north american nickel (nan.tsxv) technical presentation, feb 2013

Maniitsoq ProjectSulphide hosted Nickel Copper Cobalt & Precious Group

Metals South West Greenland

London Presentation February, 2013

Forward Looking StatementsNOTE:Some of the statements contained herein may be forward‐looking statements which involveknown and unknown risks and uncertainties. Without limitation, statements regarding potentialmineralization and resources, exploration results, and future plans and objectives of theCompany are forward‐looking statements that involve various risks. The following are importantfactors that could cause the Company’s actual results to differ materially from those expressedor implied by such forward‐looking statements: changes in the world wide price of mineralcommodities, general market conditions, risks inherent in mineral exploration, risks associatedwith development, construction and mining operations, the uncertainty of future profitabilityand 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 differmaterially from those anticipated in such statements. North American Nickel Inc. undertakes noobligation to update such forward‐looking statements if circumstances or management’sestimates or opinions should change. The reader is cautioned not to place undue reliance onsuch forward‐looking statements.

Maniitsoq Ni‐Cu‐Co‐PGM ProjectSouth West Greenland

Introduction

Slide 3

100% interest in a giant property covering 4,983 km2 of the highly prospective, but underexplored, Maniitsoq Impact structure.

Located on the south west coast of Greenland pack ice free all year round due to the presence of the Irminger Current, a tributary of the Gulf Stream.


Project Location

Introduction


100% ownership of tenements covering the Maniitsoq meteorite impact structure.

High grade and tenor sulphide hosted Ni‐Cu‐Co‐PGM mineralisation defined at the surface and along the length of the structure.

Located on the ice free southwest coast of Greenland, deep water navigable by Panamax vessels all year round. The best location in Greenland for all year round mining & shipping of concentrate.

Greenland’s capital, Nuuk, 30 minutes by helicopter and provides European standard coastal re‐supply and logistics facilities 4hrs shipping time.

Greenland is a pro‐mining country.Slide 4


Project History Danish explorers 1962 to 1973: extensive mapping and

shallow diamond drilling but wrongly orientated, smoke but no fire.

Cominco & Falconbridge: 1993 to 2000 fixed wing (non optimal) and small surface EM surveys completed plus extensive high quality geo‐chemical analysis of historical core.

2011 NAN acquires project reviews historical data and then conducts first terrain hugging helicopter‐borne EM survey: 25 new conductors identified.

2012 Geological Survey of Denmark and Greenland et alidentifies Maniitsoq meteorite impact site within NAN’s tenements.

Maniitsoq impact interpreted to be larger than the impact that produced the Sudbury Basin in Ontario, Canada, a meteorite impact structure with >1.3Bt of Ni‐Cu‐Co‐PGM mined and current resources. Slide 5

MANIITSOQ IMPACTMELT ZONE (APPROX.)

DavisStrait


Project Geology Centred on a giant, Archean‐age (~3.0 Ga) impact site ‐

possibly the largest yet identified on Earth (Garde et al., 2012*).

Ni‐Cu‐Co‐PGM mineralization (red stars on adjacent map) is hosted by norite intrusions (shown in purple on the map). These intrusions represent contaminated, mantle‐derived, nickel‐rich, ultramafic magma emplaced in a conduit system as a result of the impact.

Norites are post kinematic (i.e. undeformed) and commonly contain exotic inclusions (xenoliths) of shocked gneissic country rock confirming that they were emplaced after the impact in a dynamic flow system.

Norite intrusions range in size from several square meters to 8 km2 and are concentrated in, but not exclusive to, a 75 km long by 15 km wide belt known as the Greenland Norite Belt.

Slide 6


DavisStrait

*Garde , A.A., McDonald, I., Dyck, B. & Keulen, N. 2012: Searchingfor giant, ancient impact structures on Earth: the Meso‐archaean Maniitsoq structure, West Greenland. Earth andPlanetary Science Letters 137–138, 197–210.

