NORRA METALS CORP - OK2 MINERALS
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Norra Metals Corp.
Norway
Golden Triangle, B.C and Sweden
Name change to Norra Metals Corp. from OK2 Minerals Ltd. is subject to TSX approval
Mineral
TSX-V: OK
TSX-VExploration
: OK Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 2019
Key Management & Directors
Mike Devji | CHAIRMAN, CEO & DIRECTOR
An experienced financier of public companies, Mr. Devji’s most recent success was as Vice President of ORKO SILVER CORP and was
responsible for raising more than $50 million to explore the LA PRECIOSA silver deposit in Durango, Mexico. Orko Silver was sold to
COEUR MINING in 2013 for $384 million. Prior to that, Mr. Devji led a group of investors who financed a 40% interest in the SOUTH
KEMESS GOLD-COOPER in British Columbia, Canada. That interest was subsequently sold for over $400 million.
George Cavey, P.Geo | VP EXPLORATION & DIRECTOR
Mr. Cavey has over 40 years in exploration and consulting as the president of OREQUEST CONSULTANTS. Past President of the
Geoscientists Canada. The 2004 recipient of the APEGBC C.J. Westerman Award. Also the recipient of the 2010 Canadian Professional
Geoscientist Award, Canada’s highest honor for a Professional Geoscientist. Consultant to the BCSC and the TSX Venture Exchange.
Former Vice President Exploration for ORKO SILVER who discovered the 264 million ounce LA PRECIOSA silver deposit. He was a member
of the Canadian Securities Administrators mining advisory committee (MTAMC) for many years.
Jim Currie, P.Eng | DIRECTOR
Mr. Currie is the former COO of PRETIUM RESOURCES INC. and has over 38 years of experience in the mining industry, and has held roles
in senior management, engineering and operations on a number of projects that have progressed through feasibility to successful
operation including the construction and development of NEW GOLD INC.'s New Afton gold mine in British Columbia. He is the 2014 co-
winner of AME BC’s prestigious EA Scholtz Award for Excellence in Mine Development for his work on New Afton.
Cyrus Driver, CA | CHIEF FINANCIAL OFFICER & DIRECTOR
Douglas Cavey | VP Business Development, CSR
Tag Gill, B.A.Sc., CGA | DIRECTOR
Blair Schultz, B.Math, Acc. Dir. | ADVISORY BOARD
Mr. Schultz has extensive knowledge in the capital markets having served as VP of K2 Investment Mgmt 13 years. In 2012, Blair became
Chairman of KLONDEX MINES and later an Executive Director, while they transformed an insolvent exploration project into one of TSX’s
most successful companies, evolving from a $40 million market cap explorer to a successful gold producer that now has been purchased
by Hecla Mining. He is a member of the Board for Eastmain Resources and Chair of the Audit Committee. Between 2015 and 2016, Blair
was a Director and Chair of the Committee of VMS VENTURES during which time he negotiated a successful sale to Royal Nickel.
2
TSX-V:
TSX-V
Mineral OK : OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 2019
Corporate Overview
TSX-V: OK | Frankfurt: 1KO
TRADING INFORMATION
SHARE STRUCTURE* (prior to share consolidation)
Issued & Outstanding 32,658,667 52 Week Low/High $0.02 - $0.09 CDN
Options
1,961,667
Current Trading Range $0.02 - $0.03 CDN
(exercise prices $0.50 – $1.15)
Warrants ( to Dec 2019)
(exercise price - $1.00)
7,525,952 SHARE OWNERSHIP
(after proposed financing)
Fully Diluted 42,146,296
* - based on a 3/1 share consolidation)
Management
& Associates
~20-25%
Notes- Name change from OK2 Minerals Ltd. Subject to TSX
approval
- Trading symbol, email address and website to change after EMX Royalty
share consolidation ~10%
- Please see Cautionary Language contained in the Forward
Looking Statements (page 42) 3
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 20193
Management Highlights
Proven Wealth Creators - Exit Opportunities for Investors
Management has a proven track record of providing exit
opportunities for investors
ORKO SILVER | taken over by Coeur Mining
La Preciosa Silver Deposit
KLONDEX MINES | taken over by Hecla Mining Corp
Fire Creek, Midas and Hollister Mines
VMS VENTURE | taken over by Royal Nickel Corp
Reed Mine
MIRAMAR MINING | taken over by Newmont Mining
Hope Bay Deposit
PRIMARY METALS | taken over by Sojitz Inc.
