March 2019
PROJECT 81 ~79,000 Ha of Mineral Potential Kidd Creek Mine Area Timmins-Cochrane - Northern Ontario - Canada
PROJECT 81 79,000 Ha Under Explored Property
Airborne Gravity Gradiometer Survey
Complete Airborne Geophysical Coverage
Artificial Intelligence Coverage Diamond Drilling Campaigns by JV Partners for Fall/Winter 2019-2020
VMS Targets Gold Targets Ni+Co+/-Pt+/-Pd Targets
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FORWARD-LOOKING STATEMENT
Certain statements contained in this presentation that are forwardlooking in nature are based on the current beliefs and assumptions of the Company’s management. When used in this presentation, the words "may," "could," "should," "anticipate," "believe," "estimate," "expect," "intend," "plan," "predict," and similar expressions and their variants may be used to identify forward-looking statements. Such statements are valid only as of today, and we disclaim any obligation to update this information. These statements are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such future outcomes. 3
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DISCLOSURE OF EXPLORATION RESULTS & HISTORICAL ESTIMATES
•
Exploration activities were conducted on Noble’s Project 81 prior to the adoption of National Instrument 43-101 (“NI 43-101”), as well as more recently when NI 43-101 was in force.
•
Historical Exploration results that pre-date the adoption of NI 43-101 do not comply with current definitions prescribed by NI 43-101 or the Canadian Institute of Mining, and are disclosed only as indications of the presence of nickel, VMS, gold and other minerals. The historical models and data sets used to prepare these historical estimates are not available to Noble, nor have they been verified under current standards. In order to verify these resources as current estimates, Noble will have to conduct additional exploration work to verify the historic data. An independent qualified person for the purposes of NI 43-101 has not done sufficient work to classify these historical estimates as a current mineral resources or mineral reserves and Noble is not treating the historical estimates as a current mineral resources or mineral reserves.
•
For information concerning the historical results of exploration activities conducted on Project 81, readers are encouraged to review “NI 43-101 Technical Report on the Project 81 Area”, a technical report prepared for the Company by Ulrich Kretschmar, P. Geo., that is available on the Company’s website (http://www.noblemineralexploration.com) and under the Company’s profile on SEDAR (www.sedar.com). This is the most recent technical report prepared in respect of the Property, in accordance with National Instrument 43-101 (NI 43-101).
•
Randy S.C. Singh, P.Geo. (ON), P.Eng (ON), Vice President, Exploration & Project Development for Noble Mineral Exploration Inc., is a "qualified person" as defined in NI 43-101, has reviewed and approved the disclosure of mineral exploration information contained in this presentation. 4
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SYNOPSIS WHY INVEST IN NOBLE? •
•
•
•
•
Excellent Exploration potential – one of Canada’s largest, under-explored and privately held land packages approximately 30km north of the Timmins major mining district with first class infrastructure in place • 2-3km north of Glencore’s Kidd Creek Mine, 50 years of base-metal production have produced in excess of 150mm tons of VMS base metal ores; • These types of deposits globally occur as clusters and Satellite deposits of 30-50mm tons normally occur globally within 15-30kms of these type of mega deposits; • Project 81 has >4,000 anomalous responses with 1,822 targets, resulting in 532 unique bedrock targets within 94 anomalous trends. Excellent Project Generator Candidate - 100% owned mineral rights on its Project 81 property which consists of 14 townships spanning over ~79,000 hectares (~195,000 Acres) including recently staked mineral claims of high-potential nickel-cobalt, VMS and gold targets • Exploration potential is being de-risked buy entering into Option and JV Agreements with other exploration companies and private investor groups; • 2 Option/Joint Ventures on Project 81 signed to date; • Working on additional joint venture opportunities with a view to having significant exploration expenditures carried out on the project over the next 24-36 months; • Settlement