Corporate presentation nan only june 2014 final

TSX-V : NAN
Maniitsoq Project
Sulphide Hosted Nickel Copper Cobalt & Precious Group Metals
Southwest Greenland
100% Owned
North American Nickel Inc. TSX-V: NANwww.northamericannickel.com

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
2
www.northamericannickel.com

 Acquired the (Sudbury Basin sized) Maniitsoq
property in Greenland in August, 2011; 100% owned
 High grade nickel sulphide mineralization (locally
over 7% nickel at Imiak Hill) intersected in 2013
drilling
 Over +200 conductive target zones identified
through Helicopter EM (VTEM) geophysical surveys
 Extensive prospective belt (15km x 75km) hosting
mineralized intrusions within a large meteor impact
structure
 $11M invested to date; Cash position today $13M
 VMS Ventures holds 22% of NAN shares
 Sentient Group holds 41.2% of NAN shares
(the Sentient Group manages over $2.7B in quality
metal, mineral and energy assets across the globe.)
North American Nickel: Overview
CAPITAL STRUCTURE
(as at June, 2014)
Issued & Outstanding: 169,744,853
Warrants: ($0.21 - $1.00) 25,137,027
Options: 7,687,500
Fully Diluted: 202,569,380
52 Week High/Low $0.47/$0.12
YTD Performance 106%
Current Price $0.44
Market Cap $74 million
3

Why Own North American Nickel?
The Right Geology
 Maniitsoq’s geology is exemplary for district scale nickel potential:
 Abundance of high-grade Ni+Cu±Co±PGE sulphide occurrences throughout a 75 x15 km belt
 Sulphide mineralization has consistently high nickel tenor
 Ni+Cu±Co±PGE occurrences are related to a large-scale, mafic igneous event associated with
major, long-lived structures
 Mineralogical test work indicates potential for good Ni recovery using conventional techniques
The Right Place
 Greenland is a secure, first world political jurisdiction supported by pro-mining government
 Greenland, outside of infrastructure and labor supply, is ranked top 10 in the Fraser Institute’s
annual survey of mining jurisdictions around the world
 In 2013 Greenland issued an exploitation licence to London Mining for the >1 billion tonne Isua
Iron deposit situated 50 km inland from the Maniitsoq project
 Adjacent to tide water that is navigable year-round. Southwest Greenland is warmed by the Gulf
Stream current
4

Why Own North American Nickel?
The Right Technology: “A New Technology in and Old Camp”
 Modern, helicopter-borne, time domain electromagnetic (TEM) technology has proven successful at
locating Ni+Cu±Co±PGE mineralization that previous (large fixed wing) airborne surveys missed due
to difficulties associated with rugged terrain
The Right People
 Excellent technical team with over 150 years of exploration and mining experience
 Management has a discovery track record
 VMS Ventures Reed Lake Copper Mine, Manitoba
 NAN has strong strategic investors
 The Sentient Group owns 41.2%
 VMS Ventures Inc. owns 22%
5

High Grade Results at the
Imiak Hill Conduit Complex (IHCC)
6
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
IMIAK NORTH
 MQ-12-005: 123.94 m @ 0.81% Ni, 0.21% Cu, 0.03% Co
Incl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co
Incl. 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co
SPOTTY HILL
 MQ-13-029: 9.99 m @ 4.65% Ni, 0.33% Cu, 0.13% Co

Nickel Supply/Demand: In Our Favor
 The Nickel market is likely to face large deficits in 2nd half of this decade – only a doubling of NPI output could
balance it (difficult given Indonesian ore constraints combined with Chinese cost pressures) Nickel prices, as in
2005‐2007, will likely have to rise to force demand in line with available supply.
 China is going to need 1+ MILLION tonnes more nickel annually during this decade and ROW will
also need more.
 Supply response will be structurally insufficient as current projects under construction only
provide half this requirement (at best, as many are struggling) and “project cupboard” is largely
empty ‐ underpinned by 35+ years of underdevelopment.
Courtesy of Royal Nickel
Presentation, Jakarta
7

www.northamericannickel.com 8www.northamericannickel.com North American Nickel Inc. TSX-V: NAN
Maniitsoq Project 2014
 Building High Grade Tonnage at IHCC
 Exploration Drilling at Regional Targets
Throughout the Greenland Norite Belt

Location
Maniitsoq harbour looking east
towards the Maniitsoq project on the mainland
 Located on the southwest coast of Greenland, which
is pack ice free year-round.
 Maniitsoq’s mild climate allows for all year round
mining & shipping of concentrate.
 Greenland is a democratic, pro-mining country with a
transparent regulatory system, competitive mining
tax regime and no land claims issues.
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
9

