Canadian North Resources, Inc. · TSXV:CNRI
Canadian North Resources — Investor Presentation (March 2024)
23 slides from Canadian North Resources's investor presentation, Mar 19, 2024
Slide 1: Ferguson Lake Project: High-grade and Large Critical Mineral Resources in Canada
CANADIAN NORTH RESOURCES FERGUSON LAKE PROJECT: High-grade and Large Critical Mineral Resources in Canada Investor presentation | Q1 2024 TSX.V: CNRI | OTC.QX: CNRSF | FSE: EO0
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This Investor Presentation contains certain information that may forward-looking information, whether as a result of new information, constitute "forward-looking information" under applicable Canadian future events or otherwise, except as required by law. This Investor sec
Slide 3: Why Canadian North Resources?
WHY CANADIAN NORTH RESOURCES? CRITICAL METALS FOR CLEAN ENERGY, ELECTRIC NI43-101 2024 MINERAL RESOURCES VEHICLES AND HIGH-TECH INDUSTRIES Indicated Inferred TONNAGE Mt 66.1 25.9 CONTINUOUS GROWTH Nickel % 0.47 0.58 • Added mineral resources from 39,270m expansion and infill drilling completed Coppe
Slide 4: Nunavut, Canada: Emerging Major Mining District
NUNAVUT, CANADA EMERGING MAJOR MINING DISTRICT • Located in Kivalliq, Nunavut with the successful development of the Meadowbank, Meliadine and Amaruq Gold mines • Strong First Nation interest and involvement in mineral resource development • Planned Kivalliq Hydro-Fibre Link driving green grid power
Slide 5: Ferguson Lake History
FERGUSON LAKE HISTORY CONTINUOUS GROWTH IN RESOURCE AND INFRASTRUCTURE Over $CAD190M (2023) invested on site with >225 000 metres in >750holes completed. 1950s: INCO INC. 2013 to 2024: CANADIAN NORTH RESOURCES INC. • 26 384 metres drilled in 174 holes • 39 831 meters drilled between 2022 and 2023 •
Slide 6: Project Site Infrastructure
PROJECT SITE INFRASTRUCTURE THE BEST ALL-SEASON EXPLORATION CAMP IN THE GREAT NORTH. All-year 825 x 30- All-season 55-person metre gravel field camp for housing, airstrip, south-west board services, and of the Field Camp amenities, dining and common areas High-speed Starlink Equipment workshops, sat
Slide 7: Mineral Resources: Vast Exploration Potential
MINERAL RESOURCES VAST EXPLORATION POTENTIAL Resource estimate parameters: NI43-101 2024 MINERAL RESOURCES INDICATED Mineral Resources • Resources were estimated at NSR cutoff values of Tonnage (Mt) Nickel (%) Copper (%) Cobalt (%) Palladium (g/t) Platinum (g/t) US$33.00 for open pit and US$96.00 fo
Slide 8: Mineral Resources
MINERAL RESOURCES UPDATED MODEL FOR OPEN PIT AND UNDERGROUND MINING CANADIAN NORTH RESOURCES INC. | TSX.V: CNRI | OTC.QX: CNRSF | FSE: EO0 INVESTOR PRESENTATION | Q1 | 2024 8
Slide 9: 2022-2023 Drill Results: Expanding the Mineralized Zones
2022-2023 DRILL RESULTS EXPANDING THE MINERALIZED ZONES 134 of 145 holes (39,270 m) hitting mineralized zones. High grades up to 10.0% Cu, 1.81% Ni, 8.65g/t Pd, 4.43 g/t Pt, 0.186 g/t Rh, and 2.19 g/t Au, and 49 g/t Ag Confirmed near surface massive sulfide zones up- to 31m and underneath PGM-enrich
Slide 10: Targeting New Potential Areas
TARGETING NEW POTENTIAL AREAS MINERALIZED TRENDS WITHIN MINERAL CLAIMS NICKEL TARGETS • Extensive Ni-Cu-Co sulfides with high- grade PGM identified from the outcrops in the 156.9 km2 prospecting area outside established mineral resources • Five new Ni-Cu-Co-PGM mineralized prospective areas identifi
Slide 11: Metallurgical Recovery
METALLURGICAL RECOVERY HIGH RECOVERIES TO SUPPORT MINE DEVELOPMENT • Previous metallurgical tests were completed on Historical* Canadian North Resources Inc massive sulfide ores only Hydrometallurgical Hydrometallurgical Flotation + Plastol (Starfield 2012)2 (CNRI 2013)3 (CNRI 2016) • PGM recoveries
Slide 12: Explorers to Producers: Comparable Critical and PGM Projects
