The document discusses NovX21's low energy and cost process for recycling precious metal groups (PGMs) from spent autocatalysts. It describes NovX21's technology as having a recovery rate over 97% and average recovery of 3,500 grams per ton of catalysts. The economics of NovX21's planned 200-ton per year facility show potential for $29 million in annual revenues, 35% gross margin, and a nine month payback period on $8 million capital expenditures.

1. STATE OF THE ART CLEAN TECHNOLOGY
LOW ENERGY, LOW COST, HIGH RECOVERY PROCESS FOR AUTOCATALYSTS PGM RECYCLING

2. Forward Looking Statement
Except for statements of historical fact relating to the Company, certain information contained in this presentation and in subsequent oral
statements made by and on behalf of the Company constitutes "forward looking statements" which may include, but is not limited to,
statements with respect to the future financial or operating performance of the Company and its projects, the future price of metal prices, the
estimation of mineral resources, the timing and amount of estimated future production, costs of production, capital, operating and exploration
expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital,
government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance
coverage and the timing and possible outcome of regulatory matters. Often, but not always, 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, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include,
among others: general business, economic, competitive, political and social uncertainties; the actual results of current exploration and
development activities; risks relating to title to properties; risks associated with obtaining necessary permits; risks associated with foreign
operations, including government regulation and political stability risks; fluctuations in the value of the Canadian dollar relative to the U.S.
dollar; changes in project parameters as plans continue to be refined; future prices of gold; possible variations of mineral grade ore recovery
rates; accidents, labor disputes and other risks of the mining industry, including but not limited to environmental hazards, cave-ins, pit-wall
failures, flooding, rock bursts and other acts of God or unfavorable operating conditions and losses, insurrection or war; delays in obtaining
governmental approvals or financing or in the completion of development or construction Activities. Although the Company has attempted to
identify import ant 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. The
Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results
or otherwise, except as required by 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.
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3. Background info. on Sylvain Boulanger
• Manufacturing
• General Motors
• Paccar
• Bauer – Nike
11 years
8 years
5 years
• Logistics and Supply Chain
• ALDO Group
• Genco – Canadian Tire
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9 years
2 years

4. Where we are heading
NovX21 is in the pre-commercial phase for a commercial rollout
to recycle PGM from spent catalytic converters (CC)
– R&D on the technology is complete and NovX21 has been
operating a 50-ton reactor for the last 2 years
– The economics of our planned 200-ton (200,000 (CC)) facility
are compelling :
C$29 M in Revenues per year
Gross Margin of 35%
Low Opex
Low Energy cost
9 Months Payback on Capex of C$8 million
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5. The size and state of the CC Market
The NA market amounts to 15 million spent (CC) per year
An estimated $2 billion market
There are 55 million used cars around the world per year
Less than 50% are currently recycled
Here is the conventional way to recycle (CC):
– A few grams of PGMs per ton of ore are mixed with spent (CC) to increase yield
– The complete supply chain and processing takes near 36 weeks
– It is very capital intensive (Billions of dollars in Capex)
– It is very energy intensive to melt metal at 3000 °F
– It generates a lot of pollution (“smokestacks industry”)
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6. The NovX21 Technology
Our proposed plant will be automated to handle (CC) material in
a Clean and Environmentally Friendly way
–
–
–
–
–
6
Our recovery rate of precious metals is more than 97%
On average we recover 3500 gr per ton of (CC)
Our process is 7 to 8 weeks long, including refining time
Very low energy consumption
No pollution
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7. Securing Sources of CC’s
On going business development to secure sources of CC from
different scrapyards owners and business entities across North
America




