• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Mason Graphite (TSX.V: LLG / OTCQX: MGPHF) Corporate Presentation - May 13, 2014
 

Mason Graphite (TSX.V: LLG / OTCQX: MGPHF) Corporate Presentation - May 13, 2014

on

  • 3,261 views

Mason Graphite is a Canadian mining company focused on the exploration and development of its 100% owned Lac Guéret graphite property, located in northeastern Québec. The property hosts a National ...

Mason Graphite is a Canadian mining company focused on the exploration and development of its 100% owned Lac Guéret graphite property, located in northeastern Québec. The property hosts a National Instrument 43-101 compliant Mineral Resource featuring 50,024,000 tonnes grading 15.6% Cg, including 6,672,000 tonnes at 32.4% Cg, in the Measured and Indicated categories and 11,861,000 tonnes at 17.1% Cg, including 2,637,000 tonnes at 30.5% Cg, in the Inferred category. Excellent potential exists for further mineral growth. A Preliminary Economic Assessment study was completed on a historic 7.6Mt mineral resource from July 2012 which features 22 years of production at 27.4% Cg and a pre-tax internal rate of return of 33.7% (see technical report issued by the Company on June 6, 2013). The Company's senior management team possesses significant graphite expertise from their experience at Timcal/Imerys, including Benoit Gascon, CPA, CA, who held executive positions for 20 years, including over 6 years as President and CEO; Jean L'Heureux, Eng., Executive Vice-President, Process Development, with over 20 years of experience; and Luc Veilleux, CPA, CA, Chief Financial Officer and Executive Vice-President, with 8 years of experience. Timcal, now owned by Imerys, is one of the largest graphite producers in the world.

Statistics

Views

Total Views
3,261
Views on SlideShare
453
Embed Views
2,808

Actions

Likes
0
Downloads
14
Comments
0

4 Embeds 2,808

http://www.masongraphite.com 2740
http://masongraphite.com 62
http://translate.googleusercontent.com 4
http://masongraphite.q4web.com 2

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Mason Graphite (TSX.V: LLG / OTCQX: MGPHF) Corporate Presentation - May 13, 2014 Mason Graphite (TSX.V: LLG / OTCQX: MGPHF) Corporate Presentation - May 13, 2014 Presentation Transcript

    • TSX.V: LLG OTCQX: MGPHF Lac Guéret Graphite Project Developing a world-class flake graphite deposit in Quebec Corporate Presentation - May 2014 TSX.V: LLG OTCQX: MGPHF
    • TSX.V: LLG OTCQX: MGPHF  Forward Looking Information: This Presentation may contain “forward-looking information” which may include, but is not limited to, statements with respect to: anticipated timing of the receipt of governmental approvals and/or acceptances; targets, estimates and assumptions in respect of production and prices; estimates regarding amount and type of future capital expenditures and capital resources; mineral reserves and mineral resources; anticipated grades; expected recovery rates; future financial or operating performance; costs and timing of the development of new deposits; costs, timing and location of future drilling; production decisions; costs and timing of construction; estimates regarding operating expenditures; costs and timing of future exploration; and environmental and reclamation expenses. Generally, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company and/or its subsidiaries and/or its affiliated companies to be materially different from those anticipated in such statements. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this presentation of which the information is derived from and the Company has disclaimed any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except in accordance with applicable securities law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements due to the inherent uncertainty therein.  Unless indicated otherwise, all dollar figures are in Canadian dollars.  