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A Copper-Gold Producer in the Making100% owned North Island Project on Vancouver Island in British Columbia, Canada
February 2017
TSXV: NCX 2
Investment Highlights
Large 33,149 hectare project in British Columbia covering an entire porphyry copper belt
Defined Hushamu Porphyry Copper - Gold Deposit with molybdenum – Rhenium credits:
Indicated 1.4 B lbs Cu, 2.8 M oz Au and 65.7 M lbs Mo at .45% Cu Eq;
Inferred 0.8 B lbs Cu, 1.7 M oz Au and 34.9 M lbs Mo at .39% Cu Eq;
Resource open to SE for 300 metres NW of current resource.
Defined Red Dog Porphyry Copper-Gold Deposit:
Indicated 23 million tonnes grading 0.32% Cu and 0.46 gpt Au;
Inferred 0.8 million tonnes grading 0.23% Cu and 0.33 gpt Au;
Multiple additional under explored occurrences including Pemberton Hills and NW Expo;
Excellent infrastructure
Adjacent to BHP’s Past Producing Island Copper Mine;
BC power grid and Deep Sea Loading Facility;
Road Access;
Resource community that understands mining.
TSXV: NCX 3
Financial Overview
As of November 29, 2016
Shares Outstanding 104.9 million
Options Outstanding 5.3 million
Warrants Outstanding – 2,500,00 @ $0.05 2.5 million
Cash CDN $600K
TSXV: NCX 4
Board of DirectorsDale Corman B.Sc, P.Eng, Chairman
40 years experience as a senior corporate officer of publicly listed companies. Extensive expertise in mineral exploration & development, financing, property evaluation and acquisition. Currently Chairman and CEO Western Copper Corp.
Jack McClintock MBA, P.Eng Director, President and CEO
30 years experience in all facets of the mineral exploration business and formerly Exploration Manager for BHP Billiton.
David Douglas CA, Director and CFO
Chartered Accountant with over 30 years of experience in the accounting, corporate finance, and mining industries. He has participated in the sale or financing of over 30 private and public enterprises with a combined value of over $300 million.
Brandon Macdonald B.Sc., MBA
Brandon completed his MBA at Oxford University in 2007 where he graduated with Distinction. Also holds a BSc in Geology from UBC. Is a principal with Jing Capital Corp., a firm specializing in marketing Western Companies in Asia. Previously worked in investment banking with Macquarie - London Office.
Larry Yau
Larry has 20 years of financial and business experience, gained primarily in the mining and resources sectors. Most recently, Larry was Chief Financial Officer for two junior mining companies where he was heavily involved in raising capital and the successful construction of mines in North America. Previously, Larry was Manager, Corporate Development, at Placer Dome Inc. until its acquisition by Barrick Gold Corp. and participated in several high-profile, international acquisitions. He is a Canadian Chartered Accountant.
TSXV: NCX 5
50 km
Red Dog
Pemberton Hills
NCX Controls an entire Porphyry districtTwo Known deposits and numerous additional porphyry targets
TSXV: NCX 6
Hushamu Mineral Resource
Indicated Resource:Copper: 1.4 Billion lb
Gold: 2.8 Million oz
Molybdenum: 65.7 Million lb
Resource Grade Contained Metal
Tonnes(x1000) Copper
%Goldg/t
Mo%
Reppm
Cu Eq%
CopperB lb
GoldM oz
MoM lb
ReKg x 1000
Indicated 304,000 0.21 0.29 .010 0.55 0.45 1.4 2.8 65.7 167.4
Inferred 205,600 0.18 0.26 .008 0.38 0.39 0.8 1.7 34.9 78.1
** Copper equivalent calculated using US$2.50/lb Cu, US$1100/oz Au and US$14.00/lb Mo and is not adjusted for mining and metallurgical recoveries as these remain uncertain.Copper cutoff at 0.3% CuEqRhenium values have not been used in the cutoff grade or Cu Equivalent calculations
TSXV: NCX 7
Comparable Resources at Operating British Columbian Mines
Mt Poll
ey
Hucklb
erry
Coppe
r Mtn.
Mt Millig
an
Gibralt
ar
*Hus
hamu
0
0.05
0.1
0.15
0.2
0.25
0.3
0.35
0.4
Copper %
%
Mt Poll
ey
Hucklb
erry
Coppe
r Mtn.
Mt Millig
an
Gibralt
ar
*Hus
hamu
0
0.05
0.1
0.15
0.2
0.25
0.3
0.35
Gold%
g/t
Mt P
olle
y
Huc
klbe
rry
Cop
per M
tn.