Panasqueira Tungsten Mine
ST PHILLIPS RESOURCES | taken over by Royal Oak Mines
Kemess South Copper/Gold Deposit
4
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 20194
Scandinavia Highlights
Two Countries,
Four High Quality Properties
• Norway
• Bleikvassli- Former SEDEX style Bleikvassli
Cu-Zn-Pb- Ag
Zn-Pb-Cu-Ag producer. Drill ready
Sagvoll
• Sagvoll-site of small scale VMS style Cu-Zn- Au Bastutrask
Ni-Cu-Co
Cu-Zn mines and historic Ni-Cu-Co Zn-Cu- Au
mine. Drill ready Meraker
Cu-Zn- Au
• Meraker- extensive area of Au
enriched VMS style Cu-Zn +/- Au
mineralized occurrences. Past small
scale mining
• Sweden
• Bastutrask-site of historic drill
programs, numerous VMS style
Zn-Cu-Au intercepts. Drill ready
5
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 20195
Norra Metals - EMX Royalty Deal
Two Countries, Four Properties, One Deal
• Norra to issue EMX common shares equivalent to 9.9% Equity ownership in Norra at
signing. Norra has continued obligation to EMX to issue additional shares of Norra to
EMX to maintain a 9.9% equity position until Norra has raised CDN $5.0 million;
thereafter EMX will have the opportunity to participate pro-rata in any other financings
in order to maintain its 9.9% equity interest.
• Norra will issue a 1% NSR to EMX on our 100% owned Pyramid Au-Cu porphyry project
• Annual Advance Royalty payments commencing year two. $20K per project per year,
increasing $5,000 annually. Option to forego payments of 2/4 projects for years three
and four. After payment reaches CDN$60,000, payments will be adjust each year
according to a pricing index agreed to by both parties.
• EMX to retain 3% NSR on each project buyable down to 2% for CDN$2.5 million
payment on or before the 6th anniversary.
• Norra to offer a seat on newly restructured Company Board of Directors.
6
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 20196
Sweden Highlights
One High Quality Property
• Sweden is one of Europe’s leading producers of metals
with a long and successful history for mining
• Streamlined and predictable permitting process.
• Many international and Swedish companies actively
exploring and currently developing mines
• Taxation incentives for project development from local
and regional governments
• 28% corporate tax rate, and no mineral tax
• Low licenses costs and excellent security of tenure
• Well developed access and infrastructure – roads, rail,
power, telecommunications
• Inexpensive power (
Bastutrask Property
In the well-defined VMS Belt within 60 kms of:
-Operating smelter
-6 operating mines
Mandalay Resources-Bjorkdal: Au
Boliden AB
-Kankberg: Au, Te
-Renström: Zn, Cu, Au, Ag
-Kristineberg: Zn, Cu, Pb, Au, Ag Bastutrask
-Maurliden: Zn, Cu, Pb, Au, Ag ?
-Maurliden Östra: Zn, Cu, Pb, Au, Ag
-Several developing projects
Barsele (Agnico Eagle)
17.7 Mt @ 2.75g/t Au+*
Fäboliden (Dragon Mining)
10.6 Mt @ 3.03g/t Au+
Norra Project
- Past producers
Svartliden (Dragon Mining)
* Based on Agnico Eagle 2016 year-end resource definition stated ownership of 55% of inferred resource
3.5 Mt @ 4.05g/t Au+ +Please review Cautionary Language contained in the Forward-Looking Statements slide at the end of this PowerPoint 8
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 20198
Bastutrask Property
?
Bastutrask
9
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 20199
Bastutrask Property
Volcanogenic massive sulphide
(VMS) mineralization intercepted
from drilling conducted in late
1960’s, mid to late 1980’s, and in
the 2000’s (by Boliden).
Public data are only available
from a few historic drill holes
(shown in red on the maps) and
they show significant intercepts
of Au-bearing VMS base metal
mineralization. Several notable Zn
intercepts (see table- true widths From To Length Zn Cu Pb Au Ag
Hole (m) (m) (m) % % % ppm ppm
unknown). STK61 309.12 328.15 19.03 6.31 0.02 0.18 0.04 4.9
STK61 Incl. 311.25 317.35 6.1 14.6 0.03 0.53 0.05 13.16
STK61 341.85 347.65 5.8 4.47 0.1 0.12 0.05 0.84
STK62 214.5 233 18.5 7.03 0.49 0.02 0.35 0.15
STK66 402.8 407.55 4.75 6.36 0.17 0 0.90 0.09
STK71 318.05 321.1 3.05 2.00 1.8 0 0.41 0.16
STK71 329.25 338.85 9.6 2.35 0.22 0 0.40 0.01
STK72 392.55 404.95 12.4 2.85 0.08 0 0.52 0.07 10
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201910Bastutrask Property
11
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201911Norway Highlights
Three High Quality Properties
• Supportive Mining Policy
• Very Low Power Costs
• High Labour Productivity
• Metal Endowment
• Culture of Mining
• Developing Region
?
