Ev Nickel Inc. · TSXV:EVNI
Ev Nickel — Investor Presentation (March 2024)
28 slides from Ev Nickel's investor presentation, March 2024
Slide 1: The world needs our Clean Nickel: Accelerating the Clean Energy Transition
March 2024 Shaw Dome Resources + Potential --------------------- The world needs our Clean Nickel TM Accelerating the Clean Energy Transition
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking information and forward-looking The Company does not make any representation as to the accuracy of such information. statements (collectively, “forward-looking statements”) within the meaning of applicable This presentation does not const
Slide 3: The Shaw Dome Project - Current Resources
The Shaw Dome Project- Current Resources Porcupine N Timmins Ontario Current EVNi Tonnes Ni Ni Resources * Grade Contained 2.4 M Timmins CarLang A Zone 1B 0.24% tonnes Sudbury W4 Deposit 2M+ 0.98% 43M lbs Toronto Less than 30kms CarLang A Zone Large-Scale Shaw Dome Redstone Mill W4 Deposit Operating
Slide 4: The Shaw Dome Project - Current Resources (+ Potential)
The Shaw Dome Project- Current Resources (+ Potential) Porcupine CONCEPTUAL N Timmins Ontario Current EVNi Tonnes Ni Ni Resources * Grade Contained 2.4 M Timmins CarLang A Zone 1B 0.24% tonnes Sudbury W4 Deposit 2M+ 0.98% 43M lbs Toronto Less than 30kms Shaw Dome Ni Potential EVNi? Tonnes Grade Larg
Slide 5: Clean Nickel R&D - rethinking each step
Clean Nickel R&D- rethinking each step Carbon Capture- Enriched Results Targeting the lowest possible CarLang A Zone: CO2 Captured vs Time carbon cost per unit of nickel CO2 captured (kg CO2/tonne of tailings) 50 TM 40 30 • Our current R&D starts with: 20 o Bioleaching to avoid the Smelter/Refiner 1
Slide 6: EV Nickel - a group of businesses
EV Nickel- a group of 3 businesses Potential Next Current Target Steps 4 more W4 PEA on W4 High Grade W4 Zone- Zones? 2M+ tonnes @ Additional (on current land, Mineralization 0.98% Ni more through nearby Exploration of High- acquisition) Grade Targets Surface Sampling CarLang A Zone- Complete
Slide 7: Capital Structure
Capital Structure TSXV: “EVNI” Basic Shares Outstanding: Prelim Clean Founders 9.8M Nickel Rogue Resources 6.6M results March 2021 Round (@ $0.30) 6.8M W4 Updated Completed Dec 2021 IPO Round (@ $0.75) 7.0M Resource $2M financing Shaw Dome Acquisition Vendor 2.5M Since December 2023, 9.7M shares Jul
Slide 8: North American Large-Scale Nickel Projects
North American Large-Scale Nickel Projects Private Co- Ticker: cve:CNC cve:FPX cve:EVNI asx:ASO cve:ncp cve:GIGA Kinterra CarLang A Main Project: Crawford Decar Boomerang Nickel Shaw Turnagain Dumont Zone Jurisdiction: Ontario BC Ontario Ontario Yukon BC Quebec Development BFS PFS Resource Resource
Slide 9: North American Large-Scale Nickel Projects News
North American Large-Scale Nickel Projects News Announcements: Feb 2023- 9.9% to Anglo American, $24M Dec 2023- 12% to Agnico-Eagle, $23M Jan 2024- 8.7% to Samsung SDI, $25M Jan 2024- 9.9% to Sumitomo Metal Mining, $14.4M Source: Public disclosures for each company. 9
Slide 10: NA Large-Scale Nickel Projects compared (1 of 3)
NA Large-Scale Nickel Projects compared (1 of 3) Main Project: Crawford Decar CarLang Modelled to 400m, multiple Depth of Mineralization >800m Pushing into slope holes bottomed in dunite Grade 0.24% Ni 0.21% Ni 0.24% Ni Nickel Sulphide hosted in Nickel in awaruite hosted in Nickel Sulphide hosted in
Slide 11: NA Large-Scale Nickel Projects compared (2 of 3)
NA Large-Scale Nickel Projects compared (2 of 3) Depth of Overburden Avg 38m, up to 82m Pushing into slope < 5m Overburden 620 M tonnes 50 M tonnes < 20 M tonnes (TBD) $1.4 B Cost to Remove $130M < $40 M (TBD) $2.22 / tonne Overburden $2.59 / tonne (closer to surface, less cost) (deeper removal) Tim
Slide 12: NA Large-Scale Nickel Projects compared (3 of 3)
NA Large-Scale Nickel Projects compared (3 of 3) Laterally along trend Deep pit, costly setbacks, 300 m pit depth mining Ease of Mining <400m bottom of pit 600m bottom of pit laterally into a mountain side (still TBD) Distance from Major 45km from Timmins* 120km from Prince George 25km from Timmins*
Slide 13: North American High Grade Nickel Projects
North American High Grade Nickel Projects Ticker: Private Co tse:TLO cve:EVNI cve:PNPN cnsx:nico Main Project: Eagles Nest Tamarack W4 Zone NISK Alexo-Dundonald Jurisdiction: Ontario Michigan Ontario Quebec Ontario Development BFS BFS Resource Resource Resource Stage: Total Tonnes:* 20M 17M 2M 7.2M
