N t E l ti O i 2013Nunavut Exploration Overview 2013

Paul Budkewitsch District GeologistPaul Budkewitsch – District Geologist

17th Nunavut Mining Symposium April 7-11, 2014 Iqaluit, Nunavut

AANDC Activities 2013AANDC Activities 2013

• Annual Exploration Overview magazine published

• 37 new industry Mineral Assessment Reports released in 2013

• New Mining Regulations and Map Selection in development

• Updated Glossary of Mining and Geoscience Termsp y g

Look for these publications:Look for these publications:Designed for Nunavummiut:Designed for industry and

regulators:

Regional Overview Handouts Overview magazine and mapKivalliq, Kitikmeot, Qikiqtaaluk

http://cngo.ca/exploration-overview/

2013 Highlights2013 Highlights

• Baffinland signed an Inuit Impact Benefits Agreement with the Qikiqtani Inuit Association

• Baffinland announced a positive construction decision for Mary Ri i j t d NIRB b itt d it t t th Mi i t fRiver iron project and NIRB submitted its report to the Minister for decision on the Early Revenue Phase proposal

• Bulk sample collected from Chidliak CH-6 kimberliteBulk sample collected from Chidliak CH 6 kimberlite

• Rankin to Meliadine all-weather road completed

• Several projects advancing through Environmental Assessment process

• Positive Prefeasibility Study for Back River gold project

• Hope Bay gold project acquired by TMAC Resources

2013 Nunavut Exploration and Deposit Appraisal2013 Nunavut Exploration and Deposit Appraisal Expenditure Estimates

Iron $4.8MUranium $17.9M

Diamonds $9.0M

Base Metals $81.3M

Precious Metals $157 2MPrecious Metals $157.2M

Nunavut Total$270.2 million4th in Canada

Source: NRCan Mineral Statistics

2014 Nunavut Exploration and Deposit Appraisal2014 Nunavut Exploration and Deposit Appraisal Expenditure Intentions

Diamonds $10.5M

I $6 6M

Uranium $22.6M

Precious Metals $86 2M

Iron $6.6M

Precious Metals $86.2M

Base Metals $40.5MNunavut Total$166.5 million5th in Canada

Source: NRCan Mineral Statistics

Who is doing the exploration work?

Juniors Seniors

Who is doing the exploration work?

500600

300400

Mill

ions

$220M

0100200$

M $220M per year(16 yr average)

0 1999200020012002200320042005200620072008

2009

2010

2011

2012

2013

2014

$3.5 billion since 1999Source: NRCan Mineral Statistics

What is the Mineral Tenure Status?What is the Mineral Tenure Status?

15 000

Permits  Claims  Leases 

10,000

15,000

al A

ctiv

e

5,000

Tota

0 2003

2004

2005

2006

2007

2008

2009

2010

201 1

2012

20131 2 3

Source: AANDC-NRO

Wh t th ti j t i 2013?What are the active projects in 2013?

12 Gold - Au7 B M t l Z C Ni A7 Base Metal – Zn, Cu, Ni, Ag5 Iron – Fe 4 Uranium - U4 Uranium - U3 Diamond – (C)1 Coal – C

32 total projects

IronDiamondsGoldGoldGoldGoldBase MetalsUraniumCoal

M d b k G ld MiMeadowbank Gold Mine

• Millionth ounce produced April 2013• 11,000+ tonnes ore per day facility• Record 2013 production of 430,613 ounces• 1.8M ounces open pit reserves

Operating mine life to 2018• Operating mine life to 2018

Courtesy: Agnico-Eagle Mines Ltd.

P i M t l E l ti P j tPrecious Metal Exploration Projects

Kitikmeot• Back River• Back River• Hope Bay• Itchen Lake• WishboneKivalliq• Kiyuk• Meliadine• Pistol Bay• Pistol Bay

Diamond Exploration Projects

KivalliqKivalliq• LuxxQikiqtaniQikiqtani• Mel• Chidliak

Courtesy: Peregrine Diamonds Ltd.

Coal Permits

Qikiqtani• Nunavut Coal

C3

B M t l E l ti P j tBase Metal Exploration Projects

Kitikmeot• Hackett River• Hood• Hood• Izok CorridorKivalliqKivalliq• ATLAS-1Qikiqtani• Storm/Seal

Courtesy: Aston Bay Holdings Ltd.

I E l ti P j tIron Exploration Projects

QikiqtaniM Ri• Mary River

Oth B M t l E l ti P j tOther Base Metal Exploration Projects

Qikiqtani• West Melville

U i E l ti P j tUranium Exploration Projects

Kivalliq• Angilak (Lac 50 Trend)• Kiggavik

Oth E l ti P t ti l?Other Exploration Potential?

Rare Earth ElementsRare Earth Elements• HREE, LREEPlatinum Group ElementsPlatinum Group Elements• Rh, Pd, Re, Os, Ir, PtOther metals• In, Ge• Nb, Ta

Li• Li

SSummary

• One operating gold mine

• One gold project and one iron project with project certificatesproject with project certificates

• Six projects advancing through environmental assessment processprocess

• Continued exploration in all three regions

• New discoveries and new projects

Contact

Paul BudkewitschDistrict Geologist, Mineral ResourcesAANDC Nunavut Regional OfficePh: 867-975-4292paul.budkewitsch@aandc.gc.ca

Mineral Resources, Nunavut Regional OfficeMatthew Senkow, Paul BudkewitschAli Bi i St Sh A d M kAlia Bigio, Steve Sharpe, Andrea Markey

www aandc-aadnc gc cawww.aandc aadnc.gc.ca