RNC MINERALS Qiqavik : A New District Scale Au-Cu Camp? November, 2016 TSX: RNX
Disclaimer Cautionary Statements Concerning Forward-Looking Statements This presentation contains "forward-looking information" . Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of RNC to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There are no assurances that West Raglan, or any of RNC’s other property interests , will be placed into production. Factors that could affect the outcome include, among others: the actual results of exploration activities at West Raglan; inability to raise the funds necessary to advance exploration activities; general business, economic, competitive, political and social uncertainties; future prices of metals; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to RNC's filings with Canadian securities regulators available on SEDAR at www.sedar.com. Although RNC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward- looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this presentation and RNC disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. NI 43-101 Compliance All technical information in this presentation has been prepared by or under the supervision of Alger St-Jean, P. Geo., Vice President, Exploration of RNC, a Qualified Person as defined in NI 43-101. Reference is made to the press release titled “ True North Nickel Discovers Two New High Grade Gold Mineralization Zones at Qiqavik and Extends Mineralized Trend to Over 40 km ” published by RNC on September 19, 2016. Information concerning third parties in this presentation is taken from sources that RNC believes to be reliable, but RNC has not verified the information and does not assume responsibility for such third party information. 2
RNC Project Interests Royal Nickel is a mining, exploration and development company advancing several Au, and Ni-Cu-PGE projects in top mining jurisdictions. 3
Qiqavik Property Qiqavik Gold Property located in excellent mining jurisdiction in Northern Quebec. Surface Gold anomalies up to 189g/t in three main zones over 40 km of strike length. Claims held 100 % by TNN or option to earn 100% interest TNN is a private company held 68 % by RNC Minerals and 32% by Dundee Resources Limited. 4
High Grade Gold Trend >40km Qiqavik’s high grade, surface Au-Cu-Ag trend extended to over 40 km E-W 5
Qiqavik Project Location Located in a virgin volcano-sedimentary belt within an established mining district 70 km from Glencore’s Raglan Mine Qiqavik Property extends over 40 km from East to West and covers 243 km 2 Access through Puvirnituq and Camp Chukotat Airtsrip Shipping through Salluit 6
Qiqavik Project Location Camp Chukotat Air Strip: Suitable for Twin Otter 7
Qiqavik Project Location Camp Chukotat Logistics of transport 8
Qiqavik Regional Geology • Qiqavik sits in the Cape Smith Belt (CSB), which is part of the Trans Hudsonian Orogeny (THO) • Extensive historical Au exploration in the Manitoba/Saskatchewan extension of the belt with numerous success full Au Mines (Lynn-Lake Terrain) • Historically Labrador Trough known for Fe deposits, and Ni-PGE exploration, more recently gold. • CSB has similar groups of rocks and is underexplored for various commodities, specifically Au (Modified from Minifie et al. 2013, after Baragar and Scoates 1987). 9
Qiqavik-Regional Geology • Cape Smith Belt is comprised of tectono- stratigraphic elements that appear to have accreted on the northern margin of the Superior during 0.2 Ga divergent- convergent tectonic activity the early Proterozoic Ungava Orogeny. • The Cape Smith Belt is divided into North and South Domains divided by the Bergeron Fault at the northern contact of the Chukotat group. Qiqavik sits in the North Domain. Map after St-Onge and Lucas, 1993 and Lesher, C.M., 2007 10
Qiqavik-Regional Geology Syn- to Post Tectonic Intrusives Watts Group (1999 Ma) Ophiolite Parent & Spartan Groups (1898 to 1860 Ma) Spartan: Clastic Fore Arc Parent: Magmatic Arc Chukotat (1918 Ma) Komatiitic to N-Morb Basalts representing change in rift to oceanic crust formation Povungnituk (2038 to 1991 Ma) Sedimentary and Volcanic units associated with the rifting of the Superior Craton 11
Property Geology – Parent Group • Parent Group (1898 to 1830 Ma (Machado et al., 1993) consists of a volcanic Pre-, Syn- tectonic *Cherty Fe Formations intrusions sequence composed mostly in the package of tholeiitic to calc-alkaline basalt associated with felsic and mafic pyroclastics and local dacitic and rhyolitic Syn, Post tectonic intrusions flows (Lamothe 1994, Picard 1995) • This represents volcanics along an active margin in the first phase of compression in the trans Hudsonian Orogen and are affected by at least 3 phases of deformation (Picard, 1995) Geology Modified after Tremblay 1985 & Hervert 1984. • The parent group is variably metamorphosed from greenschist to amphibolite facies. 12
Qiqavik - History 1995 -1998 Falconbridge – SOQUEM • FL discovered Cu-Zn showing, drilled 325m in 2 holes on an EM anomaly (base metal target) • DDH PAR96-01 intercepted Au/Ag with Cpy-Py-Sph-Ga veins in silicified tuffs and cherts including 1.35m of 15.18g/t Au and 20.7 g/t Ag (110-111.35m) • Defined a linear mag anomaly coincident with showings (>1g/t Au) and extended prospecting along mag anomaly • SOQUEM resampled in DDH PAR96-01 extended mineralized zone to 10.5m of 3.08g/t Au which includes 1.1m of 5.45 g/t Au, 0.59%Zn and 3.4m of 6.79 g/t Au and 0.37% Zn 2011-2012 Tectonic Resources – Corvus Gold • Expanded property along strike of Mag anomaly to 12km • Completed property-wide rock, till survey. • Defined several till geochem anomalies (Au, Sb, Te, Bi) Gerfaut Block on Regional Mag 13
Qiqavik - History 2015 TNN Option Agreement • TNN signs option agreement with Tectonic Resources and Holmstead/Geotest • 10 days, 1 team prospecting on Gerfaut Block extends mineralization over 15 km with values up to 198 g/t. • Following these positive results, property size more than tripled through staking with expansion westward (currently 243 km 2 ) 2016 Exploration Focus 14
Qiqavik – 2016 Exploration Summary 2016 Exploration focus on geophysics and prospecting (30 days) Geophysics • 283 line-km of ground mag • 115 Km of Gradient IP • 58 Km of Dipole- Dipole IP Prospecting (with portable XRF) • 635 surface grab samples • 1793 Till (Frost Boil) Samples • Drilling 550 meters in 6 holes • 5 teams starting at 1km spaced traverses, sampling every 100m down the line either till (frost boils) or rocks • Real-time portable XRF till anomalies plotted daily looking for indicators (As) known to be associated with Au on the property 15
Qiqavik High Grade Au & Cu Mineralization Qiqavik Gold Assay Results • 2016 follow up on portable XRF arsenic till anomalies led to the discovers of two new gold bearing zones: Esperance & Aurora • Extends High grade Au-Cu mineralized trend to over 40 km • Limited drilling. Historical drill hole: 3.08g/t Au over 10.5m including 5.45g/t Au, 0.59% Zn over 1.01m and 6.79 g/t Au and 0.37% Zn over 3.4m. • 2016 Drilling: 550 meters in 6 holes, highlights: QK-16-006 1.43m @ 1.17g/t 16
Qiqavik High Grade Au & Cu Mineralization Qiqavik Copper Assay Results • Esperance is associated with high grade Cu • Several other Cu showings in outcrop on the property 17
2016 Exploration Results: Aurora 18
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