 Greenland’s capital, Nuuk, is 30 minutes by helicopter and
provides European standard coastal re-supply and logistics
facilities 4 to 6 hours shipping time to Maniitsoq coastline.
 Maniitsoq is a greenfields nickel sulphide exploration project
with valuable by-products.
 NAN owns 100% of Maniitsoq via two contiguous exclusive
mineral exploration licences covering 3,601 km2.
 Maniitsoq has the scale and the potential metal
endowment to be the world’s next nickel sulphide
province.
www.northamericannickel.com 10
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Property

Deposit Model
 Mantle melting (possibly in response to a giant impact).
 Hot ultramafic magma flows to surface through a
“conduit system” comprised of restricted conduits
and larger magma chambers.
 Hot magma assimilates country rock (locally sulphidic)
resulting in sulphur saturation and production of a
sulphide liquid.
 Ni+Cu+Co±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+Co±PGE sulphides.
 Erosion levels will likely vary considerably across the
project area exposing many different levels of the conduit
system.
Modified after Maier et al., 2001www.northamericannickel.com
11
J. Mungall, Ni Short Course Fig 4
Potential Sulphide
Accumulation Sites
in a Magma Conduit

The Problem
 Historical exploration relied on surface
prospecting augmented by surface and fixed wing
geophysical surveys.
 Surface prospecting was successful at locating
outcropping mineralization but airborne and
surface geophysics were unable to detect much
in the subsurface because they were hampered
and severely impaired by the rugged terrain.
 Historical drilling was shallow (average hole
length <55 meters) and could not successfully
follow mineralized zones because there was little,
or no, geophysical data to guide it.
The Solution
 Helicopter-borne time domain EM (TDEM) hugs
the terrain and detects mineralization not seen by
the historical airborne and surface surveys.
 Borehole TDEM greatly increases the “search
radius” of our holes and allows us to model
conductors related to sulphide mineralization in
three dimensions.
Helicopter & Borehole TDEM at
Maniitsoq
12
New Technology in an Old Camp

Imiak Hill Conduit Complex (IHCC)
 12 km2 area at north end
of the Greenland Norite
Belt.
 Three mineralized
norites within a 2 km
radius
 Imiak Hill
 Imiak North
 Spotty Hill
 Only 25 km from nearest
tide water at Kangia
Fjord.
13
Hosts Strongest Mineralization Discovered To Date

Imiak Hill Conduit Complex:
Three Mineralized Intrusions
14

Imiak Hill Longitudinal Section
 NAN’s 2013 drilling has intersected Zones 10 and 30 at
depth. Deepest intersection is 185m vertically below
surface.
 Zone 30 sulphide mineralization is increasing in intensity
with depth.
MQ-13-023 (Zone 10)
10.33m (5.94m) @ 1.10% Ni, 0.38% Cu
MQ-13-028 (Zone 30)
24.75m (11.08m) @ 3.19% Ni, 1.14% Cu
MQ-13-026 (Zone 30)
25.51m (11.94m) @ 3.25% Ni, 0.48% Cu
MQ-13-019 (Zone 30)
8.68m (5.58m) @ 1.53% Ni, 0.43% Cu
MQ-13-024 (Zone 30)
14.90m (8.33m) @ 2.67% Ni, 0.39% Cu
 MQ-13-019: 8.68m (5.58m)* @ 1.53% Ni, 0.43% Cu, 0.06% Co
 MQ-13-024: 14.90m (8.33m)* @ 2.67% Ni, 0.39% Cu, 0.09% Co
 MQ-13-026: 25.51m (11.94m)* @ 3.25% Ni, 0.48% Cu, 0.11% Co
Incl. 18.62m (8.70m)* @ 4.31% Ni, 0.62% Cu, 0.14% Co
 MQ-13-028: 24.75 m (11.08m)* @ 3.19% Ni, 1.14% Cu, 0.11% Co
Incl. 17.91m (8.10m)* @ 3.80% Ni, 1.42% Cu, 0.13% Co
And 2.40 m (1.10m)* @ 4.44% Ni, 1.13% Cu, 0.15% Co
 BHEM response is also increasing with depth.
 Open at depth.
*Estimated true width is shown in brackets
15
2013: Oct. 10, 2013 News

Imiak North Discovery:
9.99 m @ 4.65% Ni
55.75 m @ 1.28% Ni, 0.36% Cu, 0.04%Co, 0.06 g/t TPM
Incl. 9.99 m @ 4.65% Ni, 0.33% Cu, 0.13% Co, 0.14 g/t TPM
64.11 m @ 0.44% Ni, 0.20% Cu, 0.01%Co, 0.04 g/t TPM
Incl. 24.98 m @ 0.71% Ni, 0.31% Cu, 0.01% Co, 0.07 g/t TPM
16

