OVER 40 YEARS OF
EXPLORATION SUCCESS
•1970
Management group takes control of New Insco Mines Ltd.
•1971
Hebecourt, 1.2 million ton copper-rich deposit discovered
in Noranda, Quebec.
•1973
Uranium exploration begins at Prairie Lake.
•1979
Nuinsco Resources Ltd. is successor to New Insco Mines Ltd.
•1981
Work begins at Cameron Lake gold deposit, Kenora.
•1983
Gold resource identified at Cameron Lake.
•1987
Aldermac 7 and 8 zones (Cu/Zn/Au/Ag) discovered near
Rouyn-Noranda, Quebec.
•1994
Rainy River deposit, 17 Zone (Au) discovered.
•1995
Rainy River deposit, 34 Zone (Ni/Cu/Au/PGE) discovered.
•1999
Lac Rocher Ni deposit discovered in Quebec.
•2000
Mel sulphide nickel property, Manitoba, optioned from Inco Limited.
•2001
Minago sulphide nickel property, Manitoba, acquired from
Black Hawk Mining.
•2004
Nuinsco expands into Turkey (Berta Cu/Au porphyry) and
Saskatchewan (Diabase Peninsula uranium property).
•2005
Second Turkish property optioned: Elmalaan (Cu/Zn VMS).
•2006
Chibougamau mining camp entered via agreement with
Campbell Resources Inc.
•2007
Nuinsco creates Victory Nickel through the spin-off of its Minago,
Mel and Lac Rocher projects.
•2009
Nuinsco bids on Egyptian gold concessions Bukari and Umm Samra.
•2010
330-360
million tonne Exploration Target Mineralization Inventory
(“
ETMI”) at Prairie Lake property announced.
Bukari and Umm Samra bid is successful.
Cameron Lake sold to Coventry Resources for $12 million
consideration.
Nuinsco and Ocean Partners gain effective control
of Chibougamau mining camp, Quebec.
•2011
Nuinsco and Ocean Partners complete transfer of ownership
of Chibougamau assets to CBay.
Prairie Lake ETMI increased to 515-630 million tonnes.
•2012
Nuinsco sells Cameron Gold project royalty for cash proceeds
of US$5.1 million.
Nuinsco acquires 100% of option on Diabase Peninsula uranium property.
BERTA
DIABASE PENINSULA
PRAIRIE LAKE
CHIBOUGAMAU
Glance
TSX
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
2013
2012
1900
1700
1500
1300
1100
900
700
500
300
US$ per ounce
Source: kitco.com
Gold Price
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012 2013
450
350
250
150
50
World Phosphate Rock Pricing
US$ per mt
Source:World Bank
2008
2009
2010
2011
2012
2013
$5.00
4.00
3.00
2.00
1.00
US$ per pound
5
Year Copper Spot
Source: kitcometals.com
Who We Are
Nuinsco (the “Company”) is a growth-oriented,
multi-commodity mineral exploration company that
is focused on world-class mineralized belts in Canada
and internationally. In addition to its property holdings
in Ontario, Saskatchewan and Turkey, Nuinsco
owns common shares in Coventry Resources Inc.
(
TSX-V:CYY) and Victory Nickel Inc.(TSX:NI), and
a 50% interest in CBay (50% Nuinsco, 50% Ocean
Partners), a private company that is a dominant player
in Quebec’s Chibougamau mining camp with assets
including a permitted mill and tailings facility, eight
past-producing copper/gold mines and a 96,000
acre land position. Shares of Nuinsco trade on the
Toronto Stock Exchange under the symbol NWI.
Annual Report Edition, May 2013
3