NorthIsle Copper and Gold (NCX) Mining Forum Europe 2026 summary

Project highlights and strategic positioning

• Major copper-gold porphyry project in British Columbia, controlling 40 km of a 50 km district with significant growth potential.

• Achieved top performance on TSXV in 2025 and raised over CAD 155 million in equity within six months.

• Preliminary Economic Assessment (PEA) in 2025 showed CAD 2 billion after-tax NPV, 29% IRR, and 1.9-year payback at consensus commodity prices.

• Project NPV could rise to CAD 5 billion and IRR to 45% at higher gold prices, with strong leverage to both copper and gold.

• Included in B.C.'s Critical Minerals Office, prioritizing expedited project advancement.

Exploration and resource expansion

• Allocated CAD 10 million for the largest exploration program in 70 years, focusing on high-margin northern corridor and deeper drilling.

• Recent infill results indicate continuity and expansion of high-grade zones, with potential to convert medium/low-grade to high-grade.

• West Goodspeed discovery, adjacent to phase I, expected to significantly impact resource estimates in Q2.

• Collaboration with Stanford Mineral-X and new technical hires to synthesize 70 years of district data for targeted exploration.

Project economics and development plan

• Two-phase project: phase I focuses on high-grade gold production (200,000 oz/year for six years), reducing upfront capital intensity.

• Phase II extends mine life to 29 years, leveraging 700 million tons of resources at above-average grades.

• Clean balance sheet with CAD 140 million cash, no debt, and strong insider ownership (over 12%).

• Emphasis on shareholder alignment, targeting 3–5x return on any dilution.