James Bay Niobium Project Information Session, Moosonee, May 17 th, Moose River, Moose Factory

Transcription

1 James Bay Niobium Project Information Session, Moosonee, May 17 th, 2017 Moose River, Moose Factory

2 FORWARD LOOKING STATEMENT 2 This presentation contains certain forward-looking statements under the provisions of Canadian securities laws, as well as historical information. Forward-looking statements include, but is not limited to, statements relating to the Company's strategy, goals and objectives for its James Bay Niobium Project, targets and timetable for the exploration and development of the James Bay Niobium project, opportunities the Project could offer, resource estimates, costs estimates, the potential demand and supply of niobium, and the price of niobium. Forward looking statements express, as of the date of this presentation, the Company s plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements involve a number of risks, uncertainties and other factors beyond the Company s ability to control or predict, 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, uncertainties and other factors 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, changes or delays in mining development and exploration plans, the timing of receipt of necessary permits or regulatory approvals for the Company s exploration projects and other operations, uncertainty related to historical estimate of resources, uncertainty involved in interpreting geological data and future exploration results, environmental risks and hazards, uncertainty as to calculation of mineral resources, 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 quarterly and annual management s discussion and analysis available at The Company does not assume any obligation, to update these forward-looking statements and information, except as required by law. Claude Dufresne, P. Eng, acted as the qualified person as defined in National Instrument He reviewed and approved the technical and scientific content of this presentation. Mr. Dufresne is the President and CEO of the Company.

3 WHY WE ARE HERE? 3 To meet with you and get to know you, because you are part of the project development and your participation and opinion is needed; To understand your concerns and preoccupations; To identify and understand your rights, land activities and history; To provide information on the James Bay Niobium Project and our vision for its development; You can reach us at any time by: phone: info@niobaymetals.com Facebook: Niobay Metals Inc.

4 SUMMARY OF PRESENTATION 4 WHO is NioBay Metals Inc. WHAT is the James Bay Niobium Project WHERE is the Project located WHEN are the Project timelines WHY is Niobium used HOW is Niobium mined WHAT does the future look like and what are the potential opportunities for all the surrounding communities, for the short, medium and long-term

5 WHAT S IN IT FOR LOCAL COMMUNITIES? 5 FOOTPRINT: small and UNDERGROUND mine compared to surrounding current projects (Detour and Victor), with minimum impact on harvesting and traditional activities; WATER: North French River watershed remains untouched; NIOBIUM IS A GREEN METAL and processing uses limited reagent; EMPLOYMENT, TRAINING & EDUCATION opportunities during the whole process of construction, and for the full life-of-mine; RELATED ECONOMIC DEVELOPMENT opportunities for all local communities and businesses; PARTNERSHIP agreements to be discussed and negotiated; REMEDIATION plan will be put in place.

6 6 NIOBAY METALS AND THE JAMES BAY NIOBIUM PROJECT

7 WHO IS NIOBAY? 7 Founded in 1954 under the name Northern Quebec Explorer Ltd. Public company listed on the TSX Venture Exchange (symbol "NBY"). First exploration mining company listed on the Montreal Exchange. Engagement Team: Siri Genik, Saga Williams, Claude Dufresne, JS David Board of Directors: Serge Savard Chairman of the Board Businessman and former NHL star Claude Dufresne, P.Eng President & CEO 15 years in the niobium business Jean-Sébastien David, Geo Director COO Arianne Phosphate Inc. Raymond Legault Director Retired Financial advisor Jacques Bonneau, Geo Director Ex co-owner of Niobec mine Jean Rainville, P. Eng. Director CEO Blackrock Metals Inc. Focus on the James Bay Niobium Project acquired in June 2016 from previous owner.

8 WHAT IS THE JAMES BAY PROJECT HISTORY 8 Discovered in 1966 by Consolidated Morrison Explorations in a three party agreement that also included Argor Explorations & Goldray Mines; Major exploration work carried out in 1968 & 1969; Drill cores storage facility located in Moosonee.

9 HISTORICAL EXPLORATION 9 85 holes of drilling at an average depth of 170 meters, total of 14,000 meters; Historical estimates of 62 million 0.52% Nb 2 O 5 ; Exploration shaft (~40m depth) & a 76m gallery; 225 tonnes of rock extracted for metallurgical testing in a pilot plant in Lakefield Ontario. Exploration shaft, late 1960s NioBay Metals has not yet undertaken the work necessary to verify or classify the historical estimates, the historical drilling and the metallurgical tests. 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.

10 PROJECT LOCATION 10

11 PROJECT LOCATION 11 Moosonee James Bay Rail 40 km Renison station James Bay Niobium Project Wetum road

12 MCFN HOMELAND & NORTH FRENCH WATERSHED 12 Moosonee South Bluff Creek Source: Adapted from Government of Ontario Tertiary Watersheds and Moose Cree First Nation Homeland Declaration

13 WHAT IS NEXT? 13

14 SMALL DRILLING CAMPAIGN 14 In order to validate the historical data, NioBay needs to conduct a small resource validation program. This means: Drilling 10 to 12 holes 4 to 6 weeks of work in the field One drill on site Transport by helicopter Observation & monitoring of the drilling will be allowed, subject to health and safety requirement.

