Fathom Nickel, Inc. · CSE:FNI
Fathom Nickel — Investor Presentation (June 2021)
32 slides from Fathom Nickel's investor presentation, Jun 10, 2021
Slide 1: Fathom Nickel
Fathom Nickel June 2021 High-Grade Nickel Sulfide Exploration in Canada
Slide 2: Notice to Reader
Notice to Reader Certain information set forth in this presentation contains “forward-looking information”, including Although forward-looking statements contained in this presentation are based upon what “future oriented financial information” and “financial outlook”, under applicable securities la
Slide 3: Corporate Highlights
Corporate Highlights Nickel demand expected to expand 125% from 2.0 million tonnes annually in 2020 to over 4.5 million tonnes in 2030 Secular Bull Market Demand for Class 1 Nickel further underpinned by growing penetration of electric vehicles which is expected to account in Nickel for 59% of N
Slide 4: Fathom Nickel Timeline Highlights
Fathom Nickel Timeline Highlights Acquired Albert Winter Exploration Go-Public MAG Q1 2021 Exploration Lake Project Program Financing Survey Program Results Acquisition of 34,395 Ha. Commenced Winter 2021 Completed upsized Property wide heliborne Confirmed Rottenstone Albert Lake property Drill Prog
Slide 5: Nickel Fundamentals
Nickel Fundamentals Fathom Nickel | 5
Slide 6: Attractive Nickel Fundamentals
Attractive Nickel Fundamentals Nickel Pricing 2010 – 2021 $USD EV’s Driving Nickel Demand $30,000 “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.” $25,000 – Elon Musk, Tesla Earnings Call
Slide 7: Global Nickel Resources Estimated at 300 million Tonnes
Global Nickel Resources Estimated at 300 million Tonnes Nickel Sulphides Nickel Laterites South Africa 30% Indonesia 19% Australia 18% All Other Global Supply Countries Global Supply 118 M Metric Canada All Other 178 M Metric 21% 20% Tonnes Countries Tonnes Philippines 40% 28% 60% 10% Cuba 9% Austra
Slide 8: Unique Mineralization for Green Economy
Unique Mineralization for Green Economy Metal Unit Price (USD) Grade Units Usage Nickel (Ni) lb $7.24 3.23 % Primary element in creation of EV batteries Copper (Cu) lb $4.27 1.83 % Main electrical conductor in renewable assets Essential in storing energy for renewable Cobalt (Co) lb $22.60 0.10 % en
Slide 9: Albert Lake Project Overview
“Best place to find a new mine is in the shadow of an old one” Albert Lake Project Overview Fathom Nickel | 9
Slide 10: History of the Albert Lake Project
History of the Albert Lake Project Rottenstone Mine Deposit was initially drilled 1929, high-grade Ni-Cu; 2% Very intermittent exploration 1929 – 1960 Original historic resource estimate (1946) 45,000 t of 2% Ni, 1% Cu 5.5 g/t Pd-Pt + rhodium* 1970-1998 limited exploration Albert Lake Proj
Slide 11: Albert Lake Property’s Geological Setting
Albert Lake Property’s Geological Setting Trans Hudson Lynn Lake (Ni) Corridor Albert Lake (Ni) ` Thompson (Ni) Seabee (Au) Snow Lake (VMS, Au) Flin Flon (VMS, Au) Host to numerous world-class Nickel mining camps including Thompson Nickel Belt (operating) Lynn Lake; and, Raglan Nickel Belt (
Slide 12: Historic Rottenstone Mine
Historic Rottenstone Mine Mining Operation circa 1965 Rottenstone Mine was an open pit mine (1965 – 1969) 26,000 tonnes mined of a reported 45,400 to 54,400t resource* Concentrate transported to INCO refinery Copper Cliff, ON Average reported grade: 3.23% Ni 1.83% Cu 9.63 g/t Pt, Pd +
Slide 13: Rottenstone – A Raglan-Like Model; Necessary Plumbing In Place?
