Fathom Nickel, Inc. · CSE:FNI
Fathom Nickel — Investor Presentation (June 2024)
31 slides from Fathom Nickel's investor presentation, June 2024
Slide 1: Fathom Nickel Inc. Corporate Presentation June 2024
Fathom Nickel Inc. Two Emerging Nickel Districts – Saskatchewan Canada Corporate Presentation June 2024 (CSE:FNI FSE:6Q5 OTC:FNICF)
Slide 2: Notice To Reader
Notice To Reader Certain information set forth in this presentation contains “forward-looking information”, including Although forward-looking statements contained in this presentation are based upon what management “future oriented financial information” and “financial outlook”, under applicable se
Slide 3: Class 1 Nickel – Saskatchewan Canada – Aggressive Capital Raise / Exploration
Fathom Nickel Inc. Class 1 Nickel – Saskatchewan Canada – Aggressive Capital Raise / Exploration 2021 Clean Energy Saskatchewan Top- Transition – Future Tier Exploration & IPO Spring of North America Mining Jurisdiction 2021 ▪ $24M raised since going public in Supply of Nickel – 2021 in persistent,
Slide 4: Fathom's Projects Geological Setting – Saskatchewan Canada
Fathom’s Projects Geological Setting – Saskatchewan Canada Located in The Trans-Hudson Orogen – Host to Numerous World-class Mining Camps Athabasca Basin Trans-Hudso (U) n Corridor Albert Lake Lynn Lake (Ni) (Ni) Gochager Lake (Ni) Thompson (Ni) Seabee (Au) Snow Lake (VMS, McIlvenna Bay (VMS, Au) Au
Slide 5: Emerging Nickel Districts – Saskatchewan Canada
Fathom Nickel Inc. Emerging Nickel Districts – Saskatchewan Canada Albert Lake Project (100% Ownership) ▪ 90,000+ hectares Quality ▪ Historic Rottenstone Mine; of 26,000 tonnes: Nickel 3.28% Ni, 1.83% Cu, 9.63 g/t Pd-Pt+Au (3E) (1) Portfolio legacy production 1965-1969 Two highly prospective nickel
Slide 6: Fathom Nickel Inc. – Company Snapshot
Fathom Nickel Inc. – Company Snapshot Attractive valuation relative to peers with significant insider ownership Trading well below true value Cash Balance of $1.1 Million Share Structure and Capitalization (as June 14, 2024) Share Price – 12 months (as of June 14, 2024) Shares % $0.40 Management & I
Slide 7: Fathom Nickel Inc. – Management and Board
Fathom Nickel Inc. – Management and Board Proven track record of successful resource discovery, development and exits Ian Fraser Doug Porter CEO, VP Exploration, President, CFO, Director Director ▪ Co-founder of Fathom Nickel, 35+ Years of mineral ▪ Senior financial and accounting executive explorat
Slide 8: Fathom Nickel Inc. – 2024 Exploration Milestones
Fathom Nickel Inc. – 2024 Exploration Milestones Albert Lake Project Gochager Lake Project Fully permitted through 2026 Fully permitted through 2026 Continuing community consultation, collaboration Continuing community consultation, collaboration Completed February – March 2024 drill program 6 holes
Slide 9: Significant Advancements Since Going Public – May 2021
Significant Advancements Since Going Public – May 2021 May 2021 Additional Financings 2021 Exploration 2022 Sep 2022 Feb-Mar Mar 2023 June-Sep Feb-Apr Exploration 2023 2023 2024 Lists on the October 2021 Drilling confirms Defined 300+ Enter into Completes Strategic acquisition of Completed Completed
Slide 10: Gochager Lake Property
GOCHAGER LAKE PROPERTY “Building Tonnes and Grade at Historic Ni-Cu-Co Gochager Lake Deposit” Fathom Nickel | 10
Slide 11: Gochager Lake Ni-Cu-Co Magmatic Nickel Sulphide Project
