Slide 1: DNI Metals Inc - Alberta Black Shale Metals Projects
DNI METALS INC May 2012 Alberta Black Shale Metals Projects Mo – Ni – U – V - Zn – Cu – Co –Li – (Ag, Au, REE) Safe Harbour Athabasca Region, Alberta, Canada - 2,720 sq km - DNI 100% Statement This presentation includes forward looking statements. While these statements represent our best current ju
Slide 2: Polymetallic Black Shales
Polymetallic Black Shales ”Trapped” Metals No Longer Challenge Recovery First Polymetallic Black Shale Bio-Heap-Leaching Mine Started Production 2008 Talvivaara Mine Ni-Co-Zn-Cu-(Mn)-(U) - Finland – Subarctic Discovered mid 1990’s – “Shelved” - Could Not Be Recovered by Traditional Methods Equity Su
Slide 3: DNI Alberta Black Shale Metals Projects
DNI Alberta Black Shale Metals Projects Six Polymetallic Properties - 2,720 sq km 2 Large Mineralized Zones* Buckton Inferred Resource ~250 million tons Open Inferred Resource Initial resource over 5.7 sq km Mo- Mo-Ni- Ni-U-V-Zn- Zn-Cu- Cu-Co- Co-Li- Li-(+REE) +2 Drill Ready Properties +2 Early Stag
Slide 4: Uniform Bulk Grades Over Long Distances
590 600 610 620 630 640 650 660 670 680 690 700 710 720 0 4 50 100 150 200 590 600 610 620 630 640 650 660 670 680 690 700 710 720 0 50 100 150 200 590 600 610 620 630 640 650 660 670 680 690 700 710 720 0 50 100 150 200 590 600 610 620 630 640 650 660 670 680 690 700 710 720 0 50 100 150 200 590 60
Slide 5: Large Mineralized Zones + Other Targets
DNI Alberta Black Shale Metals Projects 2 Large Mineralized Zones* + 4 Other Targets Overall ~2,700 km2 Property Six Prospective Systems Mo- Mo-Ni- Ni-U-V-Zn- Zn-Cu- Cu-Co- Co-Ag- Ag-(Au,Li) (Au,Li) 100-300 sq km each Buckton Resource Study 2011 Scoping Study 2012 BUCKTON ZONE Mineralized Zone* - 26
Slide 6: The Buckton Mineralized Zone (NI-43-101)
DNI Alberta Black Shale Metals Projects The Buckton Mineralized Zone* (NI-43-101) Buckton Mineralized Zone* - Bulk Average Grade Estm 1.4- 1.4-1.5 Billion short tons – 26 sq km – 20.5- 20.5-21.9m thick Grade Range Grade Range Gross Metal/Oxide Content (lb) (oz)* (ppm) (lb/st)(opt) Low Estimate High
Slide 7: Good Metals Recoveries – Leaching R&D
DNI Alberta Black Shale Metals Projects Good Metals Recoveries – Leaching R&D Good Metals Recoveries Initial BioLeaching Tests + Sulfuric Acid Leaching Tests Ni-U-Zn-Co-Cd 80%-90%+ Mo-V-Cu-Li 30%-50% Ongoing R&D to Optimize Recoveries BRGM DNI CANMET 2009-2010 ARC 2009-2011 2009-2012 2012 Incidental
Slide 8: Bulk Mining Benchmarks
DNI Alberta Black Shale Metals Projects Bulk Mining Benchmarks In-Situ Recovered Value High Enough to Compel “Close Look” Viability = Efficient Collective Recovery What is Maximum Recovery? At What Cost? Operating Cost Benchmarks – Bulk Mining High Tonnages Talvivaara – BioHeapLeaching ~$11/t Typica
Slide 9: The Buckton Inferred Resource (NI-43-101)
DNI Alberta Black Shale Metals Projects The Buckton Inferred Resource (NI-43-101) Buckton Mineralized Zone – 26 sq km 1.4-1.5 billion tons “Blocked Out” Buckton Inferred Resource* 250 million tons 5.7 sq km – Under <75m Overburden - Open North & South for 6+ km Mo- Mo-Ni- Ni-U-V-Zn- Zn-Cu- Cu-Co- Co
Slide 10: The Buckton Inferred Resource (NI-43-101)
DNI Alberta Black Shale Metals Projects The Buckton Inferred Resource (NI-43-101) Buckton Inferred Resource is Under <75m Overburden Cover Larger Mineralized Volumes Under Thicker Cover Larger Mineralized Volume* ~400 million tons Buckton Larger Mineralized Volume* ~550 million tons Under <100m Over
Slide 11: The Buckton Inferred Resource (NI-43-101)
DNI Alberta Black Shale Metals Projects The Buckton Inferred Resource (NI-43-101) Buckton Inferred Resource is Under <75m Overburden Cover Larger Mineralized Volumes Under Thicker Cover Overburden Cover - Contains Li + REE o/b ~3.0 billion tons o/b ~2.3 billion tons o/b ~1.4 billion tons 750 o/b ~76
Slide 12: Other Polymetallic Black Shale Projects
Other Polymetallic Black Shale Projects Only 5 Others Worldwide – New Deposit Type • Talvivaara Mine – Finland – Ni-Co-Zn-Cu (Mn,U) – Talvivaara Mining Co. Kainuu JV Projects – Finland - Ni-Co-Zn-Cu – Western Areas NL & Magnus Minerals • MMS Viken Property – Sweden – U-Mo-V (Oil,Ni) – Continental Pr
Slide 13: Polymetallic Black Shales – Finland
Polymetallic Black Shales – Finland Talvivaara Polymetallic Black Shale Mine Primary Pit Plant 1.5+ billion tonnes Secondary Open Pit 15MM tpa -> 75-100yr LOM Grade Ni 0.23% (5 lb/t) Co 0.02% (0.4 lb/t) Zn 0.55% (11 lb/t) Cu 0.14% (2.8 lb/t) U ~15- ~15-20 ppm (0.03- 0.03-0.04 lb/t) Co- Co-product U
Slide 14: Milestones - Timelines - Next Steps
DNI Alberta Black Shale Metals Projects Milestones - Timelines - Next Steps !2007- 2007-2008 Property Land Assembly !2008- 2008-2009 Data Consolidation & NI-43-101 !2009- 2009-2010 Demonstrate Collective Metals Recovery Leaching Testwork - BRGM/ARC/DNI !2010- 2010-2011 First Drill Program - Infill B
Slide 15: DNI Metals Inc. Corporate Profile
DNI METALS Inc. Corporate Profile Capital Structure Directors & Officers Share Price (CAN$) --– yr range $0.10-$0.74 Denis A. Clement LLM - Chairman & Director Shares Issued ------------------- 68 million Fully Diluted --------------------- 79 million Shahé F. Sabag MSc PGeo - President-CEO and Dire