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Orbite presentation april 2013 final 930
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFCorporate Presentation, April 2013TSX: ORT OTCQX: EORBFAlumina and REO/RMO Production Using Our Innovative and Proprietary Processes
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFForward Looking StatementsCautionary Note Regarding Canadian Mineral Disclosure StandardsCertain 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 asguarantees 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 oninformation 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 ofwhich 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 “Riskand Uncertainties” as filed on March 22, 2012 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 differmaterially 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 informationcontained in this document to reflect subsequent information, events or circumstances or otherwise, except as required by applicable laws. The Revised Preliminary Economic Assessment (the “PEA”) on the Company’sMetallurgical Grade Alumina project (the “SGA Project” or “SGA Plant”) with an effective date of November 24, 2011 and a revised report date of May 30, 2012, is preliminary in nature and it includes Indicated MineralResources of aluminous clay that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is no certaintythat the conclusions reached in the PEA will be realized. Mineral Resources that are not Mineral Reserves have not demonstrated economic viability.The Company is required to provide technical information with respect to mineralization on its Grand-Vallée property in accordance with Canadian standards which differ significantly from the requirements of theUnited States Securities and Exchange Commission (the “SEC”), and resource information contained in this document, the PEA and other public disclosure documents filed by the Company on SEDAR may not becomparable to similar information disclosed by U.S. companies that are subject to the reporting and disclosure requirements of the SEC. This document and the PEA include references to mineral resource estimates thathave been calculated in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”), as required by Canadian securities regulatory authorities. In particular, this documentand the PEA use the terms “indicated mineral resources” and “inferred mineral resources.” Readers are cautioned that the term "resource" does not equate to the term "reserves". Further, the definitions of proven andprobable reserves used in NI 43-101 differ from the definition of “reserves” under U.S. standards. Under SEC standards, mineralization may not be classified as a "reserve" unless the determination has been made thatthe mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Among other things, all necessary permits would be required to be in hand or issuanceimminent in order to classify mineralized material as reserves under the SEC standards. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Readers are cautioned not toassume that all or any part of indicated or inferred mineral resources will ever be converted into reserves. The SECs disclosure standards normally do not permit the inclusion of information concerning "indicatedmineral resources" or "inferred mineral resources" or other descriptions of the amount of mineralization in mineral deposits that do not constitute “reserves” by U.S. standards in documents filed with the SEC. Readersshould also understand that “inferred mineral resources” have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any partof an “inferred mineral resource” will ever be upgraded to a higher category. Under Canadian rules, estimated “inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies except in rarecases.Marc Filion, Eng., a Qualified Person, reviewed the technical information disclosed herein. Dr. Filion is a Consultant of Orbite, and as such, is not independent pursuant to NI 43-101.For a detailed breakdown of the Company’s resource position and Preliminary Economic Assessment for the SGA plant see the ORT May 31, 2012 press release, available on the Company’s website.Orbite Aluminae Inc. 2
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFOrbite SnapshotOrbite Aluminae Inc. 3 Orbite is a resource developer and a mineral processing technology company. Orbite has developed innovative proprietary processes for producing alumina and other high-value elements including rare earths and rare metals that differ from the rest of the industry. Orbite’s short-term priority is our high-purity alumina (HPA) plant: HPA samples are being shipped to clients. Operating at Phase I capacity of less than 1 tpd, increasing to 5 tpd by Q1 2014. Orbite’s medium-term projects include: Building our first smelter-grade alumina (SGA) plant using clay from our 1 billion tonnedeposit at Grande-Vallée. A Feasibility Study is anticipated in Q1 2014 subject to concludingnegotiations with a JV partner and securing sufficient funding. Building the world’s first red mud remediation (RMR) plant with Veolia EnvironmentalServices as part of our exclusive worldwide agreement. Site selection is in progress. Veoliaintends to build RMR plants worldwide under a technology license.
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFThinking Outside The BauxiteOrbite Aluminae Inc.TM4 Orbite’s innovative and proprietary hydrochloric acid process can produce alumina and high-value by-products, including rare earths and rare metals, at one of the lowest costs in the industry usingaluminous clay, bauxite, kaolin, nepheline, red mud and fly-ash. No wastes or tailings are produced since allconstituent elements can be recovered and theacid is recovered and regenerated. Defies conventional mining approachwhich attempts to recover only a fewvaluable elements. Enabled by selective precipitation of theelements and recent advances inchemical process technology.
