CANADA’S IRON ORE - rockexmining.com was instrumental in the success of the world's richest gold...

Rockex Mining Corporation 1

CANADA’S IRON ORE

INDUSTRY

2015

CSE: RXM

Rockex Mining Corporation

• The following presentation may include certain “forward-looking statements” within the meaning ofapplicable Canadian Securities Laws and the United States Private Litigation Reform Act of 1995. Allstatements, other than statements of historical fact, included in the presentation, including, withoutlimitation, statements regarding potential mineralization and reserves, exploration results, and future plansand objectives of the Company are forward-looking statements. Words such as “expect”, “anticipate”,“estimate”, “may”, “will”, “should”, “intend”, “believe” and other similar expressions are forward-lookingstatements. Forward-looking statements are not guarantees of future results and conditions but ratherreflect the Company’s current views with respect to future events and are subject to risks uncertaintiesconditions but rather reflect the Company’s current with respect to risks, uncertainties, assumptions andother factors. Actual results and future events could differ materially from those anticipated in such forward-looking statements. There can be no assurance that such forward-looking statements will prove to beaccurate.

• The 43-101 Technical Report and Mineral Resource estimate on the Western Lake St. Joseph Iron OreProject’s Eagle Island resource was completed on January 28, 2011 and prepared by Watts, Griffis andMcOuat’s Senior Geologist and VP, Michael Kociumbas, P. Geo., Senior Associate Geologist, Richard Risto, P.Geo. And Senior Associate Metallurgical Engineer, G. Ross MacFarlane, P. Eng. This report and all newsreleases pertaining drill results received since the date of the Technical Report and Resource estimate areavailable at www.sedar.com under our company’s profile.

• The historical resource estimate for total tonnage, soluble iron and total iron for the Fish Island, Doran Lakeand Soule’s Bay East properties is based on data and reports prepared by previous operators andinformation provided by government ministries. The historic estimates pre-date NI 43-101. A qualified person(within the meaning of NI 43-101) has not yet completed sufficient work to classify the historical estimate ascurrent mineral resources or mineral reserves. The Company is not treating the estimate as a current mineralresource and the historical estimate should not be relied upon. The property will require additionalexploration which the Company and its consultants intend to carry out in due course.

2CSE: RXM

http://www.sedar.com/


• Rockex Mining Corporation is a public company focused on the

development of high value Iron Ore deposits in northwestern Ontario -

enabling maximum value to the shareholder.

• The company is listed on the Canadian Securities Exchange. CSE:RXM

• Rockex has corporate offices in Thunder Bay.

• The collective Management Team and Board of Directors have broad

industry expertise's and experience.

• Key personnel and the primary shareholder reside in NWO.

• The Company is committed to sustainable and respectful development

practices.

CSE: RXM

Rockex Mining Corporation 4CSE: RXM

Armando Plastino - President & CEO

Armando Plastino recently retired as the Chief Executive Officer of Essar Global's Canadian subsidiary, Essar Steel Algoma Inc.in Sault Ste Marie, Ontario, after a career spanning nearly 39 years. Mr. Plastino was Chief Executive Officer of Essar SteelAlgoma Inc. from April 2009 until his retirement in April 2011. Previously, he was Chief Operating Officer (from April 2008 untilApril 2009) and Vice President Operations (from March 2001 until April 2008). Mr. Plastino is also the Chair of the Board ofGovernors of Algoma University in Sault Ste. Marie. He is a 1972 electrical engineering technology graduate of RyersonUniversity in Toronto, Ontario.

DIRECTOR Sam Garofalo, H.B. Comm.,CPA, CA, CMA – CFO & VP of Finance

Sam Garofalo is a director and the Vice-President, Finance and Chief Financial Officer for Rockex Mining Corporation (amineral exploration company whose shares were listed on the TSX and currently on the CSE and a former Vice-President,Finance and Chief Financial Officer for Metalcorp Limited (a mineral exploration company whose shares are listed on theTSXV). Currently Mr. Garofalo is a member of the board of directors of Xmet Inc. (a mineral exploration company whoseshares are listed on the TSXV). Mr. Garofalo holds an H.B. Comm from Lakehead University in Thunder Bay, Ontario. Mr.Garofalo had been a professor of accounting at Confederation College in Thunder Bay from 1982 to 2012. He holds thedesignation of Chartered Accountant from the Institute of Chartered Accountants of Ontario which has been subsequentlyconverted into a CPA designation and the designation of Certified Management Accountant from the Institute of CertifiedManagement Accountants of Ontario. Mr. Garofalo worked as an auditor with Ernst and Young LLP and has over 25 years ofexperience as CFO for several private companies.

