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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
Web Site: www.gigametals.com
E-mail: info@gigametals.com
Contact Person: Holly Millar
Position: Director of Corporate Communications


Company Data

Traded Market: TSX-V | OTCQX | FSE
Traded Symbol: GIGA | HNCKF | BRR2
Outstanding Shares: 85 Million
52 Week High: $ 0.86
52 Week Low: $ 0.33
Present Price: Click Here


Introduction

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Giga Metals is a junior mining company focused on metals critical to modern batteries, especially those used in electric vehicles and energy storage. The Company’s core asset is the 100%-owned Turnagain Project, located in north-central British Columbia, which contains one of the significant undeveloped sulphide nickel and cobalt resources in the world. Giga is also exploring for sediment hosted copper deposits in Brazil.

The Company is seeking strategic partners to advance this project with the objective of building a 37,000 tonnes per year nickel operation.

Global Demand

Lithium-ion batteries are the fastest growing source of demand for nickel. Experts estimate that 1.5 to 2.5 Mt/y of additional battery-grade nickel is needed by 2040. This would require 40-70 new large mines with suitable products, like Turnagain.


CORE PROJECT

Turnagain Nickel-Cobalt Project, British Columbia, Canada

Project Highlights

  • Turnagain is located in Canada, which features world-class Environmental, Social and Governance (ESG) systems.
  • Located in a stable jurisdiction with access to a deep-water port on the Pacific for shipping to Asia and nearby rail connections to the United States and central Canada.
  • Giga Metals is continuing to build relationships with communities with respect to the impacts and benefits of the Turnagain Project.
  • Turnagain is among the largest undeveloped sulphide nickel deposits in the world in terms of total contained nickel.
  • Massive deposit with very large resource
    • Measured and Indicated: 2.36M tonnes nickel and 141,000 tonnes cobalt, grading 0.22% Ni, 0.013% Co
    • Inferred: 2.48M tonnes nickel and 148,000 tonnes cobalt, grading 0.217% Ni, 0.013% Co

Updated Turnagain Mineral Resource, September 2019

(at a cut-off grade of 0.1% Ni)

Classification

Tonnage
(000s)

Ni
(%)

Co
(%)

Contained
Ni
(tonnes)

Contained
Co
(tonnes)

Contained
Ni

(Mlbs)

Contained
Co
(Mlbs)

Measured

360,913

0.230

0.014

831,182

49,806

1,832

110

Indicated

712,406

0.215

0.013

1,530,248

91,900

3,374

203

Measured & Indicated

1,073,319

0.220

0.013

2,361,430

141,707

5,206

312

Inferred

1,142,101

0.217

0.013

2,482,926

148,473

5,473

327

  • Updated Preliminary Economic Assessment (PEA) models 1.2 million tonnes of nickel production of an average of 33,000 tonnes of nickel per year over a 37 year mine life; pre-tax internal rate of return (IRR) of 6.3% and an after-tax IRR of 4.9% at the base case price of $7.50/lb. nickel.
  • Excellent product quality
    • The concentrate of approximately 18% Ni and 1% Co
    • Low impurities such as arsenic, mercury, cadmium
    • Suitable for both traditional processing and direct pressure oxidation to produce refined nickel end products such as battery chemicals
  • Low Carbon Nickel: Turnagain is being designed to be a low carbon nickel mine. Projected emissions are < 2.5 t CO2e/t Ni in concentrate.
  • Funding carbon sequestration research at UBC
  • Safe, modern tailings management
  • Simple Flowsheet: Crush – grind – froth flotation
    • Low technical risk with froth flotation
  • Potential to deliver to smelters or direct pressure oxidation refineries

Comparison with Laterite Projects

Turnagain

Prospective Laterite

  • Open pit mine in hard rock
  • Deep deposit minimizes mine deforestation
  • Low erosion potential, pit water used/treated
  • Northern location reduces biodiversity impacts
  • Low carbon intensity
  • Strip mining soft deposits
  • Thin deposits increase mine deforestation
  • · High erosion potential, river/ocean contamination
  • · Tropical location increases biodiversity impacts
  • High carbon intensity


Management

Management and Directors

Mark Jarvis, CEO and Director

Mr. Jarvis has more than 30 years of experience in exploration and development of mineral resources, both in oil & gas and metals. After a career financing exploration projects as a stockbroker, he moved to the corporate side of the business in 1996. He joined the board of Ultra Petroleum as Director and was responsible for Corporate Finance and at the time when Ultra had a large unconventional gas prospect that ultimately became 3 TCF of proved reserves.

