Nican Ltd. · TSXV:NICN
Nican — Investor Presentation (June 2026)
28 slides from Nican's investor presentation, June 2026
Slide 1: Exploring New Gold Discovery, and High Grade Nickel and Copper in Canada
Exploring New Gold Discovery, and High Grade Nickel and Copper in Canada June 2026 TSXv : NICN / OTCQB : NILTF / FRA : W8Y www.nicanltd.com
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) of NiCAN Limited (the “Corporation”) is for information only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or subscribe for any securities in any jurisdiction in which such
Slide 3: Cautionary Statements
Cautionary Statements Forward-looking statements This Presentation contains certain “forward-looking information” under applicable securities laws concerning the business, operations and financial performance and condition of the Corporation. Forward-looking information includes, but is not limited
Slide 4: NiCAN Limited
NiCAN Limited Exploring a portfolio of highly prospective projects on known Canadian Mineral Belts Focused on established mining camps with existing infrastructure on geologically significant features Pipy Project (Thompson Manitoba) – Exploration Agreement in place, initial reconnaissance drill p
Slide 5: NiCAN - Underexplored Assets on Known Mineral Belts in Manitoba Canada
NiCAN - Underexplored Assets on Known Mineral Belts in Manitoba Canada www.nicanltd.com TSXv : NICN / OTCQB : NILTF / FRA : W8Y 5
Slide 6: Pipy Project – Thompson Manitoba
Pipy Project – Thompson Manitoba • Pipy Properties strategically located in the Thompson area and recently expanded to cover 76.97 km2 • Excellent local infrastructure and road access • Initial focus on Pipy South, 16km northeast of Thompson. Underlain by Pipe Formation (which hosts Vale’s Thompson
Slide 7: New Near Surface Gold Discovery
New Near Surface Gold Discovery Base Plan Map : Magnetic Tilt Derivative Initial confirmation holes at Pipy Gold Target Drill Hole From (m) To (m) Length (m) Au g/t Ag g/t PIPY25-04 20.4 48.0 27.60 1.25 12.5 PIPY25-04 incl. 21.4 35.7 14.30 2.14 19.8 PIPY25-04 incl. 33.7 35.7 2.00 5.39 7.1 PIPY25-05
Slide 8: Mineralization in Hole PIPY25-05
Mineralization in Hole PIPY25-05 • Core images from interval 16.0 to 17.0m that assayed 1.3 g/t Au and 7.1 g/t Ag • A 9.5m intersection from 9.6 to 19.1m averaged 0.65 g/t Au and 8.4 g/t Ag. Confirmed by Photon assays that averaged 0.66 g/t Au. Hole interpreted to have gone over the top of the miner
Slide 9: Mineralization seen in drill core from Hole PIPY25-08
Mineralization seen in drill core from Hole PIPY25-08 • Mineralization hosted by siliceous biotite gneiss. • Contains 3-5% finely disseminated to stringer pyrrhotite-pyrite and local 1- 3% disseminated galena. Images from 34.3m down hole. Interval assayed 2.65 g/t Au, 36.2 g/t Ag and 2.83% Pb RMI_1s
Slide 10: Pipy Gold South Occurrence
Pipy Gold South Occurrence • Historical drill hole Hole # From To m Au g/t Ag g/t 17BN01 27.0 74.0 47.0 1.20 5.90 completed in 2017 17BN01 incl. 31.0 42.0 11.0 0.92 14.38 17BN01 incl. 55.4 61.0 5.6 6.63 10.13 • Targeted a magnetic 17BN01 incl. 57.4 59.4 2.0 15.35 14.80 anomaly looking for nickel Fro
Slide 11: Pipy South Gold Occurrence
Pipy South Gold Occurrence • An additional area covering approximately 20.36 square kilometers recently staked • Expands land holding for Pipy South to 65.18 km² • Well groomed gravel road access through the property • Historic airborne EM and magnetometer reprocessed data available • Very limited h
Slide 12: Pipy South Nickel Project – Favourable Geology
Pipy South Nickel Project – Favourable Geology 2021 UAV mounted Aeromagnetic Survey of the South Pipy Property • The detailed (50m line spacing) survey clearly defines the Pipe Formation, which hosts the nickel mineralization in the Thompson Nickel Belt. • Interpretation of available aeromagnetic da
Slide 13: Nickel Bearing Massive Sulphides Intersected
Nickel Bearing Massive Sulphides Intersected • Drill hole PIPY25-06 intersected 1.45m of 1.54% nickel 0.17% Copper and 0.064% cobalt in massive sulphides at 60m below surface within the Pipe Formation. • A downhole electromagnetic (BHEM)and surface lines of transient electromagnetic (TEM) surveys co
Slide 14: Pipy South Nickel Project – Geological Interpretation
Pipy South Nickel Project – Geological Interpretation • The geology underlying the Pipy Properties is similar to Vale’s T1 and T3 mines. • Pipy South has a similar pattern of folding and faulting as T1 and T3 and is on the western side of a regional anticline while T1 and T3 are on the eastern limb
Slide 15: Pipy Properties – Plan
