Fathom Nickel High-Grade Nickel Sulfide Exploration in Canada - June 2021
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Fathom Nickel June 2021 High-Grade Nickel Sulfide Exploration in Canada
Notice to Reader
Certain information set forth in this presentation contains “forward-looking information”, including Although forward-looking statements contained in this presentation are based upon what
“future oriented financial information” and “financial outlook”, under applicable securities laws management of Fathom believes are reasonable assumptions, there can be no assurance that
(collectively referred to herein as forward-looking statements). Except for statements of historical forward-looking statements will prove to be accurate, as actual results and future events could
fact, information contained herein constitutes forward-looking statements and includes, but is not differ materially from those anticipated in such statements. Fathom undertakes no obligation to
limited to future M&A activity and completion of Fathom Nickel Inc. (“Fathom” or the “Company”) update forward-looking statements if circumstances or management’s estimates or opinions
projects that are currently underway, in development or otherwise under consideration. Forward- should change except as required by applicable securities laws. The reader is cautioned not to place
looking statements are provided to allow potential investors the opportunity to understand undue reliance on forward-looking statements. We seek safe harbor.
management’s beliefs and opinions in respect of the future so that they may use such beliefs and
opinions as one factor in evaluating an investment. This presentation and the material contained herein are confidential and are not to be disclosed to
the public. This presentation is for information purposes only and may not be reproduced or
The material assumptions upon which forward-looking statements in this presentation are based distributed to any other person or published, in whole or part, for any purpose whatsoever. This
include, among others, assumptions with respect to: the Company's ability to access financing on presentation does not constitute a general advertisement or general solicitation or an offer to sell
favorable terms to continue with its expansion plans and develop its business; the Company’s or a solicitation to buy any securities in any jurisdiction. Such an offer can only be made by
ability to obtain or maintain the required regulatory approvals; the continuation of executive and prospectus or other authorized offering document. This presentation and materials or fact of their
operating management or the non-disruptive replacement of them on competitive terms; and distribution or communication shall not form the basis of, or be relied on in connection with any
stable market and general economic conditions. The Company makes no representation that contract, commitment or investment decision whatsoever in relation thereto. The information in
reasonable business people in possession of the same information would reach the same this presentation is not intended in any way to qualify, modify or supplement any prospectus,
conclusions. Although we believe that the assumptions underlying forward-looking statements are listing statement, information circular or other information disclosed under the corporate and
reasonable, they may prove to be incorrect and we cannot assure that actual results will be securities legislation and stock exchange policies of any jurisdiction relating to Fathom. No
consistent with such statements. Given these risks, uncertainties and assumptions, you should not securities commission or similar authority in Canada or any other jurisdiction has in any way passed
place undue reliance on these forward-looking statements or the information contained in such upon the adequacy or accuracy of the information contained in this presentation.
statements.
The scientific and technical information in this presentation has been reviewed by Ian Fraser, P.
These statements are not guarantees of future performance and undue reliance should not be GEO (VP Exploration, Director) and a Qualified Person within the meaning of National Instrument
placed on them. Such forward-looking statements necessarily involve known and unknown risks 43-101.
and uncertainties, which may cause actual performance and financial results in future periods to
differ materially from any projections of future performance or result expressed or implied by such
forward-looking statements, including the Company's requirement for additional funding to
continue its exploration strategy; the Company’s failure to obtain and/or maintain the required
regulatory licenses for its businesses; the Company's failure to retain key personnel and hire
additional personnel needed to develop its business; and the Company's business practice
reputation being negatively affected by negative publicity.