Martin Vydra, President and Director

Mr. Vydra is a former executive with Sherritt International. Mr. Vydra is widely recognized as an expert in nickel and cobalt extraction, processing and refining including the development and application of advanced technologies to maximize the recovery of valuable metals such as nickel and cobalt from a variety of feeds. While at Sherritt, his technical accomplishments spanned four continents and over 20 operations.Robert Morris, DirectorMr. Morris served as Executive Vice President with global accountability for sales and marketing of Vale S.A.'s base metals portfolio.

Lyle Trytten, Manager of Development

Mr. Trytten has more than 25 years' experience in the nickel industry, and was previously General Manager, Sustainability with Sherritt International Corporation at their Alberta nickel refinery.

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.

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.

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.

Holly Millar, B.A., Director of Corporate Communications & Marketing

Ms. Millar has more than 10 years of experience in digital and traditional marketing. She has experience working in a wide variety of industries in both Vancouver and Berlin.

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 the President for the Canadian Institute of Mining Foundation.

Anthony Milewski, Chairman of the Board

Mr. Milewski is the Chairman of Nickel 28. He has been active in battery metals including investing in cobalt and actively trading physical cobalt.

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

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


News Update

On February 03, 2022, Giga Metals Corp. has entered into an underwriting agreement with a syndicate of underwriters led by Cantor Fitzgerald Canada Corp., as lead underwriter and sole bookrunner, and including Canaccord Genuity Corp., Haywood Securities Inc. and Echelon Wealth Partners Inc. to sell 10.9 million common share units at a price to the public of 34 cents per unit for gross proceeds to the company of approximately $3.7-million. Anticipated use of proceeds received from the sale of the units will be used for development and exploration expenses at the Turnagain project in British Columbia including undertaking a prefeasibility study, as well as for general corporate expenses.

On February 01, 2022, Giga Metals Corp. is undertaking an overnight marketed public offering of common share units of the company for anticipated gross proceeds of up to $7.5-million. The offering is expected to be completed pursuant to an underwriting agreement to be entered into between the company and Cantor Fitzgerald Canada Corp. (CFCC) as lead underwriter and sole bookrunner, acting on its own behalf and on behalf of a syndicate of underwriters.

On January 31, 2022, Mark Jarvis, CEO of Giga Metals Corp. announced today that a tenure swap has been completed with Copper Fox Metals, which has land on the western border of Giga's Turnagain project in northern B.C. A total of 1,910.28 hectares in a strip along the northwest of the Turnagain claims was traded to Copper Fox in exchange for 2,153.44 hectares towards the southwest portion of the Turnagain claims.

"We are very happy to successfully complete this trade," said Mr. Jarvis. "The tenure we acquired covers ground that impinges on our most probable Tailings Management Facility location and also covers our second most likely mill site. The tenure swapped to Copper Fox is not proximal to our deposit and proposed infrastructure and, to the best of our knowledge, has no mineralization of interest."

On December 23, 2021, Giga Metals Corp. announce that the drill program at the16,858-hectare Corrente property in the state of Piaui, Brazil, has been temporarily suspended due to weather. Flooding in the area has subsided, but water tables have remained too high for effective drilling. The exploration program is expected to resume in February, 2022.

On December 06, 2021, Giga Metals Corp. has commenced a first phase reconnaissance drilling program to test the potential of a series of priority targets generated during 2021 at its sedimentary-hosted copper exploration project, in the state of Piaui, Brazil (see press release dated Feb. 21, 2021).

The drill targets on the 16,858-hectare Corrente property to be tested by this initial program are defined by:

  • Copper mineralization intersected by five historical well boreholes (BH-A to E) within sequences of the prospective clastic and carbonate rocks of the Cambrian Araca basin;
  • Anomalous copper and associated pathfinder element results (silver, barium, cobalt, indium, antimony and thallium) in contiguous stream sediment samples;
  • Association or coincidence with larger regional faults which are expressed as regional lineaments and are evident in the regional magnetic data.

Giga Metals to attend 121 Mining Investment Conference in London


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