Delivering the Next Generation of Nickel Sulfide Projects
This Canada Nickel profile is part of a paid investor education campaign.*
Canada Nickel (TSXV:CNC, OTC:CNIKF) is a resource company advancing the next generation of high-quality exploration projects across Canada, including the Crawford nickel–cobalt PGM project. The company’s flagship project is located in Ontario’s Timmins mining camp, which includes major mining infrastructure such as the Kidd Creek Mill and Hoyle smelter and refinery.
Canada Nickel’s flagship Crawford project hosts an eight-kilometer long ultramafic geophysical anomaly, including nickel and cobalt-bearing minerals similar to the Dumont Nickel deposit, one of the world’s largest nickel-sulfide deposits. Canada Nickel filed its maiden resource on the Crawford nickel-cobalt sulfide project in February of 2020, including a measured and indicated resource of approximately 263 million tonnes at 0.31 percent nickel, 0.013 percent cobalt, and 0.038 g/t palladium and platinum.
An independent technical report was filed on the Crawford property in April 2020, supporting the existing resource estimate on the property. In June 2020, Canada Nickel announced the company had begun its Preliminary Economic Assessment (PEA) for the Crawford nickel-cobalt-sulfide project, retaining Ausenco Engineering Canada Inc. as the lead study consultant.
“I am very pleased to be working again with Ausenco, who bring extensive experience from their work on the Dumont nickel-cobalt project and other large-scale open-pit mine-mill operations. We remain committed to aggressively advancing Crawford, one of the leading next-generation nickel-cobalt sulfide and palladium projects, and these appointments will help us maintain the momentum we have generated to date,” said Mark Selby, CEO and Chairman of Canada Nickel.
In October 2020, the company provided a mineral resource update on the project, which included defining and increasing the Main Higher Grade Zone and establishing an initial resource in the East Zone.
With completed financing, the company is on track to advance the project towards a feasibility study by the end of 2021.
Global nickel demand driven by its use in stainless steel and electric vehicle batteries is expected to drive the market moving forward, according to Roskill’s Nickel Outlook. The company projects that nickel use in electric vehicle batteries could grow to represent approximately 15 to 20 percent of nickel demand by the year 2029.
Canada Nickel’s Company Highlights
- Maiden resource at Crawford contains a measured and indicated resource of approximately 263 million tonnes at 0.31 percent nickel, 0.013 percent cobalt, and 0.038 g/t palladium and platinum
- Commenced a PEA on the Crawford nickel-cobalt-sulfide project with Ausenco Engineering Canada as the lead study consultant
- Initial resource at Crawford ranks as one of the 12 largest nickel sulfide resources in the world
- Crawford nickel-cobalt-sulfide project is located in the Timmins mining camp in Ontario, home to a 100 year mining history
- Timmins mining camp hosts all major infrastructure nearby, including the Kidd Metallurgical Site
- Nickel demand expected to be driven by use in electric batteries, projected to represent 15-20 percent of nickel demand by 2029 according to Roskill
- 4,909 hectare Crawford Annex property acquired in March 2020, giving Canada Nickel access to five additional Crawford targets
Canada Nickel’s Crawford Project
Canada Nickel’s flagship Crawford nickel-cobalt-sulfide project is located in Ontario’s Timmins mining camp, which is home to nearby mining infrastructure including the Kidd Metallurgical Site. The Timmins mining camp has a 100 year history of mining activity.
Canada Nickel filed its maiden resource at the Crawford project in February 2020, including a measured and indicated resource of approximately 263 million tonnes at 0.31 percent nickel, 0.013 percent cobalt, and 0.038 g/t palladium and platinum. Existing exploration establishes the resource as one of the 12 largest nickel sulfide assets in the world.
The company provided a mineral resource update for the project in October 2020. The update reported that measured resources in the Main Higher Grade Zone measured increased by 162 percent to 153 million tonnes (Mt) at 0.32% nickel and the total measured and indicated resource increased by 9 percent to 657 Mt at 0.26 percent nickel for 1.7 Mt nickel. Lastly, the total inferred resource increased by 121 percent to 646 Mt at 0.24 percent nickel for 1.6 Mt nickel, including an increase of 50 percent in the Main Zone (433 Mt at 0.23 percent nickel) and an initial resource from the East Zone of 213 Mt at 0.24 percent nickel (505,000 tonnes nickel).
The Crawford property was previously explored by Inco in the 1960s in each large anomaly, with minimal exploration conducted in the following decades. The land package was then owned by a forestry company before being acquired by Noble Mineral Exploration (TSXV:NOB,OTC Pink:NLPXF,FSE:NB7) for resource purposes again in 2011. In December of 2019 ownership of the Crawford project was transferred from Noble Mineral Exploration to Canada Nickel in exchange for 12 million shares of Canada Nickel and $2 million in cash.