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFAluminous Clay, Red Mud and Other Feedstocks Alumina, iron, silica, titanium and magnesium are the most abundant rock-forming elements: Most common elements in our feedstocks and man-made wastes such as red mud and fly ash. Feedstock composition will determine the plant design and economics. Any rare earths & rare metals can be recovered as individually separated oxides.5Orbite Aluminae Inc.Plant Design SGA Plants RMR Plants FAR PlantsFeedstock(s) Aluminous Clay Bauxite Kaolin Nepheline Red Mud Waste Fly AshAbundance UbiquitousWorldwideTropical and Sub-Tropical RegionsOnlySpecific RegionsWorldwideSpecific Regions Waste StockpilesNear AluminaRefineriesWaste StockpilesNear Coal PowerPlantsAlumina (Al2O3) 18-25% 40-60% 18%-80% 20-40% 18-25% 12-17%Hematite (Fe2O3) 7-10% 2-20% 0-2% 0-3% 28-35% 10-15%Silica (SiO2) >50% 1-7% 10%-65% 35-55% 8-12% 27-35%REO/RMOPotentialGa2O3, Sc2O3,REOGa2O3, Sc2O3 Not Determined Not Determined Ga2O3, Sc2O3 Not DeterminedOther ImportantBy-productsMgO, K2O, TiO2 TiO2 Not Determined K2O, Na2O TiO2 Not DeterminedNote: Grade ranges and potential elements are only provided for general comparison between feedstocks and should not be relied upon as being representative or economic.
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBF Makes the 125-year old Bayer process obsolete while resolving critical industry issues: Can only use high-quality bauxite All bauxite can be used as a feedstock Facing rapid decline in bauxite quality Inexhaustible due to multiple abundant feedstocks Transport costs to smelters Plants can be built near aluminum smelters Produces >100M tpy red mud waste Generates no wastes or tailings2 Red mud stockpiles >3B tonnes Converts red mud liabilities into assets Operating costs are rising OPEX at the bottom of industry cost curveOrbite Aluminae Inc.“The most promising hydrochemical method to process low grade bauxite oresis using hydrochloric acid.RUSAL is cooperating(1) with Orbite Aluminae in the field of hydrochloric acidprocess development and implementation in a large commercial scale”UC RUSAL Technical Report, ICSOBA, Brazil, October 2012.Comparison of acidic and alkaline technologies for producing alumina from low grade ores.(1) Orbite signed an MOU with UC RUSAL in March 2012 to become a potential JV partner in first SGA plant.. 2: RMR plants will return 10% of red mud volume as an inert and neutral residueIndustry Standard Bayer Process Orbite’s Proprietary TechnologyOrbite is an Alumina Game Changer6
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBF2013 Business Strategy1. High Purity Alumina (HPA) : Achieve commercial production at our first plant in Cap-Chat, Quebec Began shipping commercial samples in March 2013. Ongoing optimization, will increase production to 3 tpd in Q4 2013 and to 5 tpd in Q1 2014.2. Smelter-Grade Alumina (SGA) : Conclude JV agreement(s) for our first SGA plant Negotiating with UC RUSAL and other potential key JV partner. Feasibility Study and detailed engineering to be funded post-JV agreement.3. Red Mud Remediation (RMR): Exclusive worldwide agreement with Veolia Environmental Services Veolia will determine site selection and optimal capacity for the world’s first RMR plant. Negotiate final agreement for the licensing/royalty structure and funding/ownership of first RMR plant.7Orbite Aluminae Inc.SGA PlantsHPA PlantsAluminum SmeltersSmelter-Grade Alumina(98.5%)High-Purity Alumina (4N-6N)Gallium, ScandiumFuelCells, Alloys, Magnets, Aerospace, AutomotiveSilica, Hematite,Titanium, Scandium, Gallium,REE and Other ElementsPotentialFeedstocks:Aluminous Clay,Bauxite, Kaolin,Nepheline, Red Mudand Fly Ash Veolia RMR Plantsand Other LicensingSubstrates for LED Lights &Displays, SemiconductorsBusiness Model: Three Principal Revenue Streams
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFQuebec Alumina Market and Project Sites Quebec’s Gaspé region is strategically situated near 14 smelters1, representing theworld’s 3rd largest aluminum producing region after China and Russia, importing upto 8M tonnes SGA per year.1: Smelters: 9 Quebec, 2 New York and 3 Iceland.2: See ORT May 31, 2012 press release for detailed breakdown.3: See ORT Nov 14, 2012 press release for details. 100% of Grande-Vallée claims(34km2) with a 1 billion tonneIndicated Resource2. Received a 70 million tonnes 20year renewable mining lease atGrande-Vallée, sufficient foroperation of our first SGA plant. 100% of additional claims over550km2 (16x size of Grande-Vallée) along the same clayformation near Cap-Chat andRimouski. Chaswood Option agreement3 toearn 100% of claims (26km2)along a kaolin formation nearHalifax, Nova Scotia.8Orbite Aluminae Inc.
