Ev Nickel Inc. · TSXV:EVNI
Ev Nickel — Investor Presentation (March 2023)
41 slides from Ev Nickel's investor presentation, March 2023
Slide 1: The world needs our Clean Nickel
The world needs our Clean NickelTM Ontario’s Shaw Dome- High-Grade & Large-Scale Tracks to Growth + Integrated Carbon Capture & Storage March, 2023 Accelerating the Clean Energy Transition (subset)
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws, including statements that relate to future events or to future performance, business prospects or op
Slide 3: What is EV Nickel? We believe…
What is EV Nickel? We believe… Complications exist beyond Carbon EVs require Ni with Low Carbon Cost There is not enough Nickel for EVs -Geopolitical- Access: Ukraine, Taiwan… -Euro EV Footprint declarations in 2024 -Current Market serves Stainless Steel -Geopolitical-Protectionism: US legislation -
Slide 4: Not Enough Nickel plus, Tightening Carbon Regulation
Not Enough Nickel plus, Tightening Carbon Regulation Global Nickel Demand Mtpa 16% 1.1 Battery 0.3 5% 2.2 Stainless 2.1 Annual & Other Growth 2020 2026 Actual Forecast Mtpa Global Nickel Market 2027 Compliance with Footprint Thresholds Demand ~0.5Mtpa Gap 2026 Carbon Intensity Classification Label S
Slide 5: Beyond Carbon- Automakers are concerned about supply
Beyond Carbon- Automakers are concerned about supply Geopolitical- Protectionism US legislation supports supply for US automakers by designating Canada (#6) & Australia (#5) as “domestic” for tax incentives. Potentially restricts options for non-US automakers Geopolitical- Access General ESG concern
Slide 6: What is EV Nickel? We believe… And EVNi has…
What is EV Nickel? We believe… There is not enough Nickel for EVs EVs require Ni with Low Carbon Complications exist beyond Carbon And EVNi has… Known Nickel mineralization and exploration potential, just south of Timmins, With >30K Hectares, >100km of Strike and 2 Tracks to potential Development Tr
Slide 7: Why the Shaw Dome? Location, Location, Location
Why the Shaw Dome? Location, Location, Location Timmins ▪ Regional population of >85K Ontario ▪ Historic gold mining district, well developed services, 20 Timmins mines and advanced development projects Sudbury CarLang Area ▪ Served by clean hydro power Toronto Large-Scale ▪ <1,000km to Windsor / De
Slide 8: W4 Zone: 2010 - Historical Mineral Resource
W4 Zone: 2010 - Historical Mineral Resource ▪ 22,152 metres of diamond drilling within the W4 area, (referred to now as “Phase 0”) Resource Table ▪ Mineralization subcrops to surface, ranges from 0 to 20m overburden available at evnickel.com ▪ The main mineralized channel is confirmed open at depth
Slide 9: W4 Zone: 1H 2022 - results, New W4 Extension
W4 Zone: 1H 2022 - results, New “W4 Extension” Cross Section 497450 E NEW- Drilled from Forks (looking west) North of river R. Base of overburden Above 200m… Focus of the 2010 W4 Resource ~200m below surface Below 200m… New “W4 Extension” EV22-12 14.3m @ 1.50% Ni with 5.4m @ 2.96% Ni EV22-13 15.8m @
Slide 10: W4 Zone – 2023 Drilling – Results
W4 Zone – 2023 Drilling – Results Table 1: Phase 4 Drill Program - Shaw Dome W4 Extension Drill Holes Target From To Length Ni Cu Co S Au Pt Pd Drill hole Area (m) (m) (m) (%) (%) (%) (%) (ppm) (ppm) (ppm) EV23-01 W4 Ext 373.90 376.10 2.20 0.89 0.12 0.03 2.97 0.01 0.12 0.28 EV23-02 W4 Ext 424.90 438
Slide 11: W4 Zone - 2022 – 2023 Drill Hole Long section
W4 Zone - 2022 – 2023 Drill Hole Long section Looking North For Further Detail see the February 16 and February 28, 2023 News Releases. 11
Slide 12: W4 Zone – Section 497550mE (Looking West)
W4 Zone – Section 497550mE (Looking West) There is potential to the East plus, the Company anticipates the mineralization may also continue deeper than currently defined. For Further Detail see the February 28, 2023 News Release. 12
Slide 13: What does this mean for the W4 Zone?
