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AGM Presentation June 19, 2014
TSX: ORT OTCQX: EORBF
TSX: ORT OTCQX: EORBF
Annual and Special Meeting of Shareholders
Certain information contained in this document may include “forward-looking statements”. Forward-looking statements may include statements regarding Orbite Aluminae Inc. (“Orbite” or the “Company”) intentions, beliefs or current expectations about its projects, costs, objectives and future returns of the Company, or hypotheses underlying these items. In this document, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements are based on information available at the time and/or management’s good-faith beliefs with respect to future events, and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. These risks uncertainties and assumptions include, but are not limited to, those described in the section of the Management’s Discussion and Analysis (MD&A) entitled “Risk and Uncertainties” as filed on May 3, 2014 on SEDAR ,and in the section ‘’Risk Factors’’ of the Annual Information Form of March 30th, 2012 also filed on SEDAR, and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company does not intend, nor does it undertake any obligation to update, or revise any forward-looking statements or other information contained in this document to reflect subsequent information, events or circumstances or otherwise, except as required by applicable laws.
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TSX: ORT OTCQX: EORBF
producer of smelter grade alumina /
producer of high purity alumina /
red mud remediation company for alumina extraction
We were going to be a …
TSX: ORT OTCQX: EORBF 3
TSX: ORT OTCQX: EORBF
What we will be.…
SHORT TERM
Specialty products producer
MID-TERM
Waste monetization Company
LONGER TERM
Commodity products producer
Opportunities beyond alumina Based on unique and disruptive processing technology
TSX: ORT OTCQX: EORBF 4
TSX: ORT OTCQX: EORBF
Today’s resource processing is
inefficient and creates waste
TSX: ORT OTCQX: EORBF 5 © Orbite – Confidential
TSX: ORT OTCQX: EORBF
WASTE ELEMENTS Gallium / Scandium / Hematite / Silica
/ Alumina / Rare Earths
ALUMINA
BAUXITE
Inefficient: value is thrown away
6
TSX: ORT OTCQX: EORBF
RARE EARTHS Growing demand, uncertain supply, no substitutes
We need the value in that waste
ALUMINA Rapid decline in bauxite quality = increasing OPEX
TSX: ORT OTCQX: EORBF 7
TSX: ORT OTCQX: EORBF
3B tonnes of red mud
stored globally
550M tonnes of fly ash
produced annually
Ongoing liabilities for producers and communities
TSX: ORT OTCQX: EORBF 8
TSX: ORT OTCQX: EORBF TSX: ORT OTCQX: EORBF 9
We can fix all of that
TSX: ORT OTCQX: EORBF
OUR TECHNOLOGY EXTRACTS
all high-value products with only inert residue remaining
10
TSX: ORT OTCQX: EORBF
…from mining, to sustainable mining, to environmental remediation, to today’s multiple business lines
1983
Began as a mineral exploration company
2012
Beginning of the construction of the HPA plant
2014
3tpd HPA plant moving towards completion
2007
First patent application filed for SGA production
2013
Application of Orbite Process to other feedstocks. Initiated waste monetization initiative
In short, we’ve evolved…
11
TSX: ORT OTCQX: EORBF
2013 – the year in review
TSX: ORT OTCQX: EORBF 12
TSX: ORT OTCQX: EORBF
2013 – a year of challenges
Delays / Cost overruns / Lack of focus /
Communication not enough results driven
TSX: ORT OTCQX: EORBF 13
TSX: ORT OTCQX: EORBF
But also of change and accomplishment
Board & Management changes /
Renewed focus / Cost rationalization / Funding /
Provincial and federal government support
TSX: ORT OTCQX: EORBF 14
TSX: ORT OTCQX: EORBF
A strong base to build on
TSX: ORT OTCQX: EORBF 15
TSX: ORT OTCQX: EORBF
Technology Development Centre
16
(1) Total plant capex estimated at $106M, including RITCs (Refundable income tax credits are 40% of the first $75M and %5 thereafter).