Cautionary Notes related to the PEA: A preliminary economic assessment (PEA) is preliminary in nature and includes Inferred Mineral Resources, which are considered too geologically speculative to have mining and economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the reserves development, production, and economic forecasts on which the PEA is based will be realized. Full technical details and notes for the PEA can be found in the technical report entitled “NI 43-101 Technical Report on the Preliminary Economic Assessment, Lac Guéret Graphite Project, Quebec, Canada” dated June 6, 2013 and effective April 22, 2013, which is available under Mason Graphite’s profile on SEDAR at www.sedar.com and on Mason Graphite’s website at www.masongraphite.com.  Cautionary Statement regarding Mason Graphite’s estimated timeline for production: Mason Graphite has not made a production decision. A decision to proceed with production will be based the results of a feasibility study demonstrating economic and technical viability. The production timeline in this presentation assumes that Mason Graphite will complete a feasibility study and that the results of such feasibility study will be positive. The timing and results of such study are not guaranteed and no inference should be made in this regard. There is no certainty that the events outlined in the timeline will be realized.  Cautionary Statements Regarding Mineral Resource Estimate: Mineral resources, which are not mineral reserves, do not have demonstrated economic viability. Environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues may materially affect the estimate of Mineral Resources. In addition, there can be no assurance that Mineral Resources in a lower category may be converted to a higher category, or that Mineral Resources may be converted to Mineral Reserves.  Quality Control and Assurance: The scientific and technical content of this presentation was reviewed and approved by Mason Graphite’s Executive Vice President of Process Development, Jean L’Heureux, P.Eng., who is a Qualified Person within the meaning of National Instrument 43-101. M Legal Disclaimers 2
    • TSX.V: LLG OTCQX: MGPHF 3 Solid Fundamentals for Success * Please refer to the press release dated February 22, 2013 for details on metallurgical test results. ** Please refer to the PEA technical report entitled “NI 43-101 Technical Report on the Preliminary Economic Assessment, Lac Guéret Graphite Project, Quebec, Canada” dated June 6, 2013 and effective April 22, 2013 for more details. Also see cautionary statements related to the PEA on slide 2. Long mine life at high grade  Annual production of 50,000 tonnes for 22 yrs 27.4% Cgr Low capital intensity project; excellent economics  Direct capital cost requirement of $89.9 million  Production costs of $390/tonne  Internal Rate of Return of 33.7% Excellent recovery of high quality graphite  Only flake graphite (29% large flake graphite: +50, +80 mesh)  Graphite recovery in excess of 96%  Purity of 99.9% Cg achieved in preliminary purification trials Located in excellent mining jurisdiction of Quebec, Canada High Quality Project Graphite is an essential and highly desirable product with increasing consumption and demandNecessary Product Experienced Team Experienced management with a proven track record Over five decades in graphite production, sales and R&D
    • TSX.V: LLG OTCQX: MGPHF 4 The Value of High Grade Graphite Company Market Cap (April 30, 2014) Grade (Cg) Cut-off Grade Recovery Northern Graphite Corp. (TSX: NGC) $36.4M 1.81% 0.98% 97% Focus Graphite Inc. (TSX: FMS) $56.7M 15.76% 5% 92.5% Energizer Resources (TSX: EGZ) $36.3M 6.36% 2% 96.2% Syrah Resources (ASX:SYR) $600.6M 19.9% 13% 87% Zenyatta (TSX: ZEN) $181.7M 3.89% 0.6% n/a Flinders Resources Ltd. (TSX: FDR) $42.5M 10.50% 7% 96% Mason Graphite (TSX: LLG.V) $44.9M 15.6% 5% +96% If you can meet the customer's specifications via good metallurgy (particle size, recovery and carbon content), then its all about grade; as a higher grade typically results in lower costs of production. M&I Mineral Resources include: 6.7 Mt grading 32.4% Cg PEA Results (April 2013) : First 22 yrs of production at 27.4% Cg Strip Ratio of 0.76:1 *See press release dated December 5, 2013 for details relating to the latest mineral resource estimate. ** Please refer to the PEA technical report entitled “NI 43-101 Technical Report on the Preliminary Economic Assessment, Lac Guéret Graphite Project, Quebec, Canada” dated June 6, 2013 and effective April 22, 2013 for more details. Also see cautionary statements related to the PEA on slide 2.
