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Rare Earth Element Projects Seabrook and Big Beaver House

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9<br />

Carbonatite REE Mine Example<br />

• Production at the Niobec mine<br />

began in 1976.<br />

• Niobec mine has an excellent<br />

history of reserve renewal over<br />

30 years of operation.<br />

• 29.5 million tonnes grading<br />

0.68% Nb 2O 5 Produced<br />

• Currently producing<br />

approximately 7-8% of world<br />

consumption.<br />

• 23.5 million tonnes grading<br />

0.59% Nb 2O 5 current<br />

Measured & Indicated<br />

Resources<br />

(modified from Iamgold, 2009 43-101 Technical Report)

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