Nexmetals Mining Corp. · TSXV:NEXM
Nexmetals Mining — Premium Nickel Resources — Investor Presentation (December 2022)
32 slides from Nexmetals Mining's investor presentation, December 2022
Slide 1: Nickel, copper and cobalt are key to a low carbon future
Nickel, copper and cobalt are key to a low carbon future Corporate Presentation TSX-V: PNRL | premiumnickel.ca December 2022
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 and Technical Information
SCIENTIFIC AND TECHNICAL INFORMATION Mineral Resources This Presentation contains information regarding mineral resources estimated at the projects referenced herein. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The estimate of mineral resources may be
Slide 4: Company Overview
COMPANY OVERVIEW Advancing highly prospective camp scale nickel-copper-cobalt projects Botswana – Greenland – Morocco – Canada PREMIUM NICKEL RESOURCES LTD. CAPITAL STRUCTURE (As December 12, 2022) PNRL’s project development team includes industry leading geoscientists with decades of direct global
Slide 5: Company Assets
COMPANY ASSETS Nickel, copper and cobalt are key to a low carbon future | TSX-V: PNRL 5
Slide 6: Botswana
BOTSWANA Highlights Highly rated mining jurisdiction with rule-of-law Competitive tax rates and no foreign exchange controls Population of Botswana is approximately 2.3 mm Stable political, fiscal, and macroeconomic environment Mining sector dominates the economy and is correlated with glo
Slide 7: Summary
SUMMARY Premium Nickel Resources Ltd. (“PNRL” or the “Company”) is the public company resulting from the combination, effective August 3, 2022, of North American Nickel Inc. (formerly TSXV: NAN) (“NAN”) and Premium Nickel Resources Corporation (“PNRC”), a private company incorporated in Canada in 20
Slide 8: Selebi Mines Transaction Milestones
SELEBI MINES TRANSACTION MILESTONES February 10, 2021, December 2019, PNRL began initial due PNRC was selected as March 24, 2021, PNRL diligence on the former producing BCL Mines in the preferred bidder and began a 6-month exclusivity Selebi-Phikwe, and the Phoenix/Selkirk mines awarded exclusivity
Slide 9: 100% Owned Selebi Mine Including Selebi North & Selebi Deposits
100% OWNED SELEBI MINE INCLUDING SELEBI NORTH & SELEBI DEPOSITS Situated in north-western Botswana south of the town of Selebi Phikwe, 410 kilometres north-east of Gaborone with complete rail, water and power infrastructure. PHIKWE MINE & PROCESSING COMPLEX IN LIQUIDATION Ni-Cu mineralization at
Slide 10: Selebi North and Selebi Infrastructure
SELEBI NORTH AND SELEBI INFRASTRUCTURE Selebi #2 Shaft Selebi North #4 Shaft Commissioned in 1980 Opened in 1990 Depth 367 metres - development depth 1140 metres Depth 745 metres - development depth 970 metres Capable of producing up to 900,000 Capable of producing up to 600,000 t/year t
Slide 11: Selebi Mine: Extended Mine Horizon with Conductive Massive Sulphide Mineralization
SELEBI MINE: EXTENDED MINE HORIZON WITH CONDUCTIVE MASSIVE SULPHIDE MINERALIZATION PNRL’s review of the historical exploration database identified a priority borehole electromagnetic (BHEM) target area at Selebi that may potentially hold a major Ni-Cu-Co deposit Initial computer modeling in 2020
Slide 12: SMD-22-001: 14M of Massive/Semi-Massive Highly Conductive Ni-Cu-Co Mineralization