Mt M
illiga
n
Gib
ralta
r
*Hus
ham
u
0
0.1
0.2
0.3
0.4
0.5
0.6
Copper %
CuEq
%
Comparable Operating Mines
Hushamu Deposit
Grades compare well with current operating mines in BC
(Based on Cu Eq at $2.50, $1,100 Au, $14 Mo)
TSXV: NCX 8Deposit open to southeast
Hushamu Resource Upside
Under drilled and open
Holes drilled down low-grade vertical dykes
TSXV: NCX 9
Cross Section Hushamu Deposit
Life of mine strip ration 1.76 to 1
0.56%, 0.05 192m
Cu eq%, Re gpt interval metres
QFPP intrusive
Copper equivalent based on US$ 2.50/lb copper, $1100 opt gold, $14/lb molybdenum, no value given for rhenium
TSXV: NCX 10
NW Expo
Pemberton Hills
Red Dog Deposit
Additional Targets May Add Further Resources
TSXV: NCX 11
Red Dog Deposit
Category Tonnes %Cu ppm Au %Mo
Indicated 23,633,000 0.32 0.46 0.007
Inferred 848,000 0.23 0.33 .003
50% better grade than Hushamu10km by road from HushamuSource of early stage feed for potential mining operation at Hushamu
TSXV: NCX 12
Red Dog Deposit
Current Resource
High Level AlterationIndicates Buried Deposit at Depth
Red Dog Alteration Map
TSXV: NCX 13
Red Dog Deposit Cross Section
Option to earn 100% interest subject to 3% NSR (2% can be purchased for $1M per 1%)
0 200m
Low strip ratio
TSXV: NCX 14
North West Expo Targets
Soil and rock sampling indicates Red Dog zone continues to IP anomaly
Historical Red Dog Resource(open to NW)
Hole abandoned in Overburden
Untested IP Anomaly >15mv/v
Untested and open
IP Anomaly > 15mv/v
NW Expo Mo-Au
Zone: High-level
alteration
0.12%Cu & 0.09gpt Au / 176m
Mineralized drill hole
Non mineralized or abandoned hole
0.16% Cu & 0.14gpt Au / 61m
Scale 2 Km0 Km
Slide Zone
Hushamu 8km
TSXV: NCX 15
Pemberton Hills Targets
High level alteration indicative of underlying copper porphyry deposit
3.5 by 1.5km area of high-level Silicification and Advanced Argillic Alteration
Deep hole ends in 0.14% Cu
Untested by drilling
Small portion surveyed by IP is open to South 3.5km
Silicification
Open IP Anomaly
Silicification
Area of high-level porphyry alteration:
TSXV: NCX 16
Catalyst for Value Creation
Completion of PEA
Finalize metallurgy;Complete mine plan based on revised Hushamu Resource model and Red Dog resourceCapital and operating cost estimates
Timeline and Cost
Completion of Red Dog metallurgy (January) $ 40,000Mine Plan (Jan - Feb ) $100,000Update tailings and Capex and Opex estimates (Jan- Mar) $250,000
Total $390,000
TSXV: NCX 17
Cautionary Disclaimer Regarding Forward-Looking Statements and Information
Certain of the statements and information in this press release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking statements and information generally express predictions, expectations, beliefs, plans, projections, or assumptions of future events or performance and do not constitute historical fact. Forward-looking statements and information tend to include words such as “may,” “expects,” “anticipates,” “believes,” “targets,” “forecasts,” “schedules,” “goals,” “budgets,” or similar terminology. Forward-looking statements and information herein include, but are not limited to, statements with respect to the completion of the Proposed Arrangement and the expected structure thereof; anticipated shareholder, court and regulatory approvals; and the expected timing of closing of the Arrangement. All forward-looking statements and information are based on NorthIsle’s or its consultants' current beliefs as well as various assumptions made by and information currently available to them. These assumptions include, without limitation that shareholder and court approvals to the Proposed Arrangement will be obtained in a timely manner, and that regulatory approvals will be available on acceptable terms. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking statements and information are inherently subject to significant business, economic, and competitive uncertainties and contingencies and are subject to important risk factors and uncertainties, both known and unknown, that are beyond NorthIsle’s ability to control or predict. Actual results and future events could differ materially from those anticipated in forward-looking statements and information. Examples of potential risks are set forth in Northisle's annual report most recently filed with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators as of the date of this press release. Accordingly, readers should not place undue reliance on forward-looking statements or information. NorthIsle expressly disclaims any intention or obligation to update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.
John McClintock, P Eng is the Qualified person responsible for the technical content of this presentation
TSXV: NCX 18
T: 604-638-2515F: 604-669-2926
15th Floor – 1040 West Georgia StreetVancouver, BC V6E 4H1