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Maniitsoq Ni-Cu Sulphide Project,
SW Greenland
December 2014
Forward Looking Statements:
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 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.
TSX-V: NAN
www.northamericannickel.com 2
3
COMPANY OVERVIEW
Exploring for nickel-copper sulphides in Greenland and Canada
 Company listed on the TSX-V in May 2011
 Corporate head office in Vancouver, Canada
 Flagship Maniitsoq project in SW Greenland with district scale land position
and significant greenfields Ni-Cu drill intersections
 Experienced management, board and advisors with technical and operational
nickel expertise
 Well financed with strong cornerstone investor
4
CAPITAL STRUCTURE
CAPITAL STRUCTURE (As at Dec. 2014)
Issued & Outstanding: 169,964,679
Warrants: ($0.21 - $1.00) 25,137,027
Options: 12,603,000
Fully Diluted: 207,704,706
52 Week High/Low $0.65/$0.16
Current Price $0.21
Market Cap $35 million
Cash $6.3 million
SIGNIFICANT SHAREHOLDERS
Sentient Group 41.2%
VMS Ventures 22%
5
MANAGEMENT & TECHNICAL TEAM
Keith Morrison, P.Geo.
Chief Executive Office
• Over 30 years experience in the resources sector with a background in
strategy, finance, exploration, technology, global operations, capital markets
and corporate development.
Mark Fedikow, PhD, P. Geo.
President
• 35 years of industry and government experience
• Former Chief Geologist, Mineral Deposits Section
(Manitoba Geological Survey)
Neil Richardson, P. Geo.
Chief Operating Officer
• Over 26 years in mineral exploration and mining operations
( Hudbay, Murgor)
• Extensive experience in Resource-Reserve estimations
Cheryl Messier, CGA
Chief Financial Officer
• Over 15 years in finance with last 7 years as CFO/controller
Patricia Tirschmann, MSc, P. Geo.
Principal Nickel Geologist
• 26 years specializing in Ni-Cu sulphide exploration
• Senior Geologist with Falconbridge Limited and former VP Exploration
Continental Nickel Limited
Jim Sparling, P. Geo., MBA
Project Manager
• Over 25 years exploring for base metals and gold
• member of Hudbay team with four economic discoveries
BOARD OF DIRECTORS
John Sabine, Non-executive Chairman
• Senior Counsel to Bennett Jones LLP with over 40 years of legal expertise
in mining, corporate reorganizations, securities, financings and mergers and
acquisitions
Douglas Ford
• 27 years working in public markets incl. CFO; experience in corporate
finance, financial reporting, compliance, public and media relations
Mark Fedikow
Gilbert Clark
• Geologist with over 13 years industry experience incl. mining and
international resource developments
• Investment Advisor with Sentient Group
Jim Clucas
• Former CFO of Inco’s Canadian Operations
• Founder of International Nickel Ventures Inc.
Edward Ford
• Chartered accountant and specialist in venture capital and
bridge financing
• 40 years experience in financial development plans
John Roozendaal
• Founding director, President and interim CEO of VMS Ventures
• 20 years of mineral exploration experience
ADVISORY BOARD
Mr. Alex Balogh Former Chairman and CEO of Falconbridge Limited
Mr. Ole Christiansen CEO of Nuna Minerals A/S, 25 years experience in mineral exploration in Greenland
Dr. James Patterson Former VP Exploration of FNX Mining Company Inc.
Dr. Tony Naldrett Internationally recognized expert in field of nickel sulphide deposits
6
Maniitsoq Project History and
Corporate Financing
Apr-Sept 2014
Field Program 3
incl. surface gravity
surveys & 8,773m drilling
Sept-Oct 2011
SkyTEM survey
flown June-Sept 2012
Field Program 1
incl. VTEM survey &
1,550m drilling
May 2011
NAN listed
on TSXV;
Raises $3.2M
Aug 2011
Maniitsoq
Expl. License
Acquired
May 2012
$3.4M private
placement
June 2013
$7.05M private
placement
June-Sept 2013
Field Program 2
incl. VTEM survey &
4,266m drilling
May 2014
$9.38M private
placement
2011 2012 2013 2014
123.9m @ 0.81% Ni &
0.21% Cu
18.6m @ 4.31% Ni &
0.62% Cu
16.35m @ 2.51% Ni &
0.77% Cu
7
MANIITSOQ PROJECT
8
LOCATION
 Located on the southwest coast of Greenland, which
is pack ice free year-round.
 Mild climate allows for year round mining & shipping
of concentrate.
 Modern, well serviced container ports and European
standard logistical support and coastal re-supply
services.
 Greenland is a democratic, pro-mining country with a
transparent regulatory system, competitive mining
tax regime and no land claims issues.
Maniitsoq harbour looking east
towards the Maniitsoq project on the mainland
9
OVERVIEW
 District scale property covering 3,601 sq km in SW
Greenland. 100% Owned.