• Great Exploration Upside
• National Mineral Strategy
Objectives
12
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201912Bleikvassli Property
Location
-Excellent access via paved roads, near town of Bleikvassli, ~6000ha in size;
-Excellent infrastructure, 50 km south of industrial/ mining town of Mo-I-Rana (deep water port/ airport)
Available Data
-Dozens of reports on mine and
nearby prospects, including: NGU
Airborne geophysical surveys
(1997), NGU soil geochem
surveys (1997), NGU Gravity
survey (1998).
Multiple published research
papers and studies
13
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201913Bleikvassli Property
History
-Mineralization discovered in 1914, exploration including drilling in 1941, development and test mining in 1947
-Flotation facility completed in 1957 with initial reserves of 2.6Mt @2.4% Pb, 4.2% Zn, 0.22% Cu*
-Open Pit Production and immediate inclined shaft, backfilling of tailings in the stopes
-In late 80s economics looked bad and only higher Zn would have helped the economics. At the time Pb was
priced two times the Zn price
-In the early 90s the concentrator had twice the capacity as needed, room and pillar mining method was
incorporated
-In 1991, production was increased from
250kt to 300kt a year
-Exploration in the early 90s was
concentrated on the other zones to the
north
-Mine flooded on Sept 26th 1997 with a
reported three years of reserves still in the
ground.
-Historic resources remaining at time of
mine closure: 720Kt@ 5.17% Zn, 2.72% Pb,
0.27% Cu, 45g/t Ag, 0.2g/t Au*
-Trying to reactivate in 1998 but abandoned
due to poor economics at that time
* Geological Survey of Norway (NGU) Ore Database, Deposit Area 1832-012, Feb 9, 2017. Note that Norra, (OK2 Minerals), is not aware of the key assumptions, parameters or methods,
including data verification techniques used by the NGU to prepare these historic estimates and has not performed sufficient work to verify these published resource numbers and therefore 14
is not treating the historical estimates as current mineral resources.
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201914Bleikvassli Property
Deposit Type
-In the Northern Norwegian Caledonides: District discovered 1914 and remained a producing district through
late 1990’s. Similar geology and mineralization to the Lundin Mining, Zinkgruvan deposit in Sweden.
Lundin Mining-Zinkgruvan deposit: Proven & Probable Reserves+ (June 30, 2017):
Zinc-rich mineralization: -11.9 mt@ 7.2% Zn, 2.9% Pb, 63 g/t Ag +
Copper-rich mineralization: -5.3 mt@ 1.8% Cu, 0.2% Zn, 26 g/t Ag +
* Lundin Mining Reserves and Resources June 30, 2017 : The Zinkgruvan Mine provides context for the Norra Bleikvassli project but is not necessarily indicative that the Bleikvassli project
hosts similar mineralization and should not be expected that similar resources can and will be defined at Bleikvassli in the future.
-Bleikvassli interpreted to be Sedex type deposit:
potential for basin-scale, massive sulfide system
as evidenced by the numerous Sedex occurrences
elsewhere on the licence
-Three key types of mineralization at Bleikvassli:
-Massive pyritic Zn-Pb-Cu mineralization
-Massive pyrrhotite, Cu rich (avg>1%) Zn-Pb
-Vein/disseminated wallrock mineralization
(remobilized from massive sulfide zones)-
reported to contain native Au/Ag
mineralization
-Precious metal contents never systematically
assessed across Bleikvassli deposit
15
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201915Bleikvassli Property
Geology and Mineralization
-In the Northern Norwegian
Caledonides: District discovered 1914
and remained a producing district
through late 1990’s. Within the
Rødingsfjellet Nappe Complex of
amphibolite grade, supracrustal rocks
(schists, carbonates, quartzites,
amphibolites). Clear zoning patterns
and hanging wall/footwall relationships
identifiable K-silicate alteration zones
and redox horizons analogous to
Zinkgruvan deposit in Sweden.
-Two main mineralized lenses 400 & 1500m strike length from 2-20 meters thick
-Operating mine flooded in Sept 1997- Norway’s last major metal producing mine.
-From 1957-97, produced: ~ 5Mt @4.0% Zn, 2% Pb, 0.15% Cu, and 25g/t Ag *
* Geological Survey of Norway Ore Database, Deposit Area 1832-012, Feb 9, 2017. Note that Norra (OK2 Minerals) has not
performed sufficient work to verify the published historic production records reported on this slide but considers them
relevant and reliable 16
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201916Bleikvassli Property
17
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201917Meraker and Sagvoll Properties
Location
-Central Norway within the historic Røros mining district, the
oldest and most prolific VMS mining district in Norway
- Cu-Zn VMS deposits
Historic Mining District
-Mining History reaching back into medieval times. (1645-1986)
-Combined production of 30Mt of Cu-rich VMS ore in Røros camp.
