Ministry of Northern Development, Mines and ForestryMinistry of Northern Development, Mines and Forestry

Mineral Development Mineral Development Activity Activity

Northwest OntarioNorthwest OntarioApril 2011April 2011

Apr 2001 - $270 Apr 2011 - $1500 Dec 2008 - $180 Apr 2011 - $750

Dec 2008 - $1.30 Apr 2011 - $4.30 Dec 2008 - $5.00 Apr 2011 - $12.00

Red Lake MineRed Lake Mine- Gold- Gold

Goldcorp Inc. – operatingGoldcorp Inc. – operating Located in Balmertown, Located in Balmertown,

Municipality of Red LakeMunicipality of Red Lake Campbell and Red Lake mine Campbell and Red Lake mine

complexescomplexes Since 1935 Red Lake Camp has Since 1935 Red Lake Camp has

produced – 26 million oz of goldproduced – 26 million oz of gold Goldcorp & Lac Seul FN forming Goldcorp & Lac Seul FN forming

an Environmental Monitoring an Environmental Monitoring CommitteeCommittee

Cochenour ProjectCochenour Project - Gold- Gold

Goldcorp Inc. – past-producerGoldcorp Inc. – past-producer Located in the town of Located in the town of

CochenourCochenour De-watering shaft to access De-watering shaft to access

Bruce Channel depositsBruce Channel deposits

Phoenix ProjectPhoenix Project - Gold- Gold

Rubicon Minerals Corp. – Rubicon Minerals Corp. – historic sitehistoric site

Located approx. 5 km NE of Located approx. 5 km NE of CochenourCochenour

Underground infrastructure Underground infrastructure constructed in the 1950’s constructed in the 1950’s and upgraded in the 1980’sand upgraded in the 1980’s

Adv. Exploration in 2009, Adv. Exploration in 2009, underground development underground development and drilling underwayand drilling underway

Anticipate submission of Anticipate submission of production Closure Plan production Closure Plan

Musselwhite MineMusselwhite Mine- Gold- Gold

Goldcorp Inc.Goldcorp Inc. Located ~130 km N of Pickle LakeLocated ~130 km N of Pickle Lake Expansion – new shaft, tailings changes, Expansion – new shaft, tailings changes,

hydro requirementshydro requirements

Rainy River Resources Rainy River Resources ~50 km NW of Fort ~50 km NW of Fort

FrancesFrances Underground advanced Underground advanced

exploration projectexploration project MoU signed with Fort MoU signed with Fort

Frances Chiefs Frances Chiefs Secretariat, May 2010, Secretariat, May 2010, IBA discussions continuingIBA discussions continuing

AE program deferredAE program deferred

Rainy River ProjectRainy River Project - Gold- Gold

Hammond Reef ProjectHammond Reef Project – Gold– Gold

Osisko Mining Inc.Osisko Mining Inc.

– – scoping, Env. scoping, Env. AssessmentAssessment

Located ~23 km N Located ~23 km N of Atikokanof Atikokan

8 FNs signed MoU 8 FNs signed MoU in Sept 2009 with in Sept 2009 with former proponent, former proponent, Brett ResourcesBrett Resources

Steep Rock LakeSteep Rock Lake – Iron – Iron

Bending Lake Iron GroupBending Lake Iron Group environmental baseline environmental baseline

studies, land tenurestudies, land tenure Mine Life >35 yearsMine Life >35 years Employment of 300 direct, Employment of 300 direct,

700 construction700 construction Steep Rock-withdrawn from Steep Rock-withdrawn from

staking, Bending-60 patented staking, Bending-60 patented mining claimsmining claims

Located ~7 km N and ~75 km Located ~7 km N and ~75 km NW of AtikokanNW of Atikokan

Will produce merchant pig Will produce merchant pig ironiron

David Bell MineDavid Bell Mine - Gold- Gold

Barrick Gold Inc. – Barrick Gold Inc. – productionproduction

Located approx. 35 km Located approx. 35 km east of Marathoneast of Marathon

CPAs filed Dec 2009 and CPAs filed Dec 2009 and Apr 2010Apr 2010

Closure set for Q3 2014, Closure set for Q3 2014, purchase of Golden Giant purchase of Golden Giant leases extended the leases extended the mine life by 2 yearsmine life by 2 years

Golden Giant MineGolden Giant Mine - Gold- Gold

Newmont Canada Inc.Newmont Canada Inc. Located ~35 km east of MarathonLocated ~35 km east of Marathon production ceased 2006, sold leases to production ceased 2006, sold leases to

Barrick, retain tailings and water treatmentBarrick, retain tailings and water treatment

