THE ONLY PLAY IN NIOBIUM - MAY 2020 'diversified junior exploration/development company' - Niobay Metals
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
’diversified junior exploration/development company’
THE ONLY PLAY IN NIOBIUM
MAY 2020
Forward Looking Statements
This presentation contains certain “forward-looking statements”, including, but not limited to, the statements
regarding the Company’s strategic plans, its anticipated benefits and the use of proceeds resulting thereof, in
particular, future financial results, production targets and timetables, the evolution of mineral reserves and
resources, mine operating costs, capital expenditures, work programs, development plans, exploration
programs, objectives and budgets, the possible determination of additional reserves, and the Company's
eventual success to execute its strategy to focus on building its portfolio of properties. Forward looking
statements express, at this date, the Company’s plans, estimates, forecasts, projections, expectations or beliefs
as to future events and results. Forward-looking statements involve a number of risks and uncertainties, and
there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future
events could differ materially from those anticipated in such statements. Risks and uncertainties that could
cause results or future events to differ materially from current expectations expressed or implied by the
forward-looking statements include, but are not limited to, factors associated with fluctuations in the market
price of metals, mining industry risks, exploration risks, risks associated with foreign operations, environmental
risks and hazards, uncertainty as to calculation of mineral reserves, requirement of additional financing or
additional permits, authorizations or licenses, risks of delays in construction and production and other risks
referred 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 reviewed
and approved the technical and scientific content of this presentation.
2
Niobium an Undeniable Ally for Steel
As an additive in steelmaking process Niobium improves steel properties
Production of High Strength Low Alloy Steel
Stronger Lighter
Toughness Flexible
$10 of Niobium in a mid-size vehicule
5%
litres / km
savings
Weldability Contributes to
GHG Reduction
3
Niobium – Global Markets
90%
10%
4
Niobium - Tech
https://www.youtube.com/watch?v=sw0e2qv6
90U
https://www.youtube.com/watch?v=1j8cjnz4Q
Ks
§ Additional information at https://www.niobium.tech/en
5
Niobium – Global Markets (HSLA)
130,000 World Consumption (t FeNb)
120,000
110,000
100,000
90,000
80,000
70,000
60,000
50,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
$44
$42
Price Ferro-Niobium
$40
USD/kg Nb
$38
$36
$34
$32
$30
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: Global Trade Atlas, Camet Metallurgy Inc
6
Niobium – Global Markets
2009 2019
Others Others
China 25% 26%
30% China
55,000 t 38% 124,000 t
FeNb FeNb
N.A. N.A.
17% 15%
Europe Europe
28% 21%
7
Niobium - Supply
Producer Ownership Value/Opex
Niobec, Canada Capacity ~7,000 Nb tpa CEF Holdings Sold US$ 500M
Market share 8% (+45%), HK
Resource 70M to 100M Temasek (+45%), 2015
(below 850m) Singapore (5-6X EBITDA)
Grade 0.56% Nb2O5 A. Regent, ~20 US$/kg Nb
U/G Canada
Catalao, Brazil Capacity ~9,000 Nb tpa China Moly. Sold US$ 1.7B
Market share 11% (inc phosphate)
Resource Esti 35 Mt 2016
(10-11X EBITDA)
Grade 1.0% Nb2O5 N/A
O/P
CBMM, Brazil Capacity 100,000 Nb tpa Moreras Salles Net Earning US$
Market share +80% Family (70%) 2B (2018)
Resource +500Mt Strategic Asian + US$ 15B
O/P steelmakers (30%)
Grade 2.3% Nb2O5
James Bay Niobium Project
Moose River, Moose Factory
Project Location
James Bay
Moosonee
Rail
40 km
Renison station
James Bay
Niobium Project
Wetum road
10James Bay Niobium’s History
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 the
1960s does not mean the James Bay Niobium deposit would be found to be economic today. NioBay Metals is not treating the historical results as a
current mineral resource nor as having been verified by a qualified person. 11James Bay Niobium Resource
§ A Mineral Resource Estimate 2018 (43-101) was published by RPA.