-Several historic copper smelters in the 1600-1800s
-Zn rich ores present, but were not the focus of historic mining
activities; many bodies of Zn-Cu mineralization remain; these are
the key targets for OK2
Asvallen (SWE) 36 Mt
Exploration
-Several areas have not been explored for decades
-New understanding of VMS deposits since the 70s
Zn-rich styles of mineralization remain unmined, and much
sphalerite-rich “waste” rock can be seen in historic dumps. Lokken 30 Mt
-Only shallow drilling in past – many areas of mineralization
remain open at depth and along strike
Available Utilities / Resources
-Rail access in area and deep water port (Trondheim) Hersjo 5.5 Mt
-Highways provide access to OK2 projects
-Low cost power available to project areas
-Large national drill core archive in area
-Access to partners inhouse geophysical and geochemical
instruments Tverrfjellet 19 Mt
Grimsdalen 8 Mt 18
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201918Meraker Property
Logistics
-Extensive areas of Au-enriched VMS style deposits
-Commanding land position of 18,600 ha
•No underlying interests
•Rail access and year-round access on paved roads
•Power lines cross through license
Geology
-VMS style mineralization focused along trend of Meraker Nappe, but is
also developed in other stratigraphic positions. Analogs with “Kuroko”-
style VMS systems (Cu-Zn-Au).
-Gold enrichment was not appreciated until mid-1990’s.
-Mineralization developed in felsic volcanic successions, with
subordinate mafic units; appears to be associated with rhyolite domes Mannifjell
and volcanic centers. Cu-Zn- Au
-Thrusting of several seafloor horizons over each other. Forming a
sequence of stacked nappes.
-Subsequent folding and deformation has focused sulfide mineralization
into fold hinges where grades and tonnages are greater.
-Greenschist metamorphism has coarsened up sulfide mineral
assemblages, improving metallurgy.
Lillefjell
Cu-Zn-Au
Mining History
-Mining of VMS style Cu-rich mineralization from 1760-1895 at Lillefjell
-Mining of VMS style Cu-rich mineralization from 1901-1918 at Mannifjell
+ Please review Cautionary Language contained in the Forward
Looking Statements slide at the end of this PowerPoint
19
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201919Meraker Property
Targets
-VMS-style mineralogy and metal assemblage
-Shallow historic mining and drilling, mineralization remains untested at depth
-Bedrock sampling by NGU (shown in tables) confirms presence of unmined surface areas
-Mapped exposures of mineralization extend for multiple kilometers along strike
-Little historic emphasis on exploitation of Zn and Au rich zones of mineralization
NGU Sample Cu Zn Pb Co Ni Ag Au
Sample # Type ppm pm ppm ppm ppm ppm ppb
ME96.01 Bedrock 47 143 84 38 8 1.1 93
TG93.036 Bedrock 9826 99999 3695 13 3 89.5 1868
Mannifjell
TG93.040 Bedrock 17437 96579 25 15 7 27.2 203 Cu-Zn-Au
TG93.041 Bedrock 3441 99999 593 6 2 37.6 1901
TG93.042 Bedrock 10489 99999 3057 16 2 59.1 954
TG93.043 Bedrock 15319 94564 3237 11 1 117 2135
TR-7-28 Bedrock 19 141 9 6 5 0.1 1
TR-7-29 Bedrock 11719 89532 3943 11 5 98 1591 Lillefjell
TR-7-30 Bedrock 497 37521 2253 15 33 18.5 503 Cu-Zn-Au
TR-7-31 Bedrock 317 64610 309 6 9 40.3 1321
NGU Sample Cu Zn Pb Co Ni Ag Au
Sample # Type ppm pm ppm ppm ppm ppm ppb
TG93.008 Bedrock 3164 10930 88 7 5 157.2 3745
TG93.058 Dump 6610 99999 1227 26 5 18.5 380 NGU Sample Cu Zn Pb Co Ni Ag Au
Sample # Type ppm pm ppm ppm ppm ppm ppb
TG93.059 Dump 6479 19218 842 16 3 11.7 292
HK90-038 Bedrock 37244 8412 573 56 14 12.8 20
TG93.060 Dump 15182 99999 116 14 3 14.6 215
HK90-040 Bedrock 13499 42100 887 111 8 9.8 217
TG93.061 Dump 17408 24009 65 13 4 20.3 323
HK90-041 Bedrock 80081 33572 1520 355 8 29 193
TG93.063 Dump 33425 16024 300 2 4 66.3 1083
HK90-042 Bedrock 12936 44459 732 153 14 5.8 101
TG93.064 Dump 16468 97892 76 38 3 35.4 714
HK90-043 Bedrock 52445 46429 1072 165 8 20.2 233
TR-1-3 Dump 3619 82819 425 20 17 26.8 2657
HK90-044 Bedrock 99043 12341 505 75 12 34.4 2542
TR-1-4 Dump 10156 83273 1674 12 8 25.8 482
HK90-046S Bedrock 36137 23698 733 158 12 13.6 120