NOT FOR DISTRIBUTION; NO OFFERING
Fathom Nickel | 2
Corporate Highlights
Nickel demand expected to expand 125% from 2.0 million tonnes annually in 2020 to over 4.5 million tonnes in 2030
Secular Bull Market
Demand for Class 1 Nickel further underpinned by growing penetration of electric vehicles which is expected to account
in Nickel for 59% of Nickel demand in 2030 up from 5% in 2020
Albert Lake Project consists of 90,000 Ha. drill ready exploration lands located in Saskatchewan, Canada with over 80,000
Ha. currently unexplored
>80,000 Ha. of Underexplored
Hosts the historic Rottenstone Mine, an open pit, high grade Ni Sulphide past producer (1965 to 1969) with a 3.23% Ni
Land package Grade plus associate metals (Cu + PGE)
(Historical grades of 3.23+% Ni) Deposits of high-grade Ni – Cu + PGE mineralization, such as the Rottenstone deposit, do not exist in isolation which
points to a to much larger potential Ni - Cu + PGE resource on the land package
Unique mineralization of historical Rottenstone deposit. 2017 Metallurgical Sample returned average grade: Ni (4.06%),
Unique Cu (1.37%), Co (0.097%), Pd (5.79 g/t), Pt (4.15 g/t), Rh (0.20 g/t), Os (0.13 g/t) Ir (0.11 g/t), Ru (0.06 g/t) and Au (0.57
Mineralization g/t). Total PGE’s + Au = 11.02 g/t**
Bulk sample metallurgy showed metal recoveries of greater than 90% , Ni, Cu, Co and >80% Pd-Pt
Drilling confirms Rottenstone Extension incl. 18.1 g/t Pt over 1.01m (7.22% NiEq) a min 40m SW extension
Q1 2021 Exploration Program
Drilling intersected significant ultramafic mineralization at new discovery hole (Island Showing) 550m NW of Rottenstone
Complete Borehole EM survey in discovery drillhole (Island Showing) potentially indicative of increased mineralization SW direction
(9-hole; 1,200m drilled) Completed heliborne high-resolution gradient magnetic survey consisting of over 9,000 line-km
Fully Funded Exploration Program Fathom recently closed an upsized private placement of $11.15 million
into 2022 Fully funded to carry out its exploration and drilling programs for the remainder of 2021 and 2022
Highly Aligned Leadership Team Management and board with over twelve decades of combined experience and track record moving exploration projects
with Track Record of Successful into production; Casa Berardi Main – Hecla Mining, Beaver Dam – Atlantic Gold, Cisneros – Antioquia Gold, Komis –
Waddy Lake Resources
Exploration Projects
* Historic Production Grade as reported in the Saskatchewan Mineral Deposit Index (#0958) ** Grades are from a 23.75 kg of Rottenstone mine mineralization, collected by Fathom and is not necessarily the Fathom Nickel | 3
expected grade of the Rottenstone-type mineral deposits the company is exploring for at Albert Lake
Fathom Nickel Timeline Highlights
Acquired Albert Winter Exploration Go-Public MAG Q1 2021 Exploration
Lake Project Program Financing Survey Program Results
Acquisition of 34,395 Ha. Commenced Winter 2021 Completed upsized Property wide heliborne Confirmed Rottenstone
Albert Lake property Drill Program drilling Private Placement of Gradient MAG survey of extension and new
completed ~1,200 mts and 9 drill $11.15M to fully fund the 9,000-line km discovery drillhole
holes Company
2015 to 2020 Q1 2021 Q2 2021
Preformed limited Staked additional ~55,000 Expanded exploration Extensive work with Begin trading on the CSE Begin Summer/Fall 2021
exploration on Albert Lake Ha. to bring the total permit application to geophysical consultants to under “FNI” on May 25th, Drill Program to continue
property property size to ~90,000 include newly acquired develop new targets 2021 exploration of high-grade
Ha. land Nickel deposits
Limited Extension of Approval of Development of Public Summer Drilling
Exploration Land Package Permit New Targets Listing Program
Laid the foundation for systematic exploration and possible discovery of new deposits on the property
Please note timeline not to scale Fathom Nickel | 4
Nickel Fundamentals
Fathom Nickel | 5
Attractive Nickel Fundamentals
Nickel Pricing 2010 – 2021 $USD EV’s Driving Nickel Demand
$30,000
“Please mine more nickel… Tesla will give you a giant contract for
a long period of time if you mine nickel efficiently and in an
environmentally sensitive way.”
$25,000 – Elon Musk, Tesla Earnings Call July 22, 2020
$20,000 4.5 Million
Tonnes
$USD
$15,000
2.9 Million
Tonnes
2.0 Million
$10,000
Tonnes
59%
$5,000 59%
5% 18%
$-
2020 2025 2030
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
EV Demand Estimated %
EV’s acting as catalyst for Ni demand to more than double by 2030
from 5% of current Ni demand to over 59% by 2030
Source: FactSet, Horizonte Metals Fathom Nickel | 6
Global Nickel Resources Estimated at 300 million Tonnes
Nickel Sulphides Nickel Laterites
South Africa
30% Indonesia
19%
Australia
18%
All Other Global Supply
Countries
Global Supply
118 M Metric Canada All Other 178 M Metric
21% 20%
Tonnes Countries Tonnes Philippines
40% 28% 60% 10%
Cuba
9%
Australia Russia
11% New Caledonia Brazil
18%
8% 8%
Top four producing countries account for 79% of global Ni Sulphide Resources
Source: Nickel Institute Fathom Nickel | 7
Unique Mineralization for Green Economy
Metal Unit Price (USD) Grade Units Usage
Nickel (Ni) lb $7.24 3.23 % Primary element in creation of EV batteries
Copper (Cu) lb $4.27 1.83 % Main electrical conductor in renewable assets
Essential in storing energy for renewable
Cobalt (Co) lb $22.60 0.10 %
energy and electronic devices
Platinum Catalyst in the electrolysis process to create
oz $1,212 4.70 g/t
(Pt) “Green Hydrogen”
Highly effective at absorbing solar energy
Palladium
oz $2,790 3.90 g/t compared to the standard silicon - based
(Pd)
materials
Rhodium Most effective element out of precious metals
oz $26,000 0.20 g/t
(Rh) to curb vehicle emissions
Most efficient conductor in electronic
Gold (Au) oz $1,794 1.03 g/t
products due to anti-corrosion properties
Rottenstone mine has a host of high quality metal assets which are crucial inputs for the green economy
*The reliability of the historical data and resource estimate presented here cannot be confirmed by the authors, nor can the assumptions, parameters and methods used to prepare the estimates.