    • TSX.V: LLG OTCQX: MGPHF  Graphite, along with diamonds and Coal, are crystalline forms of Carbon Graphite 101 Graphene - Individual layers - Graphite - Combined layers  Graphite is an essential but often unrecognized material for modern life  It has broad range of industrial applications due to its unique properties:  Properties of both metals and non-metals (ideal for industrial applications)  Highest natural strength and stiffness of any material  Lightest weight of all reinforcement materials  Very high melting (sublimation) point; low thermal expansion/shrinkage  High electrical and thermal conductivity  Low frictional resistance (excellent lubricant) and hydrophobic behaviour  Non-toxic, chemically inert and high resistance to corrosion Properties vary depending on the purity and size of the graphite crystals; this directly affects the price of the resource 5 Details of Mason Graphite’s investment in NanoXplore can be found on slide 30.
    • TSX.V: LLG OTCQX: MGPHF Flake Graphite: Graphite – Over 180 End Products Flake Amorphous Vein/Lump Synthetic Metallurgy (40%) Refractories ■ ■ ■ Crucibles ■ ■ ■ Carbon Raisers ■ ■ ■ Moulds & Castings ■ ■ Molten Metal Protection ■ ■ High Temperature Lubricants ■ ■ Powder Metallurgy & Alloys ■ ■ Electrical Applications (25%) Alkaline & Lithium Batteries ■ ■ Li-ion Batteries ■ ■ Fuel Cells ■ ■ Carbon Brushes ■ ■ ■ Technical Applications Expanded Graphite & Foils ■ Thermal Management ■ Flame Retardants ■ Brake Linings & Clutch Facings ■ ■ ■ ■ Insulation ■ ■ Nuclear Reactors ■ Plastics, Resins & Rubbers ■ ■ Catalysts ■ ■ Cloth & Fibers ■ ■ Others Pencils ■ ■ ■ ■ Lubricants ■ ■ ■ ■ Oil Drilling Additives ■ ■ Paints ■ 6  Widest range of end uses  Increasing demand for high purity flake graphite  No substitute: Synthetic graphite has high purity but is 4x the cost Synthetic graphite (USD $7,000-20,000/t) Natural flake (USD $2,000-3,000/t)  Flake graphite used in batteries - not amorphous
    • TSX.V: LLG OTCQX: MGPHF 3 Forms of Graphite Flake Highest Price, Lowest Supply High Purity: 85%-99%+ carbon Amorphous Least graphitic of the three Lower Purity: 60%-90% carbon Vein/Lump Uncommon & highly localized; <1% of world production; Marginal applications 45% 55% Global Production Graphite is not a homogenous commodity; it occurs naturally in 3 forms: Flake size and purity directly affects the price Natural medium/large flake graphite forecasted between USD$1,750 and USD$2,500/t August 2013 ($USD): 7 Amorphous: $525 /t Small Flake:$1,050 /t Medium Flake: $1,200 /t Large Flake: $1,350 /t Amorphous Large Flake Medium Flake Small Flake
    • TSX.V: LLG OTCQX: MGPHF  China represents +70% of world production  China has experienced a significant increase in domestic demand  Export tariffs and new safety and environmental regulations have resulted in a reduction of export supply and an increase in prices.  China is experiencing a reduction of large and medium flake production Graphite – Investment Opportunity  Global consumption of natural graphite has doubled from 2000 to 2010  Urbanization of China and India is driving the demand of graphite  For graphite used in the battery application alone, demand is expected to increase from 125,000 tons in 2010 to 320,000-640,000 tons in 2020; a growth rate of 10-18%*  European Union declared graphite as one of 14 critical raw materials 8*Cormark Report on Electric Graphite, July 2011 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 2000 2010 Graphite Global Consumption Tonnes Restricted and Unstable Supply in China = Opportunity Flake graphite production outside of China: Brazil Canada India Madagascar Norway Zimbabwe Germany
