Class 1 Nickel & Technologies Ltd. · CSE:NICO
Class 1 Nickel & Technologies — Investor Presentation (February 2024)
41 slides from Class 1 Nickel & Technologies's investor presentation, February 2024
Slide 1: Reactivating Past-Producing Nickel Assets Through Modern Exploration
Reactivating Past-Producing Nickel Assets Through Modern Exploration February 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 This presentation (“Presentation”) is being issued by Class 1 Nickel and Mineral Resources Disclaimer Technologies Limited (the “Company”) for information purpo
Slide 3: A Green Energy Metal Opportunity in Canada
GREEN REVOLUTION Metal Demands 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 4: A Battery Metals Super Province
A HISTORICALLY SIGNIFICANT NICKEL REGION A Battery Metals Super Province 1 5 Alexo-Dundonald, Ontario 2 ü High-grade past producing nickel sulphide mine strategically located close to several processing facilities (Strathcona Mill, Sudbury | Kidd Creek, Timmins). ü A Pit-Constrained and Out-of-Pit I
Slide 5: Investment Highlights
CSE: NICO | OTCQB: NICLF Investment Highlights Location & Significant Short-Term Strong Nickel Strong Team Infrastructure Exploration Upside Cash Flow Potential Market Fundamentals ü Flagship Alexo-Dundonald ü Historical drilling at both Alexo- ü Update MRE (2024) on ü Nickel market expected to reac
Slide 6: The Next Chapter
LAST 60 YEARS ü Exploration completed in the The Next Chapter 60s. ü Shallow drilling to only 200 Historical producing nickel assets offer significant exploration metres. upside and near-term production potential. ü Mining at the Marbridge Mine (1962-68), the first nickel Capex-lite Mining sulphide
Slide 7: 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 8: 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 9: 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 10: 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 11: 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 12: Phase 1 Diamond Drilling: Alexo North and South
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Phase 1 Diamond Drilling: Alexo North and South Deposit Drill Hole From (m) To (m) Length (m) Ni (%) AN AN-21-04 127.70 129.35 1.65 1.47 AN AN-21-07 111.68 111.83 0.15 0.91 ALEXO NORTH AN AN-21-10 150.82 151.69 0.87 1.63 AN AN-21-19 136.73 137.03 0.30 1.12 AN
Slide 13: Phase 1 Diamond Drilling: Dundonald South
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Phase 1 Diamond Drilling: Dundonald South Deposit Drill Hole From (m) To (m) Length (m) Ni (%) Red Circles = semi-massive to massive sulphide DS DS-21-002 152.00 154.00 2.00 0.78 DS DS-21-005 107.21 107.42 0.21 2.33 DS DS-21-008 37.00 41.00 4.00 1.56 DS DS-21
Slide 14: 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 15: Alexo South Deposit: Drill Hole Planning
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo South Deposit: Drill Hole Planning Pierce Points • Brown - extending resources along strike • Fuchsia - filling gaps in the resource model (in-fill drilling); improve resource categorization. • Red - extending resources at depth (moderate and deep drill
Slide 16: Alexo South Deposit: Central Region
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo South Deposit: Central Region Looking Northeast February 2024 CSE: NICO | OTCQB: NICLF 16
Slide 17: Alexo South Deposit: Central Region
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo South Deposit: Central Region Looking Northeast February 2024 CSE: NICO | OTCQB: NICLF 17
Slide 18: Alexo South Deposit: Central Region
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo South Deposit: Central Region Looking Northeast February 2024 CSE: NICO | OTCQB: NICLF 18
Slide 19: Alexo South Deposit: Northeast Region
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo South Deposit: Northeast Region Looking Northeast February 2024 CSE: NICO | OTCQB: NICLF 19
Slide 20: 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 21: 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 22: 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 23: Eastern Sector: Marbridge Mine and Area
SOMANIKE NICKEL PROJECT - QUEBEC Eastern Sector: Marbridge Mine and Area • Eastern Sector is most historically explored area of the Property. Cominco • While production at Marbridge was halted in 1968, Eastern Sector mining stopped “in mineralization” with nickel sulphide mineralization appearing to
Slide 24: 2022 Exploration Drilling Program (Eastern Sector)
SOMANIKE NICKEL PROJECT - QUEBEC 2022 Exploration Drilling Program (Eastern Sector) Further understanding the ultramafic-sulphide system toward making a major discovery of high-grade nickel sulphide in an environment with significant opportunity for new discoveries and building resources • 16,510 me
