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Northisle Copper & Gold Inc

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Northisle Copper and Gold Inc.

Investor website: https://www.northisle.ca/

About

Northisle Copper and Gold Inc. is based in Vancouver, BC, and owns one of the most developable copper-gold porphyry projects in the world, located on northern Vancouver Island. The company focuses on sustainable resource development, leveraging pre-existing infrastructure in a mining-friendly community to accelerate project development. Their mission is to deliver enduring value through responsible development of high-quality natural resource assets, with a vision to become Canada’s leading sustainable mineral resource company.

Verified company data

Cash position
C$43M
Shares outstanding
82,293,200
Fully diluted shares
305.2M
Mineral resource
2026 Integrated North Island Project Resource Estimate ($11.00 NSR cut-off) Notes to the Resource Table: 01. Resources are reported using the 2014 CIM Definition Standards and were estimated using the 2019 CIM Best Practices Guidelines. 02. The Mineral Resources have been confined by an open pit with “reasonable prospects of eventual economic extraction” using the 125% revenue factor case and the following assumptions: - Metal prices of US$3,587/oz Au, US$4.82/lb Cu, US$20/lb Mo US$2,000/lb Re - Forex of 1.32 $CDN:$US - Payable metal of 97.5% payable Au, Payable of 96.5% for Cu, 99% payable Mo, and 50% payable Re - Refining Costs of US$4.86/oz for Au, US$0.053/lb for Cu, US$0.95/lb for Mo, and US$0.60/lb for Re - Smelting costs for Cu of US$53.20/dmt for Cu and US$98.80 for Mo - Transportation and insurance costs of CDN$120/wmt proportionally distributed between Au, Cu and Mo - Royalty of 1% NSR for Red Dog and West Goodspeed deposits - Pit slopes are variable based on geotechnical zones and range from 31 degrees to 49 degrees, depending on sector - Mining cost of US$3.00/t for waste and mineralized material - Processing costs of CDN$10.30/t, general and administrative costs of CDN$0.70/t 03. Metallurgical recoveries for Au are: 91% for NW Expo, 84.5% for Red Dog, 78.2% for WGS and 59.2% for Hushamu in the CMG and 54.3% outside the CMG. 04. Metallurgical recoveries for Cu are variable at NW Expo and WGS as in Table 9. At NW Expo averaging 73.8% and averaging 79.2% at WGS. Cu recovery is 89.7% at Red Dog and 77.8% at Hushamu within the CMG and 75.4% outside the CMG. 05. Metallurgical recoveries for Mo are 45.0% at NWExpo and Red Dog and variable at WGS with an average of 43.0%, and 49.2% at Hushamu within the CMG and 44.6% outside the CMG. 06. Metallurgical recoveries for Re are 36% at NWExpo and Red Dog and variable at WGS with an average of 34.5% at WGS, and 39.3% at Hushamu within the CMG and 35.7% outside the CMG. 07. The NSR equations are: - NW Expo within the CMG: NSR (CDN$/t)=(Au*91%*CDN$146.04g/t)+(Cu*CuRec%*CDN$5.98+Mo%*45%*CDN$24.63 + Re%*36%*CDN$1306)*2204.62 - Red Dog: NSR (CDN$/t)=(Au*84.5%*CDN$141.34g/t) + (Cu*89.7%*CDN$5.79+Mo%*45%*CDN$24.39 + Re%*36%*CDN$1293)*2204.62 - Hushamu within the CMG: NSR (CDN$/t)=((Au*59.2%*CDN$141.29g/t) + (Cu*77.8%*CDN$5.78 + Mo%*24.63*49.2% + Re%*CDN$1306*39.3%)*2204.62 - Hushamu outside the CMG: NSR (CDN$/t)=((Au*54.3%*CDN$142.20g/t) + (Cu*75.4%*CDN$5.82 + Mo%*24.63*44.6% + Re%*CDN$1306*35.7%)*2204.62 - WGS: NSR (CDN$/t)=(Au*78.2%*CDN$140.08g/t) + (Cu*CuRec%*CDN$5.74+Mo*MoRec%*CDN$24.39 + Re*ReRec%*CDN$1293)*2204.62 08. The Equivalent equations are: Cu Eq.= NSR/(Cu_NSP*Cu_Rec%*22.0462), Au Eq.= NSR/(Au_NSP*AuRec%) 09. The specific gravity for each deposit and domain ranges from 2.62-2.86 depending on alteration and is assumed to be 1.5 in overburden. 10. Numbers may not add due to rounding. All scientific information contained on this website has been reviewed and approved by Dr. Pablo Mejia Herrera, P.Geo., Vice President Exploration of Northisle Copper and Gold Inc., who is a “Qualified Person” as defined by National Instrument 43 – 101 of the Canadian Securities Administration.
