a marine management company tactical marine solutions ltd
TRANSCRIPT
A Marine Management Companywww.tactmarine.com
Tactical Marine Solutions Ltd.
2Applied Knowledge
Arctic Energy Summit 2013Near Arctic Markets
Dermot LoughnaneTactical Marine Solutions Ltd.
3Applied Knowledge
Introduction
• Development database• State of Play• Hurdles to Overcome• Projects• Questions
Development Database
• TMS development database– Coverage– Currency• Newsfeeds• Media departments• Industry groups
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5Applied Knowledge
Projects in Development
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Canadian/American Arctic
State of Play
• Oil and Gas– Time for a time out• Mining– Softly, softly catches the monkey– Greenland still going ahead
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Hurdles to overcome
• Oil and Gas– perception and fracking• Mining– Pricing
9Applied Knowledge
Baffinland/Mary River
• Development– Mine
• Type– Iron ore
• Name– Mary River
• Area– Qikiqtaaluk/Baffin
• Shipping– Suezmax export, resupply, July/October
• Status– Benefits agreement signed, construction announced
• Commencement– 2015?
• Source– Company/company site
• Initial mining, trucking and shipping of 3.5m tonnes• Goal to eventually increase to 18m tonnes• Supramax, Panamax and post Panamax
10Applied Knowledge
Oceanic/Hopes Advance
• Development– Mine
• Type– Iron ore
• Name– Hopes Advance
• Area– Ungava Bay/N Quebec
• Shipping– Year round/transhipment/Capesize
• Status– Pre-feasibility/shipping optimisation
• Commencement– 2017?
• Source– Company/company site
• 1.36b tonnes of p&p iron ore• Product optimisation study completed• Shipping optimisation study completed
11Applied Knowledge
Westar/CSCC
• Development– Mine
• Type– Coal
• Name
• Area– Qikiqtaaluk/Baffin
• Shipping– Unknown
• Status– Early development
• Commencement– Not found
• Source– http://www.weststarresources.com/s/NunavutCoal.asp
• A very long shot given the shipping required and the commodity being shipped.
12Applied Knowledge
Advanced Ex./Roche Bay
• Development– Mine
• Type– Iron ore
• Name– Roche Bay
• Area– Qikiqtaaluk/Baffin
• Shipping– Arctic Class 3 Panamax export– 8-9 month window– Transhipment options
• Status– Signed agreement with Logistec on shipping
• Commencement– Not found
• Source– Company– www.advanced-exploration.com
• LNG power on site?
13Applied Knowledge
Canadian Royalties/Nunavik Nickel
• Development– Mine
• Type– Nickel
• Name– Nunavik Nickel
• Area– Nunavik
• Shipping– Signed contract with Fednav for new version of Umiak
• Status– Signed agreement with Inuit 2009– Building camp onsite
• Commencement
• Source– http://www.canadianroyalties.com/
• Taken over by Jilin Jien Nickel Industry Co. Ltd. in 2010• Toronto private business bank Forbes and Manhattan
took control of the project July 19
14Applied Knowledge
MMG/Izok Corridor Project
• Development– Mine
• Type– Lead/zinc/copper
• Name– Izok Lake
• Area– Kitikmeot
• Shipping– Panamax export, resupply– Open water/shoulder scenario
• Status– New feasibility review
• Commencement– Not found
• Source– Company/web
• Will now be Izok, High Lake and Hood river• 650,000 tonnes per year of concentrate• The Company initiated a definitive feasibility study in 2012 which is expected
to take 18-24 months and represents an investment of over US$50 million
15Applied Knowledge
MMG/Izok Lake
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Coronation Gulf PortsProject Owner(s) Commodity Status Hackett River XStrata Zinc Canada Zinc, Silver,
Copper, Lead Prefeasibility Study initiated in September, 2012; Submission of DEIS scheduled for Q3, 2013.
Back River Sabina Gold & Silver Corp.
Gold Plans to file DEIS by end of 2013.
Updating Back River resource calculation
ULU & Lupin Elgin Mining Inc. Gold Elgin plans to complete updated preliminary economic assessment in 2013. Mine’s water licence up to date.
17Applied Knowledge
TMAC/Doris/Hope Bay
• Development– Mine
• Type– Gold
• Name– Doris/Hope Bay
• Area– Kitikmeot
• Shipping– Resupply likely
• Status– Recently purchased
• Commencement– Unknown
• Source– Google
• Only purchased lately from Newmont Mining, private company
• Newmont requests NIRB to confirm transfer of Project Certificate to TMAC on February 4, 2013.
18Applied Knowledge
ASRC/Coal
• Development– Mine
• Type– Coal
• Name
• Area– Pt Lay/Pt Hope
• Shipping– Export
• Status– “ASRC seeks a development company to explore and develop
its coal deposits located on its lands in the western Arctic.”
