Nexmetals Mining Corp. · TSXV:NEXM
Nexmetals Mining — Premium Nickel Resources — Investor Presentation (August 2024)
33 slides from Nexmetals Mining's investor presentation, August 2024
Slide 1: Building a Modern Polymetallic Critical Metals Supply Chain
BUILDING A MODERN POLYMETALLIC CRITICAL METALS SUPPLY CHAIN INVESTOR PRESENTATION August 2024 Selebi North # 4 Shaft TSX-V: PNRL | premiumnickel.com
Slide 2: 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 3: 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 4: Redeveloping Ni-Cu-Co Critical Metal Camp Scale Deposits in Botswana
REDEVELOPING Ni-Cu-Co CRITICAL METAL CAMP SCALE DEPOSITS IN BOTSWANA • OWNERSHIP IN PAST-PRODUCING MINES WITH SIGNIFICANT INFRASTRUCTURE AND ADVANCED DEVELOPMENT IN PLACE Premium Nickel Resources Ltd. (PNRL) has ownership in 2 world class • PROJECT IS PERMITTED AND ALLOWS FOR A FAST-TRACK Ni-Cu-Co M
Slide 5: Summary of Botswana Mines
SUMMARY OF SELEBI-PHIKWE UNDERGROUND MINING CAMP BOTSWANA • Past producing mines with fully operational shafts and FRANCISTOWN MINES underground infrastructure at a historic capacity 1.5Mt/year, accessible by road and serviced by the town of Selebi SELKIRK Phikwe. • 35+ years in production mining ap
Slide 6: Initial NI 43-101 Mineral Resource Estimate on the Selebi Mine - June 30, 2024
INITIAL NI 43-101 MINERAL RESOURCE ESTIMATE ON THE SELEBI MINE - JUNE 30, 2024 Tonnage Grade Contained Metal Classification Deposit Mt % Cu % Ni kt Cu kt Ni Selebi North 3.0 0.90 0.98 27 29 Indicated Total Indicated 3.0 0.90 0.98 27 29 Selebi Main 18.9 1.69 0.88 319 165 Inferred Selebi North 5.8 0.9
Slide 7: Capital Structure
CAPITAL STRUCTURE (As August 7, 2024) Issued & Outstanding 185,708,588 Options ($0.39 - $2.40) 13,059,821 Warrants ($1.10 - $2.00) 42,822,508 Deferred Share Units 1,393,676 Preferred Shares The 118,186 outstanding preferred shares are 13,131 convertible into common shares at a 9:1 ratio Fully Dilute
Slide 8: Selebi & Selkirk Accelerated Targeted Development Plan
SELEBI & SELKIRK ACCELERATED TARGETED DEVELOPMENT PLAN Selebi North # 4 Shaft H2 2026: June 2024: Completion H2 2024: H1 2025: Complete Selebi North of CDN$27.5 Million Complete Complete PFS at and Selebi Main Shaft Financing (included a NI 43-101 Mineral Selebi Mine upgrades and start full warrant
Slide 9: 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 10: Selebi-Phikwe Mining Camp: Historic Resources & NI 43-101 MRE Tonnage Location
SELEBI-PHIKWE MINING CAMP: HISTORIC RESOURCES & NI 43-101 MRE TONNAGE LOCATION • The results of PNRL’s exploration programs provide significant evidence that the Selebi and Selebi North deposits are part of one large mineralized system demonstrated in green between the historic resources. • The mine
Slide 11: Assay Highlights 2023/2024 Selebi North Underground Drilling
ASSAY HIGHLIGHTS 2023/2024 SELEBI NORTH UNDERGROUND DRILLING MARKET LENGTH ANNOUNCEMENT *NiEq% *CuEq% (metres) DATE 14-Nov-23 9.25 1.67 3.46 27-Nov-23 22.00 1.65 3.41 19-Dec-23 10.45 1.36 2.81 30-Jan-24 30.45 2.66 5.48 9.55 3.60 7.42 13-Feb-24 102.80 2.04 4.21 26-Feb-24 110.75 2.34 4.84 05-Mar-24 18
Slide 12: Selebi Mine Maiden Resource Estimate with Evidence of Expansion Potential
SELEBI MINE MAIDEN RESOURCE ESTIMATE WITH EVIDENCE OF EXPANSION POTENTIAL IN YELLOW INVESTOR PRESENTATION - TSX-V: PNRL 12
