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
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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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