Canadian North Resources, Inc. · TSXV:CNRI
Canadian North Resources — PDAC 2024
22 slides from Canadian North Resources's conference presentation, March 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 constitute "forward-looking information" under applicable Canadian securities legislation about Canadian North Resources Inc. (“CNRI”). Forward-looking information includes, but is not limited to, statements
Slide 3: Why Canadian North Resources?
WHY CANADIAN NORTH RESOURCES? CRITICAL METALS FOR CLEAN ENERGY, ELECTRIC NI43-101 2022 MINERAL RESOURCES VEHICLES AND HIGH-TECH INDUSTRIES Indicated Inferred TONNAGE Mt 24.3 47.2 CONTINUOUS GROWTH Nickel % 0.6 0.53 • Adding 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 $CAD230M (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 All-season 55-person 30-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, sate
Slide 7: Mineral Resources Vast Exploration Potential
MINERAL RESOURCES VAST EXPLORATION POTENTIAL Resource estimate parameters: NI43-101 2022 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$49.70 for open pit and US$94.50 fo
Slide 8: Mineral Resources
MINERAL RESOURCES UPDATED MODEL FOR OPEN PIT AND UNDERGROUND MINING CANADIAN NORTH RESOURCES INC. | TSX.V: CNRI | OTC.QX: CNRSF | FSE: EO0 INVESTOR PRESENTATION | Q1 | 2024 8
Slide 9: 2022-2023 Drill Results Expanding the Mineralized Zones
2022-2023 DRILL RESULTS EXPANDING THE MINERALIZED ZONES 134 of 145 holes hitting mineralized zones. (All time) High grades up to 10.0% Cu, 1.81% Ni, 8.65g/t Pd, 4.43 g/t Pt, 0.186 g/t Rh, and 2.19 g/t Au, and 49 g/t Ag Confirmed near surface massive sulfide zones up-to 31m and underneath PGM-enriche
Slide 10: Targeting New Potential Areas
TARGETING NEW POTENTIAL AREAS MINERALIZED TRENDS WITHIN MINERAL CLAIMS NICKEL TARGETS • Extensive Ni-Cu-Co sulfides with high-grade PGM identified from the outcrops in the 156.9 km2 prospecting area outside established mineral resources • Five new Ni-Cu-Co-PGM mineralized prospective areas identifie
Slide 11: Metallurgical Recovery
METALLURGICAL RECOVERY HIGH RECOVERIES TO SUPPORT MINE DEVELOPMENT • Previous metallurgical tests were completed on Historical* Canadian North Resources Inc massive sulfide ores only Hydrometallurgical Hydrometallurgical Flotation + Plastol (Starfield 2012)2 (CNRI 2013)3 (CNRI 2016) • PGM recoveries
Slide 12: Explorers to Producers Comparable Critical and PGM Projects
EXPLORERS TO PRODUCERS COMPARABLE CRITICAL AND PGM PROJECTS MARKET VALUE PROPERTY RESOURCE ESTIMATES GRADES COMPANY M$CAD Name Stage Location Reported Mt Ni (%) Cu (%) Co (%) Pd (g/t) Pt (g/t) Canadian North Indicated 24.3 0.60 0.85 0.07 1.38 0.23 TSX.V: CNRI 119 Ferguson Lake Pre-feasibility Nunavu
Slide 13: Capital Structure
CAPITAL STRUCTURE EXCELLENT FOR PUBLIC INVESTORS AND GROWTH COMMON SHARES Escrowed 37,249,761 Restricted 7,901,546 Free Trading 69,203,612 Total Outstanding 114,345,919 WARRANTS & OPTIONS Options** 6,581,523 Fully Diluted 120,927,422 th , Note: **Including 500,000 Options @ 2.45 expiring May 4 2024
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 2022 - 2023 resources. ✔ 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 [email protected] 1-888-688-8809 (Toll Free) 299 COURTNEY PARK DRIVE EAST MISSISSAUGA, ONTARIO L5T 2T6 CANADIAN NORTH RESOURCES INC. | TSX.V: CNRI | OTC.QX: CNRSF
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 • Ea
Slide 18: Mineral Resources Sensitivity
MINERAL RESOURCES SENSITIVITY LARGE TONNAGE AND NSR VALUES INSENSITIVE TO NSR CUTOFFS Open Pit Underground Tonnage and NSR values at Indicated Resources Inferred Resources Indicated Resources Inferred Resources higher NSR cutoff values: Cutoff NSR Tonnage NSR Tonnage Cutoff NSR Tonnage NSR Tonnage (
Slide 19: Large and High-Grade PGM System
LARGE AND HIGH-GRADE Drillhole No. FL00-41 Significant Intercepts (m) 70.31 Pd (g/t) Pt (g/t) Ni (%) Cu (%) Co (%) 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 20: 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 21: 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 22: 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 xt. e E ast on the