At Home in North America

Transcription

1 At Home in North America PRECIOUS METALS BASE METALS (POLYMETALLIC) Gold, Silver, Platinum, Palladium Copper, Zinc, Lead, Nickel, Gold, Silver Precious Metals Recovery Technology SPECIALTY METALS & MINERALS WORLDWIDE MAGNESIUM CORP. Manganese, Rare Earths, Mica, Iron, Molybdenum, Lithium, Uranium ROYALTIES & OPTIONS CHIBOUGAMAU INDEPENDENT MINES Talc, Magnesium Compounds Gold, Silver, Copper, Zinc Copper, Gold, Zinc, Silver

2 Shares Issued Fully Diluted 24,809,941 Funds available for exploration No debt Own 100% of its property interests 22,726,241 (after 24 years, no rollbacks) Works only in North America principally Quebec, Ontario and Nova Scotia Board of Directors 4 senior geologists and 1 mining accountant

3 LISTINGS: Toronto Stock Exchange Canada GMX Frankfurt Stock Exchange Germany G1M Berlin Stock Exchange Germany G1M Stuttgart Stock Exchange Germany G1M Munich Stock Exchange Germany G1M Xetra Stock Exchange Germany G1M OTCQX International U.S.A. GLBXF

4 At Home in North America BASE METALS (POLYMETALLIC) PRECIOUS METALS 108 Properties 57 Gold, Silver, Platinum, Palladium SPECIALTY METALS & MINERALS WORLDWIDE MAGNESIUM CORP. 24 Polymetallic (Copper, Zinc, Gold, Silver, Lead, Nickel) 5 Industrial minerals (Lithium, Uranium, Mica) ROYALTIES & OPTIONS CHIBOUGAMAU INDEPENDENT MINES 6 Specialty metals (Manganese, Rare Earth, Iron, Molybdenum) 16 Royalties 15 Active options Cash payments Share payments Exploration & development expenditures Gross metal royalty 38 Historical or NI resources

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6 Realization of True Value Spin-outs? WORLDWIDE MAGNESIUM CORP. Talc, Magnesium Compounds Precious Metals Recovery Technology CHIBOUGAMAU MINING CAMP QUEBEC? KIPAWA U 3 O 8, Au, Rare Earths 7 former Au/Cu Mines Large Land Position Large Land Position Multiple Zones

7 Chibougamau Independent Mines Inc. CHIBOUGAMAU MINING CAMP QUEBEC Dominant position in the Chibougamau Mining Camp 7 former copper-gold mines 2 unmined deposits (Au, Ag, Cu, Zn) Large exploration land package with numerous targets

8 Geological Map of Chibougamau Area Globex Properties Lemoine, Obalski, McKenzie & Roy Townships, Quebec 32 G/16

9 Doré Lake Complex (Copper-Gold) sjdkhkjsdhgfds Longitudinal Section Chibougamau area, Quebec

10 Timmins Talc-Magnesite Project Resource Category - Zone A Tonnage (t) Magnesite (%) Talc (%) Indicated 12,728, Inferred 18,778, Magnesium Oxide (MgO) Talc Annual Mined Tonnage Annual Gross Contained Value Annual Gross Profit EBITDA Price (MgO) Price (Talc) > 19% Recoverable > 23% Recoverable 1 Million tonnes > $160,000,000 Cdn. > $80,000,000 Cdn. > $476/t Cdn. > $305/t Cdn. Size Potential M. Tonnes Life + 30 years Mining Method Open Pit Start-up + 3 years MgO Purity + 98% - 99% Talc Brightness + 90 Financial Advisors KPMG Corp. Finance Projections based upon Micon International Limited report Resources : NI conformable

11 Magnesia-Markets for Refractories Refractories are used in linings for furnaces, kilns, incinerators, reactors and are also used to make crucibles. Major applications for both acid and basic refractories are in the steel, cement, chemical and ceramic industries. World: Estimated Consumption of Refractories by application, 2009 (%) Non-ferrous Metals 5% Ceramics 5% Cement & Lime 7% Chemicals 4% Glass 4% Other 5% Steel 70% Roskill Information Services Ltd. Magnesium Compounds and Chemicals: Global Industry Markets and Outlook Eleventh Edition, 2010

12 Magnesia Markets Magnesia 2008 consumption World 14,170,000 t N.A. 900,000 t Magnesia projected 2013 consumption World 16,200,000 t N.A. 935,000 t CCM 90-92% China FOB $370-$480 US/t DBM 97.5% China FOB $530-$560 US/t FM 98% China FOB $1080-$1,210 US/t Roskill Information Services Ltd. Magnesium Compounds and Chemicals: Global Industry Markets and Outlook Eleventh Edition, 2010

