FERGUSON LAKE PROJECT - High-grade Base Metals and Platinum Group Metals World-class Resource Potential - Canadian North Resources
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Nunavut
FERGUSON LAKE PROJECT
Canada
High-grade Base Metals and Platinum Group Metals
World-class Resource Potential
Febr
Airstrip – Camp
Platinum Nickel
Palladium Rhodium Copper Cobalt
INVESTOR PRESENTATION CNResources.com June 2021
NOTE TO READER This Investor Presentation contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation about Canadian North Resources Inc. (“CNR”). Forward-looking information includes, but not limited to, statements about strategic plans, including future operations, future work programs, capital expenditures, discovery and production of minerals, price of metals, timing of geological reports and corporate and technical objectives. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable at the date hereof, are subject to unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including but not limited to, the risks inherent to the mining industry, adverse economic and market developments. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this Investor Presentation is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. CNR disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. This Investor Presentation has been completed by CNR. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws. Although CNR believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and its related costs and accordingly, undue reliance should not be put on such statements due to the inherent uncertainty therein. The scientific and technical information contained in this Investor Presentation has been reviewed by Trevor Boyd, Ph. D., P. Geo, an independent consultant and a Qualified Person as defined in the National Instrument 43-101 for the Standards of Disclosure for Mineral Projects within Canada. INVESTOR PRESENTATION CNResources.com 2
WHY CANADIAN NORTH RESOURCES
Strategic Metals for the Clean-energy and High-tech Industries
ASSET GROWTH FERGUSON LAKE PROJECT*
Indicated and Inferred Resources
Large palladium, platinum, High-potential PGM and
rhodium (PGM) plus Cu-Ni-Co resource growth Palladium
copper, nickel, and cobalt and discoveries over 787,000 oz indicated
(Base Metal) project. >15 km of target zones 1,146,000 oz inferred
100% ownership of along mineralized horizon. Platinum
contiguous 96.9km2 Moving on to pre- 127,000 oz Indicated
mining leases. feasibility development. 185,000 oz Inferred
C$140+ million spent in
Copper
exploration and metallur-
gical tests. FINANCE 345 Mlb
665 Mlb
Indicated
Inferred
Strong shareholder
support. Nickel
TEAM 226 Mlb Indicated
Experienced, seasoned, Well funded. 446 Mlb Inferred
and dedicated. Cobalt
27 Mlb Indicated
* These are historical estimates provided for information only, originally from Starfield Resources Inc. 33 Mlb Inferred
Nov. 2011, Technical Report filed on SEDAR but now outdated, no longer valid and not to be relied upon
as being 43-101 compliant. A significant re-evaluation at today’s gold prices and economic conditions
would have to be completed to upgrade this historic estimate as current mineral resources.
INVESTOR PRESENTATION CNResources.com 3
FERGUSON LAKE - HIGH VALUE ASSETS
Economic Base Metal and Strong PGM Upside
OPEN PIT/HIGH-GRADE METAL RESOURCE* STRONG PGM UPSIDE
Resources* modeled at only Cu+Ni+Co
West Zone - Open Pit - 1.1 Mt at: West - Underground - 14.7 Mt at: NSR cutoffs: C$75 (open pit); C$110
Palladium 1.54 g/t Palladium 1.88 g/t (underground) and at 2011 metal prices .
Platinum 0.22 g/t Platinum 0.31 g/t Potential to add significant PGM resources
Copper 0.97 % Copper 1.23 %
using a PGM-included cutoff grade.
Nickel 0.63 % Nickel 0.71 %
Cobalt 0.06 % Cobalt 0.08 % Mineral deposit modeled for massive
sulfides (>50 %); but significant PGM
Intercept Rh Pd Pt are hosted in low-sulfide (3-25%) zones.
Rhodium Potential g/t g/t g/t
m
Potential for significant PGM resources by
FL02-132 0.10 2.58 3.69 0.01
exploiting the zones with low sulfide
FL02-101 W1 0.14 1.11 5.37 2.39
content.
