North Arrow Minerals Inc. · TSXV:NAR
North Arrow Minerals — Investor Presentation (April 2019)
35 slides from North Arrow Minerals's investor presentation, Apr 30, 2019
Slide 1: Canada's Most Active Diamond Explorer
TSXV: NAR TSXV:NAR Canada’s Most Active Diamond Explorer Corporate Presentation April 30, 2019
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT 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 and plans and objectives of N
Slide 3: Corporate Overview
CORPORATE OVERVIEW *as of January 31 , 2018 st Capitalization Corporate Highlights Listing: TSX Venture – NAR Issued: 92.8 M Options: 8.9 M Warrants: 26.5 M (20 M at $0.40) Fully diluted: 128.2 M Estimated Working Capital: ~$0.9 M Main Shareholders Management/Directors/Advisors ~23.8% Zebra Hold
Slide 4: Corporate Overview - People
CORPORATE OVERVIEW - PEOPLE D. Grenville Thomas (Chairman) Founder of Aber (now Dominion Diamond), discoverer of the Diavik Diamond Mine; Canadian Mining Hall of Fame inductee. Ken Armstrong P.Geo.(ON) (President, CEO, Director and Qualified Person under NI 43-101) Diamond exploration and evaluation
Slide 5: Diamond Discoveries: A Canadian Leader
DIAMOND DISCOVERIES: A CANADIAN LEADER North American Diamond Exploration 2 Kimberlite and related rocks Pre-1981 1981-2012 1 2013-2018 • Six kimberlite fields discovered in the last six years • North Arrow discovered two of them: (1) Pikoo & (2) Mel; the only junior explorer to make a discovery in
Slide 6: Corporate Overview – Projects
CORPORATE OVERVIEW – PROJECTS Advanced Stage Assessing a known kimberlite or diamond deposit 1. Naujaat (100%) Significant diamond inventory; potential value upside: fancy orange-yellow diamonds Next stage of diamond exploration Discovery Stage could lead to discovery 8 1 2 2. Mel (100%) Kimberlite
Slide 7: Corporate Overview – Projects
CORPORATE OVERVIEW – PROJECTS Advanced Stage Assessing a known kimberlite or diamond deposit 1. Naujaat (100%) Significant diamond inventory; potential value upside: fancy orange-yellow diamonds 1 EKATI DIAVIK GAHCHO KUE RENARD VICTOR EXISTING DIAMOND MINE 7
Slide 8: Naujaat Project – Ticks All the Boxes
NAUJAAT PROJECT – TICKS ALL THE BOXES Q1-4 Kimberlite Jurisdiction Clear permitting path in Nunavut Near tide water Freight costs 50% of NWT diamond mines Large tonnage ~48 Mt down to 205m below surface Low strip ratio <3:1 vs >10:1 for NWT diamond mines Significant diamond inventory* NAR
Slide 9: Q1-4 Diamond Deposit: Status
Q1-4 DIAMOND DEPOSIT: STATUS 2015 WWW Diamond Valuation based on 384 carats recovered from ~1,350 t $92 per carat modelled “possible high” | $43 per carat modelled “possible low” Primary WWW Conclusions from the 2015 Valuation: • Parcel too small • Yellow diamonds were considered of little interest.
