Northisle Copper And Gold Inc. · TSXV:NCX
Northisle Copper And Gold — PDAC 2025
32 slides from Northisle Copper And Gold's conference presentation, March 2025
Slide 1: Unlocking Copper Value Through Gold
Unlocking Copper Value Through Gold CORPORATE OVERVIEW | MAR 2025 | TSX-V:NCX
Slide 2: Cautionary Disclaimer Regarding Forward-Looking Statements and Information
Cautionary Disclaimer Regarding Forward-Looking Statements and Information Certain information in this presentation constitutes forward-looking statements under applicable securities law. Any statements that are contained in this presentation that are not statements of historical fact may be deemed
Slide 3: 2025 North Island Project PEA
2025 North Island Project PEA Generational Project in a Historic, 35km Porphyry District Exceptional Economics $2.0 29% 1.7x Bn NPV IRR Base and Return NPV / Capex @ Spot @ Spot @ Spot $3.8B 45% 3.3x High Leverage to Gold and Copper Production Phased Development Low Initial Capital Intensity 157 29y
Slide 4: North Island Projects Gets Better and Better
North Island Projects Gets Better and Better Significant Gold Production in Phase 1 Dramatically Improves Economics 2025 PEA 2025 PEA NPV7% ($Bn) IRR 2025 PEA PEA Scenario Phase 1 Base LOM Base Spot Price3 Case2 Case2 $4.8 NPV5% NPV 7% (after-tax) $2.0Bn (7%) $3.8Bn (7%) $3.8 IRR (after-tax) 29% 45%
Slide 5: The Most Developable Copper Project Globally?
The Most Developable Copper Project Globally? IRR (%) Payback Period (years) Leading IRR Rapid Repayment of Investment 4.6 28.6% 3.9 22.1% 18.3% 1.9 North Island Average NPV (>$2b) Average NPV (<$2b) North Island Average NPV (>$2b) Average NPV (<$2b) Mine Life (years) Initial Capex / Annual Producti
Slide 6: Exploration Upside – The Journey Has Just Begun
Exploration Upside – The Journey Has Just Begun Significant Value Driven by Effective Exploration North Island Project • $7 million fully funded Pemberton Hills 2025 PEA Mapping and Airborne $2.0Bn NPV7% / 29% IRR exploration program Geophysics focused on expanding Hushamu higher margin and grade Ma
Slide 7: Northisle Gaining Momentum
Northisle Gaining Momentum Share Price History Relative Performance – Jan 2024 to Present (1) $0.70 2.5 Price Volume $0.60 61.5% 2.0 51.2% $0.50 Volume (millions) Share Price (C$) 1.5 41.50% $0.40 33.5% $0.30 1.0 $0.20 12.8% 0.5 $0.10 $0.00 0.0 Northisle GDXJ COPJ Gold Price Copper Price 26/Feb/24 2
Slide 8: Experienced, Effective Leadership
Experienced, Effective Leadership ✓ PROVEN TRACK RECORD in finding ✓ OVER 200 YEARS collective mining ✓ SUSTAINABLE APPROACH to mineral and developing world class mines and capital markets experience discovery and project development Sam Lee, CFA President & CEO1, Director Dale Corman, B.Sc, Chairma
Slide 9: BC Is Open For Business for Critical Metals
BC Is Open For Business for Critical Metals Multiple Operating Copper Mines | Developers Increasing Success Rate in Modern EA Process Producing Copper Mine 20 Projects Sanctioned in BC Since Passage Turnagain Producing Gold Mine of Environmental Assessment Act Kutcho Permitted Mine 90% Galore Creek
Slide 10: North Island – Exceptional Infrastructure
North Island – Exceptional Infrastructure Logging and mining activity has left a legacy of roads, power and ports TSXV: NCX 10
Slide 11: 2025 PEA Summary
2025 PEA Summary PEA HIGHLIGHTS – BASE CASE 1,2 ✓ Robust economics Phase 1 LOM Mine Life 5 28.7 ✓ High leverage to copper and gold Average Throughput Capacity (Mtpa) 14.6 26.2 Strip Ratio (waste:ore) 1.43:1 0.81:1 ✓ Significant production profile Copper Recovery 86.7 80.1 ✓ Simple flowsheet Gold Rec
Slide 12: On-site Infrastructure
On-site Infrastructure Low strip ratio relative to other open pit operations reduces surface material piles • Phase 1 operations in Northwest Corridor with conveyor to plant site adjacent to Hushamu • Phase 1 process includes concentrate production and gold leach of flotation cleaner and rougher tai
Slide 13: Two-phased Approach Lowers Initial Capital Intensity
Two-phased Approach Lowers Initial Capital Intensity • Phase 1 supports quick payback of 1.9 years and fully funds Phase II expansion • $357 million average annual cash flow in Phase 1 1,200 Post-Tax CF - Phase 1 Post-Tax CF - Phase 2 6,000 Initial Capex Expansion Capex 1,000 5,000 Post-Tax Cumulati
Slide 14: Value Added Exploration – High Grade = High Margin
Value Added Exploration – High Grade = High Margin $7 million 2025 budget focused on high leverage additions within PEA footprint 2025 Drill Program Focus Northwest Expo • Fault offset targets for high grade mineralization (15% budget) West Goodspeed • Continued step-outs to expand discovery footpri
Slide 15: Northwest Expo – High Return Opportunity
Northwest Expo – High Return Opportunity Higher-grade Sweetener to an Already Good Project NSR Cutoff In Situ Tonnage and Grade Contained Metal Strip Class Tonnage Cu Au Cu Eq. Au Eq. NSR Cu Au Cu Eq. Au Eq. ($/T) (mm (000 (mm (000 Ratio (000 T) (%) (gpt) (%) (gpt) ($/t) lbs) ozs) lbs) ozs) Indicate
