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Northgate Exploration Limited - Minerals North

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Stewart Omineca Resource Road<br />

– ~100 Km new construction to complete connection<br />

– Estimated cost to complete $30-40 million<br />

– Significant potential to reduce shipping & handling costs of concentrate<br />

– Access to deep sea port and broader markets<br />

– Improves IRR of Kemess <strong>North</strong> Project<br />

– Improves access for exploration in northern BC<br />

– Competition with ORAR becomes tougher with time

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