 Property covers 75km x 15km Greenland Norite Belt
(GNB) hosting numerous mineralized intrusions
 Imiak Hill Complex (IHC) comprises three norite
bodies within a 2km radius hosting high grade Ni-Cu
sulphides (locally > 7% Ni):
 Imiak Hill
 Spotty Hill
 Mikissoq
 Significant new Ni-Cu sulphide intersections at
regional targets
 Over 200 conductive targets identified through
helicopter EM (VTEM) geophysical surveys
10
GEOLOGY
Nickeliferous Mafic-Ultramafic
Intrusions
 Concentrated in a 75 x 15km curvilinear belt known as
the Greenland Norite Belt
 Norites, leuco-norites, pyroxenites & peridotites with
surface gossans
 Range in size from small dykes and plugs to elongated
bodies covering up to 8 km2
 Hybridized margins and xenoliths of partially resorbed
country rock are common
 Age dates of ~ 3.0 Ga
Country Rocks
 Mesoarchean gneisses of the North Atlantic Craton
 Mainly trondhjemitic-tonalitic-granodioritic (TTG) and
granitic gneisses
 Amphibolite and meta-sedimentary supracrustal rocks
 Strongly deformed & metamorphosed
11
EXPLORATION HISTORY (GNB)
1959 – 1973: Kryolitselskabet Øresund (KØ)
 Systematic prospecting from the air, shallow-looking surface
geophysics (< 50m) and shallow diamond drilling (average
hole length <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 surveys or
borehole EM
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
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
= Selected Ni-Cu occurrence= Ni-Cu occurrence
12
New Technology Helicopter-borne TDEM
Borehole TDEM
Surface Gravity
The Past
 Prospecting, fixed wing airborne EM and shallow
surface geophysical surveys
 Successful at locating outcropping mineralization
but airborne EM surveys hampered by rugged
terrain
 Historical drilling was shallow and did not include
borehole EM
The Present
 Helicopter-borne EM surveys mantle the terrain
and can detect conductors not seen by historical
airborne EM surveys > 200 EM anomalies
 Surface gravity surveys potentially outline mafic-
ultramafic intrusions in the sub-surface
 Borehole EM increases “search radius” of drill
holes and helps target follow-up drilling
~ 25% of property covered by Helicopter EM
13
IMIAK HILL COMPLEX (IHC) 2012-2013
17 drill holes: 3,248m
14
IHC SULPHIDE MINERALIZATION
 Sulphides range from
disseminated to net-textured
to semi-massive & massive
 Evidence of remobilization of
SMS and MS (breccias,
veins, stringers)
 Consists of pyrrhotite (Po), pentlandite (Pn),
chalcopyrite (Cp) and pyrite
 Often coarse-grained, possibly recrystallized
 Nickel primarily in pentlandite (95-96%)
MQ-14-037, Imiak Hill
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
Po
Cp
Pn
15
Nickel Deportment - QEMSCAN
Mass(%Ni)
Legend
Sample
Elemental Deportment (Mass % Ni)
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.
16
2014 Drilling Program 8,773m in 39 HOLES
Imiak Hill Complex 5,048m in 17 holes
Imiak Hill
 New high grade Zone 10 intersections
 MQ-14-037: 11.03m @ 3.07% Ni & 0.53% Cu incl. 7.04% Ni & 0.25% Cu over 0.63m
 MQ-14-072: 16.35m @ 2.51% Ni & 0.77% Cu
 Disruption of down plunge extent of zones 10 and 30 by mylonite unit
Mikissoq
 Mineralization open down plunge to northeast
 MQ-14-073: 61.35m @ 0.63% Ni & 0.18% Cu incl. 6.56m @ 1.59% Ni & 0.22% Cu
Spotty Hill
 Mineralization consists of wide zones of disseminated sulphides with internal zones of highly conductive
semi-massive sulphides:
 MQ-14-062: 66.00m @ 0.61% Ni & 0.16% Cu & 0.22 g/t TPM incl. 8.55m @ 2.98% Ni & 0.59%
Cu & 0.86 g/t TPM
 MQ-14-065: 73.49m @ 0.59% Ni & 0.16% Cu & 0.22 g/t TPM incl. 10.60m @ 1.69% Ni & 0.34%
Cu & 0.50 g/t TPM
 Mineralization open down plunge to southeast
AA′
17
IMIAK HILL COMPLEX (IHC) 2014
17 drill holes: 5,048 m
MQ-14-073:
61.35 m @ 0.63% Ni, 0.18% Cu, 0.02% Co
Incl. 6.56 m @ 1.59% Ni, 0.22% Cu, 0.04% Co
MQ-14-062:
66.00 m @ 0.61% Ni, 0.16% Cu, 0.02% Co, 0.22 g/t TPM
Incl. 8.55 m @ 2.98% Ni, 0.59% Cu, 0.10% Co, 0.86 g/t TPM
MQ-14-065:
73.49 m @ 0.59% Ni, 0.16% Cu, 0.02% Co, 0.22 g/t TPM
Incl. 10.60 m @ 1.69% Ni, 0.34% Cu, 0.05% Co, 0.50 g/t TPM
1.75 m @ 3.01% Ni, 2.80% Cu, 0.11% Co
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
MQ-14-072 (Zone 30):
16.35 m @ 2.51% Ni, 0.77% Cu, 0.08% Co
Incl. 6.35 m @ 3.14% Ni, 1.05% Cu, 0.10% Co
MQ-14-072 (Zone 10)
MQ-14-037 (Zone 10):
18
IMIAK HILL: ZONES 10 & 30 LONGITUDINAL SECTIONS
19
Spotty Hill
MQ-14-062
8.55m @ 2.98% Ni, 0.59% Cu & 0.86 g/t Pt+Pd+Au
20
SPOTTY HILL: VERTICAL LONGITUDINAL SECTION
21
MIKISSOQ: VERTICAL LONGITUDINAL SECTION
CAMP
22
2014 REGIONAL DRILLING HIGHLIGHTS:
20.10m @ 0.63% Ni, 0.20% Cu, 0.18 g/t TPM
MQ-14-070 (P-030):
3 high conductance off-hole
EM anomalies
1.35m @ 0.60% Ni, 0.09% Cu
MQ-14-072 (P-053):
11.00m @ 1.31% Ni, 0.15% Cu
Incl. 5.85m @ 2.07% Ni, 0.12% Cu
MQ-14-066 (P-013):
5.58m @ 1.72% Ni, 0.26% Cu
MQ-14-054 (P-058, Fossilik):
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
MQ-14-041 (P-149, Pingo):
IMIAK HILL
COMPLEX New intersections of
mineralized norite at eight
widespread regional locations
 Disseminated to semi-massive
sulphides (Po-Pn-Cp-Py)
Nickel tenors up to ~ 12%
 P-053 closest to coast and
NAN camp
22 drill holes, 3,725m
P-136
P-004
P-146
23
REGIONAL ASSAY HIGHLIGHTS
NORTH
 MQ-14-041:0.36% Ni, 0.17% Cu & 0.15 g/t TPM over 23.2m incl.