Gilles Filion - Director & Technical advisor

Gilles Filion is a well respected and well known professional geologist with over 25 years of global experience in the mineralresource sector. Until recently, Mr. Filion was Vice President of Exploration for Goldcorp Inc. He was an essential team memberthat was instrumental in the success of the world's richest gold mine, the Red Lake Mine. Mr. Filion holds a B.Sc. degree fromEcole Ploytechnique in Montreal (1979).


PRESIDENT & CEO Armando Plastino

Armando Plastino recently retired as the Chief Executive Officer of Essar Global's Canadian subsidiary, Essar Steel Algoma Inc. in Sault Ste Marie, Ontario, after

a career spanning nearly 39 years. Mr. Plastino was Chief Executive Officer of Essar Steel Algoma Inc. from April 2009 until his retirement in April 2011.

Previously, he was Chief Operating Officer (from April 2008 until April 2009) and Vice President Operations (from March 2001 until April 2008). Mr. Plastino is

also the Chair of the Board of Governors of Algoma University in Sault Ste. Marie. He is a 1972 electrical engineering technology graduate of Ryerson

University in Toronto, Ontario.

CHAIRMAN Pierre Gagne

Mr. Gagne is an owner of a heavy civil construction company located in Thunder Bay, Ontario. Mr. Gagne has over twenty years experience in mining and

mineral exploration specializing in design/execution of custom civil and mining projects. Mr. Gagne also serves on the board of MetalCORP Limited.

Sam Garofalo H.B. Comm.,CPA, CA, CMA

Sam Garofalo is a director and the Vice-President, Finance and Chief Financial Officer for Rockex Mining Corporation (a mineral exploration company whose

shares were listed on the TSX and currently on the CSE and a former Vice-President, Finance and Chief Financial Officer for Metalcorp Limited (a mineral

exploration company whose shares are listed on the TSXV). Currently Mr. Garofalo is a member of the board of directors of Xmet Inc. (a mineral exploration

company whose shares are listed on the TSXV). Mr. Garofalo holds an H.B. Comm from Lakehead University in Thunder Bay, Ontario. Mr. Garofalo had been a

professor of accounting at Confederation College in Thunder Bay from 1982 to 2012. He holds the designation of Chartered Accountant from the Institute of

Chartered Accountants of Ontario which has been subsequently converted into a CPA designation and the designation of Certified Management Accountant

from the Institute of Certified Management Accountants of Ontario. Mr. Garofalo worked as an auditor with Ernst and Young LLP and has over 25 years of

experience as CFO for several private companies.

Jon M. Tondeur, P. Eng.

Mr. Tondeur graduated from the School of Engineering at the University of Guelph in 1985. Until recently, Mr. Tondeur was a senior partner with Stevenson &

Hunt Insurance, and was a driving force in growing the firm into one of Canada’s largest insurance brokerages. Mr. Tondeur's clientele and area of expertise is

primarily in the construction sector, whereby he manages the bonding and insurance requirements for some of the largest contracting firms in Canada. His

business intelligence is currently focused on industry diversification and investment.

Denis Gagnon

Mr. Gagnon has over 30 years of construction experience and he is the current Chairman for North America Construction (1993) Ltd., a company that he co-

founded. (www.nacsworld.com) NAC specializes in the construction of water treatment, dams, mining, hydro electric and renewable energy projects. Mr.

Gagnon also serves as a Executive Director and Vice Chairman for the Progressive Contractors Association of Canada. Mr. Gagnon graduated from

the Construction Management program at Fanshawe College in 1980.

Gilles Filion, M.Sc. A, B.Sc. P.Eng. P.Geo.

