2. Figure 1 General Project Location

3. Figure 2 Geology and Claim Location

4. Figure 3 Map scan

5. Figure 4 Overall site infrastructure layout map

6. Figure 5 Infrastructure Layout Roberts Bay

7. Figure 6 Infrastructure layout Mill/Camp

8. Figure 7 Mill/Camp Layout Detail

9. Figure 9 Proposed Process Flowsheet

10. Figure 10 Cross section tailings dam wall

11. Figure 8 AMEC Map Env Baseline Conditions

12. Figure 11 Aerial photo

13. Environment – Policies
Miramar Hope Bay Ltd. is committed to minimize the environmental impacts from its operations:
Maintain a high level of environmental protection to minimize impacts and enhance environmental quality.
Continue dialogue with the communities and other stakeholders within the project area of influence
Comply with environmental legislation and regulations
Undertake monitoring programs to meet compliance
Train employees & contractors to understand their environmental responsibility

14. Environment - Studies 2000 2001 2002 / 2003 Wildlife Fisheries
Hydrology & meteorology
Archaeology
2001
Wildlife studies
Meteorology
2002 / 2003
Wildlife
Fisheries
Meteorology
Archaeology
Air Quality

15. Figure 12 Photos 1-4

16. Figure 13 Photos 5-8

17. Figure 14 Caribou photo

18. Figure 15 Mainland ranges of caribou herds in Hope Bay area

19. Figure 16 Movements of satellite collared Bathurst caribou cows

20. Figure 17 Dist Caribou Calves in Calving Season

21. Figure 18 Raptor Nest Sites 95-02

22. Figure 19

23. Exploration to Date Hope Bay has seen considerable expenditures
BHP (1993 – 1999) ~$85 million (928 holes /179,300m)
HBJV (2000) ~$18 million (309 holes / 43,704 m)
HBJV (2001) ~$16 million (312 holes /39,829 m)
MHBL (2002) ~$ 8 million (304 holes / 30,109 m)
MHBL (2003) ~$14 million ( ~47,500 meters)
Total : ~$141 million
Total Meters: ~ 340,000 m (340 km)

24. Northern Benefits Employment in 2001 Inuit workers:
61 (52%) of 118 employees hired were Inuit
37% of total project man days worked by Inuit
30% of total project payroll ($775,000) to Inuit
Local hiring from the communities of:
Cambridge Bay
Bathurst Inlet
Gjoa Haven
Taloyoak

25. Northern Benefits Employment in 2003
2002 employees offered first priority
4 weeks in/2 weeks out basis ~ Feb -Sept
Positions for qualified people:
Core cutting, geologic technicians
Camp maintenance (plumber, carpenters, construction)
Contractors
Drillers helpers (Major Midwest)
Logistics (Kitnuna)

26. Project Construction Workforce (man months/ Positions)
Project Operations Workforce
(man months / Positions)
720 /67
152 / 19
184 /26
2040 /83
Nunavut
Non Nunavut

27. Overall Project Expenditures
($$ million)
40.3
52.3
Nunavut
Non Nunavut

28. Figure 2 Geology and Claim Location

29. Expansion Opportunities at Doris
Start mining in North, look to expand to the South
Connector
North
Central

30. Potential for Further Discoveries
Diverse opportunities:
Extensions to known deposits
Along known trends
Overburden covered areas (~70% of belt)
Geologic model driven based on other belts
Successful, experienced exploration team

31. Project Schedule – 2003 to 2007
2003 February submit draft EIS
April submit Final EIS
Fall/Winter Project approvals and Permits
2004 Early Initial Project procurement
Mobilize equipment to site
Commence site development
Summer Underground development
Fall Mobilization by barge
2005 Early Initial ore processing and production
2007 Early Final production Doris North
Summer Mine/mill clean-up and closure

32. WE THANK YOU FOR
FOR ATTENTION AND
PARTICIPATION.