3.31% Ni, 0.61% Cu & 0.27 TPM over 0.5m (P-149 “Pingo”)
CENTRAL
 MQ-14-054: 1.72% Ni & 0.26% Cu over 5.58m (P-058)
 MQ-14-051: 0.94% Ni, 0.17% Cu & 0.99 g/t TPM over 4.31m (P-004)
 MQ-14-066: 1.31% Ni & 0.15% Cu over 11.00m (P-013)
SOUTH
 MQ-14-070: 0.63% Ni, 0.20% Cu & 0.18 g/t TPM over 20.10m (P-030 “Nunanguit”)
 MQ-14-071: 0.60% Ni, 0.09% Cu over 1.35m incl. 0.85% Ni, 1.80% Cu over 0.24m (P-053)
 3 high conductance off-hole fluxgate EM anomalies correlated with mineralized norite
at P-053, high priority drill target
Follow-up drilling and continued testing of regional targets planned for 2015
Pn
0.50m @ 3.31 % Ni, 0.61% Cu 24
P-149 (Pingo)
MQ-14-041
23.2m @ 0.36% Ni, 0.17% Cu
& 0.15 g/t TPM
5.6% Ni
25
P-058
High grade massive sulphide veins
(avg.) 5.58m @ 1.72% Ni & 0.26% Cu
MQ-14-054
6.18% Ni, 0.56% Cu
5.23% Ni
26
P-013
MQ-14-066
5.85m @ 2.07%Ni & 0.12% Cu
MQ-14-068
15.85m @ 0.87% Ni & 0.27% Cu
Incl. 3.40m @ 2.07% Ni & 0.34% Cu
MQ-14-071
44,607S
10,206S
8,902S
194m
27
P-053
Borehole EM Survey Results
 150ms fluxgate survey
 3 high conductance
BHEM anomalies
 Correlated with
mineralized norite
intersected in hole
MQ-14-071
0.24m @ 0.85% Ni & 1.80% Cu
Cpy-rich
Looking North
28
Deposit Model?
Similarities to major nickel deposits but unique
Geol.
Attributes
Maniitsoq Observations Nickel Deposits
With Similar
Attributes
Age Archean: ~ 3.0 Ga U-Pb zircon ages for five norite intrusions WA deposits ~ 3.0 – 2.9 Ga
Tectonic Setting Large mantle-derived mafic-UM
magmatic event at deep level in
TTG-Amphibolite crustal terrane
75 x 15km Norite belt, kimberlites &
breccia dykes; Amphibolite to granulite
facies metamorphism and mylonites
?
Magmatic
“Architecture”
Irregularly shaped to locally
linear, deformed intrusions
hosted in gneisses
Potential conduit systems? Thompson, Voisey’s Bay
Chaotic assemblages
& Assimilation
Yes Wispy, resorbed inclusions and
hybridized zones
Sudbury, Voisey’s Bay, Noril’sk
Sulphides Magmatic & remobilized,
possibly recrystallized;
Po-Cpy-Pn±Py
Range of sulphide textures incl. veins,
stringers and breccias; Coarse grained;
IHC sulphides zones occur in steeply
plunging shoots
Thompson, Western Australia
Ni deposits, Pechenga
Rock Types & MgO% Imiak Norite: 5.7 – 9.6%
Spotty Pyroxenite: ~ 22%
Opx > Cpx, locally replaced by Hbl Kabanga, Sudbury, Aguablanca
Nickel Tenors
(in 100% sulphides)
4 – 12% Median: 8.4 (<10% sulphides)
7.1 (>10% sulphides)
Thompson, Jinchuan
Ni:Cu ratios 1 – 10% Median: 3.1 (< 10% sulphides)
7.4 (> 10% sulphides)
Raglan
Ni:Co ratios 17 – 37% Median: 27 (<10% sulphides)
31 (>10% sulphides)
Sudbury
NOTE: Ni tenors, Ni:Cu and Ni:Co ratios summarized from 2012-2013 data
29
Why Own North American Nickel?
The Right Commodity
 Nickel prices expected to move up in response to future depletion of stockpiles following Indonesian
ban on export of raw nickel ore and on continued demand for nickel out of China.
The Right Place
 Greenland is a democratic, first world, pro-mining political jurisdiction with a transparent regulatory
system, a competitive mining tax regime and no land claim issues.
 European standard logistical support services readily available.
 Southwest Greenland is warmed by the Gulf Stream current and the ocean is navigable year-round.
The Right Geology
 Maniitsoq’s geology is exemplary for hosting a district scale nickel camp:
 75km x 15 km Greenland Norite Belt represents a large scale mafic-ultramafic magmatic event
hosting numerous Ni-Cu±Co±PGE sulphide occurrences.
 Drill intersections with demonstrable grade and width.
 Sulphide mineralization has consistently high nickel tenor.
 Mineralogical test work indicates potential for good Ni recovery using conventional techniques.
30
Why Own North American Nickel?
The Right Technology
 Application of new technology has lead to better detection and targeting:
 Better detection of geophysical anomalies with helicopter-borne, time domain electromagnetic
(TEM) surveys compared to previous fixed wing airborne surveys.
 Surface gravity helping to outline the sub-surface extents of prospective mafic-ultramafic
intrusions.
 Modern surface and borehole EM surveys expanding and refining the search area in the sub-
surface.