FL02-101 W5 0.16 0.71 42.58 5.62
FL04-195 1.25 0.46 1.59 0.01 RPA* had No PGM Production, Mill Feed
FL05-230 1.50 0.40 0.62 0.05 Output or Recovery Included.
RPA ‘s Preliminary Economic Assessment (2011)* Recent tests by Canadian North Resources
indicate high recovery of PGMs.
Pre-tax NPV at 10% discount US $692 mm
Pre-tax NPV at 15% discount US $123 mm * Source from Technical Report by Rosco and Postle Associates
Inc. (RPA) filed by Starfield Resources on SEDAR (2011).
INVESTOR PRESENTATION CNResources.com 4
PGM AND COBALT MARKETS
Strong PGM Trends and Cobalt Market Dynamics
Charts1 2018 2019 2020 2021
Palladium, platinum, rhodium, and cobalt
Spot Price* Palladium USD/oz
are used increasingly in the clean-energy $2,367.85
2750
2500
2250
Forecasts
and high-tech sectors, worldwide.
2000
1750
1500
(USD/oz) 1250
$2,900 (2021)2 1000
750
500
Automotive demand with usage growth and Pd shortfalls.
USD/oz
Anticipated upward trajectory in demand and price. Spot Price*
Platinum 1100
$1,251.06 1000
Forecasts 900
800
(USD/oz)
Automotive as the largest Pt segment is positive. 700
$1,250 (2021)2 600
Rarity, distinctive qualities, and unique properties.
USD/oz
Spot Price*
Rhodium 20000
$22,300.00 17500
15000
Leading emission-cutting Rh usage driven by regulations. Forecasts 12500
10000
(USD/oz) 7500
For glass, chemical, alloys, medical, and aircraft sectors. $19,075 (2021)3
5000
2500
Rarest of the PGMs and one of the rarest metals on Earth. USD/T
Spot Price* Cobalt 90000
Prices in 2021 hit record of $22,300/oz, surpassing 2008. 80000
$47,000.00 70000
Forecasts 60000
Strategic in commercial and industrial uses. (USD/T)
50000
40000
$39,700 (2021)4
Geopolitics driving ethically-mining outside of the Congo.
30000
Notes: 1 – TradingEconomics.com, 2 - UBS, 3 – Investing.com,
4 – Investing.com, and * Feb. 17, 2021 – TradingEconomics.com
INVESTOR PRESENTATION CNResources.com 5
COPPER AND NICKEL TARGET MARKETS
Copper and Nickel Market Foundations and Future
2018 2019 2020 2021
Copper is used in automotive, building,
USD/lb
Charts1 3.500
Copper 3.250
electric vehicles (EV), energy storage Spot Price* 3.000
2.750
$3.83
(ES), electrical, electronics, machinery, Forecasts (USD/lb)
2.500
2.250
transport, and many other uses. $4.50 (2021)2
2.000
USD/T
Global metal market for copper is the largest, Nickel 18000
behind iron and aluminum.
17000
Spot Price* 16000
15000
$18,772 14000
4-times the copper in EVs as compared to Forecasts (USD/T)
13000
12000
gasoline vehicles. $17,000 (2021)3
11000
10000
Lack of new significant discoveries, and
very low investment in exploration. Nickel is used in stainless steel,
alloys, plating, foundry, EV batteries,
Goldman Sachs raised their 12-month
forecast to $4.50 lb, up from $3.40 lb.
energy storage, and in chemicals.
Demand for infrastructure and construction.
China’s demand for most metals has had a
major impact on copper prices. High demand for EVs and energy storage (ES).
Clean tech sectors seen to easily boost global Sustained market from China (>50% global annual
copper demand by 10% - 15% by 2030. demand) and other developing regions.
Notes: 1 – TradingEconomics.com, 2 – Goldman Sachs and CitiGroup,
By 2040, demand for nickel in EVs and ES is
3 – Investing.com, and * Feb. 17, 2021 – TradingEconomics.com predicted to be 31% of global market (4% in 2018).
