Canada Nickel Company Inc · TSXV:CNC
Canada Nickel — Investor Presentation (October 2023)
20 slides from Canada Nickel's investor presentation, October 2023
Slide 1: Delivering the Next Generation of Nickel
Canada Nickel Company Delivering the Next Generation of Nickel TSX-V: CNC October 2023
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”). This presentation contains certain information that may constitute "forward-looking i
Slide 3: Feasibility Study Summary
Feasibility Study Summary Feasibility Study successfully completed – just over 4 years from drilling 5th drill hole • $2.5 billion after-tax NPV8% and IRR of 17.1%; increasing to $2.6 billion after-tax NPV8% and IRR of 18.3% with projected Carbon Capture & Storage tax credits • Crawford is world’s 2
Slide 4: Anchored by 2nd Largest Nickel Resource
Crawford Anchored by 2nd Largest Nickel Resource1 Measured & Indicated resource increased by 74% (compared to the 2022 resource estimate) to 6.0 million tonnes 1 Source: Wood Mackenzie, Nickel Cost Service Q3 2023 data 4
Slide 5: Second Largest Nickel Operation & Project Globally (Proven & Probable Reserves)
Second Largest Nickel Operation & Project Globally (Proven & Probable Reserves) Crawford contains the 2nd largest nickel reserves globally 5
Slide 6: Comparison of Key Metrics: BFS vs PEA
Comparison of Key Metrics: BFS vs PEA The feasibility study had multiple improvements to the PEA in mine life and recoveries Source: Bankable Feasibility Study news release, titled “Canada Nickel Announces Positive Bankable Feasibility Study For its Crawford Nickel Sulphide Project”, Effective Date
Slide 7: Bankable Feasibility Study Highlights
Crawford Bankable Feasibility Study Highlights The Crawford BFS demonstrates strong financial returns based on a large resource with significant upside potential. US$2.5 billion after-tax NPV8; ($2.6 billion including expected CCUS Robust tax credits) Economics 17.1% after-tax IRR (18.3% includi
Slide 8: BFS Operating Costs & Capex
Crawford BFS Operating Costs & Capex Two phase production plan peaks at nickel production of 48ktpa with a life-of-mine AISC of US$1.21/lb ($2,668 per tonne) Unit Phase I Phase II Phase III Life-of-Mine (Years 1 – 3.5) (Years 3.5 – 29) (Years 30 – 41) (Years 1 – 41) Mill Capacity ktpd 60 120 120 120
Slide 9: BFS Summary – Capital Costs
Crawford BFS Summary – Capital Costs Project construction to be done with single expansion from 60ktpd to 120ktpd mill capacity. Peak capital investment of $1.7 billion for both phases due to Critical Minerals refundable tax credit and expected Carbon Capture & Storage tax credit Life of Total Capit
Slide 10: Nickel Sulphide Project
Crawford Nickel Sulphide Project Crawford is expected to be the 3rd largest nickel operation globally, based on BFS results 10
Slide 11: 1st Quartile Net Cash Cost Producer
Crawford: 1st Quartile Net Cash Cost Producer Based on BFS results, Crawford is expected to be a low-cost producer with 1st quartile Net C1 Cash Cost and All-in Sustaining Costs. Source: Wood Mackenzie 11
Slide 12: Accelerated Carbonation Process Achieves NetZero and Generates Substantial CO2 Credits
Accelerated Carbonation Process Achieves NetZero and Generates Substantial CO2 Credits Canada Nickel’s simple carbon storage approach – IPT Carbonation or In-Process Tailings Carbonation – utilizes tailings directly from the mineral processing circuit and conditions them with CO2 for a brief period
Slide 13: Project Milestones
Crawford Project Milestones Project is less than 21 months away from target receipt of permits and construction decision • Financing End-2024 – Debt & Equity packages • Permitting Mid-2025 – Filing of Impact Statement Mid-2024 – Receipt of Permits Mid-2025 • Construction Decision Mid-2025 • First Pr
Slide 14: Unlocking the Timmins Nickel District
Unlocking the Timmins Nickel District Potential Zero-Carbon Nickel District A substantial new nickel district has been consolidated with 20+ nickel targets 42km2 of ultramafic/mag highs Each target has had some amount of historical work, (in some cases, much more than Crawford did initially) con
Slide 15: Regional Exploration Success – Multiple Deposits with Larger Footprint than Crawford
Regional Exploration Success – Multiple Deposits with Larger Footprint than Crawford Potential to unlock a district scale nickel camp with multiple deposits comparable to Crawford Current drilling confirms large scale discovery at Reid – delineated mineralized footprint already 90% of Crawford f
Slide 16: Texmont Mine Acquisition: Near Term Production Potential
Texmont Mine Acquisition: Near Term Production Potential In March 2023, Canada Nickel acquired the past producing Texmont mine. A mine and mill operated on the site from July 1971 to December 1972 at a capacity of 500 tpd. Provides potential for near-term open pit production from near-surface hi
Slide 17: Summary
Summary Investment Highlights 2023 Catalysts Nickel market entering “supercycle” by mid-decade driven by EV demand Strategic Investor Recent nickel supply growth largely “dirty nickel” - Appointment of Debt Advisors little visibility on supply growth outside Indonesia Crawford largest nick
Slide 18: Appendix
zg) CANADA NICKEL COMPANY Appendix www.canadanickel.com
Slide 19: BFS Detailed Summary
Crawford BFS Detailed Summary Phase I Phase II Phase III LOM Ownership: 100% Unit (Years 1 - 3.5) (Years 3.5 - 29) (30 - 41) (Years 1 - 41) Mine Type Type Open Pit Capital Expenditures Initial & Expansion US$ millions $1,943 $1,600 $0 $3,543 Sustaining & Closure US$ millions / year $0 $52 $10 $36 Mi
Slide 20: Corporate Office
Corporate Office 130 King St West Suite 1900 Toronto ON M5X 1E3 TSX-V: CNC +1 (647) 256-1954 info@canadanickel.com www.canadanickel.com Twitter: @CanadaNickel
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