    • TSX.V: LLG OTCQX: MGPHF 9 How is graphite sold?  Graphite is not an openly traded mineral  Prices are negotiated between end-users and producers for annual or multi-year contracts  Prices for graphite vary based on parameters such as purity, size, impurities and shape  Continuous contact with customers is fundamental  There is a market for 100% of mined graphite material (from large to fine flakes)  Market Study is underway to identify all end-users in all market segments Graphite Mine Inventory of different sizes for different uses and end users End-Users Typical one-year supply contracts establishing prices, specifications, volume, timing and delivery The finished graphite product of a mine must be adapted to the buyers  Requires the right finished product  Requires strong relationships with clients  Management with over 5 decades of experience  Years of client relations; large number of potential clients
    • TSX.V: LLG OTCQX: MGPHF Management: Proven Track Record Benoît Gascon, CPA, CA 10 Luc Veilleux, CPA, CA Jean L’Heureux, Eng. 20 years of executive positions at Timcal 20 years in mining and graphite, Timcal and Imerys 8 years in graphite at Timcal Previous Roles:  Senior Vice-president, Business Development and Strategy, Sales and Deputy General Manager (11 yrs)  President of Stratmin Graphite Inc. from 1993 to 1999; renamed Timcal Canada in 1999 (7 yrs)  Vice-president and CFO (4 yrs) Previous Roles:  Senior Vice-president, Finance  COO North America  Vice-president, Finance North America  Financial Controller Previous Roles:  Product Manager (Marketing)  Graphite Sourcing Manager  Production Manager  Plant Metallurgist & Lab Supervisor Major Accomplishments:  Creation of a whole customer base for Stratmin in the 1990’s  Acquisition and integration of a private company in China  Supervision of nine sites in seven countries  Operational merger of Stratmin and Timcal Major Accomplishments:  Implementation of a new production organizational structure  Operational merger of Stratmin and Timcal  Reorganization and improvement of North American customer support Major Accomplishments:  Optimization of the graphite flow sheet  Sales growth through technical support to production & customers  Development of customers’ specifications management system  Development of production planning system
    • TSX.V: LLG OTCQX: MGPHF Management Team Benoît Gascon, President & CEO Over 20 yrs of experience in the Graphite & Carbon industries. He was the CEO of Stratmin Graphite which operates the Lac-des-Iles deposit; one of North America's only producing graphite mines. He was responsible for negotiating the complete take-over of Stratmin Graphite by Imerys SA, a world leader in Industrial Minerals, to form Timcal Graphite & Carbon. Mr. Gascon, CPA, CA, holds a bachelor’s degree in Business Administration from Haute Etudes Commerciales (HEC, Montreal). Luc Veilleux, Executive Vice-President & CFO Luc Veilleux, CPA, CA, holds a Bachelor’s degree in Business Administration from Hautes Études Commerciales (HEC, Montreal) and has over 20 years of experience in the mining and manufacturing industries including eight years at Timcal in the roles of Chief Financial Officer (based in Switzerland), COO and Vice-President of Finance (North America), and Controller for the Lac-des-Iles graphite mine. Jean L’Heureux, Executive Vice-President, Process Development Mr. L’Heureux is a professional metallurgical engineer who has been involved in the mining and processing of graphite for over 20 years with the Imerys SA in Quebec and in Europe. Since 2000, he has been the Product Manager, Refractory and Metallurgy for Timcal. Mr. L’Heureux obtained his Bachelor of Engineering degree at Laval University in Quebec City and is currently enrolled in a Master’s Degree in Engineering Management at Sherbrooke University. Mr. L’Heureux is a member of the Ordre des Ingénieurs du Québec. Simon Marcotte, Vice-President Corporate Development Over 15 years of capital market experience. He was a partner of Cormark Securities for 4 years (institutional equity sales) and was also a member of their Board. Previously, Mr. Marcotte was a Director for CIBC World Markets in Montreal for 8 years and