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Nar 2018 05-15 corporate presentation w may 23 changes(website-small)
North Arrow Minerals Inc. is a leading Canadian diamond exploration company, having discovered two new kimberlite fields, Mel and Pikoo, over the past five years. The company is actively engaged in multiple projects with significant diamond inventory and is preparing for extensive drilling programs in 2018. Risks and uncertainties regarding mineralization and financial requirements for future exploration are acknowledged, and projections provided are forward-looking statements from management.
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Nar 2018 05-15 corporate presentation w may 23 changes(website-small)
- 1. TSXV:NARTSXV: NAR May 2018 Canada’sMost Active Diamond Explorer
- 2. This presentation containsprojections 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 the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and 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. 2 CAUTIONARY STATEMENT Forward Looking Information Qualified Person under NI 43-101 Disclosure of a scientific or technical nature related to North Arrow’s projects in this presentation has been reviewed and approved by Ken Armstrong, P.Geo. President and CEO of North Arrow and a Qualified Person under NI 43-101.
- 3. CORPORATE OVERVIEW– estimatedas of May 1, 2018 Capitalization Listing: TSX Venture – NAR Issued: 76.2 M Options: 6.5 M Warrants: 20.5 M (20 M at $0.40) Fully diluted: 103.2 M Estimated Working Capital: ~$0.5 M Main Shareholders Management and Directors ~15.7% Zebra Holdings and Investments ~12.5% Electrum Strategic Opportunities Fund ~10.5% Ross Beaty ~10.5% Corporate Highlights 3
- 4. 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. Blair Murdoch (Director) More than thirty years experience in senior management of private and public companies. 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. CORPORATE OVERVIEW - PEOPLE Management Highlights 4
- 5. • Six kimberlitefields discovered in the last five 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:1MapsNorthAmericaCanadaDEMDEM Kimberlite and related rocks Pre-1981 1981-2012 2013-2017 DIAMOND DISCOVERIES: A CANADIAN LEADER North American Diamond Exploration 5 1 2
- 6. CORPORATE OVERVIEW –PROJECTS EXISTING DIAMOND MINE 6 Grassroots 7. Timiskaming (JV w SWY) 7 DIAVIK EKATI VICTOR RENARD GAHCHO KUE Discovery Stage 2. Mel (100%) Kimberlite Field discovered 2017 3. Loki (100%) Kimberlite discovered March 2018; 1st Lac de Gras discovery in > 5 years 4. LDG (JV w Dominion) 2018 drilling ongoing 5. Pikoo (100%) 10 kimberlites discovered to date; high grade potential 6. Luxx (100%) Permitted & drill ready Advanced Stage 1. Naujaat (100%) Significant diamond inventory; potential value upside: fancy orange-yellow diamonds Assessing a known kimberlite or diamond deposit 8 Brownfields Gold 1 8. Hope Bay (100%) Next stage of diamond exploration could lead to discovery 2 5 6 Target development Within 3km of TMAC’s Doris Mine; similar geology and structures
- 7. CORPORATE OVERVIEW –PROJECTS EXISTING DIAMOND MINE 7 DIAVIK EKATI VICTOR RENARD GAHCHO KUE Discovery Stage Mel Project (100%) 2 2
- 8. East centralMelville Peninsula 18 km from ocean; 140 km south of Hall Beach; 210 km northeast of Naujaat Sub-crop of Kimberlite (& Diamonds!) discovered September 2017 by prospecting 2018 drilling – Camp and drill mobilization underway MEL – NEW CANADIAN DIAMOND DISCOVERY 8 Mel Project
- 9. MEL PROJECT –TILL SAMPLING ML-8 Kimberlite Two distinct areas of focus: Mel North Mel South Mel North: Well defined KIM train Mel South: More challenging ice history Quaternary study is underway Arctic Ocean Total Kimberlite Indicator Minerals Mel Property Landing Strip Barren Sample Kimberlite
- 10. MEL NORTH EXPLORATION:2013 to 2017 10 Historic Data and NAR 2013-2016 At least three distinct indicator trains / source areas pyrope garnet eclogitic garnet Ilmenite chromite chrome diopside ML-8 Kimberlite discovery barren sample >200 samples Up to +200 KIMs Up to ~10 KIMs Pre-2013: 2013 & 14: Extended Train up ice; up to 23 KIMs 111 samples Train is cut-off +1,300 KIMs means close to source! Discovery of ML-8 kimberlite 2015: 2016: 2017:
- 11. Micro-xenolith: garnet in olivinemacrocryst 11 Garnet & Olivine Macrocrysts ML-8 KIMBERLITE – GOOD MANTLE SAMPLE 1 cm 1 cm
- 12. 1 10 100 1000 10000 100000 1000000 10000000 100000000 1E+09 0.00001 0.0001 0.0010.01 0.1 1 ML-8 kimberlite SPTUI* vs Naujaat (Q1-4) A28 (321kg) Mel (62 kg) ML-8 MICRODIAMOND RESULTS 12 Number of Diamonds per Sieve Size (mm Square Mesh Sieve) Sample Weight Dry Kg +0.106 -0.150 +0.150 -0.212 +0.212 -0.300 +0.300 -0.425 +0.425 -0.600 +0.600 -0.850 +0.850 -1.18 Total Stones 62.1 9 3 5 4 0 1 1 23 *Stones per tonne per Unit Interval Small sample but flat curve is a good start!
