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A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December 2016

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Page 1: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

A Copper-Gold Producer

in the Making

100% owned North Island Project on

Vancouver Island in British Columbia, Canada

December 2016

Page 2: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 2

Investment Highlights

Large 38,238 hectare project in British Columbia covering an entire porphyry copper belt

Defined Hushamu Porphyry Copper - Gold Deposit with molybdenum – Rhenium credits:

Indicated 1.4 B lbs Cu, 2.8 M oz Au and 65.7 M lbs Mo at .45% Cu Eq;

Inferred 0.8 B lbs Cu, 1.7 M oz Au and 34.9 M lbs Mo at .39% Cu Eq;

Resource open to SE for 300 metres NW of current resource.

Defined Red Dog Porphyry Copper-Gold Deposit:

Indicated 23 million tonnes grading 0.32% Cu and 0.46 gpt Au;

Inferred 0.8 million tonnes grading 0.23% Cu and 0.33 gpt Au;

Multiple additional under explored occurrences including Pemberton Hills and NW Expo;

Excellent infrastructure

Adjacent to BHP’s Past Producing Island Copper Mine;

BC power grid and Deep Sea Loading Facility;

Road Access;

Resource community that understands mining.

Page 3: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 3

Financial Overview

As of November 29, 2016

Shares Outstanding 104.9 million

Options Outstanding 5.3 million

Warrants Outstanding – 2,500,00 @ $0.05

2.5 million

Cash CDN $600K

Page 4: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 4

Board of Directors

Dale Corman B.Sc, P.Eng, Chairman

40 years experience as a senior corporate officer of publicly listed companies.

Extensive expertise in mineral exploration & development, financing, property

evaluation and acquisition. Currently Chairman and CEO Western Copper Corp.

Jack McClintock MBA, P.Eng Director,

President and CEO

30 years experience in all facets of the mineral exploration business and

formerly Exploration Manager for BHP Billiton.

David Douglas CA, Director and CFO

Chartered Accountant with over 30 years of experience in the accounting,

corporate finance, and mining industries. He has participated in the sale or

financing of over 30 private and public enterprises with a combined value

of over $300 million.

Brandon Macdonald B.Sc.,

MBA

Brandon completed his MBA at Oxford University in 2007 where he graduated with

Distinction. Also holds a BSc in Geology from UBC. Is a principal with Jing Capital

Corp., a firm specializing in marketing Western Companies in Asia. Previously

worked in investment banking with Macquarie - London Office.

Larry Yau

Larry has 20 years of financial and business experience, gained primarily in the

mining and resources sectors. Most recently, Larry was Chief Financial Officer for

two junior mining companies where he was heavily involved in raising capital and

the successful construction of mines in North America. Previously, Larry was

Manager, Corporate Development, at Placer Dome Inc. until its acquisition by

Barrick Gold Corp. and participated in several high-profile, international

acquisitions. He is a Canadian Chartered Accountant.

Page 5: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 5

Red Dog

Pemberton Hills

NCX Controls an entire Porphyry district Two Known deposits and numerous additional porphyry targets

Page 6: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 6

Hushamu Mineral Resource

Indicated Resource:

Copper: 1.4 Billion lb

Gold: 2.8 Million oz

Molybdenum: 65.7 Million lb

Resource Grade Contained Metal

Tonnes

(x1000)

Copper

%

Gold

g/t

Mo

%

Re

ppm

Cu Eq

%

Copper

B lb

Gold

M oz

Mo

M lb

Re

Kg x

1000

Indicated 304,000

0.21 0.29 .010 0.55 0.45 1.4 2.8 65.7 167.4

Inferred 205,600 0.18 0.26 .008 0.38 0.39 0.8 1.7 34.9 78.1

** Copper equivalent calculated using US$2.50/lb Cu, US$1100/oz Au and US$14.00/lb Mo and is not adjusted for mining and metallurgical recoveries

as these remain uncertain.

Copper cutoff at 0.3% CuEq

Rhenium values have not been used in the cutoff grade or Cu Equivalent calculations

Page 7: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 7

Comparable Resources at Operating British Columbian Mines

0

0.05

0.1

0.15

0.2

0.25

0.3

0.35

0.4

%

Copper %

0

0.05

0.1

0.15

0.2

0.25

0.3

0.35

g/t

Gold %

0

0.1

0.2

0.3

0.4

0.5

0.6

Mt P

olle

y

Hu

cklb

err

y

Co

pp

er

Mtn

.