Western Canada –Current Supplier for 50 MT - CCON Metals
Eastern U.S. – Negotiating with New Jersey supplier
Midwest U.S. –Jack Lifton contacts
Europe and Middle East
Develop Joint Venture Partnerships and Licensee Agreements to
build Royalty Streams
 NovX21 has no equal, no competition
 Sell licenses to integrated operators in the Autocat Supply Chain
 Generate training and technical management revenues from
licensees
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8. The build out of our first plant
Based on adequate equity and debt financing
the plant will be built in 8 to 12 months from now
– The high level engineering design is completed
– We are leasing an adequate building in the Province of Quebec to install
the equipment for a 200-ton-per-year facility
– We want to secure feedstock from multiple locations in North America
for the first plant
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9. ECONOMICS
pre-feasibility study results of June 2013
$8.0MM CAPEX Per 200 TPY Plant
9.5 Months Payback
Operating Costs
Payback Per 200 TPY Plant
Final Product Sales
200,000 CC @ $ 147 /kg
28,000,000 $
Plant CAPEX
CC Feedstock
200,000 kg @ $ 80 /kg
15,238,095 $
Plant Gross Margin
$13.50/ Kg of recycled (CC)
2,700,000 $
> 36% on final product sales
10,061,905 $
Operating Costs
Gross Profit Margin
$8,000,000
10,061,905 $
•
Assumes the CAPEX covers the JV equipment as well as the NovX21 installation to complete processing.
•
Assumes no cost for building in CAPEX
•
Assumes WIP inventory of $ 2,0 Million for a ramp up of 4 months
•
Assumes plant footprint approximately 4,000 sq. ft. for the JV installation (Ball mill & reactors)
•
Assumes PGM content of 3.5 gr / (CC)
•
Gross Profit Margin on Final Product Sales – PGM value @ $1,244 /Toz.
•
Includes Royalty Stream
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10. PLANT OPERATING MARGIN
SENSITIVITY TABLE
operating cost=>
Recoverable PGM per (CC)
For
PGM Value
($/Tr Oz) ($/gr)
$311
$10
$622
$20
$933
$30
13.50 $
200,000
(CC)
2.0
$ -876,871
$ 946,259
$ 2,769,388
Grams of PGM per Kg of Feedstock (Autocat)
2.5
3
3.5
$ -421,088
$ 34,694
$ 490,476
$ 1,857,823
$ 2,769,388
$ 3,680,952
$ 4,136,735
$ 5,504,082
$ 6,871,429
4.5
$ 1,402,041
$ 5,504,082
$ 9,606,122
$1,089
$35
$ 3,680,952
$ 5,276,190
$ 6,871,429
$ 8,466,667
$ 11,657,143
$1,244
$40
$ 4,592,517
$ 6,415,646
$ 8,238,776
$ 10,061,905
$ 13,708,163
$1,400
$1,555
$1,711
$45
$50
$55
$ 5,504,082
$ 6,415,646
$ 7,327,211
$ 7,555,102
$ 8,694,558
$ 9,834,014
$ 9,606,122
$ 10,973,469
$ 12,340,816
$ 11,657,143
$ 13,252,381
$ 14,847,619
$ 15,759,184
$ 17,810,204
$ 19,861,224
$1,866
$60
$ 8,238,776
$ 10,973,469
$ 13,708,163
$ 16,442,857
$ 21,912,245
•
Assumes 3 variable components (1) CC feedstock cost (2) PGM content per CC (3) PGM market price
•
Assumes fixed operating cost per CC of $13.50
•
Assumes each plant processes 200,000 CC per year
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11. FIVE-YEAR FORECAST
Revenues M$/yr
Tons/yr - Cummulative # of reactors
3000
2800
412 $
2500
300
284 $
1500
250
933
1000
0
150
137 $
333
40
103 $
49 $
56
64
4
2014
40
4
6$
2015
333
14
49 $
2016
700
32
103 $
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100
50
14
2017
933
56
137 $
2018
1933
64
284 $
Worldwide implementation of reactors
11
76
32
6$
Cumm T/Yr
Cumm. # Reactors
Revenues M$/Yr
200
700
500
-500
400
350
1933
2000
450
2019
2800
76
412 $
0

12. FOUR REVENUE SOURCES
1. Operate our own commercial PGM Recovery Plant
•
A minimum of 4 reactors (200 TPY) could operate 24 / 365
•
Dedicated reactors will be installed to process other sources of material with
high concentrations of precious metals
2. Joint Venture Partnership to build / operate plants and grow the market
•
Royalty associated with the construction of reactors
•
Revenue to come from selling finished products
3. License Agreements to build plant for specific applications based on Royalty
Streams
4. New higher margin products in response to customer’s specification for
immediate use
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13. 2013 TIMELINE
June 2013
Completed prefeasibility study
December 2013
AGM
Change of Name
Change of Status
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January 2014 November 2014
Financing /Construction
200 tpy plant in Quebec
On going JV discussions

