The New Player in Nickel “The New Player in Nickel” March 18, 2013 NNX – TSX Venture Exchange
FORWARD LOOKING STATEMENTS Certain statements herein may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information appears in a number of places and can be identified by the use of words such as “intends” or variations of such w ords and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward- looking information includes statements regarding the Company’s exploration and development plans with respect to its properties and are subject to such forward- looking risks, uncertainties and other factors which may cause the Company’s actual results, performance or achi evements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such risks include commodity price volatility, change in equity markets, the uncertainties involved in interpreting geological data, increase in costs and exchange rate fluctuations, permitting and environmental risks and other risks involved in the exploration and development industry. There can be no assurance that forward-looking information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of Nickel North Exploration. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein are qualified by this cautionary statement. The Company does not undertake to update such forward-looking information except in accordance with applicable securities laws. A feasibility study has not been completed for any projects discussed in this presentation and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable. Phillip Mudry, P. Geol., the Com pany’s Qualified Person as defined by National Instrument NI 43-101, has reviewed and approved the technical information contained in this presentation. Historical Resources Historical estimates made in this presentation are non-compliant with NI 43-101. Readers are cautioned that the Hawk Ridge project is at an early stage of development and that all estimates and projections are based on limited and incomplete data. Additional work is required before the mineralization and economic aspects of these projects can be confidently modeled. No representation or prediction is intended as to the results of future work, nor can there be any promise that any estimates herein will be confirmed by future exploration or analysis, or that the projects will prove to be economic.
3 Investment Highlights • New investment vehicle – listed on TSX-V on August 9, 2012 • Expert management with strong backers from China and Canada • Flagship Hawk Ridge Ni-Cu-PGE Project controlled 100% • Excellent logistics - situated on tidewater (Ungava Bay) and near airport in a top mining jurisdiction, Quebec. • Completed a very successful 2012 exploration program – aerial survey, geophysics, diamond drilling and reassaying • New high-grade discovery reveals sulphide enrichment similar to that observed at Voisey’s Bay and other magmatic sulphide deposits. • Planning a much larger drilling program in 2013
4 Board and Management Dr. Jingbin Wang, PhD - Chairman and Director Geologist with 24 years experience in mineral exploration; Director of China Nonferrous Metals Resource Geological Survey; President of the Beijing Institute of Geology for Mineral Resources; Chairman of Sinotech Minerals Exploration Co., Chairman of Silvore Fox Minerals Corp., Chairman of Canaco Resources Corp. Richard Barclay, Director Over 40 years experience in mining sector including as founder and/or senior executive roles with Adriana Resources (JV with WISCO); Nevada Pacific Gold (merged with US Gold), Eldorado Gold Corp.; and Bema Gold Corp. (merged with Kinross Gold).
5 Board and Management Phillip Mudry, P. Geol., President and Chief Executive Officer Over 35 years experience as an economic geologist in mining exploration, directed and managed junior mining companies and exploration teams to new deposit discoveries including the Meadowbank and Meliadine gold deposits in the Territory of Nunavut. Walter Coles, Jr., B.A. Director President, CEO and Director of Anthem Resource Inc. (TSXV:AYN) and director of Virginia Energy Resources Inc. (TSXV:VUI) ; former equity and bond analyst with Cadence Partners and UBS in New York. Anna Mao, MBA, Director (TBA) 20 years experience in finance and public companies. Graduated from Beijing Institute of Technology University and obtained an MBA from Richard Ivey Business School. Former CEO of Worldtex Capital Resources
6 Board and Management Michael Cathro, M.Sc., P. Geo., Director Director of Happy Creek Minerals Ltd. (TSXV: HPY.V) and the VP of Exploration for Virginia Energy Resources Inc. Over 30 years experience as an exploration geologist and manager; led the government team that completed the technical permitting and aboriginal consultation for the New Afton copper-gold mine. Min Kuang, M.B.A., Director 15 years experience in managing public companies, mergers and acquisitions, business development, and investment management; CEO and Director of Urban Select Capital Corp. (TSXV:CH) and the director of Huazhong Holdings Limited (6830.HK) Dr. Hancheng Zhang, Vice President of Exploration 21 years experience in mineral exploration; held senior geologist roles with large multinationals such as BHP Billiton. Dr. Hancheng is a senior geologist of Beijing Donia Resources Co. Ltd.
