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: [email protected]: www.ThunderBayCEDC.ca