century global commodities corporation iron ore revival

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1 Century Global Commodities Corporation Iron Ore Revival March 2017 www.centuryglobal.ca

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Century Global Commodities CorporationIron Ore RevivalMarch 2017

www.centuryglobal.ca

M a r c h 2 0 1 7 2

CNT Financial Position & Structure

Financial Highlights – December 31, 2016 (C$ M)

Cash 20.0

Marketable Securities 0.5

Accounts Receivable & Other Assets 11.4

Total Corporate Working Capital 30.8

Capital Structure – March 1, 2017

Shares Outstanding 98,485,071

Fully Diluted 110,647,571

Market Capitalization $34.47M

Share Structure

Directors & Officers Shareholdings 49.2%

Baowu (23.6%) and Minmetals (4.7%) 28.3%

Public Shareholders 22.5%

M a r c h 2 0 1 7 3

Iron Ore Revival - ~ 100% Price Gain 2016

CNT: Century Global Commodities Corp. ADV: Alderon Iron Ore Corp. CIA: Champion Iron Ltd.

2016 2017

*

*62% Fe CFR China

M a r c h 2 0 1 7 4

New low-cost capacities built: a new

effective oligopoly supporting price

Big newcomers (e.g. FMG) & majors’ expansions

disrupted supply discipline & pricing power

289 Mtpa

158 Mtpa

350 Mtpa

54 Mtpa

434 Mtpa

$33$37

$62$80

$168 $168

$129$135

$97

$56

$59$73

$57 $58

$60

$50 LT

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017e 2018e 2019e 2020e 2021e

Avg

Year

ly U

S$ /

ton

ne

@6

2%

Fe

CFR

Ch

ina

(FO

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Seaborne China' import BHP FMG Rio Tinto Roy Hill Vale Iron ore price Fe 62%

?

?JP Morgan Forecast

Source: JP Morgan, RBC, CRU, World Steel Association, Century

Decades-old oligopoly functioned well with price surging on China’s rapid demand growth attracting

new mines

Oligopoly Return Improves Outlook

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Big 4 Expansion and Lower $/t

China's Iron Ore Supply CFR Costs

Conceptual: additional producers at higher CFR price

Source: Metalytics 26 May 2016, FMG, Wood Mackenzie, Century

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Active Government Support

Quebec has allocated ~$300M to:

• Operating DSO mine

Support of existing mine

• Re-start of iron ore mine

Temporarily idled

• Sept-Iles Infrastructure facility

Increases available capacity

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Mineral Resource EstimatesPhase I Next Phases

Joyce Lake

Black Bird

HayotLake

Full Moon

Duncan Lake

Total

DSO DSO Taconite Taconite Magnetite

Measured & Indicated

1,2 24.3 Mt3

1.6 Mt — 7.3 Bt 1.1 Bt 8.4 Bt

Inferred1,2

0.8 Mt 8.6 Mt 1.7 Bt 8.7 Bt 0.6 Bt 11.0 Bt

Status Feasibility NI43-101 NI43-101 PEA PEA

NPV 8% (C$) $130.8M — — $5.8B $4.1B $10.0B1.Represents 100% basis at the project level2.As per NI 43-101 technical reports filed on SEDAR3.Inclusive of Proven & Probable resources of 17.7 Mt

CNT – Strong Portfolio

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Joyce - 20 Months Construction

• Bankable Feasibility complete - April 2015

• Key advantages:

- 60% Fe Direct shipping ore - dry crush/screen

- 20 month construction period

- Rail and port infrastructure in place

- EIS study complete

- Modest Capex - C$260M

- Likely next to production in Lab Trough

- Feasibility price US$95/t*

- 18.7% IRR (pre-tax)

• In viable range at current price and US$/C$ FX

* 62% Fe CFR China

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Joyce Lake DSO KPI’s

Mining and Costs

Mining Type Open Pit

LoM Average Production 2.5 Mt DSO/year

Strip Ratio 4.09

Life of Mine (LoM) 7 years

Capex C$259.6MOpex C$58/dmt (FOB Sept-Iles)

Shipping US$15/wmt to ChinaSelling and Financial Evaluation

Price Assumptions US$95/dmt, 62% Fe, CFR China

NPV (pre-tax) C$140M @ 8%

IRR (pre-tax) 18.5%

IRR (post-tax) 13.7%

Resource and Reserves

P+P Reserve 17.7 Mt

P+P Reserve Grade 59.7% Fe

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Joyce Lake DSO Development Plan

• Permitting and capex/opex optimization (12 months)

• Raise funding (C$260M)

• Construction (20 months)

Working with our Fortune Global 500 Chinese SOE Partners:

Milestones:

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CNT Poised for Growth

• Strong balance sheet - C$31M available working capital

• First phase DSO project - feasibility complete

• Next phases - world class projects (C$10B NPV)

• Fortune Global 500 partners:

Baowu Steel Group (world’s #2 steelmaker) at equity/project level

Minmetals (one of world’s largest miners) at equity level

• Attractive stock price

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Century Global Commodities Corporation

Please visit us at PDAC 2017 - Booth 2136

Contact Information

Century Global Commodities Corp. (TSX:CNT)Address: 200 University Ave. Suite 1301

Toronto, Ontario, Canada M5H3C6Web: www.centuryglobal.caEmail: [email protected]: 416-977-3188Fax: 416-977-8002

Cautionary Note on Forward-Looking StatementsThis Fact Sheet is for information purposes only. Nostatement or expression of opinion, directly orindirectly, is an offer, solicitation or recommendationto buy or sell any security mentioned. Investors shouldconsult an investment advisor prior to making anyinvestment decisions. See Century GlobalCommodities Corporation’s cautionary statement onforward looking information on our website athttp://centuryglobal.ca/legal-page/