Rottenstone – A Raglan-Like Model; Necessary Plumbing In Place? Small Isolated Magmatic Ni Showing - Raglan The “Hill of Rottenstone” – Small Isolated Magmatic Ni Showing – Rottenstone (1960) Raglan Discovered in 1930’s – surface exposure Rottenstone Discovered 1928 – 1929 – surface exposure C
Slide 14: Confirmed Extension of Historic Rottenstone Mine
Confirmed Extension of Historic Rottenstone Mine 1960 MAG Survey on 1957 Air Photo From Pd+Pt Drillhole ID To (m) Width (m)* Ni % Cu % (m) (g/t) 60-02 1.83 6.10 4.27 3.05 1.39 7.22 60-03 3.08 13.78 10.70 1.95 1.26 Including 8.38 13.78 5.40 Rottenstone 2.68 1.79 Mine 9.98 60-08 6.10 10.85 4.75 1.21 1
Slide 15: MAG Survey Points To High Quality Targets For Summer Drilling
MAG Survey Points To High Quality Targets For Summer Drilling Analytical Signal (AS) from 2021 heli-gradient MAG survey Significant MAG-high remaining at associated with historic Rottenstone deposit South-southwest extension of Rottenstone deposit confirmed by Fathom drill programs Very simila
Slide 16: Albert Lake Exploration Update
Albert Lake Exploration Update Fathom Nickel | 16
Slide 17: Q1 2021 Exploration Program – Nine holes - 1,232 meters
Q1 2021 Exploration Program – Nine holes - 1,232 meters Objectives Status Outcome Confirm the Extension of the Historic Rottenstone Drilling Deposit to the south and Complete southwest Identify new mineralized ultramafic deposit at Drilling depth in the Island Complete Showing Area Test source of ul
Slide 18: Q1 2021 Exploration Program – Highlights
Q1 2021 Exploration Program – Highlights Drilling confirms Rottenstone Extension incl. 18.1 g/t Pt over 1.01m (7.22% NiEq) a min 40m SW extension and remains open to the south Drilling intersected significant ultramafic AL21021 9.23m of: mineralization; representing a new 0.20% Ni, 0.11% Cu, dis
Slide 19: Q1 2021 Exploration Program – Select Results
Q1 2021 Exploration Program – Select Results Width PGE HoleID From (m) To (m) Ni% Cu% Co% Pd g/t Pt g/t Pd+Pt g/t NiEq*** (m)* g/t** FMRS16-001 6.76 11.16 4.40 1.02 0.06 0.03 0.96 0.42 1.38 1.69 Q1-2021 drilling has confirmed additional Including 7.50 9.50 2.00 1.47 0.98 0.05 1.48 0.34 1.82 2.93 R
Slide 20: Q1 2021 Exploration Program – Implications / Take Aways
Q1 2021 Exploration Program – Implications / Take Aways Previously unrecognized Rottenstone-type mineralization remaining south and southwest of the historic mine Improved geological understanding of “Rottenstone type deposit” Higher grade mineralization is enveloped by lower grade mineralizat
Slide 21: Q1 2021 Exploration Program – Island Showing Area Discovery
Q1 2021 Exploration Program – Island Showing Area Discovery BHEM conductor points to increased mineralization to the South Fathom Nickel | 21
Slide 22: Exploration Program - 2021
Exploration Program - 2021 Exploration Program - 2021 Drilling 1,232 mts Heli-MAG 9000 l-km Data interpretation Heli-EM Survey 1000 l-km Drill Results Discovery & extension Surface exploration focused on Field Exploration definition and refinement of drill targets, finding new drill targets Drilling
Slide 23: Corporate Info
“Best place to find a new mine is in the shadow of an old one” Corporate Info Fathom Nickel | 23
Slide 24: Best-In-Class Leadership Team
Best-In-Class Leadership Team Brad Van Den Bussche, P.Geol – President & CEO, Director John Morgan – Director Co-founder of Fathom Nickel, with 35 years of geology, Senior mining executive with a B. Sc. Geology from the mineral exploration and management experience in Canada University of Britis
Slide 25: Attractive Grades Relative to Ni Industry Producers and Explorers
Attractive Grades Relative to Ni Industry Producers and Explorers Rottenstone Historic Mine Grade Compared to Current Ni Producers and Explorers Producers Exploration Fathom Glencore Vale Waterton Nickel Creek Platinum Canada Nickel Norilsk Ore Historic Rottenstone Raglan Ore Voisey’s Bay Ore Dumont
Slide 26: Capitalization Structure
Capitalization Structure Current Cap Table Shares % Management & Insiders 6,665,562 11.8% Investors - Retail 24,102,831 42.8% Investors - Institutional 14,543,000 25.8% Total Basic Shares Outstanding 45,311,393 80.5% Management & Insider Options 3,000,000 5.3% Broker Options 1,071,699 1.9% Warrants
Slide 27: Global Nickel Exploration Peers
Global Nickel Exploration Peers Junior Nickel Exploration Companies Enterprise Global Average Company Ticker Share Price Shares OS Value Resource Grade C$M M lbs NiEq % NiEq Talon Metals TLO $0.67 682.36 $457.18 797.4 3.26% Canada Nickel CNC $3.56 85.23 $303.43 10,299.7 0.36% Legend Mining ASX:LEG $
Slide 28: Appendix
Appendix Fathom Nickel | 28
Slide 29: Historic Rottenstone Mine Open for Expansion
Historic Rottenstone Mine Open for Expansion 2008 VTEM CVG BHEM off-hole MAG signature very strong at edge of Rottenstone pit Conductor @ 185m Drilled 3 holes 30-40m south and intersected with Ni Rottenstone Mine grades between 1.1 - 2.5% Rottenstone Mine Favourable MAG dimensions: ~ 300m x ~
Slide 30: Historic Metallurgy High-Grade Nickel Sulphide and Platinum Group Elements
Historic Metallurgy High-Grade Nickel Sulphide and Platinum Group Elements 2017 Metallurgical Study Metal Breakdown (April 2021) Metal Price (US$) % g/t Ni 7.24/lb 3.28 Cu 4.27/lb 1.83 Co 22.60/lb 0.097 Pt 1,212/oz 4.70 Pd 2,790/oz 3.90 Processed 23.75kg Rottenstone Matrix Type Mineralization Rh 2
Slide 31: Nickel in EV Battery Technologies
Nickel in EV Battery Technologies Why Nickel for EV Batteries? Ni Use in EV Batteries New efforts underway to tweak battery Two types of lithium-ion batteries dominate EV batteries – chemistry from 33% Ni to 80% Ni Nickel-Manganese-Cobalt (”NMC”) and Nickel-Cobalt- Battery Present day batterie
Slide 32: Thank You.
Thank You. For more Information, please contact: Brad Van Den Bussche Manish Grigo CEO, Director Corporate Development bvanden@fathommnickel.com mgrigo@fathommnickel.com