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Giga Metals Corporation

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 203, 700 West Pender Street
Vancouver, British Columbia
Canada V6C 1G8
Tel No.: 604-681-2300
Fax No.: 604-681-2310
Web Site: www.gigametals.com
E-mail: info@gigametals.com
Contact Person: Mark Jarvis
President

Erick Bertsch
Investor Relations


Company Data

Traded Market: TSX-V
Traded Symbol: GIGA
Outstanding Shares: 43,149,015
Public Float: 30,000,000
52 Week High: $ 0.92
52 Week Low: $ 0.15
Present Price: Click Here


Introduction

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Giga Metals Corporation is focused on metals critical to modern batteries, especially those used in Electric Vehicles and Energy Storage. The Company's core asset is the Turnagain Project, located in northern British Columbia, which contains one of the largest undeveloped sulphide nickel and cobalt resources in the world. Giga is actively seeking other projects in the battery metals space with the goal of building a portfolio of quality assets capable of supplying critical materials to the battery industry.

Giga Metals aims to be a premier supplier of the battery metals that will be needed as the world progresses to a future powered by clean energy. The Company is currently focused on two of the key metals used in the batteries of electric vehicles: Nickel and Cobalt.


CORE PROJECT

Turnagain Nickel-Cobalt Project, British Columbia, Canada

The Turnagain project covers a large, relatively underexplored land package prospective for additional ultramafic-hosted nickel-cobalt discoveries. Turnagain is one of the few projects in a stable jurisdiction that can potentially deliver large quantities of cobalt and nickel to meet the growing needs of the electric vehicle and energy storage markets at a time when many research analysts are projecting there will be shortages in the cobalt and nickel required by battery manufacturers.

The Turnagain Project hosts the Horsetrail nickel-cobalt deposit, among the world's largest undeveloped nickel-cobalt sulphide deposits. Giga Metals owns 100% of the project which hosts a 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

  • Room to expand an already enormous resource
  • Less than 25% of the nickel prospective geology has been drilled to date.
  • Engineering studies are underway. The goal is to have the project shovel ready by 2021.
  • Extensive metallurgical work indicates a clean concentrate grading 18% nickel and 1% cobalt is achievable using proven simple and reliable “off-the-shelf” processing technology.
  • Turnagain concentrate is expected to easily meet the stringent requirements for refining into Class I nickel (purity > 99.98%), which is required by battery manufacturers.
  • Giga Metals recently sold a 2% NSR on future cobalt and nickel production at the Turnagain Project to Cobalt 27 Capital Corp. (TSX.V:KBLT) for US$1 million in cash and 1,125,000 shares of KBLT.

Preliminary Economic Assessment (PEA) (December 2011)

Key Metrics

C1 Cash Cost: US$4.26/lb
(C1 is total cash cost to produce a pound of nickel, including transportation and smelter charges, net of byproduct credits.)

Capital Expenditure

  • Initial Capex: US$1,357M
  • Expansion Capex in Year 5: US$492M

Project Economics

  • After-tax NPV@ 8%: US$724M
  • After-tax IRR (100% equity): 13.5%
  • Payback Period: 7.3 years

Project Life

  • Mill operation: 27.2 years

2018 Drilling and Exploration Program

  • Delineation drilling at the Horsetrail Deposit designed to upgrade NI 43-101 Inferred Resources to Measured or Indicated Resources, enabling engineering studies to be advanced to pre-feasibility and then to the feasibility stage.
  • Infill drilling within the starter pits to collect metallurgical samples and give more definition for more selective mining.
  • Exploration drilling:
    • The Company's geologists have yet to identify the roots of the ultramafic magmatic intrusive complex that hosts the Horsetrail deposit.
    • In addition, the Attic Zone hosts possible high impact Copper and PGE targets.

Investment Thesis

Optionality

  • Giant resource offers strong leverage to nickel and cobalt prices.
  • Small market capitalization – lots of room to be rerated in rising commodity cycle.

