Nicola Mining Inc. · TSXV:NIM
Nicola Mining — Investor Presentation (October 2026)
31 slides from Nicola Mining's investor presentation, October 2026
Slide 1: New Craigmont Project
NEW CRAIGMONT PROJECT Newly Discovered Copper Porphyry Potential at a Historical Mine October 2026 Qualified Person The scientific and technical disclosures included in this October 2026 New Craigmont Copper Project presentation have been reviewed and approved by Will Whitty, P.Geo., who is the Qual
Slide 2: Regional Geology
REGIONAL GEOLOGY Shares the regional geologic setting with the Highland Valley Copper District, the largest copper producer in Canada. NASDAQ: NICM | TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF NASDAQ: NICM | TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF
Slide 3: Local Geology
Local GEOLOGY LITHOLOGY Upper Triassic Nicola Group was intruded by Late Triassic Guichon Creek batholith. The western portion is overlain by the Cretaceous Spences Bridge Group. Nicola Group - Rhyolitic to andesitic volcaniclastic rocks - Carbonate-rich sedimentary rocks (limey sandstone and mudsto
Slide 4: New Craigmont
• 1961-1982, 34Mt ore @ 1.28% New Craigmont Cu both from underground The Craigmont Mine has contributed to the and open pit produced at Craigmont. rich history of mining in British Columbia for • Cut-off grade: 1.0-0.7% Cu more than 50 years. • Body No. 3 remains in-situ. • 1993-2014, magnetite prod
Slide 5: Exploration
Exploration The combination of ownership consolidation (Nov. 2015) and receipt of the MYAB Permit (Nov. 2022) allows Nicola to conduct extensive exploration on never-before-drilled targets. EXPLORATION SINCE 2015 HISTORIC EXPLORATION INSIGHTS Skarn Focused • Over 20,000m of diamond drilling • Proper
Slide 6: Cu-Fe Skarn and Porphyry Style Mineralization
Epidote Mineralization (Replacement of garnet) Approximately two-thirds of the Craigmont ore body occurs within CU-FE SKARN skarn, hosted by limey sandstone and limey siltstone of the Nicola Group, confined to a narrow, steeply south-dipping zone. Actinolite & chlorite The remaining ore is hosted by
Slide 7: Skarn Grades
Skarn Grades High-grade copper-skarn mineralization has been found near the historic Craigmont Mine and in the newly established Embayment Zone. R E C E N T DRILLING HIGHLIGHTS FROM SKARN MINERALIZATION DDH-THU-002: 85.9m @ 1.11% Cu Sep 7, 2016, news release S-100: 116.7m @ 0.54% Cu (re-sampling) Ja
Slide 8: The Craigmont Question
The Craigmont Question • Cu-Fe skarn deposit: 36.75 Mt of ore at 1.28% Cu • Located at southern contact of calc-alkalic Guichon Creek Batholith and Nicola Group • Hosts Highland Valley porphyry Cu-Mo district • Previously thought to be the result of remobilization of metals in pre-enriched Nicola Gr
Slide 9: Sillitoe, 2010
Sillitoe, 2010 • Despite the hematite- magnetite transition, the overall Craigmont skarn assemblage is oxidized • Border Phase diorite (edge of batholith) was observed to be in contact with both actinolite- epidote and garnet-bearing skarn • BUT a clear spatial correlation between massive, barren ga
Slide 10: Field Evidence of a Porphyry Cu-Mo System
Field Evidence of a Porphyry Cu - Mo System B veins DR-25-001, 321.5 m Molybdenite with chalcopyrite DR-25-001, 281 m High-temperature grey quartz–chalcopyrite vein, potassic (K- Points to proximity to the porphyry core or thermal centre Feldspar) selvage Bornite after chalcopyrite WP-25-005, 199 m
Slide 11: Porphyry Copper Indicators Discovered
Porphyry Copper Indicators Discovered • NC23-005 and NC23-006 revealed extensive potassic and propylitic alteration, along with chalcopyrite veinlets in the Guichon Creek Quartz Diorite. Never-before observed molybdenite coinciding with chalcopyrite was found in the Guichon Creek Quartz Diorite alon
Slide 12: Porphyry-Type Alteration
Porphyry - Type Alteration All four porphyry alteration types occur Propylitic epidote-chlorite Most common type: epidote-chlorite patches in drill core Phyllic chlorite-sericite-pyrite±quartz Weak sericite on feldspar phenocrysts and vein halos; no K response in microXRF Sodic-calcic epidote-albite
Slide 13: Propylitic and Phyllic Alteration
Propylitic and Phyllic Alteration Propylitic: epidote-chlorite Phyllic: chlorite-sericite-pyrite±quartz BPCR0064 (outcrop) BPCR0068 (73.1m) 2 km 2 km Zoomed View of Craigmont Mine Area Zoomed View of Craigmont Mine Area BPCR0064 (outcrop) BPCR0068 (73.1m) • Most common alteration: epidote-chlorite p
Slide 14: Sodic-Calcic and Potassic Alteration
Sodic - Calcic and Potassic Alteration Sodic-calcic: epidote-albite±K-feldspar Potassic: K-feldspar-sericite±biotite biotite tourmaline K-feldspar BPCR0265 (130.4m) Ca K Fe S • Epidote-albite patches with albitic halos K-feldspar vein textures not obvious in hand sample • Outcrop sample BPCR0205, We
Slide 15: Epidote Mineral Chemistry Vectoring
Epidote Mineral Chemistry Vectoring Epidote chemistry fingerprints a porphyry source and points to its centre 1 How it works • Epidote grows from the hydrothermal fluid and traps its trace elements; their levels change with distance from a porphyry centre 2 What we found • Samples plot in the porphy
