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Back River Gold ProjectHannigayokProject Overview – April 2013
Who is Sabina Gold and Silver Corp?
• Sabina is a Vancouver, Canada based precious metals company on track to become a mid‐tier gold producer
• Listed on the Toronto Stock Exchange (TSX: SBB)• Skilled staff with extensive northern experience• Projects in Nunavut and other parts of Canada
• Back River Gold Project, Nunavut• Wishbone Greenstone Belt, Nunavut• Cook Lake, Manitoba• Newman Madsen, Ontario• A significant silver royalty on the Hackett River Project, Nunavut
• Sabina ended 2012 with approximately $116 million in cash
Back River Project
• A proposed gold mine in the western Kitikmeot Region of Nunavut• Exploration commenced in 1982. Project has had a number of
different owners since• 6.6 M oz. & growing high‐grade gold resource – 100% owned by
Sabina• Currently in the advanced exploration & environmental assessment
stage• Three key Project Areas
• Goose Property, George Property, & Marine Laydown Area
Goose Camp(Spring, 2012)
Existing Operations
Goose Property• 120 person main camp and
facilities (e.g. sleeping quarters, mess, core process facility, equipment storage, maintenance shop, fuel tank farm, 365 kW diesel generator)
• Seasonal airstrips / accessGeorge Property
• 75 person camp and facilities (e.g. sleeping quarters, mess, core process facility, equipment storage, fuel farm, diesel generator)
• Seasonal airstrips / accessBathurst Inlet Marine Laydown Area
• No current infrastructure• Previously a supply barge landing
area and small laydown area• Bulk goods and fuel were hauled to
Goose and George properties
Exploration Drilling (Summer, 2012)
Goose Camp
George Camp
What are we proposing to build?
• Open pit and underground mining operations• 8 deposits• 10‐15 years of production• 300,000 – 400,000 ounces of gold annually• Supplied via seasonal shipping and year‐round aircraft• Remote, fly in/fly out mine site• Gold produced at the mine will be shipped by air as doré
bars• Accommodations (not all occupied at the same time):
• Goose: up to 600 person camp• George: up to 450 person camp• Bathurst Inlet: up to 100 person camp
• Processing plant (up to 7,000 tonnes per day)• Gravity separation with a floatation leaching circuit
• Tailings facility at Goose Property• Waste rock storage areas
What are we proposing to build? (Continued)
• Laydown area at Bathurst Inlet– 3‐5 ships during operations– 5‐10 ships during construction– Ships will be similar to those used for community resupply
• Other buildings (e.g. administrative complex, facilities, maintenance facilities, warehousing)
• All‐weather airstrips• All‐weather and seasonal roads• Fuel and bulk storage areas• Water and waste management facilities• Power generation facilities• Explosives storage
Project Timeline
Open Pit Mining – Victor Mine, Ontario
Images courtesy: De Beers Canada
Open Pit Mining – Meadowbank Mine, Nunavut
Images courtesy: Reuters
Underground Mining – Snap Lake Mine, NWT
Images courtesy: De Beers Canada
Gold Processing – Meadowbank Mine, Nunavut
Images courtesy: Agnico‐Eagle Mines Limited
Opportunities for the Kitikmeot Region
Employment
• Up to 900 workers needed during operations and subsequent construction as operations will be phased
• Up to 1,600 workers needed during initial construction• Up to 40 workers needed during closure• Opportunities in management, human resources, professional
and scientific positions, administration, trades and construction, maintenance, equipment operation, production, warehousing, transportation…and more
• Hiring preference for those located in nearby Kitikmeot communities
• Grade 10 education, criminal check, and health exam required (at a minimum)
Opportunities for the Kitikmeot Region
• Training programs for northern hires to be established
• Contracting and business development opportunities will be made available
• Contracting preference for Kitikmeot and Nunavut companies
• Taxes, royalties, Inuit Impact and Benefit Agreement (IIBA)
Existing Northern Hires
• Number of Nunavut employees (Sabina staff only – 2013 approx.): 48• Days worked by Nunavut vs. non‐Nunavut staff (January – March 2013
approx.):• All staff – 19%• Sabina staff – 30%
• Expenditures to Inuit‐owned companies (2011 approx.): 27%• Employment examples (Sabina staff only):
‐ Camp Hand‐ Lead Camp Hand‐ Geotechnician‐ Core Cutter‐ Community Relations‐ Fuel Operator
‐ Incinerator Operator‐ Electrician’s Helper‐ Environmental Assistant‐ Kitchen Staff‐ Housekeeping‐ Labourer
Working with Local Communities
• Community engagement commenced in June 2012– Community Liaison Officer and office
in Cambridge Bay– Public meetings– Community advisory groups– Meetings with key stakeholder
groups (e.g. HTOs, Hamlets, youth)– Social media (e.g. website, Twitter)– Community newsletters and
informational materials (e.g. fact sheets, posters, maps)
– Radio shows and information booths
Working with Local Communities (Continued)
• Traditional knowledge study with the KIA leading
o NTKP database report finalizedo TK workshops pending
• Community donationso Actua programo Spring Frolics, sports tournaments,
daycare & food bank support, etc.• Inuit Impact and Benefit
Agreement (IIBA) to be negotiated• Ongoing dialogue and relationship
building
April 2013 Project Status
• Currently in the advanced exploration and permitting stage • Project Description submitted to NIRB
in June 2012• Pre‐Feasibility Study in Q3 2013• Draft EIS to be submitted by year end,
2013
• 2013 programs:• Up to $70M to be spent• 45,000 m of drilling
• Geotechnical, infill and extension drilling,regional exploration program
• Site improvements• Community engagement• Engineering and environmental studies
continue to advance
Proposed Valued Ecosystem Components (VECs)
Atmospheric • Air quality • Noise and vibration Terrestrial • Special landscape
features • Vegetation • Caribou • Muskox • Wolverines and
furbearers • Grizzly bears • Raptors • Migratory birds
Freshwater • Water quality • Water quantity • Sediment quality • Fish habitat • Arctic grayling • Lake trout Marine • Water quality • Sediment quality • Fish habitat • Arctic char • Marine seabirds • Ringed seal
Proposed Valued Socio‐Economic Components (VSECs)
Human Environment • Archeology • Employment • Education and training • Health and community well being • Economic development • Business opportunities • Subsistence economy and land use • Non‐traditional land & resource use• Country foods and human health
Contact Information
John KaiyoganaCommunity Liaison Officer4 Omingmak StreetCambridge Bay, NunavutPhone: (867) 983‐3033Cell: (867) 446‐2501Fax: (867) 983‐[email protected]
Jason PrnoCommunity Relations Advisor(519) 983‐[email protected]
Matthew PickardDirector ‐ Health, Safety, Environment and Community RelationsPhone (Toronto): (604) 484‐8967 / (416) 848‐1184Phone (Vancouver): (604) 998‐4190 / (888) 648‐4218Cell: (416) 605‐[email protected]
www.backriverproject.com