INVESTOR PRESENTATION CNResources.com 6
NUNAVUT KIVALLIQ REGION
– EMERGING MAJOR MINING DISTRICT
With the Development of the Meadowbank and Meliadine Au Mines
Nunavut
FERGUSON LAKE PROJECT
N Arcelor Mittal
Mary River
Canada
96.9 km2 Mining Leases
Roche Bay
Agnico Eagle
Hope Bay K2 Gold De Beers
MMG Limited
Izok Corridor Fraser Bay Chidliak
Nunavut Territory Advanced
Project Glencore Hackett River
Exploration Projects
& Mines Ekati Sabina Black River
Commodity Diavik Agnico Eagle Amruq Agnico Eagle Meadowbank
Base Metals SnapLake Aberdeen Lake Glencore
Orano Group Kiggavik Raglan
Diamonds
Gold Agnico Eagle Meliadine
CNRI Jien Canada Nuvavik
Iron ValOre
Angilak
Ferguson Ferguson
Uranium Lake
Lake Project
Significant mining and development projects in Nunavut and areas in the North.
INVESTOR PRESENTATION CNResources.com 7
COMPANY INFRASTRUCTURE
Provides an All-season Productive Working Environment
All-season 55-person field Equipment garages, work
camp for housing, board shops, parts, and storage
All-year 825 x 30 metre gravel airstrip, south-west of the Field Camp services, offices, and amenities
Caterpillar Dozer, Grader, Skid- Snowmobiles, pick-up
Satellite Network Steer, Front Loaders, Excavator, trucks and Bombardier
Articulating, and Haul Trucks Snow Cat
Office and
work areas
Portable Slag
Dining and Ball Rock Crusher
common Extensive core storage
areas
INVESTOR PRESENTATION CNResources.com 8
FURGUSON LAKE HISTORY
Extensive Exploration, Infrastructure, and Resource Potential
Over C$140 million has been spent on ground with 191,000 metres in
623 holes completed.
1950’S – INCO INC. (SUBSIDIARY ) 2013 – TODAY
CANADIAN NORTH RESOURCES INC.
$3 million in exploration
30,000m drilling,173 holes $millions in expenditures
East, West, and Central Zones Regional reconnaissance prospecting
Examined surface mineralized zones
1999 TO 2012 – STARFIELD RESOURCES INC. Rock chip and till sampling
$136 million in expenditures Ground geophysics
158,528m drilling Metallurgical tests
Assay of rock chip, till, and selected
All-season 55-person Field Camp
core samples
All-year airstrip (DHC-5 Buffalo level)
Data verification and re-evaluation
Geochemical, geological, and ground
NI43-101 technical report
and airborne geophysical surveys
Camp maintenance
Extensive metallurgical work
INVESTOR PRESENTATION CNResources.com 9
MINERAL RESOURCES
Historic Resources and Vast Exploration Potential
BASE METAL (NICKEL, COPPER, AND COBALT ) AND
PGM (P LATINUM AND PALLADIUM) RESOURCES West Zone Models
INDICATED RESOURCES*
ZONE Tonnes Cu Ni Co Pd Pt Fe S Underground (UG)
Main
Mt % % % g/t g/t % % West Pit
Main West Pit 1.1 0.97 0.63 0.07 1.54 0.22 36.34 19.95
Main West UG 14.7 0.99 0.65 0.08 1.55 0.25 36.16 20.97
West Zone 3D View of Wire Frames,
Total Indicated 15.8 0.99 0.65 0.07 1.55 0.25 38.04 20.90
Drill Holes & Block Model Outline
INFERRED RESOURCES*
ZONE Tonnes Cu Ni Co Pd Pt Fe S
Mt % % % g/t g/t % %
Main West Pit 0.2 0.90 0.57 0.07 1.40 0.17 33.96 18.40
Main West UG 5.9 0.82 0.59 0.07 1.34 0.20 36.15 19.59
West Zone Ext. 14.7 1.23 0.71 0.08 1.88 0.31 41.63 23.14
East Zone 9.4 0.76 0.65 NE NE NE 38.41 21.16
Total Inferred 30.2 1.00 0.67 0.05 1.18 0.19 39.49 21.79 West Zone Plan View of Palladium
*Starfield Resources Inc. – Ferguson Lake, November 30, 2011. These are historical estimates
(Pd) Blocks Within the Block Model
provided for information only, originally filed on SEDAR but are now outdated, no longer valid and not to be relied
upon as being 43-101 compliant. Preliminary Economic Assessment of Ferguson Lake Project, Nunavut,
Canada, by RPA (Roscoe Postle Associates Inc.). A significant re-evaluation at today’s metal prices and
economic conditions would have to be completed to upgrade this historic estimate as current mineral resources.
