Northisle Copper And Gold Inc. · TSXV:NCX
Northisle Copper And Gold — Investor Presentation (March 2021)
26 slides from Northisle Copper And Gold's investor presentation, March 2021
Slide 1: NorthIsle Overview
COPPER AND GOLD INC. TSX-V: NCX MARCH 2021 NorthIsle Overview BUILDING CANADA’S LEADING SUSTAINABLE MINERAL RESOURCE COMPANY FOR THE FUTURE 1
Slide 2: Cautionary Disclaimer Regarding Forward-Looking Statements and Information
Cautionary Disclaimer Regarding Forward-Looking Statements and Information Certain of the statements and information in this press release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information
Slide 3: The Time is NOW for NorthIsle
The Time is NOW for NorthIsle Superior economics with significant exposure to Cu, Au, Mo + Re ‒ Long mine life of 22 years with average annual production of 177mlbs CuEq. over the first 6 years, including 112mlbs of copper, 112koz of gold and 2.7mlbs of molybdenum 2021 PEA ‒ Average annual after-t
Slide 4: The World Needs a Lot More Copper
The World Needs a Lot More Copper The time is now… Global Copper Supply / Demand (mt) 30.0 Stronger Demand Copper Production • Post-COVID global stimulus will result in 28.0 large infrastructure projects Pipeline • The push toward electric vehicles and 26.0 renewables is expected to add +6mt of Dema
Slide 5: Corporate Snapshot
Corporate Snapshot CAPITAL STRUCTURE SHAREHOLDER DISTRIBUTION Shares Outstanding 146,419,194 Insiders own 22% on a fully Market Capitalization (C$0.30 – Mar 5, 2021) C$43 million Insiders 15.6% diluted basis Options (C$0.05 – C$0.28) 13,125,000 Institutional Retail 75.1% 9.3% Warrants - Fully Dilute
Slide 6: Strong Leadership
Strong Leadership Proven Mine Finders, Developers and Financiers Sam Lee President & CEO Advised on +$100 billion of M&A and equity transactions over 20 years including several large porphyry projects Dale Corman Chairman Peñasquito Deposit Discovery through to Feasibility Sold to Glamis Gold for $1
Slide 7: North Island Overview
North Island Overview NORTH ISLAND PROJECT RESOURCE • Owner of 50km of copper IN COPPER EQUIVALENT1 IN GOLD EQUIVALENT1 gold porphyry trend on INDICATED INFERRED INDICATED INFERRED northern Vancouver Island • Access to pre-existing BHP infrastructure in a mining- friendly community 4.7 2.8 9.3 5.6 b
Slide 8: Advancing a 50km Porphyry District
Advancing a 50km Porphyry District 100% owner of the PEA-stage North Island Copper-Gold Project TSXV: NCX 8
Slide 9: Simple and Straightforward Mining
Simple and Straightforward Mining Highlighted by low total strip ratio of 0.71:1 Cross Section of Red Dog Red Dog is a higher-grade initial feed source which outcrops at surface Strip ratio less than 0.2x High potential to expand Hushamu is a large tonnage porphyry system occurring near surf
Slide 10: Summary of the 2021 PEA
Summary of the 2021 PEA PEA HIGHLIGHTS – BASE CASE1 ✓ Robust economics NPV After-tax C$1.1bn NPV8% (C$1.7bn NPV5%) Pre-tax C$1.5bn NPV8% (C$2.3bn NPV5%) ✓ High leverage to copper and gold IRR After-tax 19.0% IRR Pre-tax 21.7% IRR ✓ Significant production profile Payback 3.9 years Free Cash First 6 y
Slide 11: 2021 PEA Summary Economics
2021 PEA Summary Economics Robust Economics with Significant Upside to Current Metal Prices $1,396 NPV (C$m, 8%) IRR $1,059 $550 22.3% 19.0% 14.3% After-tax Economics 2021 PEA 2021 PEA Metal Price Scenario 2017 PEA1 Base Case2 Spot Price3 NPV5% C$1,007m C$1,683m C$2,116m NPV8% C$550m C$1,059m C$1,39
Slide 12: NorthIsle is Undervalued
NorthIsle is Undervalued Significant Resource at an Attractive Valuation Enterprise Value / M+I Resources & M+I Resource $535 $502 Enterprise Value/M+I Resource (US$/t CuEq) 47.9 M+I Resources (Mt CuEq) $191 $183 $164 5.7 4.8 $128 $100 $77 3.0 $56 $52 2.0 2.1 1.7 $42 $41 $33 $32 1.1 $19 1.2 $15 0.7
Slide 13: Summary of Initial Capex
