Slide 1: Development of Lofdal – A Tier-1 Heavy Rare Earth Deposit
TSX-V: NMI OTC: NMREF Namibia Critical Metals Development of Lofdal – A Tier-1 Heavy Rare Earth Deposit March 2023
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: The Lofdal Story
The Lofdal Story TSX-V:NMI Namibia Critical Metals: Tier-1 Heavy Rare Earths in Development Dy Dysprosium Tb Terbium Globally Significant Heavy Rare Earth Metals Deposit Fully Permitted Lofdal Project with 25 Year Mining License TSXV:NMI Development Funded under JV with Japanese Government/JOGMEC OT
Slide 4: Market Capitalization
Market Capitalization TSX-V:NMI Listings TSX Venture Exchange (“NMI”), OTC (“NMREF”) Head Office Halifax, Nova Scotia Operations Office Windhoek, Namibia Shares Issued 196,634,399 Options 15,225,000 Warrants 6,625,989 Fully Diluted 218,485,388 Insider Ownership 24% Single Largest Shareholder 42% (Ba
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 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 6: 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 7: 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 8: 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 9: 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 10: Accelerated Exploration and Project Development from 2020
Accelerated Exploration and Project Development from 2020 TSX-V:NMI 2020 Drilled over 16,000 meters with zero downtime during Covid lockdowns 2021 May Updated 43-101 Resource on Lofdal Area 4 and Area 2B: • More than 650% increase in Measured and Indicated tonnes TREO • Total resources increased fro
Slide 11: 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 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: Overview Processing Test Work
Overview Processing Test Work TSX-V:NMI • Intensive test work over ten years • Challenge: understand mineralogy and processing characteristics of the unusual and fine grained xenotime ore • Gravity and magnetic separation tests resulted in low upgrades and low recoveries • Sorting by XRF and XRT sho
Slide 14: Flowsheet development for “Lofdal 2B-4”
Flowsheet development for “Lofdal 2B-4” TSX-V:NMI Sorting to improve mass rejection and upgrading RoM 1.8-3 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 ambi
Slide 15: 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 16: CSR: Expanded Early Learner’s Support Program
CSR: Expanded Early Learner’s Support Program TSX-V:NMI • The Company expanded it’s “Early Learner’s Assistance Program” with the start of the 2023 school year. • 200 school uniforms and backpacks were handed over by the Company to five primary schools situated around the Lofdal project, 4 schools i
Slide 17: 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. ✓ Fully Funded PFS underway ✓ Experienced project teams in place in Namibia ✓ ESG program rolled out and strengthened Right project - Right