INVESTOR PRESENTATION CNResources.com 10TARGET MINERALIZATION ZONES
Extensive Mineralization Zones, Extensions, and Trends
Magmatic Cu-Ni-Co sulfide ores with high-grade PGM.
Ten (10+) sulfide zones drill tested and numerous mineralized sites discovered.
Three (3) massive sulfide zones drilled for resources estimates, as intervals (West Zone):
Hole FL01-84: 46.9m @1.10 %-Cu, 0.64 %-Ni, 0.07 %-Co and 1.60 g/t Pd, 0.29 g/t Pt
Hole FL05-237: 103.7m @ 1.29 %-Cu, 0.73 %-Ni, 0.08 %-Co and 1.94 g/t Pd, 0.38 g/t Pt
Hole FL06-261: 75.9m @0.93 %-Cu, 0.49 %- Ni, 0.06 %-Co and 1.21 g/t Pd, 0.28 g/t Pt
East Zone II
West Zone West Zone East Zone I
Extension Pit Area “M” Zone
119 Zone Central
Zone
West Zone Anomaly 51
South South
Discovery
Zone >15 km Long Mineralized Zone
(Resource estimates on < 6 km)
INVESTOR PRESENTATION CNResources.com 11RESOURCE EXPANSION POTENTIAL
World-class Copper, Nickel, and PGM Potential Over the Area
Expand PGM resource potential – by re-modelling Central Zone
palladium and platinum using a PGM grade cutoff.
10 drill holes with
Low-sulfide PGM enriched zones – will add to significant intercepts
the PGM resource and will be included in the
resource re-estimation. 2% Ni-Cu and
1.51 g/t PGM
Copper-nickel-cobalt-PGM – massive (>50%) sulfide (over 17.4 metres)
zones are open at depth and along the strike.
Significant intersections – of massive sulfides in
10 holes along the Central Zone will add resources.
Thick disseminated – sulfide copper, nickel, cobalt,
and PGM zones will add significant resources.
Seven (7+) mineralization zones – to be drilled for
Cu-Ni-Co-PGM resource definition.
New discoveries – from surface sampling. Massive sulfides
Looking west on West Zone
INVESTOR PRESENTATION CNResources.com 12MASSIVE SULFIDES WITH ULTRA-MAFIC INTRUSIONS
High-grade Potential Across Main Mineralized Horizon
Base Metals (Cu-Ni-Co) and PGM (Pd-Pt-Rh) N
Target Zones on TEM anomalies
Meters
O 2000 4000
Outcrop of ultramafic intrusion
Meters N
O 200 400
Ultramafic intrusions with massive sulfides
Outcrop of massive sulfide ore bodies
Projected massive sulfides with mafic–ultramafic intrusions
INVESTOR PRESENTATION CNResources.com 13HIGH POTENTIAL WITH ULTRAMAFIC INTRUSIONS
Potential for More High-grade Massive Sulfides Ore Bodies
Significant potential – for more high-grade Base Metal (copper, nickel,
cobalt) and PGM mineralization with mafic to ultramafic intrusions.