Source: Company Management, The estimate is not considered NI 43-101 Compliant by the definition of a “mineral resource” and further work is required to verify the historical estimate as a current mineral resource.
MarketWatch, American Physical Society Furthermore, records suggest (Saskatchewan Mineral Deposit Index #0958) that some of this historical resource has been exploited making a delineation of this mineral resource impossible.
Fathom Nickel | 8
Fathom Nickel is not treating the historical estimate as a current mineral resource.
“Best place to find a new mine is in the shadow of an old one”
Albert Lake Project Overview
Fathom Nickel | 9
History of the Albert Lake Project
Rottenstone Mine
Deposit was initially drilled 1929, high-grade Ni-Cu; 2%
Very intermittent exploration 1929 – 1960
Original historic resource estimate (1946) 45,000 t of 2% Ni, 1% Cu 5.5 g/t
Pd-Pt + rhodium*
1970-1998 limited exploration
Albert Lake Project
1999-2003 exploration by uranium exploration company
2015 project core concessions acquired by Fathom**
Fathom expanded the land base from ~ 10,000 Ha. to the current 90,127 Ha.
Amassed and compiled historical data 1929 – 2018
Necessary permits in hand
Exploration Model and Strategy in place
Engaged and have excellent relationship with First Nations
Access to power and infrastructure within 15km of the property
*The reliability of the historical data and resource estimate presented here cannot be confirmed by the authors, nor can the assumptions, parameters and methods used to prepare the
estimates. The estimate is not considered NI 43-101 Compliant by the definition of a “mineral resource” and further work is required to verify the historical estimate as a current mineral
resource. Furthermore, records suggest (Saskatchewan Mineral Deposit Index #0958) that some of this historical resource has been exploited making a delineation of this mineral resource
impossible. Fathom Nickel is not treating the historical estimate as a current mineral resource.
**Pursuant to the purchase and sale agreements on the Albert Lake Property from 2015, the lands are subject to certain NSR royalty as follows: 2% NSR royalty over certain area, of which
1% can be purchased by Fathom for $1 million; and, 1% NSR royalty over other areas, of which can be purchased in its entirety by Fathom for $500k
Fathom Nickel | 10Albert Lake Property’s Geological Setting
Trans Hudson
Lynn Lake (Ni) Corridor
Albert Lake (Ni)
` Thompson (Ni)
Seabee (Au) Snow Lake (VMS, Au)
Flin Flon (VMS, Au)
Host to numerous world-class Nickel mining camps including
Thompson Nickel Belt (operating)
Lynn Lake; and,
Raglan Nickel Belt (operating)
Homestake (Au)
Saskatchewan is relatively underexplored jurisdiction for Nickel,
VMS-type and Gold Deposits
Located in the Trans Hudson Corridor – host to numerous world-class mining camps
Fathom Nickel | 11Historic Rottenstone Mine
Mining Operation circa 1965 Rottenstone Mine was an open pit mine (1965 – 1969)
26,000 tonnes mined of a reported 45,400 to 54,400t resource*
Concentrate transported to INCO refinery Copper Cliff, ON
Average reported grade:
3.23% Ni
1.83% Cu
9.63 g/t Pt, Pd + Au
2017 Fathom Metallurgical Study demonstrates excellent metal recovery
Recoveries of Ni-Cu 92%, Co 95%, Pd-Pt 85%
Sample head grade confirms historic grade:
3.99% Ni,
1.32% Cu,
970ppm Co,
12.60 g/t Pt-Pd + Au
Post-production drilling confirms deposit remains open along strike;
south-southwest of historic mine
Excellent grade/metallurgy
Tremendous opportunity to expand historic deposit
*The reliability of the historical data and resource estimate presented here cannot be confirmed by the authors, nor can the assumptions, parameters and
methods used to prepare the estimates. The estimate is not considered NI 43-101 Compliant by the definition of a “mineral resource” and further work is
required to verify the historical estimate as a current mineral resource. Furthermore, records suggest (Saskatchewan Mineral Deposit Index #0958) that some
of this historical resource has been exploited making a delineation of this mineral resource impossible. Fathom Nickel is not treating the historical estimate as
a current mineral resource.
