OVERVIEW

SISSON PROJECT

Northcliff Resources Ltd. holds an 88.5% controlling interest in and is the operator of the advanced-stage Sisson Tungsten-Molybdenum Project in New Brunswick. The Sisson Project has the potential to become a near-term critical metal producer, providing new primary supply of tungsten and molybdenum to North American, European and Asian markets. Todd Corporation (Todd) of New Zealand has an 11.5% interest and Northcliff an 88.5% interest in the Sisson Partnership, which owns the Sisson Project. Todd also holds a 51.77% interest in Northcliff. More information on Todd can be found at https://toddcorporation.com/

 

The 14,140-hectare Sisson property hosts a large, structurally controlled, intrusion-related tungsten-molybdenum deposit amenable to open pit mining. Northcliff announced the positive results of the Sisson Project Feasibility Study in January 2013 and since then the Sisson Project has received numerous key approvals.

 

The current focus is to secure construction and operating permits, off-take agreements and project financing.

LOCATION

Sisson Claim Map updated June 2022.JPG

STEPS TO PRODUCTION

CONCEPTUAL PROJECT PROGRESSION

PHASE ONE

  • ENVIRONMENTAL: Addressing EIA conditions and update studies

  • MINOR PERMITTING: Minor permits to be applied for as required by stage of activities, obtain extension to commencement of construction requirement

  • ENGINEERING & DESIGN: Finalize project engineering and design to construction stag

PHASE TWO

  • UPDATED FEASIBILITY STUDY

  • OPERATIONAL PERMITS: Required at start of construction and operations

  • OFFTAKE AGREEMENTS: Secure offtake agreements for tungsten and molybdenum

  • OWNERS EQUITY: Secure sources of owners equity required for construction

  • PROJECT FINANCE: Secure project finance (debt) to fund balance of construction costs

PHASE THREE

  • FINAL INVESTMENT DECISION

  • FUNDING DRAWDOWN

  • OPERATIONAL PERMITS: Required at start of construction and operations

  • CONSTRUCTION START

PHASE FOUR

  • OPERATIONS START

DEVELOPMENT HISTORY

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SISSON PROJECT