Basic HTML Version
Annual Report Edition, May 2011
3
Market Capitalization at December 31
$4.5
$17.3
$41.9
NWI Market Cap Growth
($ millions)
2010
2009
2008
Significant Events
2010-2011
Corporate
•
Completed the sale of Cameron Lake Project to
a wholly-owned subsidiary of Coventry for aggregate
consideration valued at approximately $12 million.
•
Acquired, along with Ocean Partners, substantially
all of the remaining debt of Campbell Resources Inc.,
and with it, effective control of the Chibougamau
mining camp.
Gold
•
Won, through Z-Gold Resources Limited, the
Company’s 50%-owned Egyptian subsidiary, its bid
for the Bukari and Umm Samra gold concessions
in Egypt’s Eastern Desert.
•
Negotiated a concession agreement covering the
Bukari gold concession and received Egyptian State
Council Approval.
•
Announced assays from surface sampling on the
Bukari concession grading up to 4.34 oz/tonne
(135g/tonne) gold.
Uranium and Rare Metals
•
Announced an Exploration Target Mineralization
Inventory (“ETMI”) at the Prairie Lake rare metals
project totalling between 330 and 360 million
tonnes averaging 3.5% to 3.7% phosphorous
(“P
2
O
5
”) and 0.12% to 0.14% niobium (“Nb
2
O
5
”)
(1.2 to 1.4kg/ tonne), along with tantalum, uranium
and rare earth elements.
•
Announced positive test results that confirm the
ability to produce a concentrate, using low-cost
flotation methods, grading up to 23.4% P
2
O
5
and
0.17%, or 1.7kg/tonne, Nb
2
O
5
at Prairie Lake.
•
Completed a large-scale trenching program and
a 3,500 m drill program at Prairie Lake.
•
Completed 4,000m of diamond drilling at the
Diabase Peninsula uranium property in
Saskatchewan’s Athabasca Basin.
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar
2010
2011
0.31.5
0.30
0.28.5
0.27
0.25.5
0.24
0.22.5
0.21
0.19.5
0.18
0.165
0.15
0.135
0.12
0.105
0.09
0.075
0.06
0.045
NWI:TSX
.20¢
April 26
Glance
TSX
2011 Objectives
•
Create a new MENA-focused company with Egyptian
and Turkish assets.
•
Accelerate field exploration in Egypt.
•
Implement drill programs in Turkey.
•
Continue exploration at the Diabase Peninsula uranium
project.
•
Continue exploration at the Prairie Lake project
and evaluate production of a niobium concentrate.
•
Complete CCAA process and implement a plan to create
value from Chibougamau assets.
•
Continue to evaluate new project opportunities in the
MENA region and elsewhere.
Why Invest in Nuinsco
•
One of Canada’s most experienced exploration companies.
•
Diverse, experienced and respected Board of Directors.
•
Continuous history of discoveries over a 40-year period.
•
Track record of spinning out projects to create value.
•
Well-positioned to create Middle East North Africa (“MENA”)-focused
company with existing assets.
•
Solid base of top-tier Canadian exploration assets in Saskatchewan,
Ontario and Quebec.
•
Evaluating additional projects worldwide.
Share Price
Performance
2010-2011