News ReleasesNorthcliff Submits Environmental Impact Assessment for Sisson Tungsten-Molybdenum ProjectAugust 1, 2013 Fredericton, New Brunswick - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce it has completed the Environmental Impact Assessment Report ("EIA Report") for the Sisson Tungsten-Molybdenum Project (the "Project") located in central New Brunswick. The EIA Report, submitted to the federal Canadian Environmental Assessment Agency and the New Brunswick Department of Environment and Local Government on July 31, 2013, describes the Project and its potential environmental effects, as well as measures to avoid or minimize environmental effects throughout project construction, operation and closure phases. Northcliff President & CEO Chris Zahovskis said, "Submission of the Sisson Project EIA Report marks a critical milestone for Northcliff and advances our goal of creating a significant new North American tungsten producer. Northcliff is committed to developing a project that respects the importance New Brunswick residents place on their land, water and other natural resources. This comprehensive EIA Report, prepared by Stantec with input from leading industry engineering consultants, represents the culmination of two years of field work, baseline studies and engineering. The EIA Report demonstrates the prominence Northcliff places on designing, constructing, operating and closing this project in a responsible manner." The public will have its first opportunity to review and comment on the EIA Report when the document is posted on the Canadian Environmental Assessment Agency website. Information on public comment periods and meetings will be provided by the Canadian Environmental Assessment Agency and the New Brunswick Department of Environment and Local Government. The EIA review, which is a harmonized process involving both the Province of New Brunswick and the federal government, is expected to take approximately one year to complete. Northcliff has a community and First Nations outreach program that will continue through all stages of development and closure. About Northcliff Resources Ltd. Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirm that the Sisson Project is technically and economically feasible and can now move on to the next stage of development. For more information on Northcliff and the Sisson Tungsten-Molybdenum Project please visit Northcliff's website: www.northcliffresources.com. Chris Zahovskis, President & CEO Northcliff Resources Ltd. For more information: Greg Davidson, Community Relations Manager Northcliff Resources Ltd. 506-455-0530 GregDavidson@northcliffresources.com | |
News ReleasesNorthcliff Signs Process Agreement with Woodstock First NationJune 27, 2013 Fredericton, New Brunswick - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce it has signed a Process Agreement (the "Agreement") with the Woodstock First Nation for the Sisson Tungsten-Molybdenum Project located in central New Brunswick. The Agreement provides a framework for Northcliff and the Woodstock First Nation to negotiate a Cooperation Agreement and to work together on community consultation efforts. Woodstock First Nation Chief Len Tomah, Jr. said, "This is a first and important step for the Woodstock First Nation to take with the Company in assessing whether the proposed Sisson Project can provide sustainable opportunities for our community. There is a great deal that our membership needs to learn about with respect to both the potential impacts and benefits of this Project, and through this Process Agreement, we hope to become better informed about the Sisson Project." Northcliff President & CEO Chris Zahovskis said, "I would like to thank the Woodstock First Nation for their willingness to explore opportunities with us related to the development of the Sisson Project. We believe the proposed project has the potential to create long term benefits for New Brunswick First Nations and this agreement is a step in that direction. We have agreed to implement a community consultation process that is based on open dialogue and good faith. We have also agreed to implement a process to negotiate a long term Cooperation Agreement with the Woodstock First Nation. Northcliff is committed to meaningful consultation with First Nations and we look forward to establishing a long term partnership with the Woodstock First Nation." The Process Agreement consists of the following key areas: Cooperation Agreement Negotiations The Process Agreement outlines the approach for the establishment of a Cooperation Agreement that would record the formal relationship and associated benefits negotiated between the two parties. A Cooperation Agreement, commonly referred to as an Impact and Benefits Agreement, is a long term agreement between a company and a First Nation setting out the obligations, responsibilities and benefits of the various parties. Northcliff and the Woodstock First Nation have agreed to negotiate in good faith and in a spirit of cooperation and mutual respect. A Cooperation Agreement could contain commitments related to environmental protection, education and employment of Woodstock First Nations members, social and cultural protection and enhancements, and economic benefits. Community Consultation Process A key aspect of the consultation process is engaging First Nations community members to discuss potential impacts of the project on First Nations' interests. As part of the Process Agreement, the Woodstock First Nation will implement a community consultation process that will inform the community about the status of the potential development and learn what the community thinks about the Sisson Project. About The Woodstock First Nation The Woodstock First Nation is a Maliseet First Nation located in the Province of New Brunswick on the shore of the Saint John River. The Sisson Project is located within Maliseet traditional territory and approximately 50 kilometers from the Woodstock First Nation's reserve. About Northcliff Resources Ltd. Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirm that the Sisson Project is technically and economically feasible and can now move on to the next stage of development. For more information on Northcliff and the Sisson Tungsten-Molybdenum Project, please visit our website: www.northcliffresources.com.