TR-1-5 Dump 15689 1742 47 11 10 10.6 133 20
HK90-048 Bedrock 44169 19478 487 71 19 15 134
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201920Meraker Property
21
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201921Sagvoll Property
Geology
-Massive sulfide deposits hosted in felsic volcanic tuffs in greenstone belt
-Mineralization occurs along structural zones
-The historic Skjardalen nickel mine is associated with gabbroic and ultramafic units in
the SE area of the license
Mining History Gaulstad
-Mining of VMS style Cu-rich mineralization from 1865-1884 at Malsa and Gaulstad
Cu-Zn-(Au)
-Mining of Ni-Cu-Co mineralization from 1876-1891 at Skjardalen
Targets
-Both Cu-Zn (Au) VMS and Ni-Cu-Co targets
-Multiple untested EM anomalies along trends of know mineralization
-Shallow historic mining and drilling, mineralization remains untested at depth
-Bedrock sampling by NGU (in tables) confirms presence of unmined surface areas Malsa
-Mapped exposures of mineralization extend for multiple kilometers along strike Cu-Zn-(Au)
-Little historic emphasis on exploitation of Zn and Au rich zones of mineralization
Cu Zn Pb Co Ni Ag Au
Akervoll
NGU Sample #
Sample Type ppm pm ppm ppm ppm ppm ppb Cu-Zn-(Au)
175 Bedrock 31613 1153 3 427 6 12.5 56
Skjardalen
Ni-Cu-(Co)
177 Bedrock 11381 5818 261 75 14 7.9 226
178 Bedrock 30605 91361 13213 32 12 122.2 413
179 Bedrock 4437 43487 5060 2 3 38.4 135
180 Bedrock 18126 61661 1179 1 6 42.7 190
182S Dump 14925 23015 1633 90 4 24.8 275
NGU Sample Cu Pb Co Ni Ag Au
95.07 Dump 15606 21571 454 253 nd 10.9 138 Zn pm
Sample No. Type ppm ppm ppm ppm ppm ppb
95.08 Dump 5305 100000 18304 9 nd 147.3 146 MK96.05 Dump 11699 1850 38 343 64 4.2 13
95.09 Dump 14841 100000 19367 nd nd 67.5 160 MK96.51 Dump 53030 985 11 328 35 5.6 26
95.10 Dump 15351 100000 17482 nd nd 106.8 127 MK96.52 Dump 19335 372 13 383 35 1.8 34
95.11 Dump 22798 89303 1159 nd nd 37.1 142 MK96.53 Dump 47079 710 3 227 41 5.3 20
95.12 Dump 8538 59827 1143 12 nd 22.7 41 MK96.54 Dump 46352 906 7 223 64 4.9 21
95.16 Dump 6168 60116 562 128 9 6.5 25 MK96.55 Dump 37608 1579 17 187 42 7.5 46
95.22 Dump 30794 755 31 1012 8 12.7 86 MK96.56 Dump 12217 698 25 109 26 3 37 22
Mineral
TSX-V:
TSX-V OK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201922Sagvoll Property
23
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201923WORLD and SCANDINAVIAN VMS DEPOSITS*
(Bastutrask, Sagvoll and Meraker project target geological models highlighted)
Number of Dominate Tonnage Copper Zinc Lead Gold Silver
VMS Deposits, Location deposits Minerals (mt) Grade % Grade % Grade % Grade g/t Grade g/t
Abitibi Belt, Ontario 52 Cu-Zn 9.3 1.47 3.43 0.07 0.80 31.9
Bathurst Camp, New Brunswick 29 Zn-Cu-Ag 8.7 0.56 5.43 2.17 0.50 62.0
Green Tuff Belt, Japan 25 Zn-Cu-Ag 5.8 1.83 3.86 0.92 0.90 95.1
Skelleftea, Sweden (Bastutrask) 40 Cu-Zn-Ag-Au 4.5 1.15 4.29 0.59 1.40 51.0
Norwegian Caledonides (Sagvoll & Meraker) 47 Zn-Cu-Ag 3.2 1.55 1.99 0.38 1.03 16.3
Scandinavian VMS Mines Tonnage Copper Zinc Lead Gold Silver
++ indicates active mine Country Owner (mt) Grade % Grade % Grade % Grade g/t Grade g/t
Boliden++ Sweden Boliden AB 8.3 1.40 0.90 0.30 15.50 50.0
Renstrom++ Sweden Boliden AB 12.6 0.80 7.30 1.50 2.80 155.0
Kristineberg++ Sweden Boliden AB 31.4 1.10 3.20 0.40 1.20 37.8
Zinkgruvan (Zinc rich mineralization) ++ Sweden Lundin Mining 11.9 - 7.20 2.90 - 63.0
Zinkgruvan (Copper rich mineralization) ++ Sweden Lundin Mining 5.3 1.80 0.20 - - 26.0
Lokken Norway Orkla Group 25.0 2.10 1.90 0.10 0.30 19.0
Joma Norway Drake (ASX) 17.0 1.27 1.70 - - -
WORLD and NORWEGIAN SEDEX DEPOSITS*
Dominate Tonnage Copper Zinc Lead Gold Silver
SEDEX Deposits Location Minerals (mt) Grade % Grade % Grade % Grade g/t Grade g/t
Sullivan Mine BC Pb-Zn-Ag 160.0 - 5.90 6.60 - 68.0
Mt Isa Australia Pb-Zn-Cu-Ag 88.6 0.06 6.10 7.10 - 160.0
Broken Hill Australia Pb-Zn-Cu-Ag 180.0 0.20 9.80 11.30 - 175.0
Rammelsberg Germany Zn-Pb-Cu-Ag 30.0 1.00 19.00 9.00 - 103.0
Tynagh Ireland Zn-Pb-Cu-Ag 12.3 0.40 4.50 4.90 - 58.0
Black Angel Greenland Pb-Zn 11.2 - 12.9 4.2 - -
