Turnagain Nickel-Cobalt Royalty

Asset Overview

Turnagain Highlights

• Located in British Columbia, Canada
• Nickel-cobalt deposit, 100% owned by Giga Metals, among the world's largest undeveloped nickel-cobalt sulphide deposits
• Metallurgical testwork indicates a clean concentrate grading 18% nickel and 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 Class 1 nickel required by battery manufacturers globally
• Engineering studies are underway with goal of having the project shovel ready

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: 4.1 billion pounds of nickel and 253 million pounds of cobalt
  • Inferred: 4.3 billion pounds of nickel and 280 million pounds of cobalt
• Less than 25% of the nickel prospective geology has been drilled to date
• Drill campaign, including high-impact exploration drilling, underway

Project Development

Development Timeline

• Funds from sale of NSR royalty being used for exploration at Turnagain Project and to advance to pre-feasibility stage
• 2018 delineation drilling designed to upgrade NI 43-101 Inferred Resources to Measured or Indicated Resources, subsequently enabling engineering studies to be advanced to pre-feasibility and then to feasibility stage
• Step-out drilling from the known deposit is designed to increase the resource and may also lead to discovery of more starter pits