Slide 1: Experienced Northern Exposure: Canadian Lithium Projects
TSXV: NAR Experienced Northern Exposure Canadian Lithium Projects VRIC January 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 D. Grenville Thomas (Chairman) Founder of Aber Resources, discoverer of the Diavik WEALTH OF Diamond Mine; Canadian Mining Hall of Fame inductee. EXPERIENCE Ken Armstrong P.Geo. (President, CEO, Director and Qualified Person under NI 43-101) 25+ years exploration & evaluation
Slide 5: 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 6: YKPP - Acquisition Costs & Market Caps
YKPP - ACQUISITION COSTS & MARKET CAPS $242 Market data as of January 16, 2024 Market Capitalization (Millions $Cdn) Market Capitalization (Millions of CA$) $35 $30 Interest Company Acquisition Cost $25 Earned Li-FT 100% $142,920,000 $20 Loyal Lithium 60% $4,575,000 Midas Minerals 80% $11,500,0001 $
Slide 7: 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 8: Hard Rock Lithium Project Pipeline
HARD ROCK LITHIUM PROJECT PIPELINE Advanced/Discovery Stage Lithium Grassroots Lithium 4 Bathurst Inlet 1 LDG Lithium (100%) (100%) Pegmatites with Spodumene lithium Bathurst 4 unknown mineralogy pegmatite showings 1 LDG 2 MacKay Lithium DeStaffany 3 2 Mackay (100%) Spodumene lithium pegmatite showi
Slide 9: NAR Lithium Projects in the NWT
NAR LITHIUM PROJECTS IN THE NWT Ekati Diamond Mine Diavik Diamond Mine The MacKay- Aylmer Domain 1 Advanced/Discovery North Arrow Stage Lithium 2 Midas Minerals Lithium Enriched Pegmatites Omnia Metals 1 LDG Lithium Found most often within meta- Trinex Minerals (100%) sediments near to a fertile, hi
Slide 10: Yellowknife Pegmatite Province
YELLOWKNIFE PEGMATITE PROVINCE (YPP) Australian Co. Canadian Co. Trinex • Companies currently conducting exploration: Prestige LiFT, Loyal Lithium, Midas Minerals, Ion Lithium Energy, Patriot Battery Metals, Gama Explorations, Prestige Lithium, Fortescue Midas Minerals Li-FT Trinex Ion • NAR team ha
Slide 11: 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 • ‘Re-discovered’ Moose 3 and Moose 4 • Channel samples Moose 1: 1.5
Slide 12: Moose 1 Channel Sample Results
MOOSE 1 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% 100 M 13
Slide 13: Moose 2 Channel Sample Results
MOOSE 2 CHANNEL SAMPLE RESULTS Historical and from 2023 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 14
Slide 14: 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 15: 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. • Drill and camp permit
Slide 16: NAR Lithium Projects in the NWT
NAR LITHIUM PROJECTS IN THE NWT Ekati Diamond Mine Diavik Diamond Mine The MacKay- Aylmer Domain 1 Advanced/Discovery North Arrow 2 Stage Lithium Midas Minerals Omnia Metals 1 LDG Lithium Trinex Minerals (100%) Fortescue Ltd. Spodumene lithium pegmatite showings 2 Mackay Lithium (100%) Spodumene lit
Slide 17: Geological Survey Map 977A from the 1940's
GEOLOGICAL SURVEY MAP 977A FROM THE 1940’S 18
Slide 18: 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 19: 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 20: LDG Spodumene Pegmatites – Geological Setting
LDG SPODUMENE PEGMATITES – GEOLOGICAL SETTING Diavik xx x x xx • ~20km prospective corridor • Along transportation infrastructure • Numerous pegmatites • SD2 & SD4 significantly spodumene mineralization MacKay Lake • ~10-20 m wide & > 400 m long 21
Slide 21: LDG Spodumene Pegmatites
LDG SPODUMENE PEGMATITES 2023 field sample Diavik xx x x xx SD2 and SD4 significantly spodumene bearing; both ~10-20 m wide & over 400 m long. 24
Slide 22: SD2 Spodumene Pegmatites
SD2 SPODUMENE PEGMATITES Will be drilled in spring / summer 2024! Spodumene megacryst Mapping / prospecting in Sept identified at least 3 additional subparallel pegmatites to SD2; including 1 sub-cropping, ~200m long, hosting spodumene. 25
Slide 23: SD2 Spodumene Pegmatite – Southern Exposure
SD2 SPODUMENE PEGMATITE – SOUTHERN EXPOSURE SD4 28
Slide 24: 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. SD4 Pegmatite 30
Slide 25: Potential for More Discovery Between SD2 & SD4
POTENTIAL FOR MORE DISCOVERY BETWEEN SD2 & SD4 2023 field sample Extensive overburden leaves high potential for discovery of additional, buried spodumene pegmatites between SD2 and SD4.
Slide 26: MacKay Lithium Project
MACKAY LITHIUM PROJECT MacKay covers an additional 14 km length of the same prospective corridor as LDG. MK1 MK3 LDG Project MacKay Project 33
Slide 27: MacKay Lithium Project – MK1 Pegmatite
MACKAY LITHIUM PROJECT – MK1 PEGMATITE 2.4% 3.7% Li2O Li2O 3.7% Li2O 2.5% Li2O 50171 50338 50335 50172 50168 50167 50169 50173 50336 50170 50174 50337 2.5% 2.7% Li2O Li2O 2.4% Li2O 2.7% Li2O Sub-parallel pegmatite dykes from 0.5 to >10m wide; target area has combined width of ~150m; interpreted stri
Slide 28: MacKay Lithium Project – MK1 Pegmatite
MACKAY LITHIUM PROJECT – MK1 PEGMATITE Legend MACKAY LITHIUM PROJECT: 2023 MK1 SAMPLE RESULTS grab sample result channel sample result 3.21% Li2O Fall 2023 sample Summer 2023 sample 1.62% Li2O over 2m Channel orientation 2.62% Li2O 2.58% Li2O 3.74% Li2O 0.34% Li2O 1.82% Li2O over 4m 2.41% Li2O 2.84
Slide 29: MacKay: Sept 2023 MK1 Sample Locations
MACKAY: SEPT 2023 MK1 SAMPLE LOCATIONS 0.1% Li2O MK1 eastern outcrop - 2.6% Li2O Looking East 3.2% Li2O 36
Slide 30: MacKay – New Discovery MK3
MACKAY– NEW DISCOVERY MK3 • 4.5 km east of MK1, a prominent 15 to 20m wide, white pegmatite exposure, ~ 130m long • 2-30cm long spodumene crystals are present throughout the exposure. • Remains open to the west where it extends beneath extensive overburden. • Consistent lithium assays including 2.1%
Slide 31: MacKay: Sept 2023 MK3 Sample Locations
MACKAY: SEPT 2023 MK3 SAMPLE LOCATIONS 40
Slide 32: 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 33: 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 have been known to occur in the Bathurst Inlet area for many decades. • Yet to be assessed for spodumene and related lithium mineraliza
Slide 34: 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. 4343
Slide 35: Hope Bay Oro Property, NU
HOPE BAY ORO PROPERTY, NU Ida Point Showing Hope Bay ORO Property • Located ~3km ORO vs Doris: north of Agnico ✓ Same rocks Eagle’s Doris Gold ✓ Same structural setting Mine. ✓ Same mineralization style • Host stratigraphy to the Doris Hope Bay Oro Property deposit extends north onto ORO property. D
Slide 36: 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