GREENLANDNORITE BELT


2012: The Confirmation & Discovery Year at Maniitsoq NAN identifies an additional 54 new EM

conductors; 79 detected to date.

Discovers new sulphide mineralisation at Spotty Hill: 123.94m @ 1.00% Ni eq* including 24.2m @ 2.12% Ni eq*

Confirms exploration model by successful drilling at Imiak Hill: 26.98m @ 1.18% Ni eq* including 16.64m @ 1.60% Ni eq*

Discovery of PGM mineralisation at Spotty Hill, the Maniitsoq “game changer”

Established institutional investor support via non brokered private placement with strategic partner The Sentient Group

Slide 7


DavisStrait

Ni eq = Ni equivalent calculated based on spot prices for Ni, Cu, Co,Pd and Pt on Jan. 27, 2013.*


2012: Spotty Hill “Discovery” Drill Results

Slide 8

Cross section of 2012 EM plates, historical & NAN drill

results at Spotty Hill

OPEN

Highlights from Spotty Hill discovery hole MQ-12-005123.94 m @ 0.81% Ni, 0.21% Cu, 0.03% Co, 0.26g/t PGM*Incl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co, 0.52 g/t PGMIncl. 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co, 0.60 g/t PGM

Significant 2012 Drill intersections from Spotty Hill


2012: Imiak Hill “Confirmation” Drill Results

Slide 9

Longitudinal section of EM plates, historical & NAN drill results at Imiak Hill

Significant 2012 Drill intersections from Imiak Hill

Deepest intersectionon trend

Exploration Plans for 2013/2014

Slide 10

Plans for 2013

Diamond DrillingTo expand mineralized zones along strike and down dip at Spotty and Imiak Hill sulphide loads and test numerous other VTEM conductors.

Helicopter TEM SurveysTo cover several showings and ultramafic intrusions not previously flown.

Induced Polarization Surveys To delineated disseminated sulphide mineralization at Spotty, Imiak Hill and other showings.

Field Mapping and SamplingTo ground truth and sample VTEM anomalies and zones of disseminated mineralization exposed on surface.


Slide 10


DavisStrait

Other StudiesMineralogical, petrogaphic and preliminary metallurgical (QEMScan) evaluation of Maniitsoq sulphides and host rocks.Initiate environmental scoping plan in preparation for future environmental baseline studies.

World Class Nickel Potential

100% ownership; district-scale land package (>Sudbury) Pub Co management/financing experience/Sentient Group Technical team is deep Secure political jurisdiction and no land claims issues Accessible, along year-round pack ice free coast line Historic exploration data is remarkable ($10M plus) Geology

Abundance of Ni-Cu occurrences at surface & in drillingHigh Nickel Tenor – consistent and economic gradeMajor, long lived structuresLarge-scale mafic igneous event associated with giant impact

New technologies in “old” camp work – 75 EM anomalies

Investor Risk Mitigation


Capital Structure

Slide 12


North American Nickel Inc. Capital Structure

Directors & Management

Slide 13

Rick Mark, M.Ed (Admin) - CEO & Chairman: Rick has over 23 years experience in thepublic market place. He is also the CEO & Chair of VMS Ventures Inc. (VMS:TSX.V), andHarvest Gold Corporation (HVG-TSX.V), a December 2005 "spin off" from VMS, and is thePresident and CEO of Pancontinental Uranium Corp. (PUC-TSX.V).

John Pattison, P. Geo., B.Sc. – Chief Geologist: John has extensive experience in basemetal exploration, in particular, nickel sulphide deposits. His career extends from thenickel camps of Canada to southern Africa. From 1983 to 2002, John worked withFalconbridge Limited and associated companies where he was responsible for managingbase metal, PGE and gold exploration projects.

Neil Richardson, P. Geo. – COO: Neil has over 22 years experience in mineral explorationand mining operations of base metal and precious metal deposits throughout Canada. Mr.Richardson most recently the Manager of Exploration for Murgor Resources Inc. where hewas responsible for delineation of two projects to National Instrument 43-101 compliantmineral resource estimates, project generation, process discipline and corporate growthstrategies.

Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. – President & Director: Markhas 34 years of industry and government experience as an exploration geochemist andmineral deposits geologist. He was the Chief Geologist of the Mineral Deposits Section inManitoba. In 2001, Mark was the recipient of the Provincial Geologists Medal, a Canadiannational award for outstanding geoscientific achievement. He is also the Vice President ofExploration and Technical Services of VMS Ventures Inc.


Directors and Management

Directors & Management

Slide 14

Gilbert Clark, B.Sc (Geology) – Director: Mr. Clark is a European based Geologist withmore than 13 years of industry experience; principally in mining and internationalresource developments. Since 2010, Mr. Clark has been involved in private equityinvestments and appraisals primarily in the mining and energy sectors. He is currently anInvestment Advisor with The Sentient Group, an independent private equity investmentfirm specializing in the global resources industry.

Douglas Ford - Director: Since 1987 Mr. Ford has worked in the public markets, serving asCFO and board member of a number of junior companies with direct responsibility for allfinancial reporting, corporate finance and compliance activities.

Edward Ford – Director: A Chartered Accountant, Mr. Ford is a leading specialist in allaspects of venture capital and bridge financing, with more than 40 years of experiencecreating and implementing financial development plans for client enterprises in Canadaand the United States. Edward Ford has designed and managed a wide range of publicmarketing financing arrangements, private placements, investment syndicates and taxshelter instruments to fund the growth programs of client companies.

James Clucas - Director: Mr. Clucas was Chief Financial Officer of Inco’s Canadianoperations until 1984 and has been involved in the development of several mineraldeposits, including the Snow Lake Mine (High River Gold Mines), Montana Tunnels (PegasusMining) and the Fenix Project (HudBay Minerals Inc.). He was the founder of InternationalNickel Ventures Inc. which acquired and developed the Santa Fe/Ipora Nickel Lateritedeposit in Brazil.


Directors and Management

Advisors

Slide 15

John Rowntree, Hons B.Sc., FAusIMM, CIMM: John Rowntree has 46 years experience inthe minerals exploration industry. He has been a founding director of several publicexploration companies and has been responsible for property acquisition and fordirecting exploration leading to the discovery of economic gold, tantalum, uranium,platinum, copper/gold and TVM iron deposits in Australia and Greenland.

John Ferguson, Ph.D., D.Sc., FAusIMM & Life Fellow Geological Soc. S. Africa: JohnFerguson has been involved in the minerals industry, academia and four geologicalsurveys for the past 50 years. He has conducted extensive exploration activities in severalcontinents particularly focusing on gold, base metals, platinum group elements, iron ores,uranium, rare earth elements & diamonds. He has held positions as founding director ofpublicly listed companies, Professor/Reader at the University of the Witwatersrand andDivision Head/Acting Director at the Bureau of Mineral Resources Geology & Geophysics,Canberra (now Geoscience Australia). Other survey appointments include working for theGreenland Geological Survey and as a NRC Fellow at the Geological Survey of Canada. Hewas responsible for the discovery of the platinum group metals resource at Munni Munni,Western Australia as well as the discovery of kimberlites and industrial minerals insouthern Africa and Greenland.


Advisors

NORTH AMERICAN NICKEL INC

TSX V: NAN

FOR MORE INFORMATION

PLEASE VISIT

www.northamericannickel.com

Appendix I – Project Details (Slide 17)Appendix II – Nickel Markets (Slide 38)Appendix III – Greenland (Slide 43)

APPENDIX I

PROJECT DETAILS

Project Summary

Slide 18

Deposit type:

Minimum deposit size:

Location:

Property status:

Infrastructure:

Previous work:

Exploration rationale:

Magmatic Ni+Cu+Co+PGM sulphide

10 to 15 Mt @ 1.2% Ni equivalent

Southwest Greenland

4,983 km2 in two exclusive mineral exploration licences.

