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Gaoual Beyla-N'Zérékoré Faranah

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Welcome to Guinea Iron Ore Limited.

The Company holds 100% interest in three iron ore properties in Guinea, West Africa. The portfolio includes the Gaoual project where the Government of Guinea recognizes a 3-5 billion tonne iron deposit potential. Two additional green-fields exploration blocks; Beyla-N'Zérékoré and Faranah make up a large land package of approximately 1,900 sq. km.

Iron Ore (Definition):
A rock from which metallic iron is extracted. The ores of iron are mainly oxides of hematite (Fe₂O₃) and magnetite (Fe₃O₄). When the concentration exceeds 60% iron then the ore is referred to as direct shipping ore or DSO. At Gaoual the iron is predominately hematite whereas the iron at Faranah and Beyla-N'Zérékoré is magnetite."

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Guinea Iron Ore Limited Corporate Presentation, 2012
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Guinea Iron Ore Limited Executive Summary, 2012
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Guinée: Synthèse, 2012

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Scott Young - V.P. Business Development
Guinea Iron Ore Limited 130 Adelaide Street West Toronto, Ontario, M5H 3P5
705-888-2756

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Important iron ore developments in Guinea include:

Rio Tinto's (38.5%), Chinalco's (26.85%) and the Government of Guinea's (35%) Simandou Project has a resource of approximately 8 billion tonnes grading 65 Fe%. The local operational vehicle is Simfer SA. Rio's shareholding was purchased for $700 million. Chinalco's shareholding was purchased for $1.35 billion. Project capital is expected to reach $19 billion.
Vale's (33.5%), BSGR's (31.5%) and Government of Guinea's (35%) Simandou Project (Zogota Mine) Vale's shareholding was purchased for $2.5 billion.
Bellzone's Kalia Project has a resource of 6.16 billion tonnes grading 21.8 Fe%. The Chinese Investment Fund owns 50% of the project and holds a 100% offtake agreement. CIF will fund up to $2.7 billion for infrastructure development.
BHP Billiton's Nimba Project has a resource estimated to be greater than 1 billion tonnes grading 65 Fe%. Project capital is expected to exceed $2 billion.