Ev Nickel Inc. · TSXV:EVNI
Ev Nickel — Investor Presentation (April 2022)
37 slides from Ev Nickel's investor presentation, April 2022
Slide 1: Unlocking the Clean Nickel Potential of the Shaw Dome
Unlocking the Clean Nickel Potential of the Shaw Dome Timmins, Ontario Investor Discussion Deck April 2022
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?
What is EV Nickel? ▪ Electric Vehicles driving the new demand in Nickel, prefers sulphide (aka Class 1) ▪ EVs want to source the “cleanest” metals (Shaw Dome – Canada, hydro power, high-grade sulphide) ▪ Acquired over 30K hectares of prospective land across the Shaw Dome, SE of Timmins, Ontario ▪ In
Slide 4: 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 5: Nickel Market: the EV Revolution is well underway
Nickel Market: the EV Revolution is well underway Current BEV Manufacturers Sources: Industry reporting 5
Slide 6: Nickel Market: Demand from EVs is stressing the Market
Nickel Market: Demand from EVs is stressing the Market Global Nickel Demand Global Nickel Market Mtpa Demand 16% 1.1 Battery Supply 0.3 5% 2.2 Stainless 2.1 Annual & Other Growth 2020 2026 2020 2030 Actual Forecast Actual Forecast • Unlike other essential battery inputs (ex. lithium), the battery ma
Slide 7: Nickel Market: New Nickel Buyers are Pushing Suppliers
Nickel Market: New Nickel Buyers are Pushing Suppliers • EV companies require battery makers to focus on the footprint of their supply chains. • The globally-integrated nickel industry currently has ore upgraded and transported around the world… …the new buyers are asking for a better way. “In order
Slide 8: Why the Shaw Dome? Location, Location, Location
Why the Shaw Dome? Location, Location, Location Timmins ▪ Regional population of >85K ▪ Historic gold mining district, well developed services, 20 mines and advanced development projects ▪ Served by clean hydro power Ontario Langmuir Project Timmins ▪ Within 50km of Timmins ▪ 9,100 Ha of prospective
Slide 9: Langmuir W4: Deposit Targeting and Core
Langmuir W4: Deposit Targeting and Core ▪ 22,152 metres of diamond drilling within the W4 area, (an additional 4,192 m completed in 2021) Further detail ▪ Mineralization subcrops to surface, ranges from 0 to 20m overburden in Appendix ▪ The main mineralized channel is confirmed open at depth and to
Slide 10: Shaw Dome Acquisition- Triples the Land Package
Shaw Dome Acquisition- Triples the Land Package ▪ Acquired 1,088 claims, over 21,000 hectares of prospective land, from a private vendor – For comparison, the current EVNi land package is 9,100 hectares ▪ The Shaw Dome Acquisition Properties are clustered into three groups: Property Groups: Directio
Slide 11: Shaw Dome Acquisition- 2 of 3 Property Groups
Shaw Dome Acquisition- 2 of 3 Property Groups Property Groups: “Carman” “Shaw Dome” Deposits Current Gold Production 85 km south ↓”Groves” Property Group Historic Nickel Production 11
Slide 12: Shaw Dome Acquisition- Steps to Exploration Drilling
Shaw Dome Acquisition- Steps to Exploration Drilling Planning for up to 4 months Closing Drilling Targets April 4th Reviewing the Available Historical Data Late Summer ▪ Drilling Results in Corporate Reporting and Assessment Files ▪ Airborne Surveys flown by the Vendor ▪ Academic and Government Stud
Slide 13: Acquired High Grade Targets: promising Historic Results
Acquired High Grade Targets: promising Historic Results 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 Redston
Slide 14: Acquired High Grade Targets: background detail
Acquired High Grade Targets: background detail Reviewing the Available Historical Data ✓ Drilling Results in Corporate Reporting and Assessment Files Croxall Target Intersected 3.34 metres grading 0.63% Ni and a follow up diamond drill program completed in 2011 by Liberty Mines Ltd. intersected 4.2
