Chidliak Diamond Project Update. September 1 23, 2015 Nunavut Trade Show Iqaluit, NU

Transcription

1 Chidliak Diamnd Prject Update September 1 23, 2015 Nunavut Trade Shw Iqaluit, NU

2 Frward lking statement Frward-Lking Statements: All statements, ther than statements f histrical fact, that address activities, events r develpments that the Cmpany believes, expects r anticipates will r may ccur in the future, including, withut limitatin, the prpsed explratin prgram, funding availability, anticipated explratin results, resurce estimates and future explratin and perating plans are frward-lking statements. These frward-lking statements reflect the current expectatins r beliefs f the Cmpany based n infrmatin currently available t the Cmpany. Frward-lking statements are subject t a number f risks and uncertainties that may cause the actual results f the Cmpany t differ materially frm thse discussed in the frward-lking statements and, even if such actual results are realized r substantially realized, there can be n assurance that they will have the expected cnsequences t, r effects n, the Cmpany. Factrs that culd cause actual results r events t differ materially frm current expectatins include, amng ther things, availability and cst f funds, timing and cntent f wrk prgrams, results f explratin activities, interpretatin f drilling results and ther gelgical data, wrld diamnd markets, future diamnd prices, reliability f mineral prperty titles, changes t regulatins affecting the Cmpany's activities, delays in btaining r failure t btain required prject apprvals, peratinal and infrastructure risk and ther risks invlved in the diamnd explratin business. Any frward-lking statement speaks nly as f the date n which it is made and, except as may be required by applicable securities laws, the Cmpany disclaims any intent r bligatin t update any frwardlking statement, whether as a result f new infrmatin, future events r results r therwise. Althugh the Cmpany believes that the assumptins inherent in the frward-lking statements are reasnable, frward-lking statements are nt guarantees f future perfrmance and accrdingly undue reliance shuld nt be put n such statements due t their inherent uncertainty. 2

3 PEREGRINE PROFILE Leading Canadian diamnd explratin cmpany perating since 2003 with ur main fcus n diamnd explratin Publicly traded n the Trnt Stck Exchange Symbl PGD Peregrine team has discvered 2 imprtant new diamnd districts in Nunavut Chidliak/Qilaq (2008/2010) and Nanuq (2007) Lac de Gras (DO-27) has 18.2 millin carat resurce and is 27 km frm Diavik Lead prject is Chidliak n suth Baffin Island 3

4 MINI-BULK SAMPLING / DELINEATION Recnnaissance Explratin Land Acquisitin 1 st Kimberlite & Diamnds Mini-bulk Sampling & Delineatin Advanced Explratin & Bulk Sampling PEA/Prefeasibility/ Feasibility Permitting & Mine Cnstructin Mine Opening Began explratin n Baffin Island in 2005 Staked land in 2007 First kimberlite discvered in 2008 Cntinued explratin led t 71 kimberlites discvered t end f kimberlites cnsidered by Peregrine t have ecnmic ptential, 7 within pririty area 4

5 ENVIRONMENTAL / ARCHAEOLOGY Recnnaissance Explratin Land Acquisitin 1 st Kimberlite & Diamnds Mini-bulk Sampling & Delineatin Advanced Explratin & Bulk Sampling PEA/Prefeasibility/ Feasibility Permitting & Mine Cnstructin Mine Opening Archaelgical surveys Caribu surveys Water quality mnitring Fish surveys Eclgical surveys 5

6 BULK SAMPLING Recnnaissance Explratin Land Acquisitin 1 st Kimberlite & Diamnds Mini-bulk Sampling & Delineatin Advanced Explratin & Bulk Sampling PEA/Prefeasibility/ Feasibility Permitting & Mine Cnstructin Mine Opening 5.83 ct US$20,143 $3,455/ct 4.62 ct US$13,569 $2,591/ct dry tnnes trenched frm CH-6 Sample hauled frm site t Iqaluit verland alng winter trail 1,013.5 carat parcel f cmmercial size diamnds (207 grams) 8.87 ct $36,158 $4,076/ct 4.11 ct US$10,650 $2,591/ct Estimated 2.58 carats f diamnds per tnne f rck Average value f $213 per carat 6

7 CH-7 LDD MOBILIZATION Recnnaissance Explratin Land Acquisitin 1 st Kimberlite & Diamnds Mini-bulk Sampling & Delineatin Advanced Explratin & Bulk Sampling PEA/Prefeasibility/ Feasibility Permitting & Mine Cnstructin Mine Opening 7

8 CH-7 LDD RC DRILLING Recnnaissance Explratin Land Acquisitin 1 st Kimberlite & Diamnds Mini-bulk Sampling & Delineatin Advanced Explratin & Bulk Sampling PEA/Prefeasibility/ Feasibility Permitting & Mine Cnstructin Mine Opening Six 22 hles drilled by LD RC rig at CH wet tnnes f screened kimberlite cllected (abut 800 tnnes equivalent) Diamnds frm this sample will prvide diamnd grades fr CH-7 and diamnds fr a valuatin 8

9 CH-7 BULK SAMPLE SHIPPING Recnnaissance Explratin Land Acquisitin 1 st Kimberlite & Diamnds Mini-bulk Sampling & Delineatin Advanced Explratin & Bulk Sampling PEA/Prefeasibility/ Feasibility Permitting & Mine Cnstructin Mine Opening 654 bags flwn frm site t Iqaluit (737, DC3, Twin Otter, Helicpter) Samples shipped in 62 cntainers via NEAS and NSSI Desgagnes Trucked in 23 vans frm the prts in Mntreal t the SRC labratry in Saskatn fr DMS prcessing Prcessing started September 14 9

10 PROCESSING AND PEA Recnnaissance Explratin Land Acquisitin 1 st Kimberlite & Diamnds Mini-bulk Sampling & Delineatin Advanced Explratin & Bulk Sampling PEA/Prefeasibility/ Feasibility Permitting & Mine Cnstructin Mine Opening Prcessing CH-7 bulk sample thrugh the SRC s DMS expected t be cmpleted by end Nvember Final diamnd recvery anticipated by early January Independent diamnd valuatin in Q1, 2016 PEA expected Q2, 2016 Selected CH-7 Diamnds: Largest diamnd is 2.18 ct Remainder f timeline is idealized 10

11 PEREGRINE ECONOMIC IMPACTS $90,650,000 spent n Baffin Island prjects since 2005 Lcal service prviders include: Grcers and ther retailers Restaurants and htels Heavy equipment prviders Air and sea carg shipping cmpanies Flight services cmmercial and charter Envirnmental Bulk fuel and mre 11

12 PEREGRINE LOCAL HIRES Accumulated 5,872 persn days nrthern hires since 2008 Trained persnnel in varius jbs including perating heavy equipment Encurage ur cntractrs t hire lcally 12

13 SUMMARY Peregrine is fcused n diamnd explratin 71 kimberlites discvered t date at Chidliak (up t 5 ha in size) 8 kimberlites cnsidered by Peregrine t have ecnmic ptential Chidliak at advanced explratin stage with bulk samples frm 2 key kimberlites DMS prcessing f CH-7 bulk sample cllected during winter 2015 is under way Preparing a Preliminary Ecnmic Assessment expected in Q Peregrine is cmmitted t wrking with lcal businesses and cmmunities Peregrine strngly believes that respnsible diamnd explratin and develpment will benefit the peple f Nunavut 13

14 14 THANK YOU