Building a Preeminent Nickel & PGM Companysudburyplatinumcorp.com/images/support/presentations/SPC_Presentation.pdfEDDY) to form SPC Metals (SPC) • SPC has two wholly owned, advanced-stage

M E E T I N G D E M A N D S F O R A C L E A N E R W O R L D

S P C M E TA L S

C O R P O R AT E P R E S E N TAT I O N Q 3 2 0 2 0

Building a Preeminent Nickel & PGM Company


Forward Looking Statements

Certain information contained in this presentation, includes informationand statements which may contain words such as "could", "plans","should", "anticipates", "expect", "believe", "will", and similar expressionsand statements relating to matters that are not historical facts are forward-looking information. All of the forward-looking information contained in thispresentation is qualified by this cautionary statement. There can be noassurance that the actual results or developments anticipated by SudburyPlatinum Corporation (SPC Metals) as expressed or implied by theforward-looking information, will be realized or, even if substantiallyrealized, that they will have the expected consequences to or effects onSudbury Platinum Corporation or its business operations. SudburyPlatinum Corporation disclaims any intention or obligation to update orrevise any forward-looking information as a result of new information orfuture events. Readers should not place undue reliance on forward-looking information.

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The Opportunity

Nickel & Palladium – the Most Exciting Investment of 2020

• Electric Vehicles (EVs) creating “once-in-a-generation investment

opportunity”

• < 40% of world nickel production is suitable for battery manufacturing

• Palladium’s unique properties make it well suited to meet stricter global

emission standards

• Hybrid cars require more palladium than internal combustion engines

• The Sudbury Basin is the world’s second largest nickel mining camp

with PGM’s and copper as by-products

We believe the nickel & palladium market fundamentals are pointing in

the right direction for investors now and in years to come

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Investment Summary

• SPC has two wholly owned, advanced-stage projects in the Sudbury

camp and an option on a highly prospective property.

1. The Aer-Kidd Property located 1.8 km from Vale’s (NYSE: VALE) Totten

Mine and 3 km from KGHM’s (WSE: KGH) Victoria Deposit

2. The Lockerby East Property hosts the Lockerby East and Graham West

resources

3. The Janes Ni-Cu-PGM Property located 50 km NE of Sudbury and has

potential for a high-grade massive Ni-Cu-PGM sulphide mineralization

• Experienced management team focused on exploring in Sudbury since

2001; recipient of numerous awards including the 2004 PDAC

Prospector of the Year

• Targeting a $2.0M private placement to advance key assets and

complete a public transaction by the end of 2020.

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Focused on building Canada’s next preeminent Ni-Cu-PGM

Company


Scott McLean, Chief Executive Officer

Scott has over 30 years of experience including 23 years with Falconbridge Limited, which was acquired for

approximately USD $20 billion by Xstrata in 2006, which then subsequently merged with Glencore (LSE: GLEN)

for USD $66 billion. Scott’s experience in exploration and management resulted in the discovery of various mineral

deposits including the 17 million tonne Nickel Rim South Mine in Sudbury, Ontario. For his role in this discovery,

he was a recipient of the Prospector of the Year Award in 2004 by the Prospectors and Developers Association of

Canada. He was also appointed to the transitional board of the Professional Geoscientists of Ontario and currently

represents the profession as President.

Grant Mourre, President & Chief Operating Officer

Grant has more than 20 years of experience in the mineral exploration business primarily focused on magmatic Ni-

Cu-PGM mineralization. Through his work and research, Grant has developed in-depth knowledge of the geology and

mineralization of magmatic systems with an emphasis on the Sudbury Igneous Complex. In 2013