Slide 1: Pickett Mt. Rezoning Update
Pickett Mt. Rezoning Update
Slide 2: Pickett Mt. Rezoning Update
Pickett Mt. Rezoning Update • LUPC Reiterated Mine-Only approach could gain easier support PROPERTY BOUNDARY • Discussions ongoing with Multiple 7145 Acres towns surrounding the project to gain town approval via ordinance to allow Wolfden to proceed with Plant and Tailings in those Towns • Land owne
Slide 3: Updated Pickett Mt. Mine Site Layout
Updated Pickett Mt. Mine Site Layout Solar Generation Approx 50 acres Water Management Portal and Mining Facilities Shaft Location (3 years post start) 3
Slide 4: Targeted Towns (Phase 1)
Targeted Towns (Phase 1) Hersey Patten Stacyville Sherman
Slide 5: Towns in Support
Towns in Support Phase 1 Targets • Hersey LUPC Jurisdiction • Patten • Stacyville • Sherman Phase 2 Targets • Moro Plt • Mount Chase • Crystal • Island Falls Town Jurisdiction • Dyer Brook
Slide 6: Hersey Town Site Location Options
Hersey Town Site Location Options Option 1 Option 3 Option 2 • Options are closest to Mine Site • Lands are 100% owned by Haynes and is willing to sell to Wolfden after LUPC decision • Greenfield property, no usage, no restrictions identified on BwH Map Viewer • Positive traffic considerations
Slide 7: Stacyville Option 1
Stacyville Option 1 65 Acres Biomass Plant (Convert to Concentrator) • Brownfield Opportunity – Industrial Site – Lower water Quality • Land 100% owned by private owner who is willing to sell to Wolfden • Currently leased by as farmland (potatos) • No restrictions identified on BwH Map Viewer
Slide 8: Stacyville Option 2
Stacyville Option 2 (Change outline to white and lettering in white for 500 acres)) 500 Acres • Greenfield site with room for flexibility • Land 100% owned by same private owner who is willing to sell to Wolfden • No restrictions identified on BwH Map Viewer
Slide 9: Pickett Mt. Time Table Review
Pickett Mt. Time Table Review To Date ü Set up town office in downtown patten on Main Street ü Completed Town information sessions and building local support ü Town Ordinance and Resolutions completed with top two priority Towns Q4 2022 • Re-apply to LUPC with Mine Only Application (Pre-App Meeting
Slide 10: REEs in Maine
REEs in Maine 800 m x 400 m REE Host Trachyte Pickett 0.56% ave REEs 100Mt in top 120m Thorium Anomaly Big Silver Bangor Maine Magnetic base
Slide 11: Manitoba Nickel Projects Update
Manitoba Nickel Projects Update
Slide 12: Manitoba Nickel Projects Summary
Manitoba Nickel Projects Summary Rice Island • 7.8 Mt @1.05% NiEq Ind/Inf at 0.5% NiEq cut-off • Keel and feeder type system • Keel Zone appears to have pinched out. Feeder is still open, but not sure if remobilized mineralization or actual feeder • New Ni+-PGE-enriched targets – Fly, Eureka and Bur
Slide 13: Rice Island Claims
Rice Island Claims Bur Fly Rice Island 9.4 m @ 0.18% Ni. 0.15% Cu Eureka Grid
Slide 14: Rice Island Keel Zone
Rice Island Keel Zone & WOLFDEN . eae it: si if N ry) rr Jqaatainaianen ey
Slide 15: Rice Island – 3D Section
Rice Island – 3D Section • Keel Zone Open at Depth +480 metres • Several Very Strong Conductors outside known limits of SW-Trend are untested • Dec 13, 2021 NI43-101 Mineral Resource Estimate: 4.3 Mt at 1.1% NiEq Indicated 3.7 Mt at 0.9% NiEq Inferred Portion of Hole 16-22 Keel Zone 14.7 m at 3.63%
Slide 16: Rice Island Drill Holes, Magnetics, Prop Grids
Rice Island Drill Holes, Magnetics, Prop Grids 3.0 m @ 5.6% Ni. 3.25% Cu 0.2 m @ 0.69% Ni. 0.25% Cu Gabbro Intrusions Fly Grid Rice Island Kinross - Laguna 9.4 m @ 0.18% Ni. 0.15% Cu Eureka Grid
Slide 17: Fly Target - Regional View
Fly Target - Regional View Trace potential target horizon PGE- enriched blebby Cu-Ni mineralization Hudbay Bur Property 12 Km long trend
Slide 18: Rice Island Summary
Rice Island Summary • Rice Island Keel Zone deposit does not extend further to depth • Rice Island Feeder deposit is still open down-plunge, but may be limited to proximal to the Keel Zone • New Target Type 1 - PGE-enriched, blebby-type gabbro hosted sulphide zone – Potential 12 km long target area
Slide 19: Nickel Island - Location and Infrastructure
Nickel Island - Location and Infrastructure Hydro Powerline All Season Road Red Sucker Lake Wasagamack Garden Hill St. Theresa Point Winter Road Komatiite Flow Manitoba Ontario All Season Road 19
Slide 20: Nickel Island – Regional Land Holdings
Nickel Island – Regional Land Holdings Wolfden Callinex St John Carbon
Slide 21: Nickel Island Project
Nickel Island Project • Current resource of 8.37 mT @ 0.88% NiEq Inferred at 0.5% NiEq cut-off( compliant - inferred) • Komatiite-hosted Kambalda type (?) which can be very high grade • Strong, untested conductive zones along strike suggest good potential for massive sulphide type Ni mineralization
Slide 22: Nickel Island Project – wire frame model
Nickel Island Project – wire frame model 900 m 22
Slide 23: Nickel Island Project Massive Sulphide
Nickel Island Project Massive Sulphide 7.43% Ni, 0.49% Cu, 0.08% Co, 2.72 g/t Pd, 0.67 g/t Pt. 0.15 g/t Au
Slide 24: Nickel Island Project Massive Sulphide
Nickel Island Project Massive Sulphide • Work permit in hand for geophysics. Drilling permit pending community presentations. MEL 1044 claim, which was pending, expected to be granted next week Nickel min in ddh