource of 531 MT grading 33% FeT at Penguin Lake Project announced Dec Additional exploration target potential at Penguin Lake estimated to be in excess of a further 800 MT of similar grade to initial Inferred Mineral Resource Excellent land position with significant historical resources Gagnon Holdings contain other drill ready highly prospective iron projects in southern Labrador Trough Early stage company offering very strong growth potential Experienced and focused management team 27

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