Langis Property — 2017 Resource Estimation Update

Figure 3: FeSi Process Flow Sheet (Page 1)

This report is a Mineral Resource Estimation Update and does not discuss recovery methods.

Report context

This technical report is dated 2017 and presents a Resource Estimation Update for the Langis Property. The report was prepared by GoldMinds Geoservices Inc. Because the document is limited to resource estimation, several standard technical sections are not included.

Processing route

Recovery methods

Since this report is a Mineral Resource Estimation Update, this section is not discussed in the present document.

Project infrastructure

Since this report is a Mineral Resource Estimation Update, this section is not discussed in the present document.

Capital and operating costs

Since this report is a Mineral Resource Estimation Update, this section is not discussed in the present document.

Economic analysis

Since this report is a Mineral Resource Estimation Update, this section is not discussed in the present document.

Key reported parameters

Parameter Value Basis
Quarry price for FeroSilicon plant, filler, aggregates and additives $44/t CAD Assumed fair quarry price used to meet reasonable prospect of economic extraction

Project website: https://www.globenewswire.com/news-release/2018/07/11/1536222/0/en/Canadian-Metals-Inc-announces-filing-of-the-Amended-Langis-project-Prefeasibility-Study.html

Project website: https://www.globenewswire.com/news-release/2018/06/01/1515753/0/en/Canadian-Metals-publishes-a-Pre-feasibility-Study-Technical-Report-Concerning-its-Langis-project.html

Technical qualifications

The report is a Mineral Resource Estimation Update and does not include sections on recovery methods, project infrastructure, capital and operating costs, or economic analysis. The author is aware that CME has started the process of market studies and contracts negotiations but, due to a confidentiality agreement with CME, cannot disclose any information at this time. That information will be disclosed in due time at the PFS and FS stage of this project.

Source: GoldMinds Geoservices Inc., Resource Estimation Update 2017 – Langis Property, pages 93-94.

Mineral processing basics

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