THE ONLY PLAY IN NIOBIUM - Niobay Metals...
Transcript of THE ONLY PLAY IN NIOBIUM - Niobay Metals...
’diversified junior exploration/development company’
THE ONLY PLAY IN NIOBIUM
APRIL 2020
Forward Looking Statements
This presentation contains certain “forward-looking statements”, including, but not limited to, the statementsregarding the Company’s strategic plans, its anticipated benefits and the use of proceeds resulting thereof, inparticular, future financial results, production targets and timetables, the evolution of mineral reserves andresources, mine operating costs, capital expenditures, work programs, development plans, explorationprograms, objectives and budgets, the possible determination of additional reserves, and the Company'seventual success to execute its strategy to focus on building its portfolio of properties. Forward lookingstatements express, at this date, the Company’s plans, estimates, forecasts, projections, expectations or beliefsas to future events and results. Forward-looking statements involve a number of risks and uncertainties, andthere can be no assurance that such statements will prove to be accurate. Therefore, actual results and futureevents could differ materially from those anticipated in such statements. Risks and uncertainties that couldcause results or future events to differ materially from current expectations expressed or implied by theforward-looking statements include, but are not limited to, factors associated with fluctuations in the marketprice of metals, mining industry risks, exploration risks, risks associated with foreign operations, environmentalrisks and hazards, uncertainty as to calculation of mineral reserves, requirement of additional financing oradditional permits, authorizations or licenses, risks of delays in construction and production and other risksreferred to in the Company’s Annual Information Form.
Claude Dufresne, P. Eng, acted as the qualified person as defined in National Instrument 43-101. He reviewedand approved the technical and scientific content of this presentation.
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Niobium an Undeniable Ally for Steel
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As an additive in steelmaking process Niobium improves steel propertiesProduction of High Strength Low Alloy Steel
Stronger
Flexible
Lighter
Toughness
Weldability Contributes to GHG Reduction
$10 of Niobium in a mid-size vehicule5%
litres / km savings
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Niobium – Global Markets
90%
10%
Niobium - Tech
§ Additional information at https://www.niobium.tech/en
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https://www.youtube.com/watch?v=1j8cjnz4QKs
https://www.youtube.com/watch?v=sw0e2qv690U
50,00060,00070,00080,00090,000
100,000110,000120,000130,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
$30
$32
$34
$36
$38
$40
$42
$44
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
6Source: Global Trade Atlas, Camet Metallurgy Inc
Price Ferro-Niobium
USD
/kg
Nb
Niobium – Global Markets (HSLA)
World Consumption (t FeNb)
Niobium – Global Markets
N.A.17%
Europe28%
China30%
Others 25%
2009
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N.A.15%
Europe21%
China38%
Others26%
2019
55,000 tFeNb
124,000 tFeNb
Niobium - Supply
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Producer Ownership Value/Opex
Niobec, Canada CapacityMarket share
~7,000 Nb tpa8%
CEF Holdings (+47%), HK
Sold US$ 500M
Resource 70M to 100M(below 850m)
Temasek (+47%),Singapore
2015 (5-6X EBITDA)
Grade 0.56% Nb2O5U/G
A. Regent, Canada
~19 US$/kg Nb
Catalao, Brazil CapacityMarket share
~9,000 Nb tpa11%
China Moly Sold US$ 1.7B(inc phosphate)
Resource abt 35 Mt 2016 (10-11X EBITDA)
Grade 1.0% Nb2O5O/P
N/A
CBMM, Brazil CapacityMarket share
100,000 Nb tpa+80%
Moreras Salles Family (70%)
Net Earning US$ 2B (2018)
Resource +500MtO/P
Strategic Asian steelmakers (30%)
+ US$ 15B
Grade 2.3% Nb2O5 <10 US$/kg Nb
James Bay Niobium Project
Moose River, Moose Factory
Project Location
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Moosonee
Renison station
James BayNiobium Project
Rail
James Bay
40 km
Wetum road
Project Location
James Bay Niobium’s History
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Discovered in 1966§ 14,000 meters of drilling at an average depth of 170 meters in 85 holes.§ Historical estimate of 56M t @ 0.52% Nb2O5.
§ Open at depth (below 275m).§ Exploration shaft (~40m ) & a 75m cross-cut.§ 225 t extracted for metallurgical testing (pilot plant).
Lakefield Research carried out metallurgical tests§ Overall recovery of 78%, very low impurities, and high grade concentrate.
Feasibility study completed by Bechtel Canada in 1969
Access to all historical technical data and drill cores.Note: NioBay Metals has not yet undertaken the work necessary to verify or classify the historical estimates. Economic studies completed in the1960s does not mean the James Bay Niobium deposit would be found to be economic today. NioBay Metals is not treating the historical results as acurrent mineral resource nor as having been verified by a qualified person.
James Bay Niobium Resource
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§ A Mineral Resource Estimate 2018 (43-101) was published by RPA.
§ Mineralization is open at depth (> 275m).§ A crown pillar is excluded from the resource (abt 6 Mt).§ 30m of overburden.§ High potential to increase resources.