SMD-22-001: 14M OF MASSIVE/SEMI-MASSIVE HIGHLY CONDUCTIVE Ni-Cu-Co MINERALIZATION Drilling intercept at 1378M versus BHEM Conductive Plate interpreted at 1375M SELEBI DEPOSIT SMD-22-001 25.65 metres of 0.95% Ni, 2.03% Cu, 0.04% Co and 7.40 ppm Ag incl. 6.90 metres of 2.22% Ni, 3.76% Cu, 0.08% Co a
Slide 13: Selebi Mine: BHEM and Drilling Indicate Conductive Mineralization Down-Dip
SELEBI MINE: BHEM AND DRILLING INDICATE CONDUCTIVE Ni-Cu-Co MINERALIZATION DOWN-DIP, DOWN PLUNGE AND BELOW THE LEGACY SAMREC RESOURCES June 2022 July 2022 July 2022 Including Drill Holes sd140 sd140 sd119 sd119 Nickel, copper and cobalt are key to a low carbon future | TSX-V: PNRL 13
Slide 14: Selebi Mine: PEA Work Plan and Metallurgy
SELEBI MINE: PEA WORK PLAN AND METALLURGY 2021-2022 PNRL Work Program and Metallurgy The 2020 discovery of a high conductance EM off-hole anomaly from drill hole SD140 initiated a work program based on the following objectives: o Demonstrate that the structure is continuous between Selebi North an
Slide 15: Selebi Underground Resource Drilling 2022-2023
SELEBI UNDERGROUND RESOURCE DRILLING 2022-2023 The PNRL target is an inferred resource drilled off at 200m centers Surface drilling PEA resource Historic surface drilling target size 5 Mt Underground workings SAMREC Resource (pink) Underground drilling PEA resource target size 18 Mt Interpretation
Slide 16: Selebi North SAMREC Resource, EM Plates, & PEA Target Outline
SELEBI NORTH SAMREC RESOURCE, EM PLATES, & PEA TARGET OUTLINE 2016 SAMREC compliant resources at Selebi (blue) and Selebi North (red), showing mine workings (gray) and area of upside potential Nickel, copper and cobalt are key to a low carbon future | TSX-V: PNRL 16
Slide 17: Selebi North PEA Planned U/G Drilling 2022-2023
SELEBI NORTH PEA PLANNED U/G DRILLING 2022-2023 Nickel, copper and cobalt are key to a low carbon future | TSX-V: PNRL 17
Slide 18: 100% Owned Selkirk Mine
100% OWNED SELKIRK MINE On August 22, 2022, PNRL completed its purchase from the liquidator of Tati Nickel Mining Company of the Selkirk nickel copper cobalt-platinum-group metals mine and surrounding prospecting licenses and infrastructure formerly operated by TNMC. The legacy Selkirk undergrou
Slide 19: Selkirk Mine Metallurgy: A Diverse Polymetallic System
SELKIRK MINE METALLURGY: A DIVERSE POLYMETALLIC SYSTEM OF Ni-Cu-Co-PGEs A key component of PNRL’s redevelopment plan at Selkirk included the ability to produce marketable grade copper and nickel concentrates. Metallurgical testing was completed in September 2021 prior to making an offer to purchase
Slide 20: Selkirk Mine: Historical Resource Estimates
SELKIRK MINE: HISTORICAL RESOURCE ESTIMATES(1) PNRL is re-evaluating Selkirk as an independent modern operation with state-of-the-art processing and tailings management facilities. The modernization redevelopment will prioritize minimizing environmental impacts using new technologies, less water
Slide 21: Notes - Selkirk Mine: Historical Resource Estimates
NOTES - SELKIRK MINE: HISTORICAL RESOURCE ESTIMATES (1) Other than in respect of the Historic Selkirk MRE (2006) (as defined below), the historic mineral resource estimates presented in Table 1: Summary of Historical Mineral Resource Estimates at Selkirk have not been prepared in accordance with NI
Slide 22: Greenland: The Country
GREENLAND: THE COUNTRY PRO-MINING ACTIVELY ATTRACTING RESOURCE CAPITAL Committed to resource extraction Focused on a diversified economy, tax base, exports and local high-quality employment MODERN WELL-SERVICED TRANSPARENT REGULATORY SYSTEM CONTAINER PORTS Competitive mining tax regime, no land clai
