Slide 1: Nickel Mountain – Heart of the Eskay Camp
August 17, 2018 GGI: TSX.V Nickel Mountain – Heart of the Eskay Camp A Magmatic Ni-Cu-Co-Ag-Pt-Pd-Au Sulfide Discovery in the Heart of the Eskay Rift Peter C. Lightfoot, PhD, P.Geo. Technical Advisor, Garibaldi Resources Corp. www.garibaldiresources.com www.lightf ootgeoscience.ca
Slide 2: Disclosure Statement
Disclosure Statement THIS DOCUMENT CONTAINS FORWARD-LOOKING INFORMATION, INCLUDING STATEMENTS RELATING TO THE “EXPECTATIONS”, “INTENTIONS” OR “PLANS” OF THE COMPANY. SUCH INFORMATION INVOLVES KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS - INCLUDING AVAILABILITY OF FUNDS, THE RESULTS OF F
Slide 3: Global Nickel Production
Global Nickel Production Based on: Lightfoot, P.C. (2017). Nickel Sulfide Ore Deposits and Impact Melts: Origin of the Sudbury Igneous Complex. 2013-2017 NiProduction Elsevier. 662 pages. By Source Penchenga Noril’sk Thompson Raglan Voisey’s Bay E&L Discovery Sudbury Jinchuan Laterite NPI (BF, EAF,
Slide 4: Global Nickel Sulfide Deposits
Global Nickel Sulfide Deposits 20,000 Based on: Lightfoot, P.C. (2017). Nickel Sulfide OreDeposits and Impact Melts: Origin of the Sudbury Igneous Complex. Elsevier. 662 pages. Reserves and resources at >=0.75% Ni 15,000 Ktonnes Ni in production plus Estimated production reserves and resources 10,00
Slide 5: Nickel Sulfide Ore Deposits of the Sudbury Camp
Nickel Sulfide Ore Deposits of the Sudbury Camp From Lightfoot (2017) Contained nickel Whistle 45°45’ Wisner 1000kt 500kt 100kt 200kt Coleman Victor Levack Nickel Rim South Falconbridge Garson Frood 45°30’ Stobie Trillabelle Copper Cliff Creighton 0 5 10 Sublayer km Totten Offsets 81°30’ 81°15’ 80°4
Slide 6: Global Nickel Context: Sulfides And Laterites – Cumulative Grade Distribution
Global Nickel Context: Sulfides And Laterites – Cumulative Grade Distribution From Lightfoot (2017) 100,000,000 Tonnes contained Ni in ore (cumulative)* Laterite (Philippines) Laterite (New Caledonia) Laterite (Indonesia) Nickel sulfide (global) 10,000,000 Massive sulfide from Nickel Mountain has 4.
Slide 7: Nickel Mountain: Take Away Messages
Nickel Mountain: Take Away Messages THE RIGHT GEOLOGY: GLOBAL CONTEXT: • Chaotic rock associations that often go with nickel • High-grade sulfide amongst best of historic • Structural controls in the roots of a rift: “magma and mined nickel sulfide deposits highways” • Quality feed potential HIGH GR
Slide 8: Nickel Mountain: Located in the Eskay Rift in Northwestern British Columbia
Nickel Mountain: Located in the Eskay Rift in Northwestern British Columbia BRITISH COLUMBIA VANCOUVER STEWART SNIP MINE ESKAY CREEKMINE E&L NICKELMOUNTAIN Ni-Cu-Co-Ag-Au-Pt-Pd-sulfidediscovery Mineral deposit Hydroelectric station KSM DEPOSIT Airport 287 KV powerline BRUCEJACK MINE Deep water port
Slide 9: History Of Discovery at Nickel Mountain
History Of Discovery at Nickel Mountain 1958 Discovery of sulfide gossan - Ed and Lila (E&L) Freeze GGI: TSX.V 1965 Silver Standard: Geology, trenching, 7 drill holes (107m total) 1966 Silver Standard: Geology, diamond drilling 5 holes (380m total) (BC Minfile 104B 006) 1970-1971 Sumitomo option 450
Slide 10: Nickel Mountain Project | Eskay Camp
