Nican Ltd. · TSXV:NICN
Nican — Investor Presentation (December 2022)
28 slides from Nican's investor presentation, December 2022
Slide 1: Exploring for Nickel deposits on known Nickel belts in Canada
Exploring for Nickel deposits on known Nickel belts in Canada TSXv - NICN December 2022
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) of NiCAN Limited (the “Corporation”) is for information only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or subscribe for any securities in any jurisdiction in which such
Slide 3: Cautionary Statements
Cautionary Statements Forward-looking statements This Presentation contains certain “forward-looking information” under applicable securities laws concerning the business, operations and financial performance and condition of the Corporation. Forward-looking information includes, but is not limited
Slide 4: NiCAN Limited
NiCAN Limited Experienced team exploring a portfolio of highly prospective projects on known Nickel belts Focused on established mining camps in close proximity to existing Nickel infrastructure Projects near Thompson and Flin Flon-Snow Lake, Manitoba, Canada Both projects are located on geologi
Slide 5: NiCAN – Evaluating underexplored assets on known Nickel Belts
Lynn Lake – Historical Production 22.2 Mt @ 1.02% Ni, 0.54% Cu NiCAN – Evaluating Pipy Property underexplored assets on Thompson – Historical Production +150 Mt @ 2.3% Ni known Nickel Belts Wine Property Snow Lake Flin Flon Namew Lake Mine – Historical Production 2.57 Mt @ 1.79% Ni, 0.63% Cu www.nic
Slide 6: Wine Project – Flin Flon/Snow Lake
Wine Project – Flin Flon/Snow Lake Located 50km southwest of Snow Lake near the former Reed Lake mine, Spruce Point mine and Rail deposit Drilled by Hudson Bay (1957-1998) and Cream Mines (2007) Significant historical drilling, including 20.37m of 1.3% Ni, 2.27% Cu, (2.09% NiEq) and 0.04% Co
Slide 7: Wine Project – First assays from initial diamond drill program
Wine Project – Flin Flon/Snow Lake First assays from NiCAN’s 2022 Initial diamond drill program From Thickness Drill Hole To Cu Ni NiEq Co Au Pt Pd PGM (m) (m) Wine-22-02 45.8 48.6 2.8 0.64 1.87 2.08 0.08 0.06 0.04 0.46 0.56 Wine-22-05 43 69.3 27.3 1.81 2.01 2.61 0.09 0.2 0.06 0.27 0.53 Wine-22-06 7
Slide 8: Wine Property – Regional Geological Setting
Wine Property – Regional Geological Setting Gravity Signature The Wine Nickel Occurrence lies in a suture zone between the two “mini-continents” of the Flin Flon and Snow Lake Volcanic Belts. The geological setting has analogies to the Thompson Belt. It is interpreted that the Wine suture zone has t
Slide 9: Wine Project in close proximity to other deposits
Wine Project – Flin Flon/Snow Lake Wine Project in close 5km Rail Deposit proximity to other deposits NiCAN’s Wine Indicated Resource 1.2Mt @ 2.73%Cu, 0.9%Zn, 0.80 g/t Au, 8.9 g/t Ag Project * • The region is well known for its RAD07-01 20.4m of 2.09% NiEq * significant number of copper-zinc WINE-22
Slide 10: Re-Interpreted Geology of the Wine Project Area
Wine Project – Flin Flon/Snow Lake RMI, RMI_1vd, RMI_2vd image of the Wine Project Area Re-Interpreted Geology of the Wine Project Area Swan Lake Wine Ni-Cu Occurrence Pluton A geological interpretation of the Wine 9.6km Nickel- available magnetic Copper Occurrence data has indicated 1km that the Sw
Slide 11: Wine Property (56.8km²) – Drilling
Wine Property (56.8km²) – Drilling • NiCAN has determined that the location of historic drill holes at the Wine Occurrence required a significant degree of correction. This assisted in subsequent interpretations of the drill intercepts. • Downhole EM, ground exploration work and the VTEM survey resu
Slide 12: Wine Property – Upcoming Targets
Wine Property – Upcoming Targets VTEM targets within the Wine Gabbro shown on an aeromagnetic RMI, RMI_1vd, RMI_2vd image 50-meter conductivity depth slice • A significant number of additional VTEM anomalies, typically with subtle coincident magnetic responses, have been defined within the Wine Gabb
Slide 13: Wine Property – Interpreted Mineralization Model
Wine Property Interpreted Mineralization Model for the Wine Gabbro Area Looking Southeast • Merging the VTEM data with NiCAN’s aeromagnetic model inferred a relationship between conductivity and magnetic responses • In the region of the Wine Gabbro, deep seated magma chambers postulated to be feeder
Slide 14: Wine Property – Exploration Programs
Wine Property – Exploration Programs Ground TDEM Geophysical Survey Completed in 2022 • Ground TDEM Survey • Borehole Geophysics of Historical and some 2022 Drill Holes Helicopter Supported • Phase I Diamond Drilling Diamond Drilling Phase II Exploration Program 2023 • Phase II Diamond Drilling • Bo