Mr. Filion is a well respected geologist with over 25 years of global experience in the mineral resource sector. Until recently, Mr. Filion was Vice President of

Exploration for Goldcorp Inc. He was an essential team member that was instrumental in the success of the world's richest gold mine, the Red Lake Mine. Mr.

Filion holds a B.Sc. degree from Ecole Ploytechnique in Montreal (1979).


Share capitalization:

Shares Outstanding 103,642,290

Warrants 49,753,557

Options 6,425,000

Fully Diluted 159,820,847

Shareholders:

Management & directors 72%

Retail 10%

Institutional 8%

Cash & Equivalents (as at Dec 31, 2014) $114,000

52 Week Share Price Low-High $0.02-$0.115


• Rockex has four 100% owned Iron Ore properties in Northwestern

Ontario, including its flagship Eagle Island deposit on its Lake St. Joseph

property.

• Eagle Island has a NI 43-101 compliant resource of 1,287,000,000

indicated tonnes and 103,000,000 inferred tonnes grading 29% iron, with

additional historical tonnage.

• In 1975, a pilot plant test was conducted on Eagle Island which

demonstrated an iron concentrate of 65-67% with recoveries of 85%

(non NI43-101 compliant).

• A Preliminary Economic Assessment on Eagle Island was completed in

Q3 2013.

• The combination of the location of the Eagle Island deposit to natural

gas and the type and quality of iron, make it an ideal candidate for Hot

Briquetted Iron (“HBI”), a value added product.


• The Eagle Island project is approx. 2,592 hectares andincludes 13 contiguous claims.

• The Project is located 100 km NE of Sioux Lookout, and is currently accessed via a logging road, (Vermilion River Rd.) that exits Highway 516, about 30 km northeast of Sioux Lookout.

• The drive from Sioux Lookout to the camp takes approx. 2.5 hours.


• Exploration on the Eagle Island Project commenced in 1920.

• The Project has changed ownership 6 times from inception, with Rockex

being the final interest holder since May 2008.

• Activities conducted since the 1920’s to present:

Diamond Drilling

Surface Trenching

Magnetic Surveys

Bulk Sample

Pilot Test Plant (late 1970’s)

• The most recent activity conducted in connection with the Project is the

completion of a Preliminary Economic Assessment (2013).


16 drill holes totaling more than 8,000 meters of diamond drilling

CSE: RXM


Fish Island

Eagle Island

Results clearly show magnetic structure on both islands is connected

CSE: RXM


Significant 43-101 complaint tonnage is hosted in an folded

iron formation with the potential for a large Open Pit Mining

Operation.

The Eagle Island Resource is:• Over 2.0 km long• 900 m wide at surface• 400 m pit depth• Deposit remains open at depth

Significant potential to expand resource as substantial iron mineralization outside of 43-101 resource zone


• 50 kilometres from power line.

• 80 kilometres north of CNR transcontinental railway.

• 115 kilometres from Trans- Canada main gas line.

• 300 kilometres to Lake Superior with 10 months of shipping via Great

Lakes.

• In proximity to an abundant supply of low cost natural gas.

• Unrestricted access to a Thunder Bay Iron Ore Port (owned by the

Chairman of Rockex).

The above stated factors contribute favourably to the economic potential

of the Project.


The updated Resource Estimate doubles Eagle Island's Indicated Mineral

Resource.

Note: Only 7.7% of the total resources are in the Inferred category for the property and

only 1.4% of the Mineral Resources contained within the pit are in the Inferred category.

Category Tonnage (Mt) Fe (%)

Indicated 1,287 28.39

Inferred 108 31.03

Rockex Lake St. Joseph Property, Eagle Island Deposit– Summary of the Mineral Resources (Cut-Off of 10% Fe)


Business Cases:

• $ 3.9 Billion Net Present Value with a 5% discount rate

• $2.2 Billion Net Present Value with an 8% discount rate

• 20.7% Internal Rate of Return (pre-tax)

• 4.2 year pay back

• Initial Investment of $1.559 billion (not including sustaining capital)

Financial Indicator Pre-Tax After-Tax

Payback Period (years) 4.2 4.4

Net Present Value @ 8% ($ M) 2,217.2 1,533.7

Internal Rate of Return (%) 20.7 18.1


Life of Mine Average Operating Cost Estimate:

Average site operating cost of $36.63/tonne of iron concentrate.

