Northisle Copper And Gold Inc. · TSXV:NCX
Northisle Copper And Gold — Investor Presentation (April 2018)
27 slides from Northisle Copper And Gold's investor presentation, April 2018
Slide 1: Corporate Presentation – April 2018
TSX-V: NCX TSX-V: NCX CORPORATE PRESENTATION – APRIL 2018 Advancing the Hushamu copper-gold project and Freeport JV in BC, Canada 1
Slide 2: Cautionary Disclaimer Regarding Forward-Looking Statements and Information
TSX-V: NCX 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
Slide 3: Corporate Snapshot
TSX-V: NCX CORPORATE SNAPSHOT CAPITAL STRUCTURE SHAREHOLDER DISTRIBUTION Listing TSXV – NCX Share 114.5M shares Institutional Market Cap. C$ 15.1M Insiders 7.7M options, Retail 82% 18% Options & Warrants 6M warrants avg price $0.16 Cash C$ 600k Debt None 1 YEAR SHARE PRICE BROKER COVERAGE UNIVERSE C
Slide 4: NorthIsle Timeline
TSX-V: NCX NORTHISLE TIMELINE 2018: 2015: Acquired nearby Red JV is announced with Dog project in 2015 for initial starter pit. 2017: Freeport for the 2011: Red Dog deposit Robust PEA is published for Northisle is spun grade higher by 50% Pemberton Hills out of Western- than Hushamu and the Hushamu
Slide 5: NorthIsle is Advancing a 50km Porphyry District
TSX-V: NCX NORTHISLE IS ADVANCING A 50KM PORPHYRY DISTRICT 1) 100% owner of the PEA-stage Hushamu Copper-Gold Project 2) Joint Venture with Freeport on exploration grounds 5
Slide 6: Overview of Assets
TSX-V: NCX OVERVIEW OF ASSETS 1) 100% owner of the PEA-stage Hushamu Copper-Gold Project RESOURCE IN COPPER EQUIVALENT* PRODUCTION PROFILE: BASED ON COPPER EQUIVALENT INDICATED INFERRED Average annual production of 141 million pounds of copper eq at an AISC of US$2.00/lb eq 200M lb Cu eq production,
Slide 7: Overview of Assets: Upside Potential
TSX-V: NCX OVERVIEW OF ASSETS 1) Significant upside potential to improve the Hushamu Project Economics EXPLORATION UPSIDE LOW-RISK VALUE ENHANCEMENTS ▪ Hushamu resource expansions ▪ Potential to improve recovery rates ‒ Deposit is open to the southeast with potentially expand the deposit by up to 30
Slide 8: Overview of Assets: Freeport Joint Venture
TSX-V: NCX OVERVIEW OF ASSETS 2) Freeport Joint Venture for the Pemberton Hills Target • About the the Pemberton Hills HIGH LEVEL ALTERATION INDICATIVE OF UNDERLYING COPPER target: PORPHYRY DEPOSIT ‒ 3.5 km by 1.5km area of intense high-level alteration ‒ Mapping and clay studies show it is the Area
Slide 9: Attractive Valuation
TSX-V: NCX ATTRACTIVE VALUATION Attractive valuation for Northisle based on only the Hushamu project EV/Cu Eq 54x 46x 16x 11x 11x 9x 4x 4x Excelsior Nevada Copper Copper Western Copper NGEx Panoro NorthIsle Northern Fox Metals Dynasty Source: Company reports. EV is based on market cap as at April 26
Slide 10: NorthIsle Strategy
TSX-V: NCX NORTHISLE STRATEGY Unlocking value on 2 fronts ADVANCING EXPLORATION ON THE 1 FREEPORT JOINT-VENTURE Q2-2018 Q3-2018 Q4-2018 Potential to combine Permitting both areas into a single project should Geophysical survey exploration on the JV Initial drilling be successful While exploration on
Slide 11: Investment Highlights
TSX-V: NCX INVESTMENT HIGHLIGHTS Demonstrated value with Hushamu Project PEA, in addition to Freeport JV ▪ After-tax NPV8% of US$413m based on current PEA, with robust production and AISC profile over 22- ROBUST PEA year mine life WITH STRONG ▪ Exploration upside UPSIDE ▪ Low-risk value enhancements
Slide 12: Hushamu Project Details
TSX-V: NCX HUSHAMU PROJECT DETAILS PEA stage with significant upside potential 12
Slide 13: Hushamu Project Snapshot
