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The Storø Gold Project
For Further Information: GREENLAND RESOURCES Inc. 80 RICHMOND ST. WEST SUITE 507, TORONTO, ONTARIO M5H 2A4, CANADA TYCHO JESSENS VEJ 14A, DK 3100, HORNBAEK, DENMARK WWW.GREENLANDRESOURCES.CA
Forward Looking StatementsNo stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This Corporate Presentation contains forward-‐looking information, which is not comprised of historical facts. Forward-‐looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-‐looking information. Forward looking information in this Corporate Presentation includes, but is not limited to, the Company’s objectives, goals or future plans, statements regarding the estimation of mineral resources, exploration results, potential mineralization, exploration and mine development plans, the availability of financing, the timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-‐looking information include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates including the costs of operations in remote mountainous environments, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry.
Although the Company believes that the assumptions and factors used in preparing the forward-‐looking information in this Corporate Presentation are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this presentation, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-‐looking information, whether as a result of new information, future events or otherwise, other than as required by law.
The scientific and technical information contained in the Corporate Presentation has been reviewed by Jim Steel, MBA P.Geo., who is an independent "Qualified Person" as such term is defined under National Instrument 43-‐101 – Standards of Disclosure for Mineral Projects (“NI 43-‐101”).
Greenland Resources Inc. All Rights Reserved. 4June 2015
Investment HighlightsLOCATED IN GREENLAND • Over US$13M invested with more than 17km drilled in 99 drill holes • Recently completed Phase 1 step-‐out drilling shows Main Zone continuation • The Fraser Institute ranked Greenland as the #1 area with highest global mineral potential • Located 40 km NE of Nuuk, near the Isua Iron Project, North American Nickel and Hudson Resources • 100 % interest debt and royalty free on the most advanced gold exploration project in Greenland • License 2014/11 with an area of 66km2 comprising two gold prospects, Storø and Qussuk • Greenland is an autonomous territory within the Kingdom of Denmark
FOCUS IS ON GOLD • Gold intercepts include [email protected] g/t Au, [email protected] g/t Au, [email protected] g/t Au, [email protected] g/t Au • 34 of 99 drill holes intersect visible gold • Independent valuation Report of US$11.7M (SRK Sweden, April 2012) • NI 43-‐101 Technical Report dated July 30, 2014 produced by SRK Consulting (Sweden) • Extensive recent resampling of historical core validate the results of the historical drilling
PROPOSED WORK • $1.8 million work program • Update NI 43-‐101 in the context of a Preliminary Economic Assessment • Environmental baseline study • Climate allows for year-‐round mining and shipping
EXPERIENCED MANAGEMENT TEAM WITH PROVEN TRACK RECORD • Team with significant mining and finance expertise in Greenland and international
Greenland Resources Inc. All Rights Reserved. 4June 2015
TeamRuben Shiffman, Executive Chairman (Director) • Co-‐Founder and Executive Chairman of Calvista Gold (TSX:CVZ) successfully sold to Eike Batista AUX Group. • MD Scotia Capital emerging markets. Vice-‐president emerging markets at TD Securities • BBA/MBA from UDLA, PhD Finance National University of Mexico and Doctoral studies in Finance at the University of Toronto • Director in various public mining companies in Canada.
Jesper Alling Coverdale Kofoed, President and CEO (Director) • +20 years as economic geologist within Greenlandic and international mineral projects with numerous project audits worldwide • Participation in: Nalunaq Gold Project, Storø Gold Project, Skaergaard Platinum-‐Gold Project and Malmbjerg Molybdenum • BA and MSc in General Geology & Petrology, University of Copenhagen • Certified Qualified Person by the Fennoscandian Review Board and Member of the Society of Economic Geologists & Geological Society of London
Leonard Asper (Director) • President, CEO and majority shareholder of Anthem Media Group Inc. • Former President & CEO of CanWest Global Communications Corp. Canwest was Canada's largest media company • Co-‐founder of Canterbury Park Capital, a private equity fund • Graduate of Brandeis University and the University of Toronto Law School; honorary Doctorate in Laws from the University of Winnipeg • Board member of the International Business School of Brandeis University where he founded the Asper School for Entrepreneurship
Jim Steel (Advisor) • 30 years experience professional Geoscientist in mining and mining finance in Canada, Latin America and Finland • Former Director of Geology and Metals at consulting engineering firm Genivar Ltd. (now WSP Global Inc) where he provided regulatory oversight in National Instrument 43-‐101 compliance in feasibility studies and preliminary economic assessments, VP and Portfolio Manager at TD Bank.
