ANNUAL & SPECIAL MEETING OF SHAREHOLDERS

Transcription

1 ANNUAL & SPECIAL MEETING OF SHAREHOLDERS NORONT RESOURCES LTD. June 7,

2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This presentation includes certain forward-looking information within the meaning of applicable Canadian securities legislation. Examples of such forward-looking information includes information regarding the timing, extent and success of exploration, development and mining activities, conclusions of economic evaluations (including those contained in the Technical Report, as defined herein), project financing requirements, project permitting, planned infrastructure for the Ring of Fire region and the estimated and anticipated economic impact of Noront s mineral projects. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; risks related to government and environmental regulation, actual results of current exploration and development activities, changes in project parameters as plans continue to be refined; problems inherent to the marketability of base and precious metals; industry conditions, including fluctuations in the price of base and precious metals, fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects the Company; stock market volatility; competition; risk factors disclosed in the Company s most recent Management s Discussion and Analysis and Annual Information Form, available electronically on SEDAR; and such other factors described or referred to elsewhere herein, including unanticipated and/or unusual events. Many such factors are beyond Noront s ability to control or predict. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate as actual results and future events could differ materially from those reliant on forward-looking information. All of the forward-looking information given in this presentation is qualified by these cautionary statements and readers are cautioned not to put undue reliance on forward-looking information due to its inherent uncertainty. Noront disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by law. This forward-looking information should not be relied upon as representing the Company s views as of any date subsequent to the date of this press release. Ryan Weston, P.Geo, VP, Exploration, Qualified Person as defined by National Instrument Standards of Disclosure for Mineral Projects ( NI ), has reviewed and approved for the technical information contained in this presentation. 2

3 NORONT S BOARD OF DIRECTORS STRUCTURAL RENEWAL Jean Paul Gladu President & CEO of Canadian Council for Aboriginal Business Member of the Bingwi Neyaashi Anishinaabek John Pollesel Former COO for Vale s North Atlantic Operations SVP Mining for Finning Canada Hon. Greg Rickford Former Federal Minister of Natural Resources Minister of State for FedNor 3

4 CONSOLIDATION OF THE RING OF FIRE CAMP District Scale Play RING OF FIRE SUDBURY Sudbury Basin BASIN (meters) Podolsky Coleman McCreedy West Morrison Strathcona Mill Nickel Rim South Totten Victoria Creighton Clarabelle Mill Smelter Copper Cliff Legend Current and Former Mines Mills Smelters Noront s claims in the Ring of Fire district are of comparable size to entire Sudbury Basin with significant exploration potential 4

5 PROJECT PIPELINE A World-class Nickel Deposit And Chromite Resource DEVELOPMENT STRATEGY First mine will be Eagle s Nest Ni-Cu- PGM deposit Followed by the development of the nearby Blackbird Chromite deposit A MW scalable ferrochrome furnace to be built on brownfields site in northern Ontario Thunder Bird JJJ Big Daddy Macfadyen Kyle AT-12 Black Label Future Options Butler McFaulds Black Thor Preliminary Economic Analysis Blackbird Gold Chromite Nickel Cu-Zn Ti-V Eagle's Nest Feasibility Diamond 5

6 RESPONSIBLE DEVELOPMENT Minimizing Surface Footprint 6

7 DEVELOPMENT OF INFRASTRUCTURE Key To Unlocking The Ring Of Fire 7

8 JOB CREATION & COMMUNITY SUPPORT Critical for Successful Partnership Our work programs at site create meaningful employment opportunities Over 65% of our Exploration workforce is from local First Nation communities Site visits by Elders and senior community members foster awareness and support for the project 8

9 EXPLORATION Shifting Focus to Cu-Zn Opportunities McFaulds #1 and #3 VMS (Volcanogenic Massive Sulphide) deposits are the centerpiece of an 80 claim property held 85% by Noront and 15% by KWG Resources The Butler claim block consists of 77 claims covering a well-defined VMS trend (75% Noront, 25% MacDonald) Notable Zn-Cu showings include Butler #1-4. Mineral Resource Estimate- McFaulds 1 1 Category Tonnes Cu (%) Zn (%) Mineral Resource Estimate McFaulds 3 1 Category Tonnes Cu (%) Zn (%) Inferred 279, Measured and Indicated 802, Please see the Updated Technical Report on the McFaulds Lake Project, Porcupine Mining Division, James Bay Lowland, Ontario, Canada with an effective date August 30th, 2008, prepared by Deep Search Exploration Technologies Inc for details regarding the mineral resource estimate. 2. Mineral resources are estimated at a cut off grade 1.5% Cu. 9

10 ANNUAL & SPECIAL MEETING OF SHAREHOLDERS NORONT RESOURCES LTD. June 7,