What does this mean for the W4 Zone? 2010 Historical Estimate was 677K tonnes @ 1% Ni, ~15M lbs Nickel* • 1H 2022 drilling on W4 identified the “W4 Extension” ** • 2023 Drilling Intercepts Sulphides, stretching the Zone to the East ** Targeting a 2x of the 2010 Estimate with Updated Resource this ye
Slide 14: Other High-Grade Targets: more potential fuel for Track 1
Other High-Grade Targets: more potential fuel for Track 1 Halted in 1978 (crown pillar Now >30K collapse), produced 1M hectares to tonnes at 1.47% Ni, mineralization continues explore down-plunge and 446m shaft Interesting anomaly, some still exists. preliminary drilling, along same horizon as Redst
Slide 15: Other High-Grade Targets: Shaw Dome 3D Map
Other High-Grade Targets: more potential fuel for Track 1 Shaw Dome 3D Map created from VTEM, EM and Magnetics Survey data Being used by the Exploration team to prioritize additional Phase 4 targets… Langmuir #2 & South Targets Redstone Trend Source: Condor North Consulting ULC 15
Slide 16: Shaw Dome: Comparison to Australia’s Kambalda Dome
Shaw Dome: Comparison to Australia’s Kambalda Dome ▪ Studies have compared the Komatiite-associated deposits of the Shaw Dome with the Kambalda Dome (1) ▪ Similar to Shaw Dome High Grade, Kambalda Dome mined ~51Mt grading 3.1% Ni from 1968 to 2020 (2) ▪ Komatiite-associated Nickel sulphide deposits
Slide 17: Shaw Dome Large-Scale Targets: Track 2
Shaw Dome “Large-Scale” Targets: Track 2 Carman-Langmuir Adams- Eldorado Targets Targets Deposits Current Gold Production 85 km south ↓”Groves” Property Group Historic Nickel Production 17
Slide 18: Large-Scale Targets: massive potential
Large-Scale Targets: massive potential Strength of Geotech VTEM System Carman - Langmuir Magnetic Total Magnetic Intensity Targets (aka “CarLang”) Intensity (flown by Vendor, May 2008) Higher * Adams- Eldorado Targets Lower For Comparison: Size of CNC’s Crawford Main Zone 360m ↕ North 1.8km ↔ Scale
Slide 19: CarLang, a 10km+ trend- historic surface sampling
“CarLang”, a 10km+ trend- historic surface sampling ▪ Across EV Nickel’s Land package on the Shaw Dome district, many of the surface samples, taken from the Dunites and the Peridotites, graded >0.25% Ni Carman Township 40 samples, 0.33% average Ni grade For Comparison: Size of CNC’s Crawford Main Zo
Slide 20: CarLang, a 10km+ trend- historic drilling
“CarLang”, a 10km+ trend- historic drilling 20
Slide 21: Phase 3 Drilling- CarLang A Zone
Phase 3 Drilling- “CarLang A Zone” Summer 2022 8,295m, 28 Drill Holes Completed Drill Holes (Previously Reported) Completed Drill Holes (Final round) EVNI Surface Sample Currently Reported Drill Results Drilled Drill Hole Ni (wt%) Length (m) EV22-38 0.23 255.10 EV22-46 0.20 226.50 EV22-47 0.28 297.5
Slide 22: Maiden Mineral Resource Estimate for the CarLang A Zone
Maiden Mineral Resource Estimate for the CarLang A Zone 37 millions EVs? CarLang A Zone represents just 20% of the full 10 km-long CarLang Area Trend. Average 100kWh electric vehicle battery requires ~145 pounds of nickel -(Bloomberg New Energy Finance) Note: Full MRE notes in Appendix 22
Slide 23: CarLang: Massive Relative Potential as a Large-Scale Target
CarLang: Massive Relative Potential as a Large-Scale Target “Crawford is the World’s Largest Nickel Sulphide ▪ Multiple Large-Scale Targets exist around Timmins Discovery since the 1970s.” –Canada Nickel Company EVNI’s View of the Economic Differentiators for Large-Scale Targets: Others in the Regio
Slide 24: What is EV Nickel, the complete picture?
