Class 1 Nickel & Technologies Ltd. · CSE:NICO
Class 1 Nickel & Technologies — Investor Presentation (February 2023)
28 slides from Class 1 Nickel & Technologies's investor presentation, Feb 14, 2023
Slide 1: Class 1 Nickel & Technologies Limited Presentation February 2023
Class 1 Nickel & Technologies Limited Presentation | February 2023 Applying modern exploration to past-producing assets to supply the global EV market CSE:NICO | OTCQB: NICLF
Slide 2: Disclaimer
DISCLAIMER Cautionary Statements Concerning Forward-Looking Statements Cautionary Note to U.S. Readers Regarding Estimates of Mineral This presentation (“Presentation”) is being issued by Class Certain information set forth in this Presentation contains “forward- Resources 1 Nickel and Technologies
Slide 3: A Green Energy Metal Opportunity in Canada
GREEN REVOLUTION Canada’s federal Metal Demands budget will include an for Battery Industry A Green Energy investment of at least $1.6 billion for a Metal Opportunity strategy to accelerate the production and 33.3% 33.3% in Canada processing of critical minerals needed for 2016 Critical battery mine
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Flagship Alexo-Dundonald Project is a past-producing project where Class 1 Nickel is completing a database review, 3D Short-Medium Modelling and infill drilling program to increase the known resource with a view to completing a PEA by mid 2023. Term Cash Flow Multiple local pro
Slide 5: Driving Canada's most advanced nickel explorer
CORPORATE OVERVIEW Driving Canada’s most advanced nickel explorer Major Securityholders David Fitch | President & CEO David Crevier | Non-Executive Director NICO has a supportive register, including Extensive experience in commercial strong security holdings from the founders in negotiations, busine
Slide 6: Key Management & Independent Consultants
CORPORATE OVERVIEW Key Management & Independent Consultants Alex Beloborodov | Exploration Manager Robin Adair | Independent Geological Technical Advisor Professional Geologist with 37 years in mineral exploration and project Professional Geologist with 11 years of experience in nickel, copper, deve
Slide 7: Transformed into a Battery Metal Super Province
A HISTORICALLY SIGNIFICANT NICKEL REGION 1 Transformed into a Battery Metal Super Province 5 Alexo-Dundonald, Ontario 2 High-grade past-producing nickel sulphide mine strategically located close to several processing facilities. NEWFOUNDLAND Strong potential for continued high grade mineralisation a
Slide 8: The next chapter
LAST 60 YEARS 7 Exploration completed in the 60s The next chapter Historically producing assets offering near-term Drilling only to 200m production potential and significant Mining commences at exploration upside. Marbridge Mine, the first Capex-lite Mining nickel sulphide producing mine in Quebec G
Slide 9: Alexo-Dundonald Project
POTENTIAL FOR SHORT-MEDIUM TERM PRODUCTION Alexo-Dundonald Project Past-producing high-grade Nickel-Copper-Cobalt-PGE Project located in the Tier-1 Timmins Camp • The recently consolidated Alexo-Dundonald Project sits along a 14km strike length, and consists of four deposits: Alexo North, Alexo Sout
Slide 10: Strong Short-Medium Term Production Potential
ALEXO-DUNDONALD PROJECT Strong Short-Medium Term Production Potential Historic production with 2%-4% Ni head grade underpinning a push to a production restart. • Alexo-Dundonald was previously operated as a direct shipping operation, with last mining completed in 2004/05 for 30.1Kt ore @ 1.92% at an
Slide 11: Resource Growth and Exploration
ALEXO-DUNDONALD PROJECT Resource Growth and Exploration • Previous exploration results have demonstrated shallow, high-grade mineralization, including*: • 24.5m @ 2.8% Ni from 95m • 15.2m @ 5.3% Ni from 215m • 5.7m @ 7.6% Ni from 156m • 4.9m @ 6.0% Ni from 86m • 3.0m @ 11.2% Ni from 123.5m • As Alex
Slide 12: Somanike - Marbridge Project
BLUESKY EXPLORATION UPSIDE Somanike - Marbridge Project A second past-producing nickel sulphide mine in close proximity to the Dumont Nickel Deposit. • The Somanike Project covers a 69km² mining area and includes the historic Marbridge Mine, Quebec’s first nickel mine. • Somanike is located 60km fro