agreement in place with Ministry of Northern Development and Mines on mining land taxes Noble is also an investment holding company – • owns 7.75mm shares and 7.75mm warrants MacDonald Mines Exploration Limited (16.8% partially diluted ownership), 5,000 oz gold streaming, plus a 1.5% gold NSR on the Wawa-Holdsworth Gold Project; • owns 3mm shs and 5mm wts of Spruce Ridge Resources Ltd Well respected financial partner and technical partners applying state of the art technology to find metal in the ground - geoscience, geophysics and gravity surveys to identify and prioritize gold, copper, lead, zinc and nickel drill-ready targets Possible discoveries in the near future – Multiple Diamond Drilling Programs throughout Spring-Summer-Fall 2019
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NOBLE PROJECT 81 79,000 HECTARES LAND PACKAGE DRILL READY TARGETS
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•
Project 81’s Area Play is a ~79,000 Ha Land Package
•
Located approximately 30 km north of Timmins world famous for >75mm oz. of Au production
•
2-3 km north of the world class Kidd Creek Mine celebrating its 52nd year of continuous production having produced >161mm tonnes of ore www.noblemineralexploration.com
GOOGLE MAP SHOWING TIMMINS AREA INFRASTRUCTURE
• Significant industry services, supplies and infrastructure in place in Timmins with access by paved Highway 655 • Ample access to power and water • MoU signed with First Nations • Drill programs proposed for fall/winter 2019-2020 4/16/2019February, 2012
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GOOGLE MAP SHOWING HISTORICAL EXPLORATION ACTIVITIES • Under Explored Project Area – 79,000 Ha • MNDM database showing the lack of exploration within the Project 81 area • VMS Targets • Gold Targets • Ni+Co+/-Pt+/-Pd Targets • Noble and JV Drill programs proposed for summer/fall/winter 20192020 8
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KIDD CREEK DISCOVERY HOLE EM CONDUCTORS & MAG ANOMALY
Discovery Hole K 55-1
EM Conductors
•
Magnetic Anomalies
•
•
•
* Non-compliant under NI 43-101
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For 50 years, Kidd operations has provided the world with a significant supply of copper, zinc and silver The discovery hole in 1963 was a massive 629 feet averaging: • 1.18% copper • 8.1% zinc • 3.8oz/ton silver* This discovery caused a major uptick in US/Canadian stock exchanges and the wildest land rushes ever seen Kidd Creek mine is now operating below 9,600 feet www.noblemineralexploration.com
KIDD CREEK MINE DISCOVERY CROSS SECTION (Showing Mag, EM, and Gravity Profiles)
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PROJECT 81 BEDROCK CONDUCTOR TARGETS (8 NORTHERN TOWNSHIPS ONLY) VMS Targets: • T-10 : 2,000 m Bedrock Conductor in Volcanics • T-34 : 900 m trend in Volcanics • T-36 : 700 m trend in Volcanic-Ultra Mafic contact • T-38 : 400 m trend in Volcanics • T-37 : 1,700 m trend incl. 0.24% Cu/ 13.4’ in 25020* Gold Targets: • T-85 : 1,600 m trend incl. 0.86 g/t over 23.6’ (incl 3.14 g/t over 4.7’ in 25013)* • T-48 : 700 m trend in Metasediments • T-40 : 1,200 m trend in Volcanics Nickel & Copper Targets: • T-25 : 400 m trend in Ultramafics • T-XX: Ni Trend on Historic Drill Holes
* Non-compliant under NI 43-101
T-XX
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PROJECT 81 CARNEGIE TOWNSHIP PROPERTY (EM Trends on Magnetic Map)
Trend 1 – 3.3 km strike length VMS – Cu, Pb, Zn
Trend 2 - Historic 1.06% Zn over 6’* VMS – Cu, Pb, Zn
Trend 9 – HTEM Conductor VMS – Cu, Pb, Zn and Ag
Prospective VMS- copper, lead, zinc, silver and gold targets * Non-compliant under NI 43-101
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CRAWFORD TOWNSHIP PROPERTY SPRUCE RIDGE (TSXV: SHL) (EM Trends on Magnetic Map)
Trend 15 - VMS & Gold Target - 2.2 km strike length
Trend 7 – Ni/PGM - 2.4 km strike length 1,500 ft of mineralized host rock grading up to 0.4% Ni (Ni-Cu-PGM Potential)*
Trend 9 - Gold - 1.1 km strike length
* Non-compliant under NI 43-101
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CRAWFORD TOWNSHIP PROPERTY ARTIFICIAL INTELLIGENCE TARGETS
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SPRUCE RIDGE 2019 DRILL RESULTS CRAWFORD TWP PROPERTY CRAWFORD NICKEL PROJECT - 2018 DIAMOND DRILLING RESULTS DDH ID
Hole dip
Hole azimuth
From (m)
To (m)
Core Length
Ni (%)
Co (ppm)
Pt (g/t)
Pd (g/t)
Au (g/t)
