Nexmetals Mining Corp. · TSXV:NEXM
Nexmetals Mining — Premium Nickel Resources — Investor Presentation (January 2024)
27 slides from Nexmetals Mining's investor presentation, January 2024
Slide 1: Building a Modern Critical Metals Supply Chain
BUILDING A MODERN CRITICAL METALS SUPPLY CHAIN INVESTOR PRESENTATION January 2024 TSX-V: PNRL | OTCQX: PNRLF premiumnickel.com
Slide 2: 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 3: 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 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 speedy path to Premium Nickel Resources Ltd. production (PNRL) has 100% ownership in 2 world ATT
Slide 5: Targeted Development Timeline
TARGETED DEVELOPMENT TIMELINE 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 S
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 SELEBI-PHIKWE CAMP BOTSWANA • Past producing mines with fully operational FRANCISTOWN MINES shafts and underground infrastructure at a historic capacity 1.5Mt/year, accessible by road and serviced by the town of Selebi-Phikwe. SELKIRK Includes excellent infrastructure at the remaining two
Slide 8: Historical Estimates Under SAMREC Code
HISTORICAL ESTIMATES 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 712,344 1.24 1.03 1,138
Slide 9: Capital Structure & Management
BOARD CAPITAL STRUCTURE & MANAGEMENT (As January 1, 2024) ~30% Issued & Outstanding 149,300,920 Options ($0.39 - $2.40) 13,751,421 INSIDERS & ~5% SHAREHOLDERS Warrants ($1.75 - $2.40) 6,891,099 ~4% ~48% ~3% Deferred Share Units 607,463 ~10% OTHER Preferred Shares INSTITUTIONAL The 118,186 outstandin
Slide 10: Nickel, Copper & Cobalt Are Key to a Battery Powered Future
NICKEL, COPPER & COBALT ARE KEY TO A BATTERY POWERED COBALT NICKEL COPPER FUTURE Cobalt often acts as a stabilizer in EV Using nickel batteries offers greater energy EVs can contain more than a mile of copper batteries, improving density and storage at wiring inside the stator to their safety. lower
Slide 11: Mineral Demands Are High for Many Types of Technologies
DEMAND: HIGH MODERATE LOW MINERAL DEMANDS NICKEL COPPER COBALT PGMS ARE HIGH FOR NATIONAL AEROSPACE SECURITY DEFENSE MANY TYPES OF EV MARKET BATTERIES FUEL CELLS DECARBONIZATION POWER PVS TECHNOLOGIES WIND MOTORS INDUSTRIAL ROBOTICS Nickel, Copper and Cobalt play a DRONES key role in a low carbon fu
Slide 12: Global Ni Sulphide Asset Transactions
GLOBAL NI SULPHIDE ASSET TRANSACTIONS TONNAGE EV/RESOURCE ACQUIRER TARGET TRANSACTION EV (US$M) (NiEq. GRADE - %) (US$/T NiEq.) Measured & Indicated1 Measured & Indicated1 2021 ~$800 ~67Mt ~$1,060 (1.1% NiEq.) Did not have infrastructure in place at time of acquisition 2021 ~$515 ~12Mt ~$1,320 (3.3%
Slide 13: 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 14: 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 15: Geological Model
GEOLOGICAL MODEL The results of PNRL’s drilling and borehole electromagnetic program, provide significant Historic Schematic of Structured Interpretation evidence that the Selebi Main and Selebi North deposits are part of one large mineralized system and that mineralization is present in at least th
Slide 16: 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 17: Selkirk: Unlocking the Value
SELKIRK: UNLOCKING THE VALUE • 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 legacy
Slide 18: Metallurgical Testing
METALLURGICAL TESTING RESULTS OF RECENT METALLURGICAL TESTING OF SAMPLES FROM SELEBI AND SELKIRK MINES • Initial metallurgical testwork in 2021 demonstrated commercial nickel • Selkirk Ni-Cu-Co-PGE deposit has encouraging Phase 1 results which and copper concentrates could be produced at feed grades
Slide 19: Hydromet: Processing Plan
HYDROMET: PROCESSING PLAN GRINDING COPPER FLOTATION NICKEL FLOTATION TAILINGS STORAGE FACILITY Significant This early stage, simplified portion of PRESSURE OXIDATION Cu, Pd, Au processing flowsheet envisaged for recovered Selkirk would target production of a by flotation Cu-PGE-Au concentrate, refin
Slide 20: 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 • Treasury, Debt Management, Financial Markets Expert • Co-founder of successful Canadian companies Quantec and QGX • 19 ye
Slide 21: Board of Directors
BOARD OF DIRECTORS JIM GOWANS WILLIAM O’REILLY Director & Independent Chariman • 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 22: Why Premium Nickel
WHY PREMIUM NICKEL MAXIMIZING RESOURCE POTENTIAL 100% OWNERSHIP IN TWO WORLD CLASS NI-CU-CO DEPOSITS Past producing assets are permitted for mining with critical infrastructure in place paving the way for rapid and efficient production and scaling. TOP RATED MINING JURISDICTION, TAPPING INTO THE LUC
Slide 23: Contact Us
CONTACT US JACLYN RUPTASH VP Communications, Government & Investor Relations +1 833-770-4334 info@premiumnickel.com 3400 – One First Canadian Place, PO Box 130 Toronto, ON M5X 1A4 INVESTOR PRESENTATION - TSX-V: PNRL | OTCQX: PNRLF 23
Slide 24: 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 25: Appendix B: Notes on Global Ni Sulphide Asset Transactions
APPENDIX B: NOTES ON GLOBAL NI SULPHIDE ASSET TRANSACTIONS Western Areas – Mineral Reserves and Resource Estimates as of September 30, 2021(1) Flying Fox Area (JORC) Spotted Quoll Area (JORC) Diggers Area (JORC) Tonnage Grade Contained Tonnage Grade Contained Tonnage Grade Contained Ni Ni Ni Ni Ni N
Slide 26: Appendix B (Continued): Notes on Global Ni Sulphide Asset Transactions
APPENDIX B (Continued): NOTES ON GLOBAL NI SULPHIDE ASSET TRANSACTIONS Source: Company filings Note: Mineral reserves and resources presented as reported in company filings. 1. Mineral resources shown inclusive of reserves, unless otherwise noted. INVESTOR PRESENTATION - TSX-V: PNRL | OTCQX: PNRLF 2
Slide 27: Appendix B (Continued): Notes on Global Ni Sulphide Asset Transactions
APPENDIX B (Continued): NOTES ON GLOBAL NI SULPHIDE ASSET TRANSACTIONS LionOre – Mineral Reserves and Resource Estimates as of December 31, 2006(1) – Shown on a 100% Basis Phoenix (85% Ownership) (JORC) Selkirk (85% Ownership) (JORC) Nkomati (50% Ownership) (JORC) Tonnage Grade Contained Tonnage Gra
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