Nexmetals Mining Corp. · TSXV:NEXM
Nexmetals Mining — Premium Nickel Resources — Investor Presentation (July 2024)
26 slides from Nexmetals Mining's investor presentation, July 2024
Slide 1: Building a Modern Critical Metals Supply Chain
BUILDING A MODERN CRITICAL METALS SUPPLY CHAIN INVESTOR PRESENTATION July 2024 TSX-V: PNRL | OTCQX: PNRLF premiumnickel.com
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation (the “Presentation”) is to be used by the recipient for informational purposes only and does not purport to be complete or contain all of the information that may be material to the current or future business, operations, financi
Slide 3: Scientific & Technical Information
SCIENTIFIC & TECHNICAL INFORMATION Caution Regarding Historic Data Certain scientific and technical information in this Presentation, including historic data compilation at the Selebi and Selkirk projects, are historic in nature. Reference should be made to the full text of the Selebi Technical Repo
Slide 4: Redeveloping Ni-Cu-Co Critical Metal Camp Scale Deposits in Botswana
REDEVELOPING Ni-Cu-Co CRITICAL METAL CAMP SCALE DEPOSITS IN BOTSWANA RAPID MODERNIZATION OF LARGE PAST PRODUCING MINES • All deposits are permitted for mining. • Key infrastructure is in place enabling a rapid path to Premium Nickel Resources Ltd. production as early as 2027. (PNRL) has 100% ownersh
Slide 5: Project Milestones
PROJECT MILESTONES December 2019: PNRL began initial January 2022: Closing of December 2022: due diligence on the former producing the Selebi Mines BCL Mines in Selebi-Phikwe and the Completed ~15,000-metre purchase drill program at Selebi Phoenix/Selkirk mines. 2019 2020 2021 2022 2023 Selebi & Sel
Slide 6: Botswana: A Closer Look
BOTSWANA: A CLOSER LOOK FRIENDLY COMPETITIVE STRATEGIC TAX RATES & RULE OF LAW ACCESS TO BENEFIT OF MINING NO F/X GLOBAL WESTERN JURISDICTION CONTROLS MARKETS ALLIES • Highly rated mining jurisdiction: Long history of rule-of-law, Investment Attractiveness: Ranking 10/62 competitive tax rates and no
Slide 7: Summary of Botswana Mines
SUMMARY OF BOTSWANA SELEBI-PHIKWE CAMP FRANCISTOWN MINES • Past producing mines with fully operational shafts and underground infrastructure at a SELKIRK historic capacity 1.5Mt/year, accessible by road and serviced by the town of Selebi-Phikwe. • 35+ years in production mining approximately 102Mt s
Slide 8: Historical Resource Estimates (as at 2016) under SAMREC Code
HISTORICAL RESOURCE ESTIMATES (AS AT 2016) UNDER SAMREC CODE The historic remaining resources are South African Mining Resources (SAMREC) compliant, calculated after the mine closure include: MEASURED INDICATED INFERRED TONNES GRADES TONNES GRADES TONNES GRADES Ni % Cu % Ni % Cu % Ni % Cu % SELEBI 7
Slide 9: Capital Structure
CAPITAL STRUCTURE (As July 8, 2024) Issued & Outstanding 185,708,588 Options ($0.39 - $2.40) 13,059,821 Warrants ($1.75 - $2.40) 42,822,508 Deferred Share Units 1,393,676 Preferred Shares The 118,186 outstanding preferred shares 13,131 are convertible into common shares at a 9:1 ratio Fully Diluted
Slide 10: Global Ni Sulphide Asset Transactions
GLOBAL NI SULPHIDE ASSET TRANSACTIONS These transactions and the related assets are being identified for illustrative purposes only and, for the avoidance of doubt, the Company does not own, or have any interest in, these assets TONNAGE EV/RESOURCE ACQUIRER TARGET TRANSACTION EV (US$M) (NiEq. GRADE
Slide 11: Global Ni Sulphide Assets
GLOBAL NI SULPHIDE ASSETS ACQUISITION PERMITTING IN INFRASTRUCTURE IN ASSET COMPANY TONNAGE GRADE NOTE COST PLACE PLACE IGO acquired Nova Bollinger in 2015 Nova-Bollinger 14.3 Mt 2.3% Ni 0.9% Cu $1.8B (AUD) from Sirius Resources. CAPEX to production was $443M AUD Cosmos 67 Mt 0.98% Ni IGO Acquired C
Slide 12: ESG Commitment & Impact
ESG COMMITMENT & IMPACT We are committed to a sustainable future, aligning with ESG principles to drive economic prosperity, protect the environment, and enrich our communities. Advancing responsible mining, promoting innovation, and ensuring a brighter future for Botswana and its people. ECONOMIC P
Slide 13: Building a Net Zero Supply Chain Ecosystem
BUILDING A NET POWER SOLUTIONS WITH LOCAL/INTERNATIONAL PREMIUM NICKEL ZERO SUPPLY CHAIN PARTNERSHIPS RESOURCES BOTSWANA ECOSYSTEM ALTERNATIVE ENERGY: RENEWABLE SOLAR ENERGY 200MW – 400MW SELEBI / SELKIRK MINES WATER TREATMENT • Solar / Hydrogen • Water Purification • Electric powered mining Fleet O
Slide 14: Geological Model 2024