Slide 16: West Goodspeed – New Discovery Potential
West Goodspeed – New Discovery Potential Aerial View Looking East to West Goodspeed • West Goodspeed discovered during 2023 by two intercepts (GS23-04 and GS23-05) • 2024 drilling has demonstrated an 800m strike, 300m dip and 50-150m width of copper mineralization and porphyry- related alteration •
Slide 17: Pemberton Hills – Giant Porphyry Potential
Pemberton Hills – Giant Porphyry Potential 2023 Drilling Confirmed Thesis and Enhanced Understanding of System Pemberton Hills Schematic Cross-section showing PEMBERTON HILLS ALTERATION SCALE COMPARES WITH MAJOR PORPHYRYS Hypothesized dip and faulting of Lithocap *Not to scale* Area drilled in Lengt
Slide 18: BC and Canada Open For Business
BC and Canada Open For Business Political will has never been stronger “… part of our strategy is to strengthen our economy and to make ourselves more self-sufficient… [which] starts with leveraging our incredible natural strengths… The North Island Advantage including mines, renewable energy, and n
Slide 19: Northisle is a Leader in Consent-Driven Decisions
Northisle is a Leader in Consent-Driven Decisions Close Collaboration Has Created Positive Permitting Outcomes Dec 2022: Quatsino April 2023: Agreement Tlatlasikwala Agreement Draft Permit Submissions Permits Submitted Northwest Expo Pemberton Permit Provided to First Nations1 to EMLI Permit Receive
Slide 20: Near Term Catalysts: The Time is Now
Near Term Catalysts: The Time is Now Q1 2025: Updated PEA Q2 2025: Commence 2025 Northwest Corridor Exploration Q2 2025: Target commencement of PFS Work Q3 2025: West Goodspeed Exploration Results H2 2025: Northwest Expo Exploration Results Q4 2025: Additional Exploration Results Q4 2025: Target com
Slide 21: Northisle Copper and Gold Inc. Contact
COPPER AND GOLD INC. 14th Floor – 1040 West Georgia Street Vancouver, British Columbia V63 4H1 Investor Inquiries: Nicholas Van Dyk, Chief Financial Officer +1.604.638.2515 info@northisle.ca www.northisle.ca TSXV: NCX 21
Slide 22: Appendix
—_. NORTHISLE COPPER AND GOLD INC. APPENDIX
Slide 23: North Island – Integrated Resource Update
North Island – Integrated Resource Update Significant Increase in Indicated Resource Contained Metal Supports Upcoming PEA Update Tonnes (mm) Cu (mm lbs) Au (000 ozs) Mo (mm lbs) Re (000 lbs) Significant increase in Indicated tonnage and Current 0.16% 0.24g/t 75ppm 0.42ppm contained metal over Add
Slide 24: Preliminary Development Timeline
Preliminary Development Timeline Potential to compress through proactive engagement Milestones -6 -5 -4 -3 -2 -1 1 Exploration First Nations and Stakeholder Consultation Complete PEA Expand Environmental Baseline Programs Complete PFS Complete FS Submit Draft EIS Submit Final EIS Complete Engineerin
Slide 25: NorthIsle Positioning – Global Cost Curve
NorthIsle Positioning – Global Cost Curve 2024 Copper Production Ranked on Cash Cost1 Quartile North Island (LOM) 157mlbCuEqpa North Island (Phase 1) Cash Cost (US$/lb) US$2.04/lb CuEq 151mlbCuEqpa US$1.49/lb CuEq Copper Production (kt) 2024 Gold Production Ranked on Cash Cost1 Quartile North Island
Slide 26: 2025 PEA Summary Flowsheet
2025 PEA Summary Flowsheet Phase 1 Phase 2 • Phase 1 starts with material from NW Expo and Red Overland Dog, conveyed overland to the Hushamu Conveyor relocated Hushamu processing site. NW Expo / Red Dog 40 Ktpd 40 Ktpd • The Phase 1 process includes CN leaching of both rougher and cleaner flotation
Slide 27: Northern Vancouver Island is Ready for Growth
Northern Vancouver Island is Ready for Growth Resource-based Economy Combined with Community Support Focus on Extractive Industries 2021 Employment Provincial Average: 4% Resource Sector Other 20% 80% TSXV: NCX Source: Community Information Tool: https://communityinformationtool.gov.bc.ca/ 27
Slide 28: Northern Vancouver Island is Ready for Growth
Northern Vancouver Island is Ready for Growth Resource-based Economy Combined with Community Support TSXV: NCX 28
Slide 29: Island Copper Mineralization
Island Copper Mineralization 1995 Pit Outline and alteration map informs structural understanding Source: Adapted from José Péreilló et al., Economic Geology, 1995 TSXV: NCX 29
Slide 30: Pemberton Hills – New Discovery Potential
Pemberton Hills – New Discovery Potential Buried Cu-Au-Mo porphyry target beneath an aerially extensive lithocap 6.5km x 1.5km area of high-level advanced argillic alteration and silica cap typically found above buried porphyry systems Large IP target subject of various exploration programs by S
Slide 31: Pemberton Hills – New Discovery Potential
Pemberton Hills – New Discovery Potential Immense Lithocap Dipping Southwest Dip Slope Dip Slope Dip Slope TSXV: NCX 31
Slide 32: Pemberton Hills – New Discovery Potential
Pemberton Hills – New Discovery Potential Block faulting consistent with regional structures SE *Not to scale* Pemberton Hills Schematic Cross-section showing Hypothesized dip and faulting of Area drilled in 2018/2021 Lithocap Area for future drilling TSXV: NCX 32