7 Special Advisors Dr. Larry Hulbert, P. Geo., Advisor Over 40 years experience in Ni-Cu-PGE exploration metallogenic with Geological Survey of Canada, Institute for Geological Research on the Bushveld Complex, Sherrit-Gordon Ltd., and several junior companies; recipient of Barlow Medal from CIM. Ronald Netolitzky, M.Sc., Advisor Over 40 years of experience in mining exploration. Acknowledged as a successful mine finder and developer with Snip, Eskay Creek, Brewery Creek and Gualcamayo gold mines to his credit. Director and senior executive roles with numerous companies.
Type Number Exercise Proceeds* 10,255,126 $0.35 (Yr. 1) Warrants $ 3.59 Mil 2 - Year $0.60 (Yr. 2) 6.15 Mil Options 5 2,200,000 $0.20 $ 440,000 Year * Proceeds are theoretical in nature and have NOT been and may never be realized Current Share Capital Trading Symbol NNX - TSX-Venture Exchange Shares Outstanding 32,920,405 Warrants (2 years) 10,255,126 2,200,000 Incentive Options (5 years) Shares Fully Diluted 45,375,531 Escrowed 21,510,059 Held by Insiders 66.3%
Type Number Exercise Proceeds* 16,070,963 $0.35 (Yr. 1) Warrants $ 5.62 Mil 2 - Year $0.60 (Yr. 2) 9.64 Mil Options 5 2,200,000 $0.20 $ 440,000 Year * Proceeds are theoretical in nature and have NOT been and may never be realized Post $2 Million Financing and Share Conversion Share Capital* Trading Symbol NNX - TSX-Venture Exchange Shares Outstanding 47,052,080 Warrants (2 years) 16,070,963 2,200,000 Incentive Options (5 years) Shares Fully Diluted 65,323,043 Escrowed 21,510,059 Held by Insiders 80.4% * See February 19 th , 2013 news release
Type Number Exercise Proceeds* 16,070,963 $0.35 (Yr. 1) Warrants $ 5.62 Mil 2 - Year $0.60 (Yr. 2) 9.64 Mil Options 5 2,200,000 $0.20 $ 440,000 Year * Proceeds are theoretical in nature and have NOT been and may never be realized Post $4 Million Financing Share Capital* Trading Symbol NNX - TSX-Venture Exchange Shares Outstanding 60,385,413 Warrants (2 years) 16,070,963 2,200,000 Incentive Options (5 years) Shares Fully Diluted 78,656,376 Escrowed 21,510,059 Held by Insiders 73.7% ( assuming insiders take 50% of $4M financing) * See February 19 th , and March 7 th , news releases
11 Hawk Ridge Part of the Circum-Superior Ni-Cu Sulphide Belt Hawk Ridge Voisey ’ s Bay (2003) Raglan District (2003) 17.7mt @ 2.86% Ni + PGE 30Mt @ 3.02% Ni Thompson District (2002) >250Mt @ 2.14% Ni + PGE Circum- Superior Ni, Cu Belt WL Sudbury 207Mt @ 1.28% Ni
12 Low-Risk Strategy – Extraordinary Opportunity • Single Project : Disciplined, focused approach for Ni-Cu-PGE resources • Low-risk targets : Define large tonnage of intermediate-grade, open-pit Ni- Cu-PGE resources on tide water in a top-ranked mining jurisdiction. • High-reward targets : Utilizing the expertise and experience of our world class team in magmatic Cu-Ni-PGE geology and modern geophysics to explore for the new high grade discovery “ Raglan-type ” and “ Thompson- style ” deposits. • Initial goal: Economic feasibility on a open-pit deposit for Ni, Cu, Co, Pt, Pd, & Au. Hopes Advance Main Zone
13 Hawk Ridge Ni-Cu-PGE Sulphide District • Nickel North controls 100% of Hawk Ridge • Claim block is 18,700 hectares and 50 km long; entire district held • Discovered 1961; > 30 prospects explored by various companies • Property acquired in late 90’s by our 2 nd largest shareholder (Anthem) • Several hundred historical holes; extensive database and core Hopes Advance Main Zone Hopes Advance North Zone
Recommend
More recommend