GEOLOGICAL MODEL 2024 • The results of PNRL’s exploration programs provide significant evidence that the Selebi and Selebi North deposits are part of one large mineralized system demonstrated in green between the historic resources. • The mineralization is present in at least three mineralized horiz
Slide 15: Selebi Deposit Planned U/G Drilling: Selebi North Access
SELEBI DEPOSIT PLANNED U/G DRILLING: SELEBI NORTH ACCESS Initial focus: Advancing Selebi North through underground and surface drilling. • Underground drilling for resource definition and targeting electromagnetic (EM) plates with compelling geological and structural association. • Further undergrou
Slide 16: Assay Highlights 2023/2024 Selebi North Underground Drilling
ASSAY HIGHLIGHTS 2023/2024 SELEBI NORTH UNDERGROUND DRILLING Ann. Date Length NiEq 14-Nov-23 9.25 1.78% 27-Nov-23 22.00 1.74% 19-Dec-23 10.45 1.45% 30-Jan-24 30.45 2.88% 9.55 3.94% 13-Feb-24 102.80 2.23% 26-Feb-24 110.75 2.56% 5-Mar-24 18.15 2.25% Selebi North – Select Intercept Drill Core SNUG-023-
Slide 17: Selkirk
SELKIRK • On August 22, 2022, PNRL completed an asset purchase with the Liquidator of Tati Nickel Mining Company to acquire the Selkirk nickel copper cobalt-platinum-group metals Mine and surrounding prospecting licenses and infrastructure formerly operated by TNMC • The Selkirk mining license cover
Slide 18: Redevelopment Through Modernization
REDEVELOPMENT THROUGH MODERNIZATION • Recoveries of all the metals (Ni, Cu, Co, Au, Pt and Pd) were very high in the initial batch testing of the Platsol process with concentrates from both the Selebi and Selkirk projects. Results of initial Phase 1 laboratory testwork on Platsol testing of Selkirk
Slide 19: Experienced, Discovery Focused Leadership
EXPERIENCED, DISCOVERY FOCUSED LEADERSHIP KEITH MORRISON, P. Geo. PETER RAWLINS Chief Executive Officer & Director Senior VP & CFO • 40+ years global resource sector experience • 20+ years in Capital Markets at two leading Canadian banks • Co-founder of successful Canadian companies Quantec and QGX
Slide 20: Board of Directors
BOARD OF DIRECTORS JIM GOWANS WILLIAM O’REILLY Director & Independent Chairman • Corporate Director and former Managing Partner at Davies Ward • 30+ years as a senior executive in the mining industry Phillips & Vineberg LLP • Notable roles at Debswana Diamond Company in Botswana, • Partner at Davies
Slide 21: Why Premium Nickel
WHY PREMIUM NICKEL MAXIMIZING RESOURCE POTENTIAL • 100% OWNERSHIP IN A PERMITTED WORLD CLASS NI-CU-CO CAMP • LOCATED IN TOP MINING JURISDICTION • FUTURE INDEPENDENT SUPPLY CHAIN OF LOW CARBON CRITICAL METALS FOR THE USA AND EU MARKETS • INITIAL NATIONAL INSTRUMENT 43-101 MINERAL RESOURCE ESTIMATE ON
Slide 22: Contact Us
CONTACT US JACLYN RUPTASH VP Communications, Government & Investor Relations +1 833-770-4334 Jaclyn@premiumnickel.com 3400 – One First Canadian Place, PO Box 130 Toronto, ON M5X 1A4 INVESTOR PRESENTATION - TSX-V: PNRL | OTCQX: PNRLF 22
Slide 23: Appendix A: Notes on Selkirk Mine: Historical Resource Estimates
APPENDIX A: NOTES ON SELKIRK MINE: HISTORICAL RESOURCE ESTIMATES In order to report these historical mineral resource estimates in accordance with NI 43-101, Sharon Taylor, Chief Geophysicist of the Company, who is a "qualified person" for the purposes of NI 43-101, has indicated that it would be ne
Slide 24: Appendix B: Notes on Global Ni Sulphide Asset Transactions
APPENDIX B: NOTES ON GLOBAL NI SULPHIDE ASSET TRANSACTIONS The following assets were held by Western Areas Ltd at the time of its acquisition by IGO Ltd in 2021 (figures as of September 30, 2021)(1)(2)(3): Flying Fox Area (JORC) Spotted Quoll Area (JORC) Diggers Area (JORC) Tonnage Grade Contained T
Slide 25: Appendix B (Continued): Notes on Global Ni Sulphide Asset Transactions
APPENDIX B (Continued): NOTES ON GLOBAL NI SULPHIDE ASSET TRANSACTIONS The following assets were held by Noront Resources Ltd. at the time of its acquisition by Wyloo Metals in 2021 (1)(2)(3): The following asset was held by Sirius Resources at the time of its acquisition by Independence Group LP (I
Slide 26: Appendix B (Continued): Notes on Global Ni Sulphide Asset Transactions
APPENDIX B (Continued): NOTES ON GLOBAL NI SULPHIDE ASSET TRANSACTIONS The following assets were held by LionOre Mining International Ltd. at the time of its acquisition by Norilsk Nickel in 2007 (shown on a 100% basis) (figures as of December 31, 2006 and Shown on a 100% basis)(1)(2)(3): Phoenix (8
Premium Nickel Resources — Investor Presentation (July 2024) on 6ix