Northisle Copper And Gold Inc. · TSXV:NCX
Northisle Copper And Gold — Investor Presentation (May 2026)
31 slides from Northisle Copper And Gold's investor presentation, May 25, 2026
Slide 1: Unlocking Copper Value Through Gold
Unlocking Copper Value Through Gold Corporate Overview | May 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: Northisle: Where Scale Meets Scarcity
Northisle: Where Scale Meets Scarcity A district-scale copper-gold opportunity with re-rating and growth potential Value Growth Execution • Exceptional PEA economics • 50km district stretching from past- • Growing First Nations, government, producing BHP Island Copper mine and community alignment •
Slide 4: The North Island Project
The North Island Project Generational Project in a Historic, 50km 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 5: North Island Project Development Update
North Island Project Development Update Progressing PFS and Initial Project Description PFS Value Opportunities Summary Project Economics Cu: US$4.20 Cu: US$4.67 Cu: US$5.50 Higher Commodity Prices Au: US$2,150 Au: US$2,908 Au: US$4,600 • PEA run at US$2,150/oz Au / US$4.20/lb Cu • Significant lever
Slide 6: Exploration Strategy
Exploration Strategy Leveraging historical success in a target rich environment with $10mm program North Island Prospectivity Northern Corridor Expansion • Expand mineral inventory within existing deposits • Industry leading discovery rate Large Scale Mineral Systems Higher Confidence Step-outs • Ta
Slide 7: BC Is Open For Business
BC Is Open For Business Multiple Operating Mines | Increasing Success Rate in Modern EA Process Producing Copper Mine Recent Project Approvals – A New Permitting Turnagain Producing Gold Mine Paradigm in British Columbia Kutcho MABC Identified Critical Red Chris(*) Feb 23, 2026: Copper Mountain Scha
Slide 8: Management & Advisors
Management & Advisors Proven Track Record of Execution and Value Creation Sam Lee, CFA Kevin O’Kane, P.Eng Nicholas Van Dyk, CFA President & CEO, Director EVP, COO & Director EVP, CFO & Corporate Secretary Advised on +$100 billion of M&A 40+ years of experience including 20+ years of corporate finan
Slide 9: Board of Directors
Board of Directors Proven Track Record of Execution and Value Creation Alex Davidson, B.Sc, M.Sc Jill Donaldson, JD, ICD.D, GCB.D Non-Executive Chairman, Mining Hall of Famer Non-Executive Director Multiple landmark discoveries including Lagunas Norte, Pascua- Seasoned corporate lawyer and board dir
Slide 10: Corporate Snapshot
Corporate Snapshot Share Price History Relative Performance – Jan 2025 to Present $4.00 5.0 558% $3.50 4.0 $3.00 Volume (millions) Share Price (C$) $2.50 3.0 $2.00 $1.50 2.0 161% 127% $1.00 73% 1.0 59% $0.50 - - NorthIsle GDXJ COPJ Gold Price Copper Price 22/May/25 22/Aug/25 22/Nov/25 22/Feb/26 22/M
Slide 11: Investible Opportunities are Scarce
Investible Opportunities are Scarce Limited opportunity set of junior copper developers with assets in the Americas / Acquired in 2026 Pre-feasibility Production BHP / Lundin Mining Joint Venture in 2024 Exploration (Filo) Feasibility (Josemaria) Acquired in 2026 BHP / Lundin Pre-production transact
Slide 12: Execution Pathway
Execution Pathway Near-term Catalysts Long-term Plan Q1 2025: Updated PEA Positioned to accelerated project development • Northisle has unlocked the opportunity to meaningfully Q4 2025: West Goodspeed Extension accelerate development of the North Island Project Q1 2026: $115 million Financing Comple
Slide 13: North Island Project Overview
North Island Project Overview TSXV: NCX | OTCQX:NTCPF 13
Slide 14: BC and Canada Open For Business
BC and Canada Open For Business Political will has never been stronger Strong, Respectful Partnerships with First Nations “ Northisle has a great team and great leadership, the financial strength to support the project and local support from the community. The government is serious to move forward t
Slide 15: North Island – Exceptional Infrastructure
North Island – Exceptional Infrastructure Logging and mining activity has left a legacy of roads, power and ports TSXV: NCX | OTCQX:NTCPF 15
Slide 16: 2025 PEA Summary
2025 PEA Summary PEA Highlights – Base Case 1,2 ✓ Robust economics Phase 1 LOM Mine Life 5 28.7 ✓ High leverage to copper and gold Average Throughput Capacity (Mtpa) 14.6 26.2 Strip Ratio (waste:ore) 1.43:1 0.81:1 ✓ Significant production profile Copper Recovery 86.7 80.1 Gold Recovery 83.1 62.3 ✓ S
Slide 17: The Most Developable Copper Project Globally?
The Most Developable Copper Project Globally? Base Case Payback Period Capital Intensity NPV / Initial Capex Feb 2025 Prices1 IRR (%) (years) Mine Life (years) (US$/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 18: 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 19: 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 20: Exploration Strategy
Exploration Strategy Systematic and multi-pronged approach – the journey has just begun • Expand mineral inventory within existing deposits in the Northern Corridor Northern West Goodspeed − Focused on expanding and upgrading mineral inventory Corridor Red Dog • Northwest Expo infill results (Q1 202
Slide 21: Value Added Exploration – Prospective Porphyry Belt
Value Added Exploration – Prospective Porphyry Belt Advancing largest ever exploration program in 2026 Exploration Update North Island Project Prospectivity PFS In-fill Ongoing • 13,980 metres drilled • Results from Red Dog in Q2 2026 Northwest Expo • New high-grade, Au-rich intervals added • Strike
Slide 22: Northwest Expo – High Return Opportunity
Northwest Expo – High Return Opportunity Increasing strike length and adding new high-grade intervals Hole released Mar-26 with mineralized interval: +0.10 g/t Au or +0.10% Cu TSXV: NCX | OTCQX:NTCPF 22
Slide 23: 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 24: 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 25: Contact – Northisle Copper and Gold Inc.
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 25
Slide 26: Appendix
APPENDIX TSXV: NCX | OTCQX:NTCPF 26
Slide 27: 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 contained metal over previous Addition estimates 847 Previous* • NSR-based cut-of
Slide 28: North Island Project Integrated Resource Statement
North Island Project Integrated Resource Statement Notes to Mineral Resources 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 Resour
Slide 29: 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 30: 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 31: 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 31
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