Exploration Upside

  • Copper, Platinum, Palladium targets in the Attic zone.
  • Less than 25% of the nickel prospective geology has been drilled.
  • Magnetic targets could be the roots of the system – possible high grade.

Management

  • Strong Management team with deep experience in minerals business.
  • Well connected with capital markets.

The Right Plan

  • Advance the project to feasibility.
  • Goal to be shovel ready by 2021.

Large, Quality Ni & Co Resource

  • Turnagain is one of the largest undeveloped sulphide nickel-cobalt resources in the world.
  • Sulphide nickel ore is most suitable to be refined into Class I nickel required by battery manufacturers.
  • Cobalt from stable supply jurisdictions will be preferred over Democratic Republic of Congo (currently 65% of supply).


Management

Management and Directors

Mark Jarvis, President, CEO and Director

Mr. Jarvis has more than 30 years of experience in exploration and development of oil and gas and metals. After a career in financing exploration projects as a stockbroker, he moved to the corporate side of the business in 1996. He joined the board of Ultra Petroleum, which at the time had a large, unconventional gas prospect that ultimately became 3 Tcf of proved reserves.

Matt Anderson, CPA, CA, B.Comm, Chief Financial Officer

Mr. Anderson has extensive experience in financial and accounting related functions based on his experience working with companies such as Claren Energy Corp., I-Minerals Inc. and Callinex Mines Inc., among others.

Leslie Young, Corporate Secretary

Ms. Young's 25-year background in the junior capital markets started with CM Oliver & Company where she served as Executive Secretary. Ms. Young was Corporate Secretary and Office Administrator for Giga Metals' predecessor company.

David Tupper, P.Geo., QP, Manager of Exploration

Mr. Tupper has over 32 years of mineral exploration experience. He has experience exploring for uranium, gold, base metals and coal in a wide variety of geological settings in North, Central and South America, as well as Asia.

Tony Hitchins, B.A.Sc., M.Sc., Geologist

Mr. Hitchins spent twenty years involved in various aspects of mineral exploration. He was district exploration manager for Cyprus Gold in Western Australia. Since returning to Canada Mr. Hitchins has worked with Vancouver based junior exploration companies.

Greg Ross, P.Geo., QP, Project Manager

Mr. Ross has over 12 years of experience in the mineral exploration and resource development industries. He has served in Project and Senior Geologist roles for junior mining companies operating in Western Canada.

James Edward Beswick, P.Eng., Fcim, Environmental, Safety and Community Programs Manager

Mr. Beswick has over 30 years of experience in environment, permitting and community relations. He was Director of Environment and Permitting for Hillsborough Resources Limited. He is currently a Trustee for the Canadian Institute of Mining Foundation.

Lyle Davis, P.Eng. (Alberta), MBA, Director

Mr. Davis is a director and CEO of Condor Resources Inc.

Dr. Jon Hykawy, Director

Dr. Hykawy has made battery materials a key part of his research focus since 2009. He serves as the President of Stormcrow Capital Limited.

Phillip Robinson, Director

Mr. Robinson is a member of the Investment Team at Pala Investments. He has in-depth knowledge of the electric vehicle and energy storage markets.

Martin Vydra, Director

Mr. Vydra is a former executive with Sherritt International and current Head of Strategy at Cobalt 27 Capital Corp. He will be instrumental in helping Giga Metals select offtake partners.


News Update

On November 20, 2018, Giga Metals Corp. announced that Mr. Martin Vydra, a former executive with Sherritt International Corporation and current Head of Strategy at Cobalt 27 Capital Corp. (TSX.V: KBLT), was appointed to the Board of Directors

On July 31, 2018, Giga Metals Corporation announced that the Company has closed the sale of a 2% Net Smelter Return ("NSR") royalty on all future nickel and cobalt production from the Turnagain Nickel-Cobalt Project to Cobalt 27 Capital Corp. (TSX.V:KBLT).


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