CORPORATE PRESENTATIONs21.q4cdn.com/491660439/files/doc_presentations/...CAUTIONARY STATEMENTS The...

36
CORPORATE PRESENTATION TSX: NCP | OTCQX: NCPCF November 2018

Transcript of CORPORATE PRESENTATIONs21.q4cdn.com/491660439/files/doc_presentations/...CAUTIONARY STATEMENTS The...

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CORPORATE PRESENTATION

TSX: NCP | OTCQX: NCPCF

November 2018

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CAUTIONARY STATEMENTS

The information contained in this presentation (“Presentation”) has been prepared by Nickel Creek Platinum Corp. (“Nickel Creek” or the “Company”) and is being communicated for general background informational purposes only.Except as required by applicable law, the Presentation has not been independently verified and the information contained within is subject to updating, completion, revision, verification and ongoing amendment. Except with respect tostatements expressly verified by “Qualified Persons” (as such term is defined in the Canadian Securities Administrators’ National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”)), neither the Company, norits shareholders, directors, officers, agents, employees, or advisors give, has given or has authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of theinformation in this Presentation, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as “Information”) and liabilitytherefore is expressly disclaimed. Neither the communication of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction. This Presentation doesnot constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company, nor shall it, or the fact of its communication, form the basis of, or be reliedupon in connection with, or act as any inducement to enter into, any contract or commitment whatsoever with respect to such securities. In furnishing this Presentation, the Company does not undertake or agree to any obligation toprovide the attendee with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation that may become apparent either during, or at any time after thisPresentation.

Certain statements contained herein constitute “forward-looking information.” Forward-looking information look into the future and can be identified by words such as “plans,” “intends,” anticipates,” “should,” “estimates,” “expects,”“believes,” “indicates,” “targeting,” “suggests,” “potential,” and similar expressions. Statements involving forward-looking information are based on current expectations and entail various risks and uncertainties. Actual results may vary fromthe forward–looking information and materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. Investors are advised to review the Company’sAnnual Information Form filed at www.sedar.com for a detailed discussion of investment risks.

Unless otherwise indicated, Nickel Creek Platinum Corp. has prepared the scientific and technical information in this Presentation (collectively, the “Technical Information”) based on information contained in (i) the Company’s news releasedated September 25, 2018 [“Nickel Creek Provides Update on Nickel Shäw Project”] including the updated resource estimate (“the Resource”) as prepared by John Marek RM-SME, Professional Engineer Yukon Territory, and (ii) theCompany’s prior technical report, entitled, “2017 Mineral Resource Estimate On The Wellgreen Ni-Cu-PGM Project, Yukon Canada”, dated effective June 26, 2017 and prepared by John Marek, P. Geo., Independent Mining Consultants Inc.,Lyn Jones, P. Eng., AGP Mining Consultants Inc., Gordon Zurowski, P. Eng., AGP Mining Consultants Inc., and Heida Mani,. MSc., MBA, GEMS, all of whom are independent Qualified Persons in accordance with NI 43-101, and (iii) theCompany’s news releases dated March 1, 2017 [“Wellgreen Platinum Announces Results of Metallurgical Testwork”] and July 10, 2018 [“Nickel Creek Succeeds at Separating Nickel and Copper Concentrates for Nickel Shäw Project”](collectively, the “Disclosure Documents”). The Disclosure Documents are available under the Company’s profile on SEDAR at www.sedar.com. For readers to fully understand the information in this Presentation, they should read theDisclosure Documents in their entirety, including all qualifications, assumptions and exclusions that relate to the information set out in this Presentation that qualifies the Technical Information. Readers are advised that Mineral Resourcesare not Mineral Reserves because they do not have demonstrated economic viability. The Disclosure Documents are each intended to be read as a whole, and sections should not be read or relied upon out of context. The TechnicalInformation is subject to the assumptions and qualifications contained in the Disclosure Documents.

The Company has included in this Presentation certain non-GAAP measures. The non-GAAP measures do not have any standardized meaning within Canadian GAAP and therefore may not be comparable to similar measures presented byother companies. The Company believes that these measures provide additional information that is useful in evaluating the Company. The data presented is intended to provide additional information and should not be considered inisolation or as a substitute for measures of performance prepared in accordance with Canadian GAAP.