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFHPA Plant: Optimization of Plant at Cap-Chat, Quebec HPA is primarily used to manufacture industrial sapphires which are used as substrates (heat-sinks) in LED lightsand displays. The market is mainly for 99.99% (4N) to 99.999% (5N) purities. There are no spot prices. HPA plant began operating in Q1 2013: 4N HPA samples shipped in March 2013, optimizing towards 4N5 and 5N. Currently operating at Phase I production capacity of < 1 tpd. Phase II production capacity of 3 tpd in Q4 2013 and 5 tpd in Q1 2014. 2013 CAPEX estimate of $23M(1) for additional calcinator and related equipment to achieve Phase II Scandium and gallium recovery circuit will be commissioned in Q4 2013.9Orbite Aluminae Inc.(1) Total plant capex estimated at $55M net of RITCs (Refundable income tax credits are 40% of the first $75M and %5 thereafter). Mar. 2012 Announces plan to convert SGA pilot plant into anHPA plant with 3 tpd capacity by the end of 2013 Nov 2012 Announces planned expansion from 3 tpd to 5 tpd inH2 2013 following installation of additional ofequipment (calcinator(s)) in H2 2013 Dec. 2012 Initiates HPA plant commissioning activities Jan. 2013 First tonne of 4N HPA producedInitiates HPA plant optimization activities Mar. 2013 Begins shipping HPA samples to potential clientsAccomplishments H1 2013 Continue operating at less than 1 tpdSamples continue to be tested by customers mid-2013 First contracts and sales with customers H2 2013 Installation and commissioning of new calcinator(s) Q4 2013 Capacity increases to 3 tonnes of HPA per dayand declaration of commercial production Q1 2014 Achieve run-rate capacity of 5 tonnes of HPA per dayUpcoming Milestones2013 CAPEX Estimate to complete 5 tpd plant: ~$23M
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFSGA Plant: Negotiating with Potential JV Partners10Orbite Aluminae Inc. Sep. 2009 Acquires Cap-Chat facility to house its pilot plant Jan. 2011 SGA Pilot Plant begins initial testing Feb. 2011 SGA Pilot Plant Produces 1st tonne of SGA Mar. 2012 SGA Pilot Plant operations completed, signs MOU withUC RUSAL for potential JV partnership May 2012 Files NI 43-101 compliant PEA Technical Report June 2012 MOU with NALCO to evaluate Orbites technology Oct. 2012 Modifies process design; expects at least 30% fossilfuel and 60% water consumption reduction 2013 Selection of JV partner(s); ongoing discussionswith various potential partners Q4 2013 Selection of SGA plant site Q1 2014 Completion of Feasibility Study 2014 Initiate construction of SGA plant 2015 Potential Phase I Initial ProductionAccomplishments Upcoming MilestonesFunding will be determined withselection of JV Partner Orbite intends to build its first SGA plant in Quebec using clay from the Grande-Vallée deposit. Negotiations are advancing with UC RUSAL and other potential joint-venture partners: JV partner will provide funding into each phase of construction. Basic engineering design is already completed. Feasibility Study and detailed engineering will be funded post-JV Agreement. HPA plant acts as an SGA demonstration plant since both use the same proprietary processes.
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFSGA Plant: Preliminary Economics Assessment11Orbite Aluminae Inc.Financial ResultsSales $358MEBITDA $237MEBITDA margin 66%Financial PerformanceNPV pre-tax @ 10% $1,690MIRR 48%Payback 2.1 yearsPEA Financial Highlights using Low-Case Sensitivity Analysis (1)Capex requirements to beshared with JV partner(s) PEA was based on processing 2.5M tonnes per year of aluminous clay from Grande-Vallée deposit. Annual production of 540,000 tonnes smelter-grade alumina, 189,298 tonnes hematite, 1.2M tonnes silica,49 tonnes scandium oxide, 75 tonnes gallium oxide, and 846 tonnes of heavy and light rare earth oxides.Financial Highlights Sales Segmentation CAPEX & OPEX RequirementsTotal CAPEX ~$500MTotal Annual OPEX ~$113MPer tonne SGA ~$210Per tonne by-products $0Source: Per revised PEA dated May 2012.1: Alumina $325 per tonne, hematite $125 per tonne, Silica $10 per tonne, REO/RMO average basket price $167 per kg.Alumina$175.449%Hematite$23.77%Silica$12.34%OtherOxides$8.62%Light REO$51.815%Heavy REO$26.57%Scandium$40.211%Gallium$19.05%
