Introduction.
It’s obvious the world is looking down a looming lithium deficit. Even if each and every single lithium task presently in pre-production were to be made functional by 2030, there will still be at least a 10 percent supply space– lithium production might even struck a difficult cap in 2027
Stated space might hobble efforts to shift to net-zero and welcome tidy energy Lithium is perhaps among the most essential battery metals where sustainability is worried. An essential part in electrical car batteries, lithium is likewise a significant restricting consider their production
Part of the issue is the existing state of the international lithium supply chain. China presently manages approximately 70 percent of international lithium production in spite of just providing 13 percent of the world’s lithium. Challenging this supremacy needs the facility of both domestic production and a domestic supply chain for lithium. More significantly, it needs the capability to quickly bring big amounts of spodumene lithium to market.
Having actually seen the composing on the wall, North Arrow Minerals (TSXV: NAR) is leveraging its years of experience and understanding checking out for resources in Canada’s north to take the chance in the fast-growing lithium market and give production numerous highly-promising spodumene pegmatite deposits in Northern Canada.
North Arrow, after all, has a benefit over other junior mining business seeking to profit from the lithium market. The business has actually had a substantial existence in Nunavut and the Northwest Territories for several years now. Its management is more than acquainted with the lots of obstacles of mining in the north.
More significantly, North Arrow’s management has actually developed and kept strong relationships with both provincial federal governments and neighborhood leaders. When the business requires to survey a website or check out a job, it does not send out specialists. It guarantees its own individuals have boots on the ground.
That is among the factors North Arrow is a two-time winner of the Nunavut Mining Seminar Corporate Award. These neighborhood connections along with North Arrow’s competence have actually currently served it well. It has, so far, developed 3 significant lithium jobs in the North– DeStaffanay, Baffin Island and Bathurst Inlet.
Of these, DeStaffanay is the business’s flagship and the resource with the best capacity to quickly bring spodumene lithium to market. Effectively staked at a substantially lower expense than its equivalents, the task hosts some exceptionally appealing lithium mineralization. It likewise has the advantage of being found on the coastline of Great Servant Lake, guaranteeing simple gain access to through barge, while old spodumene direct exposures, due to historic mining efforts, enhance both drilling and sample collection.
An advanced-state lithium task in the Yellowknife Pegmatite Province, DeStaffanay covers approximately 1,800 hectares on the coasts of the Great Servant Lake. North Arrow preserves one hundred percent ownership over the task, which boasts the exact same geologic setting as Li-FT Power’s extremely effective Yellowknife Lithium task.
DeStaffanay is presently house to 2 lithium pegmatites called Moose 1 and Moose 2. Though both deposits are kept in mind in historic records, just one has actually ever been tapped. Moose 2 was test mined for tantalum, niobium and tin in the 1940s and 1950s. Neither deposit has actually been assessed or targeted for lithium.
Job Emphasizes:
- Tactically Found: DeStaffanay is located on the coasts of Fantastic Servant Lake, 115 kilometers east of Yellowknife and 18 kilometers northeast of the Nechalacho Rare Earth Mine. Its place enables simple air and barge access to both Yellowknife and the railhead at Hay River on the lake’s south side.
- An Appealing Lithium District: The Yellowknife Pegmatite Province is commonly acknowledged for its lithium capacity. Other gamers in the location consist of Patriot Battery Metals, Faithful Lithium and Gama Explorations.
- Existing Minework: Previous mining efforts have actually exposed as much as one meter of megacrystic spodumene in the pit walls. This spodumene was not targeted by stated mining efforts, nevertheless.
- Understood Pegmatite Deposits: DeStaffanay consists of 2 recognized lithium deposits, with the capacity for a lot more.
- Moose 2: With 30-meter-wide strikes as much as 450 meters in length, the Moose 2 deposit consists of feldspar, quartz, spodumene and muscovite, with as much as 40 percent spodumene in your area. Regional amblygonite (Li phosphate) zones (as much as 8.4 percent lithium oxide; 38.2 percent phosphorus pentoxide) might supply extra lithium advantage.
- Moose 1: The Moose 1 deposit has actually never ever been drilled. Due to absence of tantalum or niobium mineralization, it has actually likewise never ever been mined. Hosting strike lengths of 370 meters with a typical length of 4.5 to 6 meters, the deposit has actually however shown open to carry tasting, with the most current outcomes returning 1.5 percent lithium oxide at 7.5 meters.
- Strong Management: North Arrow’s group has previous lithium, tantalum and uncommon earth experience in the area, in addition to existing neighborhood ties that will show advantageous when staffing the task.
