@9999965857 🫦 Sexy Desi Call Girls Karol Bagh 💓 High Profile Escorts Delhi 🫶
Corporate Review – April 2011
1. CANADIAN ARROW MINES LTD.
CRO.V
Canada’s Emerging Nickel-Copper Producer
This presentation may contain "forward-looking statements" within the meaning of Canadian securities
legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-
looking statements are made as of the date of this presentation and the Company does not intend, and
does not assume any obligation, to update these forward-looking statements.
Forward-looking statements relate to future events or the anticipated performance of the Company and
reflect management’s expectations or beliefs regarding such future events and anticipated
Kenbridge
performance. In certain cases, forward-looking statements can be identified by the use of words such
as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", Timmins
"anticipates" or "believes", or variations of such words and phrases or statements that certain actions,
events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved", or the
negative of these words or comparable terminology. By their very nature forward-looking statements
involve known and unknown risks, uncertainties and other factors which may cause the actual Turtlepond
performance of the Company to be materially different from any anticipated performance expressed or
implied by the forward-looking statements. Such factors include various risks related to the Company’s
operations, which are detailed from time to time in the Company’s interim and annual financial
statements and management’s discussion and analysis of those statements, all of which are filed and
available for review on SEDAR at www. sedar.com. Although the Company has attempted to identify
important factors that could cause actual performance to differ materially from that described in forward-
looking statements, there may be other factors that cause its performance not to be as anticipated.
There can be no assurance that forward-looking statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.
Corporate Review – April 2011
2. Asset Valuation vs. Market Cap
3 Key Nickel‐Copper Assets: 104M lbs of NI 43‐101 contained nickel:
1. Kenbridge nickel‐copper project: 98M lbs of Ni @ US$3.55/lb C1 prod. cost
NPV @ US$10/lb Ni net of Cu credits: $253M
2. Alexo and Kelex nickel mines: 5.8M lbs of Ni @ US$5/lb prod. Cost
3. Arrow retains 2% NSR in Hart nickel project starting Q1 2012, (Liberty Mines Inc.*):
Life of mine net NSR revenue est’d @ $246M*2 NPV (@US$7/lb)
Arrow retains a 2% NSR @ US$10/lb = $9M
Total Net Asset Value: $282M
Market Capitalization:
Arrow Shares outstanding: 131,792,030 @ $0.09
*1 Internal estimate
Market Capitalization: $12M (96% discount to NAV) *2 Liberty Mines Inc. PEA, Feb 26,
Current nickel LME price: US$11.50/lb 2010)
Arrow Market Cap/lb Ni: US$0.12/lb (99% discount to LME market)
3. Corporate Information (as of April 20, 2011)
TSX Venture CRO.V
Majority Shareholders:
Share price $0.09
• Pinetree Capital 8.4 %
Market capitalization $12 M
• Management 7.8 %
Shares outstanding 131.8 M
Warrants 3.4 M
Fully Diluted 136.8 M
52 week high/low $0.125‐ $0.025
4. Why invest in nickel? Two thirds of world nickel
production consumed in stainless steel.
• World stainless production
has increased by avg. 8% qtr
Stainless and Heat Resisting Crude Steel Production over qtr in 2009-10.
35,000
• Record world production @
30,000
World 32mt in 2010
25,000 China
(1000 tonnes)
20,000 Asia w/ China • China has led the way: 41%
15,000
Asia w/o China
domestic production increase
The Americas
10,000 Central + Eastern Europe over the period.
W.Europe/Africa
5,000
• 70 nickel producers shut
0
2004 2005 2006 2007 2008 2009 2010
down in 2008, many
Source: ISSF International Stainless Steel
permanent
Forum
• Conventional Ni sulphide
deposits low risk, low capital,
*1% Nickel ~ 0.200 opt gold or 6.6 gpt low op’g cost compared to
laterites, pig nickel
(March 25, 2011)
5. Production Objectives:
Re‐start Kelex production Q3 2011:
Recent 2011 drilling to be included in
expanded Kelex resource estimate (in
progress)
Kelex metallurgical work (in progress at
Xstrata Process Services)
permit amendments (submitted, awaiting
approval)
Finalize custom milling/concentrate off‐take
terms with Xstrata integrating met test work
recoveries
Use cash flow from Kelex ($20M) plus Hart
NSR ($9M) to finance Kenbridge feasibility
($2M) and construction ($108M)
6. Production Timelines
2011 2012 2013
Timmins Production $20M CF
Kenbridge:
Permitting ($0.5M)
Feasibility ($2M)
Road work
Construction ($108M) Production
Hart NSR $2M/yr cash flow over 4.5 yrs
* Timmins projects offer opportunity to finance Kenbridge through feasibility
and into production with the Company’s own cash flow and minimal
requirement for equity financing
7. Projected Corporate Annual Cash Flow
Projected $454M net positive cash flow
Annual Projected Cashflow
over 10 years
$500,000,000
Near term production plan:
$400,000,000
• Re‐start Alexo/Kelex Mines;
$300,000,000
• access early cash‐flow at high
$200,000,000
metal prices within 6 months
$100,000,000
• generate $20M in cash flow
$0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 • Liberty Mines Hart Project NSR to
-$100,000,000
generate additional $5‐9M in cash flow
-$200,000,000
starting Q1 2012
Cumulative CF Timmins Hart NSR Kenbridge • Use cash flow to develop and construct
Kenbridge
• Generate additional $421M in cash flow
over 8 years
8. Timmins Projects Economics: 5.8 M lbs of contained
nickel in 6 zones
Kelex
• Total NI 43‐101Resource: Kidd Met
Site
• 249,500 tonnes @
1.08% nickel indicated Liberty
Mines Mill
• 54,000 tonnes @
0.84% nickel inferred
• Permits remain in place
• Custom milling facilities
now nearby
• Direct ore shipping
options
9. 2011 Drilling Results: New Massive Sulphide Lens
Discovery
2.13% Ni/4.9m
HUX‐04: 1.81% Ni/1.3m Indicated
resource blocks
30
0m
un
New 2011 Massive
dr
ille
sulphide lens discovery:
