Class 1 Nickel & Technologies Ltd. · CSE:NICO
Class 1 Nickel & Technologies — Investor Presentation (October 2024)
34 slides from Class 1 Nickel & Technologies's investor presentation, Oct 24, 2024
Slide 1: Reactivating Past-Producing Nickel Assets Through Modern Exploration
Reactivating Past-Producing Nickel Assets Through Modern Exploration Q4-2024 CSE: NICO | OTCQB: NICLF
Slide 2: Disclaimer
CSE: NICO | OTCQB: NICLF Cautionary Statements Concerning Forward-Looking Statements Cautionary Note to U.S. Readers Regarding Estimates of Mineral Resources This presentation (“Presentation”) is being issued by Class 1 Nickel and Disclaimer Technologies Limited (the “Company”) for information purpo
Slide 3: Reactivating Past-Producing Nickel Assets Through Modern Exploration
Class 1 Nickel and Technologies Ltd. Reactivating Past-Producing Nickel Assets Through Modern Exploration Class 1 Nickel (CSE: NICO | OTCQB: NICLF) • Two main projects: Alexo-Dundonald (Ontario) & Somanike Project (Quebec). • Both projects have 4 existing typical magmatic massive sulphide nickel dep
Slide 4: A Green Energy Metal Opportunity in Canada
Metal Demands GREEN REVOLUTION Canada’s Critical Minerals for Infrastructure Fund ($1.5B) Battery Industry A Green Energy and Tax Credit offer clear support to accelerate the Metal Opportunity exploration, production 33.3% 33.3% and processing of critical in Canada minerals needed for the 2016 Criti
Slide 5: A Battery Metals Super Province
A HISTORICALLY SIGNIFICANT NICKEL REGION A Battery Metals Super Province 1 5 Alexo-Dundonald, Ontario 2 ✓ High-grade past producing nickel sulphide mine strategically located close to several processing facilities (Strathcona Mill, Sudbury | Kidd Creek, Timmins). ✓ Total Mineral Resources within 4 d
Slide 6: Investment Highlights
CSE: NICO | OTCQB: NICLF Investment Highlights Location & Significant Short-Term Strong Nickel Strong Team Infrastructure Exploration Upside Cash Flow Potential Market Fundamentals ✓ Flagship Alexo-Dundonald ✓ Drilling at both Alexo-Dundonald ✓ Updated MREs (2024) on ✓ Nickel market expected to reac
Slide 7: The Next Chapter
LAST 60 YEARS ✓ Exploration completed in the The Next Chapter 60s. ✓ Shallow drilling to only 200 Historical producing nickel assets offer significant exploration metres. upside and near-term production potential. ✓ Mining at the Marbridge Mine (1962-68), the first nickel Capex-lite Mining sulphide
Slide 8: Driving Canada's Advanced Nickel Explorer
CORPORATE OVERVIEW Driving Canada’s Advanced Nickel Explorer Major Security Holders David Fitch | President & CEO David Crevier | Non-Executive Director Class 1 has a supportive register, including Extensive experience in commercial Partner of the law firm Colby Monet LLP, in Montreal Quebec, he has
Slide 9: Key Management & Independent Consultants
CORPORATE OVERVIEW Key Management & Independent Consultants Alex Beloborodov (P.Geo.) | Exploration Manager Robin Adair (P.Geol.) | Independent Geological Technical Advisor Professional Geologist (OGQ#01220) with 37 years in mineral exploration and Professional Geologist (OGQ#01637) with 13 years of
Slide 10: Alexo-Dundonald Nickel: Timmins Mining Camp, Ontario
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo-Dundonald Nickel: Timmins Mining Camp, Ontario • The Timmins Mining Camp is one of the most prolific mining districts in the world – not only a world-class gold producing area but also host to numerous nickel deposits and past high-grade (>1% Ni) produc
Slide 11: Alexo-Dundonald Nickel: Timmins Mining Camp, Ontario
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo-Dundonald Nickel: Timmins Mining Camp, Ontario • Located about 45 km northeast of the City of Timmins. • Property covers nearly 19 km2. • Hosts four nickel deposits with NI 43-101 defined resources. • Contains multiple high-priority targets (geological,
Slide 12: Phase 1 (2021) Diamond Drilling
