TSXV: NAR TSXV:NAR Canada’s Most Active Diamond Explorer Corporate Presentation for Investors Diamond Session PDAC March 4, 2019
CAUTIONARY STATEMENT 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 and plans and objectives of North Arrow Minerals Inc. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof and Forward the need for adequate financing for future exploration and development efforts. There Looking can be no assurance that such statements will prove to be accurate. Actual results and Information future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward looking statements should circumstances or management's estimates or opinions change. Disclosure of a scientific or technical nature related to North Arrow’s projects in this Qualified presentation has been reviewed and approved by Ken Armstrong, P.Geo. President and Person under CEO of North Arrow and a Qualified Person under NI 43-101. NI 43-101 2
CORPORATE OVERVIEW *as of October 31 st , 2018 Capitalization Corporate Listing: TSX Venture – NAR Highlights Issued: 92.8 M Options: 8.9 M Warrants: 26.5 M ( 20 M at $0.40) Fully diluted: 128.2 M Estimated Working Capital: ~$1.3 M M ain Shareholders Management and Directors ~16.1% Zebra Holdings and Investments ~10.4% Electrum Strategic Opportunities Fund ~8.6% Ross Beaty ~8.6% 3
CORPORATE OVERVIEW - PEOPLE D. Grenville Thomas (Chairman) Founder of Aber (now Dominion Diamond), discoverer of the Diavik Diamond Mine; Canadian Mining Hall of Fame inductee. Ken Armstrong P.Geo.(ON) (President, CEO, Director and Qualified Person under NI 43-101) Diamond exploration and evaluation experience with Diavik, Aber, De Beers, Navigator, and Stornoway. Christopher Jennings (Director) Founder of SouthernEra, consultant to Aber; formerly with International Corona Corp., BP Minerals (Canada) and Falconbridge. Management Blair Murdoch (Director) More than thirty years experience in senior management of private and public companies. Highlights Eira M. Thomas (Advisor) Extensive diamond exploration and development experience in Canada and Africa; Founder, CEO & director of Lucara; Former officer and director of Aber; Founder of Stornoway; Currently director of Suncor. William Lamb (Advisor) Former CEO of Lucara, 20+ years project development experience with Lucara, De Beers, Kvaerner and Rand Mines. Allison Rippin Armstrong (Advisor) 20+ years CSR experience; Ex-Kaminak Gold. 4
DIAMOND DISCOVERIES: A CANADIAN LEADER North American Diamond Exploration 2 Kimberlite and related rocks Pre-1981 1981-2012 1 2013-2018 • Six kimberlite fields discovered in the last six years • North Arrow discovered two of them: (1) Pikoo & (2) Mel; the only junior explorer to make a discovery in that period • Both significantly diamondiferous J:\1Maps\NorthAmerica\CanadaDEM\DEM 5
CORPORATE OVERVIEW – PROJECTS Assessing a known kimberlite or Advanced Stage diamond deposit 1. Naujaat (100%) Significant diamond inventory; potential value upside: fancy orange-yellow diamonds Next stage of diamond exploration Discovery Stage could lead to discovery 8 2 1 2. Mel (100%) Kimberlite Field discovery EKATI 3. Loki (100%) Kimberlite 465 discovered 2018; DIAVIK 6 1 st Lac de Gras discovery in > 5 years GAHCHO KUE 4. LDG (JV w Dominion ) 2019 drilling & sampling 5. Pikoo (100% ) Kimberlite Field discovery 6. Luxx (100%) Permitted & drill ready 5 Grassroots Target development RENARD 7 VICTOR 7. Timiskaming (JV w SWY) Within 3km of TMAC’s Doris Mine; Brownfields Gold similar geology and structures 8. Hope Bay (100%) EXISTING DIAMOND MINE
CORPORATE OVERVIEW – PROJECTS Assessing a known kimberlite or Advanced Stage diamond deposit 1. Naujaat (100%) Significant diamond inventory; potential value upside: fancy orange-yellow diamonds 1 EKATI DIAVIK GAHCHO KUE RENARD VICTOR 7 EXISTING DIAMOND MINE