Nickel Mountain Project | Eskay Camp A B C A-B-C-D are highest priority VTEM anomalies D over a distance of 6 km E&L mineral zone Nickel Mountain Adit EL-17-14 intersected a 16.75m core interval of massive sulfides - 8.3% Ni, 4.2% Cu, 0.19% Co, 4.55 g/t Pd, A - D VTEM Anomalies 1.96 g/t Pt, 1.1 g/t
Slide 11: Geology of the Eskay Rift and location of Nickel Mountain
132º 60º Geology of the Eskay Rift and location of Nickel Mountain Based on Nelson and Kyba (2014) • Western margin of Eskay Rift • North, northeast and northwest trending faults and structures • The Early Jurassic structural regime may have been transtensional or purely extensional • Nickel Mountai
Slide 12: Regional Gravity Data: horizontal gradient with location of Eskay Rift and Nickel Mountain
Regional Gravity Data: horizontal gradient with location of Eskay Rift and NickelMountain 646000 696000 746000 796000 846000 Based on Nelson and Kyba (2014) Axis Horizontal Gradient of Gravity Anomaly 1400000 1350000 Nickel Mtn. 1300000 Outline of Bouger gravity anomaly 1250000 Outline of Eskay Rift
Slide 13: Vertical gradient response of E&L from VTEM survey
Vertical gradient response of E&L from VTEM survey Analytic response of magnetic signal from 2017 VTEM survey. The outline of the E&L intrusion and known mafic rocks at surface illustrates the important coincidence of the strongest magnetic gradient with the olivine gabbro at E&L. GGI: TSX.V 13
Slide 14: Geological Section and Plan of the E&L Intrusion
Geological Section and Plan of the E&L Intrusion WEST Drilled area represents just a fraction of Nickel EAST EL17-08 Plan Mountain footprint considered prospective fornickel sulphide mineralization Drilled area represents just a fraction of Nickel view Mountain footprint considered prospective for n
Slide 15: Selected Massive and Disseminated Sulfide Intervals
Selected Massive and Disseminated Sulfide Intervals Northwest and Discovery Zones at E&L TPM (g/t) Ni+Cu Hole # Interval width (from -to) Ni wt% Cu wt% Co wt% Pt (g/t) Pd (g/t) Au (g/t) Ag (g/t) S wt% ZONE [Pt+Pd+Au] (wt%) EL-17-01 over 60.5m (51.0 -111.5m) 0.54 0.53 0.016 0.217 0.343 0.201 2.6 2.10
Slide 16: Compositional Diversity in the E&L Sulfide Mineralization
Compositional Diversity in the E&L Sulfide Mineralization Examples of massive and disseminated sulfide intercepts from the Discovery and Northwest Zones reported by Garibaldi (see www.garibaldiresources.com) Zone Type Drill hole Depth Ni Cu Co Pt Pd Au Ag Ni100 Core interval (m) From wt% wt% wt% g/t
Slide 17: Chaotic Rocks at E&L
Chaotic Rocks at E&L A. Typical example A GGI: TSX.V of orbicular and variable-textured olivine gabbro with disseminated sulfide from E&L (EL17-01, C. For comparison, example of taxitic 153.5m). olivine gabbro from the Kharaelakh Intrusion at Talnakh; note the similarity in texture to images shown i
Slide 18: Rock Types at E&L
Rock Types at E&L A B C 1 cm 1 cm 1 mm A. Example of orbicular-textured B. Example of snowflake textures C. Polished thin section ofolivine gabbro from surface outcrop at E&L. developed in leucogabbro from gabbro from E&L in crossed- surface outcrop of the E&LIntrusion. polarized light. GGI: TSX.V 1
Slide 19: Massive sulfide intercept in sedimentary rock adjacent to the E&L intrusion
Massive sulfide intercept in sedimentary rock adjacent to the E&L intrusion (EL17-14) Po Pn Cpy 2.5 cm EL-17-14 @ 136.9m Loop texturedmassive pyrrhotite-pentlandite- chalcopyrite, granular pentlandite and chalcopyrite grains forming on larger pyrrhotite grains 19
