Canada Nickel Company Inc · TSXV:CNC
Canada Nickel — Investor Presentation (April 2020)
24 slides from Canada Nickel's investor presentation, Apr 27, 2020
Slide 1: Introduction to Canada Nickel Company
Introduction to Canada Nickel Company Delivering the Next Generation of Nickel Sulphide Projects TSX-V: CNC April 27, 2020
Slide 2: Forward Looking Statements
Forward Looking Statements This Presentation contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation about Canada Nickel Company Inc. (“CNC”). Forward-looking information includes statements about strategic plans, including futu
Slide 3: Why Invest in Canada Nickel?
Why Invest in Canada Nickel? Canada Nickel owns 100% of the Crawford Nickel-Cobalt Sulphide project: A new nickel discovery with large scale potential in an established mining camp adjacent to existing infrastructure north of Timmins, Ontario, Canada. - Initial resource ranks as one of top 12 nickel
Slide 4: Board and Management Team
Board and Management Team David Smith • Senior Vice-President, Finance and Mark Selby • Previous President and CEO of Royal Director Chief Financial Officer of Agnico Eagle Chairman, CEO Nickel Corporation P.Eng., C.Dir. Mines Limited. B.Com. • Corporate development, strategy, • Previously a mining
Slide 5: Nickel Demand: A Leader Among Metals
Nickel Demand A Leader Among Metals Nickel demand a leader among metals over the last decade (5%) driven by continued strong growth in stainless steel (5.4%) with little contribution from electric vehicles to date. Base Metals & Other Metals Demand CAGR% (2007 - 2017) 5.4% 5.2% 5.0% 4.2% 3.8% 2.4% 2
Slide 6: 2019 Base Metals - Supply and Demand
2019 Base Metals - Supply and Demand Nickelcontinued Nickel demand grew a further to have 9.4% during the highest demand2018 and 2019 growth of theoutpacing allmetals major base other inmajor both base 2018 metals. and 2019 Demand Growth – Base Metals 2018 & 2019f (YoY) 10% 9.4% 8% 2019 6% 3.8% 4.1%
Slide 7: Electric Vehicles to Drive Significant Additional Demand
Electric Vehicles to Drive Significant Additional Demand Recent Glencore presentation highlights massive growth expected in nickel demand from electric vehicles 7
Slide 8: Nickel Demand: EVs Going to Multiply Demand Requirements
Nickel Demand EVs Going to Multiply Demand Requirements By 2025, EV + 4% trend demand growth (slower than 5% trend) requires nearly 1 Mtpa of new supply. By 2030, 2.5 million tonnes (or double today) is required. 2.5 Mt would require (at best) - $50-$75 billion of new investment this decade. Increme
Slide 9: Nickel Supply – Significant Political Risk
Nickel Supply – Significant Political Risk Is there an ONEC in our future ?? Nickel supply facing increasing political risk as Indonesia now dominates nickel supply growth. Just 3 countries are expected to control as much of the nickel supply as OPEC did of global oil supply at its peak in 1973 Nick
Slide 10: Crawford Nickel-Cobalt Sulphide Project
Crawford Nickel-Cobalt Sulphide Project One of largest nickel-cobalt sulphide resources located in a well established mining camp with infrastructure. • World-class jurisdiction in Ontario, Canada • Established Timmins mining camp with 100-year history of mining • Adjacent to all major infrastructur
Slide 11: Part of Relatively Underexplored Property
Part of Relatively Underexplored Property Why Crawford undiscovered until now? • A few drill holes by Inco in 1960s in each large anomaly • Minimal exploration in 1970/1980s • Land owned by forestry company for several decades until acquired by Noble in 2011 • Little outcrop on land package 11
Slide 12: Large Scale Potential: Geophysical Footprint Larger than Dumont
Large Scale Potential Geophysical Footprint Larger than Dumont Mineralization at Crawford is contained in a serpentinized ultramafic which has a distinct geophysical signature. Crawford has multiple structures with approximately 7.9 km of strike length versus 6km at Dumont Dumont Nickel-Cobalt Proje
Slide 13: Initial Resource