- Planned Field Work: North Arrow’s existing prepare for DeStaffanay consist of:
- Prospecting target locations outside the 2 pegmatite deposits based upon an evaluation of historical lithogeochemistry study and satellite images. Presently, North Arrow has recognized 8 lithogeochemical targets
- Mapping and channel tasting.
- Delineation drilling to even more specify strike depth and degree of spodumene zones, which will be finished all at once with metallurgic work.
- Prospecting and mapping with the objective of finding brand-new spodumene pegmatites.
Bathurst Inlet Lithium
The Bathurst Inlet Lithium task includes both mapped and analyzed pegmatite intrusives all situated within 9 kilometers of tidewater at Bathurst Inlet. The task’s southernmost mineral claim is within 12 kilometers of Sabina Gold and Silver’s Port Center, while North Arrow’s Oro Hope Bay Gold Residential or commercial property is approximately 80 kilometers to the northeast.
North Arrow got a 100-percent interest in the Bathurst Inlet Residential Or Commercial Property in February 2023 and has yet to examine the task for spodumene and associated lithium mineralization. A program is prepared for summer season 2023.
Baffin Island
Another current acquisition, Baffin Island’s staked targets lie within 12 kilometers of tidewater. They are likewise in a location where granite pegmatites with widths in the 10s of meters have actually been mapped by federal government geologists. North Arrow has not yet revealed its prepare for the task.
Other Projects: Gold and Diamond
Oro (Hope Bay)
North Arrow’s Hope Bay is a 100-percent owned, 4,130-hectare gold task situated simply 3 kilometers north of Agnico Eagle’s distinguished Doris Mine. North Arrow has actually validated near-surface gold mineralization over a strike of 300 meters, with prepare for more drilling.
Naujaat
0.31-carat expensive color, rectangle-shaped radiant-cut diamond.
The initial rough carat weight was 0.85 carats and the diamond was recuperated from the 2021 bulk sample of the Q1-4 kimberlite at the Naujaat Job.
The Naujaat task houses the biggest diamondiferous kimberlite pipeline in the Eastern Canadian Arctic in addition to an unusual population of yellow to orange diamonds. So far, North Arrow has actually recognized an overall of 8 kimberlite pipelines and associated dykes.
Pikoo
Found in east-central Saskatchewan, the Pikoo claims were very first staked in 2011 based upon the outcomes of local diamond expedition programs. Pikoo’s most substantial discovery to date, Kimberlite PK150, is approximately 10 to 15 meters broad with a 150-meter strike length traceable to 199 meters.
Loki
Positioned near to Canada’s very first 2 diamond mines, Loki covers 13,898 hectares. North Arrow has actually recognized numerous unsourced sign trains in the residential or commercial property’s north and south, consisting of the historical South Coppermine sign train.
Lac De Gras
Lac De Gras lies within the kimberlite field of the exact same name, which likewise hosts the first-rate Ekati and Diavik diamond mines. Developed as a joint endeavor with Arctic Canadian Diamond Business, the task is thought about to have substantial expedition capacity for diamondiferous kimberlites.
Management Group.
Ken Armstrong – President, CEO and Director
Ken Armstrong brings over 27 years of experience in the expedition market. Through this time duration, Armstrong has actually been associated with diamond, lithium, gold and nickel expedition in The United States and Canada. From 2008 to 2010 he was associated with North Arrow’s lithium spodumene expedition in North Carolina and northern Canada.
Armstrong likewise acts as a director of Cornish Metals and a director and existing past-president of the Northwest Territories & & Nunavut Chamber of Mines. He is a signed up expert geoscientist in the Northwest Territories, Nunavut, and the Province of Ontario. Armstrong directs North Arrow’s diamond expedition programs, evaluating all info of a clinical or technical nature associated to the business’s jobs prior to publication.
Wayne Johnstone – Chief Financial Officer
Wayne Johnstone finished from the University of British Columbia in 1977 with a Bachelor of Commerce (financing) and in 1979 made his chartered accounting professional classification. He has more than thirty years of monetary experience with public and personal business. Throughout the previous 25 years, Johnstone has actually concentrated on mineral expedition and advancement phase public business throughout North and South America. More just recently, he was the CFO of New Measurement Resources and of Creston Moly.
Brenda Nowak – Corporate Secretary
Brenda Nowak has more than thirty years of experience in the securities legal market. In addition to her function with North Arrow, she is likewise the business secretary for Cornish Metals (previously Strongbow Expedition) and NGEx Minerals. In the past, she held this exact same position for Filo Mining, International Northair Mines, New Measurement Resources, Troon Ventures, Stornoway Diamond, Capstone Mining, Creston Moly, Kaminak Gold, Bluestone Resources, Kivalliq Energy and West Melville Metals.
