- MDN Mines

Prairie Lake Property
High Grade Niobium
Potential Deposit
Canada
Prairie Lake
Property
Located in the Killala Lake Township, Ontario, Canada
Forward Looking Statements
This presentation contains certain “forward-looking statements”, including, but not limited to, the
statements regarding the Company’s strategic plans, its anticipated benefits and the use of
proceeds resulting thereof, in particular, future financial results, production targets and
timetables, the evolution of mineral reserves and resources, mine operating costs, capital
expenditures, work programs, development plans, exploration programs, objectives and budgets,
the possible determination of additional reserves, and the Company's eventual success to
execute its strategy to focus on building its portfolio of properties. Forward looking statements
express, at this date, the Company’s plans, estimates, forecasts, projections, expectations or
beliefs as to future events and results. Forward-looking statements involve a number of risks and
uncertainties, and there can be no assurance that such statements will prove to be accurate.
Therefore, actual results and future events could differ materially from those anticipated in such
statements. Risks and uncertainties that could cause results or future events to differ materially
from current expectations expressed or implied by the forward-looking statements include, but
are not limited to, factors associated with fluctuations in the market price of metals, mining
industry risks, exploration risks, risks associated with foreign operations, environmental risks and
hazards, uncertainty as to calculation of mineral reserves, requirement of additional financing or
additional permits, authorizations or licenses, risks of delays in construction and production and
other risks referred to in the Company’s Annual Information Form.
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Prairie Lake Property
 Located 45km northwest of Marathon, ON, Canada.
 Claims are surrounding the Nuinsco Resources carbonatite property. The
area of interests consists of the outer rims of the Nuinsco complex. This
structure is very similar to the St-Honoré carbonatite (Niobec).
 Exploration work took place on
the property in 2011 by Canadian
International Minerals Inc but the
focus was on REE.
 Work involved prospecting, rock
sampling et spectrometer surveys.
 Samples were not analyzed for their
Prairie Lake
niobium contents.
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High Grade Samples
Prairie Lake Properties
247 Claims - 4,000 hectares
Prairie Lake
210 Claims - 3,360 hectares
Trench #7
0.19 % Nb2O5
High Grade surface samples
Site #28: 1.63 % Nb2O5
20.66 % P2O5
Site #30
0.89 % Nb2O5
Nuinsco Resources
Prairie Lake South
37 Claims - 592 hectares
Site #21
520 ppm Ta
Site #21a
0.98 % Nb2O5
9.89 % P2O5
2 km
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Prairie Lake Property

MDN properties are surrounding Nuinsco property.

Very positive results were generated, especially toward niobium and phosphate
and MDN decided to acquire the property.
Prime target

Basically no overburden

MDN intends to conduct an
exhaustive exploration
program.

Objective is the definition of
an open-pit high grade
resources.

MDN’s focus is definitely on
value added niobium
production.
Nuinsco
Resources
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Site #28 High Grade Zone
0.45 % Nb2O5
0.04 % Nb2O5
0.70 % Nb2O5
9.11 % P2O5
TBD
0.14 % Nb2O5
4.83 % P2O5
0.38 % Nb2O5
11.52 % P2O5
0.89 % Nb2O5
7.30 % P2O5
0.12 % Nb2O5
0.66 % Nb2O5
7.14 % P2O5
0.41 % Nb2O5
3.05 % P2O5
1.63 % Nb2O5
20.66 % P2O5
0.59 % Nb2O5
0.80 % Nb2O5
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Producer
Niobium Producers & Projects
Asset, Owner
Resources & Grades
Comments
Niobec, Magris Resources
636 Mt1 @ 0.42% Nb2O5
+ 84 Mt Inferred @ 0.31% Nb2O5
• 2014: 8,400 t FeNb
• ~ 8 years mine life
• Sold for US$ 500 mm January 2015
Catalao, Anglo American
31.1 M t @ 0.97% Nb2O5
+ 53 Mt Inferred @ 1.12% Nb2O5
• 2015: 10,000 FeNb
• Completed a US$300mm expansion
Araxa, CBMM
440 M t @ 2.5%-3.0% Nb2O5
+ 700 M t @ 1.50% Nb2O5
Project
Elk Creek, Niocorp
Aley, Taseko
Maboumine, Eramet
Panda Hill, Cradle Resources
Sources: Company websites
81.2 M t @ 0.71% Nb2O5
+ 99.8 Mt Inferred @ 0.56% Nb2O5
259 Mt @ 0.37% Nb2O5
360 M t @ 1.02% Nb2O5
40 M t @ 2.50% Nb2O5
56 Mt @ 0.50 % Nb2O5
• 2014: ~ 110,000 FeNb
• 2017: ~ 150,000 FeNb
• Valued at US$13G
• Developing (PFS)
• Metallurgical tests, Drilling
• Market Capitalization of
US$100mm
• Developing (FS)
• Metallurgical tests, EIS
• Very High CAPEX
• Metallurgical Challenges
• Pilot plant 2015
• Developing
• PFS end of Q1 - 2015
1: From 2013 NI 43-101 technical report using block caving method
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Market Capitalization
Ferro-Niobium Projects
Market Capitalization1
CA$ Millions
700
600
500

