Canadian North Resources, Inc. · TSXV:CNRI
Canadian North Resources — Investor Presentation (February 2025)
25 slides from Canadian North Resources's investor presentation, February 2025
Slide 1: Ferguson Lake Project: High-grade and Large Critical Mineral Resources in Canada
CANADIAN NORTH RESOURCES FERGUSON LAKE PROJECT: High-grade and Large Critical Mineral Resources in Canada Investor presentation | Q1 2025 TSX.V: CNRI | OTC.QX: CNRSF | FSE: EO0
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This Investor Presentation contains certain information that may forward-looking information, whether as a result of new information, constitute "forward-looking information" under applicable Canadian future events or otherwise, except as required by law. This Investor sec
Slide 3: Why Canadian North Resources?
WHY CANADIAN NORTH RESOURCES? CRITICAL METALS FOR CLEAN ENERGY, ELECTRIC NI43-101 2024 MINERAL RESOURCES VEHICLES AND HIGH-TECH INDUSTRIES Indicated Inferred TONNAGE Mt 66.1 25.9 CONTINUOUS GROWTH Nickel % 0.47 0.58 • Added mineral resources from 39,270m expansion and infill drilling completed Coppe
Slide 4: Nunavut, Canada Emerging Major Mining District
NUNAVUT, CANADA EMERGING MAJOR MINING DISTRICT • Located in Kivalliq, Nunavut with the successful development of the Meadowbank, Meliadine and Amaruq Gold mines • Strong First Nation interest and involvement in mineral resource development • Planned Kivalliq Hydro-Fibre Link driving green grid power
Slide 5: Ferguson Lake History
FERGUSON LAKE HISTORY CONTINUOUS GROWTH IN RESOURCE AND INFRASTRUCTURE Over $CAD190M (2023) invested on site with >225 000 metres in >750holes completed. 1950s: INCO INC. 2013 to 2024: CANADIAN NORTH RESOURCES INC. • 26 384 metres drilled in 174 holes • 39 831 meters drilled between 2022 and 2023 •
Slide 6: Project Site Infrastructure
PROJECT SITE INFRASTRUCTURE THE BEST ALL-SEASON EXPLORATION CAMP IN THE GREAT NORTH. All-year 825 x 30- All-season 55-person metre gravel field camp for housing, airstrip, south-west board services, and of the Field Camp amenities, dining and common areas High-speed Starlink Equipment workshops, sat
Slide 7: Mineral Resources Vast Exploration Potential
MINERAL RESOURCES VAST EXPLORATION POTENTIAL Resource estimate parameters: NI43-101 2024 MINERAL RESOURCES INDICATED Mineral Resources • Mineral Resources were estimated at NSR Tonnage (Mt) Nickel (%) Copper (%) Cobalt (%) Palladium (g/t) Platinum (g/t) cutoff values of US$33.00 for open Open Pit 52
Slide 8: Mineral Resources: Updated Model for Open Pit and Underground Mining
MINERAL RESOURCES UPDATED MODEL FOR OPEN PIT Central Zone AND UNDERGROUND MINING 2.6 km FERGUSON LAKE PROJECT OBLIQUE SECTION LOOKING NORTHWEST Conceptual Pit Central Zone Mineral Resources were estimated only for: West Zone, West Zone South Central Zone and East Zone. South Discovery- Zone CANADIAN
Slide 9: 2022-2023 Drill Results Expanding the Mineralized Zones
2022-2023 DRILL RESULTS EXPANDING THE MINERALIZED ZONES 134 of 145 holes (39,270 m) hitting mineralized zones. High grades up to 10.0% Cu, 1.81% Ni, 8.65g/t Pd, 4.43 g/t Pt, 0.186 g/t Rh, and 2.19 g/t Au, and 49 g/t Ag Confirmed near surface massive sulfide zones up- to 31m (Hole FL22-442) and under
Slide 10: High Grade Outcrops and Drill Cores
Massive Sulfide – FL23-504A – 10m @ 0.53% Ni, 0.88% Low Sulfide High PGE – FL04-195 1.5m @ 0.02% Ni, 24.85 g/t Pd, 2.84 g/t Pt Cu, 0.07% Co, 1.0g/t Pd & 0.12g/t Pt HIGH GRADE OUTCROPS AND DRILL CORES Massive Sulfide – FL22-442 – 31m @ 0.7% Ni, 1.25% Cu, 0.08% Co, 1.942 g/t Pd & 0.28 g/t Pt Massive S
Slide 11: Targeting New Potential Areas
TARGETING NEW POTENTIAL AREAS MINERALIZED TRENDS WITHIN MINERAL CLAIMS NICKEL TARGETS • Extensive Ni-Cu-Co sulfides with high- grade PGM identified from the outcrops in the 156.9 km2 prospecting area outside established mineral resources • Five new Ni-Cu-Co-PGM mineralized prospective areas identifi
Slide 12: Metallurgical Recovery – Bio-leaching Test
METALLURGICAL RECOVERY – Bio-leaching Test POTENTIAL FOR LOW COST, LOW CARBON FOOTPRINT MINE DEVELOPMENT • High extraction rates: Bioleaching Metal Extraction • Nickel: 96.1-98.5%; Head Assay Results Rates (1) Tested Samples • Cobalt: 96.1-97.7% Ni (%) Co (%) Ni (%) Co (%) • Potential production of
Slide 13: Metallurgical Recovery
