CRITICAL MINERALS

Northcliff Resources Ltd (TSX:NCF) is focused on the development of Sisson tungsten-molybdenum project in New Brunswick, Canada.

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The project is owned by the Sisson Limited Partnership, in which Northcliff holds an 88.5% interest and Todd Corporation (Todd) of New Zealand holds an 11.5% interest. Todd also holds a ~82% interest in Northcliff.

 

The Sisson Project hosts a large, structurally controlled, intrusion-related tungsten-molybdenum deposit amenable to open pit mining. The project has the potential to become a near-term critical metal producer, providing new primary supply tungsten and molybdenum to Canada and its trading partners.

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The Company acquired an interest in the Sisson Project in 2010 and advanced programs that culminated in a positive Feasibility Study in January 2013.  The Project received the New Brunswick Environmental Impact Assessment approval in 2015, Federal Environmental Impact Assessment (EIA) approval in 2017, the Metals and Diamond Mining Effluent Regulations Schedule 2 Amendment (MDMER) authorisation in 2019 and the Sisson Fisheries Act Authorisation and Off-setting/Fish Habitat Compensation Plan approval in 2020. 
 
Recently, the Company has focused on advancing the project through the pre-construction phase.  In August 2026, Northcliff announced positive financial results from the 2026 Feasibility Study Update, which contemplates a 30,000 tonnes per day (t/d) open pit mine and processing facility producing tungsten and molybdenum concentrates. The Company is also planning the basic engineering phase to support the advancement of the Project. Work also continues toward meeting the conditions of its existing EIA approvals and to support project financing.

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Northcliff has a proactive approach to community engagement. The Company has been engaging with project stakeholders and First Nations since 2010 to provide project updates and early notification of work programs, to better understand local priorities and concerns, and to discuss potential economic opportunities that could be derived from mine development.