North Arrow Minerals Inc. · TSXV:NAR

North Arrow Minerals — Investor Presentation (August 2023)

32 slides from North Arrow Minerals's investor presentation, Aug 15, 2023

  1. Slide 1: Experienced Northern Exposure

    TSXV: NAR Experienced Northern Exposure Canadian Lithium Projects August 15, 2023

  2. 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

  3. 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

  4. 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’

  5. Slide 5: Lithium and Diamond Project Pipeline

    LITHIUM AND DIAMOND PROJECT PIPELINE Advanced/Discovery Advanced Stage Stage Lithium Oro - Hope Bay (100%) Diamonds Gold project 3km north of 1 DeStaffany Assessing a known Agnico Eagle’s Doris Mine (100%) diamond deposit Spodumene lithium pegmatite project 1. Naujaat (60%) Oro Significant diamond B

  6. Slide 6: LDG Lithium Project – NAR 100%

    LDG LITHIUM PROJECT – NAR 100% • “New” project benefits from extensive exploration dataset (LIDAR; geophysics, till sampling, surficial mapping) • Lithium opportunity identified within the property, along the Lac de Gras winter road alignment • GSC mapping in the 1940’s identified pegmatites with “1

  7. Slide 7: 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) Yellowknife pegmatite Legend province Ice road – current route lithium Ice road – old route x Li Showing interests 7

  8. Slide 8: LDG Spodumene Pegmatites – Geological Setting

    LDG SPODUMENE PEGMATITES – GEOLOGICAL SETTING Diavik • Numerous pegmatites • Four spodumene pegmatites (SD1 – SD4) • Within metamorphosed turbidites (Yellowknife Supergroup) adjacent to fertile 2-mica granite. • 2023 field sample 8

  9. Slide 9: LDG Project: SD1 and SD2 Pegmatites

    LDG Project: SD1 and SD2 PEGMATITES 9

  10. Slide 10: SD1 Pegmatite – Looking East

    SD1 PEGMATITE – LOOKING EAST 10

  11. Slide 11: SD1 Pegmatite – Looking East

    SD1 PEGMATITE – LOOKING EAST 11

  12. Slide 12: SD1 Pegmatite – Looking East

    SD1 PEGMATITE – LOOKING EAST 12

  13. Slide 13: SD2 Pegmatite – Looking South

    SD2 PEGMATITE – LOOKING SOUTH Spodumene megacryst 13

  14. Slide 14: SD4 Pegmatite

    SD4 PEGMATITE Spodumene megacryst SD4 Pegmatite 14

  15. Slide 15: SD4 Pegmatite - Spodumene

    SD4 PEGMATITE - SPODUMENE 15

  16. Slide 16: Mackay Lithium Project – NAR 100%

    MACKAY LITHIUM PROJECT – NAR 100% MacKay Project LDG Project MacKay Project

  17. Slide 17: Mackay Lithium Project

    MACKAY LITHIUM PROJECT Applying for LDG Land Use Permit Amendment to include this showing. Potential for late September drilling program. MK1 PEGMATITE • Target also identified from 1940’s GSC mapping • MK1 spodumene pegmatite discovered June 2023 • Channel sampling and mapping July 2023 • Irregular

  18. Slide 18: 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 • July 2023 channel samples pending 18

  19. Slide 19: LDG & Mackay Lithium Projects

    LDG & MACKAY LITHIUM PROJECTS N SD1 SD4 MK1 SD1-3 HW Camp • Multiple spodumene pegmatites located in low-relief area • Locally >50m width; >400m interpreted strike; plenty of room to expand MK1 • High Li2O grades confirmed at MK1 (assays pending for SD1-SD4) • Potential for significant discovery nex

  20. Slide 20: 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

  21. Slide 21: DeStaffany Lithium Project

    DESTAFFANY LITHIUM PROJECT • Two spodumene pegmatites: Moose 1 and Moose 2 • >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

  22. Slide 22: 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) DeStaffany Mill abutments - Great Slave Lake in background

  23. Slide 23: Moose Pegmatite – Spodumene Megacrysts

    MOOSE 2 PEGMATITE – Spodumene Megacrysts SP SP SP • Historic mining focused on recovering Ta and Nb • Megacrystic (up to 1m) spodumene in pit wall SP • Spodumene not targeted by past mining SP • Pegmatite dips 50-80 degrees to the west SP (away from view on right) SP SP SP SP SP SP SP SP SP SP SP SP

  24. Slide 24: Moose Pegmatite – Spodumene Mineralization

    MOOSE 1 PEGMATITE – Spodumene Mineralization Moose 1 channel sampling, June 2023 • Limited past evaluation • 14 channel samples in June 2023 Historical Channel 3.7% Li2O Sampling 1.5% Li2O over 7.5 m 1.5% Li2O / 7.5m from 2009 1.7 Li2O channel sample. 24 24

  25. Slide 25: 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

  26. Slide 26: YKPP - Acquisition Costs & Market Caps

    YKPP - ACQUISITION COSTS & MARKET CAPS Market data as of August 10, 2023 $355 Market Capitalization (Millions of CA$) $45 $40 Market Capitalization $35 Interest $30 Company Acquisition Cost Earned $25 Li-FT 100% $142,920,000 GAMA 100% $2,900,0001 $20 $41 Loyal Lithium 60% $4,575,000 Midas Minerals 8

  27. Slide 27: 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

  28. Slide 28: 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

  29. Slide 29: Milestones & Catalysts for 2023

    MILESTONES & CATALYSTS FOR 2023 Advanced Discovery Brownfields Lithium Diamonds Diamonds Gold Project Milestones / Catalysts Details Spodumene Pegmatite Prospecting, mapping pegmatites; exploration camp and drill LDG, NT assays; drilling 2023 permit in place; plans for September drilling Spodumene P

  30. Slide 30: 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 inductee. EXPERIENCE Ken Armstrong P.Geo. (President, CEO, Director and Qualified Person under NI 43-101) Exp

  31. Slide 31: In the Market

    IN THE MARKET Investing in… TSXV: NAR As of August 14th, 2023 Share Price $0.105 ❖ A Highly Experienced Team with a Pipeline of Market Cap $17 M Projects in Lithium, Gold and Diamonds Issued 175 M ❖ Near term Lithium news flow Options 13 M Warrants 64 M ❖ Advanced Stage Diamond Project with Value Up

  32. Slide 32: 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

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