2013 ADDITIONAL DRILLING:
2012 DISCOVERY:
Spotty Hill:
Mineralized to 145m and Open at Depth
123.94 m of high grade sulphides in hole MQ-12-005.
119 m of anomalous mineralization in MQ-12-009.
Significant 2012 Drill intersections from
Spotty Hill
123.94 m @ 0.81% Ni, 0.21% Cu, 0.03% Co, 0.26 g/t PGM
Incl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co, 0.52 g/t PGM
Incl. 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co, 0.60 g/t PGM
MQ-13-022
Collared 53 m southeast of MQ-12-005.
Intersected 20.07 m grading 0.68% Ni, 0.28% Cu,
0.02% Co and 0.32 g/t TPM.
Including 2.07 m assaying 2.03% Ni, 0.11% Cu,
0.07% Co and 0.78 g/t TPM.
17

18
Fossilik Area:
Additional Tonnage Potential for an IHCC
Mining Complex
Hole MQ-13-018
3 zones of disseminated mineralization:
 32.19m @ 0.59% Ni, 0.18% Cu, 0.21 g/t TPM*
Incl. 4.53m @ 1.06% Ni, 0.23% Cu, 0.33 g/t
TPM*
 26.00m @ 0.24% Ni, 0.11% Cu, 0.16 g/t TPM*
Incl. 9.00m @ 0.42% Ni, 0.15% Cu, 0.27 g/t
TPM*
 8.71m @ 0.26% Ni, 0.15% Cu, 0.12 g/t TPM*
*TPM = total precious metals (Pt+Pd+Au)
 Within 10 km of the IHCC
 New discovery: MQ-13-018
 Two historical occurrences with
grades up to 2.24% Ni and 0.63%
Cu plus a new discovery in hole
MQ-13-018

2014 Field Program
19
Two-Drill Program
Drill One
 Dedicated to the Imiak Hill Conduit Complex
(IHCC)
 Imiak Hill
 Imiak North
 Spotty Hill
Drill Two
 Regional targets throughout the Greenland
Norite Belt and project area.
 Current regional targets are indicated on map.
Crone BHEM crew will be on site to survey holes
as they are completed.
Other 2014 Activities
 Focussed surface geophysics at IHCC and
other selected targets.

Advisory Board
Dr. Tony Naldrett: Tony is an internationally recognized expert in the field of nickel sulphide mineralization and was
Professor of Geology at the University of Toronto from 1967 to 1998. He has authored or co-authored over 240 refereed papers and
8 books and has supervised 15 M.Sc. and 16 Ph.D. students and 15 Postdoctoral Fellows with focus on magmatic nickel, copper
and platinum-group element sulphide deposits, worldwide.
Mr. Alex Balogh: Alex is the former Chairman and CEO of Falconbridge Ltd., Deputy Chairman of Noranda Inc. and CEO of
Noranda Minerals Inc. He has served as Chairman and Director for various mining organizations, sits on The Sentient Council and
is a current member of the Advisory Board of Hatch Associates. Mr. Balogh is a metallurgical engineer and has more than 40 years
of experience in the mining and metallurgical industry.
Dr. James M. Patterson , P.Geo., Ph.D. , Technical Advisor: James is the former Geological Consultant, Vice President
Exploration and VP & Executive Consultant with FNX Mining Company Inc. He was instrumental in the revival and building of
the company from a market capitalization of $20 million to $2.5 billion. Dr. Patterson has over 40 years experience in mineral
exploration globally. Dr. Patterson received his Ph.D. Mining Geology from the University of London, England, Diploma of Imperial
College from Imperial College, London, England, BA (Honours) in Natural Sciences – Geology from Trinity College, University of
Dublin, Ireland, and has over 25 publications on mineral exploration.
Independent Directors
Gilbert Clark, Director, NAN: Mr. Clark is a European based Geologist with more than 13 years of industry experience; principally
in mining and international resource developments. He is currently an Investment Advisor with The Sentient Group, an
independent private equity investment firm specializing in the global resources industry.
Jim Clucas, Director & Audit Committee Member, NAN: Jim was Chief Financial Officer of Inco’s Canadian operations and
has been involved in the development of several mineral deposits, including the Snow Lake Mine (High River Gold Mines), Montana
Tunnels (Pegasus Mining) and the Fenix Project in Guatemala. He was the founder of International Nickel Ventures Inc. which
acquired and developed the Santa Fe/Ipora Nickel Laterite deposit in Brazil. Jim is currently President and CEO of Search Minerals.
Advisory Board & Independent Directors
20

Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. Interim CEO, President & Director NAN: Mark has 35
years of industry and government experience, including Chief Geologist of the Mineral Deposits Section in Manitoba.
He is a recipient of the Canadian national award for outstanding geoscientific achievement.
Neil Richardson P. Geo. COO, NAN: Neil has a long history of mineral exploration and mining experience with
Hudbay Minerals and others. As the COO of both companies, Neil is responsible for creating and implementing
exploration and development programs.
John Pattison, P. Geo., B.Sc. Chief Geologist NAN: John worked with Falconbridge Limited and associated
companies for 19 years managing base metal, PGE and gold exploration projects throughout Canada and southern
Africa. He has led the Maniitsoq Project since its inception at NAN in 2011.
Jim Sparling, P. Geo., B.Sc., MBA Project Manager NAN: Jim has worked for over 25 years in the exploration
industry, most recently as COO for Skyline Gold and Exploration Manager for StrataGold, He is the principal geologist
for the Maniitsoq Project in Greenland.
John Roozendaal B.Sc, Director of NAN; President of VMS Ventures: John was the founding director of VMS
Ventures Inc. He has 20 years of Mineral Exploration experience and was directly involved in the Reed Copper
discovery.
NAN Management
21

Appendix
Maniitsoq Project:
 Economic Geology (Pgs. 23-27)
 Exploration History (Pgs. 28-29)
22

Project Geology
Nickeliferous Noritic Intrusions
 Concentrated in a 75 x 15 km curvilinear belt
known as the Greenland Norite Belt.
 Range in size from small dykes and plugs to
elongated bodies covering up to 8 km2. (Fossilik
intrusion, new discovery Sept. 26, 2013).
 Hybridized margins and xenoliths of partially
resorbed country rock are common.
 Believed to represent open ended magma
conduits.
Country Rocks
 Mesoarchean gneiss (mainly TTG) and
amphibolite (volcano-sedimentary rocks that are
often sulphide-bearing).

Norite Intrusions
Distinct Appearance
 Rounded hills covered with brownish-
grey, often rusty, coarse gravel.
 Multi-phase: compositions range from
quartz diorite, through norite, to
lherzolite. Gabbronorite is most
common.
 Locally pyroxenes are partially or
completely replaced by hornblende.
Post Kinematic
 Massive, little or no foliation except at
margins.
 Magmatic textures are well preserved.
 Contacts often crosscut country rock
foliation.

Sulphide Mineralization
 Consists of monoclinic
pyrrhotite, pentlandite,
chalcopyrite and pyrite.
 Often coarse-grained.
 Likely to produce a clean
concentrate.
 Inclusion-bearing sulphide
(i.e. solid sulphide matrix with
fragments of host rock) is a
common texture.
 Disseminated, blebby, net
texture and vein sulphides
are also common.
25

Nickel Deportment - QEMSCAN
Mass(%Ni)
Legend
Pentlandite is the main nickel-
bearing mineral and contains 95.5
to 96.3% of all the nickel in the
samples.
Total potentially floatable
pentlandite ranges from 96.3 to
97.6%.
Pyrrhotite hosts 2.71 to 4.03% of
the nickel.
Silicates host < 1% of the nickel.
Sample
26
Elemental Deportment (Mass % Ni)

NAN’s 2012 Drill Program
1,551 METERS in 9 HOLES in 3 AREAS
 Spotty Hill VTEM conductor P-55 tested intercepts:
 123.94 m at 0.81% Ni, 0.21% Cu and 0.03% Co
incl. 24.20 m at 1.75% Ni, 0.34% Cu and 0.06% Co
 Imiak Hill VTEM Conductor P-54 tested intercepts:
 26.98 m at 0.98% Ni, 0.44% Cu and 0.04% Co
incl. 16.64 m at 1.36% Ni, 0.52% Cu and 0.05% Co
 Fossilik II VTEM conductors P-58 & P-59 tested:
 Anomalous mineralization and off hole BHEM conductors
 Follow-up planned in 2014
27

Historical Work
 Kryolitselskabet Øresund, 1962 to 1973: extensive
mapping, prospecting defining the trend and shallow
diamond drilling (average hole length <55 m), no subsurface
geophysical modelling to orientate drilling but some success:
Fossilik II: 12.89 m @ 2.24% Ni and 0.63% Cu
 Cominco & Falconbridge, 1993 to 2000: Cominco flies
extensive fixed wing time domain EM unsuited to undulating
terrain and hampered by flight path.
 Falconbridge completed surface magnetic and EM surveys,
plus extensive high quality re-analysis of historical core that
confirmed historical high-grade assays and establish
Maniitsoq nickel tenor.
 Neither Cominco nor Falconbridge did any drilling.
28

Nickel Tenor
Ni vs. S for Historical GNB Drill Core
 Nickel tenor is the amount of nickel in
pure sulphide and it tends to be
consistent on a deposit scale.
 Falconbridge studied core from drill
holes throughout the entire 75km long
Greenland Norite Belt.
 The norite-hosted sulphides have a
remarkably consistent nickel tenor of
6 to 8% nickel recalculated to 100%
sulphide.
The Nickel Calculator
29

Corporate presentation nan only june 2014 final

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