Northisle Copper And Gold Inc. · TSXV:NCX
Northisle Copper And Gold — Investor Presentation (January 2021)
26 slides from Northisle Copper And Gold's investor presentation, January 2021
Slide 1: Corporate Presentation
COPPER AND GOLD INC. TSX-V: NCX JANUARY 2021 Corporate Presentation BUILDING THE 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 and Mo and potentially Re ‒ Initial capex of US$1bn, annual average production of 141mm lbs Cu Eq (88mm lbs Cu) with AISC of Robust Copper- US$2/lb Cu Eq. helped by low strip ratio of 0.72 w:o ‒ 2017 PEA has after
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: NorthIsle Overview
NorthIsle Overview • Owner of 50km of copper NORTH ISLAND PROJECT RESOURCE gold porphyry trend on northern Vancouver Island IN COPPER EQUIVALENT1 IN GOLD EQUIVALENT1 • Access to pre-existing BHP INDICATED INFERRED INDICATED INFERRED infrastructure in a mining- friendly community • PEA update underwa
Slide 6: Corporate Snapshot
Corporate Snapshot CAPITAL STRUCTURE SHAREHOLDER DISTRIBUTION Shares Outstanding 146,419,194 Insiders own 22% on a fully Market Capitalization (C$0.35 – Jan 15, 2021) C$51 million Insiders 15.6% diluted basis Options (C$0.05 – C$0.28) 13,125,000 Institutional Retail 75.1% 9.3% Warrants - Fully Dilut
Slide 7: NorthIsle is Undervalued
NorthIsle is Undervalued NorthIsle has a large resource base that is valued well below its peer group Enterprise Value / Total Resource, Total Resource & Capex / Throughput 58.3 Enterprise Value/Total Resource (US$/t CuEq) $281 8.5 $262 Total Resources (Mt CuEq) 6.9 $175 3.9 $98 3.5 3.4 3.1 2.6 $73
Slide 8: 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 $1
Slide 9: Few Copper Projects of Significance Are Controlled by Juniors
Few Copper Projects of Significance Are Controlled by Juniors North Island Project • Economical at today’s prices UKMP Casino • Located in BC – a top quartile jurisdiction Pebble • Tremendous access to local infrastructure KSM Morrison Harper Creek NORTH ISLAND PROJECT Northmet • Straightforward tec
Slide 10: BC: Supportive Tier 1 Jurisdiction
BC: Supportive Tier 1 Jurisdiction Population ✓ Top quartile best mining jurisdiction (F.I.) 15,000 ✓ Numerous mines permitted in last 10 years, most recently Brucejack ✓ 5 copper-gold deposits currently in production Population 750,000 ✓ Northern Vancouver Island is dependent on resource-based indu
Slide 11: Advancing a 50km Porphyry District
Advancing a 50km Porphyry District 1) 100% owner of the PEA-stage North Island Copper-Gold Project 2) Joint Ventured with Freeport on exploration grounds 100% NCX Freeport JV ~24yr LOM production 345mt @ 0.41%Cu, 0.017%Mo, 0.19g/tAu & 1.4g/tAg TSXV: NCX 11
Slide 12: 2017 PEA Summary Economics
2017 PEA Summary Economics Robust Economics with Significant Upside to Current Metal Prices NPV (C$m, 8%) IRR $1,249 $902 $550 21.7% 18.1% 14.3% Metal Price Comparison After-tax Economics 2017 Metal Price 2017 PEA 2017 PEA Metal Spot1 Δ% 2017 PEA2 PEA Scenario +10% +20% Cu $3.60 $3.10 19% NPV8% C$55
Slide 13: Catalysts for Project Value Creation
Catalysts for Project Value Creation Low-risk value enhancements likely to further improve economics I. Incorporate improved recoveries in updated PEA 2017 PEA 2020 SGS Testing 85.7% 89.8% 87.9% 86.6% 75.0% 74.5% 53.0% 50.8% 46.4% 43.7% 33.0% 34.4% Cu Au Cu Au Cu Au Red Dog Hushamu - SCP Hushamu - C
Slide 14: Simple and Straightforward Mining
Simple and Straightforward Mining Highlighted by low total strip ratio of 0.72:1 Cross Section of Red Dog Red Dog represents a higher-grade initial feed source which outcrops at surface Strip ratio less than 0.2x High potential to expand Hushamu represents a large tonnage porphyry system A
Slide 15: Overview of Resources
Overview of Resources Grades compare well with current operating mines in British Columbia METAL VALUE DISTRIBUTION CU EQ M&I RESOURCE GRADE FOR CURRENT (based on revenue) BC OPERATING MINES 0.49% 0.44% 0.42% 0.40% 0.35% 0.34% Gold Copper 24% 59% Molybdenum 5% Pyrite 13% Mt Polley North Island Coppe
Slide 16: Near Brownfield Development
Near Brownfield Development Infrastructure in place due to previous BHP operation reduces execution risk Good existing infrastructure due to previous BHP operation at Island Copper • A marine load out structure and a 138kV BC Hydro Windmills at Red Dog substation exist at the reclaimed Island Copper
Slide 17: 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 h
Slide 18: Hushamu Deposit Upside Potential
Hushamu Deposit Upside Potential Significant Opportunity for Expansion ➢ Deposit expansion to the southeast 2017 drilling shows previously assumed area of waste contains mineralization ➢ Converting supposed waste to mineralization ➢ Multi-year notice of work filed covering over 70 step- out and in-f
Slide 19: Pemberton Hills Venture – Freeport
Pemberton Hills Venture – Freeport 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 alter
Slide 20: 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 20
Slide 21: Red Dog South Target
Red Dog South Target Red Dog Alteration Map Current Resource High Level Alteration Indicates Buried Deposit at Depth TSXV: NCX 21
Slide 22: NorthIsle Strategy
NorthIsle Strategy Build the leading sustainable mineral resource company for the future I. Update the North Island Project PEA for increased copper and gold recoveries, addition of Rhenium in the moly concentrate, pricing and costing II. Aggressively accelerate exploration activities through 2021 w
Slide 23: Appendix
APPENDIX od: NORTHISLE ‘COPPER AND GOLD INC.
Slide 24: Economics – 2017 Base Case
Economics – 2017 Base Case NorthIsle valuation attractive based on only the North Island Project Financial Parameters Production Parameters Development Capital C$m $1,344 Mine Life Years 22 Sustaining Capital C$m $139 Cu mlbpa 82 Operating Cost C$/t $8.66 Au koz 79 After-tax Net Revenue C$m $2,350 M
Slide 25: Conventional Flotation – 2017 PEA
Conventional Flotation – 2017 PEA 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 w
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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