DNI Metals presentation march 2017

DNI METALS INC.
Graphite to fuel the Clean Energy Revolution
Madagascar Graphite Property
Lowest Cost
Highest Margin
Large Flake
Near Term Production
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Graphite
Mine
Graphite
Sales

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This material has been prepared as a matter of general information. It is not intended to be a complete description of any security or
company mentioned and does not constitute an offer to buy or offer to sell, or the solicitation of an offer to buy or sell any security.
All facts and statistics are from sources believed reliable, but are not guaranteed as to accuracy. Some of the information in this
document may contain projections or other forward‐looking statements regarding future events or the future financial performance of
the Company. We wish to caution you that these statements are only estimates and that actual events or results will likely differ
materially. Axiom Capital Management has been engaged by the Company to assist the Company in capital raising. Axiom will
receive a cash and equity fee upon success. For further detail, please see the complete set of closing documents.
This presentation contains projections and forward-looking information that involve various risks and uncertainties regarding future
events. Such forward-looking information can include, without limitation, statements based on current expectations involving a
number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties
could cause actual results and the Company’s plans and objectives to differ materially from those anticipated in such information.
Actual results and future events could differ materially from those anticipated in such information. 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 Company assumes no obligation to update forward-looking information should
circumstances or management’s estimates or opinions change.
DNI metals Inc.

GRAPHITE PROJECT WISH LIST
DNI Metals
1. Team YES-BUILT GRAPHITE MINES
2. High Grade YES-3-30% from trenching programs
3. Large Flake YES-62-67% large flake
4. Low Cap-Ex YES-SAPROLITE-NO GRINDING
5. Low-Cost YES-SAPROLITE-NO GRINDING
6. Friendly Mining YES-$9 BILLION SPENT IN
Jurisdiction MADAGASCAR IN PAST 5 YEARS
7. Infrastructure YES-50KMS TO A PORT, PAVED ROAD
8. Permitted YES
9. Customers YES-BUILDING THROUGH WHOLESALE
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Graphite
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The Vohitsara Graphite project (Madagascar) met the criteria
Purchased by DNI June 2015

No
Primary
Grinding
Free Dig Floating Graphite
MADAGASCAR ADVANTAGE
SAPROLITE – SOFT OR FRIABLE ROCK
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HARD ROCK DISADVANTAGE
Drilling
EXPENSIVE
Blasting
EXPENSIVE
Grinding
EXPENSIVE
Loading Floating
Graphite
Lower
Capex
and
Opex
No
Blasting
No
Drilling
Saprolitic Graphite Ore 10% of world’s production 53% of world’s reserves
Note: China is the largest hard rock producer, low cost Saprolite deposits have a cost advantage over China.
Graphite
Mine

QUOTE :
JOHN HYKAWY OF STORMCROW CAPITAL
• How do you think junior graphite companies will be able to
compete with Chinese pricing?
• JH: The only way they’re going to be able to do it is two factors, really.
It’s type of deposit and the old adage of location, location, location. So,
producing in a very remote location, even with a deposit that’s really
high-quality but in hard rock is probably a lost cause. What we’re
going to be looking for are fairly high-grade deposits, hosted in
friable rock or in sediments, in clays, so that the mining required
is very inexpensive, the processing is available, and hopefully this
deposit is also close to the coast or close to highways so it can be
transported out relatively simply and relatively inexpensively.
• Interview with Investing News Network, June 22, 2016.
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WHERE ARE THE WORLD GRAPHITE PROJECTS?
Weathered Deposits
SAPROLITE
(hot, wet climates)
-Madagascar
-Brazil
-Tanzania
-Mozambique
Hard Rock -Canada
-USA
-Sweden
-Russia
-China
-Germany
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Graphite
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DNI GRAPHITE DEPOSIT MADAGASCAR
• Permitted
• 63 square kms
• Main Zone 3
kms long
• Highway access
• SAPROLITE
• Stratmin sold
their property for
$15 million
PRE-drilling
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Graphite
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ONLY 50 kms to port

DNI GRAPHITE DEPOSIT MADAGASCAR
* Trenching and Geophysics program complete
* Confirmation of Large/Jumbo flake, high quality Graphite
Next Steps:
1. Resource / PEA - 6 to 8 months - Cost U$1.2 million
2. Production - late 2017 - Cost U$10-15 million
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Graphite
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DECEMEBER 2016
DNI SIGNS AGREEMENT
WITH COUGAR METALS
• Cougar owns 8 drill rigs
• Cougar will drill, complete a NI 43-101
resource report by June 30, 2017 and a
NI 43-101 PEA by October 31st 2017, to
earn 49%
• Drill rig is on its way to Madagascar.
• Drilling to start in March, 2017.
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FLAKE SIZE MATTERS
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Graphite
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Larger
flake
means
higher
marginsFine and Med Flake
$500-$950 per Mt
Large and Jumbo Flake
$1,400-$2,500 per Mt
Note: Purity also effects the price

