Slide 1: Accelerating Development of Lofdal – A World Class Heavy Rare Earth Deposit
TSX-V: NMI OTCQ: NMREF Namibia Critical Metals Accelerating Development of Lofdal – A World Class Heavy Rare Earth Deposit June 2022
Slide 2: Forward Looking Statements
Forward Looking Statements TSX-V:NMI This presentation contains forward-looking statements that relate to the Company's current expectations and views of future events. Rainer Ellmies, EurGeol, is the Company’s Qualified Person and has reviewed and approved the content of this presentation. In some
Slide 3: Market Capitalization
Market Capitalization TSX-V:NMI Listings TSX Venture Exchange (“NMI”), OTCQ (“NMREF”) Head Office Halifax, Nova Scotia Operations Office Windhoek, Namibia Shares Issued 196,634,399 Options 12,125,000 Warrants 6,903,766 Fully Diluted 215,663,165 Insider Ownership 24% Single Largest Shareholder 42% (B
Slide 4: Project Generation and Development Team with Strong Track Record in Africa
Project Generation and Development Team with Strong Track Record in Africa TSX-V:NMI William L. Price - Chair: Mr. Price is the former Chairman and Global Chief Investment Officer of Dresdner RCM Global Investors and CIO for equities at Allianz Dresdner RCM. Following his retirement in 2003, Mr. Pri
Slide 5: Project Generation and Development Team with Strong Track Record in Africa
Project Generation and Development Team with Strong Track Record in Africa TSX-V:NMI Gerry McConnell, Barbara Mulcahy, Kaarina Ndalulilwa, Uda Nakamhela, B.A. Donald M. Burton, MSc, Scott Swinden, PhD, QC – B.Eng, PR.Eng – BScGeol – LL.M. - Legal, PGEO – PGEO – Strategic Advisor Metallurgical Adviso
Slide 6: Namibia – Top Mining Investment Destination in Africa
Namibia – Top Mining Investment Destination in Africa TSX-V:NMI ✓Mining friendly ✓Socially and politically stable ✓Strong rule of law ✓Mid-income country A. Robberts www.travelnewsnamibia.com ✓Excellent infrastructure ✓Strong support by Geological Survey of Namibia
Slide 7: NMI - Successful Explorer with Value Driven Project Portfolio
NMI - Successful Explorer with Value Driven Project Portfolio TSX-V:NMI Namibia Critical Metals is a well established exploration company in Epembe Namibia Focus is development of the Lofdal HREE deposit through feasibility to production. Fully funded by Grootfontein JOGMEC. Current greenfields expl
Slide 8: NMI Milestones
NMI Milestones TSX-V:NMI 2011 NMI (Namibia Rare Earths) spun out from sale of Etruscan Resources to Endeavour Mining with $28M IPO 2012 Maiden 43-101 Resource on Lofdal Heavy Rare Earth project (6.2 Mt Indicated and Inferred Resources) 2014 PEA Lofdal Area 4: 1500 t/a TREO production; Capex $175M; N
Slide 9: Development of Lofdal Deposit in Partnership with JOGMEC
Development of Lofdal Deposit in Partnership with JOGMEC TSX-V:NMI • Japan Oil, Gas and Metals National Corporation (JOGMEC) has +/-US$17 billion budget mandated to secure critical commodity supplies for Japanese industry • Strategic joint venture providing 100% funding for Lofdal with right to sole
Slide 10: Lofdal Deposit Significant for Global HREE Supply
Lofdal Deposit Significant for Global HREE Supply TSX-V:NMI The only two significant HREE projects in the world with simple xenotime mineralogy are Lofdal and Browns Range (Australia). Note: NMI is targeting to increase annual production from 1,500 tpa TREO (“Lofdal PEA”) to 3,000 tpa TREO (“Lofdal
Slide 11: Accelerated Exploration and Project Development
Accelerated Exploration and Project Development TSX-V:NMI 2020 Drilled over 16,000 meters 2021 April JOGMEC moves to Term 2 of JV and accelerates expenditures May Updated 43-101 Resource on Lofdal Area 4 and Area 2B: • More than 650 Percent Increase in Measured and Indicated tonnes TREO • Total reso
Slide 12: NMI Milestones: Lofdal Drilling Summary
NMI Milestones TSX-V:NMI Lofdal Drilling Summary 2008 -2016 JOGMEC 2020 TOTAL PROJECT Area Holes Meters Holes Meters Holes Meters 2 30 3398 30 3,398 2B 29 4,400 29 4,400 4 Resource 110 12,634 56 10,162 166 22,796 4 Metallurgy 6 1,022 6 1,022 5 57 5,595 57 5,595 6 24 4,495 24 4,495 7 1 239 1 239 8 7
Slide 13: Lofdal Heavy Rare Earths Deposit: Update on Project Development
Lofdal Heavy Rare Earths Deposit: Update on Project Development TSX-V:NMI Lofdal HREE mineral province is of district scale with • Maiden Resource of 6.18 Mt@0.24% HREO (Area numerous HREE deposits 4, PEA 2014) • Xenotime mineralisation of economic importance is associated with jogs of carbonatite-a
Slide 14: NMI Tenements in Namibia’s Gold Belt
NMI Tenements in Namibia’s Gold Belt TSX-V:NMI Central Namibian Gold Belt hosts >6 Moz in two gold mines: Otjikoto Mine of B2Gold (BTG:TSX) and Navachab Mine of QKR. Renewed interest in the belt driven by more advanced exploration projects such as Twin Hills of Osino Resources (OSI:TSX) 1.94 Moz • A
Slide 15: Near Term Corporate Objectives
Near Term Corporate Objectives TSX-V:NMI ✓ Develop Lofdal with JOGMEC through feasibility to production ✓ Demonstrate gold potential at Grootfontein and Erongo
Slide 16: Summary
Summary TSX-V:NMI ✓ Lofdal Mineral Resource Statement exceeded all expectations and with 25 year mining licence issued, Lofdal is now a fully permitted project. ✓ Metallurgical test work extended and accelerated with positive results on improvements of preferred flowsheet ✓ Advanced gold exploration