Classification Tonnes Grade Contained Nb2O5
(cut-off
0.3%Nb2O5)
(Mt) (%Nb2O5) (Mkg)
Indicated 26 0.53 137
Inferred 25 0.51 128
Total Ind. & Inf. 51 0.52 265
§ 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.
12Scoping Study 2019 (G Mining)
133D View James Bay Deposit
14Sections 0 to 600N
0 200N
400m
400m
400N 600N
400m
400m
15Plan View James Bay Deposit
16Section 200N
17Section 400N
18Section 600N
19Drill Program Pictures
20Pyrochlore crystals
21Benchmark Niobec1 vs James Bay2
0.9 800
700
0.8
600
0.7
500
0.6 400
300
0.5
200
0.4
100
0.3 0
Grade (% Nb2O5) Recovery (%) Prod ('0000 kg) Resources (M t) EBITDA (M US$) Value1 (M US$)
Niobec James Bay Niobec James Bay
Niobec valued between US$ 750M and US$ +1B
Based on 5 to 8 X EBIDTA
1. Niobec data from historical & estimates
2. Niobay data are not 43-101 compliance 22Niobec Operation
• 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 yet
decided to extend shaft depth
or status quo.
• Production: abt 7,000 tpa Nb
(+/- 5%).
• Opex US$19kg / Nb (+/-
$2/kg).
23Niobium – Anticipated Market Share
Sale FeNb (t Nb)
250,000
NioBay’s James Bay Project will produce no more than 5% WS
200,000
150,000
CBMM sales won’t dip
100,000
50,000
-
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
CBMM World James Bay
24Niobium - World Market Share
Based on production of 6,500 tpy Nb
90% 6.0%
5.5%
85%
Set limit by Niobay
5.0%
4.5%
80%
4.0%
75%
3.5%
3.0%
70%
2.5%
65% 2.0%
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
CBMM MS James Bay Market Share
25Moose Cree First Nation
§ MCFN signed IBA w/ Detour Gold, Victor Mine, OPG.
§ Former Chief wasn’t supporting Resource Development.
§ Got expelled by councillors before end of her term.
§ New Chief & Council elected July 2019 (4 years term)
§ Favorable to engage with resource developers.
§ Seeking opportunities for local community.
§ Signed a “Protection Agreement’’ for early exploration
programs (December 2019).
§ February/March Information Sessions in Moose Factory.
§ Considering having MCFN as equity partner in the project.
26Next steps in 2020
§ Drills Results
§ Remaining 4 holes.
§ End-April 2020.
§ Mineral Resource Update NI43-101
§ RPA – July 2020.
§ Baseline Study
§ Initiate summer..
§ Geophysics (summer/fall)
§ James Bay Niobium.
§ Valentine.
§ Preliminary Economic Assessment
§ G Mining Services Ltd.
§ Completed Q4 2020.
27Company Profile
STOCK INFORMATION ($CAD) DIRECTORS & MANAGEMENT
Symbol NBY Serge Savard, ex NHL
Chairman
Businessman, Real Estate
Exchange TSX-V
Claude Dufresne, P.Eng
Market Cap $15 M +15 years niobium, President & CEO
Shares Outstanding 52 M Iamgold/Cambior
Warrants 3M Anthony Glavac, CA
CFO
Falco Res, Osisko Metals
Share Price $0.45
Jean-Sébastien David, P.Eng
Director
Cash (Dec 2019) $3.5 M Ariane Phosphate Inc, Osisko
MAJOR HOLDERS Raymond Legault
Director
Retired Financial Investor
Osisko Gold Royalties 20%
Jacques Bonneau, Geo
Toronto based High Net Worth 8% Director
Ex-CEO Mazarin/Niobec
Caisse de Dépôt & Placement Inc 4% Dawn Madahbee Leach
Management 8% Waubetek Business Director
Development Co/ First Nations
28Thank You !
Claude Dufresne, P.Eng.
President & CEO
NioBay Metals Inc
300-1100 Ave Canadiens-de-Montreal
Montreal, QC H3B 2S2
cdufresne@niobaymetals.com
29You can also read
