Nican Ltd. · TSXV:NICN
Nican — Investor Presentation (June 2024)
33 slides from Nican's investor presentation, June 2024
Slide 1: High Grade Nickel in Canada
High Grade Nickel in Canada www.nicanltd.com TSXv : NICN / FRA : W8Y www.nicanltd.com JUNE 2024
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) of NiCAN Limited (the “Corporation”) is for information only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or subscribe for any securities in any jurisdiction in which such
Slide 3: Cautionary Statements
Cautionary Statements Forward-looking statements This Presentation contains certain “forward-looking information” under applicable securities laws concerning the business, operations and financial performance and condition of the Corporation. Forward-looking information includes, but is not limited
Slide 4: NiCAN Limited
NiCAN Limited Experienced team exploring a portfolio of highly prospective projects on known Canadian Nickel belts Focused on established mining camps in close proximity to existing Nickel infrastructure Wine Project in Snow Lake Manitoba – Intersecting high Nickel and Copper grades, near surface,
Slide 5: NiCAN's Projects in Manitoba
NiCAN’s Projects in Manitoba Evaluating underexplored assets on known Nickel Belts www.nicanltd.com TSXv - NICN / FRA – W8Y 5
Slide 6: Wine Property – Overview
Wine Property – Overview 5km Rail Deposit Located 50km southwest of Snow Lake near the former producing Indicated Resource Reed Lake and Spruce Point mines and the Rail deposit 1.2Mt @ 2.73%Cu, 0.9%Zn, 0.80 g/t Au, 8.9 g/t Ag Initially explored in the 1950s for copper – zinc deposits * Drillin
Slide 7: Wine Property – Drilling Highlights
Wine Property – Drilling Highlights Focused on expanding High Grade Nickel and Copper intersections at the Wine Occurrence: • NiCAN’s 2024 drilling returned 45.45m of 1.32% Ni, 1.20% Cu, (1.55% NiEq), 0.06% Co, 0.59 g/t PGMs • NiCAN’s 2023 drilling returned: 31.5m of 1.93% Ni, 1.90% Cu (2.32% NiEq),
Slide 8: Wine Property – Regional Geological Setting
Wine Property – Regional Geological Setting • The Wine Nickel-Copper Property lies in a deep-seated suture zone between the Flin Flon and Snow Lake Volcanic Belts. • The geological setting has analogies to the Thompson Belt. • A layered intrusive, including ultramafic rocks, at the south end of the
Slide 9: Wine Property – Geology
Wine Property – Geology Little Swan Lake Pluton • A geological interpretation of aeromagnetic data has indicated that the Little Swan Lake Pluton had a significant influence on the regional folding and Wine compression of the Wine Gabbro Complex and surrounding rocks, which Gabbro Wine Occurrence •
Slide 10: Wine Property – Proximity to Mines and Mineral Deposits
Wine Property – Proximity to Mines and Mineral Deposits Rail Deposit Indicated Resource NiCAN’s Wine Project 1.2Mt @ 2.73%Cu, 0.9%Zn, • The region is well known for its copper- 0.80 g/t Au, 8.9 g/t Ag zinc massive sulphide deposits - several * of which have been mined, and the * Lalor deposit, which
Slide 11: NiCAN's Exploration - Wine Gabbro Project
NiCAN’s Exploration - Wine Gabbro Project Current Objectives at the Wine Gabbro Project • Better understanding the configuration of the mineralization around the Wine Occurrence • Orientation, plunge of the Main Zone, and • Extent of individual near-surface zones (4 Zones identified to date) • Ident
Slide 12: NiCAN's Exploration - Wine Gabbro Project – Mineralized Trends
NiCAN’s Exploration - Wine Gabbro Project – Mineralized Trends Identified to Date • A significant number of VTEM anomalies with subtle coincident magnetic responses identified within the Wine Gabbro. • The Wine Gabbro displays a distinct magnetic signature down to depths exceeding 4.0km - defined by