Previous exploration – focused on massive sulfide lenses in upper
gabbros, not on the footwall structures.
Geochemical study – indicates massive sulfides are related to higher
Mg contents in ultramafic rocks at footwall.
N
Ultramafic Intrusions
Cu (%) + Ni (%) x Core Length
Composite Contours
Open
Open Meters
O 500 1000
West Zone – Longitudinal Section showing high-grade mineralization open along the strike and at depth.
INVESTOR PRESENTATION CNResources.com 14LARGE AND HIGH-GRADE PGM SYSTEM
Potential for High-value PGM Orebodies
High-grade PGM values in Drillhole Significant Pd Pt Cu Ni Co
No. Intercepts
low-sulfide zones, up to 103g/t g/t g/t % % %
palladium and 43.36g/t platinum. FL00-41 71.31 m 0.90 0.15 0.66 0.38 0.05
Rhodium (up to 2.5g/t) and gold FL00-66 21.38 m 1.55 0.29 0.64 0.62 0.073
assays in historic exploration. 1.43 m 25.76 6.62 0.64 0.15 0.021
FL01-101
0.35 m 103 28.71 -- -- --
Very thick (up to 71.3m) PGM
FL01-74 64.45 m 1.40 0.24 0.96 0.53 0.064
mineralization zones associated with
stringer/disseminated sulfides. FL02-109 0.21 m 56.79 5.99 0.02 0.01 0.002
FL02-135 10.2 m 3.48 2.32 0.01 0.03 0.004
Occurs in footwall structures of the
3.3 m 12.16 8.10 0.08 0.2 0.03
northeast-dipping gabbro units. FL03-157
15.5 m 3.82 3.1 0.02 0.06 0.02
Gabbro units host low-sulphide PGM FL04-181 4.5 m 5.16 2.85 0.02 0.02 0.004
targets in 10 Zones (West, East, FL04-195 3m 12.69 1.48 0.02 0.02 0.003
Central, M- Zones, etc.). FL06-285 1.25 m 21.91 9.71 0.20 0.31 --
Continuity over an east-west strike FL04-189 1.23 m 2.02 29.09 0.09 0.10 0.015
length of main mineralized horizon FL04-165
1.00 m 32.23 8.54 0.16 0.18 0.03
0.9 m 2.41 43.36 0.10 0.15 0.22
more than 15km.
-- Not analyzed
INVESTOR PRESENTATION CNResources.com 15UNTAPPED PGM POTENTIAL
Potential for World-class PGM Discoveries
PGM found from surface to a depth >1,200 m
at West Extension Zone. PGM associated
with:
Massive sulphides (>50%) – resource
estimate based on Cu-Ni-Co NSR only.
Host stringer or disseminated sulfides
Massive sulfides outcrop
(METALLURGICAL RECOVERY
High Recoveries to Support Mine Development
Previous metallurgical tests were completed on massive sulfide ores only.
PGM recoveries were not included in the Preliminary Economic Assessment
prepared by RPA (2011) 1.
Recent tests by Canadian North Resources indicate high recovery of PGMs.
Comprehensive studies support potential processes with economic recoveries,
stable tailings, and energy-efficient recoveries for remote operations.
Historical* Recent: Canadian North Resources Inc.
Hydrometallurgical Hydrometallurgical Flotation plus
Processes 2 Processes 3 Platsol
(Starfield 2012) (CNR 2013) (CNR 2016)
Copper 97 % 99 % 99 %
Nickel 94 % 94 % 87 %
Cobalt 89 % 91 % 90 %
Palladium NA 77 % 90-95 %
Platinum NA 50 % 90-95 %
Massive sulfide ore at
Note: 1: Roscoe Postle Associates Inc. *All tests completed by SGS. 2: Historical, Hydrometallurgical
process for nickel, copper, and cobalt. 3: Recent, Hydrometallurgical Methods plus final PGM-base metal surface of the West Zone
element extraction from residue using Platsol process. NA – not available.
