Slide 1: Niobec
Niobec ....
Slide 2: IAMGOLD Presenters
IAMGOLD Presenters • Name Title Steve Letwin President & CEO Carol Banducci EVP & CFO Denis Miville-Deschênes SVP, Project Development Steve Eddy Director, Corporate Development ® Page 2
Slide 3: Caution concerning forward-looking statements
Caution concerning forward-looking statements This presentation contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without li
Slide 4: ....
Niobec ....
Slide 5: Preliminary Economic Assessment
Preliminary Economic Assessment NI 43-101 Compliant Highlights: • Increase M&I resources by 691% to 1.93 billion kilograms • Triple annual production to 15 million kilograms per year • Maintain mine life in excess of 40 years at expanded production rate • Enhance margin to $28/ kilogram • Deliver af
Slide 6: Niobium Demand
Niobium Demand Increasing Niobium intensity in steel manufacturing ® Page 6
Slide 7: Niobium Demand
Niobium Demand FeNb Steel Consumption Consumption FeNb (tonnes) Steel (millions of tonnes) 2011+ : Growth 10% 02-06: + 17.3% 93-02 : + 8.3% 82-93 : Growth 0.2% Year ® Page 7
Slide 8: Niobec Mine
Niobec Mine • Saguenay: strong Industrial base, skilled workforce & sound infrastructure • Quebec ranked as 4th best mining jurisdiction in the world • Niobec employs 395 people Niobec ® Page 8
Slide 9: Niobec Production
Niobec Production Historical Production and Cash Flow Summary ($US millions, unless noted otherwise) 2008 2009 2010 Tonnage (000’s mt) 1,801 1,773 1,792 Grade Milled (%) 0.62% 0.61% 0.61% Niobium Production (000’s kg) 4,396 4,106 4,400 Niobium Sales (000’s kg) 4,201 4,347 4,300 Revenue ($ millions)
Slide 10: Niobec Resources
Niobec Resources Measured and Indicated Inferred PEA 458,110 336,445 May 2011 (000 tonnes) 0.42% 0.37% December 31, 2010 45,716 59,672 (000 tonnes) 0.53% 0.53% ® Page 10
Slide 11: Niobec: Open Pit
Niobec: Open Pit • A cross-section of a potential open pit scenario • To process 380 million tonnes @ approximately 10 million tonnes per year Section View 15,750N Roa T.S.F. MILL d Limestone 2T 3T 4T 560m Pit wants to go deeper. Could add over 100Mt ® or 10+ years 6T 730m Page 11
Slide 12: Niobec: Block Caving – Conceptual view
Niobec: Block Caving – Conceptual view Attractive opportunity to extract the ore in upper part of mine ® Page 12
Slide 13: Financial Analysis
Financial Analysis Block Caving Open Pit Tonnes processed (millions) 380 380 Strip ratio − 3.9 Estimated average annual mill throughput 10 million 10 million (tonnes) Estimated average annual production 13 15 (tonnes of kg Nb ) Operating margin after expansion ($/kg) 28 28 Estimated capital expendit
Slide 14: Rare Earth Elements (REEs)
Rare Earth Elements (REEs) Cerium (Ce) Lanthanum (La) Neodymium (Nd) Praseodymium (Pr) Samarium (Sm) Dysprosium (Dy) ® Europium (Eu) Page 14
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