The Right People
 Experienced management and technical team with over 125 collective years of exploration and mining
experience including direct nickel sulphide experience and a track record of discovery.
 Board is well versed in operation of public companies and project financing.
 Advisors have nickel sulphide expertise and long standing experience operating in Greenland.
 Company has strong, strategic investors.
www.northamericannickel.com 31
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
Appendix
 People (Pgs. 33-35)
 Geology (Pgs. 36-37)
 2012–2013 IHC Drilling Highlights (Pg. 38)
 Historical Ni Occurrences (Pg. 39)
32
33
Management & Technical Team
Keith Morrison, P. Geo. – Chief Executive Officer
Over 30 years of international experience in the resources sector with an accomplished background in strategy, finance,
exploration, technology, global operations, capital markets and corporate development. Formerly, Mr. Morrison co-founded
two significant Canadian-based success stories, Quantec and QGX
Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. - President
35 years of industry and government experience; Fellow of Assoc. of Applied Geochemists; former Chief Geologist,
Mineral Deposits Section, Manitoba Geological Survey
Cheryl Messier, CGA - Chief Financial Officer
Over 15 years in finance with last 7 years as CFO or controller in various public companies
Neil Richardson, P. Geo. - Chief Operating Officer
Over 26 years in mineral exploration (base metals, nickel and gold) and mining operations in Canada and overseas;
extensive experience in resource-reserve estimations and operations; Hudbay, Murgor
Patricia Tirschmann, P. Geo., HBSc., M.Sc. - Principal Nickel Geologist
26 years specializing in magmatic nickel-copper sulphide exploration in Canada and overseas including 18 years with
Falconbridge Limited; most recently Vice President Exploration for Continental Nickel Limited
Jim Sparling, P. Geo., B.Sc., MBA - Project Manager
Over 25 years exploring exploring for base metals, gold and nickel; member of Hudbay team who discovered four
economic ore bodies in the Flin Flon-Snow Lake belts; recently COO for Skyline Gold and Exploration Manager for
StrataGold
34
Directors
John Sabine - Non-executive Chairman
Senior Counsel to Bennett Jones LLP with over 40 years of legal expertise in mining, corporate reorganizations, securities,
financings and mergers and acquisitions
Douglas Ford - Director
27 years working in public markets, serving as CFO and board member for a number of junior companies; extensive experience in
corporate finance, financial reporting, compliance, public and media relations and operations
Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. - President
Gilbert Clark - Director
Geologist with more than 13 years of industry experience principally in mining and international resource developments; currently
an Investment Advisor with The Sentient Group, an independent private equity investment firm specializing in the global resources
industry
Jim Clucas - Director
Former Chief Financial Officer of Inco’s Canadian operations and 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; founder of
International Nickel Ventures Inc.; currently President and CEO of Search Minerals
Edward Ford - Director
Chartered accountant and specialist in venture capital and bridge financing; over 40 years experience creating and implementing
financial development plans for client enterprises in Canada and the US
John Roozendaal - Director
20 years of mineral exploration experience; founding director and President of VMS Ventures Inc.; directly involved in the Reed
Copper discovery
35
Advisory Board
Dr. Tony Naldrett
• internationally recognized expert in the field of nickel sulphide mineralization; Professor of Geology at the University
of Toronto from 1967 to 1998; authored or co-authored over 240 refereed papers and 8 books and 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
• former Chairman and CEO of Falconbridge Ltd., Deputy Chairman of Noranda Inc. and CEO of Noranda Minerals Inc;
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; metallurgical engineer with more than 40 years of experience in the mining and
metallurgical industry
Dr. James M. Patterson
• former Geological Consultant, Vice President Exploration and VP & Executive Consultant with FNX Mining
Company Inc.; instrumental in the revival and building of the company from a market capitalization of $20 million to $2.5
billion; over 40 years experience in mineral exploration globally
Mr. Ole Christiansen
• geologist with over 25 years experience in mineral exploration in Greenland; various positions with Nunoil A/S, Ujarak
Minerals ApS and the Greenland Development Corp.; President and CEO of Nuna Minerals A/S since 1999
36
Norite Intrusions
Distinct Appearance
 Rounded hills covered with brownish-
grey, often rusty, rock and coarse
gravel.
 Multi-phase: compositions range from
quartz diorite through norite to
pyroxenite to lherzolite.
 Locally pyroxenes are partially or
completely replaced by hornblende.
Field and Drill Core Observations
 Centre of bodies are massive to weakly
foliated.
 Strain localized near contacts which can
be mylonitized.
 Magmatic textures as well as apparent
remobilization and recrystallization.