Slide 13: Wine Occurrence – History
Wine Occurrence – History • 1982 - nickel mineralization initially discovered by HudBay while drill testing an EM geophysical anomaly EEL-302 Historic Wine • 1984 additional drilling including hole EEL-346 Occurrence Drilling • 2007 - a drill hole confirmed the Main Zone RAD-0701 • 2021 - Wine Prope
Slide 14: Wine Occurrence Area Drill Results
Wine Occurrence Area Drill Results Select assays from the Main Zone at the Wine Occurrence (2022-2024) From To Thickness PGM Drill Hole (m) (m) (m) Cu% Ni % NiEq% Co% g/t Wine Occurrence Wine-22-02 45.8 48.6 2.8 0.64 1.87 1.82 0.08 0.56 Plan View Northern Zone Wine-22-05 43.0 69.3 27.3 1.81 2.01 2.3
Slide 15: Wine Occurrence – Main Zone
Wine Occurrence – Main Zone • The Main Zone is interpreted to sub-crop beneath 2- 3m of overburden. It has been traced down plunge for approximately 100m to the southeast and remains open at depth. • The mineralization is massive to net textured and hosted by a distinctly altered, coarse grained fel
Slide 16: Wine Occurrence – Upper, Northern & Eastern Zones
Wine Occurrence – Upper, Northern & Eastern Zones Wine Occurrence – Upper Zone - Summary Assays From To Thickness Drill Hole Cu% Ni% NiEq% (m) (m) (m) Wine 22-6 7.4 17.1 9.8 2.09 1.23 1.79 Upper Wine 23-16 4.2 11.9 7.7 1.69 1.12 1.55 Wine 23-17 4.6 10.4 5.4 0.99 0.81 1.04 Zone Wine 23-29 4.2 14.8 9.
Slide 17: Wine Occurrence – Exploration Targets
Wine Occurrence – Exploration Targets • Drill test Main Zone to the south at depth and determine if it sub-crops using shallow penetrating EM • Determine the surface extent of the Upper Zone using shallow penetrating EM and further drill test down dip and down plunge • Determine the surface extent o
Slide 18: Wine Gabbro Project - Potential Exploration Targets
Wine Gabbro Project - Potential Exploration Targets • Further drill test along the Central Mineralized Horizon • located 600m east of the Wine Occurrence • Past drilling returned anomalous copper- nickel values over more than 900m • Drill untested TDEM conductor just to the west of Central Mineraliz
Slide 19: Property – Summary of NiCAN's Exploration to Date
Wine Property – Summary of NiCAN’s Exploration to Date Phase I Exploration Program 2021/22 • Ground and Borehole TDEM Surveys, VTEM Survey, UAV MAG survey Helicopter Supported • Phase I Diamond Drilling completed 1,692m Diamond Drilling • Confirmed and expanded high-grade Nickel/Copper Mineralizatio
Slide 20: Analogy - Lynn Lake Nickel Deposits
Analogy - Lynn Lake Nickel Deposits • Lynn Lake, 240km north of the Wine Property hosts the Farley Lynn Lake – Historical Production 22.2 Mt @ 1.02% Ni, 0.54% Cu Mine, which mined 22.2Mt grading 1.02% Ni and 0.54% Cu from 1953 to 1976. • Multiple pods of mineralization 500m were mined ranging in siz
Slide 21: Wine Project – Executing on Plan
Wine Project – Executing on Plan Completed Underway Next 6 Months • Acquired and expanded • Incorporate downhole and • Develop follow up land package ground geophysics and exploration and drill • Compiled and corrected surface geochemistry into programs historical database geologic model • Update an
Slide 22: Pipy Properties - Thompson
Pipy Properties - Thompson Pipy Properties underlain by the Pipe Formation, which hosts the Thompson Nickel Mines Total NiCAN land position in Thompson area - approximately 39.1 km² Pipy Property Pipy South located 12km northeast of Thompson. Pipy North located 6km northeast of Pipy South, Pip
Slide 23: Significant Canadian Nickel Mining Centers
