Ev Nickel Inc. · TSXV:EVNI
Ev Nickel — Investor Presentation (January 2023)
32 slides from Ev Nickel's investor presentation, Jan 16, 2023
Slide 1: Clean Nickel from Ontario's Shaw Dome
Clean NickelTM from Ontario’s Shaw Dome High-Grade and Large-Scale Tracks to Growth plus Integrated Carbon Capture & Storage January, 2023 Accelerating the Clean Energy Transition 1
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 Global Nickel Market Actual Forecast Mtpa 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 ▪ Historic gold mining district, well developed services, 20 mines and advanced development projects ▪ Served by clean hydro power ▪ <1,000km to Windsor / Detroit Shaw Dome Project ▪ Within 50km of Timmins ▪ >30K H
Slide 8: Langmuir W4: 2010 - Historical Mineral Resource
Langmuir W4: 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 de
Slide 9: Langmuir W4: Summer 2021 - results
Langmuir W4: Summer 2021 - results ▪ Highlight from EV21-01 ▪ 17.6% Ni over ~17cm ▪ Pentlandite Note: for further information, please consult the December 8, 2021 News Release. 9
Slide 10: Langmuir W4: 1H 2022 - results, New W4 Extension
Langmuir W4: 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.
Slide 11: 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 12: Shaw Dome 3D Map created from VTEM, EM and Magnetics Survey data
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 12
Slide 13: 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 14: Groves: New High-Grade Ni-Cu Zone South of Shaw Dome
Groves: New High-Grade Ni-Cu Zone South of Shaw Dome ▪ EVNi acquired the Groves Project in April 2022, located 80 kms southwest of the Shaw Dome. ▪ Exploration last year was focused on field work plus compiling historic results from Groves’ Mathu showing. ▪ EVNi reports assay results from 2022 surfa
Slide 15: 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 15
Slide 16: 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 17: Large-Scale: Summer 2022 Drilling- CarLang
Large-Scale: Summer 2022 Drilling- “CarLang” ▪ 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 Zone 360m
Slide 18: Large-Scale Targets: Phase 3 Drilling- CarLang A Zone
Large-Scale Targets: Phase 3 Drilling- “CarLang A Zone” Summer 2022 8,295m, 28 Drill Holes Completed Drill Holes (Most Recent Results) Completed Drill Holes (Previous Results) Completed Drill Holes (Assays Pending) EVNI Surface Sample Currently Reported Drill Results Drilled Drill Hole Ni (wt%) Leng
Slide 19: 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 20: 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 21: 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 22: 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 Carbon Capture & Zone Resource Resource * results Storage results 2H Advancing each
Slide 23: Stock Performance- sets up current opportunity
Stock Performance- sets up current opportunity Dec 2021 IPO at 75 cents 23
Slide 24: Capital Structure
Capital Structure Capitalization as of January 15, 2023 High-Grade Met Holes (?) TSXV: Ticker “EVNI” 3x Confirmed Confirmed Share Price $0.11 Land “W4 “CarLang A Pkg Extension” Zone” Basic Shares Outstanding: Founders 9.8M Rogue Resources 6.6M March 2021 Round (@ $0.30) 6.8M Dec 2021 IPO Round (@ $0
Slide 25: Great Quote: I think my stock is currently overvalued
Great Quote “I think my stock is currently overvalued.” -No Junior Mining CEO, ever 25
Slide 26: Nickel Project Comparables
Nickel Project Comparables Market Cap, C$ millions High Grade Nickel Low Grade Nickel $405M Both, 2 Tracks $202M $99M 2 tracks now? $6M $20M Company EV Nickel Class 1 Nickel FPX Nickel Legend Mining Talon Metals Main Asset / Langmuir Alexo-Dundonald Decar Crawford Tamarack Location (ON, Canada) (ON,
Slide 27: EV Nickel Inc.
EV Nickel Inc. 200-150 King St West, Toronto, ON M5H 1J9, Canada info@evnickel.com TM
Slide 28: 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 29: Langmuir W4: Summer 2021 - results
Langmuir W4: Summer 2021 - 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 nickel assoc
Slide 30: Langmuir W4: 1H 2022 Drilling- new discovery zone
Langmuir W4: 1H 2022 Drillng- new discovery zone ▪ Drilling from the North Side of the River, improved orientation to the mineralization ▪ Sections were drilled at 50m spacing, to initial understanding ▪ Completed 17 holes for 5,226 metres (including the samples for metallurgical analysis) ▪ Primary
Slide 31: 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 32: Large-Scale targets can be defined with limited drilling
Large-Scale targets can be defined with limited drilling “The World’s Largest Nickel Sulphide Example- Crawford Nickel-Cobalt Sulphide Project Discovery since the 1970s” -CNC Main Zone- April 2020 Initial Resource East Zone- Dec 2020 Initial Resource (grew slightly in December 2020 update, then refi