North Arrow Minerals Inc. · TSXV:NAR
North Arrow Minerals — PDAC 2023
29 slides from North Arrow Minerals's conference presentation, March 2023
Slide 1: Experienced Northern Exposure to Lithium, Diamonds and Gold in Canada
TSXV: NAR Experienced NORTHERN EXPOSURE to Lithium, Diamonds and Gold In Canada PDAC 2023
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT FORWARD-LOOKING INFORMATION 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 a
Slide 3: Who We Are
WHO WE ARE North Arrow is a Canadian company focused on the identification and evaluation of exploration opportunities in Canada. North Arrow’s multifaceted project portfolio includes a pipeline of lithium, diamond and gold projects ranging from greenfields to advanced stage. 3
Slide 4: Why Invest in North Arrow
WHY INVEST IN NORTH ARROW Canadian diamond sector’s most active & successful explorer over the last 10 years …now with lithium exposure Lithium is not new to North Arrow: ❖ Experience in exploration for spodumene lithium pegmatites Best in class Diamond exploration pipeline: ❖ Diamond interest may b
Slide 5: Project Pipeline
PROJECT PIPELINE Oro - Hope Bay (100%) Assessing a known diamond Advanced Stage Gold project 3km north of deposit Agnico Eagle’s Doris Mine 1. Naujaat (60%) Significant diamond inventory; High- value fancy orange-yellow diamonds 1 DeStaffany (100%) Spodumene lithium Oro pegmatite project Next stage
Slide 6: DeStaffany Lithium Project
DESTAFFANY LITHIUM PROJECT • Yellowknife Pegmatite Province. • 115 km East of Yellowknife. • 18 km Northeast of Nechalacho REE Mine. • Same geology, deposit type and location as Li- Li-FT Power Li-FT FT Power’s Yellowknife Lithium Project. Power • Acquired for cost of staking plus a royalty. • Worki
Slide 7: DeStaffany Lithium Project
DESTAFFANY LITHIUM PROJECT • Yellowknife Pegmatite Province. • 115 km East of Yellowknife. • 18 km Northeast of Nechalacho REE Mine. • Same geology, deposit type and location as Li- Li-FT Power Li-FT FT Power’s Yellowknife Lithium Project. Power • Acquired for cost of staking plus a royalty. • Worki
Slide 8: DeStaffany Lithium Project
DESTAFFANY LITHIUM PROJECT • Two known spodumene pegmatites: Moose 1 and Moose 2. • Never evaluated for lithium. • Both within several hundred metres of Great Slave Lake. • Excellent access to Yellowknife to the Other west and Hay River (and rail head) on Pegmatite south side of the Lake. Showings •
Slide 9: Moose 1 Pegmatite
MOOSE 1 PEGMATITE • Never drilled; 370m strike length. • Averages 4.5 to 6m in width; max width ~11m. • Spodumene mineralization returned 1.5% Li2O over 7.5m from 2009 channel sample. • 2023: mapping, sampling, drilling. Other Pegmatite Showings 3.77% Li2O Moose 2 Moose 1 1.5% Li2O over 7.5 m 1.72 L
Slide 10: Moose 2 Pegmatite
MOOSE 2 PEGMATITE • 450m strike length; up to 30m wide. • Bulk sampled for Ta and Nb in the 40’s and 50’s. • Up to 2.73% Li2O returned from samples along at least 250 m strike length of the body. • 2023: mapping, sampling, drilling. Other Pegmatite 2.2 % Li2O Showings Moose 2 3.77% Li2O Moose 1 2.7%
Slide 11: Bathurst Inlet Lithium Property, NU
BATHURST INLET LITHIUM PROPERTY, NU • Part of strategic work with Panarc to identify and acquire lithium pegmatite opportunities in the NWT and NU. • Pegmatites have been known to occur in the Bathurst Inlet area for many decades. • Yet to be assessed for spodumene and related lithium mineralization
Slide 12: Bathurst Inlet Lithium Property, NU
BATHURST INLET LITHIUM PROPERTY, NU Example of potential Pegmatite at the Ox5 claim Example of potential Example of potential Pegmatite at the Pegmatite at the Ox3 Bathurst Inlet Claims claim. 12
Slide 13: Market Cap Comparisons as of March 1, 2023
MARKET CAP COMPARISONS as of March 1, 2023 Market Cap (in 000,000s) $350 $300 COMPANY SELECTION CRITERIA $250 • No defined resources yet $200 • Hard rock lithium exploration projects $150 • Exploring in Canada $100 $50 $- North New Age Power Gama Brunswick Lithium Li-FT Arrow (NAM) Metals (GAMA) (BR
Slide 14: Predicted Lithium Deficit
PREDICTED LITHIUM DEFICIT Images and text (other than Li Price index graph) from infographic developed an designed by Henrique Ribeiro and Melenie Yuen for S&P Global, January 2022 14
Slide 15: Consider Diamonds – Decreasing Supply / Increasing Demand
