nan pdac 2014_revised
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TSX-V : NAN
Maniitsoq Project
Sulphide Hosted Nickel Copper Cobalt & Precious Group Metals
Southwest Greenland
100% Owned
www.northamericannickel.com 1
March, 2014
Forward Looking Statements NOTE: 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 forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. North American Nickel Inc. 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.
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
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NAN Management
www.northamericannickel.com 3
Rick Mark, M.Ed (Admin) CEO & Chairman NAN: Rick has over 25 years experience in the public market place. He
is also CEO & Chairman of VMS Ventures Inc (VMS-TSX.V), CEO & Chairman of Harvest Gold Corporation (HVG-
TSX.V), a December 2005 "spin off" from VMS, and is the President and CEO of Pancontinental Uranium Corp. (PUC-
TSX.V).
Neil Richardson P. Geo. COO, NAN: Neil has a long history of mineral exploration and mining experience with
Hudbay Minerals and others. As the COO of both companies, Neil is responsible for developing and implementing
exploration programs.
Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. President & Director NAN: Mark has 35 years of
industry and government experience including Chief Geologist of the Mineral Deposits Section in Manitoba. He is a
recipient of the Canadian national award for outstanding geoscientific achievement.
John Pattison, P. Geo., B.Sc. Chief Geologist NAN: John worked with Falconbridge Limited and associated
companies for 19 years managing base metal, PGE and gold exploration projects throughout Canada and southern
Africa.
Jim Sparling, P. Geo., B.Sc., MBA Project Manager NAN: Jim has worked for over 25 years in the exploration
industry, most recently as COO for Skyline Gold and Exploration Manager for StrataGold, He is the principal geologist
for the Maniitsoq Project in Greenland.
John Roozendaal B.Sc, Director of NAN: John was the founding director of VMS Ventures Inc. He has 20 years of
Mineral Exploration experience and was directly involved in the Reed Copper discovery.
NAN Directors and Advisors
www.northamericannickel.com 4
Independent Directors
Gilbert Clark, Director, NAN: Mr. Clark is a European based Geologist with more than 13 years of industry experience; principally in mining
and international resource developments. He is currently an Investment Advisor with The Sentient Group, an independent private equity
investment firm specializing in the global resources industry.
Jim Clucas, Director & Audit Committee Member, NAN: Jim was Chief Financial Officer of Inco’s Canadian operations and has been
involved in the development of several mineral deposits, including the Snow Lake Mine (High River Gold Mines), Montana Tunnels (Pegasus
Mining) and the Fenix Project in Guatemala. He was the founder of International Nickel Ventures Inc. which acquired and developed the Santa
Fe/Ipora Nickel Laterite deposit in Brazil. Jim is currently President and CEO of Search Minerals.
Advisory Board
Dr. Tony Naldrett: Tony is an internationally recognized expert in the field of nickel sulphide mineralization and was Professor of
Geology at the University of Toronto from 1967 to 1998. He has authored or co-authored over 240 refereed papers and 8 books and has
supervised 15 M.Sc. and 16 Ph.D. students and 15 Postdoctoral Fellows with focus on magmatic nickel, copper and platinum-group element
sulphide deposits, worldwide.
Mr. Alex Balogh: Alex is the former Chairman and CEO of Falconbridge Ltd., Deputy Chairman of Noranda Inc. and CEO of Noranda
Minerals Inc. He has served as Chairman and Director for various mining organizations, sits on The Sentient Council and is a current member
of the Advisory Board of Hatch Associates. Mr. Balogh is a metallurgical engineer and has more than 40 years of experience in the mining and
metallurgical industry.
Dr. James M. Patterson , P.Geo., Ph.D. , Technical Advisor: James is the former Geological Consultant, Vice President Exploration
and VP & Executive Consultant with FNX Mining Company Inc. He was instrumental in the revival and building of the company from a
market capitalization of $20 million to $2.5 billion. Dr. Patterson has over 40 years experience in mineral exploration globally. Dr. Patterson
received his Ph.D. Mining Geology from the University of London, England, Diploma of Imperial College from Imperial College, London,
England, BA (Honours) in Natural Sciences – Geology from Trinity College, University of Dublin, Ireland, and has over 25 publications on
mineral exploration.