Slide 10: Q1-4 Diamond Project: Status
Q1-4 DIAMOND PROJECT: STATUS How the project advanced (2015 to present): 1. Cut & Polished Yellow Diamonds: • Certified by GIA as fancy vivid orangey yellow diamonds • Desirable to the luxury gem/jewelry trade 10
Slide 11: Q1-4 Diamond Project: Status
Q1-4 DIAMOND PROJECT: STATUS How the project advanced (2015 to present): 1. Cut & Polished Yellow Diamonds: • Certified by GIA as fancy vivid orangey yellow diamonds • Desirable to the luxury gem/jewelry trade 2. Nitrogen aggregation studies show the yellow and white diamonds distinct populations 11
Slide 12: Q1-4 Diamond Project: Status
Q1-4 DIAMOND PROJECT: STATUS How the project advanced (2015 to present): 1. Polished Yellow Diamonds: • Certified by GIA as fancy vivid orangey yellow diamonds • Desirable to the luxury gem/jewelry trade Q1-4 Grade/Size Curve 2. Nitrogen aggregation studies show the yellow and white Comparative Curv
Slide 13: Q1-4 Diamond Project: Status
Q1-4 DIAMOND PROJECT: STATUS How the project advanced (2015 to present): 1. Polished Yellow Diamonds: • Certified by GIA as fancy vivid orangey yellow diamonds • Desirable to the luxury gem/jewelry trade Q1-4 Grade/Size Curve 2. Nitrogen aggregation studies show the yellow and white Comparative Curv
Slide 14: Q1-4 Diamond Project: Status
Q1-4 DIAMOND PROJECT: STATUS How the project advanced (2015 to present): 1. Polished Yellow Diamonds: • Certified by GIA as fancy vivid orangey yellow diamonds • Desirable to the luxury gem/jewelry trade 2. Nitrogen aggregation studies show the yellow and white diamonds distinct populations 3. Yello
Slide 15: Q1-4 - Large Tonnage, Easy Access
Q1-4 - LARGE TONNAGE, EASY ACCESS Q1-4 looking southwest: 12.5 ha kimberlite • Easy surface access to A28, A61 & A88 phases • Current Q1-4 resource ~48Mt to 205m depth • Modelling suggests extending the ~700m resource to 300m depth could result in ~200m strip ratio < 3:1 • 2017 drilling extended Q1-
Slide 16: Q1-4 Delineation Drilling
Q1-4 DELINEATION DRILLING Looking North B B’ 0m • Several deep drill holes remained in kimberlite 100 m >100m beyond the current model and well below 300m from surface. 200 m Current TFFE 300 m A’ Looking West 0m A A’ B B’ 100 m 200 m A Current TFFE 2017 drill holes on 2013 resource model 300 m 16
Slide 17: Naujaat Project – Way Forward
NAUJAAT PROJECT – WAY FORWARD ~ 10,000t bulk sample from Q1-4 Sample Goal: • Confirm coarse SFD & value upside of orange – yellow diamonds Sample Collection: • Take advantage of access trail & free digging character - reduced cost & more local investment • Test at least 3 phases (A28, A88, & A61) Sa
Slide 18: Naujaat Project – Way Forward
NAUJAAT PROJECT – WAY FORWARD Community Access Trail Community led initiative: • Hamlet is project proponent • Entirely within municipal boundary • Permitting & funding are underway Economic & Cultural opportunities: • Economic diversification - i) Access to aggregate ii) Access to carving stone iii
Slide 19: Q1-4 10,000 Tonne Bulk Sample Plan
Q1-4 10,000 TONNE BULK SAMPLE PLAN Q1-4 Kimberlite NAR Laydown Area 19 19
Slide 20: Processing of Sample in the North
PROCESSING OF SAMPLE IN THE NORTH 20
Slide 21: Renewed Evaluation of Other Kimberlites
RENEWED EVALUATION OF OTHER KIMBERLITES All are under-evaluated with limited drilling A94 Similar age & mantle sample as Q1-4 • ~10 hectares • Diamondiferous • 2 angled drill holes (@450) • Both >300m & Q1-4 ended in kimberlite A34 • ~3 hectares • Diamondiferous • 2 angled drill A34 holes (@450) A94
Slide 22: Way Forward – Summary Timeline