Slide 15: Analogies to Lynn Lake Nickel Deposits
Analogies to Lynn Lake Nickel Deposits 1.4 km Farley Mine, Lynn Lake • Lynn Lake, 240km north of the Wine Mined 22.2MT 1.2% Ni Eq Property, hosts the Farley Mine, Lynn Lake – Historical Production 22.2 Mt @ 1.02% Ni, 0.54% Cu which mined 22.2Mt grading 1.02% Ni and 0.54% Cu from 1953 to 1976. • A to
Slide 16: Wine Project – Executing on 6 Month Plan
Wine Project – Executing on 6 Month Plan Completed Underway Next 6 Months • Acquired and expanded • Refining knowledge base • Complete Phase II drilling land package and identifying additional program • Compiled and improved drill targets • Develop follow up drilling historical database • Interpreta
Slide 17: Pipy Project - Thompson
Pipy Project - Thompson Properties underlain by the Pipe Formation, which hosts the Thompson Nickel Mine located to the south Previously drilled by Inco in the 1960s. Pipy South located 12km northeast of Thompson. Pipy North Pipy Property located 6km northeast of Pipy South The Total Resourc
Slide 18: Significant Canadian Nickel Mining Centers
Significant Canadian Nickel Mining Centers The Proterozoic aged Circum-Superior Belt contains world-class nickel mining centers. Within each is a cluster of nickel deposits. The deposits are related to intrusion/ extrusion of primitive mantle derived mafic magmas and associated magmatic sulphides. T
Slide 19: Pipy Project Adjacent to Vale's Thompson Nickel Mine
Pipy Project Adjacent to Vale’s Thompson Nickel Mine Pipy Project in close proximity to the Vale Thompson Nickel Mine and Other Deposits Pipy North • In June 2021, Vale announced it will spend $150 million Moak Lake Deposit to extend its current mining activities in Thompson by 10 45Mt @ 0.7% Ni yea
Slide 20: Pipy Project – Geology Analogues to Thompson T1 and T3 Deposits
Pipy Project – Geology Analogues to Thompson T1 and T3 Deposits The geology underlying the Pipy Property is very similar to that of the T1 and T3 Mines of Vale. The Pipe Formation hosts the mineralization in both mines. The rocks are folded and faulted in a similar pattern at Pipy as they are at T1
Slide 21: Pipy Project - Geological Analogy to Thompson T1 and T3 Deposits
Pipy Project - Geological Analogy to Thompson T1 and T3 Deposits • Similar stratigraphy and structural setting as seen at Pipy Open File OF2019-2 Field Trip Guidebook: Stratigraphy and ore deposits in the Thompson nickel belt, Manitoba by C.G. Couëslan Manitoba Geological Survey Winnipeg, 2019 www.n
Slide 22: Pipy Project - Composite Aeromagnetic Signature
Pipy Project - Composite Aeromagnetic Signature 3D isoshells displaying the aeromagnetic signature of the north end of the Pipy South claim group. NiCAN’s 2021 Survey Pipy North – 50m Pipy South line spacing Claim Group Pipy South * The underlying 2D image is the Residual * Magnetic Intensity, 1stve
Slide 23: Pipy Project – 6 Month Plan
Pipy Project – 6 Month Plan Completed Underway Next 6 Months • Acquired land package adjacent • Incorporating all historical and • Engagement with local to the Thompson Nickel new data into re-interpretation Indigenous stakeholders property •Refining knowledge base and •Complete Phase I work program
Slide 24: Capital Ownership Backed by Experienced Investors and Institutions
Capital Ownership Backed by Experienced Investors 20% and Institutions Retail Institutional 23% Insiders 57% Management Aligned ~17% Ownership (total insiders ~20%) Shares Outstanding 69,398,902 Options (@$0.25/sh) 3,000,000 69.4 Million Shares Outstanding Broker Warrants (@$0.25/sh) 331,200 Broker
Slide 25: NiCAN Leadership – Board of Directors
NiCAN Leadership – Board of Directors Mike Hoffman, P.Eng., ICD.D | Chairman Mark Cruise| Director Mr. Hoffman is currently Chair and Director at 1911 Gold as well as a director of Dr. Cruise is a professional geologist with over 25 years of international mining Velocity Minerals, Silver X Mining an
Slide 26: NiCAN Leadership – Management and Advisors
NiCAN Leadership – Management and Advisors Brad Humphrey | Chief Executive Officer & Director Bill Nielsen | Senior Geologist & Advisor +25yrs of international mining experience. Prior to joining NiCAN, Mr. Humphrey was Mr. Nielsen is an accredited geologist with over 45 years of worldwide experienc
Slide 27: NiCAN is focused on Strategically Located Critical Metals
NiCAN is focused on Strategically Located Critical Metals - positioning for the global transition to electrification and decarbonization Nickel is a key component in Electric Battery Cathode Composition - two common Li-ion Vehicles and Energy Storage battery chemistries Nickel holds an important
Slide 28: Thank You
Thank You The New Canadian Nickel Explorer TSXv - NICN info@nicanltd.com www.nicanltd.com TSXv - NICN