Acquired the (Sudbury Basin sized) Maniitsoq
property in Greenland in August, 2011; 100% owned.
High grade nickel sulphide mineralization (locally
over 7% nickel at Imiak Hill) intersected in 2013
drilling
Over 200 conductive target zones identified
through Helicopter EM (VTEM) geophysical surveys
Extensive prospective belt (15km x 75km) hosting
mineralized intrusions within a large meteor impact
structure
$9.5M invested to date; Cash position today $6.2M
VMS Ventures holds 23.9% of NAN shares
Sentient Group holds 41% of NAN shares.
(the Sentient Group manages over $2.7B in quality
metal, mineral and energy assets across the globe.)
CAPITAL STRUCTURE
(as at February, 2014)
Issued & Outstanding: 140,576,584
Warrants: ($0.21 - $1.00) 25,431,144
Options: 8,087,500
Fully Diluted: 174,095,228
52 Week High/Low $0.47/$0.12
YTD Performance 87.5%
Current Price $0.30
www.northamericannickel.com
North American Nickel: Overview
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Location
Maniitsoq harbour looking east towards the Maniitsoq project on the mainland
Located on the southwest coast of Greenland, which is pack ice free year-round.
Maniitsoq’s mild climate allows for all year round mining & shipping of concentrate.
Greenland is a democratic, pro-mining country with a transparent regulatory system, competitive mining tax regime and no land claims issues.
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
www.northamericannickel.com 6
Property
Greenland’s capital, Nuuk, is 30 minutes by helicopter and provides European standard coastal re-supply and logistics facilities 4 to 6 hours shipping time to Maniitsoq coastline.
Maniitsoq is a greenfields nickel sulphide exploration project with valuable by-products,
NAN owns 100% of Maniitsoq via two contiguous exclusive mineral exploration licences covering 3,601 km2.
Maniitsoq has the scale and the potential metal endowment to be the world’s next nickel sulphide province.
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
www.northamericannickel.com 7
Project Geology
Maniitsoq Impact Structure
Recognized and documented by Garde et al., 2012*
Deeply eroded, deep-crustal remains of a giant impact that struck a magmatic arc 3 Ga ago
Comprised of:
35 x 50 km core of crushed, mechanically mixed and subsequently welded fragments of orthogneiss and amphibolite known as the Finnefjeld Domain.
75 km wide annular melt zone variably affected by crushing and melting.
150 km diameter zone of less damaged gneiss and amphibolite.
Undeformed, nickeliferous noritic intrusions, interpreted to represent crustally contaminated melts derived from the mantle in the wake of the impact occur throughout the impact structure in a 75 x 15 km “J” shape curvilinear belt.
*Garde , A.A., McDonald, I., Dyck, B. & Keulen, N. 2012: Searching
for giant, ancient impact structures on Earth: the Meso-archaean
Maniitsoq structure, West Greenland. Earth and
Planetary Science Letters 137–138, 197–210.
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
www.northamericannickel.com 8
APPROXIMATE
MELT ZONE
Finnefield
Domain
Greenland Norite
Belt
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Historical Work
Kryolitselskabet Øresund, 1962 to 1973: extensive mapping, prospecting defining the trend and shallow diamond drilling (average hole length <55 m), no subsurface geophysical modelling to orientate drilling but some success: Imiak Hill: 9.85 m @ 2.67% Ni and 0.60% Cu
Cominco & Falconbridge, 1993 to 2000: Cominco flies extensive fixed wing time domain EM unsuited to undulating terrain and hampered by flight path
Falconbridge completes surface magnetic and EM surveys plus extensive high quality re-analysis of historical core that confirmed historical high-grade assays and establish Maniitsoq nickel tenor.
Neither Cominco nor Falconbridge did any drilling.
www.northamericannickel.com 9
www.northamericannickel.com 10 www.northamericannickel.com
Maniitsoq Project
2011 / 2012: Laying the Groundwork
North American Nickel Inc. TSX-V: NAN
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Total of 5,746 line-kilometers of helicopter borne SkyTEM / VTEM covering approximately 860km2 mainly focused on the Greenland Norite Belt (GNB) but small survey also flown over the Pingo showing (about 15 km to the northwest of the GNB).
Nominal flight line spacing of 200 to 100 meters.
