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‘’diversified junior exploration/development company’
THE ONLY PLAY IN NIOBIUM
MARCH 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 - World Supply
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Araxa
Niobec
Catalao
8%
Source: Camet Metallurgy Inc
8%
84%
Sold US$500 M / CEF Holdings HK (Li Ka-shing) - Temasek (Singapore) – A. Regent
Sold US$1.7B / China Molybdenum (CMOC)
US$ 2B net profit 2018 / Moreira Salles Family (Brazil)
Only 3 producers share the world market for + 40 years
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 Resources
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 (~6 Mt). Resource based on an underground operation. High potential to increase resources.
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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
2020 Drill Program – James Bay
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275m
Drill Began in February
3,500 m / 7 holes
$1.3M Cost estimate
April Initial results
43-101update- June2020
PEA Preliminary Economic Assessment is expected by Q4 2020
Target
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Drill Hole Locations
Section 200N
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E1E2E3
400m
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Section 400N
E4E7
400m
Section 600N
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E5E6
400m
Drill Rig
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Benchmark Niobec1 vs James Bay2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
Grade (% Nb2O5) Recovery (%) Prod ('0000 kg)
Niobec James Bay
5% W
orld
Sha
re
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0
100
200
300
400
500
600
700
800
Resources (M t) EBITDA (M US$) Value1 (M US$)
Niobec James Bay
1. Niobec data from historical, estimates & public.2. Niobay data are not 43-101 compliance.
Niobec valued between US$ 750M and US$ +1BBased on 5 to 8 X EBITDA
Claims and Leases
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Valentine Project
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• Geophysic (mag)
• Historical;• Niobium end hole
Additional Ground Works James Bay
James Bay Niobium Geophysics High Gravity south High Mag south
22Ontario Geological Survey, MAG Survey Missed James Bay Niobium Project
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 $24 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 10%
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