INVESTOR PRESENTATION CNResources.com 17PGM EXPLORERS TO PRODUCERS
Comparables Base Metal and PGM Mining Companies
Mining Explorer/ Market Mining Resource
1,2 Metals Other Property Base Metals PGM Base Metals PGM
Developer/ Producer Cap Stage Estimates 3
Millions, Cu Ni Co Pd Pt Cu Ni Co Pd Pt
4 PGMs Location Reported Mt
CAD $ % % % g/t g/t kt kt kt koz koz
Canadian North Pre- Indicated 15.8 0.99 0.65 0.07 1.55 0.25 156 103 12 787 127
Private Pt-Pd-Rh Cu-Ni-Co Canada
Resources Inc. * development Inferred 30.2 1.00 0.67 0.05 1.18 0.19 301 202 15 1,146 185
Clean Air
TSXV:AIR 49.3 Pt-Pl Cu-Ni-Co Exploration Canada Historic 8.46 0.25 0.18 0.014 0.98 1.04 -- -- -- 267 283
Metals
Palladium One
TSXV:PDM 66.8 Pt-Pd Cu-Ni Exploration Findland Indicated 10.985 0.15 0.09 -- 0.81 0.27 -- -- -- -- --
Mining Inc.
Generation Mining
TSX:GENM 136.3 Pt-Pd Cu Development Canada Proven 76.46 0.268 -- -- 0.91 0.254 205 -- -- 2237 625
Limited
Canadian Nickel Pre- Measured +
TSXV:CNC 287.5 Pt-Pd Ni-Co Canada 281.3 -- 0.31 0.013 0.028 0.012 -- 878 37 253 109
Company Development Indicated
Platinum Group TSX:PTM, South Measured +
336.9 Pt-Pd Cu-Ni Production 242.4 0.098 0.181 -- 2.13 2.11 -- -- -- -- --
Metals Ltd. NYSE:PLG Africa Indicated
Chalice Gold Mines
ASX:CHN 2,389 Pt-Pd-Rh Au-Cu-Ni Exploration Austrialia Not Availaible -- -- -- -- -- -- -- -- -- -- --
Limited
Impala Platinum Mineral
JSE:IMP 17,227 Pt-Pd -- Production Global 1,819 -- -- -- -- -- -- -- -- 90,000 123,000
Holdings Limited Resources
Notes: * For Canadian North Resources Inc. - Historical estimates provided for information only, originally as Indicated and Inferred sources in Starfield
Resources Inc. Nov. 2011, Technical Report on SEDAR but now outdated, no longer valid and not to be relied upon as being 43-101 compliant. 1. Data
collected December 2020. 2. ASX = Australia Stock Exchange, CSE = Canadian Stock Exchange, JSE = Johannesburg Stock Exchange, NYSE = New York
Stock Exchange, TSX = Toronto Stock Exchange, and TSX-V = TSX Venture Exchange. 3. Resource estimates for comparable mining exploration,
development, and production companies from the company presentations and technical reports in the public domain. 4. Market data on June 25, 2021.
INVESTOR PRESENTATION CNResources.com 18CAPITAL STRUCTURE
Excellent for Public investors and Growth
Issued Shares Warrants
Preferred Shares: 80,495,661 Warrants:** 7,207,727
Common Shares: 9,093,490 Options: 771,698
Free Trading Shares: 2,618,177 Fully Diluted: 97,568,576
Outstanding Shares: 89,589,151
Common Shares 9,083,490 Preferred Shares 80,495,661
• 2,618,177 free trading common • 14,215,453 issued for the Private Placement.*
shares including 1,818,698 issued
under the Offering Memorandum** • 66,280,208 issued for the original shareholders and
and 799,479 issued to the original investors.
investors.
• Convertible to Common Shares at 1:1 ratio with certain
• 6,475,313 escrowed common shares. conditions after the escrowed period.