Source: Saskatchewan Mineral Deposit Index #0958 Fathom Nickel | 12Rottenstone – A Raglan-Like Model; Necessary Plumbing In Place?
Small Isolated Magmatic Ni Showing - Raglan
The “Hill of Rottenstone” – Small
Isolated Magmatic Ni Showing –
Rottenstone (1960)
Raglan Discovered in 1930’s – surface exposure Rottenstone Discovered 1928 – 1929 – surface exposure
Commercial production 1998 Commercial production 1965 – 1969
Land disposition – 48,655 Ha. Land disposition – 90,127 Ha.
Multiple high-grade Ni deposits 0.01Mt to ~ 1Mt, (averaging Single high-grade Ni deposit
0.2Mt) Grade: 3.23% Ni, 1.83% Cu, 0.09% Co, 9.63 g/t Pd-Pt + Au**
Grade: (Dec/2019) – 20.8Mt; 3.26% Ni, 0.9% Cu, 0.07% Co, 2.3 Tremendous opportunity for multiple high-grade deposits
g/t Pd, 0.93 g/t Pt*
Albert Lake Property considered to have the same multi, variable size, high-grade Ni deposits as at
Raglan
*Source: Mining Data Online, Kemetco **Source: Saskatchewan Mineral Deposit Index Fathom Nickel | 13
(#0958)Confirmed Extension of Historic Rottenstone Mine
1960 MAG Survey on 1957 Air Photo From Pd+Pt
Drillhole ID To (m) Width (m)* Ni % Cu %
(m) (g/t)
60-02 1.83 6.10 4.27 3.05 1.39 7.22
60-03 3.08 13.78 10.70 1.95 1.26
Including 8.38 13.78 5.40 Rottenstone
2.68 1.79 Mine
9.98
60-08 6.10 10.85 4.75 1.21 1.05 6.65
60-09 7.62 9.14 1.52 0.75 0.58
60-10 7.92 16.70 8.78 1.07 1.46
Drillholes 62-1 Including 10.97 15.54 4.57 1.43 2.03 5.05
62-2 62-01 0.61 8.07 7.46 2.67 2.80 12.34
62-02 0.00 9.14 9.14 2.67 2.35 1.23
*All widths are apparent thicknesses, insufficient data to confirm the true thickness
Drillholes 62-01, 62-02 were drilled from top of the “hill of
Rottenstone” into the MAG feature pre-mining
Ore Grades directly correlate with MAG signature
Base of “hill of Rottenstone” (orange circle) ~30m diameter
Pit dimensions ~ 60 x 30 x 14m at deepest point
1960 MAG Survey (CVG) – Rottenstone Deposit defined by high-MAG
(the Signature)
Rottenstone deposit associated MAG signature. MAG signature continues south-southwest up to 500m
Fathom Nickel | 14MAG Survey Points To High Quality Targets For Summer Drilling
Analytical Signal (AS) from 2021 heli-gradient MAG survey
Significant MAG-high remaining at associated with historic
Rottenstone deposit
South-southwest extension of Rottenstone deposit confirmed
by Fathom drill programs
Very similar MAG-high associated with Tremblay Olson
Showing 2.2km southwest of Rottenstone Deposit
MAG-high associated with Island Showing area drill tested Q1
2021
Numerous MAG-highs along northeast lineament Tremblay
Olson – Mawdsley
Mawdsley summer 2021 drill target
MAG-high associated, strong off-hole BHEM conductors
occurring 400m west of Rottenstone Deposit, summer 2021
drill target
Numerous other Rottenstone-like MAG high features will be
ground proofed and elevated to potential Drill Targets in 2021
Targets display similar MAG signature to
Rottenstone
Fathom Nickel | 15Albert Lake Exploration Update
Fathom Nickel | 16Q1 2021 Exploration Program – Nine holes - 1,232 meters
Objectives Status Outcome
Confirm the Extension of
the Historic Rottenstone Drilling
Deposit to the south and Complete
southwest
Identify new mineralized
ultramafic deposit at Drilling
depth in the Island Complete
Showing Area
Test source of ultramafic, Off-Hole
off-hole BHEM conductor Conductor
RL03030 Confirmed
Q1 2021 exploration program is completed with positive outcomes
Fathom Nickel | 17Q1 2021 Exploration Program – Highlights
Drilling confirms Rottenstone Extension
incl. 18.1 g/t Pt over 1.01m (7.22% NiEq) a
min 40m SW extension and remains open