 Evidence of interaction with country
rocks; chaotic rock assemblages with
breccia-like textures
37
Sulphide Mineralization
 Consists of monoclinic
pyrrhotite, pentlandite,
chalcopyrite and pyrite
 Often coarse-grained
 Nickel primarily in pentlandite
and likely to produce a clean
concentrate
 Inclusion-bearing sulphides
(i.e. massive sulphide matrix
with fragments of host rock)
is a common texture
 Disseminated, blebby, net
textured and vein sulphides
are also common
38
2012 – 2013 Drilling Highlights at the Imiak Hill
Complex (IHC)
IMIAK HILL
 MQ-13-026: 18.62m @ 4.31% Ni, 0.62% Cu, 0.14% Co
Incl. 4.01m @ 6.04% Ni, 0.64% Cu, 0.19% Co
Incl.7.12m @ 5.18% Ni, 0.81% Cu, 0.17% Co
 MQ-13-028: 24.75 m @ 3.19% Ni, 1.14% Cu, 0.11% Co
Incl. 17.91m @ 3.80% Ni, 1.42% Cu, 0.13% Co
MIKISSOQ
 MQ-13-029: 9.99 m @ 4.65% Ni, 0.33% Cu, 0.13% Co
SPOTTY HILL
 MQ-12-005: 123.94 m @ 0.81% Ni, 0.21% Cu, 0.03% Co & 0.26 g/t TPM
Incl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co & 0.52 g/t TPM
Incl. 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co & 0.6 g/t TPM
* TPM – total precious metals (Au + Pt + Pd)
39
Historical Nickel Occurrences

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Corporate Presentation December 2014

  • 1. Maniitsoq Ni-Cu Sulphide Project, SW Greenland December 2014
  • 2. Forward Looking Statements: 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 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. TSX-V: NAN www.northamericannickel.com 2
  • 3. 3 COMPANY OVERVIEW Exploring for nickel-copper sulphides in Greenland and Canada  Company listed on the TSX-V in May 2011  Corporate head office in Vancouver, Canada  Flagship Maniitsoq project in SW Greenland with district scale land position and significant greenfields Ni-Cu drill intersections  Experienced management, board and advisors with technical and operational nickel expertise  Well financed with strong cornerstone investor
  • 4. 4 CAPITAL STRUCTURE CAPITAL STRUCTURE (As at Dec. 2014) Issued & Outstanding: 169,964,679 Warrants: ($0.21 - $1.00) 25,137,027 Options: 12,603,000 Fully Diluted: 207,704,706 52 Week High/Low $0.65/$0.16 Current Price $0.21 Market Cap $35 million Cash $6.3 million SIGNIFICANT SHAREHOLDERS Sentient Group 41.2% VMS Ventures 22%
  • 5. 5 MANAGEMENT & TECHNICAL TEAM Keith Morrison, P.Geo. Chief Executive Office • Over 30 years experience in the resources sector with a background in strategy, finance, exploration, technology, global operations, capital markets and corporate development. Mark Fedikow, PhD, P. Geo. President • 35 years of industry and government experience • Former Chief Geologist, Mineral Deposits Section (Manitoba Geological Survey) Neil Richardson, P. Geo. Chief Operating Officer • Over 26 years in mineral exploration and mining operations ( Hudbay, Murgor) • Extensive experience in Resource-Reserve estimations Cheryl Messier, CGA Chief Financial Officer • Over 15 years in finance with last 7 years as CFO/controller Patricia Tirschmann, MSc, P. Geo. Principal Nickel Geologist • 26 years specializing in Ni-Cu sulphide exploration • Senior Geologist with Falconbridge Limited and former VP Exploration Continental Nickel Limited Jim Sparling, P. Geo., MBA Project Manager • Over 25 years exploring for base metals and gold • member of Hudbay team with four economic discoveries BOARD OF DIRECTORS John Sabine, Non-executive Chairman • Senior Counsel to Bennett Jones LLP with over 40 years of legal expertise in mining, corporate reorganizations, securities, financings and mergers and acquisitions Douglas Ford • 27 years working in public markets incl. CFO; experience in corporate finance, financial reporting, compliance, public and media relations Mark Fedikow Gilbert Clark • Geologist with over 13 years industry experience incl. mining and international resource developments • Investment Advisor with Sentient Group Jim Clucas • Former CFO of Inco’s Canadian Operations • Founder of International Nickel Ventures Inc. Edward Ford • Chartered accountant and specialist in venture capital and bridge financing • 40 years experience in financial development plans John Roozendaal • Founding director, President and interim CEO of VMS Ventures • 20 years of mineral exploration experience ADVISORY BOARD Mr. Alex Balogh Former Chairman and CEO of Falconbridge Limited Mr. Ole Christiansen CEO of Nuna Minerals A/S, 25 years experience in mineral exploration in Greenland Dr. James Patterson Former VP Exploration of FNX Mining Company Inc. Dr. Tony Naldrett Internationally recognized expert in field of nickel sulphide deposits
  • 6. 6 Maniitsoq Project History and Corporate Financing Apr-Sept 2014 Field Program 3 incl. surface gravity surveys & 8,773m drilling Sept-Oct 2011 SkyTEM survey flown June-Sept 2012 Field Program 1 incl. VTEM survey & 1,550m drilling May 2011 NAN listed on TSXV; Raises $3.2M Aug 2011 Maniitsoq Expl. License Acquired May 2012 $3.4M private placement June 2013 $7.05M private placement June-Sept 2013 Field Program 2 incl. VTEM survey & 4,266m drilling May 2014 $9.38M private placement 2011 2012 2013 2014 123.9m @ 0.81% Ni & 0.21% Cu 18.6m @ 4.31% Ni & 0.62% Cu 16.35m @ 2.51% Ni & 0.77% Cu