Classification(cut-off
0.3%Nb2O5)
Tonnes Grade Contained Nb2O5
(Mt) (%Nb2O5) (Mkg)
Indicated 26 0.53 137Inferred 25 0.51 128
Total Ind. & Inf. 51 0.52 265
Equivalent to a gold deposit of ~3.1 g Au/t with 5,200,000 oz of gold!1
1: NON 43-101 / Niobium valued at 42 US$/kg Nb, $1500/oz Au
Scoping Study 2019 (G Mining)
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3D View James Bay Deposit
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Sections 0 to 600N
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0 200N
400N 600N
400m
400m
400m 40
0m
Plan View James Bay Deposit
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Section 200N
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Assay Results Drill Holes E1 – E3
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Hole Name From(m) To(m) Length(m) Nb2O5 %
NBY-20-E1 93 278 184.4 0.69%
Including 93 171 78.4 0.57%
Including 171 233 61.8 1.02%
NBY-20-E2 139 329 189.8 0.66%
Including 139 195 56.0 0.48%
Including 195 257 62.5 0.97%
NBY-20-E3 334 444 110.2 0.58%
Including 336 348 11.6 0.76%
Including 392 408 15.5 0.80%
Section 400N
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Section 600N
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Drill Rig
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Pyrochlore crystals
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Benchmark Niobec1 vs James Bay2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
Grade (% Nb2O5) Recovery (%) Prod ('00000 t)
Niobec James Bay
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0
100
200
300
400
500
600
700
800
Resources (M t) EBITDA (M US$) Value1 (M US$)
Niobec James Bay
1. Niobec data from historical & estimates2. Niobay data are not 43-101 compliance
Niobec valued between US$ 750M and US$ +1BBased on 5 to 8 X EBIDTA
Niobec mine
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• In operation for 44 years.• +70M t resource @ 0.56%
Nb2O5 (2020).• Recovery improved to 65%.• Vast majority of resource is
below shaft (850m). Blocs 7+• Ramps to shaft then surface.• Hosting capacity ~ 7,000 tpd
(ore & waste).• Believe owners have not
decided yet to extend shaft depth or new shaft.
• Production at 7,000 tpa Nb(+/- 5%).
• Opex US$19kg / Nb (+/-$1/kg).
Niobium – Anticipated Market Share
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-
50,000
100,000
150,000
200,000
250,000
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Sale FeNb (t Nb)
CBMM World James Bay
NioBay’s James Bay Project will produce no more than 5% WS
CBMM sales won’t dip
Niobium - World Market Share
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2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
5.5%
6.0%
65%
70%
75%
80%
85%
90%
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Nio
bay
Wor
ld M
arke
t Sha
re
CBM
M W
orld
Mar
ket S
hare
CBMM MS James Bay Market Share
Set limit by Niobay
Based on NioBay production of 6,500 tpy Nb
Moose Cree First Nation
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§ MCFN signed IBA w/ Detour Gold, Victor Mine, OPG.
§ Former Chief wasn’t supporting Resource Development.
§ Got expelled by councillors before end of her term.
§ New Chief & Council elected July 2019 (4 years term)
§ Favorable to engage with resource developers.
§ Seeking opportunities for local community.
§ Signed a “Protection Agreement’’ for early explorationprograms (December 2019).
§ February/March Information Sessions in Moose Factory.
§ Considering having MCFN as equity partner in the project.
Next steps in 2020
§ Drills Results§ Remaining 4 holes.§ May 2020.
§ Mineral Resource Update NI43-101§ RPA – July 2020.
§ Baseline Study§ Initiate summer..
§ Geophysics (summer/fall)
§ James Bay Niobium.§ Valentine.
§ Preliminary Economic Assessment§ G Mining Services Ltd.§ Completed Q4 2020.
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Company Profile
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DIRECTORS & MANAGEMENTSerge Savard, ex NHLBusinessman, Real Estate Chairman
Claude Dufresne, P.Eng+15 years niobium, Iamgold/Cambior
President & CEO
Anthony Glavac, CAFalco Res, Osisko Metals CFO
Jean-Sébastien David, P.EngAriane Phosphate Inc, Osisko Director
Raymond LegaultRetired Financial Investor Director
Jacques Bonneau, GeoEx-CEO Mazarin/Niobec Director
Dawn Madahbee LeachWaubetek Business Development Co/ First Nations
Director
STOCK INFORMATION ($CAD)
Symbol NBY
Exchange TSX-V
Market Cap $15 M
Shares Outstanding 52 M
Warrants 3 M
Share Price $0.45
Cash (Dec 2019) $3.5 M
MAJOR HOLDERS
Osisko Gold Royalties 20%
Toronto based High Net Worth 9%
Caisse de Dépôt & Placement Inc 4%
Management 8%
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Thank You !Claude Dufresne, P.Eng.
President & CEONioBay Metals Inc
300-1100 Ave Canadiens-de-MontrealMontreal, QC H3B 2S2