Nicola Mining Inc. · TSXV:NIM
Nicola Mining — Investor Presentation (September 2025)
26 slides from Nicola Mining's investor presentation, September 2025
Slide 1: Nicola Mining Inc. Corporate Presentation September 2025
BRITISH COLUMBIA BASED GOLD AND SILVER PRODUCER COPPER EXPLORER NICOLA MINING INC. CORPORATE PRESENTION SEPTEMBER 2025 TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain st at ement s a n d projections in this presentation are forward -look ing statements a n d forward-look ing information w i t h i n the m e a n i n g of ap p l i cab l e securities laws. F orwa rd-l o ok i ng i nformat ion is frequently c
Slide 3: Key Catalysts for 2025 and On
NICOLA MINING INC. KEY CATALYSTS FOR 2025 AND ON offers a unique investment Ramp up to full capacity at the Merritt Mill opportunity combining • Commenced milling of high-grade gold under Talisker partnership and preparing to ✓ cash generating mill facility receive high-grade gold ore from Blue Lago
Slide 4: Project Portfolio
PROJECT PORTFOLIO Unique Combination of Cash Flow and Discovery Potential NEW CRAIGMONT PROJECT (100%) • Historic Craigmont Copper Mine produced 900M lbs (34Mt MERRITT MILL & TAILINGS FACILITY (100%) @ 1.28% Cu) • Only facility permitted to process third party gold • Adjacent to Highland Valley Mine
Slide 5: Merritt Mill Facility
MERRITT MILL FACILITY The only facility permitted to process gold and silver from third party sources in British Columbia. TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF 5
Slide 6: Merritt Mill: Highly Strategic Mill Facility
MERRITT MILL Highly Strategic Mill Facility with Tremendous Third-Party Demand • The only facility permitted to process gold and silver ores from third party sources in B.C. • Over 100 small-to-medium size gold/silver deposits within trucking distance with no third-party processing alternatives to t
Slide 7: Merritt Mill: Large, Modern Mill & Tailings Facility
MERRITT MILL Large, Modern Mill & Tailings Facility • 100%-owned by Nicola Built on 980 acres of freehold, industrial zoned land with ample room for future expansions. • 200 plus tonnes per day (tpd) of installed capacity • Includes conventional crushing, grinding and flotation circuits • On 900 acr
Slide 8: Milling & Profit Share Agreements in Place
MERRITT MILL Milling & Profit Share Agreements in Place for 100% of Existing Capacity ✓ Profit sharing structure • Long-term Mining and Milling Partnership Agreement in place • Agreement signed on April 9, 2024 and extended in May ✓ Exposure to • Up to 75K tpy of mill feed from Dome Mountain mine 20
Slide 9: New Craigmont Project
NEW CRAIGMONT PROJECT Historical major copper mine (~900M lbs Cu) in prolific copper belt with high- grade skarn and porphyry copper discovery potential TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF 9
Slide 10: New Craigmont Project
NEW CRAIGMONT PROJECT • 100% ownership of +10,800 ha property located adjacent to Nicola’s Merritt mill facility • Easily accessible via 14 km of paved roads from Merritt and adjacent to major highways (BC Highway 8 and Coquihalla) • Connected to B.C. Hydro grid power • Located in the Quesnel Tough,
Slide 11: New Craigmont 2025 Exploration Program
NEW CRAIGMONT PROJECT 2025 Exploration Program • MYAB Permit allows Nicola to conduct extensive Five target areas based on analysis of geophysical and geochemical data in 2025 by Goldspot exploration on never-before-drilled targets • Five priority targets identified using AI-tools to analyze Nicola’
Slide 12: Treasure Mountain Silver Project
TREASURE MOUNTAIN SILVER PROJECT 100% owned historic high-grade Ag-Pb-Zn mine with a valid mining permit and significant exploration upside. TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF 12
Slide 13: Treasure Mountain Project
TREASURE MOUNTAIN PROJECT 100% ownership of ~2,200 ha property located 90-minute (by truck) south of Nicola’s Merritt Mill. Excellent regional infrastructure (access through Coquihalla Highway and seasonal roads, ~28 km from grid power). Coquihalla Highway Portal 1 Portal 2 Portal 3 Jensen Portal Po
