Canada Nickel Company Inc · TSXV:CNC
Canada Nickel — Investor Presentation (March 2021)
27 slides from Canada Nickel's investor presentation, Mar 31, 2021
Slide 1: Introduction to Canada Nickel Company
Introduction to Canada Nickel Company Delivering the Next Generation of Nickel Sulphide Projects TSX-V: CNC March 31, 2021
Slide 2: Forward Looking Statements
Forward Looking Statements This Presentation contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation about Canada Nickel Company Inc. (“CNC”). Forward-looking information includes statements about strategic plans, including futu
Slide 3: Why Invest in Canada Nickel?
Why Invest in Canada Nickel? Canada Nickel (CNC) owns 100% of the Crawford Nickel-Cobalt Sulphide project: A new nickel discovery with large scale potential in an established mining camp adjacent to existing infrastructure north of Timmins, Ontario, Canada. - One of the top 10 nickel sulphide resour
Slide 4: Board and Management Team
Board and Management Team David Smith • Senior VP, Finance and CFO of Agnico Eagle Mark Selby • Previous CEO of Royal Nickel Corporation Director Mines Limited; Chairman, CEO • Corporate development, strategy, business P.Eng., C.Dir. • Chartered Director, Director of Sprott Resource B.Comm. planning
Slide 5: Nickel Demand: A Leader Among Metals
Nickel Demand A Leader Among Metals Nickel demand a leader among metals over the last decade (5%) driven by continued strong growth in stainless steel (5.4%) with little contribution from electric vehicles to date. Base Metals & Other Metals Demand CAGR% (2007 - 2017) 5.4% 5.2% 5.0% 4.2% 3.8% 2.4% 2
Slide 6: Electric Vehicles to Drive Significant Demand Growth – 9.2 Mtpa by 2050
Electric Vehicles to Drive Significant Demand Growth – 9.2 Mtpa by 2050 Glencore presentations highlight massive growth expected in nickel demand. Please note that Tesla 3TW of annual batteries needs 1+ Mtpa alone !! from electric vehicles 6
Slide 7: Nickel Demand: EVs Going to Multiply Demand Requirements
Nickel Demand EVs Going to Multiply Demand Requirements By 2025, EV + trend demand 4% growth (slower than 5% trend) requires nearly 1 Mtpa of new supply. By 2030, 2.5 million tonnes (or double today) is required. Outside of Indonesia, very little visibility on new supply Incremental Nickel Demand (M
Slide 8: Tesla: "Please mine more nickel…"
Tesla: “Please mine more nickel…” “…please mine more nickel... Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way.” – Elon Musk, Co-Founder and CEO, Tesla Earnings Call July 22, 2020 Estimated Carbon Footprint (tonnes
Slide 9: Nickel Supply – Significant Political Risk
Nickel Supply – Significant Political Risk Is there an ONEC in our future ?? Nickel supply facing increasing political risk as Indonesia now dominates nickel supply growth. Just 3 countries are expected to control as much of the nickel supply as OPEC did of global oil supply at its peak in 1973 Nick
Slide 10: Crawford Nickel-Cobalt Sulphide Project
Crawford Nickel-Cobalt Sulphide Project One of largest nickel-cobalt sulphide resources located in a well established mining camp with infrastructure. • World-class jurisdiction in Ontario, Canada • Established Timmins mining camp with 100-year history of mining • Access to all major infrastructure
Slide 11: Part of Relatively Underexplored Property
Part of Relatively Underexplored Property Why Crawford undiscovered until now? • A few drill holes by Inco in 1960s in each large anomaly • Minimal exploration in 1970/1980s • Land owned by forestry company for several decades until acquired by Noble in 2011 • Little outcrop on land package 11
Slide 12: Crawford Mineral Resource
Crawford Mineral Resource Crawford’s resource ranks as one of the 10 largest nickel sulphide resources globally • Higher grade core of M&I Resource of 280 Mt at 0.31% Ni, 0.013% Co, and 0.04 g/t Pd + Pt within an overall M&I resource of 653 Mt at 0.26% Ni and 0.013% Co • Higher grade inferred resour
Slide 13: Higher Grade Core – Crawford Main Zone Clearly Defined in Resource
Higher Grade Core – Crawford Main Zone Clearly Defined in Resource A higher grade core of 201 Mt of 0.34% Ni including 58 Mt at 0.36% was defined within resource. Remains open to the west. The higher grade core has been defined for: • 1.8 km long • 150-220 m wide • Up to 650 m deep • Infill hole CR2
Slide 14: West Zone – Third New Discovery Hole Extends Higher Grade Core
West Zone – Third New Discovery Hole 74 Extends Higher Grade Core Main-Higher Grade Zone and West Zone Holes 69, 70, 72, 74 over top of gravity gradient • Follow up drilling of hole CR20-74 in West Zone substantially extends higher grade mineralization potential by 45% or 850 metres to northwest. •
