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Forward Looking Statements:
Some of the statements contained herein may be forward-lookingstatements which involve known and unknown risks and uncertainties.Without limitation, statements regarding potential mineralization andresources, exploration results, and future plans and objectives of theCompany are forward-looking statements that involve various risks. Thefollowing are important factors that could cause the Company’s actualresults to differ materially from those expressed or implied by suchforward-looking statements: changes in the world wide price of mineralcommodities, general market conditions, risks inherent in mineralexploration, risks associated with development, construction and miningoperations, the uncertainty of future profitability and the uncertainty ofaccess to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and futureevents 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 oropinions should change. The reader is cautioned not to place unduereliance on such forward-looking statements.
TSX-V: NAN
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COMPANY OVERVIEWExploring for nickel-copper sulphides in Greenland and Canada
Prospector and Developer of the Year 2015 Award; Government of Greenland
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 with significant
greenfields Ni-Cu drill intersections
Experienced management, board and advisors
with technical and operational nickel expertise
Well financed with strong cornerstone investor
CAPITAL STRUCTURE (As at May 2015)
Issued & Outstanding: 172,970,855
Warrants: ($0.21 - $1.00) 17,465,572
Options: 13,273,000
Fully Diluted: 203,709,427
52 Week High/Low $0.65/$0.195
Current Price $0.24
Market Cap $41 million
Cash $5.6 million
SIGNIFICANT SHAREHOLDERS
Sentient Group 41.2%
VMS Ventures 22%
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NAN: FOCUSED NiS STRATEGY
Nickel consumption in 2014 was
estimated as 1.92Mt, which is
forecast to increase in 2015 to
1.98Mt, and by a further 2.7% in
2016 to 2.04Mt
This is the equivalent of consuming
10 10MT-2% nickel orebodies every
year
Approximately half of the primary
nickel consumption will take place in
China. China is currently consuming
approx. 900,000t nickel per annum
Approximately 18% of the total
world’s nickel production comes from
Indonesia
Source: CRU, Wood Mackenzie
Strategic Objective: Discover a New Long Term NiS Source
Source: Wood Mackenzie, RNC (Jan 2015)
Depletion of low cost sulphide deposits; supply shifting to higher cost laterite sources
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NICKEL SULPHIDE vs NICKEL LATERITE
73% of the world known nickel resources are found in laterite deposits
Nickel sulphide deposits are being mined faster than they can be discovered
NICKEL SULPHIDE NICKEL LATERITE
Lower unit energy cost Unit energy costs 2 - 5 times higher
well established, conventional extraction process Complex extraction process
Lower cash cost to produce Higher cash cost to produce
Lower environmental impact Increased environmental impact during production
and processing with higher carbon dioxide
emissions and land disruption
Few known, undeveloped high grade nickel
sulphide deposits
Many known and undeveloped nickel laterite
deposits
Source: Mudd, GM, 2009 Nickel Sulphide Versus Laterite: The Hard Sustainability Challenge Remains
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MANAGEMENT & TECHNICAL TEAM
Keith Morrison, P. Geo. – Chief Executive Officer
Over 35 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
Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. - President
40 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 globally;
extensive experience in resource-reserve estimations and operations primarily with Hudbay and Murgor
Patricia Tirschmann, P. Geo., HBSc., M.Sc. – Vice President, Exploration
26 years specializing in magmatic nickel-copper sulphide exploration in Canada and globally 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 for base metals, gold and nickel; member of Hudbay team that discovered four economic ore
bodies in the Flin Flon-Snow Lake belts; recently COO for Snip Gold and Exploration Manager for StrataGold
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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
Keith Morrison, – Chief Executive Officer
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, - 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, Interim CEO and President of VMS Ventures Inc.; directly involved in
the Reed Copper discovery
GREENLAND: OPEN FOR BUSINESS
POPULATION: 59,900
Capital: Nuuk
Government: Greenland is a democratic country
with a transparent regulatory system,
competitive mining tax regime and no land
claims issues
Pro Mining: Committed to resource extraction
A number of mining projects in the Exploitation
permitting process and one in construction
phase.
Government 100% land ownership
Tax and Royalty Rates: Effective Corporate Tax
Rate: 31.8% (same for Greenlandic and foreign
companies); royalty: 5.5% (mining)
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LOCATION AND INFRASTRUCTURE
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
Maniitsoq harbour looking east towards the Maniitsoq project on the mainland
ACCESS GLOBAL MARKETS: SEQI PORT
Situated on the south boundary of the project
Designed to accommodate Panamax vessels up to 55,000 tonnes dry weight.
Nearest nickel processing facility is Vale’s Long Harbour Processing Plant (LHPP) in Newfoundland.
Long Harbour is a state-of-the-art hydrometallurgical plant designed to process concentrate into finished nickel and associated copper and cobalt products. Approximately 2000 kilometres distance.
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Feb 2015 NAN Exclusivity Agreement with Minelco A/B to perform due diligence on Seqi
Benefits include
ownership of key
infrastructure
reduced exploration logistical
costs
reduced project capital
requirements and time-lines
Costs include
maintenance
Environmental monitoring
de-commissioning bond
SEQI PORT ASSIGNMENT
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OVERVIEW
District scale property covering 2,954 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
Systematic exploration benefits from high percentage
of outcrop (>85%) and modern geophysical
technologies.