also acted as an officer for Alderon Iron Ore. He is currently an officer of Belo Sun Mining and a board member of Copper One and Arena Minerals. Mr. Marcotte holds a B.A.A. from Sherbrooke University and is a Chartered Financial Analyst (CFA). Yves Caron, P. Geo., M.Sc., Director of Geology and Exploration Mr. Caron brings over 20 years of geological experience and an extensive knowledge in mining exploration and the minerals industry. Most recently, Mr. Caron was Exploration Vice-President for Nemaska Lithium Inc. where he participated to their Whabouchi project development. He also had previously worked as senior project manager at North American Palladium Ltd. Member of the association of professional geologists of Quebec (OGQ), Mr. Caron holds a Master’s in Earth Sciences from INRS and a bachelor’s degree in economic geology from UQAM. 11
    • TSX.V: LLG OTCQX: MGPHF Lac Guéret Graphite Project - Location 12
    • TSX.V: LLG OTCQX: MGPHF Lac Guéret - Location & Access 13  288 km from Baie-Comeau service centre, + 660 km to Montreal  All-weather access from Hwy 389 and main logging roads throughout property  Good accessibility to labour  Excellent mining jurisdiction Extensive logging road system throughout the Lac Quéret property and to Baie Comeau
    • TSX.V: LLG OTCQX: MGPHF Only zone drilled to date Mason Graphite Claims Map 14 Mason Graphite’s properties consist of 215 claims covering 11,630 ha (116 km2) in northeastern Québec
    • TSX.V: LLG OTCQX: MGPHF Lac Guéret Site 15
    • TSX.V: LLG OTCQX: MGPHF Lac Guéret Site 16
    • TSX.V: LLG OTCQX: MGPHF Two main graphite zones have been identified to date Two Major Graphite Zones km 17 GC Graphite Zone  1.2 km strike, up to 240 m wide  New mineral resource issued in December 2013 shows +600% increase in M&I resources  Excellent resource growth potential GR Graphite Zone  1 km strike, up to 110 m wide  2,321 m of drilling completed in 2012  Further drilling planned and expected to contribute to mineral resource GC Zone GR Zone
    • TSX.V: LLG OTCQX: MGPHF GC Zone Mineral Resource (Dec 2013) Categories Unit Tonnes Grade ( Cgr) Measured (M) U1/U2 (5 to 25 % Cg) U3 (> 25 % Cg) 4,052,000 465,000 13.4% 33.8% All units 4,517,000 15.5% Indicated (I) U1/U2 (5 to 25 % Cg) U3 (> 25 % Cg) 39,300,000 6,207,000 13.0% 32.3% All units 45,507,000 15.6% M & I U1/U2 (5 to 25 % Cg) U3 (> 25 % Cg) 43,352,000 6,672,000 13.0% 32.4% All units 50,024,000 15.6% Inferred U1/U2 (5 to 25 % Cg) U3 (> 25 % Cg) 9,224,000 2,637,000 13.3% 30.5% All units 11,861,000 17.1% See cautionary statements related to mineral resource estimate on slide 2. See press release dated Dec. 5, 2013 for details related to the mineral resource estimate. 18 Mineral Resource July 2012 7,595,900 tonnes Mineral Resource Dec 2013 50,024,000 tonnes Based on about 26,500 metres of drilling GC Zone Resource Significant increase in a short period of time
    • TSX.V: LLG OTCQX: MGPHF Metal Equivalence 19 Source: TD Securities research department (Craig Miller) 2012 Graphite (@ $1,750) 20.40% = Gold (@ $1,250) 9.1 g/t Silver (@ $14) 800 g/t Copper (@ $2.75) 6% = = Dec 2013 mineral resource: M&I = 50Mt grading 15.6% Cg, including 6.7Mt grading 32.4% Cg *PEA indicates 22 years of production at 27.4% Cgr * Please refer to the cautionary notes related to the preliminary economic assessment (PEA) on slide 2 of this presentation (July 2012 Mineral Resource)
    • TSX.V: LLG OTCQX: MGPHF Mineral Resource Comparison 20 Million Tonnes (Measured & Indicated Mineral Resources) Grade%Cg **The projected quantity and grade is conceptual in nature. There has been insufficient exploration to define the mineral resource growth target and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Mineral growth expected based on future prospective exploration targets