None but most targets are <50 km from ice‐free tide water.

Prospecting and shallow drilling (average hole length <55 m) discovered numerous high grade Ni showings in 1960’s and 70’s. Airborne and surface geophysical surveys by Cominco and Falconbridge in the1990s failed to identify any drill targets.

Very possible that economic deposits were missed as 1990’s geophysical technology had difficulty in the rugged terrain that characterizes the project area. Modern helicopter TEM flown perpendicular to strike at low altitude will have a much better chance of locating Ni+Cu+Co+PGMdeposits.


Project Milestones

Project Milestones

2011 Identified Maniitsoq as favourable for nickel sulphide deposits and acquired large land position. Compiled all geological and historical exploration data in digital GIS format. Located key historical showings and drill holes in the field. Confirmed effectiveness of helicopter TEM by flying terrain‐hugging helicopter EM survey over selected areas: 25 new

conductors detected

2012 Acquired additional ground based on positive 2011 results. Completed helicopter TEM and magnetic surveys of high priority areas (totaling 860 km2): over of 50 new conductors

detected. Commenced checking conductors on the ground. Drilled nine holes totaling 1,551 m to test conductors in three areas; made significant, multi‐element intersections at two

areas and encountered anomalous mineralization at the third. Geological Survey of Denmark and Greenland identified Maniitsoq meteorite impact site within NAN’s tenements.

Plans for 2013 Drilling to expand mineralized zones intersected in 2012 and locate new zones of mineralization. Mapping, prospecting, sampling and geophysical surveys over selected conductors, showings and other targets to delineate

and prioritize additional drill targets. Mineralogical and petrographic studies of the mineralization and host rocks. Begin scoping and environmental study plan in preparation for future environmental impact studies.

Slide 19


Location

Situated in a safe, stable, transparent, mining‐friendly jurisdiction.

Straight forward permitting process.

No land claims issues.

Mine development activities nearby including proposed road and deep water port construction (London Mining’s Isua Iron project).

Project Location



High‐grade, multi‐element diamond drill intersections over long intervals.e.g. 123.94 m @ 0.81% Ni, 0.21%Cu, 0.03% Co and 0.26 g/t PGMincl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co and 0.52 g/t PGM(NAN 2012 DDH: MQ‐12‐005)

Underexplored (previous hole lengths averaged < 55 m) but lots of high‐grade historical assays with consistent high sulphide Ni tenor (6‐8%).

Mafic intrusions hosting the mineralization are contaminated mantle melts and appear to have been part of a long‐lived, dynamic magma conduit system triggered by a large impact (possibly the largest yet recognized on Earth).

Centred on major, long‐lived, deep seated structures that were active from the Archean to the Jurassic (2.8 billion years).

New helicopter geophysical technology is proving far more effective than techniques used in the past; over 75 conductive zones identified to date.



World Class Nickel PotentialManiitsoq Ni‐Cu‐Co‐PGM Project

South West GreenlandRegional Geological Setting

MANIITSOQ

NORTH ATLANTICCRATON

Located in the Archean (3.8 – 2.55 Ga) North Atlantic craton of southern Greenland.

Correlates with Nain province in Labrador. Maniitsoq area comprised of about 80%

retrogressed 3.4 – 2.9 Ga granulite faciesgneisses intercalated with supracrustal rocks (15% amphibolites of volcanic origin and 5% layered mafic complexes). The supracrustalrocks occur in belts up to 6 km wide folded into dome and basin patterns.


Regional Setting

Slide 23

Property is centred on a giant, Archean‐age (~3.0 Ga) impact structure.

Possibly the largest impact yet identified on Earth (Garde et al., 2012*).

Impact structure is cored by a 35x50 km area of comminuted, homogenised and variably melted rocks previously mapped as granitic gneiss and now referred to as the Finnefjeld Domain.Finnefjeld

Domain

DavisStrait

ManiitsoqProject

Maniitsoq Impact

Garde A.A., McDonald, I., Dyck, B. & Keulen, N. 2012: Searching for giant, ancient impact structures on Earth: the Mesoarchaean Maniitsoq structure, West Greenland. Earth and Planetary Science Letters 137–138, 197–210.


