Project: Blue River Tantalum & Niobium oxides.2015-09-02_20-35-49

Place: British Columbia.

Property Size: 190km with room for expansion.

Infrastructure: Good road/rail/water & electricity.

Resource size: Indicated and inferred 22 million pounds tantalum.

PEA completed and done by Amec Foster Wheeler.

Geology: Carbonatites hosted, igneous rock with high recoveries.

271 drill holes.

Mine life: +10 years.

700,000lbs per year production of Ta205 oxide.
6,300,000lbs per year production of Nb205 oxide.

Operating Cost: *CAD38,44/t milled recoveries 75% minimum.


Phase 1: *CAD30 million to get to BFS as outlined for work program by Amec.
Phase 2: *CAD379 million Capex (estimated capital expenditure for construction of mine and processing facilities).

*Use rate 1.3 for USD to CAD conversion.