NAUJAAT PROJECT – TICKS ALL THE BOXES Q1-4 Kimberlite Jurisdiction Clear permitting path in Nunavut Near tide water Freight costs 50% of NWT diamond mines Large tonnage ~48 Mt down to 205m below surface Low strip ratio <3:1 vs >10:1 for NWT diamond mines Significant diamond inventory* NAR Laydown ~26M contained carats; ~50cpht Blue sky potential 15 additional kimberlites for evaluation Unique diamond Proposed Community Naujaat value proposition Access Trail 8 * CAUTION – Inferred Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability
Q1-4 DIAMOND DEPOSIT: STATUS 2015 WWW Diamond Valuation based on 384 carats recovered from ~1,350 t $92 per carat modelled “possible high” | $43 per carat modelled “possible low” Primary WWW Conclusions from the 2015 Valuation: • Parcel too small • Yellow diamonds were considered of little interest Q1-4 “run of mine” from 2014 sample; +9DTC and above. 2016 – Commenced two phase approach to show value upside of Q1-4 diamonds : 1) Cutting/polishing of yellow diamonds 2) Analysis of diamond size frequency distributions (SFD ) 9
Q1-4 DIAMOND PROJECT: STATUS How the project advanced (2015 to present): 1. Cut & Polished Yellow Diamonds: Certified by GIA as fancy vivid orangey yellow diamonds • • Desirable to the gem/jewelry trade 10
Q1-4 DIAMOND PROJECT: STATUS How the project advanced (2015 to present): 1. Cut & Polished Yellow Diamonds: Certified by GIA as fancy vivid orangey yellow diamonds • • Desirable to the gem/jewelry trade 2. Nitrogen aggregation studies show the yellow and white diamonds distinct populations 11
Q1-4 DIAMOND PROJECT: STATUS How the project advanced (2015 to present): 1. Polished Yellow Diamonds: Certified by GIA as fancy vivid orangey yellow diamonds • • Desirable to the gem/jewelry trade Potential value upside is Q1-4 Grade/Size Curve Comparative Curves based on SFD alone; 2. Nitrogen aggregation studies show the yellow and white does not take into diamonds distinct populations account the fact that the Total Parcel yellow diamonds are 3. Yellow diamonds show a much coarser size frequency fancy colours, worth a distribution (SFD) implying potential for higher abundance premium price, and of of yellow diamonds in coarser sizes interest to high fashion jewelry trade 4. 2015 possible low to high model prices applied to the coarse yellow SFD scenario results in low to high price range of ‘Dark Yellow’ $60 to $220 per carat only 5. At this price the project is very attractive 12
Q1-4 DIAMOND PROJECT: STATUS How the project advanced (2015 to present): 1. Polished Yellow Diamonds: Certified by GIA as fancy vivid orangey yellow diamonds • • Desirable to the gem/jewelry trade Potential value upside is based on SFD alone; does not take into account the fact that the yellow diamonds are fancy colours, worth a premium price, and of interest to high fashion jewelry trade 4. 2015 possible low to high model prices applied to the coarse yellow SFD scenario results in low to high price range of $60 to $220 per carat 5. At this price the project is very attractive 13
Q1-4 - LARGE TONNAGE, EASY ACCESS Q1-4 looking southwest: 12.5 ha kimberlite • Easy surface access to A28, A61 & A88 phases • Current Q1-4 resource ~48Mt to 205m depth Modelling • suggests ~700m extending the resource to 300m depth could result in ~200m strip ratio < 3:1 • 2017 drilling extended Q1-4 below 300m 14
Q1-4 DELINEATION DRILLING Looking North B B’ 0 m • Several deep drill holes remained in kimberlite 100 m >100m beyond the current model and well below 300m from surface. 200 m Current TFFE 300 m A’ Looking West A A’ 0 m B B’ 100 m 200 m A Current TFFE 300 m 2017 drill holes on 2013 resource model 15
Q1-4 10,000 TONNE BULK SAMPLE PLAN Q1-4 Kimberlite NAR Laydown Area 16
NAUJAAT PROJECT – WAY FORWARD Community Access Trail Community led initiative: • Entirely within municipal boundary • Community involved in route selection • Permitting underway Economic & Cultural opportunities: • Economic diversification - i) Access to aggregate ii) Access to carving stone iii) Tourism (outfitters; Parks Canada) iv) Evaluation of Q1-4 • Safer access to the land for traditional land use activities and education Funding: • Opportunities for government funding Timeline: Start construction in 2019 17
Recommend
More recommend
