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Exploring Diamond - North Arrow Minerals PDF

33 Pages·2014·4.36 MB·English
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Exploring Diamond Opportunities in Canada June 2014 TSX-V: NAR Cautionary Statement This presentation contains projections 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 The Opportunity  An exploration company focused on some of Canada’s premier diamond projects developed over years of exploration by past companies at costs in excess of $40 million dollars.  Experienced team, responsible for the discovery of numerous important kimberlites in Canada and Africa, including the Diavik diamond mine.  Very little competition for diamond exploration in Canada or globally.  Diamond market fundamentals are robust and are predicted to remain so for the foreseeable future.  Canada remains underexplored as well as being a jurisdiction with low political risk. 3 Corporate Overview – as of Feb. 25, 2014 Corporate  Capitalization Highlights: Listing: TSX Venture - NAR Issued: 49.8 M* Options: 3.6 M Warrants: 1.0 M $0.25 & $0.65 Fully diluted: 54.4 M* Estimated Working Capital: ~$10 M* *Includes Feb 25 private placement of 7,700,000 common shares issued at a price per share of $0.65 for aggregate gross proceeds of $5,005,000.  Main Shareholders Management/Directors ~17.5% Zebra Holdings & Investments ~19.5% controlled by a trust settled by the late Adolf H. Lundin 4 Corporate Overview Management D. Grenville Thomas (Chairman) History of success in exploration with multiple junior mining companies. Founder of Aber Resources (now Dominion Diamond Corporation), discoverer of Highlights: the Diavik Diamond Mine. 2009 Canadian Mining Hall of Fame inductee. Ken Armstrong (President, CEO and Qualified Person under NI 43-101) Past diamond exploration experience with Diavik Diamond Mines Inc., Aber Resources, De Beers, Navigator Exploration, and Stornoway Diamond Corporation; President and CEO of Strongbow Exploration Inc. Christopher Jennings (Director) Extensive diamond, gold and base metal exploration and development experience. Founder of SouthernEra Diamonds Inc., consultant to Aber Resources and has held positions with numerous companies including International Corona Corp., BP Minerals (Canada) and Falconbridge Ltd. William Lamb (Director) President and CEO of Lucara Diamond Corp., 20 years project development experience with Lucara, De Beers, Kvaerner and Rand Mines. 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. Has served as an officer and/or director of Aber Resources and Stornoway Diamond Corporation. Currently CEO of Kaminak Gold Corporation and a director of Suncor and Lucara Diamond Corp. 5 Principal Diamond Projects Victoria Island Redemption (NT) Qilalugaq (NU) • 34,800 acres • Large tonnage resource • Near Diavik & Ekati mines • PotentDiaorlis for high value stones • Unexplained KIM trains • Bulk sample in 2014 • >$12M dataset • Under option from Stornoway • Earning a 55% interest from Arctic Star Mel (NU) • KIM targets • 100% NAR Lac de Gras (NT) • >300,000 acres • Near Diavik & Ekati mines Luxx (NU) • 1st $5M funded • KIM targets by Dominion Diamonds • 100% NAR • ~$3M 2013 program Pikoo (SK) Timiskaming (ON/QC) • Diamondiferous kimberlite field • Six kimberlites discovered in 2013 • Additional targets • 80/20 JV with Stornoway • 80/20 JV with Stornoway 6 Qilalugaq Project - NU  Can earn 80% from Stornoway by completing mini-bulk sample. Q1-4 kimberlite  SWY retains one time back-in right to 40% by paying 3X exploration costs. Primary target is the Q1-4 kimberlite (Repulse Bay, NU)  7 km from tidewater; 9 km from town.  Largest diamondiferous kimberlite in eastern Arctic (12.5 ha).  May 2013 inferred resource estimate of 26.4 million carats, modeled to 205m.  Yellow diamonds could significantly impact value. Repulse Bay  Needs large tonnage mini-bulk sample for preliminary evaluation (estimate $3.7 million to collect/value 500 carats). Oblique view 7 Qilalugaq Project - NU  Can earn 80% from Stornoway by completing View looking south-southwest from Q1-4 mini-bulk sample. kimberlite towards Repulse Bay Q1-4 kimberlite  SWY retains one time back-in right to 40% by paying 3X exploration costs. Primary target is the Q1-4 kimberlite (Repulse Bay, NU)  7 km from tidewater; 9 km from town.  Largest diamondiferous kimberlite in eastern Arctic (12.5 ha).  May 2013 inferred resource estimate of 26.4 million carats, modeled to 205m.  Yellow diamonds could significantly impact value. Repulse Bay  Needs large tonnage mini-bulk sample for preliminary evaluation (estimate $3.7 million to collect/value 500 carats). Oblique view 7b Qilalugaq Project - Resource  May 2013 resource estimate1 • Inferred Resource = 48.8 Mt, 26.1 Mcts, total diamond content2 53.6 cpht. • TFFE3 = 14.1 to 16.6 Mt, 7.9 to 9.3 Mcts, total diamond content2 56.1 cpht. • Size/grade compares favourably to other current advanced/development projects. 1Mineral resources are not mineral reserves and do not have demonstrated economic viability 2Defined as 100% recovery of +1 to +23 DTC diamonds 3Target for further exploration - The potential quantity and grade of the TFFE referred to above is conceptual in nature and it is uncertain whether further exploration will result in the target being delineated as a mineral resource 12.5 ha surface area kimberlite 8 Qilalugaq – Resource Comparison Resource Comparison of Mines at Startup and Current Projects with Resources** Producing Mine Projects with Resources 160 140 120 s t100 a r Q1-4’s 26.1 million a c 80 carat resource f o s 60 n o i l l i 40 M 20 0 Victor Chidliak Karowe Ghaghoo Qilalugaq Bunder Renard Gahcho Kue Ekati* Grib Diavik *Ekati millions of carats numbers are based on the initial reserve. Information on the initial resource was not available. **Compares the Q1-4 Inferred resource to more advanced projects to show its potential relative size/diamond content 9

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*this chart compares the Q1-4 Inferred resource grade to more advanced projects to show its . Number of Diamonds per Sieve Size (mm Square Mesh Sieve).
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