Slide 15: Fourth New Discovery Reinforces Geophysical Understanding
Fourth New Discovery Reinforces Geophysical Understanding • Initial two drill holes collared 100 m apart intersected mineralized dunite in 1.1 km by 400 m wide geophysical anomaly approximately 2.5 km north of Main Zone. • Hole CR20-84 remained in mineralized dunite across its entire core length of
Slide 16: Excellent Initial Metallurgy Results
Excellent Initial Metallurgy Results Initial metallurgical testing confirmed excellent nickel recovery of 46%, 51% and 52% from the first 3 locked cycle tests using conventional flowsheet similar to other ultramafic deposits 2020 Concentrate Grade (% Ni and % Co) for Global Nickel Sulphide Operation
Slide 17: NetZero Metals: NetZero Carbon Production Potential
NetZero Metals NetZero Carbon Production Potential A number of key technologies are being explored to develop a Zero-Carbon footprint operation Mining • Utilization of electric rope shovels and trolley trucks which utilize electricity, rather than diesel fuel, as a power source wherever possible • D
Slide 18: Ground-breaking MOU Signed with Local First Nations
Ground-breaking MOU Signed with Local First Nations Canada Nickel has entered into Memorandum of Understandings with Taykwa Tagamou Nation and the Matachewan and Mattagami First Nations. “Our community favours a “…happy to be forging a strong and “Mark is genuinely committed to development project l
Slide 19: MOU Signed for Potential Use of Glencore Kidd Concentrator & Met Site
MOU Signed for Potential Use of Glencore Kidd Concentrator & Met Site The opportunity to utilize the excess capacity and existing infrastructure at the Kidd Met Site provides the potential to allow a faster, simpler, smaller scale start-up of Crawford at a vastly lower capital cost while the Company
Slide 20: Crawford is Largest Nickel Sulphide Discovery Since Early 70s
Crawford is Largest Nickel Sulphide Discovery Since Early 1970s ? Crawford Source: Vale presentation at the Metal Bulletin 3rd International Nickel Conference , London, April 29, 2015 20
Slide 21: Significant Exploration Potential: >50% Crawford Remaining + 7 New Targets
Significant Exploration Potential >50% Crawford Remaining + 7 New Targets 7 separate nickel-bearing target structures 30km of total strike length and 150 - 600m wide on option properties • For reference, the Crawford Main Zone resource is 1.7 km long and 225-425 metres wide Historic drilling yielded
Slide 22: MacDiarmid – 15% Larger Anomaly Than Crawford Main Zone
MacDiarmid – 15% Larger Anomaly Than Crawford Main Zone Initial geophysical results and review of historical exploration work has generated a number of excellent targets including MacDiarmid where high quality coincident anomaly is 15% larger than original Crawford Main Zone target Plan view of Craw
Slide 23: Canada Nickel Undervalued Versus its Peers
Canada Nickel Undervalued Versus its Peers 650 600 550 500 477 450 400 Market Cap (C$ M) 350 330 300 246 250 227 200 150 129 100 88 45 49 50 37 38 1,714 - GIGA Metals St George Estrella Garibaldi Azure FPX Nickel Centaurus Canada Legend Talon Metals Chalice Gold Mining Resources Resources Minerals M
Slide 24: New Nickel Sulphide Discoveries Acquired at Significant Valuations
New Nickel Sulphide Discoveries Have Been Acquired at Significant Valuations Multiple Nova Voisey’s Bay Cosmos Mines Bollinger Acquisition C$4.5 B A$3.1 B C$6.8 B A$1.8B Value & Year (1996) (2007) (2007) (2015) Share Price Accumulation 37x 58x 6.5x 15x Reserve (Mt) 0.9 0.09 1.4 0.27 Resource (Mt) 2.
Slide 25: Ownership Structure
Ownership Structure The Company is well-funded to achieve its next milestone, with a $13 million bought deal financing closed on October 14, 2020. Pro Forma Capital Structure Common Shares (M) 79.8 Warrants (M) 3.0 Options / RSUs (M) 6.6 Fully Diluted Shares (M) 89.1 Management and Board members own
Slide 26: Why Invest in Canada Nickel?
Why Invest in Canada Nickel? Canada Nickel (CNC) owns 100% of the Crawford Nickel-Cobalt Sulphide project: A new nickel discovery with large scale potential in an established mining camp adjacent to existing infrastructure north of Timmins, Ontario, Canada. - One of the top 10 nickel sulphide resour
Slide 27: Corporate Office
Corporate Office 130 King St West Suite 1900 Toronto ON M5X 1E3 TSX-V: CNC +1 (647) 256-1954 info@canadanickel.com Twitter: @CanadaNickel 27
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