North Arrow Minerals Inc. · TSXV:NAR
North Arrow Minerals — Investor Presentation (October 2023)
31 slides from North Arrow Minerals's investor presentation, Oct 13, 2023
Slide 1: Experienced Northern Exposure: Canadian Lithium Projects
TSXV: NAR Experienced Northern Exposure Canadian Lithium Projects October 13, 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 management and directors have a successful track record of resource discovery and development in Canada’s North. 3
Slide 4: Why Invest in North Arrow
WHY INVEST IN NORTH ARROW We have the recipe for success in the junior resource sector. GOOD MANAGEMENT GOOD PROJECTS GOOD TIMING • Decades of successful • Spodumene deposits • Lithium demand is experience exploring close to infrastructure in strong with >10% supply the Northwest Territories Canada’
Slide 5: Lithium and Diamond Project Pipeline
LITHIUM AND DIAMOND PROJECT PIPELINE Advanced/Discovery Advanced Stage Stage Lithium Oro - Hope Bay (100%) Diamonds 1 LDG Lithium Gold project 3km north of Agnico Eagle’s Doris Mine Assessing a known (100%) diamond deposit Spodumene lithium pegmatite showings 1. Naujaat (60%) Oro Significant diamond
Slide 6: NAR's Lithium Projects in the NWT
NAR’s LITHIUM PROJECTS IN THE NWT Ekati Diamond Mine Diavik Diamond Mine 1 Advanced/Discovery 2 Stage Lithium 1 LDG Lithium (100%) Spodumene lithium pegmatite showings 2 Mackay Lithium (100%) Spodumene lithium pegmatite showings Yellowknife Pegmatite Province 3 DeStaffany Li-FT Power (100%) Yellowkn
Slide 7: 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 Ekati Diavik LDG MacKay NICO Yellowknife Legend Mine – active or in DeStaffany development NAR Lithium Project NEC
Slide 8: LDG Lithium Project – NAR 100%
LDG LITHIUM PROJECT – NAR 100% • “New” project benefits from extensive exploration dataset (LIDAR; geophysics, till sampling, surficial mapping) • Located along the Lac de Gras winter road alignment • GSC mapping in the 1940’s identified pegmatites with “10% of the lithium silicate mineral spodumene
Slide 9: LDG Li Showings - Proximity to Ice Road
LDG Li SHOWINGS - PROXIMITY TO ICE ROAD Ice road connecting Yellowknife to the N.W.T.'s three operating diamond mines. (Tibbitt to Contwoyto Winter Road Joint Venture) Legend Ice road – current route Ice road – old route x Li Showing 9
Slide 10: LDG Spodumene Pegmatites – Geological Setting
LDG SPODUMENE PEGMATITES – GEOLOGICAL SETTING 2023 field sample Diavik • Numerous pegmatites • SD2 and SD4 show significant spodumene content. • 18 km corridor of underexplored metasedimentary rocks adjacent to a fertile, two-mica granite; similar in age and setting to the host rocks of the Yellowkn
Slide 11: SD2 Pegmatite – Looking South
SD2 PEGMATITE – LOOKING SOUTH • 7 of 8 rock sawn channel samples returned 0.40% to 1.70% Li2O. • Steeply dipping (75-80 degrees) & 10-20 m wide and over 400 m in strike length. Spodumene megacryst 11
Slide 12: SD4 Pegmatite
SD4 PEGMATITE • 5 of 7 representative grab samples returned from 1.10% to 2.17% Li2O. • Interpreted as steeply dipping (75-80 degrees). • 10-20 m wide and over 400 m in strike length. Spodumene megacryst SD4 Pegmatite 12
Slide 13: MacKay Lithium Project
MACKAY LITHIUM PROJECT MacKay Project LDG Project MacKay Project
Slide 14: MacKay Lithium Project
MACKAY LITHIUM PROJECT Applying for LDG Land Use Permit Amendment to include the MacKay MK1 Pegmatite. Drilling planned for spring 2024. MK1 PEGMATITE • MK1 spodumene pegmatite discovered June 2023 • Channel sampling and mapping July 2023 and currently. • Irregular sub-parallel pegmatite dykes from
Slide 15: MacKay Lithium Project
MACKAY LITHIUM PROJECT Li2O 3.7% Li2O 2.5% Li2O 50171 50338 50335 50172 50168 50167 50169 50173 50336 50170 50174 50337 2.7% Li2O 2.4% Li2O • June 2023 grab samples, ~0.5 – 2 kg, collected over 120m strike extent • 6 of 8 rock sawn channel samples returned Li2O assays of 1.16%, 1.34%, 1.87%, 1.90%,
Slide 16: LDG & MacKay Lithium Projects