- 13. Vertical Gradient Colour Grid MEL- 2018 POTENTIAL DRILL TARGETS 13 ML6 and ML7: large “Pipe”-like targets Sample yielded >1,300 KIMs ML-8
- 14. Vertical Gradient Colour Grid MEL- 2018 POTENTIAL DRILL TARGETS 14 ML6 and ML7: large “Pipe”-like targets
- 15. MEL PROJECT –PROXIMITY TO TIDE WATER! 15 ML-3 ML-9 ML- 1 OCEAN ML-8 EXPLORATION DRILLING: July/August 2018 Camp & Drill mob is underway
- 16. EXISTING DIAMOND MINE16 DIAVIK EKATI VICTOR RENARD GAHCHO KUE Discovery Stage Loki Project (100%) 3 LDG Project (JV w Dominion; ~35% NAR) 4 LAC DE GRAS PROPERTIES
- 17. LAC DE GRASPROPERTIES 17 • 8,607 ha; 100% NAR • Discovered new kimberlite in March 2018 - First kimberlite discovery at Lac de Gras since 2012! • Diamondiferous EG05 kimberlite also drilled • Additional targets near known kimberlites and associated with unsourced KIMs • Planning underway for July 2018 drilling. Lac de Gras (LDG) Property • Joint Venture with Dominion Diamond • 147,200 ha south of Diavik & Ekati • 3 known kimberlites • $2.8M Spring and summer 2018 drill program underway – focus on kimberlite discovery Loki Property 2018 Goal: New kimberlite discoveries at both Loki & LDG
- 18. LOKI PROJECT –KIMBERLITES & TARGETS EG05 Kimberlite 5 km Indicator train Ice Direction 18 465 Kimberlite 853 • Kimberlite 465 discover March 2018 – first Lac de Gras discovery in 6 years! EG05 also drilled. • Priority targets still remain untested including Target 853; planning for summer 2018 drill program. Target
- 19. 5 km Indicator train Ice Direction Target LOKI– DRILL TARGET 853 5 km 853
- 20. CORPORATE OVERVIEW –PROJECTS EXISTING DIAMOND MINE 20 DIAVIK EKATI VICTOR RENARD GAHCHO KUE Advanced Stage Naujaat (100%) Assessing a known kimberlite or diamond deposit 1 1
- 21. NAUJAAT PROJECT –TICKS ALL THE BOXES Jurisdiction Near tide water Large tonnage Low strip ratio Significant diamond inventory* Blue sky potential * CAUTION – Inferred Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability Naujaat Q1-4 kimberlite Unique diamond value proposition 21 Proposed road route <3:1 vs >10:1 for NWT diamond mines ~48 Mt down to 205m below surface ~26M contained carats; ~50cpht 15 additional kimberlites for evaluation Freight costs 50% of NWT diamond mines Clear permitting path in Nunavut
- 22. Q1-4 – DEPOSITEVALUATION 22 Pit overlay is for demonstration purposes; conceptual in nature. • Deposit evaluation – function of jurisdiction, location, infrastructure, tonnage, mining method, ‘in situ’ value etc. • ‘In Situ’ Value – function of grade and diamond value • Diamond value – function of diamond quality and size distribution • 2017: confirmed i) Q1-4 tonnage (drilling) & ii) potential diamond value upside (bulk sample)
- 23. Q1-4 - LARGETONNAGE, EASY ACCESS Internal desk top study of potential mining scenarios suggests extending Q1-4 resource from 200m to 300m below surface would represent the ‘sweet spot’ for deposit size with open pit strip ratio less than 3:1. 2014 A28 Bulk Sample Site Image view: Looking southwest
- 24. Q1-4 - LARGETONNAGE, EASY ACCESS 2017 delineation drilling: 11 holes increased confidence in overall kimberlite size and extended Q1-4 below 300m depth. Approximate surface trace of kimberlite Naujaat Project: 2017 drilling and bulk sampling Image view: Looking northwest 2017 A88 Bulk Sample Site
- 25. B B’ B A A’ B’ Looking North LookingSouth Q1-4 2017 DELINEATION: A48 & A88 PHASES • Hole 17Q-004 entered kimberlite 43 meters earlier than modeled • Hole 17Q-004 ended in kimberlite >100m beyond the model • Hole 17Q-003 also ended in kimberlite below and outside of the current model 2017 drill holes on 2013 resource model 25
- 26. A B A A’ B’ Looking West Looking South •Hole 17Q-006 collared into kimberlite; 103 m earlier than modeled • Hole 17Q-007 exited kimberlite 117 m later than modeled 2017 drill holes on 2013 resource model Q1-4 2017 DELINEATION: A28 PHASE A’ 26
- 27.