State-of-the-art Technology Piloting Facility Process development and optimization
Product Customization Proprietary product characterization
Technical Staff 6 Scientists / 3 Technicians
TSX: ORT OTCQX: EORBF
$105 million extraction and purification facility
Fully qualified operations and engineering staff / Industrial-class facility / Start commercial operations: Q1-2015
High Purity Alumina (HPA) facility
TSX: ORT OTCQX: EORBF 17
TSX: ORT OTCQX: EORBF
DEC 2013
Funding
Technical issues HPA1 addressed
JUL 2014 ONWARDS
Equipment installation & plant construction
JAN 2015
Start commercial production
JUN 2014
Calcinator delivery
Tender process for construction
HPA timeline
TSX: ORT OTCQX: EORBF 18
TSX: ORT OTCQX: EORBF
Sufficiently capitalized through to commercialization /
On time and within budget / Plant Manager appointed /
Successful limited production run /
Re-engaging customers / Sample shipments
TSX: ORT OTCQX: EORBF
Progress …
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Moving forward
TSX: ORT OTCQX: EORBF 20
TSX: ORT OTCQX: EORBF
Focused commercialization
21
FEEDSTOCK
Recycled Aluminum, Aluminum, SGA,
Al. Hydroxide
Aluminous Clay, Bauxite, Kaolin, Nepheline,
Red Mud, Fly Ash, Mine Tailings
SPECIALTY PRODUCTS COMMODITY MINERALS WASTE MONETIZATION
High-Purity Alumina (4N-5N) Gallium, Scandium, REE, RM
Smelter-Grade Alumina, Hematite, Silica
Silica, Titanium, Scandium, Gallium, REE and RM
TSX: ORT OTCQX: EORBF
Specialty products – HPA, REEs, RMOs
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(1) Total plant capex estimated at $106M, including RITCs (Refundable income tax credits are 40% of the first $75M and %5 thereafter).
Commercial HPA production to commence in Jan 2015 /
Conversion to chloride process and scandium and gallium recovery circuit to be commissioned in 2015 /
Upgrade to 5 tpd in 2015 /
Subsequent optimization and expansion for recovery of other specialty products such as Rare Earths
TSX: ORT OTCQX: EORBF
HPA
*4N stands for 99.99% purity, 5N for 99.999%
17 340
21 240
25 360
30 360
34 390
2012 2013 2014 2015 2016
The premium market is mainly for 4N* to 5N* purities
HPA prices: $15,000-30,000 per tonne, depending on characteristics and application
Confident of producing up to5N consistently
Market expected to strengthen beyond current outlook
GLOBAL HPA DEMAND (tpa)
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TSX: ORT OTCQX: EORBF
Commercial demonstration for waste monetization and commodities projects
Formalization of plant design for the use of various feedstocks: red mud, fly ash, mine tailings, clay
Fully equipped for materials handling
Feedstock preparation in place
Will continue to produce HPA
Conversion of HPA facility to chloride-based process
TSX: ORT OTCQX: EORBF 24
TSX: ORT OTCQX: EORBF
Waste Monetization
Turning liabilities into assets
Extraction of all value from industrial waste feedstock while only inert residue remains (<10%)
Initial focus on red mud monetization (RMM) Discussions with Veolia for global commercialization
Subsequent focus on fly ash monetization (FAM) and mine tailings monetization (MTM)
Director of Engineering appointed to spearhead technical realization
TSX: ORT OTCQX: EORBF 25
TSX: ORT OTCQX: EORBF
Why now
No mines to develop / Already in industrial zone /
Transportation and energy infrastructure in place /
Resource with negative value to current owners /
Customer is right next door
TSX: ORT OTCQX: EORBF 26
TSX: ORT OTCQX: EORBF
Commodities
Binding 10-year off-take agreement signed with Glencore for 100% of planned plant’s SGA production
To become a low-cost, strategically located producer of commodities such as SGA, magnesium, silica and hematite First smelter grade alumina (SGA) plant to be built in Quebec /
World’s third largest aluminum producing region, fully dependant on the import of alumina /
Feedstock will be aluminous clay from the Company’s Grande-Vallée deposit /
Negotiations soon to be initiated with potential joint-venture partners, Glencore interested
TSX: ORT OTCQX: EORBF 27
TSX: ORT OTCQX: EORBF
2014 Q1-Q4
HPA facility 3 tpd construction & commissioning
2015 Q2-Q4
5 tpd HPA engineering and conversion
2016 ONWARDS Q1 2015 ONWARDS
HPA 3 tpd production
Commercialization timeline
TSX: ORT OTCQX: EORBF 28
5 tpd production
Scandium & Gallium production
Waste monetization commercial demonstration
Design & construction of first 100-200 ktpa industrial scale plant
TSX: ORT OTCQX: EORBF
The new Orbite