    • TSX.V: LLG OTCQX: MGPHF Rapid Resource Growth Only 170 holes(about 26,500 metres) Have been drilled on the Lac Guéret property to date. The new mineral resource estimate is based on drill data from the GC Zone (at left), which represents only one of two mineralized zones identified on the Lac Guéret property to date. 21
    • TSX.V: LLG OTCQX: MGPHF Excellent Metallurgy  Graphite recoveries in excess of 96%  Concentrate purity of 96.3% for the +150 mesh cumulative  29% of +80 mesh cumulative, including 16% of +50 mesh 22 Flake Size Distribution (%) Carbon Content (% Cg) +50 mesh (Large Flake) 16% 96.3% +80 mesh (Large Flake) 13% 96.4% +150 mesh 14% 96.2% -150 mesh 57% 91.7% Total / Average 100% 93.7% Preliminary Metallurgical Testing Completed in February 2013 * Please refer to the press release dated February 22, 2013 for complete result details.
    • TSX.V: LLG OTCQX: MGPHF  22 years of production at 27.4 % Cg  Direct capital costs of $89.9M  Production costs of $390/tonne  $364M pre-tax NPV @ 8 % ($283M @ 10 %)  33.7 % pre-tax Internal Rate of Return  Payback period of 2.5 years  Only flake graphite (29% large flake)  Conservative average sales price of $1,525/t Low capital intensity and low operating costs PEA Financial Results April 2013 23 Cautionary Notes related to the PEA: A preliminary economic assessment (PEA) is preliminary in nature and includes Inferred Mineral Resources, which are considered too geologically speculative to have mining and economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the reserves development, production, and economic forecasts on which the PEA is based will be realized. Full technical details and notes for the PEA can be found in the technical report entitled “NI 43-101 Technical Report on the Preliminary Economic Assessment, Lac Guéret Graphite Project, Quebec, Canada” dated June 6, 2013 and effective April 22, 2013, which is available under Mason Graphite’s profile on SEDAR at www.sedar.com and on Mason Graphite’s website at www.masongraphite.com. Updated Mineral Resource Estimate announced December 5, 2013 is expected to positively affect the project economics
    • TSX.V: LLG OTCQX: MGPHF  50 000 tonnes per year of production  27.4 % Cg in mineralization over LOM  Graphite Recovery above 96 %  Up to 96.4 % Cg of finished product purity  Stripping ratio of 0.76:1 Process resulting in +96% recoveries PEA Operational Results April 2013 24* Please refer to the cautionary notes related to the preliminary economic assessment (PEA) on slide 2.
    • TSX.V: LLG OTCQX: MGPHF Preliminary Purification Test Results September 2013 25 Flake Size Graphite (Cg) +48 mesh 99.6% +80 mesh 99.7% +150 mesh 99.9%  Purity of 99.9% Cg achieved in preliminary purification trials * Please refer to the press release dated September 24, 2013 for complete result details.
    • TSX.V: LLG OTCQX: MGPHF5. Drying 6. Sieving 1. Mining 2. Crushing 3. Milling & Flotation 4. Dewatering Flow Sheet PEA Technical Report - April 2013  Simple process  Known and proven technologies TSX.V: LLG OTCQX: MGPHF 26
    • TSX.V: LLG OTCQX: MGPHF 2012 2013 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Completion of 26,500 m Drilling Program Completed Metallurgical Test Work Completed PEA Purification Testing NI 43-101 Mineral Resource Update 15,000 m Drilling Program Further Metallurgical Testing Piloting and Bulk Sample Testing Completion of Feasibility Study Environmental Baseline Studies Construction Financing Expected Construction Start Expected Production Start Recent & Expected Upcoming Milestones 27 Mason Graphite has not made a production decision. A decision to proceed with production will be based on the results of a feasibility study demonstrating economic and technical viability. All reference herein with respect to production and anticipated timelines for production assume that Mason Graphite will complete a feasibility study and that the results of such feasibility study will be positive. The timing and results of such study are not guaranteed and no inference should be made in this regard.
