Canadian North Resources, Inc. · TSXV:CNRI
Canadian North Resources — Investor Presentation (July 2021)
22 slides from Canadian North Resources's investor presentation, July 2021
Slide 1: Ferguson Lake Project Investor Presentation
Nunavut FERGUSON LAKE PROJECT Canada High-grade Base Metals and Platinum Group Metals World-class Resource Potential Febr Airstrip – Camp Platinum Nickel Palladium Rhodium Copper Cobalt INVESTOR PRESENTATION CNResources.com July 2021
Slide 2: Note to Reader
NOTE TO READER This Investor Presentation contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation about Canadian North Resources Inc. (“CNR”). Forward-looking information includes, but not limited to, statements about strategic
Slide 3: Why Canadian North Resources
WHY CANADIAN NORTH RESOURCES Strategic Metals for the Clean-energy and High-tech Industries ASSET GROWTH FERGUSON LAKE PROJECT* Indicated and Inferred Resources Large palladium, platinum, High-potential PGM and rhodium (PGM) plus Cu-Ni-Co resource growth Palladium copper, nickel, and cobalt and
Slide 4: Ferguson Lake - High Value Assets
FERGUSON LAKE - HIGH VALUE ASSETS Economic Base Metal and Strong PGM Upside OPEN PIT/HIGH-GRADE METAL RESOURCE* STRONG PGM UPSIDE Resources* modeled at only Cu+Ni+Co West Zone - Open Pit - 1.1 Mt at: West - Underground - 14.7 Mt at: NSR cutoffs: C$75 (open pit); C$110 Palladium 1.54 g/t Palladium 1.
Slide 5: PGM and Cobalt Markets
PGM AND COBALT MARKETS Strong PGM Trends and Cobalt Market Dynamics Charts1 2018 2019 2020 2021 Palladium, platinum, rhodium, and cobalt Spot Price* Palladium USD/oz are used increasingly in the clean-energy $2,367.85 2750 2500 2250 Forecasts and high-tech sectors, worldwide. 2000 1750 1500 (USD/oz)
Slide 6: Copper and Nickel Target Markets
COPPER AND NICKEL TARGET MARKETS Copper and Nickel Market Foundations and Future 2018 2019 2020 2021 Copper is used in automotive, building, USD/lb Charts1 3.500 Copper 3.250 electric vehicles (EV), energy storage Spot Price* 3.000 2.750 $3.83 (ES), electrical, electronics, machinery, Forecasts (USD
Slide 7: Ferguson Lake Project - Nunavut Kivalliq Region
NUNAVUT KIVALLIQ REGION – EMERGING MAJOR MINING DISTRICT With the Development of the Meadowbank and Meliadine Au Mines Nunavut FERGUSON LAKE PROJECT N Arcelor Mittal Mary River Canada 96.9 km2 Mining Leases Roche Bay Agnico Eagle Hope Bay K2 Gold De Beers MMG Limited Izok Corridor Fraser Bay Chidlia
Slide 8: Company Infrastructure
COMPANY INFRASTRUCTURE Provides an All-season Productive Working Environment All-season 55-person field Equipment garages, work camp for housing, board shops, parts, and storage All-year 825 x 30 metre gravel airstrip, south-west of the Field Camp services, offices, and amenities Caterpillar Dozer,
Slide 9: Ferguson Lake History
FURGUSON LAKE HISTORY Extensive Exploration, Infrastructure, and Resource Potential Over C$140 million has been spent on ground with 191,000 metres in 623 holes completed. 1950’S – INCO INC. (SUBSIDIARY) 2013 – TODAY CANADIAN NORTH RESOURCES INC. $3 million in exploration 30,000m drilling,173 ho
Slide 10: Mineral Resources
MINERAL RESOURCES Historic Resources and Vast Exploration Potential BASE METAL (NICKEL, COPPER, AND COBALT ) AND PGM (PLATINUM AND PALLADIUM) RESOURCES West Zone Models INDICATED RESOURCES* ZONE Tonnes Cu Ni Co Pd Pt Fe S Underground (UG) Main Mt % % % g/t g/t % % West Pit Main West Pit 1.1 0.97 0.6
Slide 11: Target Mineralization Zones
TARGET MINERALIZATION ZONES Extensive Mineralization Zones, Extensions, and Trends Magmatic Cu-Ni-Co sulfide ores with high-grade PGM. Ten (10+) sulfide zones drill tested and numerous mineralized sites discovered. Three (3) massive sulfide zones drilled for resources estimates, as intervals (
