Maniitsoq Ni-Cu Sulphide Project, SW Greenland March 2015
Forward Looking Statements: TSX-V: NAN Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. The following are important factors that could cause the Company s actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forwardlooking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. North American Nickel undertakes no obligation to update such forward-looking statements if circumstances or management s estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements. www.northamericannickel.com 2
COMPANY OVERVIEW Exploring for nickel-copper sulphides in SW Greenland CAPITAL STRUCTURE (As at March 2015) Listed on the TSX-V in May 2011 Flagship Maniitsoq project Initially 5000 sq. km now 2954 sq. km Experienced team with nickel sulphide expertise Cornerstone investor (Sentient) Issued & Outstanding: 172,955,855 Warrants: ($0.21 - $1.00) 22,195,851 Options: 13,453,000 Fully Diluted: 208,604,706 52 Week High/Low $0.65/$0.195 Current Price $0.25 Market Cap $38 million Cash $6.2 million SIGNIFICANT SHAREHOLDERS Sentient Group 41.2% VMS Ventures 22% 3
Maniitsoq Project History and Corporate Financing May 2011 NAN listed on TSXV; Raises $3.2M May 2012 $3.4M private placement June 2013 $7.05M private placement May 2014 $9.38M private placement Aug 2011 Maniitsoq Expl. License Acquired 2011 2012 2013 2014 Sept-Oct 2011 SkyTEM survey flown June-Sept 2012 Field Program 1 incl. VTEM survey & 1,550m drilling June-Sept 2013 Field Program 2 incl. VTEM survey & 4,266m drilling Apr-Sept 2014 Field Program 3 incl. surface gravity surveys & 8,773m drilling 123.9m @ 0.81% Ni & 0.21% Cu 18.6m @ 4.31% Ni & 0.62% Cu 16.35m @ 2.51% Ni & 0.77% Cu 4
GREENLAND INLAND ICE MANIITSOQ - Fjeld Gneiss PROJECT Maniitsoq Nuuk NORTH ATLANTIC CRATON Legend Paleoproterozoic Archean 500 km 5
PROPERTY GEOLOGY 6
Orthogneiss Norite 2 cm Pyroxenite Foliated Norite 7
EXPLORATION HISTORY 1959-1973 Kryolitselskabet Øresund ( KØ ) Systematic prospecting from the air Shallow-looking surface geophysics (< 50m) Shallow diamond drilling (avg. <55 m) Surface nickel occurrences and nickel intersections in drilling: Fossilik II: 12.89m @ 2.24% Ni & 0.63% Cu Imiak Hill: 9.85m @ 2.67% Ni & 0.60% Cu Quagssuk: 4.95m @ 1.97% Ni & 0.43% Cu No airborne geophysics, modern ground EM or borehole EM surveys = Ni-Cu occurrence = Selected Ni-Cu occurrence 8
EXPLORATION HISTORY 1995-2000 1995: GEUS Commissioned Geoterrex to fly fixed wing GeoTEM survey 1995 1996: Cominco Ground follow-up of airborne EM picks Limited ground geophysics 1996 1998: Platinova and Monopros Diamond exploration incl. DIGHEM survey 1999 2000: Falconbridge Limited Prospecting & re-analysis of historical drill core to confirm high grade assays and establish nickel tenors Limited ground geophysics No drilling by either Cominco or Falconbridge 9
NORTH AMERICAN NICKEL 2011-2014 Helicopter-borne TDEM Surface EM & Gravity Drilling Borehole TDEM Helicopter TDEM (~ 75% of GNB & 30% of property) ~ 260 VTEM anomalies (23 tested) 14,589m of drilling 2/3 at Imiak Hill 1/3 Regional 10
A IMIAK HILL COMPLEX (IHC) DRILLING HIGHLIGHTS (2013 2014) MQ-13-029: 55.75 m @ 1.28% Ni, 0.36% Cu Incl. 9.99 m @ 4.65% Ni, 0.33% Cu MQ-14-062: 66.00 m @ 0.61% Ni, 0.16% Cu, 0.22 g/t TPM Incl. 8.55 m @ 2.98% Ni, 0.59% Cu, 0.86 g/t TPM MQ-13-026 (Zone 30): 18.62 m @ 4.31% Ni, 0.62% Cu Incl. 4.01 m @ 6.04% Ni, 0.64% Cu MQ-14-072 (Zone 10) 16.35 m @ 2.51% Ni, 0.77% Cu Incl. 6.35 m @ 3.14% Ni, 1.05% Cu TPM = Total Precious Metals (Pt+Pd+Au) 11