    • TSX.V: LLG OTCQX: MGPHF Corporate Structure Corporate Structure (As at April 30, 2014) Shares Outstanding Options Warrants Fully Diluted 85,786,034 6,410,000 30,106,187 122,302,221 28 Analyst Coverage Daniel Greenspan Cash Position Last reported quarter (Fiscal Q2 ending Dec. 31, 2013) $2.7M Bought Deal Private Placement (Including $3.0M from Ressources Québec; Closed April 28, 2014) $11.5M Sodémex; Fonds de solidarité FTQ; Fonds regional de solidarité FTQ Côte-Nord (Agreement for additional financing through convertible debentures announced April 28, 2014*) $4.15M Trading Symbols TSX.V: LLG (Listed since Oct. 30, 2012) OTCQX: MGPHF (Listed since Nov. 12, 2013) Mason Graphite is recognized as one of the top ten performing mining companies on the TSX Venture in 2013 * Maturity after 5 years, interest of 12% per annum, payable semi-annually, and a conversion rate into common shares of $0.845 per share. Mason Graphite can trigger the conversion and anticipate the redemption under certain conditions. The transaction also includes an aggregate of 2,075,000 warrants, each granting the purchase of a common share at a price of $0.91 for a period of 24 months following the closing of the transaction.
    • TSX.V: LLG OTCQX: MGPHF Appendices
    • TSX.V: LLG OTCQX: MGPHF 40% interest in NanoXplore Inc. 30  Private R&D company focused on developing low cost, large-scale production of graphene from natural flake graphite.  NanoXplore's proprietary technique is a low cost, low energy, safe and scalable electrochemical conversion method which turns natural flake graphite into graphene.  Mason Graphite owns 40% interest in NanoXplore Inc. (First tranche completed Feb 18, 2014; second tranche completed April 30, 2014)  Mason Graphite acting as the sole NanoXplore sales, marketing and distribution agent  Benoit Gascon appointed Chairman of NanoXplore’s Board  Luc Veilleux appointed as Director and CFO of NanoXplore
    • TSX.V: LLG OTCQX: MGPHF Board of Directors 31 Tayfun Eldem, Chairman Mr. Tayfun Eldem currently serves as the President and CEO of Alderon Iron Ore Corp. He has worked for the Iron Ore Company of Canada (“IOC”), a Rio Tinto subsidiary, for more than 20 years, including three years as a Director on the joint-venture Board. Mr. Eldem holds a Bachelor of Engineering degree from Dalhousie University along with Operations & Strategic Management Certificates from Richard Ivey School of Business and London Business School. Tyrone Docherty, Vice-Chairman Mr. Docherty has over 25 years of experience in the resource industry. He was previously CEO of Quinto Mining Corporation and President, CEO and Director of Deer Horn Metals. Mr. Docherty is an active board member of a number of other public and private mining companies. Scott Moore, Director Mr. Moore is a finance executive with over 20 years of experience in the resource sector. He presently serves as Chairman & CEO of Copper One and COO of Forbes & Manhattan, Inc. and previously acted as President for Dacha Strategic Metals Inc. and VP of Corporate Development for Sulliden Gold Corp. Ltd. He holds a Bachelor of Arts degree from the University of Toronto and an MBA from the Kellogg School of Management. François Laurin, Director Former CFO of Consolidated Thompson Iron Mines Ltd. (CLM). He is currently the CFO of Alderon Iron Ore Corp.; and formerly acted as President and CEO of Cap-Ex Ventures Inc. and CFO of Copper One Inc., two exploration mining companies listed on the TSXV. Alastair Neill, Director Mr. Neill is currently an executive VP of Dacha Strategic Minerals Inc. who holds a Master of Business Administration from York University and a Bachelor of Engineering in Material Science from the University of Western Ontario. He is the former VP sales, Rare Earth Division and VP Business Development for AMR. Benoit Gascon, CEO & Director