Certain information contained in this Presentation with respect to other companies and their business and operation has been obtained or quoted from publicly available sources, such as continuous disclosure documents, independentpublications, media articles, third party websites (collectively, the “Publications”). In certain cases, these sources make no representations as to the reliability of the information they publish. Further, the analyses and opinions reflected inthese Publications are subject to a series of assumptions about future events. There are a number of factors that can cause the results to differ materially from those described in these publications. None of the Company or itsrepresentatives independently verified the accuracy or completeness of the information contained in the Publications or assume any responsibility for the completeness or accuracy of the information derived from these Publications.

Quality Assurance, Quality Control: The Technical Information disclosed in this Presentation has been reviewed and approved by James Berry, the Company’s Chief Geologist and a Qualified Person as defined under NI 43-101. Please seethe Resource Estimate (which is available under the Company’s SEDAR profile at www.sedar.com) for a description of data verification and quality assurance and quality control procedures.

Cautionary Note to United States Investors: This Presentation uses the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while such terms are recognized and required by Canadianregulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot beassumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever beconverted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically mineable.

All figures are expressed in US dollars unless otherwise noted.

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NICKEL CREEK OFFERS A UNIQUE OPPORTUNITY THAT SEPARATES US FROM OUR PEERS.

INTRODUCING NICKEL CREEK

TSX: NCP | OTCQX: NCPCF 3

* Total Measured + Indicated Resource: 323.4 MMT containing 0.26% Ni, 0.16% Cu, 0.253 g/t Pt, 0.255 g/t Pd, 0.046 g/t Au, and 150 ppm Co

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0

20

40

60

80

100

120

140

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Mill

ion v

ehic

les

Passenger - BEV Passenger - PHEV Light Commercial - BEV Light Commerical - PHEV

Buses - BEV Buses - PHEV Trucks - BEV Trucks - PHEV

INTRODUCTION TO THE ELECTRIC VEHICLE MARKET

NICKEL, COPPER & COBALT – COMMODITIES FOR THE FUTURE

TSX: NCP | OTCQX: NCPCF 4

Source: International Energy Agency – Global EV Outlook 2018 BEV = Battery Electric Vehicle PHEV = Plug-in Hybrid Electric Vehicle

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GOVERNMENTS & CORPORATIONS ARE IMPLEMENTING AGGRESSIVE TARGETS FOR ELECTRIC VEHICLES

NICKEL, COPPER & COBALT – COMMODITIES FOR THE FUTURE

TSX: NCP | OTCQX: NCPCF 5

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NICKEL IS THE MOST IMPORTANT METAL BY MASS IN LI-ION BATTERIES

NICKEL, COPPER & COBALT – COMMODITIES FOR THE FUTURE

TSX: NCP | OTCQX: NCPCF 6

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BATTERY DEMAND FROM CLASS 1 NICKEL WILL OUTSTRIP SUPPLY

NICKEL, COPPER & COBALT – COMMODITIES FOR THE FUTURE

TSX: NCP | OTCQX: NCPCF 7

Sources: McKinsey & Company “The future of nickel: A class act”, McKinsey Basic Materials Institute

33 154

570

220

0

500

1,000

1,500

2,000

2,500

3,000

2017 2020 2025 2025

Nic

kel (0

00 T

)

Class 2 Ni - NPI, FeNi Class 1 Ni - steel, alloy, other Class 1 Ni - batteries

Demand outlook Supply outlook

Projected mine supply of Class 1

Projected mine supply of Class I1

Class 1 deficit

II II II II

I I I

I

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PGMS OFFER A STRATEGIC VALUE TO THE NICKEL SHÄW PROJECT

PLATINUM & PALLADIUM

TSX: NCP | OTCQX: NCPCF 8

PGM Production by Country

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WHEN IN DOUBT – FOLLOW THE SMART MONEY …

SHAREHOLDERS & SHAREHOLDER DATA

TSX: NCP | OTCQX: NCPCF 9

Symbol TSX: NCP; OTCX: NCPCF

Share Price (as of Sept. 25, 2018) $0.11

Market Capitalization $24.8 MM

Cash $5.5 MM

Debt Nil

Shares Outstanding 236.6 MM

Warrants (avg. exercise price: $0.30) 100.5 MM

Options, DSUs 6.7 MM

Fully diluted shares 343.8 MM

52 week High - Low $0.35 - $0.09

Diane R. Garrett, Ph.D. President & CEO

Heather White, P.Eng COO

Joe Romagnolo, CPA, CA CFO

James Berry, P.G. Chief Geologist

Graeme Jennings, CFA VP Corp Dev & IR

BALANCE SHEET & SHARE INFORMATION

C$, as of June 30th 2018

MANAGEMENT TEAM

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COVERING EVERY ASPECT OF THE INDUSTRY