Slide 13: Selebi Main Deposit Maiden Resource Estimate
SELEBI MAIN DEPOSIT MAIDEN RESOURCE ESTIMATE • The initial NI 43-101 Mineral Resource Estimate shown in red represents 18.9Mt Inferred of 0.88% Ni, 1.69% Cu. • The historic estimate shown in pink represents 11.4 Mt. • PNRL surface drilling (15,074 m in 12 holes & 2 wedges) and 740 m in extensions of
Slide 14: Selebi North Deposit Maiden Resource Estimate
SELEBI NORTH DEPOSIT MAIDEN RESOURCE ESTIMATE • The initial NI 43-101 Mineral Resource Estimate shown in red represents 3Mt Indicated of 0.98% Ni, 0.90% Cu 5.83Mt Inferred of 1.07% Ni, 0.90% Cu • The historical estimate shown in pink represents 1.85 Mt Measured + Indicated and 2.79Mt Inferred. • PNR
Slide 15: Selebi Deposit Planned UG & Surface Drilling
SELEBI DEPOSIT PLANNED UG & SURFACE DRILLING Selebi North UG Drilling underway with BHEM Initial focus: Advancing Selebi North and Selebi Main through underground and surface drilling • Underground drilling for resource definition and targeting electromagnetic (EM) plates with compelling geological
Slide 16: Selkirk
SELKIRK • The Selkirk mining license covers approximately 14.6 square kilometres and the four prospecting licenses cover 126.7 square kilometres • Initial production at the Selkirk Mine took place in 1989 by TNMC high grading Ni-Cu massive sulphides to produce 1 million tonnes at 2.6% Ni and 1.5% Cu
Slide 17: Historical Work & Plan Forward
HISTORICAL WORK & PLAN FORWARD GEOLOGY MODEL: SURFACE DRILLING LOCATION OF HOLES USED IN 2012 GEO-METALLURGICAL STUDY WITH PROPOSED PIT OUTLINE • Historical drilling on 60 metre centers • 71,775.35 metres in 273 surface holes have been drilled to evaluate Selkirk and its down-plunge potential • 2016
Slide 18: Global Ni Sulphide Assets
GLOBAL NI SULPHIDE ASSETS ACQUISITION PERMITTING IN INFRASTRUCTURE IN ASSET COMPANY TONNAGE GRADE NOTE COST PLACE PLACE SELEBI NORTH 3Mt Indicated 0.98% Ni 0.90% Cu Acquired by PNRL January 2022. Initial MRE at Selebi Main and Selebi North in SELEBI MAIN & accordance with NI 43-101 by PNRL 24.7Mt In
Slide 19: Global Ni Sulphide Asset Transactions
GLOBAL NI SULPHIDE ASSET TRANSACTIONS These transactions and the related assets are being identified for illustrative purposes only and, for the avoidance of doubt, the Company does not own, or have any interest in, these assets TONNAGE EV/RESOURCE ACQUIRER TARGET TRANSACTION EV (US$M) (NiEq. GRADE
Slide 20: Redevelopment Through Modernization
REDEVELOPMENT THROUGH MODERNIZATION • A 210t Bulk Sampling Program is currently underway at Selebi North and Selebi Main for bench scale metallurgical testing and recovery estimates to be completed to a pre-feasibility standard. • Subset of bulk samples extracted and will be sent to Canada for flows
Slide 21: Targeting a Net Zero Supply Chain Ecosystem
TARGETING A NET ZERO SUPPLY CHAIN POWER SOLUTIONS WITH LOCAL/INTERNATIONAL PREMIUM NICKEL ECOSYSTEM PARTNERSHIPS RESOURCES BOTSWANA ALTERNATIVE ENERGY: • Solar / Hydrogen • Water Purification • Electric powered mining Fleet RENEWABLE SOLAR ENERGY SELEBI / SELKIRK MINES WATER TREATMENT 200MW – 400MW
Slide 22: 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 23: Why Premium Nickel
