3. 3
CORPORATE OVERVIEW
Flagship Maniitsoq project in SW Greenland with
District scale land position and significant Ni-Cu
intersections
Land package in established Sudbury nickel camp
Experienced management, board and advisors with
technical and operational nickel expertise
Well financed with strong cornerstone investor
CAPITAL STRUCTURE (As at Nov. 2014)
Issued & Outstanding: 169,964,679
Warrants: ($0.21 - $1.00) 25,137,027
Options: 11,253,000
Fully Diluted: 206,354,706
52 Week High/Low $0.65/$0.16
Current Price $0.21
Market Cap $35 million
Cash $6.8 million
SIGNIFICANT SHAREHOLDERS
Sentient Group 41.2%
VMS Ventures 22%
4. 4
Why Own North American Nickel?
The Right Geology
Maniitsoq’s geology is exemplary for hosting a district scale nickel camp:
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-ultramafic magmatic event
associated with major, long-lived structures
Mineralogical test work indicates potential for good Ni recovery using conventional techniques
The Right Technology:
Application of new technology has lead to better detection and targeting
Modern, helicopter-borne, time domain electromagnetic (TEM) technology has proven
successful at locating Ni-Cu±Co±PGE mineralization that previous fixed wing airborne
surveys missed due to difficulties associated with rugged terrain.
Surface gravity has the potential to outline the sub-surface extents of prospective mafic-ultramafic
intrusions
Modern surface EM surveys have enhanced depth penetration
Borehole EM is helping to target mineralization in the subsurface
5. 5
Why Own North American Nickel?
The Right Place
Greenland is a secure, first world political jurisdiction supported by a 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 license to London Mining for the >1 billion tonne Isua
Iron deposit situated 50 km inland from the Maniitsoq project. Six mineral exploitation licenses
were issued during period 2003-2014
Adjacent to tide water that is navigable year-round. Southwest Greenland is warmed by the Gulf Stream
current
The Right People
Highly experienced management and technical team with over 125 collective years of exploration and
mining experience and a track record of discovery
VMS Ventures Reed Mine, Manitoba
Board well versed in operation of public companies and financing; advisors with specialized experience in
nickel and also operating in Greenland
NAN has strong strategic investors
The Sentient Group owns 41.2%
VMS Ventures Inc. owns 22%
6. 6
MANAGEMENT & TECHNICALTEAM
MarkFedikow, PhD, P. Geo.
President & Interim CEO
•39 years of industry and government experience
•Former Chief Geologist, Mineral Deposits Section
(Manitoba Geological Survey)
Neil Richardson, P. Geo.
Chief Operating Officer
•Over26 years in mineral exploration and mining operations
( Hudbay, Murgor)
•Extensive experience in Resource-Reserve estimations
CherylMessier, CGA
Chief Financial Officer
•Over 15 years in finance with last 7 years as CFO/controller
Patricia Tirschmann, MSc, P. Geo.
PrincipalNickel 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
BOARDOF 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, Audit Committee
•27 years working in public markets incl. CFO; experience in corporate finance, financial reporting, compliance, public and media relations
MarkFedikow
Gilbert Clark
•Geologistwith over 13 years industry experience incl. mining and
international resource developments
•Investment Advisor with Sentient Group
Jim Clucas, Chairman of the Audit Committee
•FormerCFO of Inco’s Canadian Operations
•Founder of International Nickel Ventures Inc.
Edward Ford, AuditCommittee
•Chartered accountant and specialist in venture capital and
bridge financing
•40 years experience in financial development plans
John Roozendaal
•Foundingdirector and President of VMS Ventures
•20 years of mineral explorationexperience
ADVISORY BOARD
Mr.Alex Balogh Former Chairman and CEO of Falconbridge Limited
Mr. Ole Christiansen CEOof Nuna Minerals A/S, 25 years experience in mineral exploration in Greenland
Dr. James Patterson Former VP Explorationof FNX Mining Company Inc.
Dr. TonyNaldrett Internationally recognized expert in field of nickel sulphide deposits
7. 7
Maniitsoq Project History and Corporate Financing
Apr-Sept 2014
Field Program 3
incl. surface gravity
surveys & 8,773m drilling
Sept-Oct 2011
SkyTEMsurvey
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
8. 8
High Grade Results 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)
10. 10
PROJECT 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
Three norite bodies (Imiak Hill, Mikissoq & Spotty Hill)
within a 2km radius which comprise the Imiak Hill
Complex (IHC)
High grade nickel sulphide mineralization (locally over
7% Ni) intersected in 2013 and 2014 drilling at Imiak
Hill
Multiple new intersections of mineralized norite at
regional targets in 2014
Over 200 conductive targets identified through
helicopter EM (VTEM) geophysical surveys
11. 11
LOCATION
Located on the southwest coast of Greenland, which
is pack ice free year-round.
Maniitsoq’s mild climate allows for year round mining
& shipping of concentrate.
Nuuk has modern, well serviced container port 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.
