North American Nickel TSXV NAN Presentation


Published on

North American Nickel is a public company that trades on the TSX Venture Exchange (NAN: TSX.V) and is committed to discovering nickel-copper-platinum group metal mines in Canada and Greenland. The Company’s main focus will be on its Maniitsoq project in Greenland and on its two offset dyke projects in the world-renowned Sudbury mining camp in Ontario.

The Company has acquired a Mineral Exploration Licence on the southwest coast of Greenland that grants exclusive exploration rights to a 4,841 km2 area. The licence covers numerous high-grade drill-indicated and surface outcrop exposures of nickel – copper sulphide mineralization associated with mafic-ultramafic intrusions. The Maniitsoq Project is 160 km north of Nuuk, the capital of Greenland. The property sits on tide water where ports have a year-round shipping season. Surface exploration and helicopter-borne time-domain EM (TEM) and magnetic surveys, completed in 2011 by NAN, identified new targets and showed that modern, helicopter TEM is a powerful and effective exploration tool in this area. Drilling and additional helicopter TEM surveying is planned for 2012.

Published in: Business, Technology
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide
  • .
  • North American Nickel TSXV NAN Presentation

    2. 2. 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. Slide 2
    3. 3. Capital StructureListing NAN:TSX.V Cash ValueIssued and Outstanding: 76,930,193 VMS Owns (21,825,000) Sentient Owns (20,000,000)Warrants: @ $0.10 expire Dec. 28,2012 5,830,000 $0.6M @ $0.35 expire Nov. 24, 2012 11,243,950 VMS Owns 5,000,025 $3.9M @ $0.21 Owned by Sentient 10,000,000 $2.1MGreenland Warrants @ $0.50, $0.70, & 12,960,000 $9.0M$1.00Options 7,633,000 $1.3MFully Diluted 124,597,143 $22MCash Position $2.4M52 Week High/Low $0.090 – $0.32 Slide 3
    4. 4. Directors & ManagementRick Mark, M.Ed (Admin) - CEO & Chairman: Rick has over 23 years experience in the public marketplace. He is also the CEO & Chair of VMS Ventures Inc. (VMS:TSX.V), and Harvest Gold Corporation(HVG-TSX.V), a December 2005 "spin off" from VMS, and is the President and CEO of PancontinentalUranium Corp. (PUC-TSX.V).John Pattison, P. Geo., B.Sc. – Chief Geologist: John has extensive experience in base metalexploration, in particular, nickel sulphide deposits. His career extends from the nickel camps of Canadato southern Africa. From 1983 to 2002, John worked with Falconbridge Limited and associatedcompanies where he was responsible for managing base metal, PGE and gold exploration projectsthroughout Canada and southern Africa.Neil Richardson, P. Geo., COO: Neil received his Geological Engineering Technical Diploma fromCambrian College in Sudbury and has a long history of mineral exploration and mining experience withHudBay Minerals and a host of junior explorers including Murgor Resources. Neil is the Chief OperatingOfficer for VMS Ventures and is responsible for developing and implementing exploration programs inthe Flin Flon-Snow Lake areaMark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. – President & Director: Mark has 34years of industry and government experience as an exploration geochemist and mineral depositsgeologist. He was the Chief Geologist of the Mineral Deposits Section in Manitoba. In 2001, Mark wasthe recipient of the Provincial Geologists Medal, a Canadian national award for outstanding geoscientificachievement. He is also the Vice President of Exploration and Technical Services of VMS Ventures Inc. Slide 4
    5. 5. AdvisorsJohn Rowntree, Hons B.Sc., FAusIMM, CIMM: John Rowntree has 46 years experience in theminerals exploration industry. He has been a founding director of several public exploration companiesand has been responsible for property acquisition and for directing exploration leading to the discovery of economic gold, tantalum, uranium, platinum, copper/gold and TVM iron deposits in Australia andGreenland.John Ferguson, Ph.D., D.Sc., FAusIMM & Life Fellow Geological Soc. S. Africa: John Ferguson hasbeen involved in the minerals industry, academia and four geological surveys for the past 50 years. Hehas conducted extensive exploration activities in several continents particularly focusing on gold, basemetals, platinum group elements, iron ores, uranium, rare earth elements & diamonds. He has heldpositions as founding director of publicly listed companies, Professor/Reader at the University of theWitwatersrand and Division 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. He wasresponsible for the discovery of the platinum group metals resource at Munni Munni, Western Australiaas well as the discovery of kimberlites and industrial minerals in southern Africa and Greenland. Slide 5
