DUMONT PROJECT

Dumont Highlights

• Strategically located in the established Abitibi mining camp
• One of the largest undeveloped nickel and cobalt reserves
• Fully permitted and in close proximity to roads, rail, an airport, and low-cost power supply
• Open pit mine with a reserve life of 33 years, expected to reach commercial production around 2020
• 2P reserves of ~6,900 Mlbs Ni and ~278 Mlbs Co
• Annual production of 33kt Ni and 1 kt Co for the 5 years; ramp up to annual production of 51 kt Ni and 2 kt Co thereafter

Royalty Highlights

• Life-of-Mine 1.75% Net Smelter Returns (NSR) Royalty
• Repurchase option on 0.375% of the NSR Royalty for US$15 mm, exercisable in July 2019 or July 2020

Images (click to view larger)

Location Map

Cobalt reserves benchmarking (kt co)

Nickel reserves benchmarking (mt ni)