“producing heavy minerals from canada’s …€œproducing heavy minerals from canada’s...

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TM

“Producing Heavy Minerals from Canada’s Athabasca Sands”

TZMI Congress, Hong Kong

November 9, 2011

Forward Looking Information

This presentation contains forward-looking information that involves various risks and uncertainties

regarding future events. Such forward-looking information includes, without limitation, statements based on

current expectations which are based on assumptions and 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 in

the Corporation’s documents filed with the Canadian securities regulatory authorities on SEDAR at

www.sedar.com. Most notably these risks and assumptions include, but are not limited to: successful

removal/recovery of zircon, bitumen and solvent; changes in worldwide prices of zircon and titanium;

fluctuation in exchange rates; development and commercialization plans; 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; potential

values of recovered zircon, bitumen and solvent; expected future oil sands production & bitumen losses;

and prospective results of operations, financial position or cash flows that are based on assumptions about

future economic conditions and courses of action. These and all subsequent written and oral forward-

looking information are based on reasonable estimates, opinions and assumptions of management on the

dates they are made and are expressly qualified in their entirety by this notice and the Corporation’s

documents filed with the Canadian securities regulatory authorities on SEDAR at www.sedar.com. Except

as required by securities law, the Corporation assumes no obligation to update forward-looking information

should circumstances or management’s estimates or opinions change.

Titanium Corporation November 2011 2

Creating Value from WasteTM

Titanium Corporation is creating value from Canada’s Athabasca Sands in two important areas:

Industry-wide technology solution recovers valuable heavy minerals, bitumen and solvent from oil sand tailings

Reduces emissions, consumption of fresh water and the environmental footprint of tailings ponds



TSXV Share Price Nov 3 (52 week range) $1.85 ($1.00/$2.90)

Average trading volume 50,000 shares/day

Shares Outstanding 64 million

Market Cap $118 million

Major Shareholder Pinetree Capital 11.4%

Cash Position $12 million (August 31/11)

Titanium Corporation Inc. (TSXV : V.TIC)

Titanium Corporation Corporate Information

Titanium’s Management Team


Scott Nelson

President & CEO

(IBM,PWC, Hess,

Amoco, Dome)

Jennifer Kaufield

Vice President, Finance & CFO

(Placer Dome

Catena,E&Y

CA, CPA, BCom)

George Duguay, Corporate Secretary

Dr. Kevin Moran

Vice President, Process

Development

(Syncrude Canada

PhD Chem Eng MScEng, BSc)

John Oxenford

Vice President,

Oil Sands

(Syncrude Canada

MSc. Eng, BSc)

Dr. Salustio Guzman

Vice President, Marketing

(Rio Tinto, Alcan

PhD Metallurgy)

Director Position Other Boards Gordon Pridham Chairman Newalta Corporation; Chairman, US Silver Corp

C. Bruce Burton Corporate Director BioteQ Environmental Technologies; Continental Nickel Inc.

Moss Kadey Corporate Director Brita GmbH

Malcolm Macpherson Corporate Director Minara Resources Ltd; Pluton Resources; Range River Gold Inc.

Scott Nelson President & CEO

Brant G. Sangster Corporate Director Canadian Oil Sands Ltd; Inter Pipeline; Harvest Energy

Eric W. Slavens Corporate Director Altus Group Income Fund

http://www.titaniumcorporation.com/s/Directors.asp?ReportID=162717


Athabasca Sands: One of World’s Largest Oil and Minerals Resources


Oil Production will Double in Next 10 Years:


Athabasca Oil Sands Mining Operations

•4 mining sites

•Up to 1 million tpd per site

•400 ton trucks, 100 ton shovels


Oil Sands Extraction Process

•Hot water slurry

•Flotation, mixing, settling

• ~40,000 tons/hr

•Produces bitumen “froth”

•Minerals concentrated in froth


Bitumen Froth Treatment Process

•Solvent added to bitumen froth

•Gravity separators reject sand/water

•Bitumen product for up-graders and pipelines

•Tailings contain concentrated heavy minerals and lost bitumen

http://cnrl.com/thumbs/Q308/Overall Site Photos/Slide12.JPG

http://cnrl.com/thumbs/Q108/BP/Slide17.JPG

Froth Treatment Tailings

Composition of tailings:

73 - 80% water

2 -10% bitumen & solvent

17% solids containing minerals

Heavy minerals ~25% of solids

Froth treatment tailings at four sites:

Syncrude, Suncor, CNRL, Shell

2-4 million tons of solids annually per site

10.5 million tons per year total solids



Athabasca Sands Heavy Minerals:

~12% Zircon

0.5

22.6

23.3

2.2

12.1 4.9

34.1

magnetite

ilmenite

leucoxene

rutile

zircon

pyrite

other

WATER

HYDROCARBON

CONCENTRATOR PLANT

CONCENTRATOR

TAILINGS

Integration of Oil Sands Mining and Heavy Minerals Processes:


Oil Sands

Tailings Pond

15

Four Operating Mining Sites:

Over $800 million per year of “recoverable” valuable resources are lost to tailings ponds

(1)Price assumptions: $80/B WTI; $1,400/T zircon

Zircon 200,000 – 250,000 tons 65% – 75% $182M - $262M

Bitumen 8 – 10 million barrels 75% – 80% $360M - $480M

Solvent 750,000 – 995,000 bbls 75% – 90% $45M - $72M

Water 25 – 37 million m3 50% – 80%

Totals $587M - $814M

Potential

Recovery Typical Annual Range Potential

Value(1)