  • 8. 8 LOCATION  Located on the southwest coast of Greenland, which is pack ice free year-round.  Mild climate allows for year round mining & shipping of concentrate.  Modern, well serviced container ports and European standard logistical support and coastal re-supply services.  Greenland is a democratic, pro-mining country with a transparent regulatory system, competitive mining tax regime and no land claims issues. Maniitsoq harbour looking east towards the Maniitsoq project on the mainland
  • 9. 9 OVERVIEW  District scale property covering 3,601 sq km in SW Greenland. 100% Owned.  Property covers 75km x 15km Greenland Norite Belt (GNB) hosting numerous mineralized intrusions  Imiak Hill Complex (IHC) comprises three norite bodies within a 2km radius hosting high grade Ni-Cu sulphides (locally > 7% Ni):  Imiak Hill  Spotty Hill  Mikissoq  Significant new Ni-Cu sulphide intersections at regional targets  Over 200 conductive targets identified through helicopter EM (VTEM) geophysical surveys
  • 10. 10 GEOLOGY Nickeliferous Mafic-Ultramafic Intrusions  Concentrated in a 75 x 15km curvilinear belt known as the Greenland Norite Belt  Norites, leuco-norites, pyroxenites & peridotites with surface gossans  Range in size from small dykes and plugs to elongated bodies covering up to 8 km2  Hybridized margins and xenoliths of partially resorbed country rock are common  Age dates of ~ 3.0 Ga Country Rocks  Mesoarchean gneisses of the North Atlantic Craton  Mainly trondhjemitic-tonalitic-granodioritic (TTG) and granitic gneisses  Amphibolite and meta-sedimentary supracrustal rocks  Strongly deformed & metamorphosed
  • 11. 11 EXPLORATION HISTORY (GNB) 1959 – 1973: Kryolitselskabet Øresund (KØ)  Systematic prospecting from the air, shallow-looking surface geophysics (< 50m) and shallow diamond drilling (average hole length <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 surveys or borehole EM 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 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 = Selected Ni-Cu occurrence= Ni-Cu occurrence
  • 12. 12 New Technology Helicopter-borne TDEM Borehole TDEM Surface Gravity The Past  Prospecting, fixed wing airborne EM and shallow surface geophysical surveys  Successful at locating outcropping mineralization but airborne EM surveys hampered by rugged terrain  Historical drilling was shallow and did not include borehole EM The Present  Helicopter-borne EM surveys mantle the terrain and can detect conductors not seen by historical airborne EM surveys > 200 EM anomalies  Surface gravity surveys potentially outline mafic- ultramafic intrusions in the sub-surface  Borehole EM increases “search radius” of drill holes and helps target follow-up drilling ~ 25% of property covered by Helicopter EM
  • 13. 13 IMIAK HILL COMPLEX (IHC) 2012-2013 17 drill holes: 3,248m
  • 14. 14 IHC SULPHIDE MINERALIZATION  Sulphides range from disseminated to net-textured to semi-massive & massive  Evidence of remobilization of SMS and MS (breccias, veins, stringers)  Consists of pyrrhotite (Po), pentlandite (Pn), chalcopyrite (Cp) and pyrite  Often coarse-grained, possibly recrystallized  Nickel primarily in pentlandite (95-96%) MQ-14-037, Imiak Hill 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 Po Cp Pn
  • 15. 15 Nickel Deportment - QEMSCAN Mass(%Ni) Legend Sample Elemental Deportment (Mass % Ni) 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.
  • 16. 16 2014 Drilling Program 8,773m in 39 HOLES Imiak Hill Complex 5,048m in 17 holes Imiak Hill  New high grade Zone 10 intersections  MQ-14-037: 11.03m @ 3.07% Ni & 0.53% Cu incl. 7.04% Ni & 0.25% Cu over 0.63m  MQ-14-072: 16.35m @ 2.51% Ni & 0.77% Cu  Disruption of down plunge extent of zones 10 and 30 by mylonite unit Mikissoq  Mineralization open down plunge to northeast  MQ-14-073: 61.35m @ 0.63% Ni & 0.18% Cu incl. 6.56m @ 1.59% Ni & 0.22% Cu Spotty Hill  Mineralization consists of wide zones of disseminated sulphides with internal zones of highly conductive semi-massive sulphides:  MQ-14-062: 66.00m @ 0.61% Ni & 0.16% Cu & 0.22 g/t TPM incl. 8.55m @ 2.98% Ni & 0.59% Cu & 0.86 g/t TPM  MQ-14-065: 73.49m @ 0.59% Ni & 0.16% Cu & 0.22 g/t TPM incl. 10.60m @ 1.69% Ni & 0.34% Cu & 0.50 g/t TPM  Mineralization open down plunge to southeast
  • 17. AA′ 17 IMIAK HILL COMPLEX (IHC) 2014 17 drill holes: 5,048 m MQ-14-073: 61.35 m @ 0.63% Ni, 0.18% Cu, 0.02% Co Incl. 6.56 m @ 1.59% Ni, 0.22% Cu, 0.04% Co MQ-14-062: 66.00 m @ 0.61% Ni, 0.16% Cu, 0.02% Co, 0.22 g/t TPM Incl. 8.55 m @ 2.98% Ni, 0.59% Cu, 0.10% Co, 0.86 g/t TPM MQ-14-065: 73.49 m @ 0.59% Ni, 0.16% Cu, 0.02% Co, 0.22 g/t TPM Incl. 10.60 m @ 1.69% Ni, 0.34% Cu, 0.05% Co, 0.50 g/t TPM 1.75 m @ 3.01% Ni, 2.80% Cu, 0.11% Co 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 MQ-14-072 (Zone 30): 16.35 m @ 2.51% Ni, 0.77% Cu, 0.08% Co Incl. 6.35 m @ 3.14% Ni, 1.05% Cu, 0.10% Co MQ-14-072 (Zone 10) MQ-14-037 (Zone 10):
  • 18. 18 IMIAK HILL: ZONES 10 & 30 LONGITUDINAL SECTIONS
  • 19. 19 Spotty Hill MQ-14-062 8.55m @ 2.98% Ni, 0.59% Cu & 0.86 g/t Pt+Pd+Au
  • 20. 20 SPOTTY HILL: VERTICAL LONGITUDINAL SECTION
