Northisle Copper And Gold Inc. · TSXV:NCX
Northisle Copper And Gold — Investor Presentation (January 2026)
33 slides from Northisle Copper And Gold's investor presentation, January 2026
Slide 1: Unlocking Copper Value Through Gold
Unlocking Copper Value Through Gold Corporate Overview | January 2026 | TSX-V:NCX | OTCQX:NTCPF
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: The North Island Project
The North Island Project Generational Project in a Historic, 35km Porphyry District $2.0Bn 29% 1.7x Exceptional Economics Bn NPV IRR Base Case @ Base @ @ Base @ NPV / @ Case Feb 2025 Case Feb 2025 Capex Feb 2025 High Leverage to Gold Prices Prices Prices & Copper Production $3.8Bn 45% 3.3x Phased De
Slide 4: North Island Projects Gets Better and Better
North Island Projects Gets Better and Better Significant Gold Production in Phase 1 Dramatically Improves Economics Summary PEA Outcomes NPV7% ($Bn) NPV 7% ($Bn) IRR Base Case Prices1 Feb-25 Prices2 Phase 1 LOM LOM Cu: US$4.20 Cu: US$4.67 Cu: US$5.95 Au: US$2,150 Au: US$2,908 Au: US$4,600 $4.20/lb C
Slide 5: The Most Developable Copper Project Globally?
The Most Developable Copper Project Globally? Base Case Payback Period Capital Intensity NPV / Initial Capex Feb 2025 Prices1 IRR (%) (years) Mine Life (years) (US$/Mt CuEq) (x) 1.4 $10,984 North Island 29% 45% 1.9 29 $11,888 1.7x 3.3x North Island Average NPV (>$2Bn) 22% 3.9 26 $15,833 1.3x Average
Slide 6: Exploration Upside – The Journey Has Just Begun
Exploration Upside – The Journey Has Just Begun Significant Value Driven by Effective Exploration • Largest ever field campaign completed North Island Project in 2025 with 20,297 metres of Pemberton Hills 2025 PEA $2.0Bn NPV7% / 29% IRR exploration and in-fill drilling Mapping and Airborne Geophysic
Slide 7: Northisle Gaining Momentum
Northisle Gaining Momentum Share Price History Relative Performance – Jan 2025 to Present $3.50 1.6 637% $3.00 1.4 1.2 Volume (millions) $2.50 Share Price ($) 1.0 $2.00 0.8 $1.50 0.6 196% $1.00 147% 0.4 78% $0.50 52% 0.2 - - 14/Jan/25 14/Apr/25 14/Jul/25 14/Oct/25 14/Jan/26 NorthIsle GDXJ COPJ Gold
Slide 8: Experienced & Effective Leadership
Experienced & Effective Leadership Proven Track Record of Finding and Developing World Class Mines Sam Lee, CFA Kevin O’Kane, P.Eng President & CEO, Director EVP, Chief Operating Officer, Director Advised on +$100 billion of M&A and equity transactions over 20 years 40+ years of experience including
Slide 9: BC Is Open For Business
BC Is Open For Business Multiple Operating Mines | Increasing Success Rate in Modern EA Process Producing Copper Mine 20 Projects Sanctioned in BC Since Passage of Turnagain Environmental Assessment Act Producing Gold Mine Kutcho Red Chris(*) MABC Identified Critical 90% Schaft Creek Minerals Projec
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 | OTCQX:NTCPF 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 Gold Recovery 83.1 62.3 ✓ S
Slide 12: On-site Infrastructure
On-site Infrastructure Low strip ratio relative to other open pit mines 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 tails to
Slide 13: Phased Approach Lowers Initial Capital Intensity
Phased Approach Lowers Initial Capital Intensity • Phase 1 supports quick payback of 1.9 years and fully funds Phase II expansion • $357 million average annual cash flow in Phase I 1,200 Post-Tax CF - Phase 1 Post-Tax CF - Phase 2 6,000 Initial Capex Expansion Capex 1,000 5,000 Post-Tax Cumulative F
Slide 14: Value Added Exploration – Target Rich Environment
Value Added Exploration – Target Rich Environment Phase V North Island Program Commenced Exploration Update PFS In-fill Commenced • Up to 17km at Northwest, Red Dog, Hushamu and West Goodspeed Northwest Expo • New Cougar target has been drilled (assays pending) West Goodspeed • Step-outs to Northwes