Bleikvassli (Historic production) Norway Zn-Pb-Cu-Ag 5.0 0.15 4.00 2.00 - 25.0
Bleikvassli (Historical resources)* Norway Zn-Pb-Cu-Ag 0.7 0.27 5.17 2.72 - 45.0
* Norra has not performed sufficient work to verify any of the published historic resource/reserve estimates or production records shown and is not treating these estimates as NI43-101 compliant resources or
reserves. Although relevant, they should not be relied upon until they can be confirmed. Norra states that our qualified person has been unable to verify the historic resource/reserve numbers on other projects, 24
deposits or mines in the area of the Norra projects and that the information is not necessarily indicative of the mineralization on the Norra properties.
TSX-V:
TSX-V OK: OK EXPLORING THE GOLDEN TRIANGLE Exploring in the North January 2019242019 BUDGETS - Norway, Sweden and BC
PROJECT BUDGETS
PROJECTS (Excluding G & A)
BASTUTRASK (Sweden) - NI43-101 Scandinavia Kinskuch
report, acquisition of Boliden drill data, Item
2018-19 2019
ground magnetometer geophysics, PROPOSED
check drilling of historic holes (3-4 Geological
$180,000 $207,000
diamond drill holes) Consultants
BLEIKVASSLI (Norway) - NI43-101 Environmental
$50,000 0
Studies
report, baseline environmental studies,
digitizing data, 3D modeling, down the PROPOSED Diamond Drilling $670,000 $534,000
hole geophysics, near-mine check drilling Geophysics $90,000 $100,000
(4-6 diamond drill holes)
SAGVOLL (Norway) - NI43-101 report, Analysis $10,000 $80,000
reconnaissance diamond drilling of old
PROPOSED Field Support $50,000 $235,000
structures observed in the area of the
old mine workings (2-4 drill holes) Reports (incl 43-
$50,000 $36,000
MERAKER (Norway) - NI43-101 report, 101)
reinterpretation of government airborne PROPOSED Contingency
$100,000 $108,000
geophysics, ground geophysical surveys @10%
TOTAL $1,200,000 $1,300,000
KINSKUCH LAKE (BC) - Diamond Drilling,
PROPOSED
4-5 holes initial 2,000-2,500m Commences Commences
Winter Summer
2018-19 2019
25
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201925BC Highlights
Two High Quality Properties
• Exploring two high quality properties, Pyramid & Kinskuch Lake, in the vicinity of the
world class copper and gold deposits in BC’s Golden Triangle
• Safe jurisdiction
• BC’s Golden Triangle is Canada’s most active area for exploration and development by
both junior and senior companies in 2018
• Over 150 million oz of gold, 750 million oz of silver, and 50 billion lbs of copper have
been found
26
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201926Kinskuch Lake Property
Advanced Copper-Gold Porphyry Target
Kinskuch Lake is located in the metal-rich
region of the southern Golden Triangle
that includes some of the most active
exploration/ development projects in BC
Pretium | BRUCEJACK
Seabridge | KSM
Ascot | PREMIER
IDM | RED MOUNTAIN
Auryn | HOMESTAKE RIDGE
Dolly Varden | TORBRIT/DV
Imperial | RED CHRIS
Over 150 million oz of gold, 750 million oz
of silver, and 50 billion lbs of copper have
been found in the Golden Triangle
27
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201927OK
Kinskuch Lake Property
28
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201928Kinskuch Lake Property
History and Deal
• Nearly 40 companies have conducted exploration work in the Kinskuch Lake claim (geological mapping,
prospecting, sampling, drilling, etc.) since the early 1900s. Some of the senior mining companies (or their
subsidiaries) that have conducted recent exploration in the area:
• Only 13 holes have been drilled (2,140m) in the past 14 years
• NorraMetal has the right to earn a 100% interest in the project subject to a 1% mineral royalty . To earn
our interest, the Company must make the payments totaling $1,725,000 and incur exploration
expenditures totalling $1,650,000 by 2021:
• pay $100,000 in 2019 and have incurred $350,000 in exploration expenditures by late 2019;
• pay $170,000 in 2020 and have incurred $850,000 in exploration expenditures by late 2020,
• pay $270,000 in 2021 and have incurred $1,650,000 in exploration expenditures by late 2021,
• pay $1,000,000 by late 2022.