to the south
Drilling intersected significant ultramafic
AL21021 9.23m of:
mineralization; representing a new
0.20% Ni, 0.11% Cu, discovery at the Island Showing Area, 550m
0.14 g/t Pd-Pt
NW of the Rottenstone Deposit
Borehole EM survey in the discovery
drillhole indicates a plunging body:
increasing in conductivity south of
discovery drillhole
potentially indicative of increased
AL21020 4.93m of: sulphide content and mineralization
0.27% Ni, 0.08% Cu,
0.44 g/t Pd-Pt
Completed heliborne high-resolution
gradient magnetic survey consisting of over
9,000 line-km
Confirms extension of historic Rottenstone deposit and intersects new discovery hole
Fathom Nickel | 18Q1 2021 Exploration Program – Select Results
Width PGE
HoleID From (m) To (m) Ni% Cu% Co% Pd g/t Pt g/t Pd+Pt g/t NiEq***
(m)* g/t**
FMRS16-001 6.76 11.16 4.40 1.02 0.06 0.03 0.96 0.42 1.38 1.69
Q1-2021 drilling has confirmed additional
Including 7.50 9.50 2.00 1.47 0.98 0.05 1.48 0.34 1.82 2.93 Rottenstone-type mineralization extending 40m
FMRS16-002 6.08 11.00 4.92 1.08 0.43 0.04 1.13 0.37 1.50 2.05
Including 9.00 10.77 1.77 1.93 0.78 0.06 1.98 0.35 2.33 3.55 southwest of historic Rottenstone Mine
FMRS16-002 14.73 19.46 4.73 1.12 0.48 0.04 1.23 0.45 1.68 2.18
Including 14.73 16.00 1.27 2.56 0.43 0.07 2.82 0.41 3.23 4.44 Discovery of new ultramafic mineralization 550m
FMRS16-003 8.63 13.70 5.07 0.20 0.09 0.01 - - - 0.27
FMRS16-006 11.65 13.00 1.35 0.46 0.25 0.01 - - - 0.62 northwest of the historic, high-grade Nickel,
Including
Including
11.65
11.65
12.30
11.80
0.65
0.15
0.94
3.63
0.43
1.45
0.02
0.09
1.46
6.12
0.84
3.61
2.30
9.73
2.12
8.41
Copper, Cobalt + PGE Rottenstone Mine
FMRS16-009 7.26 21.65 14.39 0.78 0.27 0.03 0.85 0.65 1.50 1.56
Including 11.13 20.4 9.27 0.95 0.31 0.03 1.02 0.80 1.82 1.86
Including 11.13 16.19 5.06 1.14 0.33 0.04 1.24 0.88 2.12 2.21
Including 15.21 20.4 5.19 0.97 0.30 0.03 1.08 0.76 1.84 1.90
FMRS16-010 7.26 17.68 10.42 0.68 0.23 0.02 0.76 0.56 1.32 1.35
Including 8.76 16.55 7.79 0.78 0.28 0.03 0.91 0.65 1.56 1.59
FMRS16-011 7.90 10.64 2.74 0.37 0.37 0.01 0.41 0.30 0.71 0.86
AL21017 8.65 26.73 18.08 0.68 0.51 0.02 0.87 0.51 1.39 1.54
Including 9.90 12.43 2.53 1.79 2.10 0.06 2.29 0.69 2.99 4.36
AL21018**** 1.00 4.00 3.00 0.40 0.19 0.001 1.12 0.87 1.98 1.24
AL21019**** 1.00 9.00 8.00 0.51 0.26 0.01 1.35 0.93 2.28 1.54
AL21020**** 1.00 8.00 7.00 0.57 0.30 0.01 1.39 1.04 2.44 1.66
AL21020 17.00 21.93 4.93 0.27 0.08 0.01 0.26 0.18 0.44 0.50
AL21021 136.32 145.55 9.23 0.19 0.11 0.01 0.12 0.02 0.14 0.34
*Width refers to drillhole width and not true widths
Including 136.32 139.50 3.18 0.33 0.19 0.01 0.22 0.03 0.25 0.57 **PGE refers to Pd+Pt plus rhodium, osmium, ruthenium and iridium
AL21024 4.50 11.97 7.47 1.06 0.88 0.03 1.23 2.85 4.36 2.82 *** Metal Prices of Ni $8.10/lb, Cu $4.46/lb, Co $20.03/lb, Pt $1,155/oz, Pd $2,732/oz & Au $1,870oz (Formula for
NiEq calculation NiEq% = Ni% +Cu% x $4.46/$8.10 + Co% x $20.03/$8.10 + Pt [g/t]/31.103 x $1,155/$8.10/22.04 + Pd
Including 6.77 10.77 4.00 1.46 1.39 0.05 1.77 5.12 7.32 4.28 [g/t]/31.103 x $2,732/$8.10/22.04 + Au [g/t]/31.103 x $1,870/$8.10/22.04)
Including 9.76 10.77 1.01 1.71 1.21 0.05 1.94 18.10 20.76 7.22 ****Sludge samples of material indicative of regolith-like, extremely weathered ultramafic material immediately
below drill casing
The Q1 2021 drilling program has uncovered additional high quality assets available to Fathom
Fathom Nickel | 19Q1 2021 Exploration Program – Implications / Take Aways
Previously unrecognized Rottenstone-type mineralization
