Spc Nickel Corp. · TSXV:SPC
Spc Nickel — Investor Presentation (July 2024)
31 slides from Spc Nickel's investor presentation, July 2024
Slide 1: Advancing the Lockerby East Property
Advancing the Lockerby East Property TSX-V:SPC Corporate Presentation | Q2 2024
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This Presentation contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation about SPC Nickel Corp. (“SPC Nickel”, “SPC”). Forward-looking information includes statements about strategic plans,
Slide 3: Investment Highlights: Path to Success
Investment Highlights Path to Success Focused on the Exploration and Development of its high-quality North American based Ni-Cu-PGM Opportunity assets; from past producers with resources to district scale greenfield opportunities Near Term Cash Maiden Mineral Resource Estimate at West Graham of ~283
Slide 4: District-Scale Portfolio in Prolific Regions
The Big Picture District-Scale Portfolio in Prolific Regions Muskox Ni-Cu-PGM LOCKERBY EAST PROPERTY, Sudbury, ON, Canada Property ▪ West Graham Deposit: large tonnage open-pit in Sudbury Basin ▪ Indicated Open-pit resources of 19.3 Mt at 0.42% Ni, 0.28% Cu ▪ Inferred Open-pit resource of 3.3 Mt at
Slide 5: Production & Growth Potential in a Tier 1 Camp
Lockerby East Property ▪ Potential for low-cost, low- CapEx, low operating costs Production & Growth Potential in a Tier 1 Camp ▪ Shortened path to production and free cash flow ▪ No significant infrastructure required Maiden Mineral Low Cost Open-Pit Attractive Starter Pit Resource Production ▪ 19.
Slide 6: Accelerated Path to Cash Flow
Sudbury’s Next Mine? Accelerated Path to Cash Flow ASSET CONSOLIDATION RESOURCE DEFINTION CASH GENERATIVE ASSET JANUARY 2023: Agreement with Vale OCTOBER 2023: Resource definition drill JANUARY 2024: Maiden Mineral Canada signed program completed successfully Resource Estimate confirmed Consolidatio
Slide 7: 130 Years of Continuous Production
Sudbury Mining District 130 Years of Continuous Production Unique Geological History: Sudbury represents the eroded remains of a 1.85- billion-year-old impact crater. History of Mining: Since late 1880’s, 77 mines have produced over 1.8 billion tons of ore worth an estimated $330 billion using curre
Slide 8: Growth Opportunity in a Mature Camp
Lockerby East Property Growth Opportunity in a Mature Camp ▪ Comprised of large West Graham Deposit and the past producing LKE Deposit ▪ Adjacent to past producing Lockerby Mine (Falconbridge/First Nickel), and Ellen Pit (Inco) ▪ Magna Mining currently advancing Crean Hill Mine along same trend ▪ Cl
Slide 9: A Tale of Two Deposits
Lockerby East Property A Tale of Two Deposits ▪ Property hosts both the West Graham and LKE deposits West Graham Deposit ▪ Characterized by a broad zone of high-tenor blebby Ni-Cu sulphides (0.3-0.7% NiEq) with LKE Deposit a well-developed higher-grade core (>0.7% NiEq) ▪ Localized pods of high-grad
Slide 10: 2023 Drill Program
West Graham Project 2023 Drill Program The West Graham drill program achieved all its goals ▪ Confirmed extension of the historical West Graham mineral resource across the adjacent Crean Hill 3 Property ▪ Discovered zones of higher-grade mineralization, ▪ Connected the known surface mineralization w
Slide 11: Maiden Mineral Resource Estimate
West Graham Project Maiden Mineral Resource Estimate ▪ Completed by SGS Geological Services ▪ Based on SPC’s 2022 and 2023 drilling as well as historical drilling completed by Falconbridge, First Nickel and Inco ▪ West Graham MRE includes an ‘in-pit’ and ‘out-of- pit’ resource ▪ In-pit Resource base
Slide 12: Large Open-pit Resource
West Graham Resource Large Open-pit Resource In-Pit ▪ Mineralization extends from surface down to 900m vertical. Resource ▪ Large ‘In-Pit’ and ‘Out-of-Pit’ Resource. ▪ Potential for a higher-grade starter pit (above 200m) with a low strip ratio. ▪ Potential to expand the ‘higher-grade’ (>0.7% NiEq)
Slide 13: Section 476350m E
West Graham Project Section 476350m E ▪ Continuous sheet of Ni-Cu mineralization extending from surface down to a depth of 435m ▪ Zone averages 35m thick: Equivalent to a 10-story building ▪ Locally high-grade (>0.7% NiEq) sections up to 60m thick ▪ Zones of semi- to massive sulphide mineralization.