The market gives value to the
definition of high grade resource

Possibility to propel MDN’s value
several times
87 x MDN
400
300
200
22x MDN
100
7,4
3.2 x MDN
MDN
Panda Hill
23,8
164,7
0
Niocorp
Grab sample 1.63% Nb2O5 56 [email protected]% Nb2O5
Sources: Yahoo Finance, Banque of Canada
81 [email protected]% Nb2O5
2: On March 6th, 2015
Niobec
646 [email protected]% Nb2O5
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Niobium End-Uses
Nb Chemicals
VG1 FeNb, NiNb
Nb Alloys
Nb Metal
Standard FeNb2

10 %
90 %
Crevier end-markets
Other : Cutting tools
Jet engines
Particle accelerators
Optical
Electronics
Jewellery
Chemicals
Prairie Lake end-markets
HSLA3 Steels : Pipelines
Highrise building
Bridges
Automobile body panels
Long products
Ship building
Structural
steels
Pipeline
steels
Automotive
steels
Niobium global demand to grow at a compound annual growth rate of 5 to 7 % through 2020.
Source: Camet Metallurgy, Roskill
1: Vacuum Grade
2: Ferro-Niobium
3: High Strengh Low Alloy
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High Valuation on Niobium Assets
 Only three producers of ferroniobium in the world.
 Very limited number of ferroniobium projects.
 High interest from import-dependent countries.
 Values associated to producers’ & projects’ assets are significant.
 High cash flow generators!




CBMM, world leader, is valued at US$13G.
Niobec was recently sold for US$500mm.
Catalao invested US$300mm to increase the capacity by 50%.
Underground Elk Creek project is valued at US$100mm at PFS stage.
 MDN Inc’s value should significantly increase!
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Prairie Lake Acquisition
 Prairie Lake Property:
 210 mineral claims in 16 blocks covering 3,360 ha.
 $190,000 and issuing a total of 2,850,000 common shares over 4 years.
 Exploration expenditures totaling $305,000 over 4 years.
 Prairie Lake South Property:
 37 mineral claims in 4 blocks covering 592 ha.
 $93,000 and issuing a total of 1,300,000 common shares over 4 years.
 Exploration expenditures totaling $115,000 over 4 years.

Deal structure allow progressive capital expenditures.

With this acquisition MDN reinforce its position in the niobium niche market.

MDN intends to conduct an exploration campaign to define a resource.

Sample assay results shows great potential for Ferro-Niobium production.
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Work Program
 Financing up to $1.5 to $2mm in Q2 2015.
 Exploration program summer 2015 to include;




Cartography
Hi-Definition MAG survey
IP
Drilling
 Focus on niobium targets.
 Number of sites showing high
radiometry readings
 The property is a great
playground for geologists!
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Contact
Claude Dufresne
President & CEO
1693 St-Patrick Street,
Suite 106,
Montreal (Quebec),
Canada, H3K 3G9
Tel: (514) 866-6500 x 221
Cell: (514)-996-5728
[email protected]
developing two of the world’s most critical metals
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