METALLURGICAL RECOVERY HIGH RECOVERIES TO SUPPORT MINE DEVELOPMENT • Previous metallurgical tests were completed on massive sulfide ores only Historical* Canadian North Resources Inc Hydrometallurgical Hydrometallurgical Floatation (CNRI 2016-23) • PGM recoveries were not included in (Starfield 2012
Slide 14: Explorers to Producers Comparable Critical and PGM Projects
EXPLORERS TO PRODUCERS COMPARABLE CRITICAL AND PGM PROJECTS MARKET VALUE PROPERTY RESOURCE ESTIMATES GRADES COMPANY M$CAD Name Stage Location Reported Mt Ni (%) Cu (%) Co (%) Pd (g/t) Pt (g/t) Canadian North Indicated 66.1 0.47 0.75 0.05 1.10 0.19 TSX.V: CNRI 88 Ferguson Lake Pre-feasibility Nunavut
Slide 15: Capital Structure
CAPITAL STRUCTURE EXCELLENT FOR PUBLIC INVESTORS AND GROWTH COMMON SHARES Escrowed 12,341,727 Free Trading 102,056,990 Total Outstanding 114,398,717 WARRANTS & OPTIONS Options** 3,514,000 Fully Diluted 117,919,717 Note: **Including April 4th, 2027 - 530,000 @ $1.00, May 18th, 2027 - 2,039,000 @ $1.9
Slide 16: Corporate Team
EXPERIENCED, SEASONED & CORPORATE TEAM DEDICATED TO BUILD ASSET VALUE Lee Q. Shim | CHAIRMAN AND DIRECTOR Dr. Kaihui Yang, Ph.D. | CEO, PRESIDENT & DIRECTOR Global entrepreneur, founder, investor, and business executive for over 35 years, Mr. Professional geologist with over 30 years of experience a
Slide 17: Accomplishments to Date
ACCOMPLISHMENTS TO DATE FOCUS ON MINERAL RESOURCES GROWTH WORKING PROGRAMS AND POTENTIAL PROJECT DEVELOPMENT • Drilling to enlarge the base metal and PGM mineral resources along the known 15-km long mineralized belt and the satellite zones. 2022 – 2024 • Drill testing the new prospective mineralized
Slide 18: Thank You
THANK YOU Contact us if there are any questions Phone Number Corporate Website Email Address 905 - 696 - 8288 (Canada) www.cnresources.com info @ cnresources.com 1-888 - 688 - 8 8 0 9 ( Toll Free) 2 9 9 COURTNEY PARK DRIVE EAST MISSISSAUGA, ONTARIO L5T 2T6 CANADIAN NORTH RESOURCES INC. | TSX.V: CNRI
Slide 19: Mineral Resources Sensitivity – Floatation
MINERAL RESOURCES SENSITIVITY – Floatation LARGE TONNAGE AND NSR VALUES SENSITIVE TO NSR CUTOFFS Open Pit & Underground Indicated Resources - Grades Inferred Resources - Grades Floatation processing: Cutoff NSR Tonnage NSR Tonnage Cu (%) Ni (%) Co (%) Pd (g/t) Pt (g/t) Cu (%) Ni (%) Co (%) Pd (g/t)
Slide 20: Mineral Resources Sensitivity – Hydrometallurgy
MINERAL RESOURCES SENSITIVITY – Hydrometallurgy LARGE TONNAGE AND NSR VALUES SENSITIVE TO NSR CUTOFFS Open Pit & Underground Indicated Resources - Grades Inferred Resources - Grades Hydrometallurgical Cutoff NSR Tonnage NSR Tonnage Cu (%) Ni (%) Co (%) Pd (g/t) Pt (g/t) Cu (%) Ni (%) Co (%) Pd (g/t)
Slide 21: Targeting Potential Areas
TARGETING POTENTIAL AREAS UNPARALLELED POTENTIAL • Over 10km of surface mineralized outcrop 156.9 km2 Exploration Claims exposure (West Zone & 96.9 km2 Mining lease Extension, East Zone & Extension) with 2km of exposed satellite bodies (Anomaly-51 & Extension) • M-Zone open in all directions • Untes
Slide 22: Untapped PGM Potential
UNTAPPED PGM POTENTIAL PGM FOUND FROM SURFACE TO A DEPTH > 1,200 m in West Zone • Massive sulphides (>50%) open along strike • Host stringer and disseminated sulphides (<50%) – thick intersections open in all directions • Footwall disseminated/laminated PGM- rich sulphides (<10%) – underexplored • E
Slide 23: Large and High-Grade PGM System
LARGE AND HIGH-GRADE Drillhole No. FL00-41 Significant Intercepts (m) 70.31 Pd (g/t) Pt (g/t) Ni (%) Cu (%) Co (%) 0.92 0.15 0.39 0.67 0.05 PGM SYSTEM FL00-65 FL00-67 21.38 65.65 1.55 1.10 0.29 0.22 0.62 0.41 0.64 0.76 0.07 0.05 Potential For High-Value PGM Zones FL01-74 64.45 1.40 0.24 0.53 0.96 0.
Slide 24: Nickel, Copper and Cobalt Target Markets
NICKEL, COPPER AND $USD 15,384/t – Feb. 13, 2025 $USD 6.97/lbs COBALT TARGET MARKETS GROWING DEMAND OF CRITICAL BATTERY METALS FOR CONSTANT TRANSPORTATION ELECTRIFICATION AND BATTERY INDUSTRY • Nickel is used in stainless • Copper is used in automotive, $USD 4.80/lbs – Feb. 13, 2025 steel, alloys, p
Slide 25: PGM Markets
PGM MARKETS $1,016/oz – Feb.13, 2025 PALLADIUM, PLATINUM, RHODIUM, AND COBALT ARE USED INCREASINGLY IN THE CLEAN-ENERGY AND HIGH-TECH SECTORS WORLDWIDE • Important and versatile element in many industries, automotive, electronic, remediation, etc $1,035/oz – Feb. 13, 2025 • Applications in electroni
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