Chris Zahovskis, President & CEO
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News ReleasesNorthcliff Signs Environmental Assessment Review & Capacity Funding Agreement with New Brunswick First NationsJune 20, 2013 Fredericton, New Brunswick - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce it has signed an Environmental Assessment Review and Capacity Funding Agreement (the "Agreement") with the St. Mary's First Nation, Woodstock First Nation and the Assembly of First Nations Chiefs in New Brunswick for the Sisson Tungsten-Molybdenum Project located in central New Brunswick. The Agreement provides a framework for Northcliff to provide funding and in-kind support to all New Brunswick First Nations to assist in their participation in and facilitate their technical review of the Sisson Project during the Environmental Assessment Process. The funding is intended to assist First Nations where they feel they need additional resources to review technical materials and assist community members in understanding technical aspects of the project. In addition to Northcliff's capacity support, First Nations of New Brunswick have also received Participation Funding under the Canadian Environmental Assessment Agency's Participant Funding Program. Chief Lenny Tomah Jr. of Woodstock First Nation said, "Woodstock First Nation has taken a proactive approach with respect to the Sisson Tungsten-Molybdenum Project, as well all natural resource development which may impact First Nation culture. Our First Nation is committed to the protection, and exercise, of our constitutionally protected Aboriginal and treaty rights. We have worked diligently to foster and promote a robust consultation process within the Province of New Brunswick. Creating an environment with the capacity to meaningfully participate in consultation is an important step and the funding provided by Northcliff is a step towards achieving this." New Brunswick Energy and Mines Minister Craig Leonard said he is pleased that the capacity funding agreement has been reached. "We have demonstrated on a number of projects the importance of participation and partnership with First Nations and this is an excellent accomplishment as Northcliff Resources continues its due diligence on a project that could have tremendous benefits for New Brunswick," Leonard said. Northcliff President & CEO Chris Zahovskis said, "Northcliff is committed to meaningful consultation with First Nations and this Agreement is a demonstration of our continued interest in supporting First Nations' active engagement in the Sisson Project and the Environmental Impact Assessment. We are delighted that St. Mary's, Woodstock and the Assembly of First Nations Chiefs in New Brunswick, collectively representing all First Nations in New Brunswick, have agreed to work together by jointly retaining technical experts to assist them in reviewing, understanding and commenting on any documents, reports or information related to the Sisson Project as part of the EA Process. We look forward to continuing an open dialogue with First Nations during the environmental review process." About Assembly of First Nations Chiefs in New Brunswick Established in 2010, the Assembly of First Nations Chiefs in New Brunswick represents 13 of New Brunswick's 15 First Nations communities, of which nine are Mi'kmaq and six are Maliseet. About Woodstock First Nation Woodstock First Nation is a Maliseet First Nation located in the province of New Brunswick on the shore of the Saint John River. The Sisson Project is located within Maliseet traditional territory and approximately 50 kilometres from the Woodstock First Nation's reserve. About St. Mary's First Nation St. Mary's First Nation is the largest of Maliseet Nations along the St. John River & plays a vital economic role in New Brunswick's Capital City of Fredericton. About Northcliff Resources Ltd. Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirm that the Sisson Project is technically and economically feasible and can now move on to the next stage of development. For more information on Northcliff and the Sisson Tungsten-Molybdenum Project please visit our website: www.northcliffresources.com.
