2. North American Infrastructure Conference
Northwestern Ontario
(Central Canada)
“$80 Billion + in New Mineral Resources”
October 16, 2012

4. Mineral Exploration – Northwestern Ontario

5. Lac des Iles Mines

6. 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.

7. Mines and Major
Mineral Exploration Projects
Northwestern Ontario

8. Red Lake Gold Mine
Musselwhite Mine Goldcorp Inc.
Goldcorp Inc. #3 Shaft

9. Barrick Gold Corp.
David Bell Mine
Williams Mine

10. Lac des Iles Mine
North American Palladium Ltd.

11. Projected Economic Impact
Mining 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

12. Goldcorp Inc. – Red Lake Gold Mine
High Grade Zone

13. Rubicon Minerals Corporation
Red Lake

14. Goldcorp Inc. – Bruce Channel Deposit
Underground Tramway

15. Osisko – Hammond Reef
Atikokan

16. Treasury Metals
Dryden

17. Premier Gold
Greenstone

19. Largest and first Ring of Fire Discoveries
deposit to be
developed by
open pit
methods. 69.5 mt
and grading
31.9% Cr2O3.

20. 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

21. 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

22. 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‐C
200‐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

23. Conclusion
For more information please contact:
Steve Demmings, CEO
John Mason, Project Manager, Mining Services
Thunder Bay Community Economic Development Commission (CEDC)
P.O. Box 800
Thunder Bay, Ontario
CANADA P7C 5K4
General Office: 807 625-2480
Toll Free: 1-800-668-9360
Fax: 807 623-3962
Email: jmason@thunderbay.ca
Website: www.ThunderBayCEDC.ca