What is EV Nickel, the complete picture? Track 1- High-Grade Clean Nickel TM, starting with W4 • Near-term Ni Production (in permitting now) • Potential Local Processing option • Opportunity for very low carbon cost Ni Production Track 2- Integrated Carbon Capture & Storage (“CCS”) + TM Large-Scale
Slide 25: Nickel Market: this Revolution will be regulated
Nickel Market: this Revolution will be regulated Industry has become sensitized to the general Greenhouse Gas Protocols… Scope 1 Scope 2 Scope 3 Direct Emissions from Indirect Emissions from All other Indirect Emissions- Owned or Controlled Sources Purchased Energy From up & down the value chain …Au
Slide 26: Nickel Market: the Revolution demands changes of Miners
Nickel Market: the Revolution demands changes of Miners “…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, Tesla Earnings Call July 22, 2020 EV companies are asking nickel m
Slide 27: Clean Nickel: EVNi is questioning each of the steps
Clean Nickel TM : EVNi is questioning each of the steps • Our current plans start with: o Reliance on creative processing techniques, including bioleaching o Analyzing carbon capture potential, through waste rock and tailings during mining, to expose the serpentinite rock to air to allow this materi
Slide 28: Clean Nickel R&D- Funding sources
Clean Nickel™ R&D- Funding sources Critical Minerals Innovation Fund (CMIF) The Critical Minerals Innovation Fund (CMIF) provides funding to projects that help strengthen Ontario’s critical minerals sector. Ontario Junior Exploration Program (general exploration) The Ontario Junior Exploration Progr
Slide 29: Clean Nickel: Bioleaching- detail
Clean Nickel TM : Bioleaching- detail Typical Flow Sheet for Nickel Sulphide ore: Crushed Mined Aerated & Irrigated High Grade Nickel Heap Leach Vat Tanks Hydroxide (or other) or Pregnant Precipitated Solution 29
Slide 30: Clean Nickel: Carbon Capture
Clean Nickel TM : Carbon Capture • Partnered with Dr. Greg Dipple, and his team at Arca (formerly the Carbon Mineralization Laboratory at UBC) • Group is composed of an interdisciplinary mix of geoscientists and engineers working on large-scale CO2 sequestration in industrial waste • Evaluating the
Slide 31: EVNI: looking ahead
EVNI: looking ahead 2022 was the year of New Discoveries… • W4 Extension • CarLang A Zone • Groves - Mathu …2023 will be the year of Seeing the Details Q1 Q2 Prelim CarLang NEW CarLang A UPDATED W4 Prelim Bioleaching Zone Resource ✓ Carbon Capture & Storage results Resource * results 2H Advancing ea
Slide 32: Capital Structure
Capital Structure High-Grade Met Assays (?) 3x the Land Ticker TSXV: “EVNI” Pkg Confirmed “W4 Confirmed CarLang A Share Price (March 27) $0.18 Extension” “CarLang A Zone Maiden Zone” Resource Basic Shares Outstanding: Confirmed Founders 9.8M “Groves- Rogue Resources 6.6M Mathu” March 2021 Round (@ $
Slide 33: Nickel Project Comparables
Nickel Project Comparables Market Cap, C$ millions High Grade Nickel Low Grade Nickel Both, 2 Tracks $323M $201M $120M $109M 2 tracks now? $9M $20M Company EV Nickel Class 1 Nickel FPX Nickel Legend Mining Talon Metals Main Asset / Shaw Dome Alexo-Dundonald Decar Boomerang at Edleston Crawford Tamar
Slide 34: EV Nickel Inc.
EV Nickel Inc. 200-150 King St West, Toronto, ON M5H 1J9, Canada info@evnickel.com TM
Slide 35: Notes to CarLang A Zone Maiden Mineral Resource Estimate
Notes to CarLang A Zone Maiden Mineral Resource Estimate 1.The independent Qualified Person for the Mineral Resource Estimate, as defined by NI 43-101, is Simon Mortimer (FAIG #4083), of Atticus Geoscience Consulting. The effective date of the Mineral Resource Estimate is February 27, 2023. 2.These
Slide 36: People: Track Record of Unlocking Value
People: Track Record of Unlocking Value Management- Tight Team, Know How to Find, Develop and Operate Mines Sean Samson Travis Gingras Paul Davis Phil Vicker President, CEO CFO VP, Exploration Shaw Dome Exploration and Director Board- Deep Community and Transaction Experience Linda Byron Michael Fox
Slide 37: EVNi- founded and led by Sean Samson
EVNi- founded and led by Sean Samson Sean Samson - President, CEO and Director Mr. Samson is a mining exec with more than 25 years of management and financial experience. For the last 15 years Sean has worked in resource extraction and now runs two publicly-traded Canadian mining companies- includin
Slide 38: Escrow and Lock-up of Current Shares
Escrow and Lock-up of Current Shares Shareholder Category (Shares) Schedule 10% on the listing date (December 3rd, 2021) 15% at June 3rd, 2022 15% at December 3rd, 2022 Founders & 16.4M 15% + 18 months (June 3rd, 2023) Rogue Resources 15% + 24 months (December 3rd, 2023) 15% + 30 months (June 3rd, 2
Slide 39: Langmuir W4: 1H 2022 - results, New W4 Extension (cont’d)
Langmuir W4: 1H 2022 - results, New “W4 Extension” (cont’d) Cross Section 497500 E NEW- Drilled from Forks North of river Forks (looking west) R. R. Surfac Base of overburden e Above 200m… EV22-16 Focus 3.3m @ 0.56% Ni Aboveof200m… the 2010Focus W4 Resource of the EV22-17 ~200m below 2010 W4 Resourc
Slide 40: Large-Scale Projects- locally and globally
Large-Scale Projects- locally and globally For Comparison- CarLang A Zone Resource has 2.41Mt Contained Ni ~70% of Crawford Main + East Zones … and the A Zone is only 20% of the full CarLang (based on Historic Drilling and Surface Sampling) Including the East, brought “Crawford” to 3.5Mt Contained N
Slide 41: Large-Scale Projects- local comparison
Large-Scale Projects- local comparison EV Nickel’s s CarLang Area, drawn to same scale as Canada Nickel’s Crawford (Main + East) Main + East (~1.5km apart), brought “Crawford” to 3.5Mt Contained Nickel. Averages ~40m Overburden and Modeled to 690m depth (remaining CNC properties are scattered around