Titanium Corporation November 2011

16

A single large mining site annually loses over

$250 million of “recoverable” valuable resources:

(1) Price assumptions: $80/b WTI; $1,400/t zircon


Zircon 70,000 – 100,000 tons 65% – 75% $64M - $105M

Bitumen 2 – 3 million barrels 75% – 80% $90M - $144M

Solvent 300,000 – 400,000 bbls 75% – 90% $18M - $29M

Water 10 – 15 million m3 50% – 80%

Totals $172M - $278M

Potential

Recovery Typical Annual Range Potential

Value(1)

17

Titanium Corporation’s Athabasca Sands Development Path:


2008 2009 2010 2011 2012+

R&D: Technologies tested at laboratory and bench scale; 6 patents filed

$3.5M Grant from Government of Alberta

leveraged R&D

Commercialization: FEED Engineering

Construction Commissioning

SNC-Lavalin design & engineering of

demonstration plant

Demonstration Pilot (Syncrude, CNRL, Suncor)

$5M Grant from Canadian Government (SDTC)

$14M Private Placement

SNC-Lavalin site specific engineering


On-site Concentrator Pilot Program


Wet Plant Testing


Separation Circuit Development

Pilot Facility at

CanmetENERGY

Titanium’s Pilot at

CanmetENERGY

Creating Value from WasteTM

After 12 month demonstration pilot, our technology has exceeded targets:

Heavy minerals cleaned and concentrated (95%)

80% recovery of bitumen

Recovery of 75% of solvents (a major source of VOC’s at oil sands sites)

Thickened tailings and water recovery


Commercialization Process

•Technical due diligence (completed)

•Site specific planning and prelim. engineering (one site completed)

•Site specific cost estimates and economics (one site completed)

•Fiscal and regulatory terms (Alberta Government review underway)

•Commercial agreements

•Partnering/joint ventures/financing

• EPC (24 months)


Single Site Project Economics are

Robust:

*Preliminary Estimates

Capital Costs $370 million

Annual Revenue $171 million (after royalties)

Operating Expenses $41 million

EBITDA $130 million

IRR 23%

NPV-1 site $360 million


*See next slide for key assumptions: $80/B WTI; $1,400/T Zircon; 25% light/heavy differential

Financial Outlooks and Assumptions

The forward-looking information appearing on the previous slide (including the associated estimates

of capital costs, annual revenue, operating expense, earnings before interest, taxes, depreciation,

amortization and other certain items (EBITDA), internal rates of return (IRR), and net present values

have been presented to provide investors with management's estimate of the single site economics

for a facility employing the Corporation's Creating Value from Waste™ process. This forward-looking

information is based upon the following assumptions: $80 USD/bbl WTI; bitumen price differential

25% (i.e., bitumen price of $60 USD/bbl); $1,400 USD/ton for zircon; $80 USD/bbl of solvent; USD

to CDN $ exchange rate $1.00; discount rate 10%; Federal and Alberta tax rates of 28%; production

of 100 million barrels per year with an estimated 2% bitumen contained in froth tailings stream;

estimated bitumen recovery of 75%; 300,000 bbls of solvent being contained in tailings; estimated

solvent recovery of 75%; estimated zircon recovery of 55,000 tons/year. Investors are cautioned

that actual results may vary from such forward-looking information. See the Corporation’s

documents filed with the Canadian securities regulatory authorities on SEDAR at www.sedar.com for

a description of material risk factors that could cause actual results to differ materially from the

financial outlook.


Compelling Economic and Environmental Benefits of

Implementing Titanium’s Technology:

At 2010 Athabasca Oil Sands production:

Economic Benefits: (current prices)

• 170,000t/y zircon; $340 million/yr

• 28,000b/d bitumen;$700million/yr

Environmental Benefits:

• VOC reduction of 80%;60kt/yr

• CO2 reduction 5.6%; 0.8 Mtonnes/yr

• NOx reduction 4.2%;1.9kt/yr

• >50% recycle water; 25% river water usage reduction

At 2020 projected production:

Economic Benefits: (current prices)

• 400,000t/y zircon; $800 million/yr

• 70,000b/d; $1.8 billion/yr

Environmental Benefits:

• 80%; 151kt/yr

• 5.6%; 2.4 Mt/yr

• 4.2%; 5.8kt/yr

• >50% water recycle; 25% river water usage reduction

November 2011 Titanium Corporation 28

Multiple Minerals Projects in High

Growth Athabasca Oil Sands Sector:

4 large mining sites currently in operation and expanding: Syncrude, Suncor, CNRL, Shell

Imperial Kearl mine commissioning 2012

Oil production forecast to more than double to 3 million b/d in next 10 years; associated sand tailings rich in heavy minerals

Titanium’s technology addresses environmental concerns about tailings and emissions

Zircon potential of 400,000 t/y for growing international markets


For Information on

“Creating Value from Waste™”


Scott Nelson

President & Chief Executive Officer

403-561-0439

[email protected]

Titanium Corporation

Suite 1400, Baker Centre

10025 – 106th Street

Edmonton, Alberta

T5J 1G4

780-760-0512

www.titaniumcorporation.com

TSX Venture Exchange under the symbol “TIC”

“producing heavy minerals from canada’s …€œproducing heavy minerals from canada’s...

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