Mt M

illig

an

Gib

ralta

r

*Hush

am

u

Cu

Eq

%

Copper %

Comparable Operating Mines

Hushamu Deposit

Grades compare well with current operating mines in BC

(Based on Cu Eq at $2.50, $1,100 Au, $14 Mo)

Page 8: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 8 Deposit open to southeast

Hushamu Resource Upside

Holes drilled

down low-grade

vertical dykes

Page 9: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 9

Cross Section Hushamu Deposit

Life of mine strip ration 1.76 to 1

0.56%, 0.05

192m

Cu eq%, Re gpt

interval metres

QFPP intrusive

Copper equivalent based on US$ 2.50/lb copper, $1100 opt gold, $14/lb molybdenum, no value given for rhenium

Page 10: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 10

NW Expo

Pemberton Hills

Red Dog

Deposit

Additional Targets May Add Further Resources

Page 11: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 11

Red Dog Deposit

Category Tonnes %Cu ppm Au %Mo

Indicated 23,633,000 0.32 0.46 0.007

Inferred 848,000 0.23 0.33 .003

50% better grade than Hushamu

10km by road from Hushamu

Source of early stage feed for potential mining operation at Hushamu

Page 12: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 12

Red Dog Deposit

Current

Resource

High Level Alteration

Indicates Buried

Deposit at Depth

Red Dog Alteration Map

Page 13: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 13

Red Dog Deposit Cross Section

Option to earn 100% interest subject to 3% NSR (2% can be purchased for $1M per 1%)

0 200m

Low strip ratio

Page 14: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 14

North West Expo Targets

Soil and rock sampling indicates Red Dog zone continues to IP anomaly

Historical Red

Dog Resource (open to NW)

Hole

abandoned in

Overburden

Untested IP

Anomaly >15mv/v

0.12%Cu &

0.09gpt Au / 176m

Mineralized drill

hole

Non mineralized or

abandoned hole

0.16% Cu & 0.14gpt Au / 61m

Scale 2 Km 0 Km

Slide

Zone

Page 15: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 15

Pemberton Hills Targets

High level alteration indicative of underlying copper porphyry deposit

3.5 by 1.5km area

of high-level Silicification

and Advanced Argillic

Alteration

Deep hole ends in

0.14% Cu

Untested by drilling

Small portion surveyed by

IP is open to South

Silicification

Open IP

Anomaly

Silicification

Area of high-level

porphyry alteration:

Page 16: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 16

Catalyst for Value Creation

Completion of PEA

Finalize metallurgy;

Complete mine plan based on revised Hushamu Resource model and Red Dog resource

Capital and operating cost estimates

Timeline and Cost

Completion of Red Dog metallurgy (January) $ 40,000

Mine Plan (Jan - Feb ) $100,000

Update tailings and Capex and Opex estimates (Jan- Mar) $250,000

Total $390,000

Page 17: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 17

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”

within the meaning of applicable Canadian securities laws. Forward-looking statements and information generally

express predictions, expectations, beliefs, plans, projections, or assumptions of future events or performance and do

not constitute historical fact. Forward-looking statements and information tend to include words such as “may,”

“expects,” “anticipates,” “believes,” “targets,” “forecasts,” “schedules,” “goals,” “budgets,” or similar terminology.

Forward-looking statements and information herein include, but are not limited to, statements with respect to the

completion of the Proposed Arrangement and the expected structure thereof; anticipated shareholder, court and

regulatory approvals; and the expected timing of closing of the Arrangement. All forward-looking statements and

information are based on NorthIsle’s or its consultants' current beliefs as well as various assumptions made by and

information currently available to them. These assumptions include, without limitation that shareholder and court

approvals to the Proposed Arrangement will be obtained in a timely manner, and that regulatory approvals will be

available on acceptable terms. Although management considers these assumptions to be reasonable based on

information currently available to it, they may prove to be incorrect. Forward-looking statements and information are

inherently subject to significant business, economic, and competitive uncertainties and contingencies and are

subject to important risk factors and uncertainties, both known and unknown, that are beyond NorthIsle’s ability to

control or predict. Actual results and future events could differ materially from those anticipated in forward-looking

statements and information. Examples of potential risks are set forth in Northisle's annual report most recently filed

with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators as of the date of

this press release. Accordingly, readers should not place undue reliance on forward-looking statements or

information. NorthIsle expressly disclaims any intention or obligation to update or revise any forward-looking

statements and information whether as a result of new information, future events or otherwise, except as otherwise

required by applicable securities legislation.

John McClintock, P Eng is the Qualified person responsible for the technical content of this presentation

Page 18: A Copper-Gold Producer in the Making - NorthIsle€¦ · A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada December

TSXV: NCX 18

[email protected]

www.northisle.ca

T: 604-638-2515

F: 604-669-2926

15th Floor – 1040 West Georgia Street

Vancouver, BC V6E 4H1