- 28. Phase Year Weight (Dry tonnes) # of Diamonds (+1DTC) Carats Sample Grade (cpht2) Proportion Yellow Diamonds1 By Stones By Carats Green 2017 27.1 344 8.46 31.2 2.6% 3.1% A88 2017 182.8 1647 55.79 30.5 11.1% 23.9% A28 2014 1353.3 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 3 total 2017 Pit C sample determined by arithmetic 4 As reported in North Arrow news release dated May 5, 2015. 2014 & 2017 BULK SAMPLES Q1-4 Pipe Approximate Surface Trace 2017 sample 28 2014 sample • 2017: ~64 carats (+1 DTC) from 210t (30.6 cpht) • 2014: ~384 carats (+1 DTC) from 1353t (28.4 cpht) • 4 Largest diamonds: 5.25, 4.45; 4.14 & 3.56 carats • A28 (2014) & A88 (2017) volcaniclastic phases - similar proportions of yellow diamonds
- 29. Q1-4 DIAMOND VALUATION Q1-4contains a unique population of valuable fancy orangey yellow diamonds *colour certification by Gemological Institute of America (GIA) & Canadian Gem Labs (CGL) Orangey Yellow Diamonds: • Certified* fancy orangey yellow diamonds - desirable to the gem/jewelry trade • > 1 billion years younger than non-coloured diamonds = different populations • Indicated coarser distribution = more coloured stones in larger sizes Two independent paths to potential diamond value upside (requires bigger bulk sample): 1. Coarser size frequency distribution (SFD) 2. Fancy orangey yellow diamonds are worth more 29
- 30. 2018 WAY FORWARD 30 •Mel – (July / August) Exploration drilling 6-8 targets. Discovery drilling and kimberlite delineation • Loki – Microdiamond results from EG05 and 465; Drilling priority targets including 853 (July / August) • LDG JV - $2.8M exploration drilling program (ongoing) • Naujaat – Permitting road to Q1-4; microdiamond results; delineation drilling ahead of revised geological model & resource update; planning, permitting & costing 5-10,000t bulk sample
- 31. • Discovered twonew kimberlite fields – Mel in 2017 & Pikoo in 2013 • 465 – first Lac de Gras kimberlite discovery in over 5 years • One of Canada’s largest under-evaluated diamond inventories at Naujaat’s Q1-4 kimberlite (~26 million carats) • 6 drill-ready (and fully permitted) diamond properties; including 4 that host known diamondiferous kimberlite – Naujaat, Mel, Pikoo and Loki • Drilling at least 4 of these 6 projects for 2018; • Mel – July / August • Loki – March & July • LDG – March through July • Naujaat – August / spring 2018 DIAMOND DISCOVERIES: A CANADIAN LEADER 31 NAR: Canadian diamond sector’s most active & successful explorer over the last 5 years
- 32. TSXV: NAR Ken Armstrong President& CEO Nick Thomas Community and Investor Relations Manager Suite 960-789 West Pender Street Vancouver, BC Canada V6C 1H2 Tel: +1.604.668.8354 Fax: +1.604.336.4813 [email protected] www.northarrowminerals.com @narminerals northarrowminerals