IHC SULPHIDE MINERALIZATION Pn Po Cp IMIAK HILL, MQ-14-037: 11.03 m @ 3.07% Ni, 0.53% Cu, 0.08% Co Incl. 3.25 m @ 6.48% Ni, 0.29% Cu, 0.17% Co 12
IHC SULPHIDE MINERALIZATION MIKISSOQ, MQ-13-029: 9.99m @ 4.65% Ni, 0.33% Cu, 0.13% Co 13
2014 REGIONAL DRILLING HIGHLIGHTS: 22 drill holes, 3,725m P-149 ( Pingo ): 23.20m @ 0.36% Ni, 0.17% Cu, 0.15g/t TPM Incl. 0.50m @ 3.31% Ni, 0.61% Cu, 0.27g/t TPM P-146 Legend Mineralized norite at 8 locations spanning entire length of norite belt P-058 ( Fossilik ): 5.58m @ 1.72% Ni, 0.26% Cu P-136 IMIAK HILL COMPLEX Disseminated to semi-massive sulphides (Po-Pn-Cp-Py) Ni tenors up ~ 12% P-013: 11.00m @ 1.31% Ni, 0.15% Cu Incl. 5.85m @ 2.07% Ni, 0.12% Cu P-004 P-053: 3 high conductance off-hole EM anomalies (1.35m @ 0.60% Ni, 0.09% Cu) CAMP 2014 mineralized norite intersection 2014 mineralized norite intersection with significant assay results P-030: 20.10m @ 0.63% Ni, 0.20% Cu, 0.18 g/t TPM 14
P-013 MQ-14-068 15.85m @ 0.87% Ni & 0.27% Cu Incl. 3.40m @ 2.07% Ni & 0.34% Cu MQ-14-066 5.85m @ 2.07%Ni & 0.12% Cu 15
P-053 Borehole EM Survey Results 8,902S MQ-14-071 Looking North 44,607S 10,206S 150ms fluxgate survey 3 high conductance BHEM anomalies Correlated with mineralized norite intersected in hole 194m MQ-14-071 0.24m @ 0.85% Ni & 1.80% Cu Cpy-rich 16
Mass (% Ni) Nickel Deportment - QEMSCAN Pentlandite is the main nickel-bearing mineral and contains 95.5 to 96.3% of all the nickel in the samples. Legend Total potentially floatable pentlandite ranges from 96.3 to 97.6%. Pyrrhotite hosts 2.71 to 4.03% of the nickel. Silicates host < 1% of the nickel. *QEMSCAN similar for regional sa. Elemental Deportment (Mass % Ni) Sample 17
Deposit Model? Similarities to major nickel deposits but unique Geological Attribute Maniitsoq Nickel Deposits With Similar Attributes Age Archean: ~ 3.0 Ga WA Ni deposits ~ 3.0 2.9 Ga Tectonic Setting Assimilation/ Contamination Sulphides Large mantle-derived mafic-um magmatic event at deep level in TTG gneiss-amphibolite terrane; Irregularly shaped, deformed intrusions Wispy, resorbed inclusions and hybridized contact zones Magmatic & remobilized, likely recrystallized; Po-Cpy-Pn±Py Thompson, Voisey s Bay Sudbury, Voisey s Bay, Noril sk Thompson, Pechenga Rock Types & MgO% Imiak Norite: ~ 6-10% Spotty Pyroxenite: ~ 16-22% Kabanga, Aguablanca Nickel Tenors (in 100% sulphides) Range: 4 12% Avg.: 8.4 (<10% sulphides) 7.2 (>10% sulphides) Thompson, Jinchuan 18
2015 Exploration DEFINITON OF HIGH QUALITY DRILL TARGETS Comprehensive review of airborne datasets Surface geophysics (EM & gravity) Field checking of EM targets, mapping & prospecting DRILL TESTING Follow-up of existing mineralization Testing of prioritized regional targets TARGET GENERATION New VTEM surveys over target intrusions and stratigraphy 19
SUMMARY ASSET District scale property with widespread mineralization & high Ni tenors Potential for multiple projects within a project EXPLORATION PROCESS Refining exploration model & methodologies Large multi-component exploration program planned for 2015 Systematic exploration of entire property PEOPLE Experienced management & technical team In-house Ni sulphide expertise Strong cornerstone investor www.northamericannickel.com 20
Contact Info: North American Nickel Inc. 500 200 W. Esplanade North Vancouver, BC, Canada V7M 1A4 Phone: +1 604-986-202 Fax: +1 604-986-2021 Toll Free: 1-866-816-0118 info@northamericannickel.com www.northamericannickel.com 21