North Arrow Minerals Inc. · TSXV:NAR
North Arrow Minerals — PDAC 2024
37 slides from North Arrow Minerals's conference presentation, March 2024
Slide 1: Experienced Northern Exposure: Canadian Lithium Projects
TSXV: NAR Experienced Northern Exposure Canadian Lithium Projects March 2024
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 management and directors have a successful track record of resource discovery and development in Canada’s North. 3
Slide 4: Leadership Team & Board
LEADERSHIP TEAM & BOARD Ken Armstrong (President, CEO, Director, P.Geo. and Qualified Person under NI 43- WEALTH OF 101) 25+ years exploration & evaluation experience w/ Diavik, Aber, and others. Director EXPERIENCE & Past President NWT & Nunavut Chamber of Mines. Director Cornish Metals. Eira M. Th
Slide 5: North Arrow Project Pipeline
NORTH ARROW PROJECT PIPELINE Advanced/Discovery Stage Lithium Oro - Hope Bay (100%) 1 LDG Lithium Gold project 3km north of Advanced Stage Agnico Eagle’s Doris Mine Diamonds (100%) Spodumene lithium pegmatite showings 1. Naujaat (60%) Oro Significant diamond inventory; High-value fancy 2 MacKay Lith
Slide 6: Hard Rock Lithium Project Pipeline
HARD ROCK LITHIUM PROJECT PIPELINE Advanced/Discovery Stage Lithium 1 LDG Lithium Grassroots Lithium (100%) Bathurst 4 Spodumene lithium 4 Bathurst Inlet pegmatite showings 1 LDG DeStaffany 3 2 (100%) Mackay Pegmatites with 2 MacKay Lithium unknown mineralogy (100%) Spodumene lithium pegmatite showi
Slide 7: NAR Lithium Projects in the NWT
NAR LITHIUM PROJECTS IN THE NWT The MacKay- Ekati Diamond Mine Diavik Diamond Mine Aylmer Pegmatite 1 Advanced/Discovery Province Stage Lithium North Arrow 2 Lithium Pegmatites Fortescue Ltd. 1 LDG Lithium Found most often within meta- Midas Minerals (100%) sediments near to a fertile, highly Omnia
Slide 8: DeStaffany Lithium Project
DESTAFFANY LITHIUM PROJECT Ekati Diamond Mine Diavik Diamond Mine 1 Advanced/Discovery Stage Lithium 2 3 DeStaffany (100%) Spodumene lithium pegmatite project Yellowknife Pegmatite Province (YKPP) North Arrow Li-FT Power Midas Minerals Yellowknife Loyal Lithium Patriot Battery Metals Fortescue Ltd.
Slide 9: Yellowknife Pegmatite Province (YPP)
YELLOWKNIFE PEGMATITE PROVINCE (YPP) Trinex • Companies currently conducting exploration: Li-FT Power, Fortescue, Loyal Lithium, Midas Minerals, Ion Energy, Patriot Battery Metals, Blackbird Critical Metals (formerly GAMA), Prestige Lithium Midas • NAR team has past Li, Ta and REE experience Trinex
Slide 10: DeStaffany Lithium Project
DESTAFFANY LITHIUM PROJECT • Moose 1 and Moose 2 spodumene pegmatites • >350m strike length • Up to 30m wide • <500m from Great Slave Lake • Moose 2 was test mined for Ta, Nb, Sn in the 1940’s & 50’s but never evaluated for lithium • NAR “Re-discovered” Moose 3 and Moose 4 in 2023 • Channel samples
Slide 11: Channel Sample Results
CHANNEL SAMPLE RESULTS MOOSE 1 (>0.8 % Li20) Assays >0.8% Li20 channel sample grab sample 3.78% Moose 3 2m @1.38% 1m @2.38% 3m @1.86% Moose 1 Moose 2 2m @1.75% 3m @1.86% Moose 4 2m @0.81% 7.5m @1.50% 3m @0.84% 4m @1.42% 4m @1.81% 21% spodumene 100 M 1111
Slide 12: Channel Sample Results
CHANNEL SAMPLE RESULTS 3m @1.00% 2.3m @0.67% 7m @1.62% Moose 3 Moose 1 Moose 2 2m @1.42% Moose 4 2m @1.98% 1m @ 1.02% 4m @0.84% MOOSE 2 >0.6 % Li20 1212
Slide 13: Moose 2 Pegmatite – Historic Mining
