TSXV: NAR TSXV:NAR Canada’s Most Active Diamond Explorer March 2018
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 January 1, 2018 Capitalization Corporate Highlights Listing: TSX Venture – NAR Issued: 76.2 M Options: 6.5 M Warrants: 21.0 M ( 20 M at $0.40) Fully diluted: 103.7 M Estimated Working Capital: ~$2.2 M M ain Shareholders Management and Directors ~15.7% Zebra Holdings and Investments ~12.5% Electrum Strategic Opportunities Fund ~10.5% Ross Beaty ~10.5% 3
CORPORATE OVERVIEW - PEOPLE D. Grenville Thomas (Chairman) Founder of Aber (now Dominion Diamond), discoverer of the Diavik Diamond Mine. 2009 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. 4
DIAMOND DISCOVERIES: A CANADIAN LEADER North American Diamond Exploration 2 Kimberlite and related rocks Pre-1981 1981-2012 1 2013-2017 • Five kimberlite fields discovered in the last five years • North Arrow has made two of them; (1) Pikoo and (2) Mel • Both significantly diamondiferous J:\1Maps\NorthAmerica\CanadaDEM\DEM 5
CORPORATE OVERVIEW – PROJECTS Assessing a known kimberlite or Advanced Stage diamond deposit 1. Naujaat (100%) diamond results pending; 2018 drilling & bulk sample Next stage of diamond exploration Discovery Stage could lead to discovery 1 1 1 1. Mel (100%) 2017 discovery; 2018 drilling EKATI 2. Loki (100%) March 2018 drilling DIAVIK 5 GAHCHO 3. LDG (JV w Dominion ) 2018 drilling KUE 4. Pikoo (100% ) NAR discovery; pending tills 5. Luxx (100%) Permitted & drill ready 4 Grassroots Target development RENARD 1. Timiskaming (JV w SWY) 1 VICTOR Brownfields Gold Within 3km of TMAC’s Doris Mine; 1. Hope Bay (100%) similar geology and structures. 6 EXISTING DIAMOND MINE
NAUJAAT PROJECT – TICKS ALL THE BOXES Q1-4 Jurisdiction kimberlite Near tide water Reduced freight costs Large tonnage ~48 Mt down to 205m below surface Good inferred resource* grade ~50 cpht; ~26M contained carats Blue sky potential 15 additional kimberlites for evaluation Low strip ratio ~2:1 Naujaat Unique diamond value proposition Proposed road route 7 * CAUTION – Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability
VALUING ORANGEY YELLOW DIAMONDS Q1-4 contains a unique population of valuable fancy orangey yellow diamonds Polishing and Valuation • Certified* fancy orangey yellow diamonds - desirable to the gem/jewelry trade • Round brilliant cuts - maximize brilliance with no impact on colour • ‘Fancy Vivid’ colours – highest & most valuable colour saturation HIGHER VALUE Fancy coloured diamonds can be valued at a premium to white diamonds of comparable size, cut and clarity More diamonds needed Significant potential upside for Q1-4 prices 8 *colour certification by Gemological Institute of America (GIA) & Canadian Gem Labs (CGL)
Q1-4: 2017 MINI-BULK SAMPLE 9
2017 MINI-BULK SAMPLE RESULTS Issued February 28 th , 2018 Q1-4 Pipe Approximate Surface Trace • 64.25 carats (> +1DTC) from 210 tonnes for an overall sample grade of 30.6 cpht. Three largest recovered diamonds: 5.25, 2.09 and 1.06 carats. • • A88 volcaniclastic phase shows similar proportion of yellow 2017 sample diamonds as seen in 2014 bulk sample of the A28 phase. location # of Sample Proportion Yellow Sample Weight Carats Diamonds 1 Diamonds Grade (Dry tonnes) (+1 DTC) (cpht 2 ) By Stones By Carats C1 27.06 344 8.46 31.2 2.6% 3.1% C2 (A88) 51.73 467 12.99 25.1 9.9% 9.9% C3 131.04 1,180 42.80 32.6 11.6% 28.2% C1+C2+C3 3 209.84 1,991 64.25 30.6 10.7% 21.2% A282014 4 1,353.3 11,083 384.28 28.4 9.0% 21.5% 1 includes very pale to pale to intense/dark yellow + green yellow diamonds; same colour breakdown as undertaken for sample A282014. 2 carats per hundred tonnes 10 3 total 2017 Pit C sample determined by arithmetic 4 As reported in North Arrow news release dated May 5, 2015.