SUMMARY OF INTERVALS PASSING 0.25% Ni CUTOFF CR18-01
-60°
035°
234.00
525.00
291.00
0.293
118
0.011
0.020
0.002
includes
-60°
035°
238.50
393.00
154.50
0.320
120
0.012
0.029
0.001
includes
-60°
035°
238.50
283.50
45.00
0.384
144
0.019
0.061
0.001
CR18-03
-50°
035°
475.50
606.00 eoh
130.50
0.299
140
0.028
0.055
0.006
includes
-50°
035°
492.00
547.50
55.50
0.324
139
0.028
0.096
0.005
includes
-50°
035°
492.00
516.00
24.00
0.333
140
0.060
0.201
0.011
CR18-04
-50°
035°
205.50
402.00 eoh
196.50
0.332
135
0.010
0.027
0.002
includes
-50°
035°
208.50
285.00
76.50
0.358
156
0.017
0.041
0.001
includes
-50°
035°
208.50
220.50
12.00
0.532
220
0.030
0.070
0.001
SUMMARY OF INTERVALS PASSING 0.20% Ni CUTOFF CR18-01
-60°
035°
36.00 eoc
594.00 eoh
558.00
0.261
127
0.010
0.016
0.002
CR18-02
-50°
035°
24.00 eoc
175.50
151.50
0.224
126
0.005
0.005
0.001
CR18-02
-50°
035°
175.50
216.00 eoh
40.50
Dunite less than 0.20% Ni
CR18-03
-50°
035°
51.00 eoc
288.00
237.00
Mafic volcanic and marginal zone
CR18-03
-50°
035°
288.00
606.00 eoh
318.00
0.028
0.003
CR18-04
-50°
035°
42.00 eoc
72.40
30.40
Mafic volcanic
CR18-04
-50°
035°
72.40
193.50
121.10
Dunite less than 0.20% Ni
CR18-04
-50°
035°
193.50
402.00 eoh
208.50
0.324
135
0.018
0.028
0.003
0.248
126
0.019
SELECTED INTERVALS WITH ELEVATED PGEs CR18-03
-50°
035°
492.00
493.50
1.5
0.285
140
0.219
0.567
0.004
CR18-03
-50°
035°
507.00
511.50
4.50
0.339
140
0.059
0.498
0.048
CR18-04
-50°
035°
165.00
166.50
1.50
0.182
120
0.069
0.570
0.006
0.27
107
0.009
0.020
n/a
Dumont Deposit average grade for comparison Note: eoc = End of Casing; eoh = End of Hole
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DARGAVEL TOWNSHIP PROPERTY PRE AMBLE
•Dargavel Township Property in Project 81 is ~10,000 hectares contiguous land package located 33 km north of the world class Kidd Creek Mine celebrating its 50th year of production.
•Modern Airborne EM/Mag Geophysical Survey was completed in 2012 with follow up Orientation/Definition Airborne EM/Mag in 2017 •There were in excess of 90 anomalous responses, resulting in 20 unique bedrock targets within 13 anomalous trends. •This presentation looks at 3 drill-ready targets throughout the project area. •In addition there are 3 Priority #1 trends and 4 Priority #2 trends that require follow-up exploration and refinement in the township. •Priority #1 trends are described conductors with good strike length.
as
discrete,
well-defined
bedrock
•Priority #2 trends are described as good, bedrock response with good strike length. 16
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DARGAVEL TOWNSHIP PROPERTY (EM Trends on Magnetic Map)
Trend 2 - Ni Target – 800 m strike length
Trend 40 – Gold Target - 1.2 km strike length
Trend 85 – Gold Target – 1.6 km strike length in metasediments Hole 25013 intersected 0.86 g/t over 23.6’ (incl 3.14 g/t Au over 4.7’)*
* Non-compliant under NI 43-101
Trend 36 - VMS Target – 700 m strike length
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DARGAVEL TOWNSHIP PROPERTY (EM Trends & Profile)
“z”-coil EM (nT/s)
TREND 36 ▪ 700 m strike length ▪ Located at the contact of an ultramafic unit ▪ VMS Target
T-36 NORTHING (mN)
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DARGAVEL TOWNSHIP PROPERTY (EM Trend & Profile)
T-40
“z”-coil EM (nT/s)
TREND 40 ▪ 1,200 m strike length ▪ Bedrock conductor in felsic volcanic rocks ▪ Not yet drill tested ▪ Gold Target
NORTHING (mN) 19
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DARGAVEL TOWNSHIP PROPERTY (EM Trend & Profile)
“z”-coil EM (nT/s)
TREND 85 ▪ 1,600 m strike length ▪ Located within metasediments ▪ Hole 25013 intersected 0.86 g/t over 23.6’ (incl 3.14 g/t Au over 4.7’)* ▪ Gold Target
T-85 NORTHING (mN) * Non-compliant under NI 43-101 20
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DARGAVEL TOWNSHIP PROPERTY DRILL INDICATED GOLD SHOWING (HISTORICAL ASSAY RESULTS)
From To (metres) (metres)
Mineralized Zone (metres)
Grade (g/t)
86.9
0.3
8.40
94.6
105.3
10.7
0.46
125.2
128.9
3.7
0.63
Township
Hole
Dargavel
27098
86.6
and and
*All historical data is non-NI 43-101 compliant 21
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LENNOX/CALDER/BRADBURN TWP PROPERTY PRE AMBLE •Lennox Twp Property of Project 81 is ~10,700 Ha of contiguous Patented & Staked Mineral Claims in Lennox Twp (2,400 Ha) and Calder & Bradburn Twps. – (~8,300 Ha) located approximately 33 km north of the world class Kidd Creek Mine celebrating its 50th year of production.