Gochager Lake Ni-Cu-Co Magmatic Nickel Sulphide Project Project Gochager Lake Gochager Lake Project Historic drillhole I-12 contained: ▪ 290.4m of 0.58% Ni, 0.11% Cu with 9.7m of 2.4% Ni, 0.35% Cu, 0.14% Co Mal Lake Ni occurrence: ▪ 1.11% Ni, 0.24% Cu / 7.9m (1967) 10km southwest of Gochager Lake de
Slide 12: Gochager Lake Deposit 2024 Drilling
Gochager Lake Deposit 2024 Drilling Project Gochager Lake GL2401 Highlights GL24014 5 GL2401 GL24016 GL2401 8 3 GL2401 Plan View GL2401 7 Mineralized Gabbro – HW Zone GL24017 Mineralized Gabbro – FW Zone 2 GL24018 Prospective Stratigraphy – container rock 6180300E GL24012 GL24016 GL23005 GL24013 0.3
Slide 13: Gochager Lake Deposit 2023-2024 Drilling
Gochager Lake Deposit 2023-2024 Drilling Project Gochager Lake Highlights Drillhole ID From (m) To (m) Length (m)* Ni wt % Cu wt% Co wt % NiEq %** >230 m GL23003 36.20 207.15 170.95 0.63 0.17 0.05 0.79 Including 124.45 182.65 58.20 1.49 0.38 0.11 1.85 Including 128.15 146.25 18.10 2.43 0.51 0.18 2.9
Slide 14: Gochager Lake Deposit 2024 Drilling
Gochager Lake Deposit 2024 Drilling Project Gochager Lake Highlights NW GL24013 GL24012 GL24015 SE GL24013 – Semi-Massive Sulphide Breccia 354.77-358.73m Oblique cross-section looking northeast towards 050 Zone of untested BHEM 300 m conductivity GL24012 – Semi-Massive Sulphide Breccia @ 421.50m; 1.
Slide 15: Gochager Lake Deposit 2024 Drilling
Gochager Lake Deposit 2024 Drilling Project Gochager Lake Highlights NW SE GL24016 GL23005 GL24016 – Blebby Chalcopyrite disseminated granular Pentlandite @ 186.5m; 2.84% Ni, 0.86% Cu, 0.23% Co Oblique cross-section looking northeast towards 050 0.30% Ni / 40.75m w 300 m 0.31% Ni / 183.78m w 1.53% N
Slide 16: Magmatic Nickel Sulphide Textures – Gochager Lake
Magmatic Nickel Sulphide Textures – Gochager Lake Project Gochager Lake Deposit Voisey’s Bay Comparable Container rocks (VTT: variable-textured troctolite) GL23008 – ~255m: Loop textures (Cpy, Pn) in massive sulphide vein (3.25% Ni, 0.26% Cu, 0.11% Co / 0.64m) ▪ The massive sulfide domains in the Ov
Slide 17: Gochager Lake Deposit – Possible Deposit Model
Gochager Lake Deposit – Possible Deposit Model Project Gochager Lake Gochager Lake mineral zone ▪ Historic Gochager Lake deposit hosted in a differentiated gabbroic-melagabbro intrusive – “container rock” ▪ Mineralization occurs as disseminated – interstitial mineralized (pyrrhotite, ±chalcopyrite)
Slide 18: Gochager Preliminary Metallurgy Microprobe Analysis
Gochager Preliminary Metallurgy Microprobe Analysis Project Gochager Lake GL23003 @ 143.35m – granular pentlandite 0.5mm UWO Microprobe Analysis Semi-massive Sulphides GL23003: ▪ 80 points of pentlandite evaluated ▪ Typically, 0.55% Ni in pyrrhotite – very comparable to other Ni camps – good Ni reco
Slide 19: Gochager Lake Property – 2008 VTEM Survey – New Exploration Targets
Project Gochager Lake Gochager Lake Property – 2008 VTEM Survey – New Exploration Targets Gochager Lake Ni Deposit Exploration Targets (VTEM) Interpreted Thrust / Fault Zone ~ Area of June 2024 Drone-MAG Survey y ph ra tig ra st tic ne ag M Gochager Lake Deposit Composite TDR-TMI magnetic image ▪ Mu
Slide 20: Gochager Lake Property – 2008 VTEM Survey – New Exploration Targets
Project Gochager Lake Gochager Lake Property – 2008 VTEM Survey – New Exploration Targets STRUCTURAL SUMMARY Potential controls on mineralization: ▪ Mag / structural interpretation, historic Fathom TDEM Conductors Gochager Lake deposit A’ ▪ SW-NE trend structural intepretation / controls ▪ Discontin
Slide 21: Albert Lake Property