• To date OK2 has spent approximately ~$350,000 in exploration expenditures and paid $155,000
29
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201929Kinskuch Lake Property
Receding Ice – New exploration targets
Extensive Glaciers
Director Cavey – 1980 Same Glaciers – 2016
Glaciers have receded since 1980 providing new mineral exposures
30
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201930Kinskuch Lake Property
Regional Geological
Setting
The only two areas in the
Golden Triangle where
known gold silver deposits
exist on the west side of a
large regional fault structure
and porphyry deposits exist
on the east side of the
regional fault structure
31
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201931Silver Basin
Block
(status
pending)
VMS Block
(status pending)
(Recently
dropped)
32
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201932Kinskuch Lake Property
Advanced Copper-Gold Porphyry Target
Silver Basin
Block X
(status
pending)
Kinskuch Lake Block
VMS Block
30 km2 (status pending)
Area of 2017 Mapping & Sampling FOREST KERR 1965
16m of 1.22% Cu
43.7m of 0.23% Cu
2017 OK2 rock sample
Historic VMS sulphide grab samples
Historic mineral resource
33
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201933Kinskuch Lake Property
NOR-2017 Current and Historic Rock Sampling
2017 NOR Kinskuch Lake grab samples Rock exposure due to
42 samples over 2.25km averaging 0.57% Cu, and receding glaciers – 2016
0.35g/t Au
2.02 g/t Au, 9.31 g/t Ag, & 1.54% Cu
2.84 g/t Au and 6.74 g/t Ag & 1.79% Cu
2.39 g/t Au, 3.38 g/t Ag, 5.12% Cu
30.1 g/t Ag, 12.5% Cu
Historic VMS grab samples
5.6 g/t Au, 99.7 g/t Ag
2.3% Pb, 10% Zn, 39 g/t Ag, 2.6% Pb, 1.4% Zn
14 g/t Au, 5.2 g/t Ag
Other samples- 11.6% Zn, 8.1% Cu 41.0 g/t Ag
Historic Mineral Resource (reported in 1956)
Several million tons of 0.4% Cu* (Northwest Expl.)
*- The company is not considering this as a reliable,
current mineral resource and has not verified it.
34
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201934Kinskuch Lake Property
Geophysical Anomalies (ZTEM airborne resistivity)
Target area of 2018 Drilling
42 rock samples over 2.25km averaging 0.57% Cu, and 0.35g/t Au
CANADIAN EMPIRE (2003)
Big Bulk Porphyry 25m of 0.86% Cu and 0.64g/t Au
Cu-Au Target 50m of 0.33% Cu and 0.21 g/t Au
FOREST KERR (1965)
16m of 1.22% Cu
43.7m of 0.23% Cu
VMS/Epithermal
Targets
NORTHWEST EXPLORATION (1956)
Historic Mineral Resource
Several million tons of 0.4% Cu*
VMS Block
(status pending)
ZTEM Resistivity Anomaly
*- The company is not considering this as a reliable, current mineral resource and has not verified it. 35
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201935Kinskuch Lake Property
Hecla Exploration (base maps from Hecla Mining Corp website, May 2018)
Norra Claims
Norra Claims
Hecla Claims
(in yellow)
36
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201936Kinskuch Lake Property
Sub Horizontal Porphyry Model at Kinskuch Lake
Classic Porphyry Model
Sub Horizontal Porphyry Model
General orientation of
previous drilling of the
Big Bulk porphyry
Paleosurface
Paleosurface
Roots
Roots
Current Kinskuch claims position 37
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201937Kinskuch Lake Property
Copper-Gold Porphyry Drilling Targets- 2018
FOREST KERR 1965
CANADIAN EMPIRE (2003) 16m of 1.22% Cu
25m of 0.86% Cu and 0.64g/t Au 43.7m of 0.23% Cu
50m of 0.33% Cu and 0.21 g/t Au
PALEO -
- Possible Untested, Highly Prospective,
SURFACE
ROOTS Core Zone Corridor
drill sites
Tilted porphyry model:
• Porphyry emplaced upright is tilted into a subhorizontal orientation
• Surface outcrop exposes a 1.5 km vertical section of porphyry
• High Cu:Au ratios in deep, western outcrops; lower Cu:Au ratios in
shallow, eastern outcrops
Possible Drill sites 2018 Program
38
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201938Pyramid Property
• High potential, underexplored region
• Road accessible, in BC’s most
productive copper-gold belt
• Raw prospect, property has never
been previously explored
• 100% owned, (1% royalty)
• Geology, geophysics, and
geochemistry show evidence of
porphyry Cu-Au deposits
• Assessment credits good until at least
2025
• 2017 Exploration program completed
consisting of more RC drilling and
three diamond drill holes.