Initial Resource Crawford’s initial resource already ranks as one of the 12 largest nickel resources DOMAIN CLASS TONNES Ni (%) Ni Contained (kt) Co (%) Co Contained (kt) • Higher grade core of M&I Resource HIGHER Measured 59,490,559 0.31 185 0.013 8 of 263 million tonnes at 0.31% GRADE Indicated 20
Slide 14: Higher Grade Core Clearly Defined in Resource
Higher Grade Core Clearly Defined in Resource A higher grade core of 96Mt of 0.34% nickel including an even higher grade shell of 28Mt at 0.38% was defined within resource. Remains open in multiple directions The higher grade core has been defined for: • 1.6 km long • 160-230 m wide • Up to 650 m de
Slide 15: Current Drilling: Only a Fraction of Potential Explored to Date
Current Drilling Only a Fraction of Potential Explored to Date Drilling in 2019 and 2020 has significantly expanded the deposit. Only a fraction of the nearly 8 kilometres of potential strike length at Crawford has been explored to date and remains open in multiple directions. Crawford Nickel-Cobalt
Slide 16: Very Encouraging Initial Mineralogy Results
Very Encouraging Initial Mineralogy Results Crawford’s initial mineralogy results have been positive Initial Mineralogy Results Higher Grade Lower Grade Core Zones # samples 44 45 • 89% of the nickel in the Higher % Ni in nickel sulphide and Grade Core of the resource is 89% 59% nickel-iron alloy mi
Slide 17: PGM Zone
PGM Zone New Palladium-Platinum discovery beginning at surface parallel to existing nickel resource, from 3-12 metres wide with grades as high as 2.2 g/t. Structure continues to depth of 500+ metres Crawford Main Anomaly – PGM Zone Plan view of recent drilling overlain on total field magnetic intens
Slide 18: Additional Property Options: Multiple Targets
Additional Property Options Multiple Targets Recently Acquired1 High Potential Targets Have Similar Geology to Crawford • Canada Nickel acquired the Crawford Annex property (4,909 hectares) and the option to earn up to 80% interest on 5 other targets (collectively “Option Properties”, between 903 to
Slide 19: Significant Scale Potential
Significant Scale Potential Crawford Nickel is already one of 12 largest nickel sulphide projects with <20% of structure tested to date Ranking of Largest Resource Nickel Sulphide Projects Worldwide (WoodMac) Contained Rank Company Project Nickel (Mt) 1. Norilsk Polar/Kola 19.0* 2. Waterton Dumont 5
Slide 20: Canada Nickel Undervalued Versus its Peers
Canada Nickel Undervalued Versus its Peers 400 383 350 300 264 250 200 150 100 85 77 54 50 35 35 37 25 10 - GIGA FPX Nickel St George Cassini Canada Talon Garibaldi Balmoral Chalice Gold Legend Metals Mining Resources Nickel Metals Resources Resources Mining Company Yarawindah New Ni Project Turnaga
Slide 21: New Nickel Sulphide Discoveries Have Been Acquired at Significant Valuations
New Nickel Sulphide Discoveries Have Been Acquired at Significant Valuations Multiple Nova Voisey’s Bay Cosmos Mines Bollinger Acquisition C$4.5 B A$3.1 B C$6.8 B A$1.8B Value & Year (1996) (2007) (2007) (2015) Share Price Accumulation 37x 58x 6.5x 15x Reserve (Mt) 0.9 0.09 1.4 0.27 Resource (Mt) 2.
Slide 22: Ownership Structure
Ownership Structure Canada Nickel began trading at end of February 2020 with 57 million shares outstanding and no warrants. Management and Board members own ~6% of common shares. Capital Structure Common Shares 57 Warrants NIL Options / RSUs 6.5 Fully Diluted Shares 63.5 A financing to raise ~$4 mil
Slide 23: Why Invest in Canada Nickel?
Why Invest in Canada Nickel? Canada Nickel owns 100% of the Crawford Nickel-Cobalt Sulphide project: A new nickel discovery with large scale potential in an established mining camp adjacent to existing infrastructure north of Timmins, Ontario, Canada. - Initial resource ranks as one of top 12 nickel
Slide 24: Corporate Office
Corporate Office 130 King St West Suite 1900 Toronto ON M5X 1E3 TSX-V: CNC +1 (647) 256-1954 info@canadanickel.com Twitter: @CanadaNickel
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