tactical marine solutions ltd

A Marine Management Companywww.tactmarine.com

Tactical Marine Solutions Ltd.

2Applied Knowledge

Arctic Energy Summit 2013Near Arctic Markets

Dermot LoughnaneTactical Marine Solutions Ltd.

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Introduction

• Development database• State of Play• Hurdles to Overcome• Projects• Questions

Development Database

• TMS development database– Coverage– Currency• Newsfeeds• Media departments• Industry groups

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Projects in Development

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Canadian/American Arctic

State of Play

• Oil and Gas– Time for a time out• Mining– Softly, softly catches the monkey– Greenland still going ahead

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Hurdles to overcome

• Oil and Gas– perception and fracking• Mining– Pricing

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Baffinland/Mary River

• Development– Mine

• Type– Iron ore

• Name– Mary River

• Area– Qikiqtaaluk/Baffin

• Shipping– Suezmax export, resupply, July/October

• Status– Benefits agreement signed, construction announced

• Commencement– 2015?

• Source– Company/company site

• Initial mining, trucking and shipping of 3.5m tonnes• Goal to eventually increase to 18m tonnes• Supramax, Panamax and post Panamax

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Oceanic/Hopes Advance



• Name– Hopes Advance

• Area– Ungava Bay/N Quebec

• Shipping– Year round/transhipment/Capesize

• Status– Pre-feasibility/shipping optimisation


• Source– Company/company site

• 1.36b tonnes of p&p iron ore• Product optimisation study completed• Shipping optimisation study completed

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Westar/CSCC


• Type– Coal

• Name


• Shipping– Unknown

• Status– Early development

• Commencement– Not found

• Source– http://www.weststarresources.com/s/NunavutCoal.asp

• A very long shot given the shipping required and the commodity being shipped.

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Advanced Ex./Roche Bay



• Name– Roche Bay


• Shipping– Arctic Class 3 Panamax export– 8-9 month window– Transhipment options

• Status– Signed agreement with Logistec on shipping


• Source– Company– www.advanced-exploration.com

• LNG power on site?

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Canadian Royalties/Nunavik Nickel


• Type– Nickel

• Name– Nunavik Nickel

• Area– Nunavik

• Shipping– Signed contract with Fednav for new version of Umiak

• Status– Signed agreement with Inuit 2009– Building camp onsite

• Commencement

• Source– http://www.canadianroyalties.com/

• Taken over by Jilin Jien Nickel Industry Co. Ltd. in 2010• Toronto private business bank Forbes and Manhattan

took control of the project July 19

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MMG/Izok Corridor Project


• Type– Lead/zinc/copper

• Name– Izok Lake

• Area– Kitikmeot

• Shipping– Panamax export, resupply– Open water/shoulder scenario

• Status– New feasibility review


• Source– Company/web

• Will now be Izok, High Lake and Hood river• 650,000 tonnes per year of concentrate• The Company initiated a definitive feasibility study in 2012 which is expected

to take 18-24 months and represents an investment of over US$50 million

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MMG/Izok Lake

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Coronation Gulf PortsProject Owner(s) Commodity Status Hackett River XStrata Zinc Canada Zinc, Silver,

Copper, Lead Prefeasibility Study initiated in September, 2012; Submission of DEIS scheduled for Q3, 2013.

Back River Sabina Gold & Silver Corp.

Gold Plans to file DEIS by end of 2013.

Updating Back River resource calculation

ULU & Lupin Elgin Mining Inc. Gold Elgin plans to complete updated preliminary economic assessment in 2013. Mine’s water licence up to date.

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TMAC/Doris/Hope Bay


• Type– Gold

• Name– Doris/Hope Bay

• Area– Kitikmeot

• Shipping– Resupply likely

• Status– Recently purchased

• Commencement– Unknown

• Source– Google

• Only purchased lately from Newmont Mining, private company• Newmont requests NIRB to confirm transfer of Project

Certificate to TMAC on February 4, 2013.

