Canadian North Resources, Inc. · TSXV:CNRI
Canadian North Resources — Investor Presentation (March 2023)
27 slides from Canadian North Resources's investor presentation, March 2023
Slide 1: Ferguson Lake Project: High-grade and Large Critical Mineral Resources in Canada
Canadian North Resources Inc. Ferguson Lake Project: High-grade and Large Critical Mineral Resources in Canada Green Metals 钯 铂 铑 铜 镍 钴 INVESTOR PRESENTATION | March 2023 TSX-V: CNRI; FSE: EO0
Slide 2: Note to Reader
Canadian North Resources Inc. CNResources.com | 02 NOTE TO 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 include
Slide 3: Why Canadian North Resources?
Canadian North Resources Inc. CNResources.com | 03 WHY ASSET GROWTH NI43-101 Mineral Resources Adding mineral resources Indicated Inferred CANADIAN High-grade, large open pit and • • underground mineral resources from 18,144m expansion and Tonnes Mt 24.3 47.2 infill drilling in 2022 • Updated copper
Slide 4: Nunavut, Canada - Emerging Major Mining District
Canadian North Resources Inc. CNResources.com | 04 NUNAVUT, CANADA - EMERGING MAJOR MINING DISTRICT With The Development Of Ferguson Lake Project, 253.8 km2 The Meadowbank, Amaruq And Meliadine Covering All The Nickel, Copper and PGM Gold Mines Mineralized Zones And Anomalies INVESTOR PRESENTATION |
Slide 5: Ferguson Lake History: Growing in Resources
Canadian North Resources Inc. CNResources.com | 05 Over C$160 million has been spent on ground with >200,000 metres in >650 holes completed 1950 Today Extensive Exploration, Infrastructure, And Mineral Resources 1950s: 1999 t o 2012: 2013 t o T o d a y : I N C O INC. STARFIELD RESOURCES CANADIAN NOR
Slide 6: Mineral Resources
Canadian North Resources Inc. CNResources.com | 06 Indicated Mineral Resources Mineral Resources Mining Method Tonnes Copper Nickel Cobalt Palladium Platinum Updated Mineral Resources And Vast Exploration Potential Grades (Mt) (%) (%) (%) (gpt) (gpt) Open Pit 22.40 0.84 0.60 0.07 1.37 0.23 PARAMETER
Slide 7: Mineral Resources: Updated Model for Open Pit and Underground Mining
Canadian North Resources Inc. CNResources.com | 07 Mineral Resources Updated Model for Open Pit and Underground Mining INVESTOR PRESENTATION | M a r c h 2 0 2 3 TSX-V: CNRI; FSE: EO0
Slide 8: Mineral Resources Sensitivity
Canadian North Resources Inc. CNResources.com | 08 Mineral Resources Sensitivity Large Tonnage And NSR Values Insensitive To NSR Cutoffs OPEN PIT UNDERGROUND Tonnage and NSR values at higher NSR Indicated Resources Inferred Resources Indicated Resources Inferred Resources cutoff values: NSR Cutoff (
Slide 9: Explorers to Producers
Canadian North Resources Inc. CNResources.com | 09 EXPLORERS TO PRODUCERS Comparable Base Metal And Platinum -group Metal Projects Company 1,2 Market and Value Property Resource Estimates3 Grades Contained Metals Cu NI Co Pd Pt Cu Ni Co Pd Pt Millions, CAD$4 Stage Location Reported Mt % % % g/t g/t
Slide 10: Infill and Expansion Drilling
Canadian North Resources Inc. CNResources.com | 10 Infill and Expansion Drilling To add new mineral resources Note: data from “Independent Technical Report, Updated Resource Estimate, Ferguson Lake Project, 18,144 meters in 68 Nunavut, holesfiled Canada” drilled, including by Canadian North Resource
Slide 11: New Drill Results
Canadian North Resources Inc. CNResources.com | 11 New Drill Results Expanded the mineralization zones • All 68 holes hitting mineralized zones to be added to the dataset for mineral resources update in 2023 • High grades up to10.0% copper, 1.81%nickel, 8.65g/t palladium, 4.43 g/t platinum, 0.186 g/
Slide 12: Expanding Mineral Resources
Canadian North Resources Inc. CNResources.com | 12 EXPANDING MINERAL RESOURCES Extensive Mineralization Zones, Extensions within the Mining Leases • Ten (10+) sulfide zones to be drilled for resource expansions within the mining leases (96.9km2) • Three (3) massive sulfide zones drilled for resource
Slide 13: Targeting More Potential Areas
Canadian North Resources Inc. CNResources.com | 13 TARGETING MORE POTENTIAL AREAS Surface Mineralized Areas and Trends Surrounding the Mining Leases • Extensive Cu-Ni-Co sulfides with high- grade PGM identified from the outcrops in the 156.9 km2 prospecting area outside Copper Nickel established min
Slide 14: Metallurgical Recovery
Canadian North Resources Inc. CNResources.com | 14 METALLURGICAL RECOVERY High Recoveries To Support Mine Development HISTORICAL * RECENT: CANADIAN NORTH RESOURCES Previous metallurgical tests were Hydrometallurgical INC. completed on massive sulfide ores only processes 2 Hydrometallurgical Flotatio
