North Arrow Minerals Inc. · TSXV:NAR
North Arrow Minerals — Nunavut Mining Symposium 2014
27 slides from North Arrow Minerals's conference presentation, April 2014
Slide 1: The Qilalugaq Project: A Large Tonnage Diamond Deposit
The Qilalugaq Project A Large Tonnage Diamond Deposit Nunavut Mining Symposium April 2014 TSX-V: NAR
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains projections and forward looking information that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization, resources, reserves, exploration results and plans and objectives of N
Slide 3: Presentation Summary
Presentation Summary 1. About North Arrow Minerals 2. Current status and history of Qilalugaq Project 3. 2014 Qilalugaq exploration program 4. Timing of Qilalugaq work, results and future potential 3
Slide 4: North Arrow Minerals
North Arrow Minerals Who Are We? A Vancouver, BC based public company; trades on TSX Venture Exchange; NAR : TSXV Explores purely for diamonds in Canada. Management and Board of Directors have discovered / developed many important kimberlites in Canada and Africa including the Diavik Diamond M
Slide 5: Principal Diamond Projects
Principal Diamond Projects Victoria Island Redemption (NT) Qilalugaq (NU) • Near Diavik & Ekati mines • Large tonnage resource • Unexplained KIM trains • Potential Dorisfor high value stones • >$12M dataset • Bulk sample in 2014 • Earning a 55% interest • Under option from Stornoway from Arctic Star
Slide 6: Qilalugaq Project History
Qilalugaq Project History 2000-2005 (BHP Billiton) Eight kimberlite pipes discovered; Q1-4 is the largest; 9 km from Repulse Bay. 2006-2012 Stornoway acquired 100% interest from BHP Billiton; discovered eight kimberlite dikes; established an inferred resource estimate for Q1-4. 2013-2014 Storn
Slide 7: Qilalugaq Project - NU
Qilalugaq Project - NU Can earn 80% from Stornoway by completing mini-bulk sample. Q1-4 kimberlite SWY retains one time back-in right to 40% by paying 3X exploration costs. Primary target is the Q1-4 kimberlite (Repulse Bay, NU) 7 km from tidewater; 9 km from town. Largest diamondiferous kim
Slide 8: Qilalugaq Project - NU
Qilalugaq Project - NU Can earn 80% from Stornoway by View looking south-southwest from completing mini-bulk sample. Q1-4 kimberlite towards Repulse Bay Q1-4 kimberlite SWY retains one time back-in right to 40% by paying 3X exploration costs. Primary target is the Q1-4 kimberlite (Repulse Bay, N
Slide 9: Q1-4 Inferred Resource
Q1-4 Inferred Resource May 2013 resource estimate1 • Inferred Resource = 48.8 Mt, 26.1 Mcts, total diamond content2 53.6 cpht. • TFFE3 = 14.1 to 16.6 Mt, 7.9 to 9.3 Mcts, total diamond content2 56.1 cpht. • Size/grade compares favourably to other current advanced/development projects. 1Mineral res
Slide 10: Resource Comparison: Millions of Carats
Resource Comparison Resource Comparison of Mines at Startup and Current Projects with Resources** Producing Mine Projects with Resources 160 140 120 Millions of carats 100 Q1-4’s 26.1 million 80 carat resource 60 40 20 0 Victor Karowe Ghaghoo Qilalugaq Bunder Renard Gahcho Kue Ekati* Grib Diavik *Ek
Slide 11: Resource Comparison: Carats per Tonne
Resource Comparison Grade Comparison of Producing Mines at Startup and Current Advanced Projects* Producing Mine Projects with Resources 4 3.5 3 Carats per tonne 2.5 2 Q1-4 grade: 0.54 carats per tonne 1.5 1 0.5 0 Ghaghoo Karowe Victor Qilalugaq Renard Bunder Grib Ekati* Gahcho Kue Diavik *this char
Slide 12: Assessing the Q1-4 Kimberlite
Assessing the Q1-4 Kimberlite Determine the amount of Q1-4: A88 +9+7+5 DTC kimberlite… =48.8 million tonnes Determine the number of carats of diamonds… =53 carats of diamonds per hundred tonnes of kimberlite Determine the value of the diamonds in the kimberlite… =? 12
Slide 13: Q1-4 Diamonds
Q1-4 Diamonds Q1-4: A88 +9+7+5 DTC Size and grade on par with other operating mines; diamond value still unknown. 64 carat parcel recovered to date suggests a value on par with ‘typical Canadian smalls’. Need a larger diamond parcel (+500 cts) for a more robust valuation. Qilalugaq’s norther
Slide 14: Q1-4 Yellow Diamonds