Life of Mine Production:

6 million tonnes per year for 30 years.

Area Average Operating Cost

($/Tonne of Pellet Feed)

Mining 12.76

Concentrator Plant 18.05

Sioux Lookout Area (Infrastructure/facilities) 1.83

Railroad 0.20

General & Administrative and Site Services 3.79

Total Operating Costs $36.63


HBI Potential

A trade-off study was conducted in the early phases of the

PEA based on the preliminary information available at that

time.

The study investigated the feasibility of producing three

different products:

1. Fines

2. Pellets

3. Hot Briquetted Iron ("HBI").


The study concluded that further analysis is

warranted for pellets and HBI, which Rockex will

pursue throughout the course of its preparation

of a Feasibility Study.

Presently, the PEA is based solely on the

production of a fines iron concentrate.

The study of the pellets and HBI is expected to

improve the project economics significantly.


Total Personnel Requirement by Area

Area Number

Mine 180

Concentrator Plant 114

Sioux Lookout Area 36

Railroad 6

G&A and Site Services 49

Total Manpower 385


• Hot Briquetted Iron (HBI) is premium iron product that is made from iron

fines.

• HBI is a compacted form of direct reduced iron containing 90-94% iron.

• The demand for HBI is worldwide, including North America, is expected

to increase by 200% by 2020.

• Premium product demands a premium price

– $350 to $390 per tonne


• Eagle Island’s proximity to natural gas gives the project a

major competitive advantage - as low cost energy is a key

component to manufacture HBI.

• Rockex has access to the port in Thunder Bay which provides

logistical access to the North American Great Basin and its

steel producers.

• Rockex is looking to take advantage of a looming scrap

metal shortage by producing and selling a substitute

product.


• HBI is a higher quality perfect substitute for scrap metal.

• Demand from scrap metal is expect to grow from 339M tonnes

in 2011 to 480M tonnes in 2020.

• Estimates put the shortfall between 60-80M tonnes by 2020.

• HBI is in higher demand in comparison to typical scrap because

of its purity.


What is Required to Advance the Project:

• Financing – Strategic Partnership.

• Support and participation from Aboriginal, local

communities and all levels of Government.

• Undertaking environmental baselines studies to support

future regulatory permitting.

• Commencement of an Environmental Assessment.

• Enhancements to infrastructure & a trained labour pool to

support operations.

Rockex Mining Corporation33

Q1 Q2 Q3 Q4

2015

Q1 Q2 Q3 Q4

2016

Q1 Q2 Q3 Q4

2017

Q1 Q2 Q3 Q4

2018

Q1 Q2 Q3 Q4

2019

Feasibility Study

Strategic Partnership

Aboriginal Engagement

Environmental Studies & Permitting

Project Construction

Commissioning & Production

CSE: RXM


In addition its flagship Eagle Island project, Rockex controls 4 additional

100% owned properties.

1. Fish Island - located with the same claim boundaries as Eagle

Island.• Historical resource of 234,000,000 tonnes of 33% iron

2. Doran Lake –located in the Lake St. Joseph region.• Historical resource of 181,000,000 tonnes of 28% iron

3. Soule’s Bay East –located in the Lake St. Joseph region.• Historical resource of 226,000,000 tonnes of 28% iron

• Feasibility study by Bechtel in 1971 (non-compliant)

4. North Spirit Lake


Western LakeSt. Joseph

Doran Lake

10 20 km0

Soule’s Bay East

CSE: RXM

Rockex Mining Corporation

Armando Plastino, President & CEO

Corporate Office:

Thunder Bay Office

580 New Vickers St

Thunder Bay, Ontario

Canada

P7E 6P1

Phone: +1 807 623 0661

Fax: +1 807 623 4221

Email: [email protected]

www.rockexmining.com

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CANADA’S IRON ORE - rockexmining.com was instrumental in the success of the world's richest gold...

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