Black Iron's New Preliminary Economic Assessment Shows Highly Favourable Returns Including 36.1% IRR Post Tax

- Preliminary Economic Assessment Based on a Phased, Lower Cost Buildout of the Mine Starting With 4 Mtpa Production and Future Expansion to 8Mtpa - Favourable Economics Including Post Tax 36.1% IRR and US$1.66 Billion NPV at a 10% Discount Rate Driven by Close Proximity to Railway, Powerlines and Skilled Low-Cost Labour Coupled With Production of Ultra High Grade 68% Iron Content Product - Management Continues to Execute on Its New Go Forward Plan to Advance the Shymanivske Project Towards Production