Slide 25: 2022 (Phase 1) Exploration Drilling Results
SOMANIKE NICKEL PROJECT - QUEBEC 2022 (Phase 1) Exploration Drilling Results ü Completed 40 diamond drilled holes (16,510 metres). ü 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 26: 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 27: Respect for our past, present and future
ENVIRONMENTAL, SOCIAL, AND GOVERNANCE ü Supply chain integrity Respect for our past, ü Environmental assessments present and future E ü Water management practices ü Site rehabilitation and cultural consideration Class 1 Nickel acknowledges that responsible reactivation requires the co-operation and
Slide 28: 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. ü Two high-grade past producing nickel sulphide projects in Tier 1 mining camps
Slide 29: 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 (C$Million as of February 26, 2024) (as of February 2
Slide 30: David Fitch | President & CEO
@Class1Nickel www.class1nickel.com +1.416.454.0166 @Class-1-Nickel [email protected] CONTACT David Fitch | President & CEO 82 Richmond Street East [email protected] Toronto, ON, M5C 1P1 600 - 2075 Robert-Bourassa Montreal, QC, H3A 1L1 February 2024 CSE: NICO | OTCQB: NICLF 30
Slide 31: Appendix
Appendix February 2024 CSE: NICO | OTCQB: NICLF 31
Slide 32: Alexo North-South Property - History
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo North-South Property - History Previously operated as direct shipping operation at attractive operating costs Canadian Arrow Mines - Production • Alexo North discovered in 1907 and mined during both world wars; 55,000 tonnes grading 4.5% Ni, 0.37% Cu, A
Slide 33: Strong Short-Medium Term Production Potential
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Strong Short-Medium Term Production Potential • Alexo-Dundonald was previously operated as a direct shipping operation, with last mining completed in 2004/05 for 30.1K tonnes @ 1.92% Ni at an operating cost of C$1.06 per pound of nickel metal*. • With a shall
Slide 34: Dundonald South: Mineralized Zone
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Dundonald South: Mineralized Zone • Many parallel vertical mineralized lenses located proximal to the contact between komatiites (favourable host rocks) and mafic- felsic volcanic rocks. • Nickel sulphide mineralized zones - good continuity (strike and at dep
Slide 35: Dundonald North: Plan and Cross Section
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Dundonald North: Plan and Cross Section • Mineralization at Dundonald North begins near surface, intersected in drilling to approximately 600 m in depth and is open at depth. February 2024 CSE: NICO | OTCQB: NICLF 35
Slide 36: Alexo North and South: Mineralized Zones
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo North and South: Mineralized Zones February 2024 CSE: NICO | OTCQB: NICLF 36
Slide 37: Alexo-Dundonald Mineral Resource Estimate
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Alexo-Dundonald Mineral Resource Estimate 2020 NI 43-101 Mineral Resource containing nickel, copper and cobalt, with favourable nickel grades • Alexo-Dundonald has a total Indicated Mineral Resource of 1,254 kt with an average grade of 0.99% Ni and a total In
Slide 38: Summary Historical Results
ALEXO-DUNDONALD NICKEL PROJECT - ONTARIO Summary Historical Results Section Drill Hole Metres Ni (%) From (m) LAX-05-04 4.9 2.3 64.6 Alexo North LAX-13-04 4.5 2.2 62.2 LOX-47-04 21.1 1.3 58.9 2010-02 24.5 2.8 95.0 Alexo South LOX-14-04 3.5 5.4 38.0 LOX-18-04 4.1 3.7 34.0 D04-29 15.2 5.3 215.0 D04-30
Slide 39: Somanike Ni-Cu Project, Quebec
SOMANIKE NICKEL PROJECT - QUEBEC Somanike Ni-Cu Project, Quebec A second past-producing nickel sulphide mine in Quebec, in proximity to the Dumont Nickel Deposit • Consists of 148 CDC claims in the mining rights area covering 68.82 km2 in the mining rights area, including the Marbridge Mine (Quebec’
Slide 40: Marbridge Mine: #1 Mine Cross-Section
SOMANIKE NICKEL PROJECT - QUEBEC Marbridge Mine: #1 Mine Cross-Section • Upper portion of #1 Mine (Zone 1) shows sulphides remobilized along gabbro/sedimentary rock contact. • Mineralization continuous down-dip. • Mine workings extend to -200 m below surface and the mineralized zones appear open to
Slide 41: David Fitch | President & CEO
@Class1Nickel www.class1nickel.com +1.416.454.0166 @Class-1-Nickel [email protected] CONTACT David Fitch | President & CEO 82 Richmond Street East [email protected] Toronto, ON, M5C 1P1 600 - 2075 Robert-Bourassa Montreal, QC, H3A 1L1 February 2024 CSE: NICO | OTCQB: NICLF 41
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