  • 22. CAMP 22 2014 REGIONAL DRILLING HIGHLIGHTS: 20.10m @ 0.63% Ni, 0.20% Cu, 0.18 g/t TPM MQ-14-070 (P-030): 3 high conductance off-hole EM anomalies 1.35m @ 0.60% Ni, 0.09% Cu MQ-14-072 (P-053): 11.00m @ 1.31% Ni, 0.15% Cu Incl. 5.85m @ 2.07% Ni, 0.12% Cu MQ-14-066 (P-013): 5.58m @ 1.72% Ni, 0.26% Cu MQ-14-054 (P-058, Fossilik): 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 MQ-14-041 (P-149, Pingo): IMIAK HILL COMPLEX New intersections of mineralized norite at eight widespread regional locations  Disseminated to semi-massive sulphides (Po-Pn-Cp-Py) Nickel tenors up to ~ 12%  P-053 closest to coast and NAN camp 22 drill holes, 3,725m P-136 P-004 P-146
  • 23. 23 REGIONAL ASSAY HIGHLIGHTS NORTH  MQ-14-041:0.36% Ni, 0.17% Cu & 0.15 g/t TPM over 23.2m incl. 3.31% Ni, 0.61% Cu & 0.27 TPM over 0.5m (P-149 “Pingo”) CENTRAL  MQ-14-054: 1.72% Ni & 0.26% Cu over 5.58m (P-058)  MQ-14-051: 0.94% Ni, 0.17% Cu & 0.99 g/t TPM over 4.31m (P-004)  MQ-14-066: 1.31% Ni & 0.15% Cu over 11.00m (P-013) SOUTH  MQ-14-070: 0.63% Ni, 0.20% Cu & 0.18 g/t TPM over 20.10m (P-030 “Nunanguit”)  MQ-14-071: 0.60% Ni, 0.09% Cu over 1.35m incl. 0.85% Ni, 1.80% Cu over 0.24m (P-053)  3 high conductance off-hole fluxgate EM anomalies correlated with mineralized norite at P-053, high priority drill target Follow-up drilling and continued testing of regional targets planned for 2015
  • 24. Pn 0.50m @ 3.31 % Ni, 0.61% Cu 24 P-149 (Pingo) MQ-14-041 23.2m @ 0.36% Ni, 0.17% Cu & 0.15 g/t TPM
  • 25. 5.6% Ni 25 P-058 High grade massive sulphide veins (avg.) 5.58m @ 1.72% Ni & 0.26% Cu MQ-14-054 6.18% Ni, 0.56% Cu 5.23% Ni
  • 26. 26 P-013 MQ-14-066 5.85m @ 2.07%Ni & 0.12% Cu MQ-14-068 15.85m @ 0.87% Ni & 0.27% Cu Incl. 3.40m @ 2.07% Ni & 0.34% Cu
  • 27. MQ-14-071 44,607S 10,206S 8,902S 194m 27 P-053 Borehole EM Survey Results  150ms fluxgate survey  3 high conductance BHEM anomalies  Correlated with mineralized norite intersected in hole MQ-14-071 0.24m @ 0.85% Ni & 1.80% Cu Cpy-rich Looking North
  • 28. 28 Deposit Model? Similarities to major nickel deposits but unique Geol. Attributes Maniitsoq Observations Nickel Deposits With Similar Attributes Age Archean: ~ 3.0 Ga U-Pb zircon ages for five norite intrusions WA deposits ~ 3.0 – 2.9 Ga Tectonic Setting Large mantle-derived mafic-UM magmatic event at deep level in TTG-Amphibolite crustal terrane 75 x 15km Norite belt, kimberlites & breccia dykes; Amphibolite to granulite facies metamorphism and mylonites ? Magmatic “Architecture” Irregularly shaped to locally linear, deformed intrusions hosted in gneisses Potential conduit systems? Thompson, Voisey’s Bay Chaotic assemblages & Assimilation Yes Wispy, resorbed inclusions and hybridized zones Sudbury, Voisey’s Bay, Noril’sk Sulphides Magmatic & remobilized, possibly recrystallized; Po-Cpy-Pn±Py Range of sulphide textures incl. veins, stringers and breccias; Coarse grained; IHC sulphides zones occur in steeply plunging shoots Thompson, Western Australia Ni deposits, Pechenga Rock Types & MgO% Imiak Norite: 5.7 – 9.6% Spotty Pyroxenite: ~ 22% Opx > Cpx, locally replaced by Hbl Kabanga, Sudbury, Aguablanca Nickel Tenors (in 100% sulphides) 4 – 12% Median: 8.4 (<10% sulphides) 7.1 (>10% sulphides) Thompson, Jinchuan Ni:Cu ratios 1 – 10% Median: 3.1 (< 10% sulphides) 7.4 (> 10% sulphides) Raglan Ni:Co ratios 17 – 37% Median: 27 (<10% sulphides) 31 (>10% sulphides) Sudbury NOTE: Ni tenors, Ni:Cu and Ni:Co ratios summarized from 2012-2013 data
  • 29. 29 Why Own North American Nickel? The Right Commodity  Nickel prices expected to move up in response to future depletion of stockpiles following Indonesian ban on export of raw nickel ore and on continued demand for nickel out of China. The Right Place  Greenland is a democratic, first world, pro-mining political jurisdiction with a transparent regulatory system, a competitive mining tax regime and no land claim issues.  European standard logistical support services readily available.  Southwest Greenland is warmed by the Gulf Stream current and the ocean is navigable year-round. The Right Geology  Maniitsoq’s geology is exemplary for hosting a district scale nickel camp:  75km x 15 km Greenland Norite Belt represents a large scale mafic-ultramafic magmatic event hosting numerous Ni-Cu±Co±PGE sulphide occurrences.  Drill intersections with demonstrable grade and width.  Sulphide mineralization has consistently high nickel tenor.  Mineralogical test work indicates potential for good Ni recovery using conventional techniques.
  • 30. 30 Why Own North American Nickel? The Right Technology  Application of new technology has lead to better detection and targeting:  Better detection of geophysical anomalies with helicopter-borne, time domain electromagnetic (TEM) surveys compared to previous fixed wing airborne surveys.  Surface gravity helping to outline the sub-surface extents of prospective mafic-ultramafic intrusions.  Modern surface and borehole EM surveys expanding and refining the search area in the sub- surface. The Right People  Experienced management and technical team with over 125 collective years of exploration and mining experience including direct nickel sulphide experience and a track record of discovery.  Board is well versed in operation of public companies and project financing.  Advisors have nickel sulphide expertise and long standing experience operating in Greenland.  Company has strong, strategic investors.