Slide 15: 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 16: Acquired "Large Scale" Targets: now a new, second focus
Acquired “Large Scale” Targets: now a new, second focus Carman Targets Adams- Eldorado Targets Deposits Current Gold Production 85 km south ↓”Groves” Property Group Historic Nickel Production
Slide 17: Acquired Large Scale Targets: background detail
Acquired Large Scale Targets: background detail “Large Scale” = Reviewing the Available Historical Data Exploring for komatiitic ✓ Drilling Results in Corporate Reporting and dunites and peridotite with Assessment Files ~0.3% - 0.5% Ni ✓ Airborne Surveys flown by the Vendor mineralization, near surf
Slide 18: Large Scale targets can be defined with limited drilling
Large Scale targets can be defined with limited drilling Example- Crawford Nickel-Cobalt Sulphide Project Main Zone- April 2020 Initial Resource East Zone- Dec 2020 Initial Resource (grew slightly in December 2020 update, then refined (slightly smaller in January 2021 Resource and then in January 20
Slide 19: Acquired Large Scale Targets: massive potential (1 of 2)
Acquired Large Scale Targets: massive potential (1 of 2) Strength of Geotech VTEM System Magnetic Total Magnetic Intensity Intensity (flown by Vendor, May 2008) * Higher Carman Targets Adams-Eldorado Targets Lower For Comparison: CNC’s Crawford Main Zone 360m ↕ 1.8km ↔ North Scale 2km * = komatiitic
Slide 20: Acquired Large Scale Targets: massive potential (2 of 2)
Acquired Large Scale Targets: massive potential (2 of 2) Strength of Geotech VTEM System Magnetic Total Magnetic Intensity Carman Targets 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 2km * = k
Slide 21: Acquired Large Scale Targets: Shaw Dome townships
Acquired Large Scale Targets: Shaw Dome townships ▪ 6 townships make up the Shaw Dome (useful for overlaying other datasets) Deloro Shaw Carman Adams Eldorado Langmuir 21
Slide 22: Acquired Large Scale Targets: OGS interpretation
Acquired Large Scale Targets: OGS interpretation ▪ OGS interpreted large Ultramafic Intrusive Formations, hosting Dunites and Peridotites (purple shade) Deloro Shaw Carman Adams Eldorado Langmuir OGS Interpretation taken from Houlé, M.G. and Hall, L.A.F. 2007. Geological compilation of the Shaw Dome
Slide 23: Acquired Large Scale Targets: UA dataset results
Acquired Large Scale Targets: UA dataset results ▪ 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 UA dataset of Komatiite surface samples- Shaw Dome townships Grade of Surface Carman Township Sample
Slide 24: Post-Transaction: Working on the expanded Land Package
Post-Transaction: Working on the expanded Land Package ▪ Acquisition Land triples the size of the Company’s Land Package: 9,100 hecatres → more than 30K hectares ▪ Exploration team is continuing to compile all of the geological data on the expanded Land Package ▪ Completing a geophysical re-interpre
Slide 25: Why EVNi is Excited About the Shaw Dome
Why EVNi is Excited About the Shaw Dome Location Grade Potential Easy access to Initial Resource on >300 km2 to Timmins – an Langmuir W4 has good explore, more than established mining nickel grade, close to 100 km of camp plus clean, surface. prospective strike, hydro power. Shaw Dome historic Confi
Slide 26: Nickel Project Comparables
Nickel Project Comparables Market Cap, C$ millions $496M High Grade Nickel Low Grade Nickel $314M $270M $143M $124M $22M $8M Company~10 EV Nickel Class 1 Nickel FPX Nickel Legend Mining Legend Mining Centaurus Metals Talon Metals Mawson Jaguar Main Asset / Langmuir Alexo-Dundonald Decar Crawford Tam
Slide 27: Why Invest in EVNI? What's next from here?