MOOSE 2 PEGMATITE – Historic Mining • Historic mining focused on recovering Ta and Nb • Megacrystic (up to 1m) spodumene in pit wall • Spodumene not targeted by past mining • Pegmatite dips 50-80 degrees to the west (away from view on right) SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP = SPODU
Slide 14: DeStaffany Project – Way Forward 2024
DESTAFFANY PROJECT – Way Forward 2024 Can the Moose pegmatites produce a marketable spodumene concentrate that could be shipped south by barge and rail? Hay River on Great Completed 2023: Slave Lake • Mapping / channel sampling, prospecting. • Mineral characterization studies. • Permits in place for
Slide 15: LDG & MacKay Lithium Projects
LDG & MACKAY LITHIUM PROJECTS The MacKay- Ekati Diamond Mine Diavik Diamond Mine Aylmer Pegmatite 1 Advanced/Discovery Province Stage Lithium North Arrow 2 Fortescue Ltd. 1 LDG Lithium Midas Minerals (100%) Omnia Metals Spodumene lithium Trinex Minerals pegmatite showings 2 Mackay Lithium (100%) Spo
Slide 16: MacKay-Aylmer Pegmatite Province
MACKAY-AYLMER PEGMATITE PROVINCE • Identical geological environment to the Yellowknife Pegmatite Province - same rock types, same age, same size potential • North Arrow’s LDG and MacKay projects host LDG never-before drilled, spodumene pegmatites adjacent to the winter road connecting Yellowknife wi
Slide 17: LDG & MacKay Lithium Projects – NAR 100%
LDG & MACKAY LITHIUM PROJECTS – NAR 100% Diavik Diamond Mine • Four drill ready spodumene pegmatites • Multiple additional prospective pegmatites pegmatite SD4 SD2 Winter Road • Located within kilometres of winter road Camp Mine • Same setting and potential as the Yellowknife Pegmatite Province HW C
Slide 18: LDG Lithium – SD2 and SD4 Spodumene Pegmatites
LDG LITHIUM – SD2 and SD4 Spodumene Pegmatites Diavik Diamond Mine pegmatite SD4 SD2 Winter Road Camp Mine HW Camp MK1 MK3 Outram Lake 2-Mica Granite Legend Ice road – current route Ice road – old route x Li Showing 18
Slide 19: SD2 Spodumene Pegmatites
SD2 SPODUMENE PEGMATITES Spodumene megacryst 5% spodumene 14% spodumene Mapping / prospecting has identified at least 3 subparallel pegmatites including the main showing up to 20m wide and 500m in length. 19 19
Slide 20: SD2 Spodumene Pegmatites
SD2 SPODUMENE PEGMATITES 5% spodumene 14% spodumene Abundant coarse spodumene. 20 20
Slide 21: SD2 Spodumene Pegmatite – Terrain
SD2 SPODUMENE PEGMATITE – TERRAIN SD4 21 21
Slide 22: SD4 Pegmatite
SD4 PEGMATITE • 5 of 7 representative grab samples returned from 1.05% to 2.17% Li2O. • Average 14% spodumene. • Interpreted as steeply dipping (75-80 degrees). • 10-20 m wide and over 400 m in strike length. 2222
Slide 23: SD4 Pegmatite
SD4 PEGMATITE • 5 of 7 representative grab samples returned from 1.05% to 2.17% Li2O. • Average 14% spodumene. • Interpreted as steeply dipping (75-80 degrees). • 10-20 m wide and over 400 m in strike length. Composite sample 1.10% Li2O 13% spodumene (XRD) SD4 Pegmatite 23
Slide 24: SD4 Pegmatite
SD4 PEGMATITE • 5 of 7 representative grab samples returned from 1.05% to 2.17% Li2O. • Average 14% spodumene. • Interpreted as steeply dipping (75-80 degrees). • 10-20 m wide and over 400 m in strike length. 24
Slide 25: SD4 Pegmatite – Ground Magnetics & Boulders
SD4 PEGMATITE – Ground Magnetics & Boulders SD4 Ground Magnetics SD4 Outcrops 4.06% Li2O 25
Slide 26: Potential for More Discovery Between SD2 & SD4