•Modern Airborne Electro-Magnetic (EM) & Magnetic (MAG) Geophysical Surveys were completed in 2012 with follow up Orientation/Definition Airborne EM & Mag surveys in 2017 •There are in excess of a thousand anomalous responses detected with over 200 conductor picks identified, resulting 21 anomalous trends that are interpreted to represent bedrock conductors, over the northern 8 townships including the Lennox/Calder/Bradburn Property. •In addition there are 5 Priority #1 trends and 12 Priority #2 trends that require immediate follow-up exploration and refinement in the townships. •Priority #1 trends are described as discrete, well-defined bedrock conductors with good strike length. •Priority #2 trends are described as good, bedrock response with good strike length. •This presentation looks at 4 drill-ready targets throughout the project area. 22
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LENNOX & CALDER TOWNSHIPS Trends & Targets
T-38 : 400 m trend in Mafic/Felsic Volcanic Rocks (Cu-Pb-Zn) T-37 : 1.7 km m trend in Metasediments incl. 0.24% Cu / 13.4’ in DDH 25020 (VMS) T-34 : 900 m trend in Felsic Volcanic Rocks (Au) T-25 : 400m Ultramafic Trend (Ni-Co-Cu-PGE)
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PROJECT 81 LENNOX TOWNSHIP Geophysical Trend, Profile & Target TREND 37 ▪ 1,700 m trend incl. 0.24% Cu over 13.4’ ▪ Inco drill hole 25020 from 1960s ▪ VMS Target Best EM Anomaly along trend
“z”-coil EM (nT/s)
T-37
NORTHING (mN) 24
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PROJECT 81 LENNOX TOWNSHIP Geophysical Trend, Profile & Target
TREND 38 ▪ 400 m trend in volcanics (Cu-Pb-Zn) ▪ VMS Target
“z”-coil EM (nT/s)
T-38
NORTHING (mN)
25
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PROJECT 81 BRADBURN TOWNSHIP Geophysical Trend, Profile & Target
T-25 “z”-coil EM (nT/s)
▪ ▪ ▪ ▪
TREND 25 400 m strike length in Ultra Mafics EM response –symmetric & well developed Located within greenstone belt Nickel-Copper-PGE Target
NORTHING (mN) 26
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PROJECT 81 CALDER TOWNSHIP Geophysical Trend, Profile & Target
TREND 34 ▪ 900 m strike length ▪ Bedrock conductor in volcanics ▪ Copper-Silver-Gold Target
T-37
“z”-coil EM (nT/s)
T-34
NORTHING (mN) 27
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PROJECT 81 CALDER TOWNSHIP Conductor Trend 2.6km in Length
- Noble Staked Mineral Claim - AirTEM Conductor Pick
- AirTEM Survey Outline
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PROJECT 81 CALDER TOWNSHIP EM Conductor on L- 410 Conductor Trend 2.6km in Length
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PROJECT 81 CALDER TOWNSHIP EM Conductor on L- 420 Conductor Trend 2.6km in Length
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MAHAFFY TOWNSHIP PROPERTY MAGNETICS
Highly magnetic body striking eastsoutheast for a distance of over 7 km
Potential Ni-Co+/-Pt+/-Pd Target
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MAHAFFY TOWNSHIP PROPERTY MAGNETIC & EM TRENDS
AirTEM-2018 Picks MegaTEM-2002 Picks • The two main conductor trends occur near but not within magnetic features. • These are likely altered structures such as faults that could host disseminated sulphide containing gold.