Projects
["Northisle’s 100% owned North Island Project is located at the north end of Vancouver Island, west of the town of Port Hardy, BC. The project consists of a contiguous 50-by-8-kilometre block of 214 mineral claims covering an area of more than 34,000 hectares of mineral claims, adjacent and northwest of BHP Billiton’s now closed Island Copper Mine. Northisle’s wholly owned subsidiary North Island Mining Corp. holds mineral titles that cover most of this extensive, important northwest trending Mesozoic porphyry copper-gold-molybdenum district and hosts eight porphyry copper-gold occurrences at varying stages of exploration and development.","The Hushamu Deposit is a high-level telescoped porphyry copper-gold-molybdenum system containing a significant rhenium content. It is an advanced-stage deposit with a current NI 43-101 resource.","The Red Dog property is entirely enclosed within Northisle’s 100% owned claims. It was acquired by option for its potential to provide higher grade mineralization to a mining operation in the Hushamu area.","The Pemberton Hills target is within a 6.5km long by 1.5km thick area of high-level, advanced argillic alteration within Mesozoic-age andesitic volcanic rocks in an early-stage exploration zone.","The North Island Project includes a number of relatively untested targets including Northwest Expo, Goodspeed and Macintosh."]
Leadership
Sam Lee, CFA (President & CEO, Over 20 years of experience in M&A, equity, and debt transactions in the mining industry totaling over $100 billion. Awarded the King Charles III Coronation Medal for contributions to sustainability.), Kevin O'Kane, P.Eng (Chief Operating Officer, Nearly 40 years of leadership expertise in the natural resource industry, previously at BHP Billiton and SSR Mining Inc.), Nicholas Van Dyk, CFA (Chief Financial Officer and Corporate Secretary, Over 20 years of experience in corporate development and finance in the mining industry, previously at Polaris Materials Corporation.), Dr. Pablo Mejia Herrera, P.Geo (VP Exploration, Geoscientist with 20 years of global mineral exploration experience, specializing in copper, gold, and nickel deposits.), Andrea Zaradic, M.A.S.c, P.Eng (Vice President, Project Development, Over 35 years of experience in mining and renewable energy, previously General Manager at Newmont.), Kate Mueller, P.Eng (Vice President, Sustainability, Over 25 years of experience in mining, specializing in regulatory approvals and compliance.), Brian Ferrey (Vice President, Corporate Development & Investor Relations, Unique combination of experience in executive, investment banking, and private equity roles within the mining sector.), Dr. John Thompson (Technical Advisor, Consultant with over 35 years of industry experience, including leadership roles at Teck Resources.), Cam Brown, P.Eng (Technical Advisor, 45 years of experience in mineral processing and project management.), Ian Chang, M.A.S.c, P.Eng (Technical Advisor, Over 35 years of experience in high-profile mining projects globally.), Robin Tolbert, P.Geo (Technical Advisor, Over 40 years of exploration and development experience in major copper porphyry regions.)

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