*

Post impact events included…

Intrusion of nickeliferous norites of the Greenland Norite Belt over a time period spanning at least one complete geomagnetic reversal.

3 episodes of lamprophyre intrusion (1800, 1200 and 600 Ma) with the latest involving emplacement of kimberlite.

Intrusion of the Qaqarssuk carbonatite complex at 165 Ma.

All these events occurred along deep seated, long‐lived structures created by the impact.

QaqarssukCarbonatite


Regional Setting

Slide 25

14 significant showings; most hosted by noriteintrusions, which are concentrated in the Greenland Norite Belt (GNB) outlined here by purple dashed lines.

All showings were discovered by Kryolitselskabet Øresund A/S (KØ) between 1962 and 1973 through surface prospecting.

KØ made numerous intersections including:

9.85 meters averaging 2.67% Ni and 0.60% Cu at Imiak Hill

12.89 meters averaging 2.24% Ni and 0.63% Cu at the Fossilik showing.

KØ drilled 119 holes totalling 6,287 m (i.e. average hole <55 m long) to test outcropping norites, exposed sulphide mineralization and shallow electromagnetic (EM) anomalies directly associated with exposed mineralization.

Historic Ni‐Cu Showings


DISTINCT APPEARANCE Rounded hills covered with brownish‐grey, often

rusty, coarse gravel. Individual bodies range from <2 m2 to 8 km2. Many appear to be emplaced along 060° trending

structures. Multi‐phase: compositions range from quartz

diorite, through norite, to lherzolite. Gabbronoriteis the most common phase.

POST KINEMATIC Massive, little or no foliation except at margins. Contacts often crosscut country rock foliation.

COUNTRY ROCK ASSIMILATION Country rock xenoliths with reaction rims. Minimal insitu differentiation (dynamic system).


Noritic Intrusions

Consists of monoclinic pyrrhotite, pyrite, pentlandite and chalcopyrite.

Often coarse‐grained. Likely to produce a clean

concentrate. Inclusion‐bearing sulphide

(i.e. sulphide breccia) is a common texture and indicates a dynamic system.

Pingo

Imiak Hill

Imiak Hill

Quagssuk


SulphideMineralization

Consistently High Nickel Tenor

Sulphides have a relatively consistent nickel tenor of 6 to 8% Ni recalculated to 100% sulphide.

Presence of pyrite means there is more S for a given amount of sulphide than in typical magmatic sulphide deposits consisting mainly of pyrrhotite‐pentlandite and chalcopyrite.

Typical 100% sulphide mixtureof Po+Cp+Pn contains 35.7% S

Kerr, 2003

After Shore, 2000(Falconbridge Limited)

Nic

kel w

t. %

Sulphur wt. %

Ni vs. S for Historical GNB Drill Core

DRILL CORE


Nickel Tenor

Giant impact triggers mantle melting.

Hot ultramafic magma flows to surface through a “conduit system” comprised of restricted conduits and larger magma chambers.

Country rock is assimilated by the hot magma resulting in sulphur saturation and production of a sulphide liquid.

Ni + Cu ± PGE sulphide collects in zones of lower velocity within the conduit system.

Continual magma flow upgrades the nickel tenor of sulphide already deposited.

Magmatism eventually ceases and conduit system is preserved as noritic rock.

Over time, uplift and erosion expose parts of the magma conduit system and some of the Ni+Cu±PGE sulphides.

Modified after Maier et al., 2001

SCHEMATIC CROSSSECTION

COUNTRY ROCK


Deposit Model

Previous Exploration Stymied by Lack of Conductive Targets

Cominco 1995 – 1996• 20,446 line‐km of airborne GeoTEM EM and magnetic surveying.

– Lines 200‐400 m apart oriented 080 (subparallel to of many of the norites resulting in poor coupling).