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFSGA Plant: Preliminary Economics Assessment12Orbite Aluminae Inc. Improvements and innovations announced since the PEA: Recoveries of 93.86% gallium, 93.11% scandium, and 87.47% yttrium, 90% for other rare earths Heavy rare earth and scandium oxides were produced in collaboration with CMI-UVK and MEAB Proprietary purification technology for silica to 99.9% (3N) and titanium oxide (TiO2) to 95%. Reduction of water consumption by ~60% and fossil fuels consumption by ~30%Product PurityRecoveryRateTonnesProduced PerYearREO/RMO Symbol PurityTonnes Oxidesper yearSmelter Grade Alumina >98.5% 93.2% 539,711 Gallium Ga 99.99% 76Hematite 99.5% 92.1% 189,298 Scandium Sc 99.99% 48Silica >95.0% 100.0% 1,228,628 Yttrium Y 99.999% 110Magnesium Oxide >95.0% 86.6% 27,816 Lanthanum La 99% 156Mixed Oxides >95.0% 99.8% 104,089 Cerium Ce 99% 323Rare Earth & Metal Oxides >99% 75.0% 1,097 Praseodymium Pr 99% 40Total 2,090,639 Neodymium Nd 99% 140Samarium Sm 99% 26Europium Eu 99.90% 5Gadolinium Gd 99% 21Erbium Tb 99% 10Dysprosium Dy 99.90% 19Total 974.0Source: Per revised PEA dated May 2012
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFSGA Plant: OPEX1 versus Alumina Industry Cost Curve31: See ORT May 31, 2012 press release for detailed breakdown of resource and PEA - Scenario 2. Operating costs of $113M divided by 539,711 tonnes.2: Operating costs of $113M are reduced by low-case by-product revenues totalling $183M resulting in -$70M.3: Industry cost curve, weighted average industry cost and 90th percentile cost are all sourced from the RBC Capital Markets - Metal Prospects Report published April 17, 2013SGA Opex1$210 / tonne SGA2013 Alumina C1 Cash Costs3RBC Capital Markets, Brook Hunt13Orbite Aluminae Inc.SGA Opex1 Net of By-Product Credits2-$129 / tonne SGAAluminaFOB Australia SpotPrice ~$325 per tonne-$50-$100-$150
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBF 14Orbite Aluminae Inc.RMR Plant: Veolia Environmental Services Agreement Red Mud Remediation (RMR) plants will operate using same processes as SGA plants: Red mud will be pre-treated to become a suitable feedstock. Plant design and optimal capacity will be influenced by the red mud composition. Inert residue of less than 10% the original red mud volume will be returned to the stockpile. Orbite signed exclusive worldwide agreement with Veolia Environmental Services for red mud remediation: Veolia is the only global integrated operator of waste management services across all segments (solid,liquid, non-hazardous and hazardous waste). Veolia intends to build Red Mud Remediation (RMR) plants worldwide under license. Veolia is working to identify the site and optimal capacity for the world’s first RMR plant. Construction is anticipated to begin in 2014, Orbite could be a JV partner. Jun. 2012 Successful test results for proprietary processes inthe remediation of red mud Feb. 2013 Signs exclusive worldwide collaborative agreementwith Veolia Environmental Services for treatmentand remediation of red mud from stockpiles or fromthe effluent of existing alumina refineriesAccomplishments Q4 2013 Selection of plant site and capacity by Veolia,negotiate plant ownership and financing structure 2014 Initiate plant construction 2015 Potential Initial ProductionUpcoming MilestonesFunding could be required for Engineering ($<5M)
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBF 15Orbite Aluminae Inc.Value Creation MilestonesDec 2012Q1 2013Q2 2013Q3 2013Q4 20132014HPA PlantCommissioningInitiatedHPA PlantOptimizationInitiatedInstallation &Commissioningof New HPACalcinatorHPA PlantFull Capacity:5 tpdSGA PlantFeasibilityStudyOrbite/JVSGA PlantConstructionInitiatedVeolia/OrbiteRMR PlantConstructionInitiatedOrbite/JVSGA plantPotential InitialProductionVeolia/OrbiteRMR PlantPotential InitialProduction2015HPA PlantPhase I:<1 tpdHPA PlantPhase II:3 tpdHPA PlantCommercialProductionShort-Term: Achieve Commercial Production at Cap-Chat HPA PlantMedium-Term: Construction of first SGA and RMR PlantsLong-Term: Global roll-out of Veolia RMR Plants
TSX: ORT OTCQX: EORBFClosing Price per Share (ORT-T) $1.11Basic Shares Outstanding 184.1Options - $1.44 WAP 14.4Warrants - Jul 2013 @ $4.35 WAP 10.1Convertible Debentures ($25M @ $3.50/share) 7.1Fully Diluted Shares Outstanding (M) 215.7Fully Diluted Market Cap. $239.5Orbite Aluminae Inc. 16Capital Structure and Balance Sheet(In C$ millions)Market Capitalization(April 19, 2013)Balance SheetAs at December 31, 2012Current assetsCash and Short-Term Investments $ 40.5Short-Term Receivables $ 7.4Other Current Assets $ 0.5$ 48.5Non-current assetsRefundable Investment Tax Credits $ 19.9Property, Plant and Equipment $ 48.0Patents and Exploration and Evaluation assets $ 15.9$ 83.8Total assets $ 132.3Current LiabilitiesAccounts Payable and Accrued Liabilities $ 28.6Other Current Liabilities (derivative/non-cash) $ 4.9Current portion of Long-term debt $ 0.6$ 33.5Non-current liabilitiesConvertible Debentures ($25M principal) $ 18.7Long-Term Debt $ 2.5Deferred Income and Mining Tax Liabilities $ 2.3$ 23.4Equity $ 75.4Total liabilities and equity $ 132.31 Year Share Price (C$)Volume (Million)