TSX-V: NCX HUSHAMU PROJECT SNAPSHOT Long mine life at low AISC PEA OUTPUTS • Long 22-year mine life LIFE OF MINE PRODUCTION Mine life, years 22 years • Low-strip ratio 0.72:1 with potential to Strip ratio, w:o 0.72 further reduce by converting barren and low- Throughput 27.4Mtpa Mining inventory 600
Slide 14: Overview of Resources
TSX-V: NCX OVERVIEW OF RESOURCES Grades compare well with current operating mines in British Columbia VALUE DISTRIBUTION BY METAL BENCHMARK OF M&I RESOURCE GRADE FOR CURRENT BC OPERATING MINES (based on revenues) 0.49% Copper 0.44% 0.42% 59% 0.40% 0.35% 0.34% 24% Gold 13% 5% Mt Polley Hushamu Projec
Slide 15: Infrastructure and Capex
TSX-V: NCX INFRASTRUCTURE AND CAPEX Existing infrastructure in place due to previous BHP operation ▪ Good existing infrastructure due to previous BHP operation at CLOSE UP OF WIND MILLS AT RED DOG Island Copper ‒ A marine load out structure and a 138 KVA BC Hydro substation exist at the reclaimed Is
Slide 16: Mining
TSX-V: NCX MINING Conventional truck and shovel operation ▪ The mine will be a conventional truck and MINE OPERATING COSTS shovel operation with electrified pit Area Unit Cost (US$/t moved) operations at Hushamu Drilling 0.10 ▪ Base case is for 55/45 LNG/diesel fuel Blasting 0.20 mixture for haulage
Slide 17: Conventional Floatation Plant
TSX-V: NCX CONVENTIONAL FLOATATION PLANT Hushamu’s flowsheet will be a straight forward ▪ Processing rate is 75,000 t/d FLOWSHEET ▪ Single grinding line consisting of a 40 ft. diameter SAG mill with 23 MW drive, and two – 28 ft. diameter ball mills with 20 MW drives ▪ Sub-aqueous co-disposal of mine
Slide 18: Attractive After-Tax IRR
TSX-V: NCX ATTRACTIVE AFTER-TAX IRR Hushamu PEA compares favourably with other regional deposits ▪ Expected IRR at NCX’s Project compares well with other North American projects due to a number of IRR Cu Au Mo Project factors: After- tax US$/lb US$/oz US$/lb ‒ Low-strip ratio 0.72:1 with potential t
Slide 19: Upside Potential: Hushamu Deposit
TSX-V: NCX UPSIDE POTENTIAL: HUSHAMU DEPOSIT Deposit Expansion to southeast Converting supposed waste to mineralization Previously assumed barren zone, 2017 drilling shows above cut-off grade between historical vertical holes Deposit remains open to the SE 19
Slide 20: Upside Potential: Red Dog South Target
TSX-V: NCX UPSIDE POTENTIAL: RED DOG SOUTH TARGET Red Dog Alteration Map 20
Slide 21: Upside Potential: North West Expo Targets
TSX-V: NCX UPSIDE POTENTIAL: NORTH WEST EXPO TARGETS Soil and rock sampling indicates Red Dog zone continues to IP anomaly 0.12%Cu & 0.09gpt Au / 176m Mineralized drill hole 0.16% Cu & 0.14gpt Au / 61m Non mineralized or abandoned hole Slide Untested IP Anomaly Zone >15mv/v Hole abandoned in Overbur
Slide 22: Permitting, Environmental and Social
TSX-V: NCX PERMITING, ENVIRONMENTAL AND SOCIAL ▪ Local communities that understand and support mining from positive experience with previous BHP operation at Island Copper ▪ Northern Vancouver Island is depended on resource based industries. ▪ Logging, fishing and mining continue to be the main sour
Slide 23: Appendix
TSX-V: NCX APPENDIX 23
Slide 24: Board of Directors
TSX-V: NCX BOARD OF DIRECTORS The right mix of exploration, engineering and finance… 40 years experience as a senior corporate officer of publicly listed companies. Extensive Dale Corman expertise in mineral exploration & development, financing, property evaluation and B.Sc, P.Eng, Chairman acquisit
Slide 25: Cross Section of Hushamu
TSX-V: NCX CROSS SECTION OF HUSHAMU 25
Slide 26: Cross Section of Red Dog
TSX-V: NCX CROSS SECTION OF RED DOG 26
Slide 27: Contact Us
TSX-V: NCX CONTACT US info@northisle.ca www.northisle.ca T: 604-638-2515 F: 604-669-2926 15th Floor – 1040 West Georgia Street Vancouver, BC V6E 4H1 27
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