Chris Zahovskis, President & CEO
For more information:
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News ReleasesNorthcliff Files NI 43-101 Technical Report for Sisson Tungsten-Molybdenum Project Feasibility StudyMarch 13, Vancouver, British Columbia - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) announced today that it has filed a National Instrument 43-101 Technical Report (the "Technical Report") for the Feasibility Study of the Company's 100%-owned Sisson Tungsten-Molybdenum Project in central New Brunswick. The positive results as described in the Company's January 29, 2013 news release and further documented in the Technical Report confirm the technical and economic viability of the Sisson Project, which is advancing to the next stage of planning for the CAD $579 million development. The Technical Report will be available under the Company's profile on SEDAR at www.sedar.com and also accessible through a link to SEDAR on the Company's website at www.northcliffresources.com. About Northcliff Northcliff is a mineral resource company associated with Hunter Dickinson Inc. (HDI), and focused on progressing its Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada to production. For further details on Northcliff and the Sisson Project, please visit www.northcliffresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114. Christopher Zahovskis President and CEO | |
News ReleasesNorthcliff Announces New Directors And ChairmanFebruary 1, 2013 Vancouver, BC - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) announces the appointment of Marchand Snyman and David J. Copeland to the Company's Board of Directors, effective January 31, 2013. Mr. Snyman has also been nominated as Chairman of the Board of Directors, replacing Robert A. Dickinson who is stepping down but remains on the Board as a Director. Marchand Snyman is a dual Australian and South African Chartered Accountant and mining executive who has more than 17 years of experience in corporate finance, with 14 years in the mining industry. His extensive industry experience includes having worked for Anglo Platinum Limited as General Manager of Corporate Finance and Development where he was responsible for managing joint venture negotiations, corporate tax structures and offshore corporate operations. From 2003 to 2006, Mr. Snyman was a director of Muratie Investments Pty Limited, an Australian mining consultant providing advisory services to businesses in Australia, China, South Africa and North America. In 2008, he became Chief Operating Officer of Hunter Dickinson Inc. (HDI). David J. Copeland is a Professional Engineer with over 30 years of experience in a variety of capacities in mine exploration, discovery and development throughout the South Pacific, Africa, South America and North America and a particular focus on the engineering and permitting stages. He has been a key contributor to projects, providing expertise and leadership on the Mt. Milligan Copper-Gold Project in British Columbia (BC), the South Kemess mine in central BC, the Hollister development project in Nevada, USA, the Burnstone mine in South Africa and the Xietongmen project in Tibet, China. Mr. Copeland is also Director of Project Development at HDI. Mr. Dickinson said "I would like to welcome the new directors to the Board and, in particular, Marchand Snyman who will be taking over from me as Chairman to facilitate Sisson's advancement through a strategic partnering process, project financing and permitting. With the recent announcement of a very strong feasibility study for the Sisson Project, I look forward to taking an active and ongoing role as a director of the Company." "I am very pleased with the appointment of Dave Copeland and Marchand Snyman to Northcliff's Board of Directors, with Marchand assuming the role of Chairman. Their track record of success in mine development and financing speaks to the high level of experience and knowledge that they will bring to the Board and to the next stage of advancement of the Sisson Project," states Christopher Zahovskis, President & CEO. "On behalf of the Board of Directors, I would like to express our gratitude to Bob Dickinson for his many contributions and leadership during his time as Chairman." About Northcliff Northcliff is a mineral resource company associated with Hunter Dickinson Inc. (HDI), and focused on progressing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. For further details on Northcliff and the Sisson Project, please visit www.northcliffresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114. Christopher Zahovskis President & CEO No regulatory authority accepts responsibility for the adequacy or accuracy of this release. CAUTION REGARDING FORWARD-LOOKING INFORMATION This document contains "forward-looking statements" that are based on Northcliff's expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "outlook", "anticipate", "project", "target", "believe", "estimate", "expect", "intend", "should" and similar expressions. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These include but are not limited to:
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News Releases$579 Million Sisson Project Has Potential to Generate More Than 300 Jobs for New BrunswickJanuary 29, 2013 -- Fredericton, New Brunswick -- Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce it has completed a Feasibility Study for the Sisson Tungsten-Molybdenum Project, located in central New Brunswick. The results of the independent study confirm that the Sisson Project is technically and economically feasible and can now move on to the next stage of the CAD $579 million development. Northcliff Resources CEO Chris Zahovskis said, "The results of the Feasibility Study have confirmed the economic and technical viability of the Sisson Project. This is an exciting and important resource development project for New Brunswick and we believe it has the potential to become a catalyst for growth in the provincial economy. The Sisson Project will benefit New Brunswick citizens and communities by maximizing local opportunities at every stage of project development. Residents and businesses of communities in the project area and the province