Slide 15: Northwest Expo – High Return Opportunity
Northwest Expo – High Return Opportunity Higher-grade Sweetener to an Already Good Project In Situ Tonnage and Grade Contained Metal NSR Cutoff Strip Class Tonnage Cu Au Cu Eq. Au Eq. NSR Cu Au Cu Eq. Au Eq. ($/T) Ratio (000 T) (%) (gpt) (%) (gpt) ($/t) (Mlbs) (kozs) (Mlbs) (kozs) Indicated 45,463 0
Slide 16: West Goodspeed – New Discovery Potential
West Goodspeed – New Discovery Potential Mineralization now Defined Over 1.2km Strike West Goodspeed Area Drilling • Select assays to date include Hole reported in a prior 2025 release in West Goodspeed Hole released 17 Nov with • GS25-17: 82m grading 0.40% CuEq mineralized interval: +0.10% Cu or +0
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 2018/
Slide 18: BC and Canada Open For Business
BC and Canada Open For Business Political will has never been stronger The North Island Advantage “ Here in British Columbia, economic development, conservation of precious water and land, and partnership with First Nations go hand-in-hand,” Eby said on Monday (May 26), overlooking the Port of Vanco
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 December 2022: April 2023: Quatsino Agreement Tlatlasikwala Agreement Draft Permit Submissions Permits Submitted Northwest Expo Pemberton Permit Provided to First Nations1 to EMLI Permit Re
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 Q3 2025: Team Additions Ongoing to Support Development Q4 2025: West Goodspeed Strike Extended to 1.2km Q1 2026: Northwest Expo Drill Results Q2 2026: Red Dog Drill Results Q2 2026: PFS Me
Slide 21: Northisle Copper and Gold Inc. contact details
COPPER AND GOLD INC. 14th Floor – 1040 West Georgia Street Vancouver, British Columbia V6E 4H1 Investor Inquiries: Nicholas Van Dyk, Chief Financial Officer +1.604.638.2515 info@northisle.ca www.northisle.ca TSXV: NCX | OTCQX:NTCPF 21
Slide 22: Appendix
APPENDIX TSXV: NCX | OTCQX:NTCPF 22
Slide 23: North Island – Integrated Resource Update
North Island – Integrated Resource Update Significant Increase in Indicated Resource Contained Metal 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 previous Addition estimates 847
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) 157mlb CuEq/year North Island (Phase 1) US$2.04/lb CuEq Cash Cost (US$/lb) 151mlb CuEq/year US$1.49/lb CuEq Copper Production (kt) 2024 Gold Production Ranked on Cash Cost1 Quartile Nort
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 NW Expo / Red Dog Conveyor relocated Hushamu processing site. 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 Resource Sector 20% Provincial Average 4% Other 80% TSXV: NCX | OTCQX:NTCPF Source: Community Information Tool: https://communityinformationtool.gov.bc.
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 | OTCQX:NTCPF 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 | OTCQX:NTCPF 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 N
Slide 31: Pemberton Hills – New Discovery Potential
Pemberton Hills – New Discovery Potential Immense Lithocap Dipping Southwest Dip Slope Dip Slope Dip Slope TSXV: NCX | OTCQX:NTCPF 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 Area drilled dip and faulting of in 2018/2021 Lithocap Area for future drilling TSXV: NCX | OTCQX:NTCPF 32
Slide 33: Notes to Resource Table
Notes to Resource Table 1. Resources are reported using the 2014 CIM Definition Standards and were estimated using the 2019 CIM Best Practices Guidelines. 2. The effective date of the Resource Estimate is September 23, 2024. 3. The Mineral Resources have been confined by open pits with "reasonable p
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