BOARD OF DIRECTORS

TSX: NCP | OTCQX: NCPCF 10

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OPERATING IN ONE OF THE BEST MINING DISTRICTS IN THE WORLD

IN A WORLD-CLASS DISTRICT

TSX: NCP | OTCQX: NCPCF 11

NICKEL SHäW

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THE NICKEL SHÄW PROJECT LOOKING NORTHWEST

THE NICKEL SHÄW PROJECT

TSX: NCP | OTCQX: NCPCF 12

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ILLUSTRATION OF DEPOSIT MINERALIZATION

THE NICKEL SHÄW PROJECT

TSX: NCP | OTCQX: NCPCF 13

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PROJECT ACCESSIBLE BY ROAD FROM ALASKA HIGHWAY

ACCESS TO INFRASTRUCTURE

TSX: NCP | OTCQX: NCPCF 14

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OPERATING IN ONE OF THE BEST MINING DISTRICTS IN THE WORLD

IN A WORLD-CLASS DISTRICT

TSX: NCP | OTCQX: NCPCF 15

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ONE OF THE LARGEST NICKEL SULPHIDE DEPOSITS IN NORTH AMERICA

NICKEL SHÄW PROJECT OVERVIEW

TSX: NCP | OTCQX: NCPCF 16

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NICKEL MINERALIZATION IS PREVALENT THROUGHOUT SYSTEM

THE NICKEL SHÄW PROJECT

TSX: NCP | OTCQX: NCPCF 17

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COPPER MINERALIZATION INCREASES TO THE SOUTHEAST

THE NICKEL SHÄW PROJECT

TSX: NCP | OTCQX: NCPCF 18

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HIGH DEGREE OF TECHNICAL UNDERSTANDING OF NICKEL SHÄW PROJECT

ACTIVITIES AND CATALYSTS

TSX: NCP | OTCQX: NCPCF 19

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MULTIPLE HIGH PRIORITY TARGETS

EXPLORATION UPSIDE

TSX: NCP | OTCQX: NCPCF 20

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THERE ARE FEW COMPARABLE PROJECTS THAT ARE NOT OWNED BY A MAJOR

COMPARABLE PROJECTS

TSX: NCP | OTCQX: NCPCF 21

Ni 2.1

3%

, C

u 1

.65%

, C

o 1

300ppm

Ni 0.2

2%

, C

u 0

.29%

, PG

E 3

.90g/

t

Ni 1.0

3%

Ni 1.0

1%

Ni 0.4

2%

, C

u 0

.20%

, C

o 1

60ppm

, PG

E 0

.55g/

t

Ni 0.4

1%

, C

u 0

.42%

, C

o 1

58ppm

Ni 0.6

0%

Ni 0.4

9%

, C

u 0

.12%

Ni 0.2

6%

, C

u 0

.16%

, C

o 1

50ppm

, PG

E 0

.56g/

t

Ni 0.5

2%

Ni 0.2

2%

, C

u 0

.34%

, C

o 1

10ppm

, PG

E 0

.28g/

t

Ni 0.2

7%

, C

u 0

.37%

, PG

E 0

.25g/

t

Ni 0.4

4%

Ni 0.2

7%

, C

u 0

.14%

, C

o 2

00ppm

Ni 0.3

5%

Ni 0.0

8%

, C

u 0

.27%

, C

o 7

2ppm

, PG

E 0

.35g/

t

Ni 0.2

1%

, C

o 1

30ppm

Ni 0.2

7%

, C

u 0

.01%

Ni 0.1

2%

0

50

100

150

200

250

300

350

400

450

500

Tota

l V

alue o

f M

eta

l C

onta

ined p

er

tonne ($/t

)

Comparison of Global Open Pit Nickel Sulphide Projects In Production

Major/private/government

owned

Explorer/Developer

Nickel Creek Platinum

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TSX: NCP | OTCQX: NCPCF 22

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WELLGREEN CLAIMS

TSX: NCP | OTCQX: NCPCF 23

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LARGE OPEN PITTABLE DEPOSIT WITH SIGNIFICANT PAYABLE METALS

RESOURCE ESTIMATE

TSX: NCP | OTCQX: NCPCF 24

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ULTRAMAFIC INTRUSIVE SEGREGATED INTO PERIDOTITE, CLINOPYROXENITE AND GABBRO

