ORFORD MINING - nunavikmineralexplorationfund.com · True North Nickel April 2017 True North Nickel...

ORFORD MINING

Orford MiningCorporate Presentation

March 2017

True North Nickel

April 2017

True North Nickel April 2017

True North Nickel

2

Cautionary Statements Concerning Forward-Looking StatementsThis 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 www.sedar.com.

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 43-101 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 43-101. Reference is made to the West Raglan report, prepared as an NI 43-101 compliant technical report, which is available under RNC’s profile on SEDAR at www.sedar.comand 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, 2017.

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.

http://www.sedar.com/


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Nunavik Properties

West Raglan: Nickel

• High-grade nickel mineralization with significant copper and platinum group metals.

• Same grades and setting as Raglan Mine.

Qiqavik: Gold

• High-grade gold,

copper, silver and, zinc

mineralization

• Two new high-grade

discoveries in 2016

Our Goal: Advance the West Raglan and Qiqavik Projects to define mineable resources


True North Nickel to become Orford Mining

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• 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


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Who Are We?

• 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

Alger St-Jean

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


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Carolina Gold PropertiesRe-emerging gold belt home to the Haile Mine

Qiqavik Gold / West RaglanEmerging polymetallic belt

Meliadine (Agnico Eagle)3.4 Moz Au at 7.3 g/t in 2P reserves

Haile Gold Mine (Oceanagold)+2 Moz Au at 2.06 g/t in 2P reserves

Raglan Mine (Glencore)Produces 37 kt of nickel in concentrate annually

Considered one of the richest base metal mines in the world

Orford Mining PropertiesMajor Deposit

Meadowbank (Agnico Eagle)First gold pour in 2010, 2.7 g/t reserve grade

Orford Mining: Next door to flagship operations of major deposits

Hope Bay (TMAC)3.5 Moz Au at 7.7 g/t in 2P reserves

Note: This information is not necessarily indicative of the mineralization on TNN’s properties to be acquired by Orford Mining


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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


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CBJNQ Category Lands


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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 2015 15% in 2016

• 25% of 2015 and 20% of 2016 TNN expenditures were with Inuit Corporations.

• Identifying, preserving and notifying communities of archeological sites.


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Base of operations

Camp Chukotat –Western Shore of Lake Chukotat


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Exploration Activities

Prospecting

Geological

mapping

and

Sampling

What’s in the

rocks at

surface?

Prospecting Qiqavik: 2015


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Geophysics

Is there metal

in the rocks

under the

ground?


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Drilling

What’s under

the ground?

Major-Nuvumiut Drilling, West Raglan Property 2015


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Technicians

Support geology,

geophysics and drilling

programs

Core Splitting: Camp Chukotat 2015


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Qiqavik Exploration Goals

Exploration/Mining Cycle

Exploration & Development

• Mapping and sampling

• Geophysical Surveys

• Drilling

• Technical Studies: Scoping,

Pre Feasibility, Feasibility

Production:

• Mining and removing

material from the ground

IBA

Reclamation


Qiqavik - Gold

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2016 Key Discovery Zones

Gerfaut Block

Esperance discovery

Aurora discovery

Syn, Post tectonic intrusions

Pre-, Syn- tectonic intrusions

*Cherty Fe Formations in the package

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

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


Qiqavik - Gold

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Qiqavik 2016 Results

True North Nickel has made significant new high-grade gold discoveries

during the 2016 Field Program.


West Raglan - Nickel

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West Raglan 2015 Results

Prospecting along 29 km of strike length of the North (Raglan) trend has resulted in 3 new high grademineralization discoveries at surface and the surface extension of high grade mineralization previously identifiedat 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.


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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.

ORFORD MINING

Orford MiningCorporate Presentation

March 2017

Thank-You

Nakurmik

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