39
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201939Pyramid Results
• All seven RC drill holes completed
intersected mineralized intrusives and all • 2013 -2016 returned values as high as 4.6 g/t and
West intervals returned anomalous copper East 11.5 g/t Au and 0.31% Cu in altered intrusives
values with associated elevated gold values and 3.52 g/t Au, 7.87 g/t Ag, and 1.73% Cu.
Zone Zone
• The 2016-17 RC drilling demonstrated the gold • Disseminated mineralization occurs with values
is associated with hydrothermal alteration and up to 0.90% Cu, 1.1 g/t Au 2016 work significantly
the gold copper values are indicative of a expanded the zone, now more than 3.5 km2.
primary porphyry environment • Two RC holes returned anomalous gold values of
• Two diamond drill hole completed (875m) 0.28 g/t Au over 29 m (PY-17-04), including
• PD-17-02 (485m) returned 481.5m of 0.19 4.57m of 1.43 g/t Au. Also 0.12 g/t Au over
g/t Au Eq (0.16 g/t Au) including 19.2m of 91.44m (PY-17-05).
0.60 g/t Au Eq (0.57 g/t Au) from 101m • This zone represents an excellent diamond drill
and 75.0m of 0.35 g/t Au Eq (0.32 g/t Au) target.
from 278m.
East Zone East Zone
RC Drill RC Drill
Hole PD-17-02: 283m- Disseminated sulphides in multi- phased gold
40
bearing quartz veining
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201940Why Norra Metals?
Norra Metals Corp and Orko Silver history
1 Orko sold to Coeur Mining for $384 Million
Six High Quality Properties
Exploring two high quality properties in the vicinity of the world
2 class copper and gold deposits in BC’s Golden Triangle and four
copper, zinc lead and silver projects in Norway and Sweden
Proven Wealth Creators
3 Management are proven wealth creators through new discoveries
Exit opportunities for investors
4 Management has a proven track record of providing exit
opportunities for investors
41
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201941Forward Looking Statements
This presentation may contain forward-looking statements within the meaning of Section 21E of the Securities
Exchange Act of 1934 as amended and forward-looking information within the meaning of the Ontario Securities Act.
These forward-looking statements involve known and unknown risks that may cause actual results to be materially
different from those implied herein including, without limitation, risks and uncertainties relating to the interpretation of
drill results and the estimation of mineral resources; the geology, grade and continuity of mineral deposits; the
possibility that future exploration and development results will not be consistent with the Company’s expectations;
accidents, equipment breakdowns, labour disputes or other unanticipated interruptions in exploration and
development; the potential for unexpected expenses; commodity price or currency fluctuations; or failure to obtain
adequate financing on a timely basis. Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may differ materially from those presented in forward-looking
statements. Accordingly, you are cautioned not to place undue reliance on the forward-looking statements made in this
presentation and to make reference to the company’s prospectus and technical report for further information.
Cautionary Language- Norra Metals Corp. (OK2 Minerals), has not performed sufficient work to verify the published
drill data and historic resource/reserve estimates shown in this PowerPoint (slide 14). Norra is not aware of the key
assumptions, parameters or methods, including data verification techniques used by the Geological Survey of Norway
(Deposit Area 1832-012, Feb 9, 2017) to prepare these historic estimates and therefore is not treating the historical
estimates as current mineral resources. Likewise, drill intercepts are reported as published (slide 10) and have not
been confirmed. However, the drill-delineated mineralization and resource/reserve numbers (slides 8, 15 & 24) are
as reported in various online and other publicly available sources is considered relevant. Norra states that our
qualified person has been unable to verify the historic resource/reserve numbers on other projects, deposits or
mines in the area of the Norra projects and that the information from projects outside the boundaries of the Norra
projects (slides 8 & 15) is not necessarily indicative of the mineralization on the Norra properties that are discussed in
this PowerPoint presentation.
This presentation has been prepared by the Company, George Cavey, P.Geo., who is the Qualified Person responsible for
the preparation of the scientific and technical information related to the Company’s operations that is included in this
presentation. 42
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201942Contact
HEAD OFFICE
Suite 480 – 505 Burrard Street
PO Box 217
Vancouver BC Canada V7X 1M3
604.684.4691
mike.devji@ok2minerals.com
C 604.258.8666
www.ok2minerals.com
Note- trading symbol, email address and website to change after share consolidation
43
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 201943Notes
44
Mineral
TSX-V:
TSX-VOK: OK
Exploration Exploring in the North
EXPLORING THE GOLDEN TRIANGLE January 2019You can also read