THE DNI ADVANTAGE
A HIGH PURITY
LARGE FLAKE (67.4%)*
WORLD CLASS DEPOSIT
DNI Madagascar - Graphite Prices At Mine Site – Carbon Content 90-98%
FlakeSize Microns Mesh Flake Dist.% Assay TGC% Price(US$/t)1
TargetMarket
SuperJumbo >500 30Mesh 25.3 97.9 2,500 Expandable
Jumbo 300-500 50Mesh 29.5 96.7 2,000 Expandable
Large 180-300 80Mesh 12.6 91.3 1,400 Expandable /Refractory
Medium 150-180 100Mesh 9.9 93.9 950 Battery-grade spherical
Small +105 140Mesh 5.8 94.9 700 Battery-grade spherical
Fines -105 -140Mesh 16.9 90.0 500 Refractory
Production Cost $300-500
Shipping $200
Total $500-700
Average Basket
Price
1,617.80 Mine starting at 12,000 t/y
Resource and PEA U$1.2 million
Capex Mine U$12 million
Note: These are all Projections. Pricing is from Industrial Minerals, other company PEA’s and Benchmark Minerals. The
Flake Dist.% and TGC were results from trenching programs completed on the Madagascar Project.
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Graphite
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*Disclaimer: Testing was done at the Lab we are acquiring but prior to LOI, See DNI Press release dated Oct. 7, 2015
All testing was done to NI 43-101 standards.

MADAGASCAR IS A MINING
FRIENDLY JURISDICTION
President Barack Obama and First Lady Michelle Obama
greet, His Excellency and Mrs. Hery Rajaonarimampianina
President of the Republic of Madagascar Aug, 5, 2014
Over the past 5 years an estimated $9 Billion
has been invested in Madagascar
by major mining companies.
Sherritt, Kores, Sumitomo and Rio Tinto 12
Graphite
Mine

WHICH GRAPHITE PROJECT IS MOST
ATTRACTIVE?
Company Location Grade % 30
Mesh
$2500
% 50
Mesh
$2000
%80
Mesh
$1400
%100
Mesh
$950
%-100
Mesh
$550
%
large
Flake
Basket
Sales
Price
U$/t
Cash
Cost/Mt
Tonnes
/year
Distance
To Port
Permitted Capex Capital Cost
U$/Mt
Margin
U$/Mt
Mason Quebec, Can 17.2% n/a 22 14 17 47 36 $1056.00 U$376 51,900 200+km No U$123.8
million
$2,385.36 $680.00
Focus Quebec, Can 15.1% n/a 12 28 37 23 40 $1,110.00 U$441 44,300 350+km No U$166 million $3,747.17 $669.00
N. Monde Quebec, Can 4.62% n/a 16.10 29.80 11.10 43 45.9 $1,081.00 C$660 50,000 130km No U$144 million $2,880.00 $421.00
Northern Ontario, Can 2% 22 38 34 6 n/a 94 $1,843.00 U$640 20,800 462km No U$84 million $4,038.46 $1,2013.00
Energizer Southern
Madagascar
6.13% n/a 23.6 22.8 6.9 46.7 46.4 $1,113.60 U$709 53,000 226km No U$163.7
million
$3088.67 $404.60
Syrah Mozambique 20% n/a 8.5 12 11.5 68 20.5 $821.25 U$286(1) 350,000 512km Yes U$144 million $411.42 $535.25
Magnis Tanzania 5.4% 9 32 25 10 24 66 $1,442.00 U$559 220,000 200km U$269 million $1,222.72 $883.00
Alabama
Graphite 10%
oxidized layer
First 3 years
Alabama, USA 2.5% n/a 17.8 36.9 10.4 34.9 54.7 $1,163.35 U$764 5,500
3 years
300+km no U$43.2 million
Year 1-3
U$83.2 in Year
3
$7,854.54 $399.35
Graphex
Mining
Tanzania 10.85% 1.9 24 22.5 6 45.6 48.5 $1,150.30 U$490 69,000 220km No U$73.8 million $1069.56 $660.30
DNI Metals
Projections
Western
Madagascar
7-10% 25.3 29.5 12.6 9.9 22.7 67.4 $1,617.80 U$300-350 12,000 50km Yes U$12 million $833.33 $1,267.80
Large Flake is 80 mesh and larger
Note (1) excluding royalties and corporate taxes
Note: DNI’s projections, based on internal expertise, trenching results, and data from adjacent mines – Resource Study Not Complete
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Graphite
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DNI: 1. Highest potential Margin
2. Lowest Capex
3. Permitted

