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- NWT Exploration & Mining Prospects 2012 -. Presentation to NWT Chamber of Commerce AGM Yellowknife – April 3, 2012. Discussion Items. Industry update Our challenges Encouraging signs How you can help. Current NWT Mineral Production. CanTung (tungsten). Ekati (diamonds).

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nwt exploration mining prospects 2012

- NWT Exploration & Mining Prospects 2012 -

Presentation to NWT Chamber of Commerce AGM Yellowknife – April 3, 2012

discussion items
Discussion Items
  • Industry update
  • Our challenges
  • Encouraging signs
  • How you can help
current nwt mineral production
Current NWT Mineral Production

CanTung (tungsten)







Snap Lake


value of mineral production 2011
Value of Mineral Production, 2011

Natural Resources Canada – March 2012

  • Diamonds are up by $40 million over last year, and tungsten is up by $55 million.
  • Benefits to date: 17,000+ person-years employment; $9+ billion northern business
  • Important that we take actions to help sustain and even grow this production.
future of nwt mines
Future of NWT Mines
  • Find ways to sustain our mines
  • Attract investment in new mines and exploration to sustain benefits
nwt what s in the wings



Howard’s Pass (YT)

(base metals)


(gold, cobalt, bismuth)

Prairie Creek (base metals, silver)




(rare earths)

Gahcho Kue


Pine Point

(base metals)

NWT: What’s “in the wings”
6 new nwt mining opportunities
6 New NWT Mining Opportunities

PROVISO: This data is taken from public information that represents best case scenarios. Actual project timing and opportunities are subject to market prices & conditions, regulatory approvals and timing, investor approval, etc.

  • NWT has 6 mining proposals advancing.
  • They are not slam dunks, but we are optimistic
  • Could help fill the void when diamond mines decline & close
total value of 6 proposed new nwt mines
Total value of 6 proposed new NWT mines
  • Capital investment – about $1.8 billion
  • Annual operating expenditures – about $700 million
  • Jobs at peak – about 1,400
  • Total person years employment – more than 25,000
  • Total expenditures over life – more than $14 billion
but need for more exploration
But, need for more exploration
  • If all 6 NWT projects become mines, the direct jobs will just equal jobs at the Ekati mine. Five years after Ekati, Diavik is slated to close.
  • We need more exploration.
grassroots exploration building the future
Grassroots Exploration: building the future

Base metals, diamonds

Base metals, silver



Copper, gold




Copper, nickel, cobalt



we must attract more exploration

NRCan March 2012

We must attract more exploration
  • Languishing NWT exploration investment (compare Yukon and NU).
  • Upside? We created this, therefore we can change this.
the nwt challenges
The NWT Challenges
  • Maturing industry – Ekati to close in 2019
    • Requires many new mines to replace world class Ekati and Diavik
  • Languishing exploration
  • Regulatory complexity
    • complex and outdated MVRMA; significant public concern sending small grassroots projects to EA
  • Access to land
    • Protected Areas Strategy – $25m with no balancing Economic Development strategy has helped conservation bias
  • Aboriginal consultation & participation
    • consultation requirements not clear, Akaitcho Exploration Agreements, unsettled land claims
encouraging signs
Encouraging Signs
  • 6 new mines proposed
  • Small upturn in exploration investment
  • Regulatory certainty – legislation being modernized by Federal government
  • GNWT Priority – NWT Mineral Development Strategy
  • Aboriginal support
    • Akaitcho MOU, Tli Cho’s Kwe Beh Working Group
    • Pan Territorial Training Strategy
how you can help
How you can help

You are all leaders who have influence

Get to know your mining neighbours

Think and work creatively with them

Offer your support through:

Chamber of Mines, Commerce, Construction Assoc.

Your land claim organizations

Government leaders and officials

Strength in working together

We can create our own Opportunities

why it matters
Why it matters

Courtesy Diavik Diamond Mines Inc.