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GEOLOGY
Nickeliferous Mafic-Ultramafic Intrusions
Concentrated in a 75 x 15km curvilinear belt knownas the Greenland Norite Belt
Norites, leuco-norites, pyroxenites & peridotites with surface gossans
Range in size from small dykes and plugs toelongated 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
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EXPLORATION HISTORY (GNB) 1959 - 2000
1959 – 1973: Kryolitselskabet Øresund (KØ)
Systematic prospecting from the air, shallow-looking
surface geophysics (< 50m) and diamond drilling (avg. <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 incl. DIGHEM survey
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
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NAN - MANIITSOQ PROJECT HISTORY AND
CORPORATE FINANCING
Apr-Sept 2014
Field Program 3
incl. SPEM and 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
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PROGRESSIVE TECHNOLOGYHelicopter-borne TDEM
Borehole TDEM
Surface EM & 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
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
14,589m of drilling: 2/3 at Imiak Hill 1/3 Regional
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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
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′
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IMIAK HILL COMPLEX (IHC) 20145,048m in 17 holes
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):
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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 Hill11.03 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
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NICKEL DEPORTMENT – Imiak Hill Complex
Mass (
% N
i)
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.
CAMP
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2014 REGIONAL DRILLING HIGHLIGHTS:
P-030:
20.10m @ 0.63% Ni, 0.20% Cu, 0.18 g/t TPM
P-053:
3 high conductance off-hole
EM anomalies(1.35m @ 0.60% Ni, 0.09% Cu)
IMIAK HILL
COMPLEX
P-149 (“Pingo”):
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
P-146
P-013:
11.00m @ 1.31% Ni, 0.15% Cu
Incl. 5.85m @ 2.07% Ni, 0.12% Cu
P-058 (“Fossilik”):
5.58m @ 1.72% Ni, 0.26% Cu
P-136
P-004
Mineralized norite at
8 locations spanning entire
length of norite belt
Disseminated to semi-massive
sulphides (Po-Pn-Cp-Py)
Ni tenors up ~ 12%
2014 mineralized norite intersection
2014 mineralized norite intersection
with significant assay results
3,725m in 22 holes
5.6% Ni
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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
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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
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P-053Borehole 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
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NICKEL DEPORTMENT – Regional Samples
Element Mineral Name
P-030Box12.MQ-2014-
070-53.40-
53.50m
P-058Box17.MQ-2014-
054-71.10-
71.26m
P-149Box21.MQ-2014-
041-88.90-
89.00m
P-053Box22.MQ-2014-
071-94.35-
94.50m
P-030Box28.MQ-2014-
070-119.90-
120.00m
P-013 Box30.MQ-2014-
066-133.90-
134.00m
Ni
Pentlandite 93.1 91.2 91.8 90.1 91.1 92.6
Pyrrhotite 6.25 8.69 1.75 7.43 5.24 6.44
Pyrite 0.04 0.03 0.07 0.02 0.07 0.03
Orthopyroxene 0.45 0.01 3.40 0.57 2.48 0.28
Clinopyroxene 0.04 0.00 0.04 0.09 0.03 0.11
Amphibole 0.09 0.02 2.06 1.67 0.84 0.44
Biotite/Phlogopite 0.03 0.05 0.83 0.12 0.19 0.02
Talc 0.01 0.00 0.06 0.02 0.06 0.13
Chlorite 0.00 0.04 0.00 0.00 0.00 0.00
CoPentlandite 64.5 69.6 48.7 74.6 46.7 71.7
Pyrite 35.5 30.4 51.3 25.4 53.3 28.3
Cu Chalcopyrite 100.0 100.0 100.0 100.0 100.0 100.0
Pentlandite is the main nickel-bearing mineral
and contains 90.1 to 93.1% of all the nickel in
the samples.
Total potentially floatable pentlandite
ranges from 96.1 to 97.2%.
Pyrrhotite hosts 1.75 to 6.25% of the nickel.
)
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2015 EXPLORATION PLAN
OBJECTIVES
Identify mineralized zones with tonnage
potential
Complete airborne surveying of current claim
blocks
Field checking of EM targets, mapping &
prospecting
DRILL TESTING
Follow-up of existing mineralization
Down plunge extensions at Spotty,
Mikissoq
Borehole EM anomalies from 2014
Testing of prioritized regional targets
SYSTEMATIC EXPLORATION
Planned Hyperspectral Coverage of GNB
Planned VTEM surveys over target intrusions
and stratigraphy
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SUMMARY: ADVANCED CAMP-SCALE NiS EXPLORATION
FLAGSHIP ASSET - MANIITSOQ
District scale property with widespread NiS
mineralization & high Ni tenors
Located in south-west Greenland
Seqi Port could provide deep water shipping access
SYSTEMATIC EXPLORATION PROCESS
Objective: Identify mineralized zones with tonnage
potential
Refining exploration model & methodologies
Large multi-component exploration and drill program
planned for 2015
Continued exploration of entire property
PEOPLE
Experienced management & technical team
In-house Ni sulphide expertise
Strong cornerstone investor
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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