north american infrastructure conference - oct. 16, 2012

North American Infrastructure ConferenceNorthwestern Ontario

(Central Canada)

“$80 Billion + in New Mineral Resources” October 16, 2012

Mineral Exploration – Northwestern Ontario

Lac des Iles Mines

RING OF FIRE $30-50B

• Ontario is an exploration and mining destination; $10B annual contribution to economy.

• 60% of world’s mine financings are Toronto-based.

• Active miners in Ontario include: Barrick Gold, Goldcorp Inc., Debeers, Vale and Xstrata.

Mines and MajorMineral Exploration Projects

Northwestern Ontario

Musselwhite MineGoldcorp Inc.

Red Lake Gold MineGoldcorp Inc.

#3 Shaft

Barrick Gold Corp.

David Bell MineWilliams Mine

Lac des Iles MineNorth American Palladium Ltd.

Projected Economic ImpactMining Sector in NWO (2013-2017)*

• 13 new mines

• Estimated life 7-30 years

• 671 Kilometers road construction

• 30 Kilometers rail construction

• 800 Kilometers transmission construction

• 622 Megawatts power

• 4,155 construction jobs

• 3,551 operational jobs

*Industry statistics compiled as at Sept. 6, 2012, for CEDC*Excludes expansion requirements of (5) existing mines (Williams Mine, David Bell Mine, Musselwhite Mine, Red Lake Mine, Lac des Iles Mine) who employ 3545 staff/contractors

Goldcorp Inc. – Red Lake Gold Mine High Grade Zone

Rubicon Minerals CorporationRed Lake

Goldcorp Inc. – Bruce Channel DepositUnderground Tramway

Osisko – Hammond ReefAtikokan

Treasury MetalsDryden

Premier GoldGreenstone

Ring of Fire DiscoveriesLargest and first deposit to be developed by

open pit methods. 69.5 mt

and grading 31.9% Cr2O3.

Ring of Fire Discoveries

CLIFFS NATURAL RESOURCES :

Diamond drilling Black Label Chromite Deposit and other targets proximal to Black Thor

Investigating type of mineralization; genesis of the deposit

Ring of Fire Discoveries

NORONT RESOURCES:

Noront released a Positive Feasibility Study for Eagle’s Nest Project on September 4.

Blackbird Chromite resource tripled to 20.5 million tonnes grading 35.67%

Noront exploring lower grade Cu-Ni-PGE targets including AT12

Diamond drilling mid 2012

Major NWO Exploration Programs Mine Production (2013-2017)

(Total in-ground value of $80 Billion)Company (Deposit) Start    Year Mine Life Capital Cost Forecasted Jobs 

C= construction        O= operating

Cliffs Natural Resources ‐ Chromite   2016 30 $3.3 B 750 ‐C  750 ‐O

Noront Resources ‐ Copper/Nickel 2016 11 $609 M 800 ‐C   400 ‐O

Rubicon Minerals Corp.‐ Gold 2013 12 $300 M 50 ‐C    278 ‐O

Rainy River Resources Corp. ‐ Gold 2015 13 $681 M 675 ‐C   618 ‐O

Osisko Resources ‐ Gold  2016 14 $614 M 530 ‐C  530 ‐O

Stillwater Canada Ltd.‐ Palladium/Platinum, Copper 2015 11.5 $400 M 400 ‐C 375 ‐O

Goldcorp Inc. ‐ Bruce Channel Deposit ‐ Gold 2014 20 $420 M 100 ‐C 100 ‐O

Bending Lake Iron Corp. ‐ Iron 2016 35 $1 B 700 ‐C 300 ‐O

Treasury Metals ‐ Gold 2016 9 $117 M 150‐C200‐O

Premier Gold Mines ‐ Gold ‐‐ ‐‐ ‐‐ ‐‐Rockex Mining Corp. ‐ Iron ‐‐ ‐‐ ‐‐ ‐‐Magma Metals ‐ Platinum & Palladium ‐‐ 7 $360 M ‐‐PC Gold Inc. ‐ Gold ‐‐ ‐‐ ‐‐Total $7.3 B 4155 ‐ C        

3551‐ O

ConclusionFor more information please contact:

Steve Demmings, CEOJohn Mason, Project Manager, Mining Services

Thunder Bay Community Economic Development Commission (CEDC)

P.O. Box 800 Thunder Bay, OntarioCANADA P7C 5K4

General Office: 807 625-2480Toll Free: 1-800-668-9360

Fax: 807 623-3962

Email: jmason@thunderbay.caWebsite: www.ThunderBayCEDC.ca