+200 conductive zones recognized to date.
Map shows total magnetic intensity reduced to pole and electromagnetic anomaly picks over the GNB.
The resulting identified conductors are 3 dimensionally modeled, providing low risk sub surface drill targets that returned significant drill intercepts
Helicopter TDEM
New Technology in an Old Camp
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Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
2012 Drill Program
1,551 METERS in 9 HOLES in 3 AREAS
Spotty Hill VTEM conductor P-55 tested intercepts:
123.94 m at 0.81% Ni, 0.21% Cu, 0.03% Co and 0.26 g/t TPM*
incl. 24.20 m at 1.75% Ni, 0.34% Cu, 0.06% Co and 0.52 g/t
TPM*
incl. 8.20 m at 2.39% Ni, 0.21% Cu, 0.07% Co and 0.60 g/t
TPM*
Imiak Hill VTEM Conductor P-54 tested intercepts:
26.98 m at 0.98% Ni, 0.44% Cu and 0.04% Co
incl. 16.64 m at 1.36% Ni, 0.52% Cu and 0.05% Co
Fossilik II VTEM conductors P-58 & P-59 tested:
Anomalous mineralization and off hole BHEM conductors
(possible future drill target: see Sept. 26, 2013 results)
www.northamericannickel.com 12
*TPM= total precious metals (Pt+Pd+Au)
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Nickel Deportment - QEMSCAN
Mass (
% N
i)
Legend
Pentlandite is the main nickel-
bearing mineral and contains 95.5
to 96.3% of all the nickel in the
samples.
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.
Sample
www.northamericannickel.com 13
Elemental Deportment (Mass % Ni)
www.northamericannickel.com 14 www.northamericannickel.com North American Nickel Inc. TSX-V: NAN
Maniitsoq Project
2013: Confirmation and Discovery
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
2013 Drill Program
25 holes totaling 4,266 meters completed.
Four significant intersections at Imiak Hill
(Aug 23, Sept 4 and Nov 5 news releases).
New zone of near solid to solid sulphides
intersected at Imiak North
(Sept 12 and Oct 23 news releases).
Fossilik: Potential tonnage added, 9km from
Imiak Hill (Sept 26, 2013 news release).
Spotty Hill: additional disseminated
mineralization intersected (October 23 news
release)
Recognition of the Imiak Hill Conduit Complex
Results released to date:
www.northamericannickel.com 15
IMIAK HILL
IMIAK NORTH
SPOTTY HILL
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Imiak Hill Conduit Complex: 3 Mineralized Intrusions
www.northamericannickel.com 16
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Imiak Hill Longitudinal Section
NAN’s 2013 drilling has intersected Zones 10 and 30 at
depth. Deepest intersection is 185m vertically below
surface.
Zone 30 sulphide mineralization is increasing in intensity
with depth.
2013: Oct. 10, 2013 News
www.northamericannickel.com 17
MQ-13-023 (Zone 10) 10.33m (5.94m) @ 1.10% Ni, 0.38% Cu
MQ-13-028 (Zone 30) 24.75m (11.08m) @ 3.19% Ni, 1.14% Cu
MQ-13-026 (Zone 30) 25.51m (11.94m) @ 3.25% Ni, 0.48% Cu
MQ-13-019 (Zone 30) 8.68m (5.58m) @ 1.53% Ni, 0.43% Cu
MQ-13-024 (Zone 30) 14.90m (8.33m) @ 2.67% Ni, 0.39% Cu
MQ-13-019: 8.68m (5.58 m)* @ 1.53% Ni, 0.43% Cu, 0.06% Co
MQ-13-024: 14.90m (8.33 m)* @ 2.67% Ni, 0.39% Cu, 0.09% Co
MQ-13-026: 25.51m (11.94 m)* @ 3.25% Ni, 0.48% Cu, 0.11% Co
Incl. 18.62m (8.70 m)* @ 4.31% Ni, 0.62% Cu, 0.14% Co
MQ-13-028: 24.75 m (11.08m)* @ 3.19% Ni, 1.14% Cu, 0.11% Co
Incl. 17.91m (8.10 m)* @ 3.80% Ni, 1.42% Cu, 0.13% Co
And 2.40 m (1.10 m)* @ 4.44% Ni, 1.13% Cu, 0.15% Co
BHEM response is also increasing with depth.
