Why Invest?

Scope and Scale of Wellgreen PGM-Ni-Cu Project

According to the 2012 Preliminary Economic Assessment (PEA), the Wellgreen project is expected to produce more than 7 million oz. of PGMs+gold, 2 billion lbs nickel and 2 billion lbs of copper over the life of mine*.  This would make us one of the largest platinum and palladium producing mining companies in North America.  The Company anticipates release of an updated PEA in 2014 that we expect will include a reduced CAPEX starter pit scenario, optimization of PGM and base metals recovery levels, and use of liquefied natural gas to reduce energy costs compared to current diesel assumption.

*The 2012 Wellgreen PEA is preliminary in nature, in that it includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the 2012 Wellgreen PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

High-Calibre, Experienced Senior Management Team

Wellgreen Platinum’s management team - led by Greg Johnson, co-founder of NovaGold – was brought together in Fall 2012.  The executive leadership is highly experienced in exploration, development, financing, permitting and start-up production, as well as in First Nation and local community relations.

Mining-Friendly Jurisdiction; Favourable Conditions

The Wellgreen project is an open-pittable project located in the southwest of Canada’s Yukon Territory.  Ranked 8th in the world by the Fraser Institute, the Yukon is a region with a rich mining history that dates back to the Klondike Gold Rush. The project is a former producing mine, has excellent transportation infrastructure, is operable year-round and has highway access to deep-water ports in both Haines and Skagway, Alaska.

The majority of the worlds’ supply of PGMs currently comes from Southern Africa and Russia, both of which have considerable political risk.  The South African platinum mining industry as been particularly hard hit by labour strife in recent years but also faces a more fundamental problem. Typical deposits in that country’s Bushveld region are very deep and consist of narrow high grade seams that are not suitable for extraction via modern, mechanized mining methods.   Given the difficult conditions, major producers are increasingly unable to employ economic means of accessing and extracting these ever-deeper, narrow veins of PGMs.  Higher physical production costs across the board are further exacerbated by union demands for better wages and improvements in safety.

Leverage To Rising PGM Prices

As one of a very few significant platinum group metals projects outside South Africa, Russia and Zimbabwe, Wellgreen presents an opportunity to gain exposure to a PGM market at a time of very robust supply-demand fundamentals.   In addition to the production of platinum metals and gold, the project would be a significant producer of nickel and copper which would make Wellgreen a low cost platinum and palladium producer on a co-product basis.

Upside in Exploration & Development

The current Wellgreen resource is within a 2.5km zone that represents just a fraction of the overall 18km strike length that comprises the property as a whole.  In addition to further exploration within the current mineral resource area, geochemical and geophysical surveys have highlighted targets both to the west and to the east which are of similar size to Wellgreen proper.  These targets, namely the Far West Zone, Quill and Burwash, are completely outside of the existing mineral resource area and there may be potential to add to the substantial open pittable mineral resource already defined on the project.  Additional drilling is planned for these areas in 2014.

Potential Near Term Production at Shakespeare Mine

Studies on the reduction of operating costs for toll milling/smelting costs, transport costs, refinement of the mine plan/site operations and materials handling costs for direct ore shipping operations are ongoing, along with updated studies to look at the possible construction of an on-site mill and concentrator.