LDG & MACKAY LITHIUM PROJECTS N SD2 SD1 SD4 MK1 SD1-3 Main Li Pegmatite HW Camp • Multiple spodumene pegmatites located in low-relief areas • Significant width and strike potential next to winter road infrastructure; MK1 within 20km of Diavik • High Li2O grades confirmed at MK1, SD2 and SD4 • Septem
Slide 17: DeStaffany Lithium Project - NAR 100%
DESTAFFANY LITHIUM PROJECT - NAR 100% Midas Minerals • Yellowknife Pegmatite Province (YKPP) • Same setting as Li-FT Power’s Yellowknife Lithium Project; other players include Patriot Battery Metals, Loyal Lithium, Midas Minerals, Patriot Battery Li-FT Power Metals (40%) Li-FT and Gama Explorations
Slide 18: DeStaffany Lithium Project
DESTAFFANY LITHIUM PROJECT • Moose 1 and Moose 2 spodumene pegmatites are >350m strike length; Moose 2 up to 30m wide • Within several hundred metres of Great Slave Lake • Moose 2 was test mined for Ta, Nb, Sn in the 1940’s & 50’s • Never evaluated for lithium • North Arrow identified Moose 3 and Mo
Slide 19: 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 20: Channel Sample Results
CHANNEL SAMPLE RESULTS Historical and from 2023 MOOSE 1 (>0.8 % Li20) Assays >0.8% Li20 3m @1.00% channel sample grab sample 2.3m @0.67% 7m @1.62% 3.78% 2m @1.38% 1m @2.38% 3m @1.86% 2m @1.75% 3m @1.86% 2m @1.42% 2m @0.81% 7.5m @1.50% 2m @1.98% 1m @ 1.02% 3m @0.84% 4m @1.42% 4m @0.84% 4m @1.81% 100
Slide 21: DeStaffany Project – 2023/24 Field Work
DESTAFFANY PROJECT – 2023/24 field work Can the Moose pegmatites produce a marketable spodumene concentrate that could be shipped south by barge and rail? Hay River on Great Slave Lake Phase 1 – Completed June 2023 • Mapping / channel sampling North American Rail Lines • Moose 3 and Moose 4 discover
Slide 22: YKPP - Acquisition Costs & Market Caps
YKPP - ACQUISITION COSTS & MARKET CAPS $292 Market data as of September 27, 2023 $60 $52.1 Market Capitalization (Millions $Cdn) $50 $40 Interest Company Acquisition Cost Earned Li-FT 100% $142,920,000 $30 GAMA 100% $2,900,0001 Loyal Lithium 60% $4,575,000 $20 Midas Minerals 80% $11,500,0002 North A
Slide 23: Predicted Lithium Deficit = Interest in Exploration
PREDICTED LITHIUM DEFICIT = interest in exploration If all planned mines reach production by 2030, there will still be a >10% Lithium supply 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 2
Slide 24: Close to the Community
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 looking southwes
Slide 25: Milestones & Catalysts for 2023-2024
MILESTONES & CATALYSTS FOR 2023- 2024 Advanced Discovery Brownfields Lithium Diamonds Diamonds Gold Project Milestones / Catalysts Details Li assays through rest of Exploration camp and drill permit in place; program ongoing LDG, NT 2023; drilling spring 2024 mapping, prospecting, sampling and hole
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. EXPERIENCE Ken Armstrong P.Geo. (President, CEO, Director and Qualified Person under NI 43-101) Exploration
Slide 27: In the Market
IN THE MARKET Investing in… TSXV: NAR As of Sept 27, 2023 Share Price $0.045 ❖ A highly experienced team with a pipeline of Market Cap $8 M projects in lithium, gold and diamonds Issued 175 M ❖ Near term lithium news flow Options 13 M Warrants 64 M ❖ Gold and diamond projects with value upside ❖ A c
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: SD4 Pegmatite - Spodumene
SD4 PEGMATITE - SPODUMENE • 5 of 7 representative grab samples from SD4 have returned from 1.10% Li2O to 2.17% Li2O. • Interpreted as steeply dipping (75-80 degrees). • 10-20 m wide and over 400 m in strike length. 37
Slide 30: Moose 1 Channel Samples >0.8% Li2O
MOOSE 1 CHANNEL SAMPLES >0.8 % Li20 Moose 1 channel sampling, June Assays >0.8% Li20 2023 channel sample grab sample 2042-3 3.78% Li20 MS1-10: 2M @1.38% MS1-9: 1M @2.38% MS1-7: 3M @1.86% MS1-6: 2m @1.75% MS1-7: 3M @1.86% MS1-4: 2m @0.81% MS1-2043: 7.5m @1.50% & (45030) 1m @0.93% (2009) MS1-3: 3m @0.
Slide 31: Moose 2 Channel Samples >0.6% Li2O
MOOSE 2 CHANNEL SAMPLES >0.6 % Li20 2044-1 to 2044-3 : 3m @1.00% 45030-031: 2.3m @0.67% 45011-17: 7m @1.62% 45020 1m @ 0.93 45004-5: 2m @1.42% 45008 1m @ 1.02% 2041-2042: 2m @1.98% MS2-1: 4m @0.84% 100 M
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