remaining south and southwest of the historic mine
Improved geological understanding of “Rottenstone type
deposit”
Higher grade mineralization is enveloped by lower
grade mineralization
Rottenstone-type geochemical, geophysical
signatures recognized
Recognized geochemical, geophysical signatures utilized to
design/discover Rottenstone-like mineralization 550m N-NW
of historic Rottenstone Mine.
Island Showing area Discovery Drillhole AL21021,
ultramafic hosted mineralization at downhole depth
136.3m
Off-hole BHEM anomaly / model associated with
drillhole intercept, indicates south-plunging
conductive body within 10m of drillhole
BHEM recognizes, unique, more subtle conductivity
associated with Rottenstone-type mineralization
Proof of Concept for the Fathom Geological Model; The
historic Rottenstone Mine is not the only mineralized
ultramafic body on the Albert Lake property
The Q1 2021 drilling has provided knowledge and focus for exploration activities moving forward
Fathom Nickel | 20Q1 2021 Exploration Program – Island Showing Area Discovery
BHEM conductor points to increased mineralization to the South
Fathom Nickel | 21Exploration Program - 2021
Exploration Program - 2021
Drilling 1,232 mts
Heli-MAG 9000 l-km Data interpretation
Heli-EM Survey 1000 l-km
Drill Results Discovery & extension
Surface exploration focused on
Field Exploration definition and refinement of drill
targets, finding new drill targets
Drilling
2,000 mts 3,000 mts
Q1 Q2 Q3 Q4
6,000 mts drilled by year end 2021
Fathom Nickel | 22“Best place to find a new mine is in the shadow of an old one”
Corporate Info
Fathom Nickel | 23Best-In-Class Leadership Team
Brad Van Den Bussche, P.Geol – President & CEO, Director John Morgan – Director
Co-founder of Fathom Nickel, with 35 years of geology, Senior mining executive with a B. Sc. Geology from the
mineral exploration and management experience in Canada University of British Columbia.
an internationally Over 35 years of experience with increasing responsibility in
Successes include; Antioquia Gold – Cisneros Gold Mine – managing both domestic and international mining
Colombia, Atrum Coal – Elan – Grassy North Project – operations.
Canada, Waddy lake – Komis Gold Mine – Canada Director with Grande Cache Coal
P Geol - B.Sc. (Honours) in Geology Co-founder and executive of Atlantic Gold
Ian Fraser, P.Geol – VP Exploration, Director Mark Cummings - Director
Co-founder of Fathom Nickel, 35+ Years of mineral Senior executive with considerable hands on experience in
exploration, managing / implementing exploration operations, human resources, corporate governance and
programs in Canada and Internationally general management roles
Successes include; resource interpretation / development Expertise includes financial and operational restructuring
Casa Berardi Gold Mine, Komis Gold Mine, Byers Gold Belt, and turnarounds
Currently the Chief Executive Officer of Zavida Coffee Co. a
Canada, Cisneros Gold Mine, Colombia portfolio company of BDG Capital
P.Geol – B.Sc. Geology CPA, CA
Doug Porter, CPA, CA - CFO Manish Grigo, MBA, CFA – Corporate Development
Senior Financial/ Accounting executive with specific Over 12 years’ experience in the capital markets as a
emphasis in resource company management Research Analyst covering technology and special situations
Successes include: Elan Coal Ltd., Altitude Resources Ltd., Consultant since 2017 advising companies on their capital
StimWrx Oilfield Services Ltd. markets strategies; across a wide range of industries
CPA, CA, CBV including Mining, Technology, Gaming and FinTech.