Pipy Properties – Plan Completed Underway Next 6 Months Acquired land package adjacent • Designing and mobilizing for follow • Maintain positive engagement with to the Thompson Nickel mines up phase of drilling on both the local Indigenous stakeholders Compiled available historical New Gold Disc
Slide 16: Wine Property – Snow Lake Manitoba
Wine Property – Snow Lake Manitoba Rail VMS Deposit (Hudbay) • 50km southwest of Snow Lake near former producing Reed Lake 5km Mine (Hudbay), Spruce Point Mine and Rail Deposit (Hudbay) • Initially explored in the 1950s for copper/zinc deposits • First nickel mineralization intersected on the Wine P
Slide 17: Wine Property – Drilling Success
Wine Property – Drilling Success Focused on expanding High Grade Nickel and Copper intersections at the Wine Occurrence: • NiCAN’s 2024 drilling returned 45.45m of 1.32% Ni, 1.20% Cu, (1.55% NiEq), 0.06% Co, 0.59g/t PGMs • NiCAN’s 2023 drilling returned 31.5m of 1.93% Ni, 1.90% Cu (2.32% NiEq), 0.07
Slide 18: Wine Property – Summary of NiCAN’s Exploration to Date
Wine Property – Summary of NiCAN’s Exploration to Date Phase I Exploration Program 2021/22 • Ground and borehole TDEM Surveys, VTEM Survey, UAV MAG survey • Phase I Diamond Drilling completed 1,692m • Confirmed and expanded high-grade Nickel/Copper Mineralization at the Wine Occurrence and drill tes
Slide 19: Wine Property – Geology
Wine Property – Geology Little Swan Lake Pluton 0 5km • A geological interpretation of aeromagnetic data has indicated that the Little Swan Lake Pluton had a significant influence on the regional folding and Wine compression of the Wine Gabbro and surrounding rocks, which hosts the Gabbro Wine Occur
Slide 20: Aeromagnetic Image 1st VD
Aeromagnetic Image 1st VD • Interpreted Post Mineralization Folding of the Wine Gabbro Sill • Compression of the volcanic/gabbro sequence from the north by the Little Swan Lake Pluton • Wine Gabbro Sill traced over 8+km www.nicanltd.com TSXv : NICN / OTCQB : NILTF / FRA : W8Y 20
Slide 21: Wine Copper-Nickel Project - Wine Occurrence Exploration Targets
Wine Copper-Nickel Project - Wine Occurrence Exploration Targets • Drill test the Main Zone at depth to the south and determine if it sub-crops to the north. Two holes planned to test the down plunge extent of mineralization. • Determine the surface extent of the Upper Zone and drill test down dip a
Slide 22: Wine Copper-Nickel Project Exploration Targets and Objectives
Wine Copper-Nickel Project Exploration Targets and Objectives Historic Drill Holes Two Target Areas: • Wine Occurrence Priority Drill Targets • Broader Wine Gabbro New Targets Wine Occurrence Current Objectives: • To better drill define • Orientation and plunge of the Main Zone to the south • Extent
Slide 23: Wine Project Analogy - Lynn Lake Nickel Deposits
Wine Project Analogy - Lynn Lake Nickel Deposits • Lynn Lake, 240km north of the Wine Property hosts the Farley Lynn Lake – Historical Production 22.2 Mt @ 1.02% Ni, 0.54% Cu Mine, which mined 22.2Mt grading 1.02% Ni and 0.54% Cu* from 1953 to 1976. • Multiple pods of mineralization 500m were mined
Slide 24: Wine Project – Executing on Plan
Wine Project – Executing on Plan Completed Underway Next 6 Months Acquired and expanded land • Incorporate downhole and • Identify new areas of copper- package ground geophysics and surface nickel mineralization Compiled and corrected geochemistry into geologic model • Test southern extension of
Slide 25: NiCAN - Capital Ownership
NiCAN - Capital Ownership 15% Backed by Experienced Investors Including Strategic Investment by Michael Gentile Retail/HNW Institutional 19.9% 50% Strategic Insiders Management Aligned ~16% Insider Ownership 15% Shares Outstanding 130,734,902 130.7 Million Shares Outstanding Options (@$0.25/sh) 3,00
Slide 26: NiCAN Leadership – Board of Directors
NiCAN Leadership – Board of Directors Mike Hoffman, P.Eng., ICD.D | Chairman Brad Humphrey | Chief Executive Officer & Director Mr. Hoffman is a mining executive with over 40yrs of experience including engineering, mine operations, 30yrs of international mining experience. Prior to joining NiCAN, Mr
Slide 27: NiCAN is focused on Strategically Located Critical Metals
NiCAN is focused on Strategically Located Critical Metals - positioning for the global transition to electrification and decarbonization Nickel is a key component in Electric Battery Cathode Composition - two common Li-ion Vehicles and Energy Storage battery chemistries Nickel holds an important
Slide 28: Thank You
Thank You A Canadian Nickel Explorer info@nicanltd.com www.nicanltd.com TSXv : NICN / OTCQB : NILTF / FRA : W8Y