Slide 16: Exploration Potential
Exploration Potential Draken Target: Ongoing Vectoring 2023 2025 2026 Soils, Surface veins 3 holes, MobileMT, found ~1,500 m SWIR Bornite ± chalcopyrite ± magnetite: high-temperature hypogene copper (DR-25-001, 111.45m) What the 2025 core shows • Porphyry-style alteration: quartz–epidote–K-feldspar
Slide 17: 2026 Diamond Drilling
2026 Diamond Drilling Jotun Target: From ZTEM Anomaly to JT-26-001 (840 m) Figure 1: Jotun ZTEM Resistivity Anomaly Plan view of the anomaly beneath the Guichon Batholith (left) and the ZTEM resistivity high at 1,000 m depth relative to the historical pit and section A-A’ (right), with JT-26-001 col
Slide 18: Draken 2026 MMI Soil Survey
Draken 2026 MMI Soil Survey Targeting Under Cover Cu Mo • 2026: MMI soil sampling over the 4 × 2.5 km Draken grid (May 2026, analysed by SGS Canada). • Mapped Cu, Mo, Au, Ag, Zn and U, plus potassic and phyllic alteration indices. Au K-alt • MMI detects metal ions released from buried mineralization
Slide 19: MobileMT Survey
2026 MobileMT Survey Mapping Structure Under Cover Surface • May 9–19, 2026: helicopter-borne MobileMT EM and magnetic survey by Expert Geophysics: 1,497 line-km over 134 km², N–S lines at 100 m. • Goal: map bedrock structure, lithology and possible alteration under the thick gravel cover that hides
Slide 20: Thermal Vectoring
Thermal Vectoring A Zn-Mn-Ca halo and white-mica chemistry give the first thermal vectors to Cu Geochemistry (ALS GeoAnalytics) White-mica SWIR (Halo TerraSpec) ◄ Hotter, proximal Cooler, distal ► Zn-Mn-Ca halo Zn, Ca and Mn rise in a ~100 m halo before Cu grade increases Paragonitic Muscovite Pheng
Slide 21: Historic Dump Resource Estimation
Historic Dump Resource Estimation A Technical Report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101“) supporting the Inferred Copper Resource for the Southern Dump and 3060 Portal Dump1. The Company plans to conduct additional test
Slide 22: Exploration Upside
Exploration Upside Porphyry Potential Right setting Skarn link Multiple targets Quesnel Terrane, Guichon–Nicola High-grade Cu skarn and surface Cu Generated from geophysics and contact, near the Lornex Fault and showings, typical of porphyry surface mapping Highland Valley systems Largely undrilled
Slide 23: Exploration Upside
Exploration Upside Other Value-Adding Factors Dump resource Single database Major Mine permit Freehold land Upgrade by sorting and Compile and validate all Covers current and future Around the current mill, characterizing the fine data for 2D/3D models operations around the zoned for industrial use
Slide 24: Treasure Mountain Project
TREASURE MOUNTAIN PROJECT 100% owned historic high-grade Ag-Pb-Zn mine with a valid mining permit and significant exploration upside. October 2026 Qualified Person The scientific and technical disclosures included in this October 2026 Treasure Mountain Project presentation have been reviewed and app
Slide 25: Treasure Mountain Project
TREASURE MOUNTAIN PROJECT 100% tenure ownership of ~2,200 ha property located 90-minute (by truck) south of Nicola’s Merritt Mill. Excellent regional infrastructure (access through Coquihalla Highway and seasonal roads, ~28 km from grid power). Coquihalla Highway Portal 1 Portal 2 Portal 3 Jensen Po
Slide 26: Treasure Mountain 2026 Drilling
Treasure Mountain 2026 Drilling First Drill Test of the MB Zone • Four holes at the MB Zone, about 1 km northwest of the historic mine; the zone has never been drilled. • Holes test NE–SW quartz-sulphide veins exposed at surface along the valley. • Target is high-grade Ag-Pb-Zn like the historic min
Slide 27: Treasure Mountain First Core
Treasure Mountain First Core Intense Mineralization Seen • Core from the first hole, TM26-001, shows intervals of intense mineralization. • Visual estimates are not assay results. Core is being sampled for multi-element analysis at AGAT Laboratories. • Results will be reported after receipt, verific
Slide 28: Dominion Creek Project
DOMINION CREEK PROJECT Hosts high-grade Au-Ag system. 10,000-tonne bulk sample program. Mine development commenced in July 2026 -full extraction to commence in July 2027 October 2026 Qualified Person The scientific and technical disclosures included in this October 2026 Dominion Creek Project presen
Slide 29: Dominion Creek Project
DOMINION CREEK PROJECT Deal 75% economic interest: 50% of the land plus a 50% Mining and Milling Profit Share on the first 10,000 t; 100% Nicola after that Partner High Range Exploration Ltd. (JV); ore processed at the Merritt Mill Site Property 8 contiguous claims, ~1,040 ha, central B.C.; ~43 km N
Slide 30: Dominion Creek Sampling
DOMINION CREEK SAMPLING 2026 rock samples returned up to 70.67 g/t Au Operation Qtz vein with Gn mineralization Massive Galena TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF 30
Slide 31: Corporate & Investor Contact
Corporate & Investor Contact Bill Cawker Email: info@nicolamining.com Phone: 604-649-0080 NICOLAMINING.COM NASDAQ: NICM | TSX.V: NIM | FSE: HLIA | OTCQB: HUSIF