Eugene Chen – Director
Partner at McLeod Law LLP with over 25 years experience
as a securities, corporate finance, and mergers &
acquisitions lawyer
Deep experience in advising emerging and growth-oriented
companies on corporate finance, securities, and mergers &
acquisitions – for national and international firms
Fathom Nickel | 24Attractive Grades Relative to Ni Industry Producers and Explorers
Rottenstone Historic Mine Grade Compared to Current Ni Producers and Explorers
Producers Exploration
Fathom Glencore Vale Waterton Nickel Creek Platinum Canada Nickel
Norilsk Ore
Historic Rottenstone Raglan Ore Voisey’s Bay Ore Dumont Project Nickel Shaw Project Crawford Project
(MCX: GMKN)
Mine (LON: GLEN) (BVMF: VALE3) (TSE: KRR) TSX-NCP (TSX:CNC)
Metal Unit Price $ USD Grade Units % G/Tonne % G/Tonne % G/Tonne % G/Tonne % G/Tonne % G/Tonne
Ni lb $8.15 3.23 % 1.77 % 3.34 % 1.63 % 0.27 % 0.26 % 0.29 %
Cu lb $4.45 1.83 % 3.57 % 0.95 % 0.85 % - % 0.16 % - %
Co lb $19.81 0.097 % 0.06 % 0.07 % 0.09 % 0.01 % 0.02 % 0.01 %
Pt oz $1,156 4.70 g/t 1.84 g/t 0.96 g/t 0.2 g/t 0.01 g/t 0.25 g/t 0.01 g/t
Pd oz $2,838 3.90 g/t 7.31 g/t 2.37 g/t 0.2 g/t 0.02 g/t 0.26 g/t 0.03 g/t
Rh oz $22,092 0.20 g/t - g/t - g/t - g/t - g/t - g/t - g/t
Au oz $1,894 1.03 g/t 0.5 g/t - g/t - g/t - g/t 0.04 g/t - g/t
Source: Company Materials, FactSet, as of June 8th 2021 *The reliability of the historical data and resource estimate presented here cannot be confirmed by the authors, nor can the assumptions, parameters and
methods used to prepare the estimates. The estimate is not considered NI 43-101 Compliant by the definition of a “mineral resource” and further work is
required to verify the historical estimate as a current mineral resource. Furthermore, records suggest (Saskatchewan Mineral Deposit Index #0958) that
some of this historical resource has been exploited making a delineation of this mineral resource impossible. Fathom Nickel is not treating the historical
estimate as a current mineral resource.
Fathom Nickel | 25Capitalization Structure
Current Cap Table
Shares %
Management & Insiders 6,665,562 11.8%
Investors - Retail 24,102,831 42.8%
Investors - Institutional 14,543,000 25.8%
Total Basic Shares Outstanding 45,311,393 80.5%
Management & Insider Options 3,000,000 5.3%
Broker Options 1,071,699 1.9%
Warrants 6,894,349 12.3%
Total Fully Diluted Share Capitalization 56,277,441 100.0%
Fathom Nickel Basic Market Capitalization(1) $33.9m
Cash Balance(2) $9.02 M
Pursuant to the purchase and sale agreements on the Albert Lake Property from 2015, the lands are subject to certain NSR royalty as follows:
2% NSR royalty over 11,783 Ha. of certain area, of which 1% can be purchased by Fathom for $1 million; and,
1% NSR royalty over 1,348 Ha. of certain area which can be purchased in its entirety by Fathom for $500k
(1) As of June 9th, 2021 Fathom Nickel | 26
(2) As of June 9th, 2021Global Nickel Exploration Peers
Junior Nickel Exploration Companies
Enterprise Global Average
Company Ticker Share Price Shares OS Value Resource Grade
C$M M lbs NiEq % NiEq
Talon Metals TLO $0.67 682.36 $457.18 797.4 3.26%
Canada Nickel CNC $3.56 85.23 $303.43 10,299.7 0.36%
Legend Mining ASX:LEG $0.13 2,479.62 $291.66 na na
FPX Nickel FPX $0.60 212.26 $127.35 6,858.3 0.12%
Palladium One PDM $0.35 237.24 $66.85 447.8 1.85%
C1N Nickel CSX:NICO $0.55 105.22 $57.87 78.1 1.08%
Tartisan Nickel TN $0.51 104.33 $53.21 130.2 0.79%
Garibaldi Resources GGI $0.42 121.55 $51.05 na na
North American NAN $0.26 124.40 $32.34 na na
Fathom Nickel CSX:FNI $0.76 46.00 $25.96 na na
Giga Metals GIGA $0.36 70.34 $25.32 12,674.4 0.26%