GEOLOGY

TSX: NCP | OTCQX: NCPCF 25

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ULTRAMAFIC INTRUSIVE SEGREGATED INTO PERIDOTITE, CLINOPYROXENITE AND GABBRO

GEOLOGY

TSX: NCP | OTCQX: NCPCF 26

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ULTRAMAFIC INTRUSIVE SEGREGATED INTO PERIDOTITE, CLINOPYROXENITE AND GABBRO

GEOLOGY

TSX: NCP | OTCQX: NCPCF 27

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NICKEL LEADING THE PACK FOR “URBANIZATION COMMODITIES” DEMAND

NICKEL MARKET

TSX: NCP | OTCQX: NCPCF 28

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NICKEL SULPHIDE PRODUCTION EXPECTED TO DECLINE

NICKEL MARKET

TSX: NCP | OTCQX: NCPCF 29

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NICKEL BALANCE MOVING INTO NET DEFICIT POSITION

NICKEL MARKET

TSX: NCP | OTCQX: NCPCF 30

•100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

550,000

Dec

12

Feb

13

Apr

13

Jun 1

3

Aug

13

Oct

13

Dec

13

Feb

14

Apr

14

Jun 1

4

Aug

14

Oct

14

Dec

14

Feb

15

Apr

15

Jun 1

5

Aug

15

Oct

15

Dec

15

Feb

16

Apr

16

Jun 1

6

Aug

16

Oct

16

Dec

16

Feb

17

Apr

17

Jun 1

7

Aug

17

Oct

17

Dec

17

Feb

18

Apr

18

Jun 1

8

Aug

18

Inve

nto

ry

(tonnes)

Nickel Inventories in LME & SHFE

LME Stocks SHFE Stocks

-39% YTD

0

5

10

15

20

25

1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040

US$/lb

Wood Mackenzie Nickel Price Forecast

Current $ 2018 $ LT Consensus Updated: 25-Jun-18Source: Wood Mackenzie, Nickel Creek

$8.25/lb

$12.00/lb

-300

-200

-100

0

100

200

300

-4000

-3000

-2000

-1000

0

1000

2000

3000

4000

2000 2005 2010 2015 2020 2025 2030

Bal

ance

('0

00 T

)

Nic

kel P

roduct

ion/C

onsu

mpti

on ('0

00 T

)

Nickel Global Balance - Production vs Consumption

Mine Production Consumption Net balance

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STRATEGIC PRECIOUS METALS IN NORTH AMERICA

PLATINUM & PALLADIUM

TSX: NCP | OTCQX: NCPCF 31

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RECENT FINANCING HISTORY

CAPITAL EVENTS

TSX: NCP | OTCQX: NCPCF 32

Announcement Date Capital Shares/Units Price

August 2, 2017 $6.5 MM 25,120,056 $0.26

$3.0 MM (FT) 8,675,535 $0.35

Key Institutions

Electrum Strategic Opportunities Fund LP Maintained pro rata

Resource Capital Fund VI LP Increased ownership to 11%

Drake Private Investments Increased ownership to 9%

Tocqueville Gold Fund 5%

June 28, 2016 $2.0 MM 6,796,742 $0.30

Key Institutions

Electrum Strategic Opportunities Fund LP Pro rata

Resource Capital Fund VI LP Pro rata

Drake Private Investments Pro rata

Insiders

March 10, 2016 $14.1 MM 70,500,000 $0.20

Key Institutions

Electrum Strategic Opportunities Fund LP 26%

Resource Capital Fund VI LP Pro rata

Drake Private Investments Pro rata

November 4, 2015 $3.3 MM 13,060,000 $0.25

$8.1 MM 1.0% NSR

Key Institutions

Resource Capital Fund VI LP 9% + NSR

Half warrant, 5 yrs, $0.35

Warrant

Full warrant, 5 yrs, $0.27

Full warrant, 3 yrs, $0.40

-

Half warrant, 5 yrs, $0.35

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NOTES

TSX: NCP | OTCQX: NCPCF 33

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NOTES

TSX: NCP | OTCQX: NCPCF 34

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NOTES

TSX: NCP | OTCQX: NCPCF 35

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TSX: NCP | OTCQX: NCPCF