DUMONT PROJECT

PROJECT SUMMARY

The Dumont Nickel Project held 100% by Magneto Investments L.P. is one of the largest undeveloped fully permitted and shovel ready nickel-sulphide deposits.

Dumont is a large-scale deposit located 25 km west of the town of Amos in the established Abitibi mining camp in the mining-friendly Canadian province of Québec.

When in production, Dumont is expected to rank among the top-five largest nickel sulphide operations in the world by annual production with an average annual production of 39kt of nickel for over 30 years. – only the mining operations at Norilsk (Russia), Jinchuan (China) and Sudbury (Ontario, Canada), will be larger.

Construction and operation of the mine and processing facilities will be facilitated by the presence of excellent infrastructure, including roads, rail and access to hydro power which contribute to lowering the environmental footprint of the project.

Ores from the mine will be processed using proven, conventional methods into a high-grade nickel concentrate, and then transported for further processing elsewhere. Once in operation, the mine will produce nickel for over 30 years.

The mine will have no acid-generating rock or tailings, which has beneficial implications for environmental management.

MINING

The Dumont deposit contains approximately 6.1 billion pounds of nickel in the proven and probable reserve categories (a proven and probable reserve of 1,028 million tonnes at 0.27% nickel) .

and 9.75 billion pounds of nickel in the measured and indicated categories (measured resource of 372 million tonnes at à 0,28 % nickel and indicated resource of 1,29 billion tonnes at 0,26 % nickel).

ORE PROCESSING

The ore extracted at Nion will be treated and transformed on the mining site to produce a concentrate with a high nickel content (29%). The technologies used in the concentrator are common technologies that have proven themselves. The concentrate produced will then be transported off site for additional processing to make it a product that meets potential customers. Concentrator processing capacity The concentrator will have a processing capacity of 52.5 kt/d of processed ore at start-up. In year 7, an expansion will bring this rate to 105 kt/d. The main stages of transformation at the concentrator are:

Ore crushing
Removal of fine particles (desliming)
Flotation for roughing and purification of fines
Roughing flotation, depletion and purification of sulphides
Magnetic separation, regrinding and recovery of awaruite
Concentrate Filtration Specifics of Nion Concentrate The concentrate produced at Nion will be a metal powder with a high nickel content of 29%. It will also contain 0.9% Cobalt, 1.4g/t Platinum and 3g/t Palladium.

PROJECT ECONOMY

The Dumont deposit contains approximately 6.1 billion pounds of nickel in the proven and probable reserve categories (a proven and probable reserve of 1,028 million tonnes at 0.27% nickel). This reserve is contained within a mineral resource that contains 9.75 billion pounds of nickel in the measured and indicated categories (a measured resource of 372 million tonnes at 0.28% nickel and an indicated resource of 1.29 billion tonnes at 0.26% nickel).

In the inferred resource category there is approximately 2.9 billion pounds of nickel (500 million tonnes at 0.26% nickel).

1. Nickel price assumptions are based on the average of forecasts for a panel of two independent external nickel industry analysts. The price assumption for cobalt, platinum and palladium are based on forecasts from Consensus Economics Inc.

DOCUMENTATION

Studies & reports