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Tactical Marine Solutions Ltd.

Tactical Marine Solutions Ltd. Arctic Energy Summit 2013 Near Arctic Markets. Dermot Loughnane Tactical Marine Solutions Ltd. Introduction. Development database State of Play Hurdles to Overcome Projects Questions. Development Database. TMS development database Coverage Currency

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Tactical Marine Solutions Ltd.

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  1. Tactical Marine Solutions Ltd.

  2. Arctic Energy Summit 2013Near Arctic Markets Dermot Loughnane Tactical Marine Solutions Ltd. Applied Knowledge

  3. Introduction • Development database • State of Play • Hurdles to Overcome • Projects • Questions Applied Knowledge

  4. Development Database • TMS development database • Coverage • Currency • Newsfeeds • Media departments • Industry groups

  5. Projects in Development Applied Knowledge

  6. Canadian/American Arctic Applied Knowledge

  7. State of Play • Oil and Gas • Time for a time out • Mining • Softly, softly catches the monkey • Greenland still going ahead

  8. Hurdles to overcome • Oil and Gas • perception and fracking • Mining • Pricing

  9. 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 Applied Knowledge

  10. 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 Applied Knowledge

  11. 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. Applied Knowledge

  12. 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? Applied Knowledge

  13. 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 Applied Knowledge

  14. 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 Applied Knowledge

  15. MMG/Izok Lake Applied Knowledge

  16. Coronation Gulf Ports Applied Knowledge

  17. 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. Applied Knowledge

  18. 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 Applied Knowledge

  19. 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” Applied Knowledge

  20. Shell/Beaufort • Development • O&G • Type • Petroleum • Name • Sivullik • Area • US Beaufort • Shipping • Unknown • Status • Paused,initialtop 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” Applied Knowledge

  21. 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 Applied Knowledge

  22. 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” Applied Knowledge

  23. Conoco Phillips/Beaufort • Largest oil discovery in the Canadian Arctic (235 mmbbland 1.6 tcf) • 35% owned by Chevron (non-operating) • 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 Applied Knowledge

  24. Conoco Phillips/Beaufort Applied Knowledge

  25. 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 Applied Knowledge

  26. 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% Applied Knowledge

  27. Greenland Applied Knowledge

  28. 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. Applied Knowledge

  29. 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 Applied Knowledge

  30. 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 Applied Knowledge

  31. Shell/Greenland Oil • Shell • 2012 Program • 3D seismic acquisition • Shallow coring • 2013 Program • Decision pending Applied Knowledge

  32. Cairn/Greenland Oil • Cairn Energy • Drilling to recommence in summer 2014 Applied Knowledge

  33. Contact Us Tactical Marine Solutions Ltd. 4906 Alamida Crescent Victoria, B.C. V8T 2C1 Canada Phone: +1 (250) 388-7882 +61 (2) 8014-7216 Fax: +1 (604) 909-4675 Email: info@tactmarine.com Website: www.tactmarine.com Applied Knowledge

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