Summary of Initial Capex Capital efficient due to significant existing infrastructure Area C$ million Owner's Cost Mine 17.8 4% Mine Pre-production 130.9 1% Process 1,235.4 Process 86% Pre-production Owner’s Cost 57.9 9% Total $1,442.0 Capex / Throughput (US$000/tpd) $94.3 $66.2 $55.9 US$15k/t $38.8
Slide 14: Competitive Operating Costs
Competitive Operating Costs Potential for first quartile AISC Total Site Operating Costs North Island will be a low-cost Area C$/tonne processed producer of highly marketable Mining Cost1 $3.84 concentrate products Processing $5.52 LOM AISC of C$0.90/lb Cu (US$0.68) Owner’s Cost $0.38 places Nor
Slide 15: Sustainability at our Core
Sustainability at our Core Becoming Canada’s Leading Sustainable Resource Company for the Future Contribute to the reduction in carbon emissions • Access to clean BC power makes a low carbon Windmills at Red Dog emission mine conceivable Power will be available from the BC Hydro grid, which is • Cop
Slide 16: Exploration Upside
Exploration Upside 33,000ha currently underexplored with less than 400 holes drilled Expansion of North Island Project resource North − Hushamu Deposit open for 300m to the southeast − Previously supposed barren zone in poorly drilled southern part Island determined by 2017 infill drilling to have
Slide 17: Pemberton Hills
Pemberton Hills High level alteration indicative of underlying copper porphyry deposit • 3.5km x 1.5km area of high-level silicification and advanced argillic alteration • Shallow historical hole ends in 0.14% Cu Area of high-level • Large IP target partially tested porphyry alteration: • 2021 drill
Slide 18: Red Dog Upside Potential
Red Dog Upside Potential North West Expo and Red Dog South Targets Location of 2021 drill targets Red Dog Starter pit potential Strip ratio of 0.14:1 TSXV: NCX 18
Slide 19: Hushamu Deposit Upside Potential
Hushamu Deposit Upside Potential Significant Opportunity for Expansion ➢ Deposit expansion to the southeast ➢ Converting supposed waste to mineralization ➢ Multi-year notice of work filed covering over 70 step- out and in-fill holes filed in support of PFS TSXV: NCX 19
Slide 20: North Island Project Timeline
North Island Project Timeline Build the leading sustainable mineral resource company for the future I. Rapidly advance the North Island Project through to pre-feasibility contemplating using Island Copper Mine infrastructure II. Aggressively accelerate exploration activities through 2021 via a 10,00
Slide 21: Appendix
APPENDIX od: NORTHISLE ‘COPPER AND GOLD INC.
Slide 22: BC: Supportive Tier 1 Jurisdiction
BC: Supportive Tier 1 Jurisdiction Population ✓ Top quartile best mining jurisdiction (F.I.) 15,000 ✓ Numerous mines permitted in last 10 years, most recently Brucejack ✓ 5 copper-gold deposits currently in production Population 750,000 ✓ Northern Vancouver Island is dependent on resource-based indu
Slide 23: Economics – Base Case
Economics – Base Case NorthIsle valuation attractive based on only the North Island Project Financial Parameters Production Parameters Development Capital C$m $1,442 Mine Life Years 22 Sustaining Capital C$m $197 Cu mlbpa 95.9 Site Operating Cost C$/t $9.81 Au kozpa 99.9 Avg. Ann. Revenue C$m $649 M
Slide 24: Conventional Flotation
Conventional Flotation North Island Project conceptual flowsheet based on conventional process Single grinding line consisting of a 40ft diameter SAG mill with 23MW drive and two 28ft diameter ball mills with 20MW drives Sub-aqueous co-disposal of mine waste and tailings in a single mine waste f
Slide 25: Red Dog South Target
Red Dog South Target Red Dog Alteration Map Current Resource High Level Alteration Indicates Buried Deposit at Depth TSXV: NCX 25
Slide 26: Board of Directors
Board of Directors Dale Corman Non-Executive Chairman Mr. Corman has over 40 years’ experience as a senior corporate officer of publicly listed companies in Canada and the United States, as well as extensive expertise in mineral and geothermal exploration and development, property evaluation and acq
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