    6. 6. AdvisorsJames M. Patterson B.A., D.I.C., Ph.D., P. Geo.: Jim has over 40 years experience in mineralexploration in Canada, Ireland, SE Asia and South America working with major and junior explorationcompanies, government and international development agencies. He was formerly with FNX MiningCompany Inc. where he was Geological Consultant (2001-2002), Vice President Exploration (2002-2005)and VP & Executive Consultant (2005-2006).Cashel Meagher B.Sc. P. Geo.: Cashel is currently Vice President Exploration of HudBay Minerals. Hehas worked with the technical and management teams at VMS Ventures and North American Nickelthrough the Reed Lake joint venture with VMS. Prior to joining HudBay, Mr. Meagher held managementpositions with Vale Inco in exploration, technical services, and mine operations.Walter Peredery Ph.D. P.Geo.: Walter has more than 40 years experience in nickel-copper-PGEexploration in the Sudbury Basin as well as the Thompson Nickel Belt in Manitoba. Dr. Peredery is arecognized expert in the geology and ore deposits of the Sudbury mining camp. He is the author of thequalifying N.I. 43-101 report for North American Nickel. Dr. Peredery’s accomplishments include co-authoring of the impact theory of the Sudbury igneous complex which is recognized around the world asthe definitive work on the Sudbury basin.`Mike Muzylowski: Mike Muzylowski, Callinan Mines Ltd. (CAA-TSX.V) accomplished President andCEO, has played key roles in the discovery of 15 Canadian mines, 13 in Manitoba, during hisdistinguished career as a geologist, geophysicist and senior mining executive. Slide 6
    7. 7. North America / Maniitsoq Maniitsoq Project  Camp-scale project in an underexplored nickel belt.  Adjacent to tide water that is open year round.  1,400 nautical miles from Vale’s nickel processing facility at Long Harbour, NL. Other Projects  Major projects situated in Thompson and Sudbury, the two most productive mining camps in the world class Circum- Superior Nickel Belt. Slide 7
    8. 8. Maniitsoq Project A World Class Nickel Camp?• Underexplored (previous hole lengths averaged < 60 m) but lots of high-grade historical assays (e.g. 9.85 m @ 2.67% Ni and 0.60% Cu).• Strong evidence of a large-scale, long lived mafic igneous event.• Major, deep seated structures that were active from the Archean through to the Mesozoic.• Intrusions hosting the mineralization appear to have been part of a dynamic magma conduit system.• Proof that modern helicopter geophysical technology is significantly more effective in this rugged terrain than techniques used in the past.• Over 70 conductive zones identified to date across the entire 75 km Greenland Norite Belt. Slide 8
    9. 9. Maniitsoq Project Location • Situated in a safe, stable, mining-friendly jurisdiction. • Close to tide water that is navigable year-round. • Straight forward permitting process. • No land claims issues. • Mine development activities nearby including road and deep water port construction (London Mining’s Isua Iron project). Slide 9
    10. 10. Regional SettingProperty Geology GREENLAND • Abundant Ni-Cu sulphide showings NORITE BELT associated with noritic intrusions. • Norites are concentrated in, but not restricted to, a J-shaped belt 75 km long by up to 15 km wide that wraps around the Finnefjeld Gneiss Complex. • Intrusion of nickeliferous norites over a period of time spanning at least one complete geomagnetic reversal. Slide 10
    11. 11. Plenty of Room for World Class Deposits Sudbury Intrusive Complex at same scale as map to left. Maniitsoq Geology Legend Slide 11
    12. 12. Many Ni-Cu Setting Regional Showings • 14 significant Ni-Cu showings. Most are concentrated in the Greenland Norite Belt (GNB) outlined here by purple dashed lines. • All showings were discovered by Kyrolitselskabet Øresund A/S (KØ) between 1962 and 1972 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. This was the only drilling for nickel in the GNB. Slide 12
    13. 13. Deposit ModelVERTICAL SECTION Deposition of Ni-Sulphides in a Magma Conduit System PRESENT DAY • Superheated noritic magma flows EROSION LEVEL through gneiss and paragneiss in an open system. • Gneiss is assimilated by the hot magma and triggers sulphide saturation. • Ni + Cu ± PGE sulphides are deposited in zones of lower velocity within the magmatic plumbing system. • Continual magma flow upgrades nickel tenor of sulphide.Modified after Maier et al., 2001 Slide 13
    14. 14. Consistently High Nickel Tenor Ni vs. S for Historical GNB Drill Core• GNB sulphides have a relatively consistent Typical 100% sulphide mixture of Po+Cp+Pn contains 35.7% S nickel tenor of 6 to Kerr, 2003 8% Ni recalculated to 100% sulphide. Nickel wt. %• Presence of pyrite means there is more S for a given amount DRILL CORE of sulphide than in typical magmatic sulphide deposits consisting mainly of pyrrhotite-pentlandite and chalcopyrite. After Shore, 2000 Sulphur wt. % (Falconbridge Limited) Slide 14
    15. 15. 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° (i.e. subparallel to orientation of 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 Hill and part of Fossilik. – Lines 200 to 400 m apart. – No conductors detected and no drilling done. Slide 15