Slide 14: Section 476300m E
West Graham Project Section 476300m E ▪ Continuous sheet of Ni-Cu mineralization extending from surface down to a depth of 435m ▪ Zone averages 35m thick: Equivalent to a 10-story building. ▪ Locally high-grade (>0.7% NiEq) sections up to 60m thick ▪ Zones of semi- to massive sulphide mineralization
Slide 15: Section 476250m E
West Graham Project Section 476250m E ▪ Continuous sheet of Ni-Cu mineralization extending from surface down to a depth of 435m ▪ Zone averages 35m thick: Equivalent to a 10-story building ▪ Locally high-grade (>0.7% NiEq) sections up to 60m thick ▪ Zones of semi- to massive sulphide mineralization
Slide 16: Large Mineralized System
West Graham to LKE Deposit Large Mineralized System In-Pit Resource General ▪ Mineralized system extending over a distance of 1,350m ▪ Grade, Ni tenor and PGM content increases with depth ▪ Transition to more massive sulphide dominated mineralization with depth ▪ Higher-grade zones related to the sh
Slide 17: Blue Sky Exploration Potential
LKE Deposit Blue Sky Exploration Potential ▪ LKE Deposit remains open at depth ▪ 1,000m trend of high conductivity EM conductors down-dip of LKE Deposit ▪ Minimal previous drilling by Falconbridge in 1980s ▪ Historical holes peripheral to the high-conductivity EM target encountered narrow zones of h
Slide 18: In the Shadow of a Headframe
Lockerby East Property West Graham – Ellen – Lockerby In the Shadow of a Headframe LKE System System ▪ Higher grade mineralization is concentrated in flexures (folds) of the SIC contact Ellen Pit West ▪ The West Graham-LKE System has similar Graham depth extents and morphology as the large, well min
Slide 19: 2024 Work Plan
West Graham Deposit 2024 Work Plan ▪ Continue to advance project towards earn-in Drill Program (~5,000m) ▪ Infill drilling around higher-grade intercepts improve overall grade of resource ▪ Prioritize area within the proposed starter pit ▪ Convert Inferred resource to Indicated ▪ Test high-priority
Slide 20: Exploration Potential
West Graham Resource Exploration Potential In-Pit ▪ Untested EM conductor measuring 150m by 150m (1,000S) Resource ▪ Target has been tested with one historic hole that returned 10.4m @ 1.73% NiEq including 1.1m @ 4.36% NiEq 10.4m @ 1.73NiEq Out-of-Pit Resource 150 x 150m EM Target Notes: SPC Nickel
Slide 21: Resource Highlights
Resource Highlights Maiden Mineral Resource Estimate 300M 73% of Resource 3.3 Mt AT is Indicated 0.53% NiEq Indicated Inferred Significant 19.3 Mt Resource 200M AT Expansion Upside 0.57% NiEq NiEq pounds High-grade Starter Pit (4-10Mt) 3.9 Mt AT 60% of Resource 100M 0.97% NiEq Amenable to Open-pit M
Slide 22: Strategy and Advantages
Lockerby East Property Strategy and Advantages Robust West Graham MRE LKE Exploration Potential 283.1 Mlbs NiEq ‘In-Pit’ Blue sky potential for high-grade Ni- 150.8 Mlbs NiEq “Out-of-Pit’ Advancing the Cu mineralization Potential for growth expansion Several untested EM conductors West Graham Ni-PGM
Slide 23: District Scale Ni-Cu-PGM Opportunity
Muskox Property District Scale Ni-Cu-PGM Opportunity Background ▪ SPC controls over 650 km2 of ground in Nunavut ▪ Approximately 125 km long, and ranges from 200-600m wide in the feeder dyke to 11 km wide in the main body of the intrusion ▪ Discovered by Inco in the 1950’s ▪ Similar geological envir
Slide 24: An Undervalued Premium Asset
Lockerby East Property An Undervalued Premium Asset EV ($M) NiEq (tonnes) EV/NiEq ($/t) Magna Mining 54.7 Magna Mining 644,141 Power Nickel 928 Power Nickel 34.3 Flying Nickel 471,972 Tartisan Nickel 277 Tartisan Nickel 18.3 SPC Nickel 209,165 Class 1 Nickel 235 Grid Metals 11.1 Grid Metals 183,806
Slide 25: Capital Structure
Committed Partners Capital Structure 8.9% SHARE STRUCTURE Retail 61.2% 8.4% Outstanding 152,569,626 6.3% Options1 10,340,000 5.3% Warrants2 1,039,180 4.3% Fully Diluted 163,948,806 Local Sudbury 3.2% Mining Contractor Cash $1.2M Insiders 2.3% Share Price (Feb 2024) $0.05 JUNE 2023 FINANCING Market C
Slide 26: Technical Team, Decades of Leadership
Management & Directors Technical Team, Decades of Leadership Professional geologist with 25+ years of experience in the mining industry. In-depth knowledge of magmatic nickel Grant Mourre – President, CEO & Director deposits, particularly in the Sudbury Basin. Co-recipient of the Bernie Schneiders D
Slide 27: Thank You
Thank You Grant Mourre, President & CEO For more information contact me at: gmourre@spcnickel.com +1-705-929-8694 (Canada) Corporate Presentation | Q1 2024 TSX-V: SPC
Slide 28: Vale Agreement Terms
Crean Hill 3 Vale Agreement Terms ▪ Cooperation Agreement between SPC Nickel Corp. and Vale Canada Limited signed January 30th, 2023 ▪ Non-dilutive acquisition for the company, no cash or equity on signing ▪ 2/3 of the West Graham Resource is hosted on the Crean Hill 3 Property To earn an 100% Inter
Slide 29: Maiden Mineral Resource Estimate
Compelling Value Based on Resource Maiden Mineral Resource Estimate MINERAL RESOURCE ESTIMATE (MRE), DECEMBER 2023 Nickel Copper Cobalt Platinum Palladium Gold NiEq Category Tonnes Grade lbs Grade lbs Grade lbs Grade ozs Grade ozs Grade ozs Grade lbs (%) (millions) (%) (millions) (%) (millions) (g/t
Slide 30: Mineral Resource Estimate Notes
Compelling Value Based on Resource Mineral Resource Estimate Notes: Mineral Resource Estimate Notes: (1) The Mineral Resource Estimate was estimated by Allan Armitage, Ph.D., P. Geo. of SGS Geological Services and is an independent Qualified Person as defined by NI 43-101. Dr Armitage conducted a si
Slide 31: Mineral Resource Estimate Notes: Continued
Compelling Value Based on Resource Mineral Resource Estimate Notes: Continued Mineral Resource Estimate Notes: continued 11) The West Graham Deposit mineralization is considered amenable to open-pit and underground extraction and the LKE Deposit is amenable to underground extraction. 12) It is envis