Silver Elephant Mining Corp · TSX:ELEF
Silver Elephant Mining — Investor Presentation (October 2021)
18 slides from Silver Elephant Mining's investor presentation, Oct 20, 2021
Slide 1: Featuring Minago Nickel Mining Project in Canada
Featuring Minago Nickel Mining Project in Canada October 20, 2021 Thompson Nickel Belt, Manitoba, Canada 1
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation may include certain “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future plans a
Slide 3: The Project
The Project • Minago nickel sulphide project in Thompson Nickel Belt • TNB: Canada’s #2 nickel camp based on 5B lbs since 1959 past production (#1 Sudbury, #3 Voisey’s bay) • Nickel resource: 0.74% grade 721M lbs M&I, 319M lbs Inferred* • 1km to paved highway 6 and 230kV power, water • Retitle Envir
Slide 4: The Resource
The Resource Minago Mineral Resource By Mercator -AGP July 2, 2021 Type Ni% Cut-off Category k tonnes Ni % Ni k lbs Measured & Ind. 23,940 0.71 374,305 Open Pit 0.25 North Limb Inferred 2,070 0.57 26,012 Deposit Underground 0.50 Measured & Ind. 20,290 0.77 344,972 16% Resource Inferred 17,480 0.76 2
Slide 5: The Placement
The Placement Silver Elephant to spin-out Minago Nickel Project to Flying Nickel Pro Forma Capital Structure • Subject to Silver Elephant shareholder and regulatory approvals Offering Price $0.70, $0.77 FT • Expected completion in December 2021 Current Shares Outstanding ~50.0M Marketed offering to
Slide 6: The Value
The Value • Nickel resource: 0.74% grade 721M lbs M&I, 319M lbs Inferred* $9 billion dollars of nickel in the ground at Thompson nickel belt 3.5 cents valuation per pound of nickel in the ground • Investments in Minago: $53 million to replicate today Descriptions Today’s Cost Estimate 85,000 meters
Slide 7: The Environment
The Environment Minago could potentially have the world’s lowest CO2 emission per pound nickel produced. Manitoba hydroelectric power (1km away from Minago) has 0.4% CO2 emission intensity compared to power sources used to mine and process nickel elsewhere in the world. Proposed Minago open pit oper
Slide 8: The People
The People Dan Oosterman P. Geo, Rob Van Drunen Doug Ramsey M.Sc. Mark Scott, David Gower, P.Geo. Advsior Chief Executive Officer Chief Operating Officer Environmental Manager Director 25-year experience 40-year experience in 20-year career with Vale 20-years experience in nickel 30-year experience
Slide 9: The Drill-bits
The Drill-bits North Limb Zone 14,000m drilling *74,000m drilling FLYING NICKEL Mining Corp. PenenEEneennenEnnee' wea wert wa0o7 faz wedge"of | Pessoa 1.89m00.60% Ni" ieraliato 64z0ma0.74% Ni sf é asa 36% sa.stoen40y mt y, f Ba siromeo.01% mi Prot coma st% ut saimonar% n “3 Bdmat cto ml * A x 42m 66
Slide 10: The Model
The Model • Nickel-sulphides remobilized into low- stress regimes during folding (e.g. fold noses, pressure shadows along fold limbs) • Nose deposit akin to T1 deposit in Thompson • T3 deposit occurs along fold limb 10
Slide 11: The Gaps
The Gaps • All drilling has target magnetic anomalies • No drilling has occurred between ultramafic bodies • P2 mineralized schist style mineralization may exist in pressure shadows of these larger ultramafic bodies 11
Slide 12: The Potential
The Potential • Start from known coincident DDH-VX-08-03: mag+mineralized zone 66.0m @ 0.52% Ni • Mag highs should be examined as targets especially within distinct fold geometry • Exploration targeting along axial trace of folds • Limbs and noses—limbs in proximity to fold noses have demonstrable m
Slide 13: District Potential
District Potential Less than 20% of 197km2 94 mineral claims 100% owned package explored 2 mineral leases Property Boundary Shaded in Blue 14
Slide 14: The Product
The Product • SGS 2008: Over 60 rougher kinetic and cleaner flotation tests based on samples from 5 dedicated metallurgical drill holes • 0.4% - 0.6% nickel feed • 18% - 34% nickel in concentrate Component Analysis • 52% - 58% nickel recovery Ni (%) 22.3 Cu (%) 1.4 Co (%) 0.46 S (%) 24.4 Fe (%) 17.0
Slide 15: The Destination
The Destination Hydromet/Smelting options for Minago’s nickel concentrate (approx. 10 ktpa nickel in conc, valued at $4,000+/t) Processing Locations Distance Rail cost Nickel 2020 2020 Spare Minago ($/wmt) Capacity Production Vale Sudbury (Smelter) 2,200km $100/t 150kt 90kt 60kt Glencore Sudbury (Sm
Slide 16: The Timeline
The Timeline • A 2011 Permit (Environmental Act License) for a 10,000tpd open-pit mining operation confirmed by Manitoba ministry as valid upon completion of a 2014 Notice of Alteration (NOA) to the Waste Rock Management Tailings Facility • 2022 Q1: NOA expected to be completed • 2022: Complete Feas
Slide 17: The Budget
The Budget • Infill & exploration drilling 5,000 meters • Complete Feasibility study (update from 2011) • Environmental Act License Minago Budget 2021/2022 by Month Item December January February March April May June July August September October November December Total Social & Permitting (EIS,NOA,
Slide 18: The End
The End Featuring Minago Nickel Mining Project in Canada www.flynickel.com dano@flynickel.com Suite 1610 – 409 Granville Vancouver, BC V6C 1T2 Canada 19
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