Niobay Metals Inc. (NBYCF)

[roberttatge]

[bProject”). This first phase of testing, performed by SGS Lakefield Inc, consisted of producing a Niobium concentrate, similar to the previous tests done on the James Bay Project’s ore.

The results demonstrated a 3% improvement from the Company’s market-leading Preliminary Economic Assessment (“PEA”) recovery, reaching up to 81.3% while producing a Niobium concentrate of 61.7%. In addition, the lack of deleterious material and low silicate content should translate in a significant reduction in acid consumption for the battery-grade Niobium oxide production. The first phase of metallurgical testing also contributed to optimizing the parameters and flowsheet design.

Table 1 : Nb2O5 Concentrate Grade (%) and Overall Recovery (%)

Average

Min

Max

Nb2O5

Grade (%)

59.8

56.8

61.7

Recovery (%)

74.7

67.9

81.3

The higher concentration, recovery and purity of the James Bay Project provides the best potential low-cost Niobium project in North America.

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Symbol Last Price Change % Change
NBYCFNiobay Metals Inc. 0.4310 +0.0694 +19.20%
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