|
1
|
|
|
2
|
- Press releases, presentations, financial statements, and Management’s
Discussion and Analysis (“MD&A”) of Independent Nickel Corp.
(“Company”), as well as supplemental data about the Company’s property
portfolio and other information, is available on the its Web site at
www.independentnickel.com
- All Company audio, visual and written presentations normally contain
forward-looking statements, including those identified by the
expressions “anticipate”, “believe”, “plan”, “path”, “estimate”,
“expect”, “intend” and similar expressions to the extent they relate to
the Company or its management (“Management”). The forward-looking
statements are not historical facts but reflect the Company’s current
expectations regarding future results or events and are based on
information currently available to Management. Certain material factors and
assumptions are applied in providing these forward-looking statements.
- Management believes that the expectations reflected in forward-looking
statements are based upon reasonable assumptions; however, Management
can give no assurance that actual results will be consistent with these
forward-looking statements. Statements about potential discoveries or
extensions of mineralization and deposits are examples of
forward-looking statements. There is no guarantee that any discovery of
commercial mineralization will be made on the Company’s Lynn Lake
property or other properties. The material factors or assumptions that
were applied in providing these forward looking statements are contained
in various securities filings, including the Company’s MD&A
contained in the 2006 Annual Report and quarterly MD&A’s, all of
which are available on SEDAR at www.sedar.com and the Company’s web
site.
- Undue reliance should not be placed on any of the Company's audio,
visual or written forward-looking statements. Further, a forward-looking
statement speaks only as of the date on which such statement is made.
The Company undertakes no obligation to publicly update any such
statement or to reflect new information or the occurrence of future
events or circumstances, save and excepts as required by applicable
securities laws and regulations.
- The Company’s qualified person, Richard Murphy, is responsible for
verification and quality assurance of any exploration data and
analytical results set forth in this presentation. The Company is in
full compliance with all NI 43-101 rules and regulations.
|
|
3
|
- TSX-listed (TSX: INI)
- Lynn Lake Nickel Asset (Lynn Lake, Manitoba)
- 20 million ton nickel resource
- 16.1 million tons 0.7% Ni and 0.4% Cu. (Measured and Indicated)
- Additional 4.6 million tons 0.6% Ni and 0.3% Cu. (Inferred)
- Numerous additional exploration targets
- Currently in pre-feasibility
- Exploring bioleach as alternative to smelting
- $9 million in working capital
- Minago Royalty Asset
- (3% when NI>$6/lb)
- Property currently in bankable feasibility
- One of four juniors with Nickel resources in Manitoba
|
|
4
|
- 59.9M shares issued
- 74.2M fully diluted
- - 9.9M warrants @ ave. $0.81
- - 4.4M options @ ave. $0.55
- Market Cap. $30M (@$0.50)
- 20% owned by management and friends
- 30% institutionally held
- Float of approx. 30M shares
- Working Capital of $9 million
|
|
5
|
- Richard Murphy, President, CEO and Director
- Guy Mahaffy, Chief Financial Officer and Director
- Thomas Obradovich, Director and Chairman
- Ronald Arnold, Director
- Kerry Knoll, Director
- Conrad Swanson, Director
- Wayne Whymark, Director
|
|
6
|
|
|
7
|
- Operated by Sherritt Gordon from ’53 to ‘76
- The Mine produced 22.2 million tons of ore at an average grade of 1.0%
nickel and 0.5% copper.
- The historic mine operators did not mine all of the ore they had
defined. The mine closed due to
market and labour conditions.
- No re-evaluation of the mine reserves or exploration potential had taken
place in the 30 years since the mine closed.
|
|
8
|
|
|
9
|
|
|
10
|
|
|
11
|
- 100% ownership – no back in, offtake, or royalties
- Measured and indicated mineral resource of 16.1 million tons grading
0.7% nickel and 0.4% copper.
- Additional inferred resource of 4.6 million tons grading 0.6% nickel and
0.3% copper.
- Oct ’06 Preliminary Economic Assessment :
- 10 year mine life using a 0.6% nickel cutoff
- Total profit of over $300 million
- Pre-tax Net present value of $134 million
- Cobalt credits will enhance the economics
- Addition to resource will enhance economics
- Pre-tax NPV of $134M, based on
$6.95/lb nickel and $1.74 copper
- At recent metal prices ($15.00/lb
nickel and 2.25/lb copper),
NPV increases to $1.0 billion
- Currently drilling 20,000 meters
- Pre-Feasibility Expected in October 2007
|
|
12
|
|
|
13
|
- High metal recoveries from Lynn Lake nickel ores
- Nickel recovery of 81.5%;
- Copper recovery of 92.0%;
- Cobalt recovery of 80.5%;
- A high quality mill concentrate containing
- 9.3% nickel,
- 7.5% copper and
- 0.3% cobalt; and
- Favorably low magnesium (MgO) content
of 1.3% in the concentrate.
- High metal recoveries leached
from the concentrate:
- 92.5% for nickel.
- 81.4% for copper and
- 85% for cobalt.
|
|
14
|
- Potential to significantly improve project returns
- Lynn Lake concentrate amenable to bioleaching
- Nickel bearing minerals are pyrrhotite and pendtlandite
- Extractions of 92% Ni possible
- Potential to leverage heat-generating nature of boileach
- KCCL’s Kasese Uganda Cobalt Bioleach plant toured in Oct ’07
- Consulting Engineer has over 15 years bioleach experience
- Involved in development and commercialization of BIOX® technology
|
|
15
|
- Royalty Pays 3% NSR on all mine products when LME nickel prices exceed
$6.00 per pound.
- Nuinsco Resources Limited’s PEA states that NPV of their Minago project
is $334 million using an 8% discount rate and nickel price of $7.43/lb.
- One of the inputs to that NPV is the deduction of “Royalty” payments of
$74 million over a 16 year period, PV of which is $37 million using an
8% discount rate.
|
|
16
|
- Source: Victory Nickel web presentation, March 2007
|
|
17
|
- Manitoba: #1 global mining jurisdiction (Fraser Institute, 2007)
- Independent Nickel (TSX: INI)
- Mustang Minerals (TSX-V: MUM)
- Western Areas NL (ASX: WSA and TSX: WSA)
- 20% ownership of Mustang Minerals
- Lynn Lake
- Crowflight Resources (TSX-V: CML)
- Victory Nickel (TSX: NI)
|
|
18
|
|
|
19
|
- Ownership of 2 quality nickel assets in Manitoba
- 20 million ton nickel resource
- 3% royalty on nickel property in bankable feasibility
- Clear path to production
- Exploration upside
- Well funded
- Undervalued
|
Notes
