Upload
others
View
4
Download
0
Embed Size (px)
Citation preview
September 2012
TSXV: NCX November 2016
TSXV: NCX
A Copper-Gold Producer
in the Making
100% owned North Island Project on
Vancouver Island in British Columbia, Canada
TSXV: NCX 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.
Multiple additional under explored occurrences including historical Red Dog Deposit;
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.
Recent acquisition of Red Dog historical resource*, if verified, could add 20 million tonnes at a
50% higher grade than Hushamu;
*Caution: Non current resource requires verification by Qualified Person
Not to be relied upon
TSXV: NCX 3
TSX V: NCX
Financial Overview
As of March 1, 2016
Shares Outstanding 102.5 million
Options Outstanding 6.6 million
Warrants Outstanding – 2,500,000 @ $0.05 2.5 million
Cash CDN $ 650K
TSXV: NCX 4
Management and
Board of Directors Dale Corman, B.Sc, P.Eng, Chairman
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.
Jack McClintock, MBA, P.Eng Director, President and CEO
30 years experience in all facets of the mineral exploration business and formerly Exploration Manager for BHP
Billiton.
David Douglas, CA, Director and CFO
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 Macdonald, B.Sc., MBA
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 5
Red Dog
NCX Controls an entire Porphyry district
Two known deposits and numerous additional porphyry targets
TSXV: NCX 6
Hushamu Mineral Resource
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 304,000 0.21 0.29 .010 0.55 0.45 1.4 2.8 65.7 167.4
Inferred 205,600 0.18 0.26 .008 0.38 0.39 0.8 1.7 34.9 78.1
Indicated Resource:
Copper: 1.4 Billion lb
Gold: 2.8 Million oz
Molybdenum: 65.7 Million lb
** 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 7
Comparable Resources at Operating
British Columbian Mines
0
0.05
0.1
0.15
0.2
0.25
0.3
0.35
0.4
%
Copper %
0
0.05
0.1
0.15
0.2
0.25
0.3
0.35
0.4
g/t
Gold g/t
0
0.1
0.2
0.3
0.4
0.5
0.6
Cu
Eq
%
Copper Eq %
(Based on Cu Eq at $2.50, $1,100 Au, $14 Mo)
Comparable Operating Mines
Hushamu Deposit
Grades compare well with current operating mines in BC
TSXV: NCX 8
Hushamu Resource Upside
Deposit open to southeast
Holes drilled
down low-grade
vertical dykes
TSXV: NCX 9
Cross Section Hushamu Deposit
0.56%, 0.05
192m
Cu eq%, Re gpt
interval metres
QFPP intrusive
Copper equivalent based on US$ 2.50/lb copper, $1100 opt gold, $14/lb molybdenum, no value given for rhenium
Life of mine strip ratio 1.76 to 1
TSXV: NCX 10
Additional Targets May Add Further Resources
NW Expo
Pemberton Hills
Red Dog
Deposit
TSXV: NCX 11
North West Expo and Red Dog Targets
Historical Red
Dog Resource (open to NW)
Hole
abandoned in
Overburden
Untested IP
Anomaly >15mv/v
0.12%Cu &
0.09gpt Au / 176m
Mineralized drill
hole
Non mineralized or
abandoned hole
0.16% Cu & 0.14gpt Au / 61m
Scale 2 Km 0 Km
Slide
Zone
Soil and rock sampling indicates Red Dog zone continues to IP anomaly
TSXV: NCX 12
High-Level Alteration Suggests
Porphyry Deposit at Depth
• 1.5 by 0.8 km area
of high level
alteration
• Drill holes in central
of part of zone
show increasing
copper with depth
• Historical resource
occurs in high level
quartz breccia
(Potential Buried Porphyry Copper at
Depth)
section
TSXV: NCX 13
Red Dog Deposit
• Historical Resource: 20m tonnes
at 0.3%Cu, 0.55gpt Au and 0.012%
Mo*;
• Low Strip ratio;
• Open to west to untested IP
anomaly;
• 10km from Hushamu deposit by
road
• 50% better grade than Hushamu
• Potential positive impact to
Hushamu economics
*Caution: Non current resource requires verification by Qualified Person
Not to be relied upon
Option to earn 100% interest subject to 3%NSR (2% can be purchased for $1m per 1%)
TSXV: NCX 14
Verification Drilling Confirms Grades of
Historical Holes
2016 Drill Holes Adjacent Historical Hole
Hole ID Length
(metres)
Cu % Au gpt Hole ID Metres (Metres)
Cu% Au gpt
RD16-01 198.5 0.31 0.47 90-01 198 0.36 0.61
RD 16-02 146 0.33 0.52 EC
132A
146 0.31 0.51
RD 16-03 70.8 0.30 0.55 91-04 70.6 0.33 0.50
RD 16-06 122 0.30 0.41 EC 133 121.9 0.31 0.47
TSXV: NCX 15
Pemberton Hills Targets
• 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
Silicification
Open IP
Anomaly
Silicification
Area of high-level
porphyry alteration:
High level alteration indicative of underlying copper porphyry deposit
TSXV: NCX 16
Catalyst for Value Creation
• Completion of PEA
– Addition of Red Dog Resource to mine Plan;
– Finalize metallurgy;
– Complete mine plan based on revised Hushamu Resource model and Red Dog
resource
• Timeline and Cost
– Completion of Red Dog metallurgy (November) $ 40,000
– Resource update Red Dog (November) $ 20,000
– Mine Plan (Dec - Jan ) $100,000
– Update tailings and Capex and Opex estimates (Jan- Mar) $250,000
Total $410,000
TSXV: NCX 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 18
15th Floor – 1040 West Georgia Street
Vancouver, BC V6E 4H1
T: 604-638-2515
F: 604-669-2926
www.northisle.ca