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFExecutive Office:6505, route Transcanadienne, Suite 610St-Laurent, Québec, Canada H4T 1S3Tel: 514-744-6264Fax: 514-744-4193www.orbitealuminae.comKey Orbite Contacts:Marc JohnsonVP Corporate DevelopmentTel: 514-744-6264 firstname.lastname@example.orgJacques BédardVP Finance & Chief Financial OfficerTel: email@example.comInvestor Relations and Media Inquiriesinfo@orbitealuminae.comTM17Orbite Aluminae Inc.Orbite Stock Index Membership:S&P/TSX Global MiningS&P/TSX Global Base MetalsS&P/TSX CleanTech IndexS&P/TSX SmallCap IndexEquity Research Analyst Coverage:Luisa Moreno – EuroPacificPhil Shen – Roth CapitalMatt Gowing – Mackie ResearchThinking Outside The Bauxite
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFAppendixOrbite Aluminae Inc.
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBF Mr. Richard Boudreault, M.Eng, MBA, Adm.A Director, President and CEO Mr. Jacques Bédard, CPA/CGA VP Finance & CFO, Corporate Secretary Mr. Denis Primeau, Eng., MBA Chief Engineer Mr. Yves Noël, Eng., MBA Chief Marketing Officer Mr. Marc Johnson, CFA Vice President Corporate Development Mr. Guy-Louis Boucher LL.L. Vice-President Sustainable Development Mr. Jonathan Labranche LL.B. Director Legal and Corporate Affairs Dr. Marc Filion, PhD, Eng., MBA Strategic and Resources Advisor Mr. Pierre Després, B.A. LL.L Communications and Public Affairs Advisor Mr. Lionel Léveillé, Chairman of the Board of Directors Mr. Richard Boudreault, President and CEO Mr. Charles Chevrette LL.B. MBA. Dr. Toby Gilsig, Eng Mr. Stéphane Bertrand Mr. Pierre Meunier LL.L. Mr. Christian Van Houtte Mr. Michael Hanley, CPA/CA Mr. Jean‐Sébastien David, MPM, Geo.Management Team Board of Directors*See appendix for detailed biographies.19Orbite Aluminae Inc.Management Team and Board of Directors
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFMr. Richard Boudreault, M.Eng, MBA, Adm.A. Director, President and CEORichard Boudreault has been President of Orbite since 2007. He has an impressive list of accomplishments with start-up and growth companies in the newmaterials sector. He has a Master of Engineering degree from Cornell University in the United States, and an MBA from University of Sherbrooke. Over the yearshe has worked in technology-related positions for numerous companies, such as SOFINOV (a subsidiary of the Caisse de dépôt et placement du Québec), OerlikonAerospace and the Canadian Space Agency.Mr. Jacques Bédard CPA, CGA Vice President of Finance & CFO, Corporate SecretaryJacques Bedard is a senior executive officer with more than 25 years of international financial management experience in the high technology, multimedia andmedical devices sector. His résumé includes terms as vice president finance and CFO for companies such as Softimage and ART, and he has also held seniorfinancial management positions with Microsoft, among others. He has been with Orbite since November 24, 2010, as vice president of finance and chief financialofficer. His strong knowledge of public companies operating in high-growth and highly regulated environments will no doubt prove advantageous for Orbitesgrowth and development.Mr. Denis Primeau, Eng., MBA Chief EngineerDenis Primeau is a seasoned executive with more than twenty years’ experience in the chemical and petrochemical industries as well as other mining-relatedindustries. In particular, Mr. Primeau was involved in the construction, commissioning and optimization of various types of chemical processes and, among others,was a key player for Rio Tinto during the construction and commissioning of a plant for the enrichment of minerals and in the recycling of hydrochloric-basedmaterials. Member of the Ordre des ingénieurs du Québec, he holds a bachelor of science in chemical engineering and a master of business administration (MBA)from University of Sherbrooke.Mr. Yves Noël, Eng., MBA, Chief Marketing OfficerYves Noël is a senior executive with over twenty years’ sales and marketing experience in the field of high value-added, specialized fine chemicals, particularlyhigh purity products, with companies such as Akzo Nobel, Sandoz and Clariant . His diverse background in mining and manufacturing industries has enabled himto cultivate exceptional expertise and success in negotiating trade agreements with major clients such as AbitibiBowater, Gildan, Dow, and Rio Tinto, as well aswith various global distribution partners. Member of the