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Phase 1 (2021) Diamond Drilling • 20,607 metres in 88 diamond drilled holes from March ALEXO NORTH 2021 to March 2022. • Focused on Alexo North (29), Alexo South (37) and Dundonald South (18). ALEXO SOUTH • Largely tested areas within known mineralization (in
Slide 13: Location of 4 Nickel Deposits & Optimized Pit Shells for Updated Resources
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Location of 4 Nickel Deposits & Optimized Pit Shells for Updated Resources • Updated Alexo South MRE – reported April 24, 2024 • Indicated Resources of 572 kt at 0.61% Ni (7.7M lbs Ni) • Inferred Resources of 125 kt at 0.54% Ni (1.5M lbs Ni) • With only 18% o
Slide 14: Alexo South Updated Mineral Resource Estimate
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo South Updated Mineral Resource Estimate 44% Increase in Indicated Tonnes + 10% Increase in Nickel Pounds; 693% Increase in Inferred Resources + 419% Increase in Nick el Pounds over 2020 Estimates ALEXO SOUTH MINERAL RESOURCE ESTIMATE (1-17) Grade Contai
Slide 15: Alexo North Updated Mineral Resource Estimate
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo North Updated Mineral Resource Estimate 63% Increase in Indicated Tonnes + 8% Increase in Nickel Pounds; 100% Increase in Inferred Tonnes + 100% Increase in Nickel Pounds Over 2020 Estimate ALEXO NORTH MINERAL RESOURCE ESTIMATE (1-17) Grade Contained Me
Slide 16: Dundonald South Updated Mineral Resource Estimate
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Dundonald South Updated Mineral Resource Estimate 781% Increase in Pit-Constraint Indicated Tonnes + 474% Increase in Nickel Pounds Over 2020 Estimate DUNDONALD SOUTH MINERAL RESOURCE ESTIMATE (1-17) Grade Contained Metal Deposit Classification Tonnage (t) Ni
Slide 17: 4 Deposits: 3.4 Mt at 0.54% Ni Indicated and 5.9 Mt at 0.61% Ni Inferred
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO 4 Deposits: 3.4 Mt at 0.54% Ni Indicated and 5.9 Mt at 0.61% Ni Inferred ALEXO-DUNDONALD UPDATED MINERAL RESOURCE ESTIMATE Grade Contained Metal Deposit Classification Tonnage (t) Ni Cu Co Ni Cu Co NiEq (%) NSR (C$/t) (%) (%) (%) (k lbs) (k lbs) (lbs) Total P
Slide 18: Excellent Exploration Upside
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Excellent Exploration Upside • More than 14 linear km of komatiitic rocks with known nickel sulphide mineralization and significant exploration opportunity. • The Alexo-Dundonald nickel sulphide system is underexplored at depth and along strike of known depos
Slide 19: Somanike Nickel Project (Marbridge Mine)
SOMANIKE NICKEL PROJECT - QUEBEC Somanike Nickel Project (Marbridge Mine) Past-producing nickel sulphide mine with excellent exploration upside and existing infrastructure • Somanike Project covers 69 km² and includes the historical Marbridge high-grade nickel mine, Quebec’s first nickel mine. • Loc
Slide 20: Project-Wide Nickel Sulphide Targets
SOMANIKE NICKEL PROJECT - QUEBEC Project-Wide Nickel Sulphide Targets • Project divided into the Western, Central and Eastern Central Sector Sectors. Eastern Sector • Eastern Sector and Marbridge Mine Area offers brownfields exploration, mineral resource development, and discovery opportunity. Weste
Slide 21: Eastern Sector: Detailed Geophysics
SOMANIKE NICKEL PROJECT - QUEBEC Eastern Sector: Detailed Geophysics Eastern Sector • Drone-Mag and LiDAR surveys completed in 2022. • Total-field magnetics (TMI) shown with Marbridge Mine Area (past producer) and Cominco Area (occurrence). • Multiple geophysical exploration targets exist within the
Slide 22: 2022 (Phase 1) Exploration Drilling Results
SOMANIKE NICKEL PROJECT - QUEBEC 2022 (Phase 1) Exploration Drilling Results ✓ Completed 40 diamond drilled holes (16,510 metres). ✓ Multiple high-grade nickel intercepts: ▪ NICO22-022: 0.7 m @ 2.29% Ni from 69.5 metres. ▪ NICO22-048: 1.0 m @ 2.30% Ni from 474.6 metres. ▪ NICO22-049: 0.7 m @ 3.11% N
