Nexmetals Mining Corp. · TSXV:NEXM
Nexmetals Mining — Premium Nickel Resources — Investor Presentation (March 2023)
34 slides from Nexmetals Mining's investor presentation, March 2023
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 March 2023
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 historical mineral resources prepared in accordance with South African Mineral Resource Committee (SAMREC) and Australasian Joint Ore Reserves Committee (JORC) standards. While management believes
Slide 4: Company Overview
COMPANY OVERVIEW Advancing highly prospective camp scale nickel-copper-cobalt projects Botswana – Greenland – Morocco – Canada CAPITAL STRUCTURE (As February 24, 2023) PREMIUM NICKEL RESOURCES LTD. Issued & Outstanding: 120,958,527 PNRL’s project development team includes industry leading geoscienti
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 2.3M Stable political, fiscal, and macroeconomic environment Mining sector dominates the economy and is correlated with globa
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, PNRC was selected as March 24, 2021, PNRL December 2019, PNRL began initial due diligence on the former producing BCL Mines in the preferred bidder and began a 6-month exclusivity August 3, 2022, PNRL emerges Selebi-Phikwe, and the Phoenix/Selki
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 Opened in 1990 Commissioned in 1980 Depth 745 metres - development depth Depth 367 metres - development depth 970 metres 1140 metres Capable of producing up to 600,000 t/year Capable of producing up to 900,000
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
SELEBI MINE: BHEM AND DRILLING INDICATE CONDUCTIVE Ni-Cu-Co MINERALIZATION DOWN-DIP, DOWN PLUNGE AND BELOW THE LEGACY SAMREC RESOURCES January 2022 December 2022 December 2022 Drill Program sd140 sd140 sd140 sd119 sd119 sd119 Nickel, copper and cobalt are key to a low carbon future | TSX-V: PNRL 13
Slide 14: Selebi Mine: Work Plan Progress and Metallurgy
SELEBI MINE: WORK PLAN PROGRESS AND METALLURGY 2021-2023 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 Nor
Slide 15: Selebi & Selebi North Historical Estimates and EM Plates
SELEBI & SELEBI NORTH HISTORICAL ESTIMATES AND EM PLATES Schematic Cross Section adapted from Gallon, 1986 commissioned 1990 Selebi Mining Lease boundary (approx.) commissioned 1980 13.9 Mt 0.74% Ni, 0.66% Cu 26.6 Mt 1990-2016 0.58% Ni, 1.03% Cu 1980-2016 Botswana\News Releases\20221213 3 kilometres
Slide 16: Selebi Surface and Underground Resource Drilling
SELEBI SURFACE AND UNDERGROUND RESOURCE DRILLING The PNRL target is to be drilled off at 200m centers Historic surface drilling Planned surface drilling Underground workings Historical Estimate (pink) Underground drilling Interpretation of additional structurally controlled mineralization (yellow)
Slide 17: Selebi North Planned U/G Drilling
SELEBI NORTH PLANNED U/G DRILLING 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, PNRL completes asset purchase agreement 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 legacy Sel
Slide 19: Selkirk Mine Metallurgy: A Diverse Polymetallic System of Ni-Cu-Co-PGEs
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! At PNRL our principles drive our business. 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.
Slide 30: 2022 ESG Features & Highlights
2022 ESG FEATURES & HIGHLIGHTS Partnerships We partnered with African Union (AU) and Over 28 institutional stakeholders to deliver the groundbreaking Socioeconomic empowerment programs to our host communities. Participation We participated in 6 multi stakeholder forums in Malawi, Zimbabwe, South Afr
Slide 31: 2023 Outlook on Social Engagement Initiatives
2023 OUTLOOK ON SOCIAL ENGAGEMENT INTIATIVES DIGITAL LITERACY PROGRAMME, February 2023 2ND ANNUAL TSHOLOFELO CARNIVAL Launch of E-Libraries across our host communities September 2023 • Support digital literacy and skills In 2022, we hosted the inaugural Tsholofelo Carnival with an aim to build capac
Slide 32: 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 33: 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 34: 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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