Ordre des ingénieurs du Québec, he holds a bachelor of applied science in chemical engineering and amaster of business administration (MBA) from the Université du Québec à Montréal.Mr. Marc Johnson, CFA, Vice-President Corporate DevelopmentMarc Johnson brings over 15 years of experience in equity research, investment banking, and business management in the natural resources and technologysectors. Most recently he was a Mining Analyst at M Partners, an Investment Bank, where he followed Orbite for more than two years. As Vice PresidentCorporate Development, he will be responsible for implementing a cohesive strategy and managing relationships with institutional investors. Mr. Johnson holds abachelor of commerce degree from Concordia University and the Chartered Financial Analyst designation.20Orbite Aluminae Inc.Management Biographies
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFMr. Guy-Louis Boucher, LL.L Vice-President Sustainable DevelopmentGuy Boucher is a senior executive with extensive experience in legal affairs and sustainable development, particularly within the natural resources domain. Prior tojoining Orbite, Mr. Boucher spent a number of years with Domtar in top executive positions that includedVice-President, Sustainable Development and Vice-President, Legal Services and Environmental Affairs. As such, he was responsible for sustainability issues as wellas many legal aspects of the company’s commercial activities. Mr. Boucher holds a license in civil law (LL.L.)from the Barreaudu Québec and a Bachelor of Business Administration(B.B.A.) from the Universityof Ottawa.Mr. Jonathan Labranche, LL.B Director Legal and Corporate AffairsJonathan Labranche was called to the Bar of the Province of Quebec in 2000 and holds a Bachelor of Law degree from the Université de Montréal. Havingbuilt an impressive practice in corporate law, securities, and regulatory affairs, he has represented a range of large businesses at various stages of theirdevelopment, providing consulting services in financing, mergers and acquisitions, and investor relations, to name just a few. As Director, Legal and CorporateAffairs with Orbite, Mr. Labranche will act as an advisor to the management team and will handle all legal issues for the company, including the analysis ofindustry regulations applicable to the Company.Dr. Marc Filion, PhD, MBA, Eng. Strategic and Resources AdvisorDr. Filion is a geologist, was president and chief operating officer of SGF Mineral Inc. from 1998 to 2004, and senior vice president, Investments for Mines,Minerals and Materials for "Societe Generale de Financement du Quebec" (SGF) from 2004 to 2006. He was also actively involved in promoting the development,financing and construction of Phase II of the Alouette aluminum smelter, and brings in-depth knowledge of the alumina/aluminum industry to Orbite as Chairman ofthe Alouette BOD. Mr. Filion holds a B.Sc. in geology from Ecole Polytechnique at the University of Montreal, a Ph.D. in economic geology and geostatistics fromthe Royal School of Mines, Imperial College, London, England, and an MBA from Ecole des Hautes Études Commerciales in Montreal, Quebec.Mr. Pierre Després, B.A., LL.L Communications and Public Affairs AdvisorPierre Despres will focus on advising Orbite on public affairs issues while enhancing the Companys presence in the community andreputation among key business and community leaders, decisions makers and stakeholders. Over the years, Mr. Despres has garnered extensive executiveand consulting experience with leading Canadian firms as well as globally as vice-president, communications, Alcoa Global Primary Products. He is very activein the business community and has been a member of various boards of directors of business associations such as the Conseil du Patronat du Québec and theFédération des chambres de commerce du Québec.21Orbite Aluminae Inc.Management Biographies(cont’d)
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFMr. Lionel Léveillé, (Candiac, Quebec) Chairman of the Board of DirectorsLionel Léveillé was President and CEO of the company Adacel Inc. from February 2001 to July 2005. Adacel is active in the field of aerial navigationcontrol simulation. He has enjoyed an illustrious career in the military and aerospace industry, having been President of Raytheon Canada andVice-President of Bombardier and of Oerlikon Aerospace.Mr. Richard Boudreault, M.Eng, MBA, Adm.A. (St-Laurent, Quebec) Director, President and CEORichard Boudreau has been President of Orbite since 2007. He has an impressive list of accomplishments with start-up and growth companies inthe new