DNI GRAPHITE DEPOSIT POTENTIAL
HIGH AVERAGE SELLING PRICE – LOW OPERATING COST
Syrah,820
Mason,1060
NouveauMonde,1090
Energizer,1110
DNI,1620
Northern,1840
BASKET PRICE U$ PER MT
Syrah,286
DNI,350
Mason,376
NouveauMonde,507
Northern,640
Energizer,709
CASH COST U$ PER MT
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Graphite
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DNI GRAPHITE DEPOSIT POTENTIAL
LOWEST CAPEX – HIGHEST MARGINS
DNI,12
Northern,84
Mason,124
Syrah,144
N.Monde,144
Energizer,164
CAPEX U$ MILLIONS
Energizer,400
N.Monde,420
Syrah,540
Mason,680
Northern,1210
DNI,1270
MARGINS U$ PER MT
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Graphite
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NATURAL FLAKE GRAPHITE IS TAKING SHARE
FROM THE SYNTHETIC
Graphite
2.7 mt/yr
Natural
Graphite
1.2 mt/yr
Amorphous
700k mt/yr
Flake & Vein
500k mt/yr
Synthetic
Graphite
1.5m mt/yr
Powders
600k mt/yr
Electrodes
900k mt/yr
Made
from
Oil
Mined
from
Mother
Nature
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Graphite
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Battery manufacturers used to prefer synthetic graphite for its superior
consistency and purity. Today, natural graphite can achieves higher
purity rates (99.9% vs 99.0%).

NATURAL IS BETTER, CHEAPER AND MORE
ENVIRONMENTALLY FRIENDLY THAN SYNTHETIC
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Natural graphite
(made into spherical
graphite)
US $7,000 per mt
Synthetic graphite
US $10,000 per mt
Natural graphite offers:
* better electrical and thermal conductivity;
* 67% less energy consumed in manufacture;
* 30% lower cost for use in Lithium Ion Batteries;

LITHIUM ION BATTERIES
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Graphite
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US geological survey
Flake Graphite demand forecast 6.1% Cagr 2016-2025.
Li ion batteries have 10-20x more Graphite than Lithium!

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Expandable graphite markets
• Fuel cells
• Gaskets
• Foil
• Construction materials
- flame retardant
- replaces carcinogenic compounds
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Graphite
Mine
EXPANDABLE GRAPHITE
Large Flake expands better than small flake
commanding much higher margins.
DNI is 67.4% large flake*
*Disclaimer: Testing was done at the Lab we are acquiring but prior to LOI, See DNI Press
release dated Oct. 7, 2015All testing was done to NI 43-101 standards.

DNI – GRAPHITE
WHOLESALE
• Building customers.
• DNI has confirmed orders for a minimum sales of 2,340 tonnes of graphite in 2017.
• Goal to is to increase sales to 4,000 tonnes in 2017 and 10,000 tonnes in 2018.
• DNI is buying the graphite from the 4th largest graphite producer in the world. They
operate the largest graphite mine in the world, located in Brazil.
• Like Madagascar, the Brazilian production comes from low-cost Saprolite.
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Graphite
Mine
Graphite
Sales

DNI – CSE DG7N – Frankfurt DMNKF – OTC Pink
40.7 million shares 25% owned by Mgmt., Board, and Advisors
10,600,000 warrants @ C$0.10 Expire July-Dec. 2017
375,000 options @ C$0.09 Expire July 2016-Feb. 2020
1,750,000 options @ C$0.06 Expire June 2021
Closing Price March 2, 2017 C$ .08
Market Cap. March 2, 2017 C$ 3.2 million
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DNI Metals
Inc.
Mine
Graphite
Sales