15 IMPORTANT TECHNICAL MILESTONES 15 Short Term: 1. Small drilling campaign to validate historical data; In the field 2. Resource calculation based on drilling results; Upon confirmation* of resources: 3. Preliminary Economic Assessment (determines the economic viability of the deposit); Mid/Long Term: 4. Environmental and Social Base Line studies; 5. Canadian Environmental Assessment Agency evaluation and permitting; 6. Feasibility Study; 7. Site preparation and Infrastructure; 8. Engineering & Construction, subject to obtaining all required permits; * In the event the resources are not confirmed or if the Project do not meet economic viability, the Project will be put on hold.

16 WHAT IS NIOBIUM? 16

17 NIOBIUM 17 a metal added to steel to make it: Stronger & Lighter Niobium Helps to reduce emissions of Greenhouse gases/ Carbon footprint* * In the USA alone, Niobium contributes to a yearly reduction of 62 megatons CO 2, equivalent to half of Ontario CO 2 emissions per year. Source: Niocorp Website Presentation

18 NIOBIUM IS EVERYWHERE 18 Automotive (structure, body) Bridges (beams, rods) High-rise buildings O&G Pipelines Aerospace (jet engine, rivets) Stainless steel (Exhaust) Tools Medical (MR, implants) Electronics (semiconductors) Jewelry

19 NIOBIUM CONTRIBUTION TO ENVIRONMENT 19 Niobium helps to make lighter and safer vehicles, which contributes to reduce global carbon footprint $10 of Niobium in a mid-size vehicle ~150 kg lighter & 5% liters / km economy

20 NIOBIUM CONTRIBUTION TO ENVIRONMENT 20 Niobium helps to make lighter and safer structures which contributes to reduce global carbon footprint 0.02% of Niobium in a bridge $25M & 15,000 tons of steel savings 15,000 tons

21 HOW IS NIOBIUM MINED? 21

22 Source: Environmental Code of Practice for Metal Mines, Government of Canada TYPICAL UNDERGROUND MINE 22

23 TYPICAL SIMPLIFIED NIOBIUM PROCESSING 23 Rock / Ore Water from underground mine Material Size Reduction Niobium Concentration Water Separation Reagents: flotation collectors ph control agent Niobium Concentrate Abt 20% Dry Storage? Surface pad Inert rocky material Abt 80% Back underground Ground support Cement

24 ENVIRONMENT 24

25 FOOTPRINTS COMPARISON 25 2 km Niobium mine, Quebec Underground : approx. 1.7 x 2 km (after 40 years) 2 km Gold mine, Ontario Open-pit + expansion: approx. 5 x 9 km 2 km Diamond mine, Ontario Open-pit: approx. 3.8 x 6 km Source: Google Earth Based on historical data JBNP would have a small footprint Underground mine: approx x 2 km

26 COMPARATIVE DATA OF FOOTPRINTS 26 James Bay Niobec Victor Detour Detour Lake Mine (Gold, Northern Ontario): approx. 5 x 9 km Victor Mine, De Beers (Diamonds, Northern Ontario): approx. 3.8 x 6 km Niobec Mine, Magris Resources (Niobium, Quebec): approx. 1.7 x 2 km James Bay Niobium Project: approx x 2 km

27 ENVIRONMENTAL IMPACT ASSESSMENT 27 One of the most important aspects in the development of the project will be to assess the impact on the environment, including: Water and soils Plants and trees Fish, animals and birds NioBay intends to carry out the environmental impact assessment with the full participation of the local communities. Traditional ecological knowledge will be a priority as well as working with the MCFN Elders to tap into their advice.

28 IMPORTANCE OF WATER 28 NioBay is conscious of the importance of the water for the environment and for the communities and their traditions; The Project is outside the North French watershed; Water management will be a priority, including in the design of the mine. Our focus will be to recycle and to minimize the use of the water; Tests, studies and design will be performed in full cooperation with the communities to assess potential impact on wildlife; Niobium processing is not recognized to harm the environment due to the types of reagents used and the nature of the ore.

29 OPPORTUNITIES 29

30 MAJOR EMPLOYMENT OPPORTUNITIES 30 Typical niobium mine employs hundreds of people during operations and construction. Jobs in the mine for skilled workforce: i.e.: miners, electricians, mechanics, pipefitters, welders, mill operators, carpenters, etc. Jobs in related areas: i.e.: transportation, logistics, administration, janitorial, food services, site security, repair and maintenance, etc. Training programs, education and skill set capacity building provided to local interested communities. Additional advantage: Because of the proximity to Moose Factory and Moosonee, daily transport services, to and from the worksite would be a great solution so that every workers could return to their homes at the end of a workday and be with their families, eliminating camp life, and turnarounds.

31 PARTNERSHIP WITH LOCAL COMMUNITIES 31 NioBay wants to enter into a true partnership agreement local communities for the project development and ownership; Aspects to be discussed in the partnership would include economic benefits as well as the mitigation of any impacts of the Project, including: Project monitoring and mitigation; Wildlife preservation; Nature of the partnership; Support for the community, including traditional concerns; Contracting and Procurement opportunities; Employment; Training & Career development; Financial participation; Other issues, as identified during the negotiations.

32 QUESTIONS AND COMMENTS 32

33 developing one of the most critical metals Claude Dufresne President & CEO 1111 St-Charles West, Suite 101, Longueuil (Quebec), Canada, J4K5G4 Tel: (514)