Slide 23: Greenland: Maniitsoq Project Overview
GREENLAND: MANIITSOQ PROJECT OVERVIEW Located on pack ice free tide water allowing for year-round shipping ad management of working capital 100% owned, district scale land package covering 3,048 square kilometres 75 kilometres x 15 kilometres Greenland Norite Belt (GNB) hosting numerous minera
Slide 24: Greenland: Drilling Highlights
GREENLAND: DRILLING HIGHLIGHTS IMIAK HILL COMPLEX Mikissoq MQ-16-113 53.25m @ 0.81% Ni, 0.36% Cu, 0.05 g/t PM incl. 5.15m @ 2.56% Ni, 0.37% Cu, 0.11 g/t PM MQ-16-117 74.05m @ 1.08% Ni, 0.54% Cu, 0.11 g/t PM incl. 13.65m @ 1.84% Ni, 0.64% Cu, 0.09 g/t PM MQ-16-118 47.00m @ 0.51% Ni, 0.25% Cu, 0.15 g/
Slide 25: Greenland: Continued Exploration Potential
GREENLAND: CONTINUED EXPLORATION POTENTIAL High priority VTEM anomalies recently upgraded based on geochemical data Historic stream sample database reprocessed in 2018 by Dr. Lightfoot identified 3 priority areas for follow up Large Worldview-3 anomaly interpreted to be norite with no VTEM cov
Slide 26: Morocco: The Country
MOROCCO: THE COUNTRY MOROCCO STRATEGIC LOCATION FAVORABLE LEGISLATIVE AND TAX with close access to global markets ENVIRONMENT at the doorway to Europe with a 5-year tax exemption for new mining projects 50% TAX REDUCTION STATE CONTRIBUTION POLITICAL STABILITY For miners exporting their products On i
Slide 27: Morocco: The Opportunity
MOROCCO: THE OPPORTUNITY First nickel mover into a new emerging secure mining-friendly jurisdiction Camp scale mafic intrusive belt along craton boundary with numerous Ni-Cu-Co gossanous outcrops o no drilling on the known mineral occurrences o no known use of EM, or other modern systematic expl
Slide 28: Morocco: Imilchil Area
MOROCCO: IMILCHIL AREA Acquired 5 exploration permits Jurassic-aged extensive mafic-ultramafic magmatic event at the margin of a significant trans-lithospheric structure Troctolitic and gabbroic intrusions with Ni-Cu occurrences Regional magnetic surveys and landsat imagery indicate more ult
Slide 29: Commitment to ESG & Sustainability
COMMITMENT TO ESG & SUSTAINABILITY People First! PNRL’s strategy includes responsible corporate behavior, implementing new and innovative technologies that are environmentally friendly and setting up operations that will have the smallest carbon footprint. Proper metrics, upholding and exceeding
Slide 30: Experienced, Discovery Focused Leadership
EXPERIENCED, DISCOVERY FOCUSED LEADERSHIP SENIOR OFFICERS AND OPERATIONAL LEADERSHIP KEITH MORRISON, P. Geo. MONTWEDI MPHATHI Chief Executive Officer Over 40 years experience in the resources sector with a background in strategy, CEO, Premium Nickel Resources Botswana finance, exploration, technolog
Slide 31: Board of Directors
BOARD OF DIRECTORS CHARLES RIOPEL WILLIAM O’REILLY Chairman Formerly Managing Partner and a member of the Management Committee of Davies Ward An accomplished senior-level executive with over 25 years domestic/international Phillips & Vineberg LLP, a leading Canadian law firm, from 1997 until his ret
Slide 32: Jaclyn Ruptash, Vice President Business Development
JACLYN RUPTASH Vice President Business Development +1 604-770-4334 | Toll-Free 1-833-770-4334 info@premiumnickel.com 100 King St. West, Suite 3400 One First Canadian Place, P.O. Box 130 Toronto, Ontario, Canada M5X 1A4 TSX-V: PNRL | premiumnickel.ca
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