CONSIDER DIAMONDS – Decreasing Supply / Increasing Demand Annual Global Rough Production Rough Diamond Production 2027 Millions of carats ❖ Global rough diamond production down >20% since 2017; expected to flatline to at least 2027 ❖ Very few new projects being developed worldwide ❖ Exploration for
Slide 16: Polished Market Positivity: US Jewelry Sales
POLISHED MARKET POSITIVITY: US JEWELRY SALES US Jewelry Sales Rebound and 50 Years of US Jewelry Sales Soar in 2021, Stabilize in 2022 The US accounts As of September 2022 for ~50% of polished diamond sales worldwide. US Diamond Jewelry Retail Market US 2021 diamond jewelry sales hit a record $52 bi
Slide 17: Project Pipeline – Naujaat
PROJECT PIPELINE Assessing a known diamond Advanced Stage deposit Naujaat (60%) Significant diamond inventory; high-value fancy orange-yellow diamonds Naujaat 0.82 carat rough 17
Slide 18: Polishing Results
POLISHING RESULTS 0.31 ct polished rectangular radiant cut ~38% Yield 0.21 ct polished rectangular radiant cut 18
Slide 19: Naujaat – Close to the Community
NAUJAAT – CLOSE TO THE COMMUNITY Image view: Q1-4 kimberlite looking southwest towards the Hamlet of Naujaat, 9 km away 19
Slide 20: Naujaat – Close to the Community
NAUJAAT – CLOSE TO THE COMMUNITY Two-time winner of the Nunavut Mining Symposium Corporate Award: “To recognize the contribution of a mining, exploration, or related company to the economic/social development of a community, region or Nunavut in general.” 2018 2022 Image view: Q1-4 kimberlite lookin
Slide 21: Naujaat Project – Ticks All the Boxes
NAUJAAT PROJECT – TICKS ALL THE BOXES ✓ Jurisdiction Clear permitting path in Nunavut ✓ Near tide water Freight costs 50% of NWT diamond mines ✓ Large tonnage ~48 Mt down to 205m below surface ✓ Low strip ratio <3:1 vs >10:1 for NWT diamond mines ✓ Significant diamond inventory* ~26M contained carat
Slide 22: Pikoo Diamond Project, SK
PIKOO DIAMOND PROJECT, SK Discovery Stage Excellent diamond potential Pikoo (100%) Next stage of diamond exploration could lead to discovery Mantle Nodule from PK150, 2016 drilling • Kimberlite field discovered by North Arrow • Good local infrastructure • PK150 – significant discovery: 1,232 diamond
Slide 23: Loki Diamond Project, NWT
LOKI DIAMOND PROJECT, NWT Discovery Stage Excellent diamond potential Loki (100%) Next stage of diamond exploration could lead to discovery • Brownfields exploration near Ekati and Diavik diamond EKATI mines; lower threshold for economic discovery DIAVIK GAHCHO KUE • Last well defined, unsourced, KI
Slide 24: Hope Bay Oro Gold Project, NU
HOPE BAY ORO GOLD PROJECT, NU Brownfields Gold ✓ Same rocks Hope Bay Oro (100%) ✓ Same structural setting ✓ Same mineralization style • ~3km north of Agnico Eagle’s Doris Gold Mine. • Host stratigraphy to the Doris deposit extends north onto ORO property. • Multiple showings including Ida Point – 5.
Slide 25: Milestones & Catalysts for 2023
MILESTONES & CATALYSTS FOR 2023 Advanced Discovery Brownfields Lithium Diamonds Diamonds Gold Project Milestones / Catalysts Details Technical arrangement with potential to bring value to Corporate Technical Arrangement NAR’s projects Potential for expansion & Stakeholder / Community engagement & pe
Slide 26: Leadership Team & Board
LEADERSHIP TEAM & BOARD D. Grenville Thomas (Chairman) Founder of Aber Resources, discoverer of the Diavik Diamond Mine, WEALTH OF Nechalacho Rare Earth Deposit; Canadian Mining Hall of Fame inductee. EXPERIENCE Ken Armstrong P.Geo. (President, CEO, Director and Qualified Person under NI 43-101) Dia
Slide 27: In the Market
IN THE MARKET As of February 1, 2023 unless TSXV: NAR otherwise labelled Share Price $0.09 (as of Feb. 8, 2022) Investing in… Market Cap $12.4 M Issued 137.6 M ❖ A Highly Experienced Team with a Pipeline of Options 9.2 M Projects in Lithium, Diamonds and Gold Warrants 40.2 M ❖ Near term Lithium news
Slide 28: TSXV: NAR
TSXV: NAR Ken Armstrong President & CEO Suite 960-789 West Pender Street Vancouver, BC Canada V6C 1H2 Nick Thomas Tel: +1.604.668.8354 Community and Investor info@northarrowminerals.com Relations Manager www.northarrowminerals.com
Slide 29: TSXV: NAR
TSXV: NAR Ken Armstrong President & CEO Nick Thomas Community and Investor Relations Manager Suite 960-789 West Pender Street Vancouver, BC Canada V6C 1H2 Tel: +1.604.668.8354 info@northarrowminerals.com @narminerals northarrowminerals www.northarrowminerals.com 29