A Copper-Gold Producer in the Making

Transcription

1 A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December 2016

2 Investment Highlights Large 38,238 hectare project in British Columbia covering an entire porphyry copper belt Defined Hushamu Porphyry Copper - Gold Deposit with molybdenum Rhenium credits: Indicated 1.4 B lbs Cu, 2.8 M oz Au and 65.7 M lbs Mo at.45% Cu Eq; Inferred 0.8 B lbs Cu, 1.7 M oz Au and 34.9 M lbs Mo at.39% Cu Eq; Resource open to SE for 300 metres NW of current resource. Defined Red Dog Porphyry Copper-Gold Deposit: Indicated 23 million tonnes grading 0.32% Cu and 0.46 gpt Au; Inferred 0.8 million tonnes grading 0.23% Cu and 0.33 gpt Au; Multiple additional under explored occurrences including Pemberton Hills and NW Expo; Excellent infrastructure Adjacent to BHP s Past Producing Island Copper Mine; BC power grid and Deep Sea Loading Facility; Road Access; Resource community that understands mining. TSXV: NCX 2

3 Financial Overview As of November 29, 2016 Shares Outstanding Options Outstanding Warrants Outstanding $ million 5.3 million 2.5 million Cash CDN $600K TSXV: NCX 3

4 Board of Directors Dale Corman B.Sc, P.Eng, Chairman Jack McClintock MBA, P.Eng Director, President and CEO David Douglas CA, Director and CFO Brandon Macdonald B.Sc., MBA 40 years experience as a senior corporate officer of publicly listed companies. Extensive expertise in mineral exploration & development, financing, property evaluation and acquisition. Currently Chairman and CEO Western Copper Corp. 30 years experience in all facets of the mineral exploration business and formerly Exploration Manager for BHP Billiton. Chartered Accountant with over 30 years of experience in the accounting, corporate finance, and mining industries. He has participated in the sale or financing of over 30 private and public enterprises with a combined value of over $300 million. Brandon completed his MBA at Oxford University in 2007 where he graduated with Distinction. Also holds a BSc in Geology from UBC. Is a principal with Jing Capital Corp., a firm specializing in marketing Western Companies in Asia. Previously worked in investment banking with Macquarie - London Office. Larry Yau Larry has 20 years of financial and business experience, gained primarily in the mining and resources sectors. Most recently, Larry was Chief Financial Officer for two junior mining companies where he was heavily involved in raising capital and the successful construction of mines in North America. Previously, Larry was Manager, Corporate Development, at Placer Dome Inc. until its acquisition by Barrick Gold Corp. and participated in several high-profile, international acquisitions. He is a Canadian Chartered Accountant. TSXV: NCX 4

5 NCX Controls an entire Porphyry district Two Known deposits and numerous additional porphyry targets Red Dog Pemberton Hills TSXV: NCX 5

6 Hushamu Mineral Resource Indicated Resource: Copper: 1.4 Billion lb Gold: 2.8 Million oz Molybdenum: 65.7 Million lb Resource Grade Contained Metal Tonnes (x1000) Copper % Gold g/t Mo % Re ppm Cu Eq % Copper B lb Gold M oz Mo M lb Re Kg x 1000 Indicated 304, Inferred 205, ** Copper equivalent calculated using US$2.50/lb Cu, US$1100/oz Au and US$14.00/lb Mo and is not adjusted for mining and metallurgical recoveries as these remain uncertain. Copper cutoff at 0.3% CuEq Rhenium values have not been used in the cutoff grade or Cu Equivalent calculations TSXV: NCX 6

7 Mt Polley Hucklberry Copper Mtn. Mt Milligan Gibraltar *Hushamu g/t CuEq% Comparable Resources at Operating British Columbian Mines 0.4 Copper % 0.35 Gold % 0.6 Copper % % Comparable Operating Mines Hushamu Deposit (Based on Cu Eq at $2.50, $1,100 Au, $14 Mo) TSXV: NCX Grades compare well with current operating mines in BC 7