MT-1 MT-2
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MAHAFFY TOWNSHIP PROPERTY 2018 AIRTEM EM PROFILE
High Conductance late-time response Line 500
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MAHAFFY TOWNSHIP PROPERTY 2018 AIRTEM EM PROFILE
Multiple lines High Conductance late time response coincides with GeoTEM conductive trend
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MACDIARMID TOWNSHIP PROPERTY 2018 AIRTEM EM PROFILE
• Major magnetic feature with well developed EM response.
• Nickel-Copper-PGE target • Main trend is 2.5 km strike length
“Z” EM profiles Broad EM response within magnetic trend 35
Shallow high conductance www.noblemineralexploration.com
MACDIARMID TOWNSHIP PROPERTY 2018 AIRTEM EM PROFILE
“Z” EM profiles Well developed broad EM response within magnetic trend 36
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LUCAS GOLD PROJECT LUCAS TOWNSHIP Historical Drilling with Gold Zone Outline Potential Gold in Lucas based on historical drilling:
Lucas Gold Zone – open at both ends
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•
Potential Strike Length: 1,7002,500 metres
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Potential Depth: 250 metres
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Potential Width 50-150 metres
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LUCAS GOLD PROJECT GOLD ZONE, 2018 DRILL HOLES & HISTORICAL DRILL HOLES
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LUCAS GOLD PROJECT IP SURVEY SHOWING PARALLEL ZONES
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LUCAS GOLD PROJECT 2018 DRILL HOLE ASSAYS RESULTS
Noble’s 2018 Drilling
Noble's 2018 Drilling GOLD (g/t)
Interval (meters)
From (meters)
To (meters)
DDH
GOLD (g/t)
Interval (meters)
From (meters)
To (meters)
1.10
30.90
163.00
193.90
LUC-18-14
0.58
4.70
142.30
147.00
Incl.
1.20
7.00
177.00
184.00
And
1.70
22.60
154.50
177.10
And
4.33
5.15
188.75
193.90
Incl.
1.57
1.50
162.00
163.50
Incl.
5.05
2.75
188.75
191.50.
Incl.
6.06
2.50
164.50
167.00
Incl
5.79
1.40
192.50
193.90
Incl.
2.52
3.00
168.50
171.50
Incl.
2.17
4.50
172.00
176.50
DDH LUC-18-11
LUC-18-13
1.15
23.30
135.50
158.80
LUC-18-19
0.50
7.50
105.00
112.50
Incl.
1.56
2.00
135.50
137.50
And
1.04
14.00
113.00
127.00
Incl.
1.23
2.50
140.00
142.50
And
2.55
10.00
128.00
138.00
Incl.
1.21
3.00
145.00
148.00
Incl.
4.40
1.50
128.00
129.50
Incl.
2.68
2.25
150.75
153.00
Incl.
2.78
6.30
131.00
137.30
Incl.
1.59
4.10
153.50
157.60 40
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LUCAS GOLD PROJECT 2018 DRILL HOLE ASSAYS RESULTS
Noble's 2018 Drilling
Noble's 2018 Drilling
GOLD (g/t)
Interval (meters)
From (meters)
To (meters)
DDH
GOLD (g/t)
Interval (meters)
1.42
5.00
57.50
62.50
LUC 18-21
1.84
9.50
70.00
79.50
Incl.
1.87
1.50
57.50
59.00
Incl.
3.21
3.00
73.00
76.00
Incl.
1.54
2.00
60.00
62.00
Incl.
1.60
3.00
76.50
79.50
And
3.10
9.00
82.00
91.00
And
3.13
3.40
100.60
104.00
Incl.
4.82
4.60
85.00
91.00
Incl.
4.90
1.90
100.60
102.50
Incl.
7.85
2.30
87.30
89.60
And
1.52
28.00
108.00
136.00
Incl.
2.48
9.50
108.00
117.50
Incl.
4.20
3.25
110.25
113.50
Incl.
2.51
2.50
114.00
116.50
And
1.83
8.00
121.00
129.00
Incl.
3.12
3.70
125.30
129.00
And
0.95
6.80
158.00
164.80
Incl.
1.68
2.00 158.00 160.00 www.noblemineralexploration.com
Incl.