materials sector. He has a Master of Engineering degree from prestigious Cornell University in the United States, and an MBA fromUniversité de Sherbrooke. Over the years he has worked in technology-related positions with numerous companies, such as SOFINOV (a subsidiaryof the Caisse de dépôt et placement du Québec), Oerlikon Aerospace and the Canadian Space Agency.Mr. Charles Chevrette LL.B., MBA, (Montréal, Québec) DirectorCharles Chevrette is a lawyer and member of the Quebec Bar. He also has an MBA from the University of Ottawa. Mr. Chevrette is the managingpartner of Montreal office of McMillan LLP. Over the years, he has worked on numerous corporate financings, mergers-acquisitions and transfersof technology, acting for private companies, institutional investors and university entities. More specifically, he has been involved in severalindustrial-technology enhancement projects.Dr. Toby Gilsig, (Montreal, Quebec) DirectorToby Gilsig has a degree in electrical engineering from McGill University and a doctorate from the Imperial College of the University of London,where he received an Athlone research grant. He is a member of the Quebec Order of Engineers, an honorary member of the IEEE and a Fellow ofthe Canadian Academy of Engineering, in addition to having received the Manning Award for Innovation in 1995. Dr. Gilsig is consulted regularlyon the subject of technological products and enterprise strategies as part of the activities of JED International Inc., the company he founded in1996. Previously, he was CEO of M3i Systems Inc., which he co-founded in December 1990. Before co-founding M3i, Dr. Gilsig held a number ofmanagement posts at Hydro-Québec, including Vice-President of Research and Director of the Institut de recherche d’Hydro-Québec.Mr. Stéphane Bertrand, (Montreal, Quebec) DirectorStéphane Bertrand assumed the role of Chief Executive Officer for the World Energy Congress – Montreal 2010 in November 2007. Between 2003and 2007, Mr. Bertrand was the Chief of Staff of the Premier of Québec. His professional responsibilities included close involvement in thedevelopment of Quebec’s budget and governmental policies. Prior to his role as Chief of Staff, Mr. Bertrand was an executive with Gaz Métro Inc..22Orbite Aluminae Inc.Directors Biographies
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFMr. Pierre Meunier LL.L., (Montreal, Quebec) DirectorPierre Meunier, a lawyer called to the Bar in 1967, is a Partner and Strategic Consultant at Fasken Martineau S.E.N.C.R.L., s.r.l. He joined the firm in1989 after having filled several important posts at the Government of Quebec. In particular, he was Vice-President and founder of the Commission desservices juridiques, Director of the Centre communautaire daide juridique de Montréal, President of the Office de la protection du consommateur,acting Deputy Minister for the Ministry of Housing and Consumer Protection, and acting Deputy Minister for the Ministère de lEnvironnement. Mr.Meunier is Chairman of the Board of Directors of the Fondation des Muséums nature de Montréal, member of the Board of Directors of the Institut derecherche en biologie végétale (IRBV), part of the Université de Montréal, and member of the Board of Directors and Treasurer of Éditions Protégez-Vous.Mr. Christian Van Houtte, (Montreal, Quebec) DirectorChristian Van Houtte was until recently the President and Chief Executive Officer of the Aluminum Association of Canada, which represents Canadianaluminum producers, a position which he held for 18 years. He previously held various executive positions in the aluminum industry, including that ofsenior vice-president of the Bécancour Smelter (ABI) facility. He has also held senior management positions for a number of major organizations,including Canadair, the Cliche Commission, Northern Telecom and the Société de développement de la Baie James.Mr. Michael Hanley, CA, (Montreal, Quebec) DirectorMr. Hanley is a Chartered Accountant since 1987 with many years experience in corporate governance. Between 2009 and 2011, he was SeniorVice‐President, Operations and Strategy Initiatives and a member of the Office of the President at National Bank of Canada. Prior to this, he spent tenyears with Alcan in positions that included, among others, President and CEO of the global Bauxite and Alumina business group and ExecutiveVice‐President and Chief Financial Officer leading up to and at the time of the acquisition by Rio Tinto. Mr. Hanley holds a Bachelor of BusinessAdministration.Mr. Jean‐Sébastien David, MPM, Geo., (Chicoutimi, Quebec) DirectorMr. David is a member of the Ordre des géologues du Quebec and has more than 20 years‘ experience in geology, sustainable development, and theenvironment. He has been a member of environmental committees for both the Association minière du Québec and the Association de lexplorationminière du Québec. From 2007 to 2011, he was Vice‐President of the Osisko Mining Corporation and sat on its management committee. He also has anumber of achievements at many other organizations, including Cambior IAMGOLD, and Louisiana‐Pacific Canada, where he held key management andenvironmental positions. Mr. David holds a Bachelor of Geology degree and a Masters degree in project management.23Orbite Aluminae Inc.Directors Biographies(cont’d)
