Nicola Mining Inc. · TSXV:NIM
Nicola Mining — Corporate Update (March 2026)
23 slides from Nicola Mining's corporate update, March 2026
Slide 1: New Craigmont Project
NEW CRAIGMONT PROJECT Newly Discovered Copper Porphyry Potential at a Historical Mine March 2026 Qualified Person The scientific and technical disclosures included in this March 2026 New Craigmont Copper Project presentation have been reviewed and approved by Will Whitty, P.Geo., who is the Qualifie
Slide 2: Regional Geology
REGIONAL GEOLOGY Shares the regional geologic setting with the Highland Valley Copper District, the largest copper producer in Canada. TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF
Slide 3: Local Geology
Local GEOLOGY LITHOLOGY Upper Triassic Nicola Group was intruded by Late Triassic Guichon Creek batholith. The western portion is overlain by the Cretaceous Spences Bridge Group. Nicola Group - Rhyolitic to andesitic volcaniclastic rocks - Carbonate-rich sedimentary rocks (limey sandstone and mudsto
Slide 4: New Craigmont
• 1961-1982, 34Mt ore @ 1.28% New Craigmont Cu both from underground The Craigmont Mine has contributed to the and open pit produced at Craigmont. rich history of mining in British Columbia for • Cut-off grade: 1.0-0.7% Cu more than 50 years. • Body No. 3 remains in-situ. • 1993-2014, magnetite prod
Slide 5: Exploration
Exploration The combination of ownership consolidation (Nov. 2015) and receipt of the MYAB Permit (Nov. 2022) allows Nicola to conduct extensive exploration on never-before-drilled targets. EXPLORATION SINCE 2015 HISTORIC EXPLORATION INSIGHTS Skarn Focused • Over 20,000m of diamond drilling • Proper
Slide 6: Cu-Fe Skarn
Epidote Mineralization (Replacement of garnet) Approximately two-thirds of the Craigmont ore body occurs within CU-FE SKARN skarn, hosted by limey sandstone and limey siltstone of the Nicola Group, confined to a narrow, steeply south-dipping zone. Actinolite & chlorite The remaining ore is hosted by
Slide 7: Skarn Grades
Skarn Grades High-grade copper-skarn mineralization has been found near the historic Craigmont Mine and in the newly established Embayment Zone. R E C E N T DRILLING HIGHLIGHTS FROM SKARN MINERALIZATION DDH-THU-002: 85.9m @ 1.11% Cu Sep 7, 2016, news release S-100: 116.7m @ 0.54% Cu (re-sampling) Ja
Slide 8: The Craigmont Question
The Craigmont Question • Cu-Fe skarn deposit: 36.75 Mt of ore at 1.28% Cu • Located at southern contact of calc-alkalic Guichon Creek Batholith and Nicola Group • Hosts Highland Valley porphyry Cu-Mo district • Previously thought to be the result of remobilization of metals in pre-enriched Nicola Gr
Slide 9: Sillitoe, 2010
Sillitoe, 2010 • Despite the hematite- magnetite transition, the overall Craigmont skarn assemblage is oxidized • Border Phase diorite (edge of batholith) was observed to be in contact with both actinolite- epidote and garnet-bearing skarn • BUT a clear spatial correlation between massive, barren ga
Slide 10: Field evidences of Porphyry Cu-Mo system
Field evidences of Porphyry Cu - Mo system D veins Mo with Cpy indicates late- indicates stage and low T proximity to hydrothermal the porphyry activity (DR-25- core or 001, 321.50m) thermal center DR-25-001, 321.50m DR-25-001, 281m DR-25-001, 111.45m Bornite ± Bornite after chalcopyrite ± chalcopyr
Slide 11: Porphyry Copper Indicators Discovered
Porphyry Copper Indicators Discovered • NC23-005 and NC23-006 revealed extensive potassic and propylitic alteration, along with chalcopyrite veinlets in the Guichon Creek Quartz Diorite. Never-before observed molybdenite coinciding with chalcopyrite was found in the Guichon Creek Quartz Diorite alon
Slide 12: Porphyry-Type Alteration
Porphyry - Type Alteration • Porphyry-type alteration in drill core is patchy and disorganized • Patches of epidote-chlorite most common • Potassic alteration is observed in drill core as pink Kfl veins±tourmaline without biotite, or distally in outcrop as selvages on epidote veins: biotite very unc
Slide 13: Porphyry-Type Alteration: Epidote-Chlorite (Propylitic)
Porphyry - Type Alteration: Epidote - Chlorite (Propylitic) BPCR0064 (outcrop) 2 km Zoomed View of Craigmont Mine Area BPCR0064 (outcrop) TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF
Slide 14: Porphyry-Type Alteration: Chlorite-Sericite-Pyrite (Phyllic)
Porphyry - Type Alteration: Chlorite - Sericite - Pyrite ±Quartz (Phyllic ) BPCR0068 (73.1m) 2 km Zoomed View of Craigmont Mine Area BPCR0068 (73.1m) TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF
Slide 15: Porphyry-Type Alteration: Epidote-Albite (Sodic-Calcic)
Porphyry - Type Alteration: Epidote - Albite ±K - Feldspar (Sodic - Calcic) biotite
Slide 16: Porphyry-Type Alteration: K-Feldspar-Sericite (Potassic)
Porphyry - Type Alteration: K - Feldspar - Sericite ±Biotite (Potassic) tourmaline K-feldspar BPCR0265 (130.4m) Ca K Fe S K-feldspar vein textures not obvious in hand sample 2 km Zoomed View of Craigmont Mine Area Si Al K Na TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF
Slide 17: Epidote Mineral Chemistry Vectoring
Epidote Mineral Chemistry Vectoring As and Sb are the most consistent indicators of porphyry size and location • Mineral assemblage is likely a major control on epidote response • Porphyry indicator elements distinguish New Craigmont from the distal footprint of HVC • Best Prospects: western-most Ne
Slide 18: Exploration Potential: Draken Target
Exploration Potential Draken Target: Ongoing Vectoring • Mineralized quartz – K-feldspar – epidote veins (in Guichon Border Phase diorite) discovered on surface in 2023 • Three drill holes in 2025, totalling ~1500m • Holes DR-25-001 and DR-25-002 encountered classic porphyry-style alternation and mi
Slide 19: Exploration Potential: Jotun Target
Exploration Potential Jotun Target: Untested ZTEM Resistivity High A’ NC23-005: drilled towards the anomaly, but did not intersect it. Encountered porphyry style alteration in Guichon rocks (potassic and propylitic alteration with cpy +/- mo). Planned hole for 2026 Historical Pit (1000m) to test ano
Slide 20: Historic Dump Resource Estimation
Historic Dump Resource Estimation A Technical Report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101“) supporting the Inferred Copper Resource for the Southern Dump and 3060 Portal Dump1. The Company plans to conduct additional test
Slide 21: Exploration Upside
Exploration Upside Porphyry Potential • The right geological setting for a porphyry copper system: Quesnel Terrane, at the southern edge Guichon Creek Batholith on the contact with the Nicola Group rocks, proximal to the Lornex Fault, and next to the Highland Valley mine. • Presence of high-grade co
Slide 22: Exploration Upside: Other Value-Adding Factors
Exploration Upside Other Value-Adding Factors • Upgrade the waste dump resource by sorting and better characterizing fine material. • Compilation and validation of all current and historical data into a single database, which has never been done, to facilitate exploration efforts, create 2D and 3D m
Slide 23: Corporate & Investor Contact
Corporate & Investor Contact Bill Cawker Email: info@nicolamining.com Phone: 604-649-0080 NICOLAMINING.COM TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF