Page 2 - Annual Report Edition May 2011 Nuinsco

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2
NWI
:TSX
Nuinsco Resources Limited
Building …on a Proven Track Record
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
$ 1600
1500
1400
1300
1200
1100
1000
900
800
700
600
500
400
300
200
US$ per ounce
Source: kitco.com
Gold Price
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 property).
•2005
Second Turkish property optioned: Elmalaan (Cu/Zn VMS).
•2006
Chibougamau mining camp entered via agreement with
Campbell Resources.
•2007
Nuinsco creates Victory Nickel inc. 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 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
Initial results from exploration at Bukari: grab samples grading
up to 4.34 oz/t.
ELMALAAN
BERTA
BUKARI & UMM SAMRA
DIABASE PENINSULA
PRAIRIE LAKE
CHIBOUGAMAU
at a
Growing Numbers
(at December 31)
($6.1)
$2.7
$4.4
Working Capital
($ millions)
2010
2009
2008
$1.3
$3.6
$6.3
Cash, Cash Equivalents
& Marketable Securities
($ millions)
2010
2009
2008
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
$ 400
350
300
250
200
150
100
50
0
World Phosphate Rock Pricing
Source: World Bank
US$ per mt
2006
2007
2008
2009
2010
2011
$5.00
4.00
3.00
2.00
1.00
US$ per pound
5 Year Copper Spot
Source: kitcometals.com
Building …on a Proven Track Record
Who We Are
Nuinsco Resources Limited has over 40 years of
exploration success and is a growth-oriented, multi-
commodity mineral exploration company that today
is focused on world-class mineralized belts in Canada,
Turkey and Egypt. In addition to its property holdings,
Nuinsco owns common shares in Coventry Resources
Limited (ASX:CVY) and Victory Nickel Inc. (TSX:NI).
Our FUTURE
…built on Our PAST
… and rising metal and commodity prices