• Bachelor of Science (B.Sc), Geology/Earth Science from the University of British Columbia and an MBA from the London Business School. Qualified Person under National Instrument 43-‐101
Greenland Resources Inc. All Rights Reserved. 5June 2015
Share Structure
Greenland Resources Inc. All Rights Reserved. 6
CORPORATE STRUCTURE
Greenland Resources Inc. is a Public Company and reporting issuer in Canada Greenland Resources Inc. owns 100% Copenhagen Minerals Copenhagen Minerals owns 100% License 2014/11
Shares Outstanding 35,225,000
Options Outstanding 2,500,000
Warrants Outstanding (@$0.10) 250,000
Fully-‐Dilluted Shares 37,975,000
Cash Balance as of March 31, 2015 $1,290,798
1,500,000 shares at $0.10 upon incorporation (Feb 7, 2008) 2,500,000 shares at $0.10 upon IPO (July 23, 2008) 375,000 shares at $0.10 by private placement (Sept 25, 2009) 16,650,000 shares @ $0.10 upon share purchase agreement with Copenhagen Minerals (May 20, 2014) 14,200,000 shares @ $0.15 non-‐brokered private placement (October 16, 2014)
CURRENT SHAREHOLDERS
CAPITALIZATION SUMMARY
PRIOR FINANCING
June 2015
GreenlandFRASER INSTITUTE
• Ranks Greenland as Global #1 in “Current Mineral Potential Index” in 2013
MULTITUDE OF MINERALS • Base Metals: Nickel, Zinc, Lead, Copper, Iron • Precious Metals: Gold, Silver, Platinum, Palladium • Others: REEs, Molybdenum, Uranium
ACTIVE MINING COMPANIES • 16 listed companies and 18 private companies • 22 companies with more than 40 projects • Primarily companies from Canada, Australia and the UK
MULTITUDE OF PROJECTS • 6 projects with CAPEX > US$10B • More than 130 exploration licenses granted • Annual exploration expenditures exceeding US$100M in 2011
Greenland Resources Inc. All Rights Reserved.
Source: NAALAKKERSUISUT
STORØ -‐ April 2015
7June 2015
Greenland – License Map
Greenland Resources Inc. All Rights Reserved. 8
North American Nickel
June 2015
Storø - Geology
Greenland Resources Inc. All Rights Reserved. 9
GOLD PROSPECTS • Gold prospects in the Nuuk Fjord are located
in strongly deformed rocks of Archean age • The Nuuk Fjord gold prospects occur in
supracrustal volcano-‐sedimentary terrains -‐(Greenstone belt)
GOLD MINERALIZATION • Gold mineralization at Storø are hosted
within the NNE, 300-‐400m wide Storø shear zone
• The altered volcanic rocks have similarities to Archean greenstone belts in Ontario and Quebec
June 2015
Storø – Potential
Greenland Resources Inc. All Rights Reserved. 10
EXTEND MINERALIZATION • Main Zone mineralization open >4km along
strike to the NE towards Appalaartoq Mtn. • Extend mineralized strike between Qingaq
and Aappalaartoq • Aappalaartoq in situ samples 25.6 g/t Au and
scree samples up to 46.4 g/t Au
NEAR TERM OPEN PIT MINE • Infill and step-‐out drilling on Qingaq Main
Zone for a NI 43-‐101 Update • 380m strike within 70m from surface • Gravity + Cyanide recovery 93% • Preliminary Economic Assessment by 2015
June 2015
Storø – Phase 1 Step - Out drilling
Greenland Resources Inc. All Rights Reserved. 11
MARCH -‐ APRIL 2015 DRILLING • The goal was to trace the down-‐plunge continuation of the Main Zone mineralization from Qingaaq mountain.
• Four step-‐outs totalling 1,755 metres in 13 holes (assay results for 3 drill holes have been received)
• Initial results showed continued Main Zone mineralization and grades up to 18.1 g/t gold over 2 metres in hole DDH15-‐03
SELECTED INTERSECTS PER YEAR
• 1995: DH95-‐03, [email protected] g/t Au
• 2005: DH05-‐05, [email protected] g/t Au • 2006: DH06-‐32, [email protected] g/t Au • 2010: DH10-‐54, [email protected] g/t Au • 2015: DH15-‐03, [email protected] g/t Au
June 2015
Storø – Near Term Open Pit Mine
June 2015 Greenland Resources Inc. All Rights Reserved. 12
Storø - Geological 3D Model showing blocks with >1 g/t Au
Greenland Resources Inc. All Rights Reserved. 13June 2015
Greenland Resources Inc. All Rights Reserved.
Qussuk – 40 km to the north of StorøPLATEAU ZONE • Auriferous zones 1.5-‐2.0m wide • Surface sample 35g/t Au • 7 of 20 diamond drill holes with VG
BLUE FOX ZONE • Quartz veined amphibolite • 5-‐30cm band of massive to semi-‐massive iron-‐copper sulfides
• Surface sample 21.7g/t Au
SWAN ZONE • Massive iron-‐copper sulfides in fold hinges in grey meta-‐andesite and amphibolite
• DDH 25 intersected 24m @ 1.23 g/t Au
SWAN N ZONE • 30-‐80m wide by 1km N-‐S trending zone of partly silicified hornblende, quartz, garnet, biotite, and iron-‐copper sulfide
• Channel sample 2m @ 6.5g/t Au
14June 2015
Storø - Work Program
Greenland Resources Inc. All Rights Reserved. 15June 2015
Contacts
Greenland Resources Inc. All Rights Reserved. 16
HEAD OFFICE GREENLAND RESOURCES Inc. 80 Richmond St. West Suite 507 Toronto, Ontario M5H 2A4, Canada
TELEPHONE Canada: +1 416 925 0172 Denmark: +45 2622 1091
OFFICERS Ruben Shiffman, Chairman [email protected] Jesper Kofoed, CEO and President [email protected]
INVESTOR RELATIONS Gary Anstey [email protected]
WEBSITE www.greenlandresources.ca
June 2015