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ASRC/Coal


• Type– Coal

• Name

• Area– Pt Lay/Pt Hope

• Shipping– Export

• Status– “ASRC seeks a development company to explore and develop its

coal deposits located on its lands in the western Arctic.”• Commencement

– Unknown• Source

– http://www.asrc.com/Lands/Pages/Coal.aspx

• 2 billion tons of ultra low sulfur coal within 6 miles of tidewater

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Shell/Chukchi

• Development– O&G

• Type– Petroleum

• Name– Burger

• Area– Chukchi

• Shipping– Too early to tell

• Status– Initial top hole work - no recent well completion.


• Source– Company

• “Royal Dutch Shell plc (“Shell”) today announced it will pause its exploration drilling activity for 2013 in Alaska’s Beaufort and Chukchi Seas to prepare equipment and plans for a resumption of activity at a later stage”

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Shell/Beaufort



• Name– Sivullik

• Area– US Beaufort

• Shipping– Unknown

• Status– Paused,initial top hole drilling - no recent well completion



• “Royal Dutch Shell plc (“Shell”) today announced it will pause its exploration drilling activity for 2013 in Alaska’s Beaufort and Chukchi Seas to prepare equipment and plans for a resumption of activity at a later stage”

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Statoil/Chukchi



• Name– Amundsen

• Area– Chukchi

• Shipping

• Status– Seismic and seabed surveys completed

• Commencement– Not before 2015


• Seismic complete - recently announced delay until 2015 for any drilling

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Conoco Phillips/Chukchi



• Name– Devils Paw

• Area– Chukchi

• Shipping

• Status– Paused until after 2014

• Commencement


• “Waiting for the regulatory environment to gain some clarity”

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Conoco Phillips/Beaufort



• Name– Amauligak

• Area– Canadian Beaufort

• Shipping– Likely to be high ice class tankers

• Status– Midst of first 3 year study

• Commencement– 15+ years


• Largest oil discovery in the Canadian Arctic (235 mmbbl and 1.6 tcf)

• 35% owned by Chevron (non-operating)

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Conoco Phillips/Beaufort

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Imperial Oil/BP/Beaufort



• Name– Ajurak/Pokak


• Shipping

• Status– Applied to commence drilling


• Source– Preliminary information package– Google and interviews

• 175 kms NW of Tuktoyaktuk• 1500 metres deep

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Chevron/Beaufort



• Name– EL-481


• Shipping– Likely to be high ice class tankers

• Status– 3D seismic acquired in 2012

• Commencement– 20+ years

• Source– Company and interviews

• Statoil farmed in 2011, now 40%

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Greenland

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NAN/Maniitsoq


• Type– Nickel

• Name– Imiak

• Area– SW Greenland

• Shipping– Export and resupply likely

• Status– Ongoing feasibility


• Source– www.northamericannickel.com/projects/greenland/maniitsoq/

default.aspx

• On September 12 2013, the Company announced a new discovery with drill hole MQ-13-029.

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GME/Kvanefjeld


• Type– Rare earths (uranium)

• Name– Kvanefjeld

• Area– SW Greenland

• Shipping– Export and resupply likely

• Status– Waiting for gov’t decision


• Source– www.ggg.gl/projects/kvanefjeld-rees-uranium-zinc/feasibility-

program/

• Project overall resource inventory: 956 Mt• Largest repository of rare earths outside of China

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Ironbark/Citronen


• Type– Zinc and lead

• Name– Citronen

• Area– NE Greenland

• Shipping– Ice class tug and barge

• Status– Feasibility and shipping study completed


• Source– Company and website

• Annual production anticipated of 250,000 tonnes of zinc concentrate and 30,000 tonnes of lead concentrate

• Citronen Project's Feasibility Report was completed in April 2013, very positive 32% ROI

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Shell/Greenland Oil

• Shell– 2012 Program

• 3D seismic acquisition• Shallow coring

– 2013 Program• Decision pending

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Cairn/Greenland Oil

• Cairn Energy– Drilling to recommence in

summer 2014

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Contact Us

Tactical Marine Solutions Ltd.4906 Alamida CrescentVictoria, B.C. V8T 2C1 Canada

Phone: +1 (250) 388-7882+61 (2) 8014-7216

Fax: +1 (604) 909-4675Email: [email protected]: www.tactmarine.com

tactical marine solutions ltd

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