2017 Q1-4 DELINEATION: A28 PHASE Looking South • Hole 17Q-006 collared into kimberlite 103 m earlier than model predicted; significant near- surface expansion • Hole 17Q-007 exited kimberlite 117 m later than modeled Looking West A A’ A’ B B’ A 2017 drill holes on 2013 resource model 11
2017 Q1-4 DELINEATION: A48 & A88 PHASES Looking South • Hole 17Q-004 ended in kimberlite expanding the model at depth to the east • Hole 17Q-004 also entered kimberlite 43 meters earlier than modeled • Hole 17Q-003 also ended in kimberlite below and outside of the current model Looking North B B’ A’ B B’ A 2017 drill holes on 2013 resource model 12
Q1-4: 2017 DRILLING & SAMPLING 210 tonne mini-bulk sample – diamond results released Feb. 28 th , • 2018 • 3,469 m drilled in 11 holes (2,440m of kimberlite) • Size/extent of Q1-4 at depth (205 m to 305 m) confirmed • Potential to upgrade TFFE and add significant mineral resources below 205m • >10,000 kg kimberlite core sampled for microdiamonds, mineral chemistry & petrography to support a new geological model • Planning/permitting for ~10km access road • 2018 drilling , bulk sampling, road permitting/construction 13
MEL – NEW CANADIAN DIAMOND DISCOVERY East central Melville Peninsula 18 km from ocean; 140 km south of Hall Beach; 210 km northeast of Naujaat Kimberlite (& Diamonds!) discovered September 2017 2018 drilling – all permits in place Mel Project Property expanded to >56,000 ha 14
MEL NORTH EXPLORATION: 2013 to 2017 At least three distinct indicator trains Pre-2013: Up to ~10 KIMs 2013 & 14: Extended Train up ice; up to 23 KIMs 2015: >200 samples Up to +200 KIMs 2016: Historic Data and 111 samples NAR 2013-2016 Train is cut-off pyrope garnet +1,300 KIMs means eclogitic garnet close to source! pyrope chromite 2017: chrome diopside ML-8 Kimberlite barren sample Discovery of ML-8 discovery kimberlite 15
ML-8 KIMBERLITE DISCOVERY 100 m long by 10 m wide area with float in moss & boulder piles 16
ML-8 KIMBERLITE – POLISHED HAND SAMPLES 1 cm Garnet & Olivine Macrocrysts 1 cm Micro-xenolith: garnet in olivine macrocryst 17
ML-8 MICRODIAMOND RESULTS COMPARISON Mel Project: ML-8 Kimberlite SPTUI* vs Aviat (AV-1) and Q1-4 1E+09 100000000 10000000 Aviat (946kg) 1000000 Q1-4 (321kg) 100000 ML-8 (62 kg) 10000 1000 Number of Diamonds per Sieve Size (mm Square Mesh Sieve) Sample +0.106 +0.150 +0.212 +0.300 +0.425 +0.600 +0.850 Total 100 Weight -0.150 -0.212 -0.300 -0.425 -0.600 -0.850 -1.18 Stones Dry Kg 10 62.1 9 3 5 4 0 1 1 23 1 0.00001 0.0001 0.001 0.01 0.1 1 18 *Stones per tonne per Unit Interval
MEL - 2018 POTENTIAL DRILL TARGETS ML-8 ML6 and ML7: large “Pipe”-like targets Sample yielded >1,300 KIMs Vertical Gradient Colour Grid 19
MEL PROJECT – PROXIMITY TO TIDE WATER! ML-8 OCEAN ML- 1 ML-9 EXPLORATION DRILLING: ML-3 JUNE/JULY 2018 20
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