WAY FORWARD – SUMMARY TIMELINE Access Trail: Permitting & Funding – In Progress • Construction start – Summer 2019 Diamond value is the • Construction completion – Summer 2020 last variable. All the other boxes are ticked. Processing Plant: Design Engineering – In Progress • Fabrication – Fall 2019
Slide 23: Mel Diamond Project
MEL DIAMOND PROJECT Discovery Stage 2 Mel Project (100%) Diamondiferous Kimberlite Field 2 Discovered 2017 EKATI DIAVIK GAHCHO KUE RENARD VICTOR EXISTING DIAMOND MINE 23
Slide 24: Mel – New Canadian Diamond Discovery
MEL – NEW CANADIAN DIAMOND DISCOVERY New diamondiferous kimberlite field East central Melville Peninsula 18 km from ocean; 140 km south of Hall Beach; 210 km northeast of Naujaat Three kimberlites discovered to date Additional unexplained KIM anomalies Mel Project 2018 property wide till
Slide 25: Mel Kimberlites – Excellent Mantle Sample
MEL KIMBERLITES – EXCELLENT MANTLE SAMPLE ilmenite pyrope garnet olivine 25
Slide 26: Mel Project - Microdiamond Results
MEL PROJECT - MICRODIAMOND RESULTS Sample Number of Diamonds per Sieve Size (mm Square Mesh Sieve) Body Weight +0.106 +0.150 +0.212 +0.300 +0.425 +0.600 +0.850 Total Dry Kg -0.150 -0.212 -0.300 -0.425 -0.600 -0.850 -1.18 Stones ML8 (Lower) 24.15 0 3 0 2 1 1 1 8 ML8 (Upper) 270.5 20 16 17 10 1 2 3 69
Slide 27: New Kimberlite Targets - South Train
NEW KIMBERLITE TARGETS - SOUTH TRAIN Results have expanded the south Mel KIM target area, including most anomalous sample returned to date in this region (15 KIMs) 27
Slide 28: New Kimberlite Targets - North Train
NEW KIMBERLITE TARGETS - NORTH TRAIN Results have extended the train further to the north; sample 600m north of the ML8 Upper and Lower Kimberlites ML8 kimberlite had 34 KIMs ML345 Kimberlites 28
Slide 29: Mel Project – Way Forward
MEL PROJECT – WAY FORWARD OCEAN ML-8 Upper ML-8 Lower WAY FORWARD Camp is in Place Geophysics Till Sampling Prospecting ML-345 Drilling 29
Slide 30: Lac de Gras Diamond Projects
LAC DE GRAS DIAMOND PROJECTS Discovery Stage 3 Loki Project (100%) 4 LDG Project EKATI (JV w Dominion; ~26% NAR) DIAVIK GAHCHO KUE RENARD VICTOR EXISTING DIAMOND MINE 30
Slide 31: Lac de Gras Diamond Projects
LAC DE GRAS DIAMOND PROJECTS Loki Property • 8,607 ha; 100% NAR • Kimberlite 465 discovered in 2018 • Diamondiferous EG05 kimberlite • Additional targets associated with unsourced KIMs • Way Forward: till sampling, geophysics & drilling Lac de Gras (LDG) Joint Venture (NAR ~26%) • Large project area
Slide 32: Pikoo Diamond Project
PIKOO DIAMOND PROJECT Discovery Stage 5 Pikoo Project (100%) EKATI DIAVIK GAHCHO KUE RENARD VICTOR EXISTING DIAMOND MINE 32
Slide 33: Pikoo Project, SK
PIKOO PROJECT, SK North Arrow (100%) Good local infrastructure - within 10 km PK314 & of SK Hwy 911 PK346 PK150 PK312 10 kimberlite discoveries; 5 tested kimberlites are diamondiferous PK311 PK150 – 1,232 diamonds > 0.106 mm from 531 kg • Till sampling suggests more unique unsourced KIM trai
Slide 34: Diamond Discoveries: A Canadian Leader
DIAMOND DISCOVERIES: A CANADIAN LEADER NAR: Canadian diamond sector’s most active & successful explorer over the last 6 years • One of Canada’s largest under-evaluated diamond inventories at Naujaat’s Q1-4 kimberlite (~26 million carats) – clear evaluation path & soon to have road access! • Two new
Slide 35: TSXV: NAR
TSXV: NAR Ken Armstrong President & CEO Nick Thomas Community and Investor Relations Manager Suite 960-789 West Pender Street Vancouver, BC Canada V6C 1H2 Tel: +1.604.668.8354 Fax: +1.604.336.4813 info@northarrowminerals.com @narminerals northarrowminerals www.northarrowminerals.com
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