2005 2020

Williams MineWilliams Mine - Gold- Gold

Barrick Gold Inc. Barrick Gold Inc. Located ~35 km E of Located ~35 km E of

MarathonMarathon CPA submitted Q3 of CPA submitted Q3 of

2010, pit expansion 2010, pit expansion to extend mine life to extend mine life from 2015 to 2026from 2015 to 2026

Agreements in place Agreements in place with Pic River FN & with Pic River FN & Pic Mobert FNPic Mobert FN

Marathon ProjectMarathon Project– Copper, Palladium,– Copper, Palladium,Platinum, Gold, SilverPlatinum, Gold, Silver

Stillwater Canada Inc. Stillwater Canada Inc. – – env. assessment env. assessment

Located ~10 km N of Located ~10 km N of MarathonMarathon

6 aboriginal groups6 aboriginal groups 6 environmental 6 environmental

groupsgroups Employment: 300 Employment: 300

direct, 600 direct, 600 constructionconstruction

Hardrock ProjectHardrock Project- Gold- Gold

Premier Gold Mines Premier Gold Mines Limited Limited

– – advanced explorationadvanced exploration Located approx. 4 km S Located approx. 4 km S

of Geraldton of Geraldton Permits expected Q2 of Permits expected Q2 of

2011 re u/g exploration2011 re u/g exploration Long Lake 58 FN, Long Lake 58 FN,

Ginoogaming FN, MétisGinoogaming FN, Métis

Lac des Iles MineLac des Iles Mine – Palladium, Copper, Nickel,– Palladium, Copper, Nickel, Gold Gold

North American Palladium Limited North American Palladium Limited

– – restarted in April 2010, underground restarted in April 2010, underground expansion underwayexpansion underway

Located ~90 km NLocated ~90 km N

of Thunder Bayof Thunder Bay

Black Thor ProjectBlack Thor Project – – ChromiumChromium

Cliffs Natural ResourcesCliffs Natural Resources Investment projected to Investment projected to

be $3-5 billionbe $3-5 billion Mine life >50 yearsMine life >50 years 800 direct jobs, 2200 800 direct jobs, 2200

constructionconstruction Environmental baseline Environmental baseline

work initiated work initiated Located ~125 km NE of Located ~125 km NE of

Marten FallsMarten Falls Potential to be largest Potential to be largest

mineral development in mineral development in ON in many decadesON in many decades

Eagle’s Nest ProjectEagle’s Nest ProjectNickel, Copper, Platinum, Nickel, Copper, Platinum, PalladiumPalladium

Noront Resources Ltd.Noront Resources Ltd. Mine Life: >10 yearsMine Life: >10 years Environmental baseline workEnvironmental baseline work Proposed concentrator near Proposed concentrator near

Webequie with road link to Webequie with road link to Pickle Lake area i.e. SWPickle Lake area i.e. SW

Mining ~ 1 M t/yearMining ~ 1 M t/year Intersection of mine Intersection of mine

development anddevelopment and Far North ActFar North Act

Upcoming ProjectsUpcoming Projects1.1. Big Daddy (Cr) – Big Daddy (Cr) – KWG KWG

ResourcesResources2.2. Werner Lake (Co) – Werner Lake (Co) – Puget Puget

VenturesVentures3.3. Fish Island (Fe) – Fish Island (Fe) – RockexRockex 4.4. Thunder Bay North (PGE) – Thunder Bay North (PGE) –

Magma MetalsMagma Metals5.5. Kenbridge (Cu) – Kenbridge (Cu) – Canadian Canadian

ArrowArrow6.6. Griffith (Fe) – Griffith (Fe) – Northern IronNorthern Iron7.7. Sturgeon River (Au) – Sturgeon River (Au) – LaurionLaurion8.8. Cameron Lake (Au) – Cameron Lake (Au) – CoventryCoventry9.9. Madsen Mine (Au) – Madsen Mine (Au) – ClaudeClaude10.10. Pickle Crow (Au) – Pickle Crow (Au) – PC GoldPC Gold11.11. Thierry Project (Cu) – Thierry Project (Cu) – CadillacCadillac 12.12. Goliath Project (Au) – Goliath Project (Au) – TreasuryTreasury

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MNDMF ContactsMNDMF Contacts

Mineral Development Office:Mineral Development Office: Mike Grant ……… 807-475-1746Mike Grant ……… 807-475-1746 Mark O’Brien …… 807-475-1106Mark O’Brien …… 807-475-1106 Peter Hinz ……..… 807-475-1368Peter Hinz ……..… 807-475-1368

Resident Geologist ProgramResident Geologist Program John Mason ……… 807-475-1331John Mason ……… 807-475-1331