Slide 15: Timeline + Work Plans
C a n a d i a n N o r t h R e s o u r c e s Inc. CNResources.com | 15 ACCOMPLISHMENTS TO DATE 2 2021-22: • Private Placement Financing of $22 Work programs: Million • Completed NI43 - 101 Technical Reports, Updated Mineral Resource • Resource Update and Definition Drilling: to • Estimation Infill an
Slide 16: Capital Structure
Canadian North Resources Inc. CNResources.com | 16 CAPITAL COMMON SHARES Escrowed 59,552,839 STRUCTURE Escrowed Escrowed Restricted Restricted Restricted Free Trading Total Outstanding* 18,366,825 27,373,811 105,293,475 Excellent For Public Investors Free Trading Free Trading WARRANTS & OPTIONS And
Slide 17: Corporate Team
Canadian North Resources Inc. CNResources.com | 17 Corporate Team Experienced, Seasoned & Dedicated To Build Asset Value Dr. Kaihui Yang, PhD Dr. Trevor Boyd, PhD, PGeo Lee Q. Shim Rick Brown CEO, PRESIDENT, AND DIRECTOR VP EXPLORATION CHAIRMAN AND DIRECTOR DIRECTOR Professional geologist with > 3 0
Slide 18: Thank You
C a n a d i a n N o r t h R e s o u r c e s Inc. CNResources.com | 18 THANK YOU Contact us if there are any questions Phone Number Corporate Website Email Address 905 - 696 - 8288 (Canada) CNResources.com investor @ CNResources.com 1-888 - 688 - 88 09 ( Toll Free) INVESTOR PRESENTATION | M a r c h 2
Slide 19: Appendix: Additional Technical Information on the Mineral Potential of the Ferguson Lake Project
C a n a d i a n N o r t h R e s o u r c e s Inc. CNResources.com | 19 Appendix: Additional Technical Information on the Mineral Potential of the Ferguson Lake Project Summarized Information for Green Metals Increasingly Used in Clean Energy, Electric Vehicles and High-tech Resolutions INVESTOR PRESE
Slide 20: Project Site Infrastructure
Canadian North Resources Inc. PROJECT SITE CNResources.com || 08 CNResources.com 20 INFRASTRUCTURE Provides An All -season Productive Working Environment All-year 8 2 5 x 3 0 meter Caterpillar Dozer, Grader, gravel airstrip, south-west Skid-steer, Front Loaders, of the Field Camp Excavator, Articula
Slide 21: Mineral Zones and Expansion Potential
Canadian North Resources Inc. CNResources.com | 21 MINERAL ZONES AND CENTRAL ZONE 10 drill holes with significant EXPANSION POTENTIAL intercepts Significant Copper, Nickel And PGM Potential Over The Area 2% Ni-Cu and 1.51 g / t PGM (over 17.4 metres) The Mineral Resource Copper-nickel-cobalt-PGM Thi
Slide 22: Massive Sulfides with Ultramafic Intrusions
Canadian North Resources Inc. CNResources.com | 22 Base Metals (Cu-Ni-Co) and PGM Zones on TEM anomalies MASSIVE SULFIDES WITH ULTRA - MAFIC INTRUSIONS High-Grade Potential Across Main Mineralized Horizon Projected massive sulfides with mafic-ultramafic intrusions Meters N O 200 400 Outcrop of ultra
Slide 23: High Potential with Ultramafic Intrusions
Canadian North Resources Inc. CNResources.com | 23 HIGH POTENTIAL WITH ULTRAMAFIC INTRUSIONS Potential For More High-Grade Massive Sulfides N Ultramafic Intrusions • Significant potential – for more high- Ultramafic Intrusions grade Base Metal (copper, nickel, cobalt) and PGM mineralization with Cu
Slide 24: Untapped PGM Potential
Canadian North Resources Inc. CNResources.com | 24 UNTAPPED PGM POTENTIAL PGM FOUND FROM SURFACE TO A DEPTH > 1 ,2 0 0 m AT West Zone. Open PGM Associated with Massive sulfides outcrop • Massive sulphides (>50%) – lower massive sulfide zones open along the strike of West Zone. • Host stringer or dis
Slide 25: Large and High-Grade PGM System
Canadian North Resources Inc. CNResources.com | 25 LARGE AND HIGH - Drill hole no. Significant Intercepts Pd g/t Pt g/t Cu % Ni % Co % GRADE PGM SYSTEM FL 0 0 - 41 FL 0 0 - 6 6 71.31 m 21.38 m 0.90 1.55 0.15 0.29 0.66 0.64 0.38 0.62 0.05 0.073 Potential For High -Value PGM Zones 1.43 m 25.76 6.62 0.
Slide 26: Copper and Nickel Target Markets
Canadian North Resources Inc. CNResources.com | 26 COPPER AND NICKEL TARGET MARKETS Copper is used in automotive, building, electric vehicles (EV), energy storage (ES), electrical, Nickel is used in stainless steel, alloys, plating, foundry, EV batteries, energy storage, and in Growing Demands of Co
Slide 27: PGM and Cobalt Markets
Canadian North Resources Inc. CNResources.com | 27 PGM AND COBALT MARKETS Strong PGM Trends And Cobalt Market Dynamics PALLADIUM, PLATINUM, RHODIUM, AND COBALT ARE USED INCREASINGLY IN THE CLEAN-ENERGY AND HIGH-TECH SECTORS WORLDWIDE Automotive demand with Leading emission- cutting Strategic in comm
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