Fathom Nickel, Inc. · CSE:FNI
Fathom Nickel — Investor Presentation (February 2025)
32 slides from Fathom Nickel's investor presentation, February 2025
Slide 1: Securing North American Supply of Critical Minerals
Securing North American Supply of Critical Minerals Emerging Magmatic Nickel Sulphide District Saskatchewan Canada CSE:FNI FSE:6Q5 OTC:FNICF Corporate Presentation February 2025 | 1
Slide 2: Notice To Reader
Notice To Reader Certain information set forth in this presentation contains “forward-looking Although forward-looking statements contained in this presentation are based information”, including “future oriented financial information” and “financial upon what management of Fathom believes are reason
Slide 3: Nickel Fundamentals
Nickel Fundamentals 2025 Nickel Outlook • Indonesian supply under pressure • Reports indicating up to 40% reduction in supply in 2025 to support Ni price • Continuing social, environmental issues and pressures in SE Asia • Indonesia importing lower grade Ni from the Philippines • 2025 spot Ni price
Slide 4: Company Snapshot
Company Snapshot • Trading well below true value • Cash Balance of ~ $550,000 Share Structure and Capitalization (as January 17, 2025) Share Price – 12 months (as of January 17, 2025) Shares % $0.25 Management & Insiders 9,306,775 6.2% Institutional (est.) 42,900,000 28.4% $0.20 Retail (est.) 98,779
Slide 5: Fathom Projects Geological Setting
Fathom Projects Geological Setting Located in the Trans Hudson Orogen, host to numerous world-class mining camps Deposit Project Owner Commodity Status Type Ni-Cu-Co+3E Past Producer Albert Lake Au Exploration Gochager Fathom Magmatic Historic Resource 1 Lake Nickel Sulphide Ni-Cu-Co±3E Exploration
Slide 6: Fathom Nickel Portfolio
Fathom Nickel Portfolio Albert Lake • 3 very prospective Ni-Cu+PGE projects (120,000 + ha) Southend • Friesen Lake staked June 2024 – no exploration to date • New gold discovery at Albert Lake Friesen Project Lake • Developing gold interest in region • 100% ownership Gochager Lake Missinipe La Ronge
Slide 7: Gochager Lake Project
Gochager Lake Project CSE:FNI FSE:6Q5 OTC:FNICF Corporate Presentation February 2025 | 7
Slide 8: Gochager Lake Project
Gochager Lake Project Gochager Lake Deposit • >23,000 hectares • Historic Gochager Lake Ni-Cu deposit • Mal Lake Ni occurrence • Borys Lake VMS historic deposit drill indicated reserve Historic Gochager Lake Deposit Misunderstood? • Very significant Cobalt credit overlooked Gochager Lake • Vertical
Slide 9: History of Gochager Deposit
History of Gochager Deposit • Estimated 149 drillholes, ~27,000 meters drilled • Historic resource 4.3M tons @ 0.295% Ni, 0.08% Cu* deemed insufficient grade and tons to mine • Higher grade section 1.7M tons @ 0.735% NiEq* (nickel equivalent Ni-Cu; no cobalt) • Historic drillhole I-12 (1967): • 290.
Slide 10: Recent Exploration
Recent Exploration Winter 2023 Drilling • 2 drillholes completed in immediate Gochager Lake deposit area Inset Map A to confirm mineralization in historic drilling • First hole GL23003 intersected 55.45m @ 1.54% Ni, 0.39% Cu, 0.12% Co • BHEM surveying of modern & historic drillholes Gochager Deposit
Slide 11: Recent Exploration Highlights
Recent Exploration Highlights Gochager Lake Deposit Long Section Fathom Drilling From To Length Ni Cu Co NiEq Drillhole (m) (m) (m)* wt % wt% wt % %** GL23003 93.50 207.15 113.65 0.87 0.22 0.07 1.10 125.80 181.25 55.45 1.54 0.39 0.12 1.95 Including 125.80 147.65 21.85 2.26 0.50 0.17 2.82 GL23005 75.
