Corporate Presentation ORFORD MINING. March 2017

Transcription

1 Orford True North Mining Nickel Corporate Presentation ORFORD MINING March 2017

2 Cautionary Statements Concerning Forward-Looking Statements This presentation contains "forward-looking information" including without limitation statements relating to the outlook for the nickel market, and the nickel price. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of RNC to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There are no assurances that West Raglan, or any of RNC s other property interests, will be placed into production. Factors that could affect the outcome include, among others: the actual results of exploration activities at West Raglan; inability to raise the funds necessary to advance exploration activities; general business, economic, competitive, political and social uncertainties; future prices of metals; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to RNC's filings with Canadian securities regulators available on SEDAR at Although RNC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this presentation and RNC disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. NI Compliance All technical information in this presentation has been prepared by or under the supervision of Alger St-Jean, P. Geo., Vice President, Exploration of RNC, a Qualified Person as defined in NI Reference is made to the West Raglan report, prepared as an NI compliant technical report, which is available under RNC s profile on SEDAR at and to the press release titled Royal Nickel Discovers New High Grade Ni-Cu-PGE Mineralization at West Raglan published by RNC on September 29, 2015, as well as to the press release titled True North Nickel Discovers New High Grade Gold Mineralization Adjacent to West Raglan Project at Qiqavik published by RNC on March 2, 2016, as well as to the press release titled RNC Minerals Discovers Two New High Grade Gold Mineralization Zones at Qiqavik and Extends Mineralized Trend to Over 40 km published by RNC on September 19, 2016, as well as to the press release titled RNC Minerals Announces Discovery of Extensive Chargeability Anomalies Associated with High Grade Gold at Surface on its District Scale Qiqavik Property published by RNC on December 13, 2016, as well as to the press release titled RNC Minerals Announces Intention to Spin-out Qiqavik and West Raglan Projects, and Option Agreement with Carolina Gold Resources for Two Properties in Carolina Gold Belt published by RNC on March 7, Information concerning third parties in this presentation is taken from sources that RNC believes to be reliable, but RNC has not verified the information and does not assume responsibility for such third party information. True North Nickel 2

3 Nunavik Properties Qiqavik: Gold High-grade gold, copper, silver and, zinc mineralization Two new high-grade discoveries in 2016 West Raglan: Nickel High-grade nickel mineralization with significant copper and platinum group metals. Same grades and setting as Raglan Mine. Our Goal: Advance the West Raglan and Qiqavik Projects to define mineable resources True North Nickel 3

4 to become Orford Mining True North Nickel (TNN) is a private subsidiary of RNC Minerals Dumont Project in Abitibi Beta Hunt Gold and Nickel Mine in West Australia In March 2017 RNC Minerals announced the intention to transform TNN into a public company that will trade on the Toronto stock exchange This new company will be called Orford Mining Corp. This process should be complete by mid-june 2017 Same team will continue to operate the Nunavik projects True North Nickel 4

5 Who Are We? Alger St-Jean VP Exploration RNC Director TNN Previously, Senior Geologist at Xstrata Nickel (formerly Falconbridge) Over 20 years experience in the mining industry, primarily focused on nickel Michelle Sciortino Senior Project Geologist TNN Over 10 years exploration experience in the mining industry Pierre-Philippe Dupont Sustainable Development Manager Over 12 years experience as environmental and community relations specialist True North Nickel 5

6 Orford Mining: Next door to flagship operations of major deposits Meadowbank (Agnico Eagle) First gold pour in 2010, 2.7 g/t reserve grade Hope Bay (TMAC) 3.5 Moz Au at 7.7 g/t in 2P reserves Meliadine (Agnico Eagle) 3.4 Moz Au at 7.3 g/t in 2P reserves Qiqavik Gold / West Raglan Emerging polymetallic belt Raglan Mine (Glencore) Produces 37 kt of nickel in concentrate annually Considered one of the richest base metal mines in the world Haile Gold Mine (Oceanagold) +2 Moz Au at 2.06 g/t in 2P reserves Carolina Gold Properties Re-emerging gold belt home to the Haile Mine Major Deposit Orford Mining Properties Note: This information is not necessarily indicative of the mineralization on TNN s properties to be acquired by Orford Mining True North Nickel 6