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBF1) Processes for extracting aluminum from aluminous ores.• Patent protection granted in USA1, Canada2, Australia3, Russia4 and China5.• Additional patents pending in EU, Japan, India, Hong Kong, Australia, USA, Brazil, China, Russia.2) Processes for extracting aluminum from aluminous ores6.3) Processes for extracting rare earth elements from aluminum-bearing materials6.4) Processes for extracting rare earth elements from various ores6.5) Methods for preparing hematite6.6) Methods for separating iron ions from aluminous ions6.7) Processes for preparing alumina and various other products6.8) Processes for treating Red Mud6.9) Processes for treating Fly Ash6.10) Processes for recovering rare earth elements from various materials6.11) Processes for preparing titanium oxide and various other products6.12) Processes for recovering rare earth elements and rare metals6.13) Processes for treating various materials6.14) Processes for purifying aluminum ions6.Note: An IP Family consists of a multiple claims covering various aspects of the processes or methods involved. Successive IP Families cover improvements and innovations.1: USA 7,837,961, 8,241,594 and 8,337,789. 2: Canada 2,684,696 and 2,711,013. 3: Australia 2008253545 and 2012100165. 4: Russia 2471010. 5: China 101842504 . 6: These IP familieshave been filed under the international PCT process administered by WIPO which takes approximately 30 months to complete prior to filing in individual countries at the “national phase”.24Orbite Aluminae Inc.IP Families: Internationally Patented and Patent Pending
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBF Grande-Vallée claims host an NI 43-101 compliant 1.04 billion tonnes Indicated Resource grading 23.37% Al2O3,52.62% SiO2, 8.42% Fe2O3 and 563ppm TREO+RMO 2 from surface to a depth of 100m.(1) BCC Research AVM018G, Rare Earths: Worldwide Markets, Applications, Technologies, Jan 2012.25Orbite Aluminae Inc. Aluminous clay is homogeneousthroughout the deposit Would ranked 11th worldwidefor REE in-situ value(1) Would ranked Top 10 worldwidefor heavy REE content at 22.4% Received 70 million tonne 20-year renewable mining lease Signed agreement with theMicmac First Nation in support ofdevelopmentGrande-Vallée Claims
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBFGrande-Vallée NI 43-101 Compliant 1.04B tonnes Indicated Resource(1)SiO2 (Silica) 52.62% Ga2O3 (Galium) 43 ppmAl2O3 (Alumina) 23.37% Sc2O3 (Scandium) 28 ppmFe2O3 (Hematite) 8.42% Y2O3 (Yttrium) 49 ppmCaO (Calcium) 0.48% La2O3 (Lanthanum) 76 ppmMgO (Magnesium) 1.64% Ce2O3 (Cerium) 152 ppmNa2O (Sodium) 1.06% Pr2O3 (Praseodymium) 19 ppmK2O (Potassium) 2.86% Nd2O3 (Neodymium) 71 ppmMnO (Manganese) 0.16% Sm2O3 (Samarium) 11 ppmCr2O3 (Chromium) 0.01% Eu2O3 (Europium) 2 ppmTiO2 (Titanium) 0.85% Gd2O3 (Gadolinium) 13 ppmP2O5 (Phosphate) 0.14% Tb2O3 (Terbium) 1.5 ppmSrO (Strontium) 0.02% Dy2O3 (Dysprosium) 9 ppmBaO (Barium) 0.05% Other Contained REO 88 ppmV2O5 (Vanadium) 0.03% Total RM & REO 563 ppmH2O (LOI) 6.50% Other Elements 1.79%Notes: Content in oxide form. CIM definitions were followed for mineral resources. Effective date is Nov 23, 2011. Assumes a cutoff of 18% Al2O3 and a density of 2.6g/cm3.Amounts may not add due to rounding. Mineral resources have no demonstrated economic viability. There is no certainty that all or part of the mineral resources will beconverted to reserves.(1) Refer to ORT May 31, 2012 press release for detailed breakdown of resource estimate.26Orbite Aluminae Inc.Grande-Vallée Resource Estimate
TSX: ORT OTCQX: EORBFTSX: ORT OTCQX: EORBF 27Orbite Aluminae Inc. Rimouski/Cap-Chat claims totalling 550 km2 - or - approximately 16x the size of Grande-Vallée’s 34 km These claims are along the same aluminous clay formation as at Grande-Vallée Greenfield drilling program will begin in Q2 2013 with the potential to define several new depositsRimouski and Cap-Chat Claims