Slide 12: Geochemical Classification of Stratigraphy
Geochemical Classification of Stratigraphy GL24012 Geochem GL24013 Geochem GL24015 Geochem Lith Lith Lith Lith Lith Lith Logged Cr Mg Al Cr x Mg Ni Logged Cr Mg Al Cr x Mg Ni Logged Cr Mg Al Cr x Mg Ni Al Al Al Drillhole Strip Logs: Norite • High chrome (Cr), elevated magnesium (Mg) defines Variable
Slide 13: Gochager Mineralization
Gochager Mineralization GL23008 3.25% Ni, 0.26% Cu, 0.11% Co GL23008 Massive Sulphide Vein sharp contact with variable-texture gabbro: pyrrhotite with pentlandite-chalcopyrite loops GL23003 140.15-142.3m: 2.84% Ni, 0.68% Cu, 0.21% Co / 2.8m GL23003 Semi-Massive Sulphide Breccia pyrrhotite-pentlandit
Slide 14: Gochager Mineralization
Gochager Mineralization Classic sulphide droplet in pyroxenite Breccia sulphide in contact with variable-texture gabbro GL23010 GL24013 61.5m 354.75m 0.44% Ni, 0.13% Cu, 0.03% Co 2.66% Ni, 0.41% Cu, 0.20% Co GL24016 GL24013 141.5m 354.87m 0.18% Ni, 0.08% Cu, 0.001% Co 2.66% Ni, 0.41% Cu, 0.20% Co Di
Slide 15: Gochager Mineralization
Gochager Mineralization GL24013 365.65m Coarse-grained Fine-grained gabbro Fine-grained gabbro 2 cm gabbro clast Stringer and semi-massive sulphide associated with coarser-grained phases within variable-texture gabbro Predominantly pyrrhotite-pentlandite with occasional chalcopyrite-rich zones GL240
Slide 16: Geological Cross-Section
Geological Cross-Section Exploration Target – the “Container Rock” Variable-Texture Gabbro (Container Rock) Disseminated Sulphides Breccia Sulphide Lenses NNW Semi-massive Sulphide Breccia Variable-Texture Gabbro Mineralized SSE Gochager Lake Deposit • Drilling to date defines dyke-like, chaotic and
Slide 17: Gochager Expanded Footprint
Gochager Expanded Footprint GL23011 NNW Gochager Lake Deposit SSE pXRF chip/grab samples with >3% Ni-tenor • High Cr-Mg variable-texture gabbro (VTG) occurs a minimum of 600m along strike of the historic Gochager Lake deposit and very prospective • Mineralized pyroxenite north of deposit unexplored
Slide 18: Gochager Expanded Footprint
Gochager Expanded Footprint Soil Geochemistry – Ni (ppm) Drone Magnetics - TMI Linear MAG trend coincident with Ni-Cu-Co+Cr-Mg in soil Gochager Lake Deposit Gochager Lake Deposit Linear MAG trend coincident with linear + 500m Ni-Cu-Co+Cr-Mg Prominent MAG high coincident in soil with Ni-Cu-Co+Cr-Mg L
Slide 19: Regional Conduit – Exploration Potential
Regional Conduit – Exploration Potential Gochager Lake Deposit Gochager Lake Deposit Interpreted Regional Shear (Conduit) Interpreted Regional Shear (Conduit) • Ni in-soil, DroneMAG anomalies confined to interpreted regional shear • Interpreted regional shear a mechanism / conduit for intrusion of N
Slide 20: Geology Model
Geology Model Idealized Magmatic Plumbing System • Slowdown in magma emplacement rate After Barnes et al. 2015: The mineral system approach applied to magmatic Ni–Cu–PGE sulphide deposits • Increase in density due to lagging of suspended sulphide/phenocryst load • Backflow of magma down feeder dyke
Slide 21: Conceptual Analogue – Voisey's Bay – Clustering of Deposits
Conceptual* Analogue – Voisey’s Bay – Clustering of Deposits *The purpose of the following slides is to draw a “conceptual” comparison between the Gochager Lake deposit geologic setting and Vale’s multiple deposit geologic setting at Voisey’s Bay Labrador Canada. The comparison of Gochager & Voisey’
Slide 22: Conceptual Analogue – Voisey's Bay – Clustering of Deposits
