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North American Infrastructure Conference - Oct. 16, 2012
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North American Infrastructure Conference - Oct. 16, 2012

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  • 1. North American Infrastructure Conference Northwestern Ontario (Central Canada)“$80 Billion + in New Mineral Resources” October 16, 2012
  • 2. Mineral Exploration – Northwestern Ontario
  • 3. Lac des Iles Mines
  • 4. RING OF FIRE $30-50B• Ontario is an exploration and mining destination; $10B annual contribution to economy.• 60% of world’s mine financings are Toronto-based.• Active miners in Ontario include: Barrick Gold, Goldcorp Inc., Debeers, Vale and Xstrata.
  • 5. Mines and MajorMineral Exploration Projects Northwestern Ontario
  • 6. Red Lake Gold MineMusselwhite Mine Goldcorp Inc. Goldcorp Inc. #3 Shaft
  • 7. Barrick Gold Corp. David Bell MineWilliams Mine
  • 8. Lac des Iles MineNorth American Palladium Ltd.
  • 9. Projected Economic ImpactMining Sector in NWO (2013-2017)* • 13 new mines • Estimated life 7-30 years • 671 Kilometers road construction • 30 Kilometers rail construction • 800 Kilometers transmission construction • 622 Megawatts power • 4,155 construction jobs • 3,551 operational jobs *Industry statistics compiled as at Sept. 6, 2012, for CEDC *Excludes expansion requirements of (5) existing mines (Williams Mine, David Bell Mine, Musselwhite Mine, Red Lake Mine, Lac des Iles Mine) who employ 3545 staff/contractors
  • 10. Goldcorp Inc. – Red Lake Gold Mine High Grade Zone
  • 11. Rubicon Minerals Corporation Red Lake
  • 12. Goldcorp Inc. – Bruce Channel Deposit Underground Tramway
  • 13. Osisko – Hammond Reef Atikokan
  • 14. Treasury Metals Dryden
  • 15. Premier Gold Greenstone
  • 16. Largest and first Ring of Fire Discoveries deposit to be developed by open pitmethods. 69.5 mt and grading 31.9% Cr2O3.
  • 17. Ring of Fire DiscoveriesCLIFFS NATURAL RESOURCES : Diamond drilling Black Label Chromite Deposit and other targets proximal to Black Thor Investigating type of mineralization; genesis of the deposit
  • 18. Ring of Fire DiscoveriesNORONT RESOURCES: Noront released a Positive Feasibility Study for Eagle’s Nest Project on September 4. Blackbird Chromite resource tripled to 20.5 million tonnes grading 35.67% Noront exploring lower grade Cu-Ni-PGE targets including AT12 Diamond drilling mid 2012
  • 19. Major NWO Exploration Programs Mine Production (2013-2017) (Total in-ground value of $80 Billion) Company (Deposit) Start    Year Mine Life Capital Cost Forecasted Jobs  C= construction         O= operatingCliffs Natural Resources ‐ Chromite   2016 30 $3.3 B 750 ‐C   750 ‐ONoront Resources ‐ Copper/Nickel 2016 11 $609 M 800 ‐C    400 ‐ORubicon Minerals Corp.‐ Gold 2013 12 $300 M 50 ‐C     278 ‐ORainy River Resources Corp. ‐ Gold 2015 13 $681 M 675 ‐C    618 ‐OOsisko Resources ‐ Gold  2016 14 $614 M 530 ‐C   530 ‐OStillwater Canada Ltd.‐ Palladium/Platinum, Copper 2015 11.5 $400 M 400 ‐C  375 ‐OGoldcorp Inc. ‐ Bruce Channel Deposit ‐ Gold 2014 20 $420 M 100 ‐C  100 ‐OBending Lake Iron Corp. ‐ Iron 2016 35 $1 B 700 ‐C  300 ‐OTreasury Metals ‐ Gold 2016 9 $117 M 150‐C 200‐OPremier Gold Mines ‐ Gold ‐‐ ‐‐ ‐‐ ‐‐Rockex Mining Corp. ‐ Iron ‐‐ ‐‐ ‐‐ ‐‐Magma Metals ‐ Platinum & Palladium ‐‐ 7 $360 M ‐‐PC Gold Inc. ‐ Gold ‐‐ ‐‐ ‐‐Total $7.3 B 4155 ‐ C         3551‐ O
  • 20. Conclusion For more information please contact: Steve Demmings, CEO John Mason, Project Manager, Mining ServicesThunder Bay Community Economic Development Commission (CEDC) P.O. Box 800 Thunder Bay, Ontario CANADA P7C 5K4 General Office: 807 625-2480 Toll Free: 1-800-668-9360 Fax: 807 623-3962 Email: jmason@thunderbay.ca Website: www.ThunderBayCEDC.ca