Trilogy Metals Company Profile

Trilogy Metals

ADVANCING THE AMBLER MINING DISTRICT IN ALASKA BY FORMING STRONG PARTNERSHIPS
Company Exposure

Cu, Zn, Pb, Au and Ag

Company Listing

Trilogy Metals Inc.

Stock Code

TSX:TMQ, NYSE American:TMQ

Company Overview



Trilogy Metals Inc. is a metals exploration company focused on exploring and developing the high-grade Ambler mining district in Alaska. The Company controls the mineral rights to approximately 353,000 acres of land containing two known mineral belts, the Ambler Schist Belt – a belt of polymetallic volcanogenic massive sulphide deposits (VMS), and the Bornite Carbonate Sequence – a series of carbonate-hosted copper replacement deposits. So far exploration work has outlined several deposits, including the Company’s Arctic (PFS stage) and Bornite (exploration stage) deposits which host over 8 billion lbs of copper, 3 billion lbs of zinc and over 1 million oz of gold equivalent precious metals. Trilogy Metals has an agreement with South32 Ltd which granted the option to form a 50/50 JV in the Alaskan assets for a minimum investment of US$150 million.

In February 2018 released Pre-Feasibility study (PFS) results at Arctic demonstrating a significant improvement over the 2013 PEA. Together with its partnerships, Trilogy is advancing the Arctic project towards construction decision while expanding the resource at Bornite.

Investment Highlights

  • Alaska – safe & mining friendly jurisdiction
  • Proven management team aligned with shareholders
  • Strong partnerships
    >>Local Partnership with NANA
    >>Infrastructure Partnership with State of Alaska
  • Financial Partnership with South32 Limited
  • Leverage to copper
  • 100% owned, low capex + low opex asset
  • Arctic among the highest grade VMS deposits in the world
  • Arctic PFS shows strong project economics
  • Attractive valuation
  • Exploration results at Bornit
Live Financials

Latest Announcements

Share Price Performance

Team

Rick Van Nieuwenhuyse – President & CEO
Elaine Sanders – VP & CFO
Bob Jacko – Arctic Engineering Manager
Andy West  – Exploration Manager & Qualified Person
Jennifer Harmer – Controller
Casey Lunn – Director of Business Development

Major Shareholders

The Electrum Group – 23.8%
Paulson & Co. – 13.4%
The Baupost Group – 10.0%
Selz Capital LLC – 8.5%
South32 Limited – 6.1%
Management & Directors – 8.9%

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Projects Overview


Ambler Mining District – Alaska

The Ambler Mining District has extensive mineral resources and has been characterized as one of the largest undeveloped poly-metallic mineral belts in the world.

  • Resource extractive industries are the largest contributors to Alaska’s economy
  • Largest zinc mine in the world operating for nearly 30 years
  • Well established permitting process
  • Supportive Borough Gov’t – tax base for region
Projects:

  • Arctic – PFS stage
  • Bornite – Exploration stage
NANA Agreement

  • NANA is a for‐profit US corporation with a social responsibility
  • NANA is a 100% Iñupiat-owned corporation with more than 14,300 shareholders
  • Option for NANA to be an equity partner (16% to 25%) or receive a net proceeds royalty (15% NPI)

 

AIDEA – Alaska Industrial Development & Export Authority:

  • AIDEA to permit and build AMDIAP (Ambler Mining District Access Project)
3 Separate High‐Quality Concentrates

Copper Concentrate

  • 90% recovery
  • 30.3% concentrate grade
  • No significant penalty metals

Zinc Concentrate

  • 91.7% recovery
  • 59.2% concentrate grade.
  • No significant penalty metals

Lead Concentrate

  • 80% recovery
  • 55% concentrate grade
  • 3% deduction for concentrates <60% grade
  • Ag 2,383 g/t (69.5opt); Ag payable 95%
  • Au 34 g/t (1opt); Au payable 95%
Bornite Project

Carbonate-Hosted Copper Deposit – Six Billion Pounds of Copper and Growing

  • Significant exploration upside – high-grade copper mineralization open in multiple directions.
  • 9 exploration holes, up to 1,400 meters deep.
  • Ground gravity survey
  • Ongoing hydrology, metallurgy & ABA
  • Cobalt potential
  • ~ 10,000m drill program in 2018

South32 – 50/50 Joint Venture

Option Payments – US$10 M/year for up to 3 years

  • Annual payments maybe increased upon mutual consent
  • To be spent on exploration at Bornite

 

South32 can exercise option to form the JV at anytime and pay the Subscription Price into the JV

  • South32 pays a premium of 150% to what we have spent to date of approx. US$100 million
  • US$150 million + Parallel Matching of Arctic Project budget each year to a maximum of US$5 million per year

Contact Details

WEBSITE: www.trilogymetals.com

EMAIL: info@trilogymetals.com

PHONE: +1.604.638.8088

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