Slide 13: Significant Exploration Upside
SOMANIKE PROJECT Significant Exploration Upside Province scale strategy combined with historical production and high-grade and shallow drill results • While production at Marbridge was halted in 1968, mining was ceased ‘in mineralization’ as mineralization appears to continue down-dip and along stri
Slide 14: Marbridge Mine Cross Sections
SOMANIKE PROJECT Marbridge Mine Cross Sections Sources: Falconbridge (1992), Giovanazzo (2009) Sources: Falconbridge (1992), Giovanazzo (2009) • At #2 Mine (above), only the high-grade sulphides at the base of the • At #3 Mine, the mineralization was drilled, but not mined. ultramafic (metakomatiite
Slide 15: Recent Drill Program: 16,510m in 40 Drill Holes
SOMANIKE PROJECT Recent Drill Program: 16,510m in 40 Drill Holes Objective is to make a major discovery of high-grade magmatic nickel sulphides in an Completed Drilling at Marbridge environment of known nickel mineralization with significant opportunity for new discoveries • Diamond drilling has int
Slide 16: River Valley PGE Project
ry tte ONTARIO – UPSIDE THROUGH EXPLORATION Ba River Valley PGE Project A contact-style PGE-Cu-Ni-bearing sulphide mineralisation project • Proximal to NICO’s other projects, River Valley provides possible exploration update as well as exposure to other critical minerals; PGEs and copper. • Underlai
Slide 17: Respect for our past, present and future
Supply chain integrity Environmental assessments E Water management practices Respect for our past, Site rehabilitation and cultural present and future consideration C1N acknowledges that responsible reactivation requires Strong local relationships the co-operation and assistance from the first nati
Slide 18: Investment Summary
Investment Summary An undervalued multi-asset nickel sulphide company, leveraging historic 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. Existing NI 43-101 Compliant Mineral Res
Slide 19: David Fitch | President
CONTACT David Fitch | President [email protected] @Class1Nickel www.class1nickel.com 82 Richmond Street East Toronto, ON, M5C 1P1 +1.416.454.0166 600 - 2075 Robert-Bourassa @Class-1-Nickel [email protected] Montreal, QC, H3A 1L1 18
Slide 20: Appendix
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Slide 21: History
ALEXO-DUNDONALD PROJECT History Previously operated as direct shipping operation at attractive operating costs. Actual Figures (1) 2004 2005 • The previous drilling program was completed at the Alexo Mine Project in 2011, and Dundonald in 2005. Previous owners halted production in October 2005. Prod
Slide 22: South Mineralized Zone
ALEXO-DUNDONALD PROJECT 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 depth). Mineralization extends ~300
Slide 23: North Cross Section and Plan
ALEXO-DUNDONALD PROJECT North Cross Section and Plan Mineralization at Dundonald North begins near surface, intersected in drilling to approximately 600 m in depth and is open at depth.
Slide 24: Alexo South & North Mineralized Zones
ALEXO-DUNDONALD PROJECT Alexo South & North Mineralized Zones Page 23
Slide 25: Alexo-Dundonald: Mineral Resources
Alexo-Dundonald: Mineral Resources 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 Inferred Mineral Resource of 2,007 kt with an av
Slide 26: Somanike Project, Quebec
SOMANIKE PROJECT Somanike 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’s first nickel mine
Slide 27: Marbridge Mine: #1 Mine Cross-Section
SOMANIKE PROJECT 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 down-dip/down-plun
Slide 28: Summary Historical Results
ALEXO-DUNDONALD PROJECT Summary Historical Results m Ni (%) From (m) Alexo North LAX-05-04 4.9 2.3 64.6 LAX-13-04 4.5 2.2 62.2 Alexo South LOX-47-04 21.1 1.3 58.9 2010-02 24.5 2.8 95.0 LOX-14-04 3.5 5.4 38.0 LOX-18-04 4.1 3.7 34.0 Dundonald South D04-29 15.2 5.3 215.0 D04-30 2.6 5.3 221.0 S05-30 3.0
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