Slide 14: Large-Scale Targets: massive potential
Large-Scale Targets: massive potential Strength of Geotech VTEM System Carman - Langmuir Magnetic Total Magnetic Intensity Targets (aka “CarLang”) Intensity (flown by Vendor, May 2008) Higher * Adams- Eldorado Targets Lower For Comparison: Size of CNC’s Crawford Main Zone 360m North 1.8km Scale 2km
Slide 15: CarLang, a 10km+ trend - historic surface sampling
“CarLang”, a 10km+ trend- historic surface sampling ▪ Across EV Nickel’s Land package on the Shaw Dome district, many of the surface samples, taken from the Dunites and the Peridotites, graded >0.25% Ni Carman Township 40 samples, 0.33% average Ni grade For Comparison: Size of CNC’s Crawford Main Zo
Slide 16: CarLang, a 10km+ trend - historic drilling
“CarLang”, a 10km+ trend- historic drilling 16
Slide 17: W4 Zone: 2010 - Historical Mineral Resource
W4 Zone: 2010 - Historical Mineral Resource ▪ 22,152 metres of diamond drilling within the W4 area Resource Table ▪ Mineralization subcrops to surface, ranges from 0 to 20m overburden available at evnickel.com ▪ The main mineralized channel is confirmed open at depth and to extend east and west on t
Slide 18: W4 Zone: 1H 2022 - results, New W4 Extension
W4 Zone: 1H 2022 - results, New “W4 Extension” Cross Section 497450 E NEW- Drilled from Forks (looking west) North of river R. Base of overburden Above 200m… Focus of the 2010 W4 Resource ~200m below surface Below 200m… New “W4 Extension” EV22-12 14.3m @ 1.50% Ni with 5.4m @ 2.96% Ni EV22-13 15.8m @
Slide 19: W4 Zone - 2023 Drilling - Drill Hole EV23-02 - Detail
W4 Zone – 2023 Drilling – Drill Hole EV23-02 - Detail For Further Detail see the February 16, 2023 News Release. 19
Slide 20: 2023 - Updated Resource for the High-Grade W4
2023- Updated Resource for the High-Grade W4 • Measured + Indicated 31.3M lbs @ 0.98% Ni (2.1x the 2010 estimate*) • Inferred- 12.1M lbs @ 0.98% Ni (3.6x 2010) • 72% of Resource Ni lbs are in Measured and Indicated • Significant resource expansion potential exists at the W4 Deposit as it is open at
Slide 21: Other High-Grade Targets: more potential
Other High-Grade Targets: more potential Shaw Dome 3D Map created from VTEM, EM and Magnetics Survey data Being used by the Exploration team to prioritize additional Phase 4 targets… Croxal/ Redstone Trend Langmuir Cluster W2 Zone Source: Condor North Consulting ULC 21
Slide 22: Shaw Dome: Comparison to Australia's Kambalda Dome
Shaw Dome: Comparison to Australia’s Kambalda Dome ▪ Studies have compared the Komatiite-associated deposits of the Shaw Dome with the Kambalda Dome (1) ▪ Similar to Shaw Dome High Grade, Kambalda Dome mined ~51Mt grading 3.1% Ni from 1968 to 2020 (2) ▪ Komatiite-associated Nickel sulphide deposits
Slide 23: EV Nickel Inc.
EV Nickel Inc. 200-150 King St West, Toronto, ON M5H 1J9, Canada info@evnickel.com TM
Slide 24: Appendix
Appendix #2 EV Nickel clean
Slide 25: Maiden Mineral Resource Estimate for the CarLang A Zone
Maiden Mineral Resource Estimate for the CarLang A Zone 37 millions EVs In the ground? CarLang A Zone represents just 20% of the full 10 km-long CarLang Area Trend. Average 100kWh electric vehicle battery requires ~145 pounds of nickel -(Bloomberg New Energy Finance) Note: Full MRE notes in Appendix
Slide 26: MRE Notes - CarLang A Zone
MRE Notes- CarLang A Zone 1. The independent Qualified Person for the Mineral Resource Estimate, as defined by NI 43-101, is Mr. Simon Mortimer, (FAIG #4083) of Atticus Geoscience Consulting S.A.C., working with Caracle Creek International Consulting Inc. The effective date of the Mineral Resource E
Slide 27: 2023 - Updated Resource for the High-Grade W4
2023- Updated Resource for the High-Grade W4 ~300K EVs The W4 has Great Grade, In the within 400m of Surface. ground? Average 100kWh electric vehicle battery requires ~145 pounds of nickel -(Bloomberg New Energy Finance) 27 Note: Full MRE notes in Appendix
Slide 28: MRE Notes - W4 Zone
MRE Notes- W4 Zone 1. The independent Qualified Person for the MRE, as defined by NI 43-101, is Mr. Simon Mortimer, (FAIG #4083) of Atticus Geoscience Consulting S.A.C., working with Caracle Creek International Consulting Inc. The effective date of the MRE is June 9, 2023. 2. These Mineral Resources