EXPLORERS TO PRODUCERS COMPARABLE CRITICAL AND PGM PROJECTS MARKET VALUE PROPERTY RESOURCE ESTIMATES GRADES COMPANY M$CAD Name Stage Location Reported Mt Ni (%) Cu (%) Co (%) Pd (g/t) Pt (g/t) Canadian North Indicated 66.1 0.47 0.75 0.05 1.10 0.19 TSX.V: CNRI 121 Ferguson Lake Pre-feasibility Nunavu
Slide 13: Capital Structure
CAPITAL STRUCTURE EXCELLENT FOR PUBLIC INVESTORS AND GROWTH COMMON SHARES Escrowed 37,240,761 Escrowed Restricted Restricted 7,901,546 Free Trading Free Trading 69,203,612 Total Outstanding 114,345,919 WARRANTS & OPTIONS Options** 6,581,523 Fully Diluted 120,927,422 Note: **Including 711,698 Options
Slide 14: Corporate Team
EXPERIENCED, SEASONED & CORPORATE TEAM DEDICATED TO BUILD ASSET VALUE Lee Q. Shim | CHAIRMAN AND DIRECTOR Dr. Kaihui Yang, Ph.D. | CEO, PRESIDENT & DIRECTOR Global entrepreneur, founder, investor, and business executive for over 35 years, Mr. Professional geologist with over 30 years of experience a
Slide 15: Accomplishments to Date
ACCOMPLISHMENTS TO DATE FOCUS ON MINERAL RESOURCES GROWTH WORKING PROGRAMS AND POTENTIAL PROJECT DEVELOPMENT • Exploration drilling in new prospective zones • Resource update, definition drilling and enlarge the base metal and PGM mineral resources. 2022 - 2023 ✓ Private Placement Financing of $22M
Slide 16: Thank You
THANK YOU Contact us if there are any questions Phone Number Corporate Website Email Address 905 - 696 - 8288 (Canada) www.cnresources.com info @ cnresources.com 1-888 - 688 - 8809 ( Toll Free) 2 9 9 COURTNEY PARK DRIVE EAST MISSISSAUGA, ONTARIO L5T 2T6 CANADIAN NORTH RESOURCES INC. | TSX.V: CNRI |
Slide 17: Untapped PGM Potential
UNTAPPED PGM POTENTIAL PGM FOUND FROM SURFACE TO A DEPTH > 1,200 m in West Zone • Massive sulphides (>50%) open along strike • Host stringer and disseminated sulphides (<50%) – thick intersections open in all directions • Footwall disseminated/laminated PGM- rich sulphides (<10%) – underexplored • E
Slide 18: Mineral Resources Sensitivity – Option 1
MINERAL RESOURCES SENSITIVITY – OPTION 1 LARGE TONNAGE AND NSR VALUES SENSITIVE TO NSR CUTOFFS Open Pit & Underground Indicated Resources - Grades Inferred Resources - Grades Tonnage and NSR values Cutoff NSR Tonnage Pd NSR Tonnage Pd at higher NSR cutoff ($US) ($US) (Mt) Cu (%) Ni (%) Co (%) (ppm)
Slide 19: Mineral Resources Sensitivity – Option 2A
MINERAL RESOURCES SENSITIVITY – OPTION 2A LARGE TONNAGE AND NSR VALUES SENSITIVE TO NSR CUTOFFS Open Pit & Underground Indicated Resources - Grades Inferred Resources - Grades Tonnage and NSR values Cutoff NSR Tonnage Pd Pt NSR Tonnage Pd Pt at higher NSR cutoff ($US) ($US) (Mt) Cu (%) Ni (%) Co (%)
Slide 20: Large and High-Grade PGM System
LARGE AND HIGH-GRADE Drillhole No. Significant Intercepts (m) Pd (g/t) Pt (g/t) Ni (%) Cu (%) Co (%) FL00-41 70.31 0.92 0.15 0.39 0.67 0.05 PGM SYSTEM FL00-65 FL00-67 21.38 65.65 1.55 1.10 0.29 0.22 0.62 0.41 0.64 0.76 0.07 0.05 Potential For High-Value PGM Zones FL01-74 64.45 1.40 0.24 0.53 0.96 0.
Slide 21: Nickel, Copper and Cobalt Target Markets
NICKEL, COPPER AND $USD 17,670/t – March 1, 2024 $USD 8.02/lbs COBALT TARGET MARKETS GROWING DEMAND OF CRITICAL BATTERY METALS FOR CONSTANT TRANSPORTATION ELECTRIFICATION AND BATTERY INDUSTRY • Nickel is used in stainless • Copper is used in automotive, $USD 8,463.36/t – March 1, 2024 steel, alloys,
Slide 22: PGM Markets
PGM MARKETS $945/oz – March 1, 2024 PALLADIUM, PLATINUM, RHODIUM, AND COBALT ARE USED INCREASINGLY IN THE CLEAN-ENERGY AND HIGH-TECH SECTORS WORLDWIDE • Important and versatile element in many industries, automotive, electronic, remediation, etc $875/oz – March 1, 2024 • Applications in electronics,
Slide 23: Targeting Potential Areas
TARGETING POTENTIAL AREAS UNPARALLELED POTENTIAL • Over 10km of surface mineralized outcrop 156.9 km2 Exploration Claims exposure (West Zone & 96.9 km2 Mining lease Extension, East Zone & Extension) with 2km of exposed satellite bodies (Anomaly-51 & Extension) • M-Zone open in all directions West Zo
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