BIOGRAPHIES –MANAGEMENT & ADVISORS
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John Carter Special Advisor Process Engineer
Has over 35 years experience in the metals and mining industries. Mr. Carter specializes in the engineering design and
manufacturing of mineral processing equipment for mining operations and operators such as Timcal Inc., currently the
largest natural graphite mining company in North America. Recently Mr. Carter served as Vice President of Engineering
at Saint Jean Carbon, and VP Operations at Canada Carbon both junior mining companies.
John has built over 200 mineral processing plants around the world, including 3 graphite processing plants.
John Gillett Administrator Geology
Has been involved in DNI’s Alberta Projects since 2008, and previously during the 1990’s. From 2003 to 2008 Mr. Gillett
worked on DNI’s Utah, Nevada, and Arizona Projects. The Kiewit Gold Project 0.5% royalty is one of the Utah Projects
Peter Eriksson Country Manager – Brazil Logistics Expert
Mr. Eriksson is the Managing Director of SR Brazil., in Belo Horizonte, Brazil. He has lived in Brazil since 1993, and is
fluent in Portuguese and English. Prior to moving to Brazil from Canada, Mr. Eriksson was the VP Business
Development at Longview Capital. He has over 18 years in the natural resource industry. He managed a very successful
Brazilian Import/Export Business.
Steven Goertz Country Manager – Madagascar Geologist
Mr. Goertz is the Principal of Hendry Consulting, a consultancy group servicing the resources and business sectors and
is based in Madagascar’s Capital City, Antananarivo. A (Canadian / Australian) geologist and investor with over 30
years’ experience in various countries, Mr. Goertz has been based full-time in Madagascar since early 2007. During this
period, he has developed an extensive local contact network of professional and administrative personnel within
Madagascar’s government and business communities.
Daniel J. Weir Chairman CEO, President
Dan has worked for over 20 years at some of the top financial firms in Canada. He worked as an Institutional Equity Trader,
and as a broker he managed over $500 million. Before joining DNI in November 2014, he was the Head of Institutional
Sales at a boutique firm focused on financing Mining companies. Having raised millions of dollars, both publicly and
privately, Mr. Weir has expertise at evaluating and financing mining deals. Dan has managed large high tech electrical and
energy management projects, having owned his own electrical management firm. Dan graduated from the University of
Toronto.

BIOGRAPHIES- BOARD OF DIRECTORS
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Raymond E. Mitchell Director CPA, CA
Ray Joined the Company in June, 2007, and has over 30 years of experience as a chartered accountant and senior
executive. Mr. Mitchell has previously served as Senior Vice President and Chief Financial Officer for the Canadian
Depository for Securities (CDS). During his 24 year career with CDS, he undertook a variety of senior roles, including
Executive Oversight of the development of SEDAR. Prior to CDS, Mr. Mitchell was responsible for a variety of financial
functions for a large Canadian trust company. He currently serves as CFO of Latin American Minerals (LAT-V).
Daniel J. Weir Chairman CEO, President
Dan has worked for over 20 years at some of the top financial firms in Canada. He worked as an Institutional Equity Trader,
and as a broker he managed over $500 million. Before joining DNI in November 2014, he was the Head of Institutional
Sales at a boutique firm focused on financing Mining companies. Having raised millions of dollars, both publicly and
privately, Mr. Weir has expertise at evaluating and financing mining deals. Dan has managed large high tech electrical and
energy management projects, having owned his own electrical management firm. Dan graduated from the University of
Toronto.
Dr. Ravi Gopal Director PHD, Engineer
Ravi holds a Bachelor’s degree in Electronics and Controls and a Ph.D. in Physics and Instrumentation. He is a seasoned
technology executive with a strong combination of technology and business development skills. Ravi has spent the past 25
years in clean energy technologies such as hydrogen, fuel cells and Lithium Ion batteries. Prior to founding PACEAS, a
company driven by a vision to help accelerate the shift towards a sustainable environment and clean energy technologies,
Ravi was the Vice President of Applications Development at Hydrogenics Corporation (NASDAQ: HYGS, TSX: HYG).
Hydrogenics is a fuel cell manufacturer, based in Canada,
Paul Hart Director MBA, CPA, CA
Paul is a seasoned finance and operations executive with experience in the C-Suite, most recently as Chief Financial Officer
and Corporate Secretary for Electrovaya Inc., a Lithium Ion Battery manufacturer based in Mississauga, Ontario, Canada. In
addition to his experience in clean-technology, he has held senior financial roles with public companies (TSX, NASDAQ) in
the software, internet and financial services industries where he has been responsible for strategic planning, corporate
governance, finance and operations, mergers and acquisitions and capital markets in North America and Europe.
Keith Minty Director Mining Engineer, MBA
Keith has more than 30 years professional experience in mineral resource exploration and development in precious and
base metals, industrial minerals. Mr. Minty obtained extensive graphite technical and operating experience at both North
Coast Industries (now Northern Graphite Corporation) Bissett Creek Graphite and Cal Graphite Corporation (now Ontario
Graphite Inc.) Kearney graphite mine and has experience of in the development of several past and new Sri Lanka
graphite projects. Mr. Minty has had the opportunity of conducting Madagascar precious metals project valuations and is
knowledgeable of the political and social requirements associated with Madagascar project development and operations.

THE DNI TEAM IS DEDICATED AND COMMITTED TO
BEING A FULL PARTICIPANT IN THE CLEAN ENERGY
REVOLUTION.
Contact:
Daniel J. Weir, CEO
Tel: 416-720-0754
danweir@dnimetals.com
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DNI Metals presentation march 2017

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