• Commencement– Unknown
• Source– http://www.asrc.com/Lands/Pages/Coal.aspx
• 2 billion tons of ultra low sulfur coal within 6 miles of tidewater
19Applied Knowledge
Shell/Chukchi
• Development– O&G
• Type– Petroleum
• Name– Burger
• Area– Chukchi
• Shipping– Too early to tell
• Status– Initial top hole work - no recent well completion.
• Commencement– Unknown
• Source– Company
• “Royal Dutch Shell plc (“Shell”) today announced it will pause its exploration drilling activity for 2013 in Alaska’s Beaufort and Chukchi Seas to prepare equipment and plans for a resumption of activity at a later stage”
20Applied Knowledge
Shell/Beaufort
• Development– O&G
• Type– Petroleum
• Name– Sivullik
• Area– US Beaufort
• Shipping– Unknown
• Status– Paused,initial top hole drilling - no recent well completion
• Commencement– Unknown
• Source– Company
• “Royal Dutch Shell plc (“Shell”) today announced it will pause its exploration drilling activity for 2013 in Alaska’s Beaufort and Chukchi Seas to prepare equipment and plans for a resumption of activity at a later stage”
21Applied Knowledge
Statoil/Chukchi
• Development– O&G
• Type– Petroleum
• Name– Amundsen
• Area– Chukchi
• Shipping
• Status– Seismic and seabed surveys completed
• Commencement– Not before 2015
• Source– Company
• Seismic complete - recently announced delay until 2015 for any drilling
22Applied Knowledge
Conoco Phillips/Chukchi
• Development– O&G
• Type– Petroleum
• Name– Devils Paw
• Area– Chukchi
• Shipping
• Status– Paused until after 2014
• Commencement
• Source– Company
• “Waiting for the regulatory environment to gain some clarity”
23Applied Knowledge
Conoco Phillips/Beaufort
• Development– O&G
• Type– Petroleum
• Name– Amauligak
• Area– Canadian Beaufort
• Shipping– Likely to be high ice class tankers
• Status– Midst of first 3 year study
• Commencement– 15+ years
• Source– Company
• Largest oil discovery in the Canadian Arctic (235 mmbbl and 1.6 tcf)
• 35% owned by Chevron (non-operating)
24Applied Knowledge
Conoco Phillips/Beaufort
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Imperial Oil/BP/Beaufort
• Development– O&G
• Type– Petroleum
• Name– Ajurak/Pokak
• Area– Canadian Beaufort
• Shipping
• Status– Applied to commence drilling
• Commencement– 2020?
• Source– Preliminary information package– Google and interviews
• 175 kms NW of Tuktoyaktuk• 1500 metres deep
26Applied Knowledge
Chevron/Beaufort
• Development– O&G
• Type– Petroleum
• Name– EL-481
• Area– Canadian Beaufort
• Shipping– Likely to be high ice class tankers
• Status– 3D seismic acquired in 2012
• Commencement– 20+ years
• Source– Company and interviews
• Statoil farmed in 2011, now 40%
27Applied Knowledge
Greenland
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NAN/Maniitsoq
• Development– Mine
• Type– Nickel
• Name– Imiak
• Area– SW Greenland
• Shipping– Export and resupply likely
• Status– Ongoing feasibility
• Commencement– Unknown
• Source– www.northamericannickel.com/projects/greenland/
maniitsoq/default.aspx
• On September 12 2013, the Company announced a new discovery with drill hole MQ-13-029.
29Applied Knowledge
GME/Kvanefjeld
• Development– Mine
• Type– Rare earths (uranium)
• Name– Kvanefjeld
• Area– SW Greenland
• Shipping– Export and resupply likely
• Status– Waiting for gov’t decision
• Commencement– Unknown
• Source– www.ggg.gl/projects/kvanefjeld-rees-uranium-zinc/feasibility-
program/
• Project overall resource inventory: 956 Mt• Largest repository of rare earths outside of China
30Applied Knowledge
Ironbark/Citronen
• Development– Mine
• Type– Zinc and lead
• Name– Citronen
• Area– NE Greenland
• Shipping– Ice class tug and barge
• Status– Feasibility and shipping study completed
• Commencement– Unknown
• Source– Company and website
• Annual production anticipated of 250,000 tonnes of zinc concentrate and 30,000 tonnes of lead concentrate
• Citronen Project's Feasibility Report was completed in April 2013, very positive 32% ROI
31Applied Knowledge
Shell/Greenland Oil
• Shell– 2012 Program
• 3D seismic acquisition• Shallow coring
– 2013 Program• Decision pending
32Applied Knowledge
Cairn/Greenland Oil
• Cairn Energy– Drilling to recommence in
summer 2014
33Applied Knowledge
Contact Us
Tactical Marine Solutions Ltd.4906 Alamida CrescentVictoria, B.C. V8T 2C1 Canada
Phone: +1 (250) 388-7882+61 (2) 8014-7216
Fax: +1 (604) 909-4675Email: [email protected]: www.tactmarine.com