Q1-4 Yellow Diamonds Q1-4 diamond parcel includes a population of yellow diamonds described as ‘fully saturated’. Presence of yellow diamonds could have a significant positive impact on diamond valuations for Q1-4. Potential to bring up a modeled average value into the upper Selection of +9 DT
Slide 15: Yellow Diamonds - Supply
Yellow Diamonds - Supply The Ellendale Mine – Australia A look at the biggest single Kimberley Diamonds (the producer) has an off-take producer of yellow diamonds agreement with Laurelton Diamonds (Tiffany’s) to sell the in the world yellow stones so information is public. Produces ~50% of the w
Slide 16: Potential Impact of Yellows
Potential Impact of Yellows Case Study: Potential Impact of Fancy Yellows on Average Diamond Price Yellow Goods Commercial Goods % of Run of Mine Diamond Population 100% 5% 10% 90% 80% 70% 56% 73% 60% 50% 95% 90% 40% 30% 20% 44% 27% 10% 0% wt.% Value% wt.% Value% Case1 AP$/ct Case 2 AP$/Ct $389 $597
Slide 17: Qilalugaq 2014 Program Overview
Qilalugaq 2014 Program Overview 1,500 tonne sample from the Q1-4 kimberlite, July and August, 2014. Taken at surface using a small helicopter portable mini-excavator. Filled one tonne bags flown daily to a drop-off area to await shipping south by sealift. All crew will be staying in town and
Slide 18: Sample Location Logistics
Sample Location Logistics A28a sample location is on land; minimal overburden. Stornoway extracted just over 20 tonnes by hand in 2008; (sample grade of ~ 30 cpht). 1500 tonne sample is very achievable with an excavator. 18
Slide 19: 2014 Sample Location
2014 Sample Location 1 3 Q1-4 kimberlite Repulse Bay Q1-4 sample trench location 2 Collection of 1500 tonnes of Q1-4 kimberlite Q1-4 kimberlite zoomed in from one, 30 metre long, 20 metre wide trench 19
Slide 20: Sample Location is Representative
Sample Location is Representative Q1-4 diamond population observed by diamantaires Unit Model % of Total Kimberlite NI 43-101 considered to be consistent; Colour Volume Classification Model limited grade variability. Code of Q1-4 Grade A28a Brown 41 KPK 52 KPK units make up 73% of A48b Green 20
Slide 21: Helicopter Use and Flight Path
Helicopter Use and Flight Path Daily transport of personnel to and from the sample site. Transport of excavator to and from the sample site. Once at start of program, once at end. Transport of one tonne sample bags from sample site to location near the hamlet’s quarry. Fuel for helicopter an
Slide 22: Sample Transport on Annual Sealift
Sample Transport on Annual Sealift Sample bags will be stored at drop off site. Will be shipped south on the Desgagnés annual sealift arriving August 25, 2014. Sample will be transported to the beach by loader and flatbed truck. Estimate 3-4 days to load the sample as the sealift is unloaded
Slide 23: Abandonment and Restoration
Abandonment and Restoration All fuel and equipment will be removed from the land at the end of the six week program. The trench will be re-contoured to match the surrounding terrain. There will be no piles of rock left at the site as all of the rock that is dug up will be taken away for testin
Slide 24: Timing of Work at Qilalugaq
Timing of Work at Qilalugaq July / August 2014 – Extraction and transport of sample to Repulse Bay. Late August 2014 – Loading and shipping of sample to Montreal by Sealift. September / October 2014 – Trucking of sample to Thunder Bay for diamond recovery at Microlithics throughout the fall.
Slide 25: Assessing the Q1-4 Kimberlite
Assessing the Q1-4 Kimberlite Determine the amount of Q1-4: A88 +9+7+5 DTC kimberlite… =48.8 million tonnes Determine the number of carats of diamonds… =53 carats of diamonds per hundred tonnes of kimberlite Determine the value of the diamonds in the kimberlite… =? 25
Slide 26: Qilalugaq Project - NU
Qilalugaq Project - NU WAY FORWARD: collect ~1,500 tonnes of kimberlite from surface pits planned for summer 2014 in a 6-8 week program. COST: $3.7 million. GOAL: to recover a +500 carat diamond parcel to determine grade, size distribution and the potential for fancy yellows in commercial size
Slide 27: TSXV: NAR
TSXV: NAR Ken Armstrong President & CEO Suite 960-789 West Pender Street Vancouver, BC Canada V6C 1H2 Tel: +1.604.668.8354 Fax: +1.604.336.4813 info@northarrowminerals.com @narminerals facebook.com/northarrowminerals www.northarrowminerals.com