Turnagain Nickel-Cobalt Royalty

Asset Overview

Turnagain Highlights

• Among the world's largest undeveloped nickel-cobalt sulphide deposits
• Located in British Columbia, Canada
• Held in Hard Creek Nickel, a subsidiary owned 85% by Giga Metals Corporation and 15% by Mitsubishi Corporation
• Metallurgical testwork indicates a clean concentrate grading 18% nickel and 1.1% cobalt is achievable using proven simple and reliable “off-the-shelf” processing technology
• Turnagain ore is ideally suited to be refined into cobalt and nickel required by electric battery manufacturers globally
• Access to a deep-water Pacific ports and North American rail
• Pre-Feasibility Study completed in October 2023

Royalty Highlights

• 2% Net Smelter Return ("NSR") royalty on all future metal production from the Turnagain Nickel-Cobalt Project
• Turnagain royalty acquired for US$1 million and 1.125 Mil shares

Potential to Expand Large Resource

Turnagain Orebody

• NI 43-101 Mineral Resource containing:
  • Measured & Indicated: 7.5  billion pounds of nickel and 452 million pounds of cobalt
  • Inferred: 5.3 billion pounds of nickel and 316 million pounds of cobalt
• 30 year project life
• Project is open to expansion

Project Overview

Project Overview | Giga Metals Corporation