Recovering Minerals and Bitumen Recovering Minerals and Bitumen - - PowerPoint PPT Presentation

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Recovering Minerals and Bitumen Recovering Minerals and Bitumen - - PowerPoint PPT Presentation

An Emerging Opportunity Recovering Minerals and Bitumen Recovering Minerals and Bitumen from Oil Sands Tailings from Oil Sands Tailings AGM Feb 21, 2008 1 Forward-looking information This presentation contains forward-looking information


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AGM Feb 21, 2008

Recovering Minerals and Bitumen Recovering Minerals and Bitumen from Oil Sands Tailings from Oil Sands Tailings

An Emerging Opportunity

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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. 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 November 30, 2007, on SEDAR at www.sedar.com. Most notably these risks and assumptions include, but are not limited to: the successful removal /recovery of hydrocarbons; changes in worldwide prices of zircon and titanium; fluctuation in exchange rates; legislative, political or economic developments including changes to relevant legislation in Canada; operating or technical difficulties in connection with development activities; requirement for additional funding; development timelines; expected capital expenditures; expected future oil sands production; and the Corporation’s expected future production and cash flows. 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 forward-looking information should circumstances or management’s estimates or opinions change.

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Agenda

  • Introduction
  • Oil sands overview & the opportunity
  • Overview of 2007
  • Strategic plan & objectives for 2008
  • Q & A
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Creating wealth from waste Our vision is to create a new sustainable industry in Alberta by processing oil sands waste material into valuable products

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An opportunity to recover more value from tailings

  • Rapid growth of mine-based oil sands production
  • Recover additional bitumen
  • Recover valuable heavy minerals
  • Deliver environmental benefits
  • Heightened environmental awareness
  • Potential to provide an industry wide solution
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Oil sands project evolution

  • Phase 1 – Pilot research facility in Regina
  • Phase 2 – Bulk sampling & mineral concentrator pilot
  • n-site in Fort McMurray
  • Phase 3 – Bitumen recovery program
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The oil sands industry is experiencing rapid growth

  • Production forecast from 1.2 million BPD to 3.0 million BPD

by 2015

  • Bitumen losses in tailings increasing from 10 million barrels

to 30 million barrels per annum

  • New projects planned & expansions underway
  • Tailings from mine-based extraction posing environmental

concerns

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Current mining projects that we are targeting

500,000 110,000 Horizon CNRL 300,000 230,000 Muskeg River Albian/Shell 410,000 320,000 Steep/Mill Suncor 500,000

  • Aurora Expansion

Syncrude Expansion

  • 350,000

North Mine & Aurora Syncrude Potential 2015+ (bpd) Forecast 2010 (bpd) Mine/Project Company

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Bitumen & Naphtha Losses in Froth Tailings: more than 30 million barrels per year by 2015

2007 2010 2015

35 30 25 20 15 10 5

Millions barrels per year Naphtha Bitumen

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Significant potential for environmental improvements

  • Assuming 50-60% recovery of hydrocarbons from tailings
  • Substantial reduction of VOC emissions
  • Reduction of intensity of CO2 and NOx
  • Benefits occur at point of production (Fort McMurray)
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2007 2010 2015 200 100 k-tonnes per year

potential reduction

VOC emission reduction potential

total mining-based VOCs

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2007 Review: Complete analysis of 2006 pilot program

  • Achieved mineral concentrate recoveries in the 98-99%

range

  • Design improvements made to water and solvent

systems

  • Traces of bitumen still adhering to sands
  • Bitumen removal/recovery integral to mineral recovery
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Pilot concentrator on-site in Fort McMurray

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The tailings are processed in a Primary concentrator plant (TIC) The concentrate is separated into final products in a Mineral Separation plant (TIC)

Reclaimed land Upgrading Facilities

The oil sands reserves are shallow enough to be surface mined; the ore is crushed, slurried and pumped to the primary extraction plant Titanium Corporation (TIC) would intercept froth treatment tailings directly from the pipeline

The froth treatment plant cleans the bitumen to quality sufficient for further processing by upgrading

The mined oil sands process

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Markets for zircon and titanium are global…and growing

  • Worldwide demand for heavy minerals growing steadily
  • Demand/prices for zircon remain strong, particularly in Asia

Metal 3% Welding 2% Other 1% Pigment 94% Paint Plastics Paper Ceramics 54% Refractory 13% Foundry 8% Zr Chemical 6% Precision Castings 6% TV Glass 5% Zirconia 6% Other 2%

Global consumption of zircon: 1.25 million tonnes/yr Global consumption of TiO2: 5.91 million tonnes/yr

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2007 Review: Complete oil sands resource study

  • Daily pipeline samples taken in 2005, 2006, 2007
  • Analyzed oil sands drill core samples from current and

future 10-year mining plan

  • Correlated 2005 pipeline samples with drill core samples
  • Third party resource study in 2008
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2007 Review: Agreements with business partners, customers and stakeholders

  • Formed cooperation agreements with Asian partners
  • Gained Government support and direction regarding R & D
  • Expanding oil sands relationships
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2007 Review: Initiate financing to support commercial development

  • Further R & D work on bitumen required before

commercial development

  • Initiated lab test work on bitumen removal & recovery
  • Engaged outside research experts such as CANMET

and SRC

  • Developed multi-stage R & D program
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An exceptional team with expertise in Oil sands, Minerals, Finance & Capital Markets

Scott Nelson, President & CEO

  • C. Bruce Burton, Director

Brant Sangster, Director

Victor Wells, Chief Financial Officer George Duguay, Corporate Secretary Niel Erasmus, VP Production Operations

  • Dr. Salustio Guzman, VP Marketing & Technology

John Oxenford, VP Oil Sands Operations

Gordon Pridham, Executive Chairman Malcolm Macpherson, Director Eric W. Slavens, Lead Director

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Business review and strategic plan completed

  • Comprehensive review and analysis for next stage of

project

  • Identified challenges and opportunities
  • Multi-plant scenario very attractive
  • Developed multi-stage bitumen R & D programs to

commence in 2008

  • Engaging additional international research experts
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Path to commercialization – 2008 forward

  • Execute bitumen recovery programs
  • Access Government support for R & D
  • Complete mineral technology work & market testing
  • Complete bitumen recovery & pilot testing
  • Final feasibility, financing, and construction
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An exciting opportunity has emerged

Canada’s oil sands are growing rapidly The integrated recovery of minerals and bitumen represents

a new expanded opportunity

Potential to deliver important environmental and economic

benefits

Titanium Corp is leading the development of new sustainable

technology that would be applied industry wide

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Annual and Special Meeting

Exchange Listed: TSX-V: TIC Shares Outstanding: 56 million Cash Position: $20 million

www.titaniumcorporation.com