WHY PREMIUM NICKEL CHECKS ALL THE RIGHT BOXES MULTI DEPOSIT: PERMITTED, WORLD CLASS SELEBI-PHIKWE & SELKIRK MINES POLYMETALLIC RESOURCES: Ni, Cu, Co, Pt, Pd, Au NEAR TERM PRODUCTION: TARGETING PRODUCTION FOR H2 2027 KEY INFRASTRUCTURE: TWO EXISTING SHAFTS, POWER, WATER, RAIL AND ROAD IN PLAC
Slide 24: Contact Us
CONTACT US JACLYN RUPTASH VP Communications, Government & Investor Relations +1 833-770-4334 Jaclyn@premiumnickel.com 3400 – One First Canadian Place, PO Box 130 Toronto, ON M5X 1A4 INVESTOR PRESENTATION - TSX-V: PNRL 24
Slide 25: Appendices
APPENDICES INVESTOR PRESENTATION - TSX-V: PNRL 25
Slide 26: Experienced, Discovery Focused Leadership
EXPERIENCED, DISCOVERY FOCUSED LEADERSHIP KEITH MORRISON, P. Geo. PETER RAWLINS Chief Executive Officer & Director Senior Vice President & Chief Financial Officer • 40+ years global resource sector experience • Over 20 years in Capital Markets and Treasury within the Metals and Mining sector. • Co-f
Slide 27: Experienced, Discovery Focused Leadership
EXPERIENCED, DISCOVERY FOCUSED LEADERSHIP JIM GOWANS JOHN HICK Director & Independent Chairman Lead Director • 30+ years as a senior executive in the mining industry • 40+ years of mining industry experience in senior management and independent • Notable roles at Debswana Diamond Company in Botswana
Slide 28: Historical Resource Estimates Selebi-Phikwe Mine (as at 2016) under SAMREC Code
HISTORICAL RESOURCE ESTIMATES SELEBI-PHIKWE MINE (AS AT 2016) UNDER SAMREC CODE The historical 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
Slide 29: NI 43-101 Mineral Resource Estimate on the Selebi Mine - NSR & Cut-off Value
NI 43-101 MINERAL RESOURCE ESTIMATE ON THE SELEBI MINE - NSR & MINERAL RESOURCES CUT-OFF VALUE NSR values have been estimated for an operating scenario that includes production of a bulk nickel-copper sulphide concentrate for both the Selebi Main and Selebi North deposits. Metal prices are based on
Slide 30: Notes on Selkirk Mine: Historical Resource Estimates
NOTES ON SELKIRK MINE: HISTORICAL RESOURCE ESTIMATES In order to report these historical mineral resource estimates in accordance with NI 43-101, Sharon Taylor, VP Exploration of the Company, who is a "qualified person" for the purposes of NI 43-101, has indicated that it would be necessary to verif
Slide 31: Notes on Global Ni Sulphide Asset Transactions
NOTES ON GLOBAL NI SULPHIDE ASSET TRANSACTIONS The following assets were held by Western Areas Ltd at the time of its acquisition by IGO Ltd in 2021 (figures as of September 30, 2021)(1)(2)(3): Flying Fox Area (JORC) Spotted Quoll Area (JORC) Diggers Area (JORC) Tonnage Grade Contained Tonnage Grade
Slide 32: Notes on Global Ni Sulphide Asset Transactions
NOTES ON GLOBAL NI SULPHIDE ASSET TRANSACTIONS The following assets were held by Noront Resources Ltd. at the time of its acquisition by Wyloo Metals in 2021 (1)(2)(3): The following asset was held by Sirius Resources at the time of its acquisition by Independence Group LP (IGO) in 2015 (1)(2)(3): S
Slide 33: Notes on Global Ni Sulphide Asset Transactions
NOTES ON GLOBAL NI SULPHIDE ASSET TRANSACTIONS The following assets were held by LionOre Mining International Ltd. at the time of its acquisition by Norilsk Nickel in 2007 (shown on a 100% basis) (figures as of December 31, 2006 and Shown on a 100% basis)(1)(2)(3): Phoenix (85% Ownership) (JORC) Sel
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