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NioBay files resource estimate for James Bay niobium

Aug 28, 2020

Niobay Metals Inc. has filed the associated National Instrument 43-101 technical report for its wholly-owned James Bay Niobium Project, located in Northern Ontario. The report, entitled “Technical Report on the James Bay Niobium Project, Cochrane District, Northeastern Ontario, Canada” (the “Report”) is dated effective August 23, 2020. The Report was prepared by Roscoe Postle Associates Inc. (“RPA”), now part of SLR Consulting Ltd, following the successful completion of a seven hole/3,090 metre drill program conducted earlier this year.

The Report is an updated Mineral Resource estimate (the “MRE”) for the Project and shows an increase in tonnage of 33.6% and 13.8%, respectively, for the Inferred and Indicated Resources categories. The MRE was prepared in accordance with CIM (2014) Definition Standards as referenced in NI 43-101.

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