IRON BRIDGE MAGNETITE PROJECT - 662NSC3001 Pipelines Basic and Detailed Design

Please refer to scope of work for further details pertaining to this package.

Iron Bridge Magnetite Project

Project owner: IB Operations Pty Ltd, as agent for Iron Bridge Joint Venture between FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd

Project Details:

The Iron Bridge Magnetite Project (Project) is the development of a new magnetite mine (including processing and transport facilities) and associated infrastructure. Iron Bridge will deliver 22 million tonnes per annum (mtpa) of high grade 67% Fe magnetite concentrate product. The Iron Bridge site comprises the world class North Star and Glacier Valley magnetite ore bodies, located 145km south of Port Hedland.

IB Operations is seeking expressions of interest from suitably qualified contractors and suppliers for Project tendering opportunities on the ICN Gateway.

Scope Overview:

The Project scope will require the establishment of new facilities, including:

mine

ore processing facility

slurry and return water pipeline

raw water pipeline

port infrastructure

non-process infrastructure, such as airstrip, village extension, telecommunications networks,

electricity, water, sewage and wastewater facilities.

The Iron Bridge Project will be operated by IB Operations Pty Ltd, as agent for the Iron Bridge Joint Venture between FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd. IB Operations Pty Ltd is an Australian private company, which is owned by FMG Magnetite Pty Ltd and Formosa Steel IB Pty Ltd, each a participant in the unincorporated Iron Bridge Joint Venture.

Local and Indigenous participation:

In line with Fortescue's commitment to supporting local Western Australian communities, requirements relating to the engagement of local and Indigenous vendors will be included in the selection criteria for the Iron Bridge Magnetite Project tendering opportunities.