Nickel Rock NICL $0.12 66.90 $6.59 na na
Average $124.90 $4,469.39 1.10%
Average Listed Companies With Resources $155.89 $4,469.39 1.10%
Average Listed Companies Without Resources $81.52 na na
Source: Factset, Company Materials FX: AUD/CAD = 0.97
As of June 9th 2021
* The reader is cautioned that Fathom Minerals has not done sufficient work to validate or classify the historical grades at the Rottenstone Mine. The
historic grades are not NI 43-101 compliant and should not be relied on by investors. It is uncertain if further exploration will result in a Mineral Resource
Fathom Nickel | 27Appendix
Fathom Nickel | 28Historic Rottenstone Mine Open for Expansion
2008 VTEM CVG BHEM off-hole
MAG signature very strong at edge of Rottenstone pit
Conductor @ 185m
Drilled 3 holes 30-40m south and intersected with Ni
Rottenstone Mine grades between 1.1 - 2.5% Rottenstone Mine
Favourable MAG dimensions: ~ 300m x ~ 100m assume
10m thickness equates to ~ 1.0Mt (3.47 specific gravity)
Along Strike and Footwall of Fault; Wide Open for
expansion of historic Rottenstone deposit
Rottenstone Mine Width Pd+Pt
Drillhole ID From (m) To (m) Ni % Cu %
(m) (g/t)
RL99001 7.80 15.30 7.50 1.65 0.80 1.94
FMRS16-001 6.76 10.00 3.24 1.23 0.75 1.64
FMRS16-002 6.08 10.77 4.69 1.13 0.45 1.57
FMRS16-002 14.73 19.46 4.73 1.13 0.49 1.68
Including 14.73 16.00 1.27 2.56 0.43 3.23
*All widths are apparent thicknesses, insufficient data to determine true thickness
MAG signature confirms open extension to south-
southwest
Fathom Nickel | 29Historic Metallurgy High-Grade Nickel Sulphide and Platinum Group Elements
2017 Metallurgical Study Metal Breakdown (April 2021)
Metal Price (US$) % g/t
Ni 7.24/lb 3.28
Cu 4.27/lb 1.83
Co 22.60/lb 0.097
Pt 1,212/oz 4.70
Pd 2,790/oz 3.90
Processed 23.75kg Rottenstone Matrix Type
Mineralization Rh 26,000/oz 0.20
Assayed: 3.99% Ni, 1.32% Cu, 970ppm Co, 12.60 g/t Au 1,794/oz 1.03
Pt-Pd + Au
High metal recovery >90% Ni, Cu, Co and >80% Pt-Pd TOTAL
Albert Lake is a premier asset for high quality, Class 1 Ni with Tremendous Potential for Upside
Fathom Nickel | 30Nickel in EV Battery Technologies
Why Nickel for EV Batteries? Ni Use in EV Batteries
New efforts underway to tweak battery Two types of lithium-ion batteries dominate EV batteries –
chemistry from 33% Ni to 80% Ni Nickel-Manganese-Cobalt (”NMC”) and Nickel-Cobalt-
Battery Present day batteries employ 60% Ni, 20% Mn Aluminum (“NCA”).
Chemistry and 20% Co – 6:2:2 ratio
NMC used by nearly every EV manufacturer globally with the
Advancements are pointing towards batteries
containing 80% Ni
exception of Tesla, which uses NCA.
A 60kwh NMC811 battery needs 5kg of Co, 5kg Battery Chemistries & Material Requirements
Battery Mn, 6kg of Li and 39kg of Ni – Ni is the largest
Composition component of the standard and best performing 100%
EV battery 90%
80%
Increased costs of Li and Co has manufacturers 70%
shifting towards reduction of Co and increased Ni 60%
Reduced Cost in battery composition 50%
Expenditure Battery of Chevrolet Volt is 26% of total cost – 40%
automaker is currently looking to reduce costs by 30%
increasing Ni composition 20%
10%
Ni increases energy density in the battery 0%
cathode which equates to longer distances NMC (111) NMC (523) NMC (622) NMC (811) NCA
Energy Efficiency travelled, batteries will be used more efficiently
based on how consumers drive Lithium Cobalt Nickel
Source: Nickel Institute, Reuters, Bernstein Fathom Nickel | 31Thank You.
For more Information, please contact:
Brad Van Den Bussche Manish Grigo
CEO, Director Corporate Development
bvanden@fathommnickel.com mgrigo@fathommnickel.comYou can also read