    16. 16. Now Many Targets Thanks to Modern Regional Setting Helicopter Geophysics • 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 in the belt. • NAN has flown the areas outlined in green, which total 860 km2 and cover a major portion of the GNB. • Interpretation of the 2012 data is in progress. To date over 75 conductive zones have been identified (circled in red on map). Slide 16
    17. 17. Slide 17
    18. 18. 3D EM Modeling Target B1-JTARGET B1-J (IMIAK HILL): 3D VIEW LOOKING WEST • 170 m long by 16 m wide conductor that comes to surface and is directly coincident with the Imiak Hill showing. • The model shows that the mineralization strikes parallel to most of the historical drilling and therefore has not been properly tested. • The model has very limited dip extent (21 m) but the best intersection on the showing (9.85 m averaging 9.85m @ 2.67% Ni, 0.60% Cu 2.67% Ni and 0.60% Cu) occurs 130 m below surface indicating that strong mineralization at surface is FO OTWALL masking the EM response from mineralization at depth. CONTACT OF N ORITE E STRIK 9.85m @ 2.67% Ni, 0.60% Cu Slide 18
    19. 19. 3D EM Modeling Target B1-B • 700 m long, near Target B1-B surface conductive zone. • No previous drilling. • Characteristics and orientation of the Interpreted conductor vary Norite considerably along strike suggesting it is not formational. • Magnetic data suggests that it is hosted in a large (2.5 x 1.0 km) norite body. Slide 19
    20. 20. 3D EM Modeling Target B1-L TARGET B1-L (SPOTTY HILL): 3D VIEW LOOKING NORTH • Modeled as a 330 x 100 m flat-lying conductor located 160 m below surface within a norite intrusion. ~ 160 m BELOW SURFACE (i.e. 100 m BENEATH • The conductor is untested but PREVIOUS DRILLING) past shallow drilling 100 m above intersected weakly 330 m 100 m disseminated, nickeliferous sulphides grading up to 0.52% Ni and 0.26% Cu over 12.94 m. • Clearly, mineralizing processes were at work in the intrusion as indicated by the disseminated near-surface mineralization and the most logical location to look for massive sulphides is at depth. Slide 20
    21. 21. Investor Risk Mitigation 100% ownership; Camp-sized land package (Sudbury) Public Co management/financing experience Technical team is deep Secure political jurisdiction Regional setting; year round exploration Historic exploration data is remarkable ($10M plus) Geology  Abundance of Ni-Cu occurrences at surface & in drilling  Undeformed norite host rocks  Mineralization: inclusion-bearing sulphides  Nickel Tenor – consistent and economic grade New technologies in “old” camp work – 25 EM targets in 8% of land package Slide 21
    22. 22. Plans for 2012 & Beyond 2012 – Immediate Priority • 3,000 line-km of helicopter TEM over prospective norites in southern part of the norite belt. • Ground truth conductive target zones among 75 identified by SkyTEM and VTEM Plus surveys • Minimum 2,000 m of drilling. • Prospecting outside of main norite belt looking for new showings and norites. • Estimated cost $3.0 million 2013 • Minimum 6,000 m of follow-up drilling on targets derived from 2012 work • 2,000 line-km of helicopter TEM • Estimated cost $ 7.5 million. Slide 22
    23. 23. Regional Setting • Located in the Archean Akia terrane of the South-West Greenland Archean complex (correlated with the Nain province in Labrador, Canada). • Akia terrane consists of 80% retrogressed 3.4 – 2.9 Ga granulite facies gneisses intercalated with supracrustal rocks (15% amphibolites of volcanic origin and 5% layered mafic complexes). The supracrustal rocks occur in belts up to 6 km wide folded into dome and basinFinne-FjeldGneiss patterns. • Project is roughly centred on the Finnefjeld gneiss complex (2975 Ma), which has recently been interpreted to represent the centre of a giant meteorite impact site (Garde et al, 2012). Slide 23
    24. 24. Undeformed Norite Host Rocks • Distinct appearance in field forming rounded hills covered with brownish-grey, often rusty, coarse gravel. • Individual bodies range in size from <2x2 m to 2 x 4 km. • Intrusions often crosscut gneissosity (i.e. significantly younger than country rock). • Many intrusions appear to be emplaced along 060° trending structures. • Bodies are often enveloped by narrow mylonite zones but interiors are usually massive with little or no foliation. • Intrusions are typically multi- phase and range in composition from quartz diorite, through norite, to lherzolite. Gabbronorite is the most common phase. • Insitu differentiation is minimal (dynamic system). • Assimilation of host gneiss is common. Slide 24
    25. 25. Mineralization• Sulphide mineralization consists of mono- clinc pyrrhotite, pyrite, pentlandite and chalcopyrite. Imiak Hill• Inclusion-bearing sulphide is a common texture. Pingo• Disseminated and net textured sulphides also Imiak Hill common. Quagssuk 5 cm Slide 25