Slide 14: Treasure Mountain Project
TREASURE MOUNTAIN PROJECT • In the 1930s, 4,000 tons of ore was mined producing ~40K oz Au, 380K lbs Pb and 88K lbs Zn • Huldra Silver discovered a silver-rich vein over a 250 m strike length in 1985 — Between 1987 and 1989, Huldra Silver conducted exploration through four underground levels compris
Slide 15: Treasure Mountain: Substantial Exploration Upside
TREASURE MOUNTAIN PROJECT Substantial Exploration Upside • MB Zone is ~800 m northwest of the current mine workings on undrilled northern flank of the mountain — Cal Vein and return a surface sample grading as high as 9,221 g/t Ag, 1.02% Cu, 1.14% Pb and 1.03% Zn • Encouraging results from 2019/20 s
Slide 16: Dominion Creek Project (Au-Ag)
DOMINION CREEK PROJECT (AU-AG) Hosts high-grade Au-Ag system. 10,000-tonne bulk sample program commencied in July 2025. TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF 16
Slide 17: Dominion Creek Project
DOMINION CREEK PROJECT • 75% economic interest via 50% land interest and a 50% Mining and Milling Profit Share Agreement — Joint venture partner is High Range Exploration Ltd. — Ore from the Dominion Creek Property will be extracted and processed at the Merritt Mill Site • 8 contiguous mineral claim
Slide 18: Capital Markets Summary
CAPITAL MARKETS SUMMARY Capital Structure Share Price (Last 12 Months) Tickers TSXV:NIM, OTCPK:HUSI.F, DB:HLIA $0.60 0.8 Share Price (as of June 19, 2025) C$0.75 Volume Price 0.7 Basic Shares Outstanding 182,160,000 $0.50 0.6 Volume (millions) Options & Warrants1 11,669,477 Share Price (C$) $0.40 RS
Slide 19: Management / Officers
MANAGEMENT / OFFICERS Peter Espig | Chief Executive Officer / Director Mr. Espig assumed the role of President and CEO on November 7, 2013, and guided the Company through its restructuring, which included entering the company into CCAA and successfully seeing its exit on November 21, 2014. He is exp
Slide 20: Directors
Directors Frank Hogel | Chairman / Director Mr. Hogel is an Asset Manager actively involved in the financial evaluation of companies and convertible debenture restructuring. He is on the advisory board of Concept Capital Management and has served as President and Chief Executive Officer of Peter Bec
Slide 21: Corporate & Investor Contact
Corporate & Investor Contact Bill Cawker Email: info@nicolamining.com Phone: 604-649-0080 NICOLAMINING.COM TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF 21
Slide 22: Appendix
APPENDIX TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF 22
Slide 23: New Craigmont Project History
• 1961-1982, 34Mt ore @ 1.28% NEW CRAIGMONT PROJECT Cu both from underground and open pit mining The Craigmont Mine has contributed to British • Cut-off grade: 1.0-0.7% Cu Columbia’s rich mining history for more than 50 years • Body No. 3 remains in-situ • 1993-2014, magnetite produced by re- proces
Slide 24: New Craigmont Regional Geology
NEW CRAIGMONT PROJECT Regional Geology Shares the regional geologic setting with the Highland Valley Copper District, the largest copper producer in Canada. TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF 24
Slide 25: New Craigmont Skarn Grades
NEW CRAIGMONT PROJECT Skarn Grades High-grade copper-skarn mineralization has been found near the historic Craigmont Mine and in the Embayment Zone DRILLING HIGHLIGHTS FROM SKARN MINERALIZATION DDH-THU-002: 85.9m @ 1.11% Cu Sep 7, 2016, news release S-100: 116.7m @ 0.54% Cu (re-sampling) Jan 23, 201
Slide 26: New Craigmont Results from 2024 Exploration Program
NEW CRAIGMONT PROJECT Results from 2024 Exploration Program There is a magnetic trend that includes known mineralization found in the Embayment and Craigmont. During 2024 we commenced exploring the largely unexplored Marb-Cas Zone. Proposed 3D IP Area MAG-MVI 3D Model 26
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