*Private Placement raised $10.6 million as of April 30, 2021. **Warrants were issued in connection with the Private Placement. Offering
Memorandum raised $2,223,698 and closed on April 29, 2021.
INVESTOR PRESENTATION CNResources.com 19CORPORATE TEAM
Experienced, Seasoned, and Dedicated to Build Asset Value
Lee Q. Shim Chairman and Director Dr. Kaihui Yang, PhD CEO, President, and Director
Global entrepreneur, founder, investor, and business executive Exploration geologist with 30 years experience as: a senior
for over 35 years, Mr. Shim is the founder and Chairman of consultant for Barrick, Inco, Falconbridge, etc., and the World
Lee Li Holdings with diverse companies operating in Canada, Bank Group; and a consultant and director for major Chinese
US, China, and South East Asia. His portfolio also includes and Canadian mining and investment companies.
investment in a Canadian mining company and has been a
director and shareholder in a number of notable capital funds. Dr. Yang was an EVP for Zijin Mining Group (CAD$40B, market
cap), a Chairman of Sprott-Zijin Joint-Venture Mining Fund,
and a founder, director, and president of Canadian public
Mike Weeks Director companies and ventures.
Over 25 years in the power generation and resource
industries. Mike was a founder, president and CEO, and Carmelo Marrelli, CA CFO
is presently the executive chairman of Angkor Gold. He has Financial, accounting, and disclosure expert. A director and in
an engineering background and holds a First Class Power senior roles with private and publicly-listed companies. He is a
Engineering Certificate. Chartered Professional Accountant with 30 years of experience.
Rick Brown Director Dr. Xian Jian Guo, PhD Technical Advisor
Manages the China desk of Sprott Capital Partners’ Professional Metallurgy Engineer with over 35 years
for investors in the resource sectors. With N.Y. banks, experience in process development, plant operation,
he completed financings, M&As, and divestitures in the optimization, engineering and he has successfully managed
Americas and Europe. Mr. Brown has more than 30 years in the a number of large international mining/mineral projects with
financial capital markets. He holds a Bachelor’s Degree multi-billion-dollar capital investments.
in Economics and a Master’s Degree in Finance.
Has held senior roles globally, as: Chief Engineer of Zijin
Mining Group; a VP of Ramu NiCo Management Ltd. in Papua
Ms. Aier Wang Director New Guinea; and a Technical Director of Hatch Ltd.
Over 20 years business success as an: investment manager in
financial, health, and real estate, and wood product
Stephen du Toit Advisor
businesses; and currently Executive Director of its Over 30 years worldwide operations experience with large
conglomerate group. Ms. Wang holds an Executive Master's companies. Stephen is presently the EVP and COO of
Degree in business administration. Coca-Cola Canada. He is a Charted Management Accountant
(CIMA) and a Fellow of the Procurement Institute of Europe.
INVESTOR PRESENTATION CNResources.com 20TIMELINES AND WORK PLAN
Focus on Growth in PGM Resources and Mine Development
Accomplishments to Date
Private placement financing for Phase 1 Exploration.
Completed NI43-101 Technical Report.
2021/22
Follow-up funding for Phase 2 exploration programs
Phase 1&2 exploration programs including:
Re-model and re-estimate resource to include PGM in the cutoff grades
for inferred and indicated potential.
Expand metallurgical tests with current and alternative processing
technologies for target PGM and Base Metals.
Drilling for high-grade nickel-copper massive sulfides with the ultramafic
intrusions and high-grade PGM mineralized zones.
Establish high-grade resources for PGM in low sulfide zones with
definition drilling along the known mineral zones.
Environmental / engineering studies and community engagement.
INVESTOR PRESENTATION CNResources.com 21Thank you
299 Courtneypark Drive East 905-696-8288 (Canada)
Mississauga, Ontario L5T 2T6
1-888-688-8809 (Toll Free)
CNResources.com investor@CNResources.com
CANADIAN NORTH
RESOURCES INC.
WEBSITE - INVESTORS
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