13 Magnesia Potential Globex We consider that there is potentially a very good opportunity for Globex to become a major player in the North American refractory magnesia market. U.S. refractory producers, we interviewed are all very interested in the possibility of a new North American supplier, to provide an alternative to Chinese supply. Roskill Consulting Group Ltd. Analysis of the North American Market Outlook for Magnesium Compounds, November 2, 2010

14 Talc Production and Consumption Worldwide Production Consumption Breakdown Markets Europe U.S.A. & Canada Polymers (rubber, plastics) ± $450 US/t FOB Technical Ceramics ± $600 US/t FOB Coatings (paints, shingles, glue, putty) ± $210 US/t FOB 6,000,000 t 2,000,000 t 900,000 t Roskill Information Services Ltd. Analysis of the North American Market Outlook for Talc - October 2010

15 Talc The polymers market would appear to offer a good opportunity for Globex, particularly in light of the fact that it will be competing in this segment with bright Chinese talc. Chinese suppliers of talc (and most other mineral products) are becoming less popular in North America. The demand prospects look good. Globally, the (Polymer) demand is forecast to increase from 42MT in 2009 to nearly 56MT in 2014, with all regions seeing increased demand. Roskill Information Services Ltd. Analysis of the North American Market Outlook for Talc - October 2010

16 Talc Potential Globex Concern over the supply of bright talc from China has been mounting for some years and the degree of concern is growing. One reason for this is that China s reserves of bright talc are declining; many mines no longer have reserves of high-quality talc. The price of Chinese talc is also on an upward trend. The TTM deposit, which contains talc comparable in brightness to the Chinese material, is ideally located to supply the key North American markets for bright talc and is very large. Roskill Information Services Ltd. Analysis of the North American Market Outlook for Talc - October 2010

17 At Home in North America Precious Metals Recovery Technology Globex has 75 % interest and management Worldwide application of hydrometallurgical technology Gold recoveries of up to 98% Stabilizes arsenic residues Oxidizes sulphides in residues Low capital costs Low operating costs No fine grinding Recyclable reagents Extremely environmentally friendly

18 Business Model Precious Metals Recovery Technology Leasing of technology in exchange for cash and royalty Acquire and prove technology on inactive gold/silver deposits Either place into production or sell Acquire and reprocess gold/silver bearing tailings Apply technology to correct environmental problems related to leaching of arsenic and acid drainage from gold mine tailings

19 % Extraction Client # 1: Eco Refractory Solutions Method Benefits Lower Capital Cost Lower Operating Cost 100% 80% 85.1% 94.3% No fine grind necessary Lower Energy cost Does not require pressure leach (autoclave) 60% 40% 20% 28% Better Recoveries 0% Environmentally Friendly Arsenic Stabilized Methods Sulphides Oxidized Faster Permitting Gravity Gravity, Flotation, Albion, Cyanidation Gravity, Flotation, Eco, Cyanidation

20 % Extraction Client # 2 Eco Refractory Solutions Large Tonnage, Low Grade, Open Pittable Gold Ore Refractory Ore Fine Gold in Pyrite Lattice 90.0% +97.3% Direct Cyanidation Fine Grinding, Direct Cyanidation Fine Grinding, *Roasting, Cyanidation Fine Grinding, Eco Refractory Process, Cyanidation 38.2% 40.6% Methods *Roasting requires high capital costs and energy consumption while creating numerous potentially dangerous and expensive environmental problems

21 At Home in North America KIPAWA U 3 0 8, AU RARE EARTHS Large land package Rare Earths, Uranium, Gold Numerous undrilled showings Exploration potential High assays in Light and Heavy Rare Earths, Zirconium, Yttrium

22 At Home in North America Thank you PRECIOUS METALS Merci BASE METALS (POLYMETALLIC) Gold, Silver, Platinum, Palladium Copper, Zinc, Lead, Nickel, Gold, Silver Precious Metals Recovery Technology SPECIALTY METALS & MINERALS WORLDWIDE MAGNESIUM CORP. Manganese, Rare Earths, Mica, Iron, Molybdenum, Lithium, Uranium ROYALTIES & OPTIONS CHIBOUGAMAU INDEPENDENT MINES Talc, Magnesium Compounds Gold, Silver, Copper, Zinc Copper, Gold, Zinc, Silver