    • TSX.V: LLG OTCQX: MGPHF Backed by the Forbes&Manhattan Group *Excellent track record of success in the Labrador Trough* Stan Bharti Founder & Executive Chairman  Over 50 engineers  Over 50 geologists  Expertise in all mining, energy and agriculture products  8 full-time securities lawyers and support staff  Over 30 people with expertise in  M&A  Investment banking  Corporate Finance  Corporate Development  Investor Relations  Over 20 accounting and administration staff Advisory Board Technical Team Legal Team Financial Team Admin / Accounting  Team built on technical/operational expertise  Accomplished financial markets professionals 32
    • TSX.V: LLG OTCQX: MGPHF Lac Guéret – Project History 1950’s Exploration for iron by Quebec Quartier Mines 2002-2006 Quinto Mining Corp. exploration activities 2012 Mason Graphite acquires Lac Guéret from Cliffs Natural Resources 2008 Consolidated Thompson acquires Quinto Mining Acquisition Terms with Cliffs Resources ($USD)  $15,000,000 total acquisition cost for 100% of the project  $7,500,000 payment completed on April 5, 2012  $2,500,000 payable upon completion of a Feasibility Study*  $5,000,000 payable upon commencement of commercial production*  2,041,571 warrants @ $0.75 (expires in April 5, 2014) issued to Quinto Mining (sub. of Cliffs Resources)  No remaining legacy interest exists, no royalties 33 * If the feasibility study is not completed by April 5, 2015, Mason Graphite is required to pay (a) $1,250,000 on April 5, 2015, and (b) $1,250,000 on the earlier of (i) the fifth business day following the day on which a feasibility study is completed; and (ii) October 5, 2015. If commercial production is not achieved by October 5, 2016, Mason Graphite is required to pay (a) $2,500,000 on October 5, 2016; and (b) $2,500,000 on the earlier of (i) the fifth business day following the day on which commercial production is achieved; and (ii) April 5, 2017 2011 Cliffs acquires CLM
    • TSX.V: LLG OTCQX: MGPHF 2012 2013 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Fauna & Flora Inventory IBA ESIA & BAPE Certificate of Authorization Completed and Expected Upcoming Milestones: 1) Q1 2013 – Fauna and Flora Inventory Preliminary Report by Roche 2) Q4 2013 – Fauna and Flora Inventory Final Report by Roche 3) Q4 2013 – Completion of Impact and Benefits Agreement (IBA) 4) Q2 2014 – Completion of Environmental Social Impact Assessment (ESIA) and Public Hearings on the Environment (BAPE) by Roche 5) Q1 2015 – Completion of Certificate of Authorization 5 3 4 34 Environmental Permitting Expected Timeline
    • TSX.V: LLG OTCQX: MGPHF Technical Partners 35
    • TSX.V: LLG OTCQX: MGPHF First Nations  No one residing near the planned operations or in the vicinity of the Lac Guéret project  Successful dialogue since early 2012  Consent for drilling obtained in April 2012  Ongoing discussions and negotiations for completion of the Impact Benefit Agreement (IBA) – Expected in 2013 36 Pessamit is the Innu First Nation community 60 km west of Baie Comeau Pessamit Lac Guéret Deposit
    • TSX.V: LLG OTCQX: MGPHF Head Office (Greater Montreal) 3030 Le Carrefour blvd., Suite 600 Laval, QC, H7T 2P5 T +1 (514) 289-1180 F +1 (514) 289-0958 Toronto Office 65 Queen Street West, Suite 800 Toronto, Ontario M5H 2M5 T +1 (416) 861-1685 F +1 (416) 861-8165 TSX.V: LLG OTCQX: MGPHF www.masongraphite.com