The Bornite deposit located near Kobuk, Alaska, is approximately 25 kilometers southwest of the Company’s Arctic deposit. The project has the potential to further enhance the long-term economics of the Ambler mining district. A National Instrument 43-101 Technical Report outlining Indicated Resources of 900 million pounds of copper and Inferred Resources of 5.5 billion pounds of copper and 77 million pounds of cobalt was released in 2018 and includes results of the 2014 assaying of previously un-sampled or partially sampled historical Kennecott drill core, as well as updates to the geological model completed in 2015. Current activities are focused on exploration for high-grade, carbonate-hosted copper mineralization north and northeast of drill holes RC13-224, RC13-231 and RC13-220. In addition, copper mineralization is observed in outcrop over 16 kilometers of the Cosmos Hills, specifically mineralization that has been encountered in drill core at the Aurora and Pardner Hill prospects.