Updated Mineral Resource - Crawford slide image

Updated Mineral Resource - Crawford

. Crawford Mineral Resource CANADA NICKEL COMPANY Crawford's resource ranks as one of the 10 largest nickel sulphide resources globally Higher grade core of M&I Resource of 280 Mt at 0.31% Ni, 0.013% Co, and 0.04 g/t Pd + Pt within an overall M&I resource of 653 Mt at 0.26% Ni and 0.013% Co Higher grade inferred resource of approximately 110 Mt at 0.29% Ni and 0.013% Co within an overall inferred resource of approximately 497 Mt at 0.24% nickel and 0.013% cobalt Mineral Resource Estimate Contained DOMAIN CLASS MAIN HIGHER Measured Indicated 151.7 128.6 GRADE ZONE Mea+Ind 280.2 Inferred 109.9 0.29 Measured 62.5 0.22 TONNES (Mt) Ni (%) Co (%) Fe (%) S (%) Pd (g/t) Pt (g/t) 0.32 0.013 6.25 0.20 0.029 0.012 0.30 0.013 6.37 0.16 0.027 0.013 0.31 0.013 6.31 0.18 0.028 0.012 0.013 6.66 0.09 0.026 0.013 0.013 6.83 Ni (kt) Co (kt) Fe (Mt) Pd (koz) Pt (koz) 482.2 19.9 391.8 16.5 9.5 141 57 8.2 111 52 873.9 36.4 17.7 252 108 315.0 14.0 7.3 93 47 0.05 135.1 8.2 4.3 MAIN LOWER Indicated 263.2 0.21 0.013 6.90 0.04 557.0 34.6 18.2 GRADE ZONE Mea+Ind 325.6 0.21 0.013 6.89 0.04 692.1 42.9 22.4 Inferred 210.2 0.21 0.013 6.87 0.06 444.9 27.1 14.4 Measured 25.8 0.26 0.012 6.02 0.04 67.4 3.2 1.6 Indicated 21.8 0.26 0.013 6.20 0.04 56.2 2.7 1.3 EAST ZONE Mea+Ind 47.5 0.26 0.013 6.11 0.04 123.6 6.0 2.9 Inferred 176.7 0.24 0.013 6.63 Mea+Ind TOTAL Inferred 653 497 0.04 0.26 0.013 6.58 0.10 0.028 0.012 0.24 0.013 6.74 0.06 0.026 0.013 423.5 22.6 11.7 1,689.6 85.2 43.0 252 108 1,183.3 63.8 33.5 93 47 Mineral Resource Estimate prepared by Caracle Creek International Consulting Inc., in accordance with the National Instrument 43-101 ("NI 43-101") and CIM Definition Standards on Mineral Resources and Reserves, with an effective date of December 11, 2020. Reference is made to the full CNC technical report dated January 17, 2021, available on www.sedar.com. Mineral resources that are not mineral reserves do not have demonstrated economic viability. www.canadanickel.com 12
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