Why Invest in EVNI? What’s next from here? • EV Nickel is a great opportunity to participate in the Electric Vehicle boom through a top quality, pick- and-shovel style investment • Prospector Equipment and Supplies → California Gold Boom of the 1840s and 1850s • Clean Nickel → Electric Vehicle Boom
Slide 28: EV Nickel Inc.
EV Nickel Inc. 200-150 King St West, Toronto, ON M5H 1J9, Canada info@evnickel.com
Slide 29: Capital Structure
Capital Structure Capitalization as of April 4, 2022 Ticker TSXV: “EVNI” Share Price $0.25 Founders 9.8M Rogue Resources 6.6M March 2021 Round 6.8M Basic Shares Outstanding IPO Round 7.0M Shaw Dome Acquisition Vendor 2.5M Total 32.7M Market Capitalization $8.2M Total Debt -- Cash & Equivalents ~$3.5
Slide 30: Escrow and Lock-up of Current Shares
Escrow and Lock-up of Current Shares Shareholder Category (Shares) Schedule 10% on the listing date 15% + 6 months (June 3rd) 15% + 12 months Founders & 16.4M 15% + 18 months Rogue Resources 15% + 24 months 15% + 30 months 15% + 36 months March 2021 Round (@ 30 cents) 6.8M Now all Free trading (as o
Slide 31: Management: Track Record of Unlocking Value
Management: Track Record of Unlocking Value Sean Samson - President, CEO and Director Mr. Samson is a mining executive with more than 20 years of management and financial experience. Prior to becoming CEO of Rogue Resources in 2016, he was VP & Head of Corporate Development at FNI Mining for four ye
Slide 32: Board: Deep Regional and Community Representation
Board: Deep Regional and Community Representation Linda Byron - Director Ms. Byron owns Blue Heron Environmental, based in Timmins. Linda is a professional Environmental Scientist with more than 30 years of experience. She has been instrumental in the implementation of Certified Environmental Manage
Slide 33: Langmuir Project: Historic, Current and Future Work
Langmuir Project: Historic, Current and Future Work Complete Future Milestones 2007: 2010: April 2021: June-Sept 2021: 1H 2022: Later 2022: May 2021: Discovery W4 SRK Historical Caracle Phase 1 Drilling Phase 2 Drilling Identified Geophysics Deposit Tech. Report (a) Report (4,192 m) + Met Testing Re
Slide 34: Langmuir W4: 2010 Historical Estimate
Langmuir W4: 2010 Historical Estimate(a) ▪ Approximately 15M lbs of Indicated Nickel in the historic estimate, with high-grade 1.0% Ni(a) ▪ 9,100 Ha of prospective land to explore ▪ Mineralized zone open at depth with excellent exploration potential Grade(a) Metal Quantity Type Category Tonnes(a) Ni
Slide 35: Langmuir Project: May 2021- Geophysics
Langmuir Project: May 2021- Geophysics ▪ EVNi worked with Condor Consulting Inc. of Lakewood, Colorado, to re-process geophysical surveys from the historic exploration. The work Identified: The W4 Zone 16 6 + Electro-magnetic (“EM”) High Priority Targets …5 High Priority Targets conductor trends sti
Slide 36: Langmuir Project: Summer 2021- Phase 1 results
Langmuir Project: Summer 2021- Phase 1 results ▪ Very high nickel tenors ranging from 18% to >40% Ni (estimated content of nickel in 100% sulphide) ▪ anticipated to be reflected in concentrate ▪ Total of 20 holes, 4,192m of diamond drilling grades during metallurgical testing ▪ Extremely high-grade
Slide 37: Langmuir Project: This year- Phase 2
Langmuir Project: This year- Phase 2 ▪ Budgeted for 10,000m of diamond drilling ▪ Contracted with Missinaibi Drilling Services ▪ Based in Porcupine, Ontario ▪ First Nations Owned and Operated ▪ Moving on to begin assessing the remaining 5 High Priority Targets, including ▪ TZ-3, located 8.5 km west