Giga Metals Corporation · TSXV:GIGA
Giga Metals — Investor Presentation (July 2021)
21 slides from Giga Metals's investor presentation, July 2021
Slide 1: Battery Metals for a Clean Energy Future
Battery Metals for a Clean Energy Future TSX.V: GIGA | OTCQB: HNCKF | FSE: BRR2 JULY 2021| gigametals.com 0
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) is being issued by Giga Metals Corporation (the “Company” or “Giga Metals”) for information purposes only. Reliance on this Presentation for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all o
Slide 3: About Giga Metals
About Giga Metals Giga Metals is a TSX.V-listed junior mining company World is in critical need of nickel to meet global battery demand Objective: build a 37,000 t/y year nickel operation Owns 100% of the Turnagain nickel and cobalt deposit Seeking strategic partners to advance the project Updated P
Slide 4: Located in an Attractive Mining Jurisdiction
Located in an Attractive Mining Jurisdiction LEGEND LOCATION ADVANTAGES Silvertip Past Producing Mine Operating Mine Deepwater Port • Strong ESG practices Turnagain Railway Highway • Access to a deep-water Pacific port and Red Chris Brucejack North American rail Kemess Mt Milligan Huckleberry Endako
Slide 5: Project Highlights
Project Highlights RESOURCE PROCESSING POTENTIAL TIMELINE MEASURED & INDICATED HIGH-GRADE CONCENTRATE PEA 2.36 Mt Ni (5B lb.), 141 kt Co Traditional processing or direct 2021 PFS GRADE leaching 2022 0.22% Ni, 0.013% Co FS, EA 2024 SIMPLE FLOWSHEET Startup INFERRED Crush – grind – froth flotation 202
Slide 6: 18% Ni Concentrate Product
18% Ni Concentrate Product Average of 5 Locked- • Multiple testwork campaigns: 15 to 21% Ni.1 Cycle Tests1 • Low impurities such as arsenic, mercury, cadmium Ni 19.7% • Suitable for PEA Base Case – smelting Co 1.2% • Suitable for direct pressure oxidation to produce Cu 0.46% refined nickel end produ
Slide 7: Mixed Hydroxide Precipitate (MHP)
Mixed Hydroxide Precipitate (MHP) MHP Grades for Commercial Product and Turnagain Results • Testwork on concentrates from 4 to 10% Ni, Ni+Co % Mg % Mn % Cu+Fe % inferior to current concentrate HPAL Commercial Product 40-43 1.8 – 2.8 2.8 – 6.1 0.1 – 0.2 (3 Projects) • Testwork proved amenability from
Slide 8: Safe, Modern Tailings Management
Safe, Modern Tailings Management Efficient valley location minimizes dam construction Dam construction by centerline method, constructed from inert quarried rock or mined waste hard rock Tailings to be sub-aerial (dry beach), allowing mineral carbonation Low seismic risk Relatively low precipitation
Slide 9: Nickel Prices are Historically Volatile
Nickel Prices are Historically Volatile Price history is not an indicator of future prices. Inflated prices may not reflect underlying market fundamentals. Current dollars inflated to 2020 using compounded inflation. 8
Slide 10: Li-ion Batteries - the Fastest Growing Source of Demand for Nickel
Li-ion Batteries - the Fastest Growing Source of Demand for Nickel Lithium-ion batteries alone could require 1.5 to 2.5 Mt/y1 of new battery-grade nickel by 2040. That’s equivalent to 40-70 new large mines by 2040. 1. Turnagain PEA (effective date Oct 28, 2020) ; Roskill (Study on future demand 9 an
Slide 11: Nickel Price Sensitivity Analysis
Nickel Price Sensitivity Analysis • PEA Base Case nickel price of $7.50/pound • Post-tax NPV of -$443M • Skewed nickel price distributions result in larger upside benefit than downside risk • 10th, 25th, 50th, 75th, 90th percentile pricing reflected Derived from internal analysis using Turnagain PEA
Slide 12: Cumulative Cash Flow Comparison with HPAL
Cumulative Cash Flow Comparison with HPAL PEA Base Case nickel price of $7.50/pound: Turnagain project has a pre-tax IRR of 6.3% and an after-tax IRR of 4.9%. The cash-flow is presented on a pre-tax basis. Turnagain data is derived from the Turnagain PEA (effective date Oct 28, 2020) which includes
Slide 13: Comparison with Laterite Projects
Comparison with Laterite Projects TURNAGAIN PROSPECTIVE LATERITE • Open pit mine in hard rock • Strip mining soft deposits • Deep deposit minimizes mine deforestation • Thin deposits increase mine deforestation • Low erosion potential, pit water used/treated • High erosion potential, river/ocean con
Slide 14: Carbon Intensity of Nickel Processing
Carbon Intensity of Nickel Processing • For metals or battery chemicals, sulphide projects have lower carbon intensities • Upgrading of ores to concentrates • Sulphur is a fuel for smelting • HPAL variable depending on power and acid sources • Conversion of ferronickel or NPI to matte is very high c
Slide 15: Carbon Neutrality at Turnagain
Carbon Neutrality at Turnagain Annual Average GHG Emissions • Tailings at Turnagain will sequester CO2 2.50 (t CO2e/t Ni) 2.24 • Reaction with Turnagain minerals creates 2.00 carbonates, locking away CO2 for millennia 1.50 • Testing by Dr. Greg Dipple (University of British Columbia) demonstrated st
Slide 16: Emission Intensity of Probable Nickel Projects
Emission Intensity of Probable Nickel Projects Expected CO2 Intensity of Turnagain before sequestration1 1. Turnagain CO2 intensity is for nickel contained in concentrate and not to final refined product, excluding sequestration 15
Slide 17: Turnagain Drill Program Highlights
Turnagain Drill Program Highlights RESOURCE DRILLING GEOTECHNICAL DRILLING 6,900 meters 2,300 meters à To upgrade resource classifications à With hydrogeological installs for pit wall design 800 meters SEISMIC REFRACTION SURVEYING à With hydrogeological installs for tailings storage facility design
Slide 18: Why Invest in Giga Metals?
Why Invest in Giga Metals? 40-70 new Turnagain-scale projects needed in next 20 years Ethical nickel for batteries will be Large deposit: avg. of 33,000 t/y Ni in short supply. Where will nickel for 37 years supply for North American & European EVs come from? High-grade concentrate for standard proc
Slide 19: Board of Directors
Board of Directors Anthony Milewski, Chairman of the Board Martin Vydra, P.Eng., President & Director Mr. Milewski is the Chairman of Nickel 28. He spent his career in various aspects Mr. Vydra is a former executive with Sherritt International. Martin is widely recognized as an expert in nickel and
Slide 20: Share Structure
Share Structure Stock Exchanges TSX Venture GIGA OTC Markets HNCKF Frankfurt BRR2 Share Capital (April 27,2021) Shares Outstanding 85,028,428 Warrants 15,571,982 Options 7,000,000 Fully-diluted 107,600,410 Turnagain Camp Market Capitalization Share Price (July 2, 2021) C$0.37 Market Capitalization C
Slide 21: Contact Us
Contact Us Suite 203 – 700 West Pender Street Vancouver, British Columbia Canada, V6C 1G8 Phone: +1 (604) 681-2300 Email: info@gigametals.com www.gigametals.com 20