1. Izok Corridor Project: Kitikmeot Community Visit
November 2013
Drilling at High Lake

2. Outline of the Presentation
Izok Corridor Project Overview
Review Project Alternatives
Project Status and Next Steps
Ham camp west of Izok Lake

3. Izok Corridor Project Summary
The Izok Corridor Project is a proposed zinc- copper-lead development located 250 km southeast of Kugluktuk. The expected life of the mine is approximately 12 years.
The project comprises four parts: 
Open pit and underground mines at the Izok Lake and High Lake
A single processing plant producing mineral concentrates from Izok and High Lake ore 
A port at Grays Bay on the Coronation Gulf; and
A 325 km all-season road linking all the sites
Izok Corridor Project Overview

4. Izok Corridor Project Economic Evaluation: Reminder
The project proposal filed with NIRB has proven to be not economic. The alternatives considered to improve the economic viability of the Project and take advantage of exploration included:
Mining schedule (faster at Izok)
Production rates (increased)
Execution plan (Izok mined first)
Moving the mill to the coast
Using modules (pre-fabricated buildings)
Adding more ore; pending exploration success
NOTE: No firm decisions have been made on the alternatives
Snack by the James River (2008)

5. Izok Corridor Project Izok Lake

6. Izok Corridor Project Ham Lake near Izok Lake

7. Izok Corridor Project Izok Camp
Izok Mine
Izok resource is 14.8 million tonnes zinc, copper, and lead
Open pit mining
Alternatives summary
Faster mining rate; would reduce Izok mine life to 5 years from 12 years
No mill at Izok; mill would be located at Grays Bay
Izok mine closure would start while High Lake is still in operation
Izok Mine Overview

8. Izok Corridor Project High Lake

9. Izok Corridor Project High Lake
High Lake Mine
High Lake resource is 17.2 million tonnes zinc and copper
Open pit and underground mining
Alternatives summary
Mining at High Lake would start towards the end of mining at Izok instead of at the same time
Mining at High Lake would begin years into the project
Camp at Grays Bay would service both High Lake and the Port
High Lake Area Overview
High Lake Deposits

10. Izok Corridor Project Mill and Road
Aug. 2012: Proposed mill at Izok to process two million tonnes of ore per year into concentrate.
Alternative: Mill at Grays Bay processing up to three million tonnes of ore per year. Mill would be modular and brought to site by barge.
Road
Aug. 2012: Proposed all-weather road connecting mines to new port at Grays Bay - ~350km.
Alternative: Modifications in routing shortening the road by 25 km.

11. Izok Corridor Project Camps
Aug. 2012: Camps at High Lake and Izok with small facility at Grays Bay.
Alternative: Main camp at Grays Bay and Izok. Temporary camp at High Lake. Still under consideration.

12. Izok Corridor Project Modular has been done before
POLARIS (Zinc Mine 1981 – 2002)

13. Izok Corridor Project Modular has been done before
LNG Liquifier - Statoil
32,000 tonne LNG Plant shipped in 2005, same weight and size as MMG’s concentrator barge module
Statoil recently contracted Dockwise to ship a 45,000 tonne module in 2015

14. Izok Corridor Project Hood Property
Additional resource
Aug. 2012: Two mine sites: Izok Lake and High Lake deposits (mines) in Nunavut
Alternative: Add Hood Property as a third deposit. More resource drilling needed before addition of Hood can be confirmed
Timing
Open pit and underground mining for zinc and copper;
Aug. 2012: Mine Izok and High Lake at the same time over 12 years
Alternative: Mine Izok first followed by High Lake.
Re-alignment of Izok Road confirmed

15. Izok Corridor Project Grays Bay

16. Izok Corridor Project Artist rendering for Grays Bay

17. Izok Corridor Project Shipping
The proposed shipping activities follow existing surveyed shipping routes through the Northwest Passage.
Shipping season of days per year between mid-July and mid-October.
Six to eight ships for a total of round trips per year. Ship size still being determined.
650,000 to 875,000 wet metric tonnes of mineral concentrates shipped out each year depending on final project configuration.
Resupply includes ~ 45 million litres of diesel oil brought in per year and approximately 25,000 tonnes of other cargo.
Westward passage to Asia

18. Izok Corridor Project Status and Next Steps
Project proposal filed with the Nunavut Impact Review Board (Aug. 2012)
The NIRB recommends to the AANDC Minister that the Project go through a review (December 2012)
The Minister confirms a review (April 2013)
MMG requests a pause in the review process until MMG files a revised Project description (April 2013). MMG commits to get back to NIRB in December 2013
NIRB requests an update on the timing of the revised Project description by November 18, 2013
MMG has advised the NIRB that we would not be submitting a revised Project description at this point and would provide a Project up-date towards the end of next year

19. Izok Corridor Project Project Status and Next Steps
Environmental Programs
MMG will continue to develop and refine environmental management and monitoring programs using data gathered from MMG field programs and input from community forums
MMG is in the process of finalizing a comprehensive suite of baseline reports for the Project, including:
Wildlife (including: Caribou, Grizzly Bears, Wolves, Muskoxen)
Vegetation, landforms and soils
Aquatic environment (including: water quality, fish)
Marine environment (including: water quality, fish, marine mammals)
Social, cultural and economic information about the Kitikmeot
Traditional knowledge
MMG will continue to collaborate with government and Aboriginal groups on key environmental and planning issues
Participation in Nunavut land use planning process
Attendance at upcoming caribou and wildlife workshops

20. Izok Corridor Project Project Status and Next Steps
2014
Continue developing design alternatives
Continue with exploration in the Izok corridor region
Limited environmental field program. Focus on desktop activities and report evaluation
Community up-dates
Drill program

21. Comments and Feedback Contact Information
Vancouver, British Columbia
Scott Trusler Heidi Klein
Manager Approvals Stakeholder Relations Lead
E E
Kugluktuk, Nunavut
Donald Havioyak
Community Liaison Officer E T
Office Location:
2 Amagok Street
PO Box 188
Kugluktuk, NU X0E 0E0

22. IZOK CORRIDOR PROJECT
Thank You Koana