ALBERT LAKE PROPERTY “Exploring in the Shadows of a Historic High-Grade Nickel Mine” Rottenstone Mine 1965-1969; 26,000 tonnes: 3.28% Ni, 1.83% Cu, 9.63 g/t Pd-Pt+Au (3E) (CSE:FNI FSE:6Q5 OTC:FNICF) 18
Slide 22: Albert Lake Ni-Cu+PGE Magmatic Nickel Sulphide Project
Albert Lake Ni-Cu+PGE Magmatic Nickel Sulphide Project Project Albert Lake MET772134: 4.08% Ni, 1.38% Cu, 0.097% Co, 10.50 g/t PGE+Au* ▪ Very good metal recoveries >90% Ni-Cu-Co, >80% 3E (prelim Met Test 2017) ▪ Ni tenor 10.07% Fathom 66 drillholes; 12,099 meters drilled since going public 2021 – 20
Slide 23: Rottenstone, Bay-Island Trend, Tremblay-Olson Mineralized Corridor
Rottenstone, Bay-Island Trend, Tremblay-Olson Mineralized Project Albert Lake Corridor Bay-Island Trend: ▪ 300+m continuous UM-hosted, Rottenstone-like Ni mineralization, open along strike ▪ Bay-Island-Trend Signature defined by: ▪ Week 2008 VTEM response Pyroxenite Island ▪ Strong Ni-Cr-in soil ano
Slide 24: Rottenstone, Bay-Island Trend, Tremblay-Olson Mineralized Corridor
Project Albert Lake Rottenstone, Bay-Island Trend, Tremblay-Olson Mineralized Corridor Bay-Island Trend Rottenstone AL24077 AL24077 (CSE:FNI FSE:6Q5 OTC:FNICF) Fathom Nickel Inc. | 24
Slide 25: Rottenstone – Tremblay-Olson – Nic5, Significance of Ni Tenor
Rottenstone – Tremblay-Olson – Nic5, Significance of Ni Tenor Project Albert Lake Peak Bouger Gravity Ni-Cu-Co-3E Soil W Signal Anomalies E Surface AL24077 @ 24.44m: 0.82% Ni, 0.11% Cu, 0.11 g/t 3E; Ni tenor = 10.21% AL24077 W Iron formatio n Harzburgit • Cartoon section showing one e with net possi
Slide 26: For more information please contact
Fathom Nickel Inc. For more information please contact: Doug Porter Matthew Mickleborough Ian Fraser President, CFO, Director Investor Relations CEO, VP Exploration, Director dporter@fathomnickel.com mmickleborough@fathomnickel.com ifraser@fathomnickel.com CSE:FNI FSE:6Q5 OTC:FNICF (CSE:FNI FSE:6Q5
Slide 27: Appendices
Fathom Nickel Inc. Appendices CSE:FNI FSE:6Q5 OTC:FNICF (CSE:FNI FSE:6Q5 OTC:FNICF)
Slide 28: Albert Lake Ni-Cu+PGE Magmatic Nickel Sulphide Project
Albert Lake Ni-Cu+PGE Magmatic Nickel Sulphide Project Project Albert Lake Albert Lake Project Rottenstone Mine – High-Grade Ni-Cu+3E, Very High Metal Tenor ~6-10% Fathom 66 drillholes; 12,099 meters drilled since going public 2021 – 2024 ▪ Exploration Success: ▪ Historic Rottenstone deposit extensi
Slide 29: Albert Lake Ni-Cu+PGE Magmatic Nickel Sulphide Textures
Albert Lake Ni-Cu+PGE Magmatic Nickel Sulphide Textures Project Albert Lake ▪ MET772134: 4.08% Ni, 1.38% Cu, 0.097% Co, 10.50 g/t PGE+Au* ▪ Very good metal recoveries >90% Ni-Cu-Co, >80% 3E (prelim Met Test 2017) ▪ Ni tenor 10.07% ▪ MASU – 8.3% Ni, 4.67% Cu, 0.19% Co, 9.09 g/t PGE+Au* ▪ AL22040_120.
Slide 30: Nickel is Critical for the Clean Energy Transition
Nickel is Critical for the Clean Energy Transition Nickel plays a crucial role in clean energy technologies with expected demand well outstripping supply Nickel of High Importance to Multiple Green Energy Additional Production of 3,225 kt/y Required to Meet Technologies Demand Relative importance of
Slide 31: Supply Issues Compounded if Constrained to Tier-1 Jurisdictions
Supply Issues Compounded if Constrained to Tier-1 Jurisdictions Urgency required for nickel exploration in tier-1 jurisdictions given its production lead times Only 13.5% of Current Nickel Production in Tier-1 Jurisdictions Immediate Focus on Nickel Discovery is Imperative Given Lead Times (1) Avera