– Large fixed wing aircraft had difficulty hugging the rugged terrain resulting in noisy data.

– Very few anomalies associated with norites.– Ground follow‐up prospecting, minor surface geophysics (<30 line‐km) but no drilling.

Falconbridge 1993 & 2000• 100 line‐km of UTEM over Imiak, Spotty and part of Fossilik.

– Lines 200 to 400 m apart.– No conductors detected and no drilling done.


Previous Geophysics

Regional SettingManiitsoq Ni‐Cu‐Co‐PGM ProjectSouth West Greenland

Helicopter TEM• SkyTEM and VTEM helicopter‐borne TEM surveys flown by NAN in 2011 and 2012 have detected over 75 conductive zones (circled in red on the adjacent map).

• This technology was not available to previous explorers.

• NAN has flown the areas outlined in green, which total 860 km2 and cover a major portion of the Greenland Norite Belt.

• To date over 75 conductive zones have been identified (circled in red on map).

2012 Drill Program: Confirmation and Discovery

IMIAK HILL HOLE MQ‐12‐001 15.39 to 16.60 m

Spotty Hill – 1.00% Ni eq* /123.94 mincl. – 2.12% Ni eq* / 24.20 m

Imiak Hill – 1.18% Ni eq* / 26.98 mincl. – 1.60% Ni eq* / 16.64 m

1,551 METERS in 9 HOLES

Ni eq = Ni equivalent calculated based on spot prices for Ni, Cu, Co,Pd and Pt on Jan. 27, 2013.*


2012 Drill Program

Fjord


Spotty Hill Drilling

Slide 34

Spotty Hill Drilling

PURPOSE:To test near vertical, pipe‐like VTEM con‐ductor located along SW edge of a large exposure of disseminated sulphides hosted in norite.

RESULTS:123.94 m of high grade sulphides in hole MQ‐12‐005.

119 m of anomalous mineral‐ization in MQ‐12‐009, which was drilled outside the conductor 75 m NW of MQ‐12‐005.

SPOTTY HILLSURFACE PLAN MAP

X-SECTION LOOKING NWMQ-12-005

MQ-12-005

MQ-12-009

1213

3

4

910

11

13

12

56

78

34

12

ModelConductorPlates

123.94 m @ 0.81% Ni, 0.21% Cu, 0.03% Co, 0.26g/t PGM*Incl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co, 0.52 g/t PGMIncl. 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co, 0.60 g/t PGM

119.00 m @0.17% Ni

* PGM=Pt+Pd+Au


Imiak Hill Drilling

Imiak Hill Drilling

Slide 35

MQ-12-001MQ-12-00126.98 m @ 0.98% Ni, 0.44% CuIncl. 16.64 m @ 1.36% Ni, 0.52% Cuand 5.12 m @ 2.20% Ni, 0.55% Cu

26.98 m @ 0.98% Ni, 0.44% CuIncl. 16.64 m @ 1.36% Ni, 0.52% Cuand 5.12 m @ 2.20% Ni, 0.55% Cu

MQ-12-002MQ-12-00266.08 m @ 0.55% Ni, 0.20% CuIncl. 5.15 m @ 1.22% Ni, 0.49% Cuand 14.18 m @ 1.33% Ni, 0.38% Cu

66.08 m @ 0.55% Ni, 0.20% CuIncl. 5.15 m @ 1.22% Ni, 0.49% Cuand 14.18 m @ 1.33% Ni, 0.38% Cu

MQ-12-00126.98 m @ 0.98% Ni, 0.44% CuIncl. 16.64 m @ 1.36% Ni, 0.52% Cuand 5.12 m @ 2.20% Ni, 0.55% Cu


PURPOSE:To drill conductors associated withmineralization perpendicular to strike.

RESULTS:Significant multi‐element intersections in holes MQ‐12‐001 and MQ‐12‐002.