Conceptual* Analogue – Voisey’s Bay – Clustering of Deposits GL23011 Gochager Lake Deposit pXRF/grab smpls. (10) with >3% Ni-tenor • Historic Gochager Lake deposit comprised of disseminated and vein sulphides in variable-texture gabbro (the “container rock”), a dyke-like feature • 2024 mapping, conf
Slide 23: Mineralization Beyond Gochager Lake Deposit
Mineralization Beyond Gochager Lake Deposit Borys Lake VMS-style Deposit • 1972 drill indicated resource: 1,336,500 tons 1.74% Zn, 0.17% Pb* Soil Geochemistry • 2019 drilling: 27m @ 4.84% Zn+Pb & Drone Magnetics Extents Mal Lake Ni Occurrence • 10km SE of Gochager Lake deposit Gochager Lake • 1967 d
Slide 24: Gochager Q1 2025 Exploration
Gochager Q1 2025 Exploration Soil Geochemistry – Ni (ppm) Drone Magnetics - TMI Gochager Lake Deposit Gochager Lake Deposit • Q1-25: Line-cutting surface TDEM survey • Define conductors associated with coincident Ni-in soil / DroneMAG anomalies CSE:FNI FSE:6Q5 OTC:FNICF Corporate Presentation Februa
Slide 25: Albert Lake Project
Rottenstone Mine Operation circa 1965 Albert Lake Project CSE:FNI FSE:6Q5 OTC:FNICF Corporate Presentation February 2025 | 25
Slide 26: Albert Lake Project
Albert Lake Project Albert Lake Historic Rottenstone Mine • In production 1965 – 1969 • 28,724 tons extracted from estimated 50,000 tons; grading 3.28% Ni, 1.83% Cu, 9.63 g/t Pd-Pt+Au (3E)* The Bay-Island Trend • New Ni-Cu-PGE discovery • Mineralization 300+ meter Ni-Cu-PGE corridor Nic5 – Tremblay-
Slide 27: Albert Lake Project Overview
Albert Lake Project Overview Rottenstone Deposit / Mine (MET772134) • Assayed 4.08% Ni, 1.38% Cu, 0.09% Co, 10.50 g/t Bay-Island PGE+ Au* Trend • Excellent Metal recovery >90% base metal >80% AL22052 precious metals** • Ni-tenor 10.07% Rottenstone • AL21024 – 1.06% Ni, 0.88% Cu, 4.36 g/t 3E / Deposi
Slide 28: Albert Lake Project Overview
Albert Lake Project Overview 2018-2022 Fathom Soil Geochemistry • 8km Ni-in soil trend The Dime through north end Rottenstone Lake • Prominent Ni-in soil trend southeast Kenyon Lake • Individual soil sample results include: Rottenstone Lake • Up to 743ppm Ni; Nic5 – Tremblay-Olson • Up to 547ppm Cu;
Slide 29: Albert Lake South – Gold Zone
Albert Lake South – Gold Zone • Ramp Metals Inc. Ranger-001 discovery drillhole – 73.55 g/t Au / 7.5m • Fathom; 144 outcrop grab samples collected August 6-12, 2024, along strike of Ranger-001 in a structurally complex area as defined by Gradient MAG survey flown by Fathom in 2022 • New Gold Zone di
Slide 30: Milestones – 2025 Outlook
MILESTONES – 2025 OUTLOOK Gochager Lake Project: 2025 Exploration – Corporate Outlook: • Expanded historic Gochager Lake deposit significantly to depth and along strike • Exploration success in 2024 led to two separate 3rd – party Confidentiality • Defined geologic controls and recognized very signi
Slide 31: Management and Board
Management and Board Ian Fraser Doug Porter CEO, VP Exploration, Director President, CFO, Director • Co-founder of Fathom Nickel, 35+ Years of • Senior financial and accounting executive mineral exploration, managing and executing with specific emphasis in resource company exploration programs in Ca
Slide 32: Contact
Ian Fraser CEO, VP Exploration, Director ifraser@fathomnickel.com (403) 650-9760 Doug Porter President, CFO, Director dporter@fathomnickel.com (403) 870-4349 CSE:FNI FSE:6Q5 OTC:FNICF Corporate Presentation February 2025 | 32
Fathom Nickel — Investor Presentation (February 2025) on 6ix