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Northgate Exploration Limited - Minerals North

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Kemess <strong>North</strong> Project<br />

Pre-feasibility Study Summary<br />

Annual Averages<br />

2004 – 2009 2010 – 2019<br />

Production<br />

Gold – ounces 283,000 228,000<br />

Copper – million lbs 77 117<br />

Operating Parameters<br />

Mining – million tonnes 47.9 43.4<br />

Milling – million tonnes 22.0 34.0<br />

Operating Cost – Cdn$ / tonne milled 5.97 4.34<br />

Gold Cash Cost – US$ / oz (1) 173 135<br />

(1) Cu – US$0.95/lb; Cdn/US F/X 0.67

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