2012 drill results, combined with bore‐ hole EM (BHEM) surveys and historical drill information, indicate mineralization strikes N‐S, dips vertically to steeply east, plunges south and is open at depth.

Historical Intersections

SURFACE PLAN MAP


Imiak Hill Long Section(Looking West)

Slide 36


OPEN

Trend (plunge)of mineralization



Imiak Hill Long Section(Looking West)

Bore hole EM (BHEM) modeled conductor plates show a clear trend / plunge of about 45‐50 degrees south.

BHEM results also indicate the mineralization is open below the deepest hole on the trend (historical hole Im‐9), which intersected 9.85 m @ 2.67% Ni and 0.60% Cu 140 meters below surface.

PURPOSE:To test VTEM conductor associated with the Fossilik II gossan and mineralized historical drill holes FoII‐1 and 2.Also to test VTEM conductor P‐59 located 250 m NW of Fossilik II.

RESULTS:Anomalous mineralization intersected 40 m beneath historical Fossilik II drill holes. BHEM data indicates mineralization is not extensive.Conductor P‐59 was not intersected. BHEM indicates top of VTEM conductor is deeper than originally interpreted. Deeper drilling may be warranted.

Vertical Cross Section (Looking Northeast)

Surface Plan Map

Fossilik II


Fossilik II Drilling

APPENDIX II

NICKEL MARKETS

World Nickel Consumption by First Use*Foundry

3%

Plating7%

Non‐Ferrous Alloys12%

Other7%

Stainless& AlloySteel71%

* Source: Brook Hunt – a Wood Mackenzie company

Stainless Steel Consumption*


Leading Nickel Refinery Production by Country*

Plating7%

Non‐Ferrous Alloys12%

Other7%

*Source: Brook Hunt – a Wood Mackenzie company, 2011**Source: CRU Analysis

Leading Nickel Consumers*

KtKt

434

265 256

156 148111

43

215

661

415

167 13377 60 54 40 21

Global Nickel Resources**

Global Nickel Production**

SULPHIDE(56%)

LATERITE(44%)

SULPHIDE(27%)

LATERITE(73%)

Laterite production stilllags sulphide production

Laterite dominates buttechnologically challenging


Nickel Market Balance

‐ September, 2012


Nickel Market Forecast

‐ September, 2012

PROBABLE PROJECTS ONLY PROVIDE 40% OF REQUIREMENTSTILL NEED 330 kt/a MORE!


APPENDIX I

THE NICKEL MARKET

APPENDIX III

GREENLAND

Greenland

Largest Island in the world (2,166,086 km2). Population 56,800. Autonomous country within the Kingdom of Denmark. Parliamentary democracy within a constitutional monarchy.

General Facts:

Economy: Very dependent on block grant from Denmark Hunting, fishing and tourism account for 93% of export earnings. Strong incentive to grow mining industry as all tax proceeds accrue to

the Government of Greenland and mining only accounts for 1% export earnings..

Public incomes (%)

Source: Greenland government 2012

Export earnings (2010)Export earnings

Fishing & hunting

56%

Mining 1%Industry 6%

Retail, tourism, transport & finance

37%

Maniitsoq

Nuuk


Greenland:

Greenland: Mining Taxation

Nominal Taxation of Mining Operations in 12 Selected Jurisdictions

Table Notes:*Hypothetical Mining OperationGold mine with 12 year life (including 2 years development), 1 million ounces total reserves, annual production of 100,000 ounces sold at USD 650 per ounce, total investment of USD 93 million and annual production costs of USD 300 per ounce.

37%

Distribution of Proceeds from a Hypothetical Mining Operation*

Source: Mineral Strategy 2009, Greenland Bureau of Mineralsand Petroleum.

Source: Mineral Strategy 2009, Greenland Bureau of Minerals and Petroleum


Taxation:Corporate + withholding tax = 37%Royalty = 0%

north american nickel (nan.tsxv) technical presentation, feb 2013

Investor Relations

management

chief geologist

mineral exploration

differ materially

mining operations

john ferguson

founding director

ceo amp