Slide 12: Resource Expansion Potential
RESOURCE EXPANSION POTENTIAL World-class Copper, Nickel, and PGM Potential Over the Area Expand PGM resource potential – by re-modelling Central Zone palladium and platinum using a PGM grade cutoff. 10 drill holes with Low-sulfide PGM enriched zones – will add to significant intercepts the PGM r
Slide 13: Massive Sulfides with Ultra-mafic Intrusions
MASSIVE SULFIDES WITH ULTRA-MAFIC INTRUSIONS High-grade Potential Across Main Mineralized Horizon Base Metals (Cu-Ni-Co) and PGM (Pd-Pt-Rh) N Target Zones on TEM anomalies Meters O 2000 4000 Outcrop of ultramafic intrusion Meters N O 200 400 Ultramafic intrusions with massive sulfides Outcrop of mas
Slide 14: High Potential with Ultramafic Intrusions
HIGH POTENTIAL WITH ULTRAMAFIC INTRUSIONS Potential for More High-grade Massive Sulfides Ore Bodies Significant potential – for more high-grade Base Metal (copper, nickel, cobalt) and PGM mineralization with mafic to ultramafic intrusions. Previous exploration – focused on massive sulfide lenses
Slide 15: Large and High-grade PGM System
LARGE AND HIGH-GRADE PGM SYSTEM Potential for High-value PGM Orebodies High-grade PGM values in Drillhole Significant Pd Pt Cu Ni Co No. Intercepts low-sulfide zones, up to 103g/t g/t g/t % % % palladium and 43.36g/t platinum. FL00-41 71.31 m 0.90 0.15 0.66 0.38 0.05 Rhodium (up to 2.5g/t) and g
Slide 16: Untapped PGM Potential
UNTAPPED PGM POTENTIAL Potential for World-class PGM Discoveries PGM found from surface to a depth >1,200 m at West Extension Zone. PGM associated with: Massive sulphides (>50%) – resource estimate based on Cu-Ni-Co NSR only. Host stringer or disseminated sulfides Massive sulfides outcrop (<50%)
Slide 17: Metallurgical Recovery
METALLURGICAL RECOVERY High Recoveries to Support Mine Development Previous metallurgical tests were completed on massive sulfide ores only. PGM recoveries were not included in the Preliminary Economic Assessment prepared by RPA (2011)1. Recent tests by Canadian North Resources indicate high r
Slide 18: PGM Explorers to Producers
PGM EXPLORERS TO PRODUCERS Comparables Base Metal and PGM Mining Companies Mining Explorer/ Market Mining Resource Metals Other Property Base Metals PGM Base Metals PGM Developer/ Producer1,2 Cap Stage Estimates 3 Millions, Cu Ni Co Pd Pt Cu Ni Co Pd Pt 4 PGMs Location Reported Mt CAD $ % % % g/t g/
Slide 19: Capital Structure
CAPITAL STRUCTURE Excellent for Public investors and Growth Issued Shares Warrants Preferred Shares: 80,495,661 Warrants:** 7,207,727 Common Shares: 9,093,490 Options: 771,698 Free Trading Shares: 2,618,177 Fully Diluted: 97,568,576 Outstanding Shares: 89,589,151 Common Shares 9,083,490 Preferred Sh
Slide 20: Corporate Team
CORPORATE TEAM Experienced, Seasoned, and Dedicated to Build Asset Value Lee Q. Shim Chairman and Director Dr. Kaihui Yang, PhD CEO, President, and Director Global entrepreneur, founder, investor, and business executive Exploration geologist with 30 years experience as: a senior for over 35 years, M
Slide 21: Timelines and Work Plan
TIMELINES AND WORK PLAN Focus on Growth in PGM Resources and Mine Development Accomplishments to Date Private placement financing for Phase 1 Exploration. Completed NI43-101 Technical Report. 2021/22 Follow-up funding for Phase 2 exploration programs Phase 1&2 exploration programs including:
Slide 22: Thank you
Thank you 299 Courtneypark Drive East 905-696-8288 (Canada) Mississauga, Ontario L5T 2T6 1-888-688-8809 (Toll Free) CNResources.com [email protected] CANADIAN NORTH RESOURCES INC. WEBSITE - INVESTORS v210628 INVESTOR PRESENTATION CNResources.com 22
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