1.39
1.80
DDH LUC-18-20
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From To (meters) (meters)
163.50
164.80
LUCAS GOLD PROJECT TWINNED HOLES COMPARISON TABLE
Twinned Holes Comparison Table Noble's 2018 Drilling
Historical 1980's Drilling
GOLD (g/t)
Interval (meters)
From (meters)
To (meters)
DDH
GOLD (g/t)
Interval (meters)
From (meters)
To (meters)
LUC-18-19
1.22
36.50
101.50
138.00
L-80-13
1.42
33.46
99.06
131.06
Incl.
2.69
9.30
128.00
137.30
Incl.
3.52
9.12
120.40
129.54
LUC-18-20
1.42
5.00
57.50
62.50
L-81-36
1.66
5.18
54.25
59.44
And
2.03
15.00
76.00
91.00
And
2.17
15.52
75.9
91.44
Incl.
2.64
11.00
80.00
91.00
Incl.
3.08
9.74
80.16
89.92
LUC-18-21
1.45
37.50
98.50
136.00
L-80-04
2.77
35.89
98.45
134.42
Incl.
2.08
16.90
100.60
117.50
Incl.
3.73
13.38
99.97
113.39
Incl.
1.21
13.50
118.00
131.50
Incl.
3.26
13.54
117.96
131.52
DDH
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LUCAS GOLD PROJECT LUC 18-11 DRILL HOLE SECTION
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LUCAS GOLD PROJECT LUC 18-13 DRILL HOLE SECTION
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LUCAS GOLD PROJECT LUC 18-14 DRILL HOLE SECTION
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LUCAS GOLD PROJECT LUC 18-19 DRILL HOLE SECTION
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LUCAS GOLD PROJECT LUC 18-20 DRILL HOLE SECTION
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LUCAS GOLD PROJECT LUC 18-21 DRILL HOLE SECTION
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PROJECT 81 ADDITIONAL GOLD DISCOVERIES (HISTORICAL ASSAY RESULTS)
From To (metres) (metres)
Mineralized Zone (metres)
Grade (g/t)
86.9
0.3
8.40
94.6
105.3
10.7
0.46
and
125.2
128.9
3.7
0.63
25013
59.9
67.1
7.2
0.97
Township
Hole
Dargavel
27098
86.6
and
Aubin
*All historical data is non-NI 43-101 compliant 49
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LOCATION MAP Kingsmill Ni-Co Deposit & Additional Potential Ni-Co+/-Pt+/-Pd Deposits
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PROJECT 81 KINGSMILL NICKEL-COBALT DEPOSIT Kingsmill Ni-C Deposit , 2012 Drill Traces & Section Lines
NE
N
SW
S
51
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PROJECT 81 KINGSMILL NICKEL-COBALT DEPOSIT (EAST and WEST DRILL FENCE)
Kingsmill Ni-Co Deposit – East Drill Fence XSection
52
Kingsmill Ni-Co Deposit –West Drill Fence X-Section
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PROJECT 81 KINGSMILL NICKEL-COBALT DEPOSIT 2012 NICKEL-COBALT DRILL HOLE ASSAY RESULTS
KML 12-01
Nickel Grade (TD-ICP) 0.27%
Cobalt Grade (ppm) (TD-ICP) 112.4
Incl.
0.29%
KML 12-02
From (meters)
To (meters)
Mineralized zone (meters)
62.0
551.0
489.0
122.7
346.0
540.0
194.0
0.30%
117.1
113.0
620.6
507.6
KML 12-03
0.20%
130.0
14.0
281.0
267.0
KML 12-04
0.25%
113.4
314.0
428.2
114.2
KML 12-05
0.26%
101.6
54.0
167.0
113.0
KML 12-06
0.21%
106.8
56.0
549.0
493.0
KML 12-07