7 Sustainable Development At RNC Minerals, we are committed to developing our mining projects in a responsible and sustainable manner. Our extensive community consultation process for the Dumont Project illustrates this approach. We intend to continue this approach throughout the development and operation of all its projects For our Nunavik projects we will be guided by the objectives of the Nunavik Inuit Mining Policy : Establish open dialog and good communications Minimize negative social and environmental impacts Maximize short and long-term social and economic benefits for Nunavik Inuit True North Nickel 7

8 CBJNQ Category Lands True North Nickel 8

9 Local Communities Communities involvement during 2015 Exploration Program Representatives from the Northern Village of Akulivik during a 2015 West Raglan site visit. Representative from the Northern Village of Salluit visiting archeological site on West Raglan Property Open dialog with local communities Representatives of Salluit and Akulivik visited the site Working with LHCs for hiring of local work force during summer exploration programs - 20% in % in % of 2015 and 20% of 2016 TNN expenditures were with Inuit Corporations. Identifying, preserving and notifying communities of archeological sites. True North Nickel 9

10 Base of operations Camp Chukotat Western Shore of Lake Chukotat True North Nickel 10

11 Exploration Activities Prospecting Geological mapping and Sampling What s in the rocks at surface? Prospecting Qiqavik: 2015 True North Nickel 11

12 Exploration Activities Geophysics Is there metal in the rocks under the ground? True North Nickel 12

13 Exploration Activities Drilling What s under the ground? Major-Nuvumiut Drilling, West Raglan Property 2015 True North Nickel 13

14 Exploration Activities Technicians Support geology, geophysics and drilling programs Core Splitting: Camp Chukotat 2015 True North Nickel 14

15 Qiqavik Exploration Goals Exploration/Mining Cycle Reclamation IBA Exploration & Development Mapping and sampling Geophysical Surveys Drilling Technical Studies: Scoping, Pre Feasibility, Feasibility Production: Mining and removing material from the ground True North Nickel 15

16 Qiqavik - Gold 2016 Key Discovery Zones Esperance discovery *Cherty Fe Formations in the package Syn, Post tectonic intrusions Pre-, Syn- tectonic intrusions Aurora discovery Gerfaut Block Esperance (100% Owned) 28 rock grab samples over 2 g/t Au up to 31.9 g/t Au and up to 10.3% Cu Large mineralized shear zone 500 m strike length (open to the East), 1.2 km IP anomaly Previously unexplored Aurora (100% Owned) 15 grab & channel samples over 2 g/t Au, up to 189 g/t Au Visible Au in Quartz Veins trending parallel to granitic body 600 m strike length (open) Previously unexplored True North Nickel 16

17 Qiqavik - Gold Qiqavik 2016 Results True North Nickel has made significant new high-grade gold discoveries during the 2016 Field Program. True North Nickel 17

18 West Raglan - Nickel West Raglan 2015 Results Prospecting along 29 km of strike length of the North (Raglan) trend has resulted in 3 new high grade mineralization discoveries at surface and the surface extension of high grade mineralization previously identified at the Red Zone. Highlight results from individual grab samples include: CDC Zone, 2.86% Ni, 1.40% Cu, 4.80g/t Pd and 1.17g/t Pt Boomerang Zone, 1.35% Ni, 0.35% Cu, 1.61 g/t Pd, and 0.70g/t Pt Beverly Zone 1.11% Ni, 0.40% Cu, 1.31 g/t Pd and 0.46 g/t Pt Red Zone 1.79% Ni, 1.85% Cu, 2.21 g/t Pd and 0.49g/t Pt. True North Nickel 18

19 Qiqavik Exploration Goals Plans for 2017 Field Season July/August Drill new discoveries and other targets. Define additional drilling targets with detailed mapping and ground geophysics. Prospect new parts of the property and follow-up on anomalies from 2016 Plans beyond 2017 Establish sufficient mineralization tonnage to support a resource estimate. Begin development studies based on resource. True North Nickel 19

20 Orford Thank-You Mining Nakurmik Corporate Presentation ORFORD MINING Translation Services Sponsored by True North Nickel March 2017