Northisle Copper And Gold Inc. · TSXV:NCX
Northisle Copper And Gold — Investor Presentation (February 2025)
18 slides from Northisle Copper And Gold's investor presentation, February 2025
Slide 1: Unlocking Copper Value Through Gold
Unlocking Copper Value Through Gold 2025 PRELIMINARY ECONOMIC ASSESSMENT HIGHLIGHTS | FEB 2025 | TSX-V:NCX
Slide 2: Cautionary Disclaimer Regarding Forward-Looking Statements and Information
Cautionary Disclaimer Regarding Forward-Looking Statements and Information Certain information in this presentation constitutes forward-looking statements under applicable securities law. Any statements that are contained in this presentation that are not statements of historical fact may be deemed
Slide 3: 2025 North Island Project PEA
2025 North Island Project PEA Generational Project in a Historic, 35km Porphyry District Exceptional Economics $2.0 29% 1.7x Bn NPV IRR Base and Return NPV / Capex @ Spot @ Spot @ Spot $3.8B 45% 3.3x High Leverage to Gold and Copper Production Phased Development Low Initial Capital Intensity 157 29y
Slide 4: North Island Projects Gets Better and Better
North Island Projects Gets Better and Better Significant Gold Production in Phase 1 Dramatically Improves Economics 2025 PEA 2025 PEA NPV7% ($Bn) IRR 2025 PEA PEA Scenario Phase 1 Base LOM Base Spot Price3 Case2 Case2 $4.8 NPV5% NPV 7% (after-tax) $2.0Bn (7%) $3.8Bn (7%) $3.8 IRR (after-tax) 29% 45%
Slide 5: North Island – Exceptional Infrastructure
North Island – Exceptional Infrastructure Logging and mining activity has left a legacy of roads, power and ports TSXV: NCX 5
Slide 6: 2025 PEA Summary
2025 PEA Summary PEA HIGHLIGHTS – BASE CASE 1,2 ✓ Robust economics Phase 1 LOM Mine Life 5 28.7 ✓ High leverage to copper and gold Average Throughput Capacity (Mtpa) 14.6 26.2 Strip Ratio (waste:ore) 1.43:1 0.81:1 ✓ Significant production profile Copper Recovery 86.7 80.1 ✓ Simple flowsheet Gold Rec
Slide 7: Two-phased Approach Lowers Initial Capital Intensity
Two-phased Approach Lowers Initial Capital Intensity • Phase 1 supports quick payback of 1.9 years and fully funds Phase II expansion • $357 million average annual cash flow in Phase 1 1,200 Post-Tax CF - Phase 1 Post-Tax CF - Phase 2 6,000 Initial Capex Expansion Capex 1,000 5,000 Post-Tax Cumulati
Slide 8: The Most Developable Copper Project Globally?
The Most Developable Copper Project Globally? IRR (%) Payback Period (years) Leading IRR Rapid Repayment of Investment 4.6 28.6% 3.9 22.1% 18.3% 1.9 North Island Average NPV (>$2b) Average NPV (<$2b) North Island Average NPV (>$2b) Average NPV (<$2b) Mine Life (years) Initial Capex / Annual Producti
Slide 9: NorthIsle Positioning – Global Cost Curve
NorthIsle Positioning – Global Cost Curve 2024 Copper Production Ranked on Cash Cost1 Quartile North Island (LOM) 157mlbCuEqpa North Island (Phase 1) Cash Cost (US$/lb) US$2.04/lb CuEq 151mlbCuEqpa US$1.49/lb CuEq Copper Production (kt) 2024 Gold Production Ranked on Cash Cost1 Quartile North Island
Slide 10: Exploration Upside – The Journey Has Just Begun
Exploration Upside – The Journey Has Just Begun Significant Value Driven by Effective Exploration North Island Project • $7 million fully funded Pemberton Hills 2025 PEA Mapping and Airborne $2.0Bn NPV7% / 29% IRR exploration program Geophysics focused on expanding Hushamu higher margin and grade Ma
Slide 11: Value Added Exploration – High Grade = High Margin
Value Added Exploration – High Grade = High Margin $7 million 2025 budget focused on high leverage additions within PEA footprint 2025 Drill Program Focus Northwest Expo • Fault offset targets for high grade mineralization (15% budget) West Goodspeed • Continued step-outs to expand discovery footpri
Slide 12: BC and Canada Open For Business
BC and Canada Open For Business Political will has never been stronger “… part of our strategy is to strengthen our economy and to make ourselves more self-sufficient… [which] starts with leveraging our incredible natural strengths… The North Island Advantage including mines, renewable energy, and n
Slide 13: Northisle is a Leader in Consent-Driven Decisions
Northisle is a Leader in Consent-Driven Decisions Close Collaboration Has Created Positive Permitting Outcomes Dec 2022: Quatsino April 2023: Tlatlasikwala Agreement Agreement Draft Permit Submissions Permits Submitted Northwest Expo Pemberton Permit Provided to First Nations1 to EMLI Permit Receive
Slide 14: Near Term Catalysts: The Time is Now
Near Term Catalysts: The Time is Now Q1 2025: Updated PEA Q2 2025: Commence 2025 Northwest Corridor Exploration Q2 2025: Target commencement of PFS Work Q3 2025: West Goodspeed Exploration Results H2 2025: Northwest Expo Exploration Results Q4 2025: Additional Exploration Results Q4 2025: Target com
Slide 15: Northisle Copper and Gold Inc. Contact
COPPER AND GOLD INC. 14th Floor – 1040 West Georgia Street Vancouver, British Columbia V63 4H1 Investor Inquiries: Nicholas Van Dyk, Chief Financial Officer +1.604.638.2515 info@northisle.ca www.northisle.ca TSXV: NCX 15
Slide 16: Appendix
—_. NORTHISLE COPPER AND GOLD INC. APPENDIX
Slide 17: North Island Project Resource Estimate
North Island Project Resource Estimate $11.50 NSR Cut-off Grade Contained Metal NSR Tonnes Cu Au Mo Re Cu Eq. Cu Au Mo Re Cu Eq. $11.50/tonne NSR cut-off 000s % g/t ppm ppm % mm lbs 000s oz mm lbs 000 lbs mm lbs $/T Indicated Hushamu 777,749 0.16% 0.21 87 0.49 0.29% 2,663 5,326 149 847 5,034 23.00 R
Slide 18: Preliminary Development Timeline
Preliminary Development Timeline Potential to compress through proactive engagement Milestones -6 -5 -4 -3 -2 -1 1 Exploration First Nations and Stakeholder Consultation Complete PEA Expand Environmental Baseline Programs Complete PFS Complete FS Submit Draft EIS Submit Final EIS Complete Engineerin
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