Baffinland’s Mary River Project (image: 2012 temporary camp)

Baffinland: owned 50% by ArcelorMittal and 50% by Nunavut Iron Ore (NIO)

Year-round presence at Milne Port Site…

…and Mary River Mine site

Located in Qikiqtani Region, Nunavut on Baffin Island

Project consists of nine plus high-grade lump and fine iron ore deposits…

...that can be mined, crushed and screened into saleable products (no tailings)

IIBA signed on September 6, 2012

Site activity commenced in May, 2013

Currently 300+ people at Mary River and Port site

All materials brought in by Sealift:

Extensive ongoing environmental monitoring and data collection

Mining production starts in Q3 of this year!

First ore shipment to occur in 2015 open water season