Open at depth.
*Estimated true width is shown in brackets
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
55.75 m @ 1.28% Ni, 0.36% Cu, 0.04%Co, 0.06 g/t TPM
Incl. 9.99 m @ 4.65% Ni, 0.33% Cu, 0.13% Co, 0.14 g/t TPM
Imiak North Discovery – Assay Results
www.northamericannickel.com 18
64.11 m @ 0.44% Ni, 0.20% Cu, 0.01%Co, 0.04 g/t TPM
Incl. 24.98 m @ 0.71% Ni, 0.31% Cu, 0.01% Co, 0.07 g/t TPM
2013 ADDITIONAL DRILLING:
2012 DISCOVERY:
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Spotty Hill
123.94 m of high grade sulphides in hole MQ-12-005.
119 m of anomalous mineralization in MQ-12-009.
Significant 2012 Drill intersections from Spotty Hill
www.northamericannickel.com
123.94 m @ 0.81% Ni, 0.21% Cu, 0.03% Co, 0.26 g/t PGM
Incl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co, 0.52 g/t PGM
Incl. 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co, 0.60 g/t PGM
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MQ-13-022
Collared 53 m southeast of MQ-12-005.
Intersected 20.07 m grading 0.68% Ni, 0.28% Cu,
0.02% Co and 0.32 g/t TPM.
Including 2.07 m assaying 2.03% Ni, 0.11% Cu,
0.07% Co and 0.78 g/t TPM.
www.northamericannickel.com 20 www.northamericannickel.com
Maniitsoq Project
2014 : Delineation and Exploration
North American Nickel Inc. TSX-V: NAN
2014 Exploration Plans
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Targeted surface geophysical surveys to develop deep targets at the Imiak Hill Conduit Complex. Techniques include:
Large loop pulse electromagnetic and gravity surveys.
Focused drilling (~5,000 metres) at the Imiak Hill Conduit Complex.
Expand near solid to solid sulphide zones at Imiak Hill.
Test down plunge of near solid to solid sulphide mineralization at Imiak North.
Define extent of strong disseminated sulphide mineralization at Spotty Hill, Imiak North and Fossilik.
Drill test (~2,000 metres) priority regional target zones across the belt.
www.northamericannickel.com 21
Objective:
Create drill success and begin work towards an initial resource estimate NI 43-101 report
NAN’s exclusive mineral exploration licences cover virtually all of the Greenland Norite Belt and Maniitsoq Impact Structure and all significant associated nickel sulphide occurrences.
Four noritic intrusions comprising the Imiak Hill Conduit Complex (IHCC) with significant sulphide mineralization identified to date:
Imiak Hill - near solid to solid sulphides – high grade nickel mineralization
Imiak North – disseminated and near solid to solid sulphides
Spotty Hill – strong disseminated sulphides
Additional mineralized norite within 10 km of the IHCC
Fossilik – strong disseminated suphides
The mineralization in all four norites are open at depth.
High priority regional targets to be followed up.
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Summary
www.northamericannickel.com 22
Why Buy NAN?: World’s Next Nickel Camp
Investor Risk Mitigation: These “boxes” are already ticked
Greenland is a secure political jurisdiction supported by pro-mining government;
Significant historic exploration data and drill core analyzed and interpreted by NAN
Maniitsoq’s geology is exemplary for district scale nickel potential:
Abundance of Ni-Cu sulphide occurrences at surface & in drilling;
High Nickel tenor – consistent across 7KM belt
Major, long lived structures; and
Large-scale mafic igneous event associated with meteorite impact
QEMSCAN testing suggests good recoveries expected
Modern helicopter “terrain hugging” surveys optimal for Maniitsoq’s topography and mineralization immediate success >100 EM anomalies
Access to ice free tide water, 12 month of the year: Moderate climate
Low cost power potential, (hydro electricity generation) and near by access to deep water shipping
Management has a discovery track record;
NAN has a strategic investor: The Sentient Group; owns 41% (VMS Owns 23.9%)
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FOR MORE INFORMATION
PLEASE VISIT
www.northamericannickel.com
QUJANAQ / TAK
NORTH AMERICAN NICKEL INC.
TSX V: NAN
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