Namibia Critical Metals Inc. · TSXV:NMI
Namibia Critical Metals — Investor Presentation (November 2021)
28 slides from Namibia Critical Metals's investor presentation, Nov 1, 2021
Slide 1: Namibia Critical Metals: A Dynamic Explorer from Discoveries to Development
TSX-V: NMI Namibia Critical Metals A Dynamic Explorer from Discoveries to Development October2021
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 191,324,399 Options 13,685,000 Warrants 3,153,766 Fully Diluted 208,163,165 Insider Ownership 65% Market Capitalization CAD 47 mill
Slide 4: Project Generation and Development Team with Strong Track Record in Africa
Project Generation and Development Team with TSX-V:NMI Strong Track Record in Africa 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 TSX-V:NMI Strong Track Record in Africa Gerry McConnell, QC – Strategic Advisor: Founder of Namibia Rare Earths (now Namibia Critical Metals Inc.) with IPO financing of C$28m. Former Chair, Founder and CEO of NovaGold Resources; former Chair and CEO of Et
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 and large exploration Epembe company in Namibia Development of Lofdal HREE deposit through feasibility to production - fully funded by JOGMEC Grootfontein Current greenfields explora
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: NMI Milestones
NMI Milestones TSX-V:NMI 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 - 4,060 tonnes dysprosium oxide and 620 tonnes terbium oxide in M&I July Mini
Slide 10: 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 11: 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 12: 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 13: Flowsheet development for “Lofdal 2B-4”
Flowsheet development for “Lofdal 2B-4” TSX-V:NMI Sorting to improve mass rejection and upgrading RoM 1.8-2.3 Mt/a Aim for coarser grind in rougher Rougher & 2 stages Cleaner Flotation and finer grind in cleaner = lower power costs & lower Hydromet Plant collector consumption. • Acid Bake Aim for am
Slide 14: Lofdal Area 4 Sections from Resource Model
Lofdal Area 4 Sections from Resource Model TSX-V:NMI • HREO continuous to depth • HREO and LREO correlating but clear distinction of high grade HREE zones • High grade HREE zones more consistent than LREE 250m • Splays of main zone into hanging wall: Relatively consistent hanging wall zones adjacent
Slide 15: Lofdal Heavy Rare Earths Deposit: Resource Statement May 2021
Lofdal Heavy Rare Earths Deposit: Resource Statement May 2021 TSX-V:NMI Area 4 Measured and Indicated Resources Cut-off TREO % TREO % LREO % HREO % Dy2O3 ppm TONNES Compared to 2014 PEA 0.05 0.14 0.07 0.07 72 63,678,527 0.10 0.17 0.08 0.09 90 42,566,210 731% increase in total resources from 0.15 0.2
Slide 16: Lofdal Resource 2021: Individual HREO grades and tonnages
Lofdal Resource 2021: Individual HREO grades and tonnages TSX-V:NMI HREO (kt) • Factor 3.5 increase in HREO resources from 13,750 t to 47,560 t PEA 2021 47.56 PEA 2014 13.75 • Critical HREO contained: 4,733 t Dy2O3 and 725 t Tb2O3 increase 3.46 Area 4 at 0.1% TREO cut-off Tonnes TREO* La2 O3 Ce 2 O3
Slide 17: 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) 1.8Moz • All
Slide 18: 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 19: 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 and nickel-
Slide 20: Appendix
Appendix NAMIBIA CRITICAL METALS INC.
Slide 21: Grootfontein Gold Targets (Press Release December 14, 2020)
Grootfontein Gold Targets (Press Release December 14, 2020) TSX-V:NMI • Three gold targets defined to date at Grootfontein by systematic (400 x 100 m) soil sampling. Low detection limit gold anomalies are coincident with structurally complex areas • Highlands Target covers 25 km2 and Rothof Target h
Slide 22: Grootfontein Project
Grootfontein Project TSX-V:NMI Large land package with high exploration potential for 3 types of deposits: Orogenic Gold, Magmatic Copper-Nickel (Voisey’s Bay type) and Lead-Zinc-Silver-Vanadium (MVT type) Berg Aukas Syncline: Highly • Interpretation of airborne magnetic prospective for Pb-Zn-Ag-V d
Slide 23: Structural/Geological Context of Highlands Target Area
Structural/Geological Context of Highlands Target Area TSX-V:NMI 20 km 10 km Grootfontein Mafic Complex Highlands gold target is closely related to second order structures along the contact, and within the boundary of the Grootfontein Mafic Complex with coincident arsenic anomaly (coloured contours)
Slide 24: Geophysical Surveys at Grootfontein
Geophysical Surveys at Grootfontein TSX-V:NMI Ultra-high resolution magnetic survey by UAS Flightec Ground IP survey by GSG of Rothof target Eastern Shear Target SkyTEM contracted for heli-borne EM Rothof targeting Cu-Ni, Au, Pb-Ag-Zn-V, survey Target planned for June 2021 EPL5992 EPL6561 Waterberg
Slide 25: Exploration Grootfontein: Preliminary Results IP and Drone Mag
Exploration Grootfontein: Preliminary Results IP and Drone Mag TSX-V:NMI First ground IP data from Rothof target: • Clearly mark Grootfontein Shear Zone as low resistivity zone (hosts Ni mineralisation to the east) • Relatively weak IP response Way forward: 1) Complete IP survey (end March) 2) IP/AM
Slide 26: Erongo Gold Project
Erongo Gold Project TSX-V:NMI Two High-Priority Target Zones defined by interpretation of geological and airborne magnetic data: • NE-trending Kanona Fault Zone first order structure with 14 km corridor of prospective 2nd order structures in Damaran metasediments (equivalent to Osino’s Twin Hill Pro
Slide 27: Erongo Gold Targets (Press Release December 14, 2020)
Erongo Gold Targets (Press Release December 14, 2020) TSX-V:NMI • Priority target areas defined by intense arsenic soil anomalies associated with the Kanona Fault Zone in Kuiseb Formation Quartz veins in Kuiseb schist • Strike lengths are 2.5 - 6 km with several discrete clusters parallel to 2nd ord
Slide 28: Epembe Ta-Nb Project
28 Epembe Ta-Nb Project TSX-V:NMI Advanced stage exploration with well-defined multiphase carbonatite dyke • Strike length of 10 kilometers • Indicative grades from 11,000 m of drilling 150 ppm Ta2O5 and 1,300 ppm Nb (not 43-101 compliant) • Initial sorting tests (XRT) indicate the potential for 5X
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