Significant Canadian Nickel Mining Centers The Proterozoic aged Circum-Superior Belt contains world-class nickel mining centers. Within each is a cluster of nickel deposits. The deposits are related to intrusion/ extrusion of primitive mantle derived mafic magmas and associated magmatic sulphides. T
Slide 24: Pipy Properties - Location
Pipy Properties - Location Pipy North Pipy Properties in close proximity to Vale’s T1 and T3 Mines and Other Nickel Deposits • In the mid to late 1960s, 71 holes were drilled, just over Moak Lake Deposit 16,000m, in the Mystery Lake North area. Assays were 45Mt @ 0.7% Ni not submitted to the Manitob
Slide 25: Pipy Properties – Aeromagnetic Signature Composite Image
Pipy Properties – Aeromagnetic Signature Composite Image Pipy North Pipy North 2021 UAV mounted Aeromagnetic Survey of the South Pipy Property Pipy South The detailed (50m line spacing) survey clearly defines the Pipe Formation, Pipy South which is known to host nickel Pipy West mineralization in th
Slide 26: Pipy South Project – Geological Interpretation
Pipy South Project – Geological Interpretation • The geology underlying the Pipy Properties is similar to Vale’s T1 and T3 mines, where the mineralization is hosted by the Pipe Formation • Pipy also has a similar pattern of folding and faulting as T1 and T3 • Pipy is on the western side of a regiona
Slide 27: Pipy South Project - Thompson T1 and T3 Deposits Analogy
Pipy South Project - Thompson T1 and T3 Deposits Analogy • Similar stratigraphy and structural setting as seen at Pipy Open File OF2019-2 Field Trip Guidebook: Stratigraphy and ore deposits in the Thompson nickel belt, Manitoba by C.G. Couëslan Manitoba Geological Survey Winnipeg, 2019 www.nicanltd.
Slide 28: Pipy Properties – Plan (pending permitting)
Pipy Properties – Plan (pending permitting) Completed Underway Next 6 Months • Acquired land package adjacent • Commence Phase I Pipy South • Maintain positive engagement to the Thompson Nickel drilling program once permitted with local Indigenous property • Incorporating all historical and stakehol
Slide 29: NiCAN - Capital Ownership
NiCAN - Capital Ownership Backed by Experienced Investors 20% and Institutions Retail Institutional Management Aligned ~20% 54% Insiders 26% Insider Ownership Shares Outstanding 81,398,902 81.4 Million Shares Outstanding Options (@$0.25/sh) 3,000,000 Options (@$0.11/sh) 3,600,000 Broker Warrants (@$
Slide 30: NiCAN Leadership – Board of Directors
NiCAN Leadership – Board of Directors Mike Hoffman, P.Eng., ICD.D | Chairman Mark Cruise| Director Mr. Hoffman is a mining executive with over 40yrs of experience including engineering, Dr. Cruise is a professional geologist and a member of the Institute of Corporate mine operations, corporate devel
Slide 31: NiCAN Leadership – Management and Advisors
NiCAN Leadership – Management and Advisors Brad Humphrey | Chief Executive Officer & Director Bill Nielsen | Senior Geologist & Advisor 30yrs of international mining experience. Prior to joining NiCAN, Mr. Humphrey was Mr. Nielsen is an accredited geologist with over 45 years of worldwide experience
Slide 32: Strategically Located Critical Metals for Electrification and Decarbonization
NiCAN is focused on Strategically Located Critical Metals - positioning for the global transition to electrification and decarbonization Nickel is a key component in Electric Battery Cathode Composition - two common Li-ion Vehicles and Energy Storage battery chemistries Nickel holds an important
Slide 33: Thank You
Thank You A Canadian Nickel Explorer info@nicanltd.com www.nicanltd.com TSXv – NICN / FRA – W8Y