The Opportunity

  • The right type of nickel: High grade nickel sulphide
  • Potential for a world class nickel sulphide camp
  • Surging demand for class 1 nickel products
  • Experienced management with technical and operational nickel expertise
  • Supported by strong institutional investors including The Sentient Group & Contemporary Amperex Technologies Ltd. (CATL)

A District-Scale Nickel Opportunity

North American Nickel’s 100%-owned Maniitsoq property has camp scale potential. The property spans 2,985 km 2 covering numerous high-grade nickel-copper-cobalt-PGM occurrences associated with the mafic-ultramafic intrusions of the Greenland Norite Belt (GNB).

This >75km-long belt is situated along Greenland’s southwest coast and accessible from an existing deep water with a year-round shipping season and abundant hydro-electric potential.

To date, NAN has completed 38,000m of drilling at Maniitsoq. The project hosts widespread historic and new high grade Ni-Cu sulphide occurrences. Systematic exploration of the Maniitsoq property benefits from a high percentage of outcrop. The Company uses modern technologies to identify new targets such as helicopter-borne VTEM surveys, Worldview-3 satellite imagery and drill hole targeting aided by surface and borehole electromagnetic surveys.

Lithium-Ion Battery Demand Growth Driving Nickel Prices Higher

Nickel is one of the world’s most significant metal markets at over $20 billion in annual trade. Fundamental demand drivers are traditionally the stainless steel and aerospace markets, but new long term demand is expected to come from the lithium ion battery industry.

A supply deficit of 200,000 tons per annum is forecasted by 2025 due to the depletion and continued closure of operating nickel sulphide producers. The absence of exploration investment and the time required for development and construction of new nickel sulphide mines make filling the deficit very unlikely to satisfy the demand for lithium ion batteries, which is predicted to grow to over 650Gwh by 2025. The nickel market will begin to need additional nickel from new resources very soon to fill the supply deficit.

Experienced Technical Team and Institutional Investors

The North American Nickel team, led by CEO Keith Morrison, has collectively decades of international experience in exploration, development, operations and financing of company-makers. Prior to joining North American Nickel, Mr. Morrison co-founded two significant Canadian-based success stories, Quantec, a world-leader in deep sub-surface imaging technologies, and QGX, a Canadian-based public exploration company which operated in Mongolia prior to its acquisition.

The technical team is led by nickel expert Dr. Peter Lightfoot who has enjoyed a distinguished 20-year career as a geologist with Inco and Vale, where he was responsible for technical aspects of exploration programs at Voisey's Bay, Sudbury and Thompson.

North American Nickel is supported by strong institutional investors including Sentient Group and Contemporary Amperex Technologies Ltd. (CATL).


PDAC International Convention 2018: TSXMedia interviews NAN President & CEO Keith Morrison and Chief Geologist Peter Lightfoot

Strategic Investors

China’s largest battery maker Contemporary Amperex Technologies Ltd. (CATL) took a 25% stake in North American Nickel on April 19, 2018 alongside existing institutional shareholders.

Roughly half of global electric and hybrid cars sales are in China and the government is pushing the development of the industry within its borders. This will require a substantial amount of raw materials in the production of vehicle batteries.

Catalysts

North American Nickel is fully financed for the 2018 exploration season closing a $17.5 CAD million private placement on April 19, 2018.

The 2018 program at Maniitsoq will include up to 12,500m of drilling at NiS targets that integrate the results from previous years of work with the new and important understanding of the geochemical control of the mineralization. Dr. Peter Lightfoot, Chief Geologist, identified a specific type rock within the Norite Belt that has very high magnesium and chrome concentrations. These rocks are known as melanorites.

Melanorites have a clear geochemical signature, and the distribution of the rock type is understood from Worldview-3 satellite imagery. Using the historic database of some 15,000 assays, NAN is able to show that if you explore the melanorite portion of the intrusion, the chances of finding nickel sulphide mineralization were much higher.

The 2018 program will be focused on exploring the larger bodies of melanorites developed right adjacent to the known mineral zones. The team will use very deep-penetrating, electromagnetic methods to look for the conductivity signatures of these sulphides. If a conductor is detected using this electromagnetic (EM) approach, it will be tested with borehole surveys to find an entirely new zone of mineralization within the larger melanorite bodies. Results from the 2018 program are expected to be received in the fall.

PDAC International Convention 2018: TSXMedia interviews NAN President & CEO Keith Morrison and Chief Geologist Peter Lightfoot

604.770.4334 1.866.816.0118
C/o Bennett Jones LLP Attn: Sander Grieve 3400 - One First Canadian Place, P.O. Box 130,
Toronto, Ontario, M5X 1A4