0.19%
114.4
80.0
546.2
466.2
KML 12-09
0.25%
105.4
201.0
653.0
452.0
KML 12-10
0.26%
113.0
78.0
306.58
228.58
KML 12-11
0.24%
114.0
104.0
305.0
201.0
KML 12-12
0.17%
106.4
161.0
272.0
111.0
DDH
53
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PROJECT 81 KINGSMILL NICKEL-COBALT DEPOSIT KML 12- 03 CHECK ASSAY RESULTS COMPARISON (Total Digestion vs. Peroxide Fusion Analysis)
ActLabs Sample Number
From (m)
To (m)
113 114 115 116 117 118 119 120 121 122 123 124 125 126
2012 Actlabs TD-ICP Ni-ppm 862 973 923 941 970 938 947 895 639 579 437 387 508 545
2018 AGAT Peroxide Ni-ppm 882 935 900 913 924 921 896 833 606 565 442 388 486 528
2012 Actlabs TD-ICP Co-ppm 146 159 162 164 162 151 159 153 152 152 147 158 153 158
2018 AGAT Peroxide Co-ppm 164 164 167 172 166 168 170 167 165 167 169 176 162 168
1285080 1285081 1285082 1285083 1285084 1285085 1285086 1285087 1285088 1285089 1285090 1285091 1285092 1285093
112 113 114 115 116 117 118 119 120 121 122 123 124 125
1285103 1285104 1285105 1285106 1285107 1285108
135 136 137 138 139 140
136 137 138 139 140 141
1820 1630 997 957 940 2160
1670 1470 914 941 920 1920
153 155 158 154 147 135
157 166 167 166 154 133
0.01 0.01
1285227
255
256
2600
1285228
256
257
2650
0.012
1285229
257
258
2680
0.012
1285230
258
259
2730
0.254
0.015
1285231
259
260
2530
E6637478
0.271
0.013
1285232
260
261
2810
E6637479
0.279
0.014
1285233
261
262
2820
E6637480
0.028
0.006
1285236
264.4
265.4
188
E6637481
0.01
0.005
1285237
265.4
266.4
53
E6637482
0.005
0.005
1285238
266.4
267.4
48
E6637483
0.004
0.005
1285240
272
273
46
E6637484
0.009
0.005
1285241
280
281
53
2640 2520 2480 2710 2540 2710 2790 285 102 52 41 91
94 97 125 120 142 133 140 55 49 46 46 49
98 96 120 123 146 135 142 59 52 47 45 52
0.248 0.271
E6637477
E6637485
0.225
0.008
AGAT
2018
2018
Sample Number
AGAT
AGAT
Ni - %
Co -%
E6637451
0.088
0.016
E6637452
0.093
0.016
E6637453
0.09
0.017
E6637454
0.091
0.017
E6637455
0.092
0.017
E6637456
0.092
0.017
E6637457
0.09
0.017
E6637458
0.083
0.017
E6637459
0.061
0.016
E6637460
0.056
0.017
E6637461
0.044
0.017
E6637462
0.039
0.018
E6637463
0.049
0.016
E6637464
0.053
0.017
E6637465
2.01
0.073
E6637466
0.167
0.016
E6637467
0.147
0.017
E6637468
0.091
0.017
E6637469
0.094
0.017
E6637470
0.092
0.015
E6637471
0.192
0.013
E6637472
0.223
0.008
E6637473
0.264
E6637474
0.252
E6637475 E6637476
4/16/2019February, 2012
54
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NICKEL COMPARABLES
Resource
Market Capitalization (millions)
Implied Project Value (millions)
M&I - 1,410M tonnes @ 0.27% Ni & 107ppm Cobalt Inf. - 695M tonnes @ 0.26% Ni & 107ppm Cobalt
$90.7
$65
Giga Metals (Turnagain)
British Columbia, Canada
M&I - 865M tonnes @ 0.21% Ni & 0.013%Cobalt Inf. – 976M tonnes @ 0.20% Ni & 0.013%Cobalt
$8.5
$8.5
Noble Mineral Exploration Inc.
Ontario, Canada
Target Potential 2+ billion tonnes @ 0.25% Ni & 113ppm Cobalt
$11.2
$?