Prior to her profession as a business secretary in the junior resource sector, Nowak was a paralegal with DuMoulin Black LLP and held positions with Nexus Equity capital Attorney and Aber Diamond Corporation.
Eira Thomas – Consultant
Eira Thomas brings more than 25 years of experience in the mining market, consisting of 16 years with Aber Diamond Corporation following their discovery of the Diavik diamond mine where she served in ever-increasing functions from preliminary discovery as a geologist to vice-president expedition and eventually, director of the board. She was co-founder of Stornoway Diamond, serving initially as CEO and after that as executive chairman. There, she led the acquisition of the Renard diamond deposit which consequently ended up being Quebec’s very first diamond mine.
In 2007, Thomas established Lucara with partners Lukas Lundin and Catherine McLeod Seltzer and in February 2018, contributing to her directorship, ended up being the president and CEO of the business. Prior to this, Thomas functioned as CEO of Kaminak Gold, which was gotten by Goldcorp in 2016 for $520 Million. She is likewise a director of Suncor Energy.
Allison Rippin-Armstrong – Consultant
Allison Rippin-Armstrong has more than twenty years of experience in business social duty and ecological compliance, having actually worked for and encouraged resource business, Native and Territorial federal governments and non-government companies. Rippin-Armstrong has actually been included with jobs throughout northern Canada consisting of Nunavut, the Northwest Territories and Saskatchewan.
Rippin-Armstrong was likewise accountable for the ecological, allowing and neighborhood relations programs at Kaminak Gold prior to its acquisition by Goldcorp in July 2016. She is presently self-employed at ARA Environmental Consulting Providers Ltd.
Robin Hopkins – Consultant
Robin Hopkins is an expert geologist with more than twenty years’ expedition experience throughout Canada, Greenland and southern Africa. Hopkins functioned as vice-president of expedition for Stornoway Diamond Corporation from 2006 to 2019, formerly functioning as the chief technical officer of Stornoway’s predecessor business, Stornoway Ventures, from 2003 till 2006.
In Between 2000 and 2004, Hopkins was vice-president, of expedition for Navigator Expedition, and prior to that a crucial member of Aber Resources’ expedition group that found the Diavik Diamond Job pipelines in the Northwest Territories in 1994. He is a graduate of the University of Waterloo (H.B.A.Sc. Earth sciences) and a certified individual under NI 43-101.
D. Grenville Thomas – Chairman
Grenville Thomas has more than 50 years’ experience in the mining market, throughout which time he has actually developed a remarkable performance history of discovery, most especially the first-rate Diavik Diamond Mine and the Thor Lake uncommon metals deposit, both in the Northwest Territories.
He was the creator (and held positions of chairman, president and director) of Aber Resources (now Arctic Canadian Diamond Co.) and is presently a director of Cornish Metals and chairman and director of Westhaven Gold Corp.
Thomas’s discoveries have actually made him lots of honors, consisting of “ PDAC Prospector of the Year” for 1999 and “Guy of the Year” by The Northern Miner paper (2001 ). In January of 2009, Thomas was inducted into the Canadian Mining Hall of Popularity situated at the Royal Ontario Museum in Toronto, Canada.
Christopher Jennings – Director
Dr. Christopher Jennings gives the board comprehensive experience in diamond, gold and base metal expedition and advancement throughout the world. Jennings was the creator of SouthernEra Diamonds Inc., functioned as an expert to Aber Resources and has actually held positions with many business consisting of International Corona, BP Minerals (Canada) and Falconbridge.
Blair Murdoch – Director
Blair Murdoch has thirty years’ experience in senior management in both personal and public business, with competence including sales, marketing and financing. He is the chairman of Option-NFA, a business traded on the TSX Endeavor Exchange and he holds a B.Sc. (mathematics) from the University of British Columbia
Torrie Chartier – Director
Torrie Chartier has more than twenty years of experience as a diamond expedition geologist. In the 1980-90s, Chartier worked as an independent specialist and diamond geologist in expedition jobs for numerous junior business and was straight associated with the discovery of kimberlites in Michigan, NWT, Nunavut, and Greenland. She currently acts as CFO and a director of Uravan Minerals, a Calgary-based junior uranium explorer.
In March 2022, Elbow River Helicopters, the business she formed with her partner, Bruce Holloway, was offered to Blackcomb Helicopters. She has actually stayed on as local supervisor of company advancement.
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