8 Hushamu Resource Upside Holes drilled down low-grade vertical dykes TSXV: NCX 8 Deposit open to southeast

9 Cross Section Hushamu Deposit QFPP intrusive 0.56%, m Cu eq%, Re gpt interval metres Copper equivalent based on US$ 2.50/lb copper, $1100 opt gold, $14/lb molybdenum, no value given for rhenium Life of mine strip ration 1.76 to 1 TSXV: NCX 9

10 Additional Targets May Add Further Resources NW Expo Red Dog Deposit Pemberton Hills TSXV: NCX 10

11 Red Dog Deposit 50% better grade than Hushamu 10km by road from Hushamu Source of early stage feed for potential mining operation at Hushamu Category Tonnes %Cu ppm Au %Mo Indicated 23,633, Inferred 848, TSXV: NCX 11

12 Red Dog Deposit Current Resource High Level Alteration Indicates Buried Deposit at Depth Red Dog Alteration Map TSXV: NCX 12

13 Red Dog Deposit Cross Section Low strip ratio 0 200m Option to earn 100% interest subject to 3% NSR (2% can be purchased for $1M per 1%) TSXV: NCX 13

14 North West Expo Targets 0.12%Cu & 0.09gpt Au / 176m 0.16% Cu & 0.14gpt Au / 61m Mineralized drill hole Non mineralized or abandoned hole Untested IP Anomaly >15mv/v Slide Zone Hole abandoned in Overburden Historical Red Dog Resource (open to NW) 0 Km Scale 2 Km Soil and rock sampling indicates Red Dog zone continues to IP anomaly TSXV: NCX 14

15 Pemberton Hills Targets High level alteration indicative of underlying copper porphyry deposit Area of high-level porphyry alteration: Silicification Silicification Open IP Anomaly 3.5 by 1.5km area of high-level Silicification and Advanced Argillic Alteration Deep hole ends in 0.14% Cu Untested by drilling Small portion surveyed by IP is open to South TSXV: NCX 15

16 Catalyst for Value Creation Completion of PEA Finalize metallurgy; Complete mine plan based on revised Hushamu Resource model and Red Dog resource Capital and operating cost estimates Timeline and Cost Completion of Red Dog metallurgy (January) $ 40,000 Mine Plan (Jan - Feb ) $100,000 Update tailings and Capex and Opex estimates (Jan- Mar) $250,000 Total $390,000 TSXV: NCX 16

17 Cautionary Disclaimer Regarding Forward-Looking Statements and Information Certain of the statements and information in this press release constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements and information generally express predictions, expectations, beliefs, plans, projections, or assumptions of future events or performance and do not constitute historical fact. Forward-looking statements and information tend to include words such as may, expects, anticipates, believes, targets, forecasts, schedules, goals, budgets, or similar terminology. Forward-looking statements and information herein include, but are not limited to, statements with respect to the completion of the Proposed Arrangement and the expected structure thereof; anticipated shareholder, court and regulatory approvals; and the expected timing of closing of the Arrangement. All forward-looking statements and information are based on NorthIsle s or its consultants' current beliefs as well as various assumptions made by and information currently available to them. These assumptions include, without limitation that shareholder and court approvals to the Proposed Arrangement will be obtained in a timely manner, and that regulatory approvals will be available on acceptable terms. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking statements and information are inherently subject to significant business, economic, and competitive uncertainties and contingencies and are subject to important risk factors and uncertainties, both known and unknown, that are beyond NorthIsle s ability to control or predict. Actual results and future events could differ materially from those anticipated in forward-looking statements and information. Examples of potential risks are set forth in Northisle's annual report most recently filed with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators as of the date of this press release. Accordingly, readers should not place undue reliance on forward-looking statements or information. NorthIsle expressly disclaims any intention or obligation to update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. John McClintock, P Eng is the Qualified person responsible for the technical content of this presentation TSXV: NCX 17

18 T: F: th Floor 1040 West Georgia Street Vancouver, BC V6E 4H1 TSXV: NCX 18