14. FURTHER R&D OPPORTUNITY
NovX21 Autocat PGM Recovery Process
•
Test additional technology to isolate metals from the liquid in solution
•
Develop high margin material to manufacture new Autocats
•
Reduce the recycling process turnaround time to a few days instead of weeks
•
Develop new applications to recover other recycled precious metal
Further develop pipeline of patented process
•
Transpose and test same process to extract additional precious metals from ore and
other recycled materials
•
Test iron contaminated ores to purify the feedstock by removing iron (vaporizing at
low temperature)
•
Continue to develop process to further reduce the conversion losses
•
Investigate the use of the carbo-chloruration to upgrade chromite.
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15. CAPITAL STRUCTURE
Share Price (Jan. 21, 2014)
$
0.14
52 Week Low/High
$
0.065 - 0.35
Daily Volume
Market Cap (MM)
161,500
$
14
Issued & Outstanding (MM) ( * )
99.9
Warrants (MM) ( * )
49.9 @ 0.23$ avg.
Options (MMM)
Fully Diluted (MM) ( * )
5.4 @ 0.21$ avg.
155.2
( * ) after completion of the private placement - 30 million shares and warrants
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16. EXPERIENCED LEADERSHIP
•
•
John LeBoutillier
•
•
Member of the Order of Canada
Chairman of the Board of Industrial Alliance Insurance & Financial
Services Inc. and Groupe Deschênes Inc.,
André Boulanger
•
•
President of Hydro-Québec TransÉnergie
BSc, MSc. Mechanical Engineering
René Branchaud
•
partner of the law firm Lavery, de Billy, L.L.P
Jean-Paul Schaack
16
•
•
Pierre Gévry
Director of exploration
Directors
Sylvain Boulanger
President, CEO
Yves Pelletier
Vice President, Exploration
Management
B.A., BSc Elec. Eng. (1977),
23 years Manufacturing experience with GM, Nike, Paccar
• 10 years of senior management in the supply chain industry
•
BSc., MSc, MBA
•
•
B.A., BSc. Geological Engineering École Polytechnique, MTL
Active in the mining industry for more than 29 years.
CEO of les Mines J.A.G. Ltd.
Over 40 years in the financial, mining sectors

17. Contact information
Sylvain Boulanger P.Eng.
President & CEO
620 St-Jacques # 110 Montreal, Quebec
H3C 1C7
Tel: 514-282-2110
info@novx21.com
Nicole Blanchard
Strategic Communications & Investor Relations
Sun International Communications
545 Promenade Centropolis
Laval , Quebec, H7T 0A3
Cell : 514-961-0229, Tel : 450-973-6600
nicole.blanchard@isuncomm.com
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18. Spent Autocat Supply Chain
• Recycling Autocats is a capital intensive supply chain
• Autocats are sourced across the globe and transported to major smelters
• Supply integration across product life cycle increases economic efficiency for recyclers
• Only 50% of spent Autocats are recycled, significant regional variances
Dismantling
Pre-processing
Collection
Future JVs with
NovX21
Multimetco (US),
Nippon PGM
JV partners &
NovX21
PGM recovery
Process
Concentration
NovX21
PGM Recovery Process
Multimetco (US),
Nippon PGM
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Refining
NovX21 Technology
Expansion Further R&D
Haraeus (De), Tanaka (Ja),
Johnson Matthey (UK),
Metalor, BASF, Techemet,
Sabin (US)
Umicore
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Smelting

19. USE OF PLATINUM
Source: Chart - SFA (Oxford) Ltd www.sfa-oxford.com
Text and Images – Johnson Matthey www.matthey.com
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20. USE OF PALLADIUM
Source: SFA (Oxford) Ltd www.sfa-oxford.com
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21. Good to know
•
OPERATING COST PER TROY OUNCE TO RECOVER PGM
•
OPEX = $13.50/ (CC) @ 2.5 gr/ (CC)  Cost: $168 / TOz
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22. NovX21 chronological events
•
1988 Pro-Or begins exploration
•
2000 Chromite deposit (1.6 to 1 ratio) found at Menarik
•
INRS propose to R&D to upgrade the ratio
•
2003 Pro-Or files application for process to upgrade Chromite ratio
•
2005 After more R&D, Pro-Or files application for a process to recover PGM from concentrate and ore
•
2005 Pro-Or builds prototype plant
•
2007 – 2011 Development of the commercial equipment to recover PGM and final improvements
•
2012 Completion of mass balance yield study
•
2013 Completion of the pre-feasibility study
•
December 2013
Shareholders approve change of name to NovX21 and change of status to a
“technology issuer” and a “mining issuer”
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Jan 31, 2014