d
ALX‐01‐96: 2.51% Ni/0.77m
•5.84% Ni/0.6m
•5.01% Ni/1.0m
10. Hart Project: Liberty Mines Inc.
PEA completed March 2010:
1.7Mt @ 1.26% Ni 0.10% Cu potentially
mineable, 47.8m lbs contained Ni
Underground, ramp access, 4.5 yr LOM @
1,500 tpd
Net smelter revenue to Arrow:
$246M net NSR revenue:
2% NSR @ US$7/lb Ni = $5m
$435M net NSR revenue:
2% NSR @ US$10/lb Ni = $9m
11. Kenbridge Nickel‐Copper Project
• NI 43‐101resource of 98M lbs nickel, 52M lbs copper, contained
• Arrow completed PEA: stand alone open pit + UG,
mill/concentrator facility
• LOM C1 cash cost/lb Ni net of Cu: US$3.55/lb
Kenbridge
• Road access within 100 km of either CN or CP railheads;
1,500 km by rail to Sudbury
• Start‐up capital: $108M
• Former Falconbridge project, 60 man camp (1952‐58)
• 623m x 3 compartment shaft, (4th compartment at bottom 2
levels)
• two levels developed, bulk sampled
• metallurgical work completed (high Ni recoveries, low MgO)
• Base metals price crash in 1958 ‐ never mined
• Approximately $150M expended historically
Significantly de-risked
12. Kenbridge – Resources @ US$10/lb
Aug. 2008 NI 43‐101
Mine area & class Tonnes % Ni % Cu
Open Pit (M&I) 4.46 Mt 0.42 0.23
Underground (M&I) 2.67 Mt 0.96 0.50
Underground (Inf.) 0.1 Mt 1.38 0.88
• 98 M lbs of contained nickel
• 52 M lbs of contained copper 7.2% Ni
• Deposit is open at depth in all directions /5.5m
• High grades at depth, including
• 7.2% Ni over 5.5m (1.5 opt Au equiv) OP
• 4.3% Ni over 3.0m EN
OP
• PEA economics: EN
•US$10.00/lb Ni, $2.50/lb Cu, US$0.90 exch.
•LOM C1 cash cost/lb Ni net of Cu: US$3.55/lb
•pre‐tax NPV7.5%: $253 M, ($144M@ US$8/lb)
•pre‐tax IRR: 65% OPEN
4.3% Ni/3.0m
13. Kenbridge Site
Camp
Proposed
pit
Existing
2000’
Massive
Shaft
Sulphides
exposed
at surface
14. Lynn Lake, Manitoba Geological Model:
Comparable to Kenbridge Ni District ‐ Multiple Deposits,
mostly sub‐surface
Kenbridge, (superimposed)
Lynn Lake, Manitoba (Sherritt Gordon Mines) North America’s 3rd largest
nickel camp (1953-1976):
(Source: Victory Nickel • 22 Mt @ 1% Ni, 0.5% Cu from 12 deposits; 8 of which were sub-surface
Corp.)
15. Regional Exploration: an underexplored Ni‐Cu‐PGM belt
Kenbridge North
Turtlepond/Denmark projects:
• 9 separate Ni/Cu occurrences
including three new discoveries
within 70 km of Kenbridge
Kenbridge
15km strike of favourable structural
corridor
Several untested magnetic and EM
anomalies for field follow‐up.
Caribou Lodge
Discovery;
4.5% Ni/0.7m
16. Summary:
Two low‐risk, near‐term production projects plus NSR revenue
totaling $285M in net asset value
Market capitalization of $12M, (95% discount to NAV)
Opportunity to re‐start production, generate revenue in 2011
with minimal capital outlay and requirement to finance
Excellent exploration opportunities and land positions in both
project areas
NI43‐101 indicated nickel inventory market valuation of
US$0.09/lb vs. LME market price of $US12.40/lb Ni: 99%
discount to LME nickel price