of New Brunswick are given priority consideration for employment and contracting. The project will also generate significant tax revenues which could help fund improvements to roads, health care and schools in New Brunswick." The responsible development of the Sisson Project will require a total capital investment of some $579 million and generate 300 direct operations jobs during the 27 year life of the project and up to 500 jobs during the project's two year construction phase. The Feasibility Study also illustrates the significant annual tax revenues that the Sisson Project will generate. At base level assumptions, the Sisson Project will generate more than $525 million in direct provincial tax revenues in 2013 dollars over its 27-year operating life, more than half of which will be collected under the current Metallic Minerals Act mining tax regime. On average, the Sisson Project will generate $19.5 million annually provincial tax revenues. The project will further generate more than $367 million in direct federal taxes, an average of $13.6 million per year. Average annual operating expenditures of approximately $146 million include more than $20 million in payroll to employees. The Feasibility Study outlines several key aspects of the Sisson Project:
Northcliff expects to submit an Environmental Impact Assessment ("EIA") report early in 2013. Project stakeholders in New Brunswick will have multiple opportunities to participate in the Environmental Impact Assessment and project review process through working groups, a government sponsored public meeting and during public comment periods associated with the EIA process when the EIA Report is released by the regulators. Environmental studies conducted to date have informed the Sisson Project design and the EIA will assess Northcliff's plans for constructing, operating and eventually closing the Sisson Project in an environmentally responsible manner. Northcliff Resources Ltd. applies the principles of responsible mineral development, which involves early, ongoing and open engagement with First Nations and communities in the areas surrounding the Sisson Project. For full details of the Feasibility Study results, please visit our website at www.northcliffresources.com. For more information: Greg Davidson Community Relations Manager Northcliff Resources Ltd. 506-455-0530 GregDavidson@hdimining.com | |
News ReleasesNorthcliff Provides Update on Sisson Project Feasibility Study and Environmental AssessmentOctober 11, 2012 Vancouver, BC -- Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) announces an update on current studies underway on its 100% owned Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada. Feasibility Study The Sisson Project Feasibility Study, which is being prepared by Samuel Engineering, Inc. of Denver, Colorado, is nearing completion. The Company plans to announce the results by mid-November 2012, following which the Company will have 45 days to file the corresponding NI 43-101 technical report on SEDAR (www.sedar.com). Environmental Assessment and Permitting The Environmental Impact Assessment (EIA) report, which is being prepared by Stantec Inc., of Fredericton, New Brunswick, remains on track for completion in November 2012 and subsequent submission to both Federal and Provincial governments. Concurrent with the review of the EIA, the Company plans to begin preparing for permit and mining license applications. Financing Over the past several months, Northcliff has begun the process of engaging with potential strategic partners to assess their interest in participating in the Sisson Project. The Company expects that this process will continue through the end of 2012 and into 2013. Northcliff President and CEO Christopher Zahovskis said, "I am pleased with the progress that has been made since Northcliff started work on the Sisson Project just two years ago. We set out an ambitious schedule at that time with an overall objective of completing the feasibility study by the fall of this year. With the upswing in the tungsten market over the same period, we have remained focused on advancing Sisson into the feasibility stage as quickly as possible to provide tremendous potential value to our shareholders." About Northcliff Northcliff is a mineral resource company associated with Hunter Dickinson Inc. (HDI), and focused on progressing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. For further details on Northcliff and the Sisson Project, please visit www.northcliffresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114. Christopher Zahovskis President & CEO | |
News ReleasesVideo - "Tungsten: The Next Growth Metal" | |
News ReleasesGeodex Shareholders Receive Northcliff SharesJuly 5, 2012 Vancouver, BC -- Northcliff Resources Ltd. ("Northcliff") (TSX: NCF) announces that on July 4, 2012, the shareholders of Geodex Minerals Ltd. ("Geodex") (TSX.V: GXM) received their proportionate Northcliff shares by virtue of a distribution of the 16,003,700 Northcliff shares by Geodex. The Northcliff shares received by Geodex shareholders are subject to a four month hold period, as per Canadian securities regulations, which will expire on October 22, 2012. As announced on April 18, 2012, Geodex agreed to sell its 30% interest in the Sisson Project in New Brunswick in consideration for 16,003,700 common shares of Northcliff, $1 million in cash and the return to Geodex for cancellation of 3,333,333 Geodex common shares that Northcliff purchased in 2010. The transaction completed on June 21, 2012. "We are very pleased with the conclusion of this consolidation transaction and the ability of Geodex shareholders to continue to realize value in the Sisson Project through their Northcliff shares," said Christopher Zahovskis, President and CEO of Northcliff. About Northcliff Northcliff is a mineral resource company associated with Hunter Dickinson Inc. (HDI), and focused on progressing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. For further details on Northcliff and the Sisson Project, please visit www.northcliffresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114 Christopher Zahovskis President & CEO | |
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