  • 31. www.northamericannickel.com 31 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
  • 32. Appendix  People (Pgs. 33-35)  Geology (Pgs. 36-37)  2012–2013 IHC Drilling Highlights (Pg. 38)  Historical Ni Occurrences (Pg. 39) 32
  • 33. 33 Management & Technical Team Keith Morrison, P. Geo. – Chief Executive Officer Over 30 years of international experience in the resources sector with an accomplished background in strategy, finance, exploration, technology, global operations, capital markets and corporate development. Formerly, Mr. Morrison co-founded two significant Canadian-based success stories, Quantec and QGX Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. - President 35 years of industry and government experience; Fellow of Assoc. of Applied Geochemists; former Chief Geologist, Mineral Deposits Section, Manitoba Geological Survey Cheryl Messier, CGA - Chief Financial Officer Over 15 years in finance with last 7 years as CFO or controller in various public companies Neil Richardson, P. Geo. - Chief Operating Officer Over 26 years in mineral exploration (base metals, nickel and gold) and mining operations in Canada and overseas; extensive experience in resource-reserve estimations and operations; Hudbay, Murgor Patricia Tirschmann, P. Geo., HBSc., M.Sc. - Principal Nickel Geologist 26 years specializing in magmatic nickel-copper sulphide exploration in Canada and overseas including 18 years with Falconbridge Limited; most recently Vice President Exploration for Continental Nickel Limited Jim Sparling, P. Geo., B.Sc., MBA - Project Manager Over 25 years exploring exploring for base metals, gold and nickel; member of Hudbay team who discovered four economic ore bodies in the Flin Flon-Snow Lake belts; recently COO for Skyline Gold and Exploration Manager for StrataGold
  • 34. 34 Directors John Sabine - Non-executive Chairman Senior Counsel to Bennett Jones LLP with over 40 years of legal expertise in mining, corporate reorganizations, securities, financings and mergers and acquisitions Douglas Ford - Director 27 years working in public markets, serving as CFO and board member for a number of junior companies; extensive experience in corporate finance, financial reporting, compliance, public and media relations and operations Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. - President Gilbert Clark - Director Geologist with more than 13 years of industry experience principally in mining and international resource developments; currently an Investment Advisor with The Sentient Group, an independent private equity investment firm specializing in the global resources industry Jim Clucas - Director Former Chief Financial Officer of Inco’s Canadian operations and 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; founder of International Nickel Ventures Inc.; currently President and CEO of Search Minerals Edward Ford - Director Chartered accountant and specialist in venture capital and bridge financing; over 40 years experience creating and implementing financial development plans for client enterprises in Canada and the US John Roozendaal - Director 20 years of mineral exploration experience; founding director and President of VMS Ventures Inc.; directly involved in the Reed Copper discovery
  • 35. 35 Advisory Board Dr. Tony Naldrett • internationally recognized expert in the field of nickel sulphide mineralization; Professor of Geology at the University of Toronto from 1967 to 1998; authored or co-authored over 240 refereed papers and 8 books and 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 • former Chairman and CEO of Falconbridge Ltd., Deputy Chairman of Noranda Inc. and CEO of Noranda Minerals Inc; 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; metallurgical engineer with more than 40 years of experience in the mining and metallurgical industry Dr. James M. Patterson • former Geological Consultant, Vice President Exploration and VP & Executive Consultant with FNX Mining Company Inc.; instrumental in the revival and building of the company from a market capitalization of $20 million to $2.5 billion; over 40 years experience in mineral exploration globally Mr. Ole Christiansen • geologist with over 25 years experience in mineral exploration in Greenland; various positions with Nunoil A/S, Ujarak Minerals ApS and the Greenland Development Corp.; President and CEO of Nuna Minerals A/S since 1999
  • 36. 36 Norite Intrusions Distinct Appearance  Rounded hills covered with brownish- grey, often rusty, rock and coarse gravel.  Multi-phase: compositions range from quartz diorite through norite to pyroxenite to lherzolite.  Locally pyroxenes are partially or completely replaced by hornblende. Field and Drill Core Observations  Centre of bodies are massive to weakly foliated.  Strain localized near contacts which can be mylonitized.  Magmatic textures as well as apparent remobilization and recrystallization.  Evidence of interaction with country rocks; chaotic rock assemblages with breccia-like textures
  • 37. 37 Sulphide Mineralization  Consists of monoclinic pyrrhotite, pentlandite, chalcopyrite and pyrite  Often coarse-grained  Nickel primarily in pentlandite and likely to produce a clean concentrate  Inclusion-bearing sulphides (i.e. massive sulphide matrix with fragments of host rock) is a common texture  Disseminated, blebby, net textured and vein sulphides are also common
  • 38. 38 2012 – 2013 Drilling Highlights at the Imiak Hill Complex (IHC) IMIAK HILL  MQ-13-026: 18.62m @ 4.31% Ni, 0.62% Cu, 0.14% Co Incl. 4.01m @ 6.04% Ni, 0.64% Cu, 0.19% Co Incl.7.12m @ 5.18% Ni, 0.81% Cu, 0.17% Co  MQ-13-028: 24.75 m @ 3.19% Ni, 1.14% Cu, 0.11% Co Incl. 17.91m @ 3.80% Ni, 1.42% Cu, 0.13% Co MIKISSOQ  MQ-13-029: 9.99 m @ 4.65% Ni, 0.33% Cu, 0.13% Co SPOTTY HILL  MQ-12-005: 123.94 m @ 0.81% Ni, 0.21% Cu, 0.03% Co & 0.26 g/t TPM Incl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co & 0.52 g/t TPM Incl. 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co & 0.6 g/t TPM * TPM – total precious metals (Au + Pt + Pd)