Slide 23: River Valley PGE Project
RIVER VALLEY PGE PROJECT - ONTARIO River Valley PGE Project Contact-style PGE-Cu-Ni sulphide mineralization in a large-layered intrusion offers upside through exploration • Proximal to the Sudbury Mining Camp, River Valley offers excellent access and infrastructure with exploration opportunity for P
Slide 24: Respect for our past, present and future
ENVIRONMENTAL, SOCIAL, AND GOVERNANCE ✓ Supply chain integrity Respect for our past, ✓ Environmental assessments present and future E ✓ Water management practices ✓ Site rehabilitation and cultural consideration Class 1 Nickel acknowledges that responsible reactivation requires the co-operation and
Slide 25: Capital Structure
CLASS 1 NICKEL - CORPORATE OVERVIEW Capital Structure An undervalued multi-asset nickel sulphide company, leveraging historical high-grade production and existing mineral resources to supply the global battery market. Capital Structure Market Cap ($Million as of October 10, 2024) (as of October 10,
Slide 26: Investment Summary
CLASS 1 NICKEL - CORPORATE OVERVIEW Investment Summary An undervalued multi-asset nickel sulphide company, leveraging historical high- grade production and existing mineral resources to supply the global battery market. ✓ Two high-grade past producing nickel sulphide projects in Tier 1 mining camps
Slide 27: David Fitch | President & CEO
@Class1Nickel www.class1nickel.com +1.416.454.0166 @Class-1-Nickel info@class1nickel.com CONTACT David Fitch | President & CEO 82 Richmond Street East dfitch@class1nickel.com Toronto, ON, M5C 1P1 600 - 2075 Robert-Bourassa Montreal, QC, H3A 1L1 Q4 - 2024 CSE: NICO | OTCQB: NICLF 27
Slide 28: Appendix
NICKEL AND TECHNOLOGIES Appendix
Slide 29: Alexo-Dundonald Maiden Mineral Resource Estimate (2020)
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo-Dundonald Maiden Mineral Resource Estimate (2020) Pit-Constrained and Out-of-Pit (Underground) Mineral Resource Estimate from the 4 deposits ALEXO-DUNDONALD 2020 MINERAL RESOURCE ESTIMATE (1-9) Cut-off NSR Tonnes Ni Ni Cu Cu Co Co Scenario Classificatio
Slide 30: Alexo-South Nickel Sulphide Deposit
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo-South Nickel Sulphide Deposit Cross-section of the Alexo South MRE (looking northeast) Plan map of the Alexo South MRE showing historical drill holes Plan map of the Alexo South MRE showing historical drill holes showing historical drill holes (red), 20
Slide 31: Alexo-North Nickel Sulphide Deposit
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo-North Nickel Sulphide Deposit Cross-section of the Alexo North MRE (looking northeast) Plan map of the Alexo North MRE showing historical drill hole Plan map of the Alexo North MRE showing historical drill showing historical drill hole traces (red), 202
Slide 32: Dundonald South Nickel Sulphide Deposit
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Dundonald South Nickel Sulphide Deposit Plan view (left) and cross-sectional views looking east (right) through the Dundonald South Deposit showing the optimized open pit shells (3D and traces), and the categorized Indicated (yellow) and Inferred (green) mine
Slide 33: Dundonald South Nickel Sulphide Deposit
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Dundonald South Nickel Sulphide Deposit Generalized geological plan map of the Dundonald South Deposit, with shaded areas for the The updated and interpreted 3D geological model (looking north) showing the categorized Indicated (red) and optimized pit shells,
Slide 34: David Fitch | President & CEO
@Class1Nickel www.class1nickel.com +1.416.454.0166 @Class-1-Nickel info@class1nickel.com CONTACT David Fitch | President & CEO 82 Richmond Street East dfitch@class1nickel.com Toronto, ON, M5C 1P1 600 - 2075 Robert-Bourassa Montreal, QC, H3A 1L1 Q4 - 2024 CSE: NICO | OTCQB: NICLF 34
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