Slide 20: Loop textured massive sulfides at E&L are common in massive nickel sulfide ore deposits
Loop textured massive sulfides at E&L are common in massive nickel sulfide ore deposits Massive Sulfide from E&L 2.5 cm Po Pn Cpy Massive Po-Cpy-Pn with ‘flattened’ loop Komsomolsk Mine, Talnakh Intrusion: textures from Ovoid Deposit, Voisey'sBay loop-texture Po-Cpy-Pn Vein in Footwall, Norilsk 20
Slide 21: EL17-09 188.5m 4X: Loops of Pn+Cpy Between Po Grains
EL17-09 m188.5m 4X: Loops of Pn+Cpy Between Po Grains Classic assemblage of pentlandite, Pn chalcopyrite, and pyrrhotite. In some drill core samples, unusually high concentrations of Cr are recorded; however, the massive sulfides contain low concentrations of elements like As, Sb, Bi, Cd, Zn, and Pb
Slide 22: E&L Sulfides Have Very High Ni Concentrations
E&L Sulfides Have Very High Ni Concentrations Nickel concentrations in the sulfide portion of the rock* are high relative to other nickel sulfide deposits Pyrrhotite * Nickel Tenor of sulfide Granular Nickel tenors of some significant nickel deposits and E&L 2016 samples, pentlandite modified after
Slide 23: The sulfide mineralization at E&L is exceptionally rich in nickel
The sulfide mineralization at E&L is exceptionally rich in nickel 9.5 GGI: TSX.V 9.0 8.5 8.0 Wt% Ni in samples with >30 wt% S 7.5 7.0 (2) 6.5 6.0 (2) Comparison of the Ni concentrations in 5.5 (3) (1) 5.0 massive sulfides with >30 wt% S from (2) 4.5 E&L compared to samples from ore 4.0 deposits at S
Slide 24: Model for the Nickel Mountain Mineral System
Model for the Nickel Mountain Mineral System WEST EAST Drilled area represents just a fraction of Nickel Mountain footprint considered prospective for nickel sulphide mineralization DDH MINERALIZATION >1.5% Ni Early Transtensional Kinematics 0.5 - 1.5% Ni <0.5%Ni Early sinistral transtension No assa
Slide 25: Summary
Summary Geology and Mineralization • High-grade Ni-Cu-PGE mineralization in an extremely endowed rift Youngest known nickel sulfide mineralization (Jurassic) • Chaotic variable-textured (taxitic) differentiated rock types of E&L Intrusion • Mineralization within coarse grained taxitic olivine gabbro
Slide 26: Quality Assurance/Quality Control (QA/QC)
Quality Assurance/Quality Control (QA/QC) Garibaldi Resources has applied a rigorous quality assurance/quality control program at the E&L Nickel Mountain Project using best industry practice. All core was logged by a professional geoscientist and selected intervals were sampled. NQ2 drill core was s
Slide 27: Garibaldi Resources Corp. Management and Directors, Advisory Board
Garibaldi Resources Corp. Management and Directors Advisory Board Steve Regoci – President and CEO, directing Garibaldi’s Dr. Peter Lightfoot – Global nickel sulphide expert, + 30 years' strategic interests since 2004, +35 years in the investment experience, Chief Geologist Vale Base Metals, owner L
Slide 28: Special Thanks To
Special Thanks To Steve Regoci GGI: TSX.V Barrie Di Castri Everett Makela Jeremy Hanson Alan King Vancouver Head Office Jules Lajoie Suite 1150, 409 Granville Street, Syd Visser Vancouver, B.C. Canada V6C 1T2 Mike Muggridge www.GaribaldiResources.com Jim Hutter Tel: 604-488-8851 Fax: 604-488-8871 E-