POTENTIAL FOR MORE DISCOVERY BETWEEN SD2 & SD4 2023 field sample Extensive overburden = potential for discovery of additional, buried spodumene pegmatites between SD2 and SD4. 26
Slide 27: MacKay Lithium Project – NAR 100%
MACKAY LITHIUM PROJECT – NAR 100% Diavik Diamond MK1: Sub-parallel pegmatite dykes from 0.5 to >10m Mine wide; target area has total width of ~150m, interpreted strike of >400m, and is a slight topographic high. SD4 pegmatite SD2 Winter Road Camp Mine 2.5% Li2O HW Camp 50171 50338 50335 3.7% Li2O 50
Slide 28: MacKay Lithium Project – MK1
MACKAY LITHIUM PROJECT – MK1 Legend 2023 MK1 SAMPLE RESULTS grab sample result 3.21% Li2O channel sample result Fall 2023 sample 1.62% Li2O / 2m Summer 2023 sample 18% Spodumene Channel orientation 2.62% Li2O 2.51% Li2O 3.74% Li2O 0.34% Li2O 2.76% Li2O 2.45% Li2O 1.82% Li2O / 4m 20% Spodumene 28
Slide 29: MacKay Lithium Project – MK3
MACKAY LITHIUM PROJECT – MK3 • 4.5 km east of MK1, 15-20m wide, ~130m long • 2-30 cm spodumene crystals are present throughout the exposure. • Remains open to the west where it extends beneath extensive overburden. • Consistent lithium assays including 2.1% Li2O over 4 metres (27% Spodumene from XRD
Slide 30: MacKay: Sept 2023 MK3 Sample Locations
MACKAY: SEPT 2023 MK3 SAMPLE LOCATIONS MACKAY LITHIUM PROJECT: 2023 4.08% Li2O 1.43% Li2O / 4m 18% Spodumene MK3 SAMPLE RESULTS Legend Grab sample Channel sample 2.71% Li2O grab sample result channel sample result 1.49% Li2O/ 4m 2.10% Li2O / 4m 1.10% Li2O 27% Spodumene 5.25% Li2O 1.92% Li2O 30 30
Slide 31: NWT Too Remote? Compare to James Bay
NWT TOO REMOTE? COMPARE TO JAMES BAY • Look at the NWT and Quebec James Bay - same scale. • Proximity to the City of Yellowknife and full airport. • Proximity to railhead from Hay River LDG MacKay NICO Legend Mine – active or in development NAR Lithium Project Advancing Li Project Early-Stage Li Pro
Slide 32: Bathurst Inlet Lithium Property, NU
BATHURST INLET LITHIUM PROPERTY, NU • Part of strategic alliance with Panarc to identify and acquire lithium pegmatite opportunities in the NWT and NU. • Pegmatites mapped by government in the Bathurst Inlet area – some near fertile 2- mica granites. • Yet to be assessed for spodumene and related li
Slide 33: 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. 3333
Slide 34: Hope Bay Oro Property, NU
HOPE BAY ORO PROPERTY, NU Ida Point Showing Hope Bay ORO Property ORO vs Doris: • Located ~3km north ✓ Same rocks of Agnico Eagle’s ✓ Same structural setting Doris Gold Mine. ✓ Same mineralization style • Host stratigraphy to Hope Bay Oro Property the Doris deposit extends north onto Doris northern
Slide 35: YKPP – Acquisition Costs & Market Caps
YKPP - ACQUISITION COSTS & MARKET CAPS $189 Market data as of February 28, 2024 Market Capitalization (Millions $Cdn) Market Capitalization (Millions of CA$) $25 $20 Interest Company Acquisition Cost Earned Li-FT 100% $142,920,000 $15 Loyal Lithium 60% $4,575,000 Midas Minerals 80% $11,500,0001 $10
Slide 36: In the Market
IN THE MARKET Investing in… TSXV: NAR As of January 15, 2023 ❖ A highly experienced management and geological Share Price $0.04 team with a long history of mine-finding experience Market Cap $7 M in Canada’s north Issued 176 M Options 13 M ❖ Three permitted and drill ready, spodumene-bearing pegmati
Slide 37: 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