12. 12
PROPERTY
Property consists of two exploration licenses
totalling 3,601 km2
95 km N-S by up to 65 km E-W
Camp located on coastal inlet
Capital of Nuuk ~ 45 minutes by helicopter and
3.5 to 4 hours by boat
13. 13
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
Akia Terrane: Mainly trondhjemitic-tonalitic-granodioritic
(TTG) and granitic gneisses
Amphibolite and meta-sedimentary supracrustal rocks
Strongly deformed & metamorphosed
14. 14
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
= Ni-Cu occurrence = Selected Ni-Cu occurrence
15. 15
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
17. 17
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 (Cpy) 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
Cpy
Pn
18. 18
IMIAK HILL COMPLEX (IHC) 2014
17 drill holes: 5,048 m
MQ-14-072 (Zone 10):
19.50 m: Net-textured to semi-massive
sulphides, assays pending
MQ-14-037 (Zone 30):
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-14-073:
5.60 m: Net-textured to semi-massive
sulphides, assays pending
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
MQ-14-058:
130.56 m @ 0.28% Ni, 0.08% Cu, 0.01% Co, 0.10g/t TPM
Incl. 38.65 m @ 0.52% Ni, 0.16% Cu, 0.02% Co, 0.18 g/t TPM
and 10.50 m @ 0.55% Ni, 0.11% Cu, 0.02% Co, 0.20 g/t TPM
A A′
21. 21
2014 REGIONAL DRILLING HIGHLIGHTS
New intersections of mineralized norite
at eight widespread regional locations
Disseminated to semi-massive sulphides
Pyrrhotite- Chalcopyrite-Pentlandite
Nickel tenors up to ~ 12%
P-053 closest to coast and NAN camp
22 drill holes: 3,725m
23. 5.6% Ni
23
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
24. 24
P-013
MQ-14-066
5.58m @ 2.07%Ni & 0.12% Cu
MQ-14-068
3.4m @ 2.07% Ni & 0.34% Cu
25. MQ-14-071
44,607S
10,206S
8,902S
194m
25
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
26. 26
Deposit Model?
Similarities to major nickel deposits but unique
Characteristics Maniitsoq Observations
Age Archean: ~ 3.0 Ga U-Pb zircon ages for five norite intrusions
Tectonic Setting Deeply eroded, rifted cratonic
margin with evidence of large
magmatic event
TTG assemblage; carbonatites &
kimberlites; norite belt & dyke swarms;
high grade metamorphism and mylonites
Magmatic
“Architecture”
Irregularly shaped to locally
linear, deformed, intrusive bodies
Potentially conduit systems
Evidence of
Contamination
Yes Wispy fragments and hybridized zones
Sulphides Magmatic & remobilized,
possibly recrystallized;
Po-Cpy-Pn±Py
IHC Mineralization concentrated into
steeply plunging zones
MgO% Imiak Norite: 5.7 – 9.6%
Spotty Pyroxenite: ~ 22%
Opx > Cpx, locally replaced by Hbl
Nickel Tenors
(in 100% sulphides)
4 – 12% Median: 8.4 (<10% sulphides)
7.1 (>10% sulphides)
Ni:Cu ratios 1 – 10% Median: 3.1 (< 10% sulphides)
7.4 (> 10% sulphides)
Ni:Co ratios 17 – 37% Median: 27 (<10% sulphides)
31 (>10% sulphides)
27. www.northamericannickel.com
27
SUMMARY
District scale property with potential to host new nickel camp
High grade Ni-Cu at IHC and new regional Ni-Cu discoveries
Rapidly evolving exploration model and methodologies
Large exploration program planned for 2015
Project underpinned by experienced management and board and
supported by strong cornerstone investor
28. Appendix
Economic Geology (Pgs. 28-30)
2014 Drilling Program (Pgs. 31-32)
Historical Ni Occurrences (Pg. 33)
28
29. 29
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
30. 30
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
31. 31
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.
32. 32
2014 Drill Program 8,773m in 39 HOLES
Imiak Hill Complex 5,048m in 17 holes
Imiak Hill
New Zone 30 intersection
MQ-14-037: 11.03m @ 3.07% Ni & 0.53% Cu incl. 7.04% Ni & 0.25% Cu over 0.63m
Expansion of Zone 10
MQ-14-072: 19.5m of net-textured to semi-massive sulphides, assays pending
Disruption of down plunge extent of zones 10 and 30 by mylonite zone
Mikissoq
Mineralization expanded down plunge to northeast
MQ-14-073: 45.6m of disseminated mineralization & 5.6m of net-textured to semi-massive sulphides,
assays pending
Spotty Hill
Mineralization consists of wide zones of disseminated sulphides with internal zones of highly conductive
semi-massive sulphides
MQ-14-058: 130.56m @ 0.28% Ni, 0.08% Cu & 0.10 g/t TPM incl. 0.52% Ni over 38.65m and
0.55% Ni over 10.5m
assays pending for heavily disseminated to semi-massive sulphide intervals in holes
MQ-14-062 and 065
Mineralization open down plunge to southeast
33. 33
2014 Drill Program
Regional Targets 3,725m in 22 holes
14 widely spaced regional targets tested
19 of 22 holes intersected prospective noritic and gabbroic rocks
New intersections of mineralized norite at eight locations:
P-149, P-146, P-136, P-004, P-058, P-013, P-030 & P-053
MQ-14-057: 1.72% Ni & 0.26% Cu over 5.58m (P-058, center of property)
MQ-14-051: 0.94% Ni, 0.17% Cu & 0.99 g/t TPM over 4.31m (P-004)
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, north end of property)
Assay pending for holes at P-013, P-030 and P-053
3 high conductance off-hole fluxgate EM anomalies correlated with mineralized norite
at P-053 (south end of property)
Follow-up drilling and continued testing of regional targets planned for 2015