Canada Nickel believes the Crawford nickel-cobalt-sulfide project shares similarities to the Dumont project. The Dumont deposit contains approximately 6.1 billion pounds of nickel in proven and probable reserves, with another 9.75 billion pounds of nickel resources in the measured and indicated category.
Canada Nickel’s Crawford Annex Property
The 4,909 hectare Crawford Annex property and five other option properties ranging in size of 903 to 5,543 hectares give Canada Nickel access to five additional Crawford high potential nickel targets.
The agreement provides Canada Nickel with a larger footprint from which to develop Crawford, which the company believes could help in its future exploration efforts. Under the terms of the agreement with Noble Minerals, Canada Nickel has agreed to pay Noble $500,000 in cash along with 500,000 shares of Canada Nickel.
Canada Nickel’s Management Team
Mark Selby – Chairman, CEO and Director
Mr. Selby was formally President & CEO of RNC Minerals (Royal Nickel Corporation) where he led a team that successfully raised over $100 million and advanced the Dumont nickel-cobalt project from initial resource to a fully permitted, construction-ready project. He has held a number of senior management roles with Quadra Mining, Inco, and Purolator Courier, and was a partner at Mercer Management Consulting.
Since 2001, Mr. Selby has been recognized as one of the leading authorities on the nickel market. He graduated from Queen’s University with a Bachelor of Commerce (Honours) and has also served on the boards of multiple junior mining companies and is currently a Director and Chair of Orford Minerals.
Steve Balch, VP of Exploration
Steve is an Ontario registered geoscientist with 32 years of experience in geophysics, specializing in the magnetic and electromagnetic methods, but also with experience in large exploration compilations. After working at Inco for six years in the Sudbury Basin and at Voisey’s Bay, Steve joined Aeroquest in 2001 and helped develop the AeroTEM system, focusing on the on-time measurements of the linear triangular waveform. In 2007, Mr. Balch founded Triumph Instruments and developed the AirTEM system, a multi-coil helicopter-borne EM system that is now in use in Mexico, China, Canada, and Eastern Europe. Steve has also been active in borehole geophysics and has worked to develop new technology including north-seeking gyros, temperature compensated induction conductivity probes, UAV-based magnetometers, and high sensitivity magnetic gradiometers.
Jessie Liu-Ernsting – VP of Corporate Development and Investor Relations
Jessie has over 15 years of experience in the mining industry, spanning capital projects engineering, debt capital markets, private equity, and corporate strategy. Ms. Liu-Ernsting was most recently on the corporate development team at Hudbay Minerals, responsible for formulating and executing on corporate strategy. Jessie previously spent over five years at Resource Capital Funds, sourcing, evaluating, executing, and managing investments, gaining expertise in a wide range of commodities and mining services. Before RCF, Jessie provided debt financing solutions in CIBC’s mining corporate credit group. Prior to CIBC, Jessie’s experience at Hatch ad Golder spanned all levels of mining and mineral processing operations design around the world and the development of mining innovation R&D projects. Jessie is a Professional Engineer who holds an Electrical Engineering degree from Queen’s University, and a Schulich School of Business Mining, Finance, and Strategy MBA graduate.
Robert Suttie, CFO
Robert is the Vice President at Marrelli Support Services, possessing more than 20 years of experience, ten of which were in public accounting prior to his tenure with the Marrelli organization. Mr. Suttie specializes in management advisory services, accounting, and the financial disclosure needs of the Marrelli group’s public client base. In addition to the Company, Mr. Suttie also serves as CFO for a number of other junior mining companies listed on the TSX and TSX-V, leveraging his skills and experience to become integral to the reporting issuers.
Christian Brousseau, Project Director
Mr. Brousseau has close to 30 years of experience with engineering, design, and construction in the Canadian mining industry, including over 6 years as Project Director for the Dumont Project, three years as the Engineering and Construction Manager for Detour Gold. Prior to Detour, he held various construction management positions at Osisko’s Malartic Project (now owned by Agnico Eagle and Yamana) and at Goldcorp’s Éléonore Project. Mr. Brousseau also spent eight years at Falconbridge supervising and managing various capital projects at Sudbury, Raglan, Kidd Creek, and the Horne Smelter.
Jill Stroeder, Director, Communications and Community Relations
Jill brings over 15 years of experience in corporate communications, investor relations, and stakeholder engagement. Prior to joining CNC, Jill was the Communications Manager at Australian nickel-copper-cobalt producer IGO Limited and has also previously worked for global mining companies OceanaGold, South32, and Sundance Resources. Ms. Stroeder holds a Bachelor of Arts in English and a Bachelor of Applied Communications in Public Relations, a Diploma of Investor Relations and is certified as a Strategic Communications Management Professional by the International Association of Business Communicators.
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The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Canada Nickel and seek advice from a qualified investment advisor.