Developing the Recovery of Minerals and Hydrocarbons from Oil Sands Tailings. Investor Presentation September 2007

Transcription

1 Developing the Recovery of Minerals and Hydrocarbons from Oil Sands Tailings Investor Presentation September 2007

2 FORWARD-LOOKING INFORMATION This presentation contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations which are based on assumptions and are subject to a number of risks and uncertainties and are not guarantees of future performance of the Corporation. These risks and uncertainties could cause actual results and the Corporation s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These risks and uncertainties are more particularly described and updated by Titanium Corporation s Quarterly Management s Discussion and Analysis filed for the period ended May 31, 2007, on SEDAR ( Most notably these risks and assumptions include, but are not limited to: risks associated with future plans and objectives; operating or technical difficulties in connection with development activities; development timelines and priorities; attaining fiscal and commercial agreements with the Province of Alberta and the oil sands producer(s) respectively; assumptions about off-take contracts with customers; changes in worldwide prices of zircon and titanium; and the requirement for additional funding. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Corporation assumes no obligation to update forwardlooking information should circumstances or management s estimates or opinions change.

3 TITANIUM CORPORATION is DEVELOPING INNOVATIVE TECHNOLOGY to RECOVER TITANIUM and ZIRCON from OIL SANDS TAILINGS Canada s s Athabasca oil sands are potentially one of the world s s largest deposits of titanium and zircon

4 THE LARGEST PETROLEUM RESERVE OUTSIDE of SAUDI ARABIA Includes 175 billion barrels of oil sands reserves Saudi Arabia Canada Iran Iraq Kuwait Abu Dhabi Venezuela Russia Libya Nigeria United States Source: Oil & Gas Journal Dec, 2004 billion barrels

5 A WORLD CLASS RESOURCE Titanium and zircon are essential products used in everyday life and world markets are growing steadily Canada s oil sands are one of the world s largest deposits of titanium and zircon The deposit has a long reserve life (50+yrs) Multiple oil sands projects yield sustainable growth potential

6 An ADVANCED RESOURCE STUDY is UNDERWAY Drill Core Evaluation: Sampled cores from mined ore blocks Analyzing samples from the future mining plan University of Alberta experts coordinating resource estimate Daily Sampling Program: Sampled tailings since 2005 Established daily flow rates of heavy minerals going to tailings

7 TITANIUM CORPORATION INC. Exchange Listed: Shares Outstanding: Cash Position: TSX-V: TIC 56 million $21 million

8 A STRONG BOARD/MANAGEMENT TEAM Scott Nelson, President & CEO Dr. Salustio Guzman, VP Marketing Niel Erasmus, VP Operations John Oxenford, VP Oil Sands Brad Kipp, CA, CFO Malcolm Macpherson, Director Senior minerals sands executive and former CEO of Iluka Resources Ltd., the world s largest producer of titanium and zircon minerals. Brant Sangster, Director Oil sands executive and Director of Canadian Oil Sands Trust, Deloitt Energy Advisory Board Member; former Senior VP Oil Sands, Petro-Canada and former Director of Syncrude Canada. Gordon Pridham, Director Capital markets executive with 25 years experience including Merrill Lynch, Deutsche Morgan Grenfell, National Bank and Research Capital; Director of Newalta Corporation, a leading oil industry services firm.

9 TITANIUM CORPORATION S PROCESS: Recovery of Heavy Minerals from Oil Sands Tailings

10 FINAL MINERAL PRODUCTS Ilmenite Zircon Leucoxene

11 TITANIUM CORPORATION S S KEY FOCUS AREAS Market Development Technical Programs Sustainability

12 TITANIUM and ZIRCON are GLOBAL INDUSTRIES Worldwide demand for heavy minerals growing steadily Asia customers showing strong interest in long term, reliable supply Pigment 94% Paint Plastics Paper Refractory 13% Foundry 8% Precision Castings 6% Zr Chemical 6% TV Glass 5% Zirconia 6% Other 2% Metal 3% Welding 2% Other 1% Ceramics 54% Global consumption of TiO 2 Global consumption of Zircon

13 TiO 2 PIGMENT DEMAND with CHINA World % China % % 12.0% 17.6% f 2009f Year Source: TZMI, Intertech Conference Pigment Demand ('000 t)

14 WORLD ZIRCON SUPPLY / DEMAND BALANCE ( ) 1600 ('000 tonnes) Net Balance ('000 tonnes) f 2008f 2009f 2010f Year Net Balance Supply Demand -200 Source: TZMI, October 2006

15 CERAMIC TILES made from TITANIUM CORPORATION S S ZIRCON

16 RESEARCH & DEVELOPMENT PROGRAMS Pilot research plant design/construction (2004) On-site Bulk Sampling pilot plant (2005) Construction/operation of on-site Pilot Concentrator (2006) Hydrocarbon removal and recovery from tailings (2007)

17 REGINA RESEARCH FACILITY: WET PLANT - Feed Prep Circuit

18 SEPARATION CIRCUIT DEVELOPMENT in REGINA

19 OPERATION of BULK SAMPLING PILOT PLANT: On-Site in Fort McMurray August 2005

20 The FIRST PILOT MINERAL CONCENTRATOR PLANT at an OIL SANDS TAILINGS SITE Built on time, on budget & operated at Syncrude in Fort McMurray Designed to recover and concentrate heavy minerals, removing hydrocarbons Achieved high minerals recovery of 98-99%

21 MINERAL CONCENTRATOR PILOT PLANT at TAILINGS SITE

22 OPERATIONS ON-SITE in FORT MCMURRAY October 2006

23 HYDROCARBON RECOVERY and SAMPLING

24 A SUSTAINABLE DEVELOPMENT Submitted Project Overview report to Government of Alberta-Environment New, innovative technology to process waste tailings Unconventional new source of minerals Potential recovery of hydrocarbons, synergies with minerals recovery

25 THE DEVELOPMENT PATH Titanium engaged CANMET to commence hydrocarbon recovery R&D Collaborate with research/funding agencies Program to remove and recover hydrocarbons from tailings with important environmental and economic benefits International market development particularly Asia

26 A NEW UNCONVENTIONAL, SUSTAINABLE SOURCE of TITANIUM and ZIRCON One of the world s largest deposits of titanium and zircon Titanium and zircon are global growth industries Titanium Corporation is the leader in developing proprietary technology to recover these heavy minerals A sustainable development with environmental, economic and social/community benefits Sustainable growth potential, multiple oil sands projects

27 TITANIUM CORPORATION INC. Please visit our website: Or contact us: Scott Nelson Carolyn Muir