Owner & Project
Royal Nickel Corp. (Dumont)
Project Location Quebec, Canada
55
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PROJECT 81 ADDITIONAL POTENTIAL NICKEL-COBALT +/-Pt+/-Pd DEPOSITS (HISTORICAL ASSAY RESULTS*)
Project 81
Other Nickel Discoveries
Township
Hole #
Mineralized Zone (ft)
Mineralized Intercept (ft)
Grade* (% Ni)
Aubin
31903
135.0 to 434.0
299
0.23%
Aubin
31901
190.0 to 673.0
418
0.24%
Nesbitt
25027
391.0 to 855.0
379
0.23%
Nesbitt
27083
780.0 to 1634.0
535
0.28%
Dargavel
25014
1088.5 to 1505.0
416.5
0.21%
Crawford
25050
114.0 to 1648.0
1534
0.25%
*All historical assay data is non-NI 43-101 compliant Samples were not analysed for Cobalt
56
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NOBLE MINERAL EXPLORATION AN INVESTMENT HOLDING COMPANY •
•
•
In December 2016, Noble signed a JV with MacDonald Mines (TSXV:BMK) on its Wawa-Holdsworth Gold Project. This JV resulted in a 100% acquisition by BMK in March 2017, providing Noble with: •
7.7mm shares and 7.7mm warrants in BMK, making NOB the largest shareholder
•
Potential cash flow from gold streaming on 5,000 ounces Au from the oxide sands, operated by MacDonald Mines
•
A 1.5% NSR (subject to 50% buyback for $500,000) on the Wawa-Holdsworth Gold property
In May 2018 entered an Option/JV Agreement with Spruce Ridge on target areas in Crawford Twp •
3mm shares and 5mm warrants on May 29, 2018 plus $1mm in exploration expenditure within 18 months to earn 51% of selected target areas
•
3mm shares and 5mm warrants on May 29, 2019
•
2mm shares by November 30, 2020 plus $1mm in exploration expenditures by May 29, 2021 to earn an additional 24% of selected target areas, thereafter a 75/25 Joint Venture
Multiple joint venture opportunities using the same “BMK JV business model” consisting of: •
large share and warrant positions
•
multiple exploration expenditures from partners earning into multiple plays thus providing Noble with additional liquidity opportunities 57
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NOBLE MINERAL EXPLORATION SHARE CAPITAL
Listings:
TSX.V: NOB FWB: NB7 OTC.PK: NLPXF
Common Shares:
123,977,117
Warrants ($0.10):
61,655,052
Stock Options:
(Toronto) (Frankfurt) (US)
4,200,000
Fully Diluted:
191,957,150
Recent Share Price:
$0.105
Market Capitalization:
$13.2 million
52 Week High - Low:
$0.175 - 0.012
Potential Capital Inflows: Warrants Weighted Average Exercise Price Options Weighted Average Exercise Price Total 58
$ 6.4 million $ 0.10 $ .647 million $ 0.154 $ 7.05 million www.noblemineralexploration.com
SYNOPSIS WHY INVEST IN NOBLE? •
Excellent Exploration potential – one of Canada’s largest, under-explored and privately held land packages approximately 30km north of the Timmins major mining district with first class infrastructure in place • 2-3km north of Glencore’s Kidd Creek Mine, 50 years of base-metal production have produced in excess of 150mm tons of VMS base metal ores; • Satellite deposits of 30-50mm tons normally occur globally within 15-30kms of these type of mega deposits; • Project 81 has >4,000 anomalous responses with 1,822 targets, resulting in 532 unique bedrock targets within 94 anomalous trends.
•
Excellent Project Generator Candidate - 100% owned mineral rights on its Project 81 property which consists of 14 townships spanning over ~79,000 hectares (~195,000 Acres) including recently staked mineral claims of high-potential nickel-cobalt, VMS and gold targets • Exploration potential is being de-risked buy entering into Option and JV Agreements with other exploration companies and private investor groups; • 2 Option/Joint Ventures on Project 81 signed to date; • Working on additional joint venture opportunities with a view to having significant exploration expenditures carried out on the project over the next 24-36 months; • Settlement agreement in place with Ministry of Northern Development and Mines on mining land taxes
•
Noble is also an investment holding company – • owns 7.75mm shares and 7.75mm warrants MacDonald Mines Exploration Limited (16.8% partially diluted ownership), 5,000 oz gold streaming, plus a 1.5% gold NSR on the Wawa-Holdsworth Gold Project; • owns 3mm shs and 5mm wts of Spruce Ridge Resources Ltd
•
Well respected financial partner and technical partners applying state of the art technology to find metal in the ground - geoscience, geophysics and gravity surveys to identify and prioritize gold, copper, lead, zinc and nickel drill-ready targets
•
Possible discoveries in the near future – Multiple Diamond Drilling Programs throughout Spring-Summer-Fall 2019 59
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RELATIVE SHARE PRICE
THE DISCOVERY CURVE
Production from Depleting Asset Deposit Defined
NOBLE
DISCOVERY
Early Stage Exploration
Target Drilling
Deposit Drilling
Resource Definition, PFS/Permitting
Mine Construction
TIME 60
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March 2019
Management: H. Vance White, President & Chief Executive Officer Randy Singh PGeo(ON), PEng(ON), VP Exploration & Project Development Corinna de Beer, Corporate Communications 2500 – 120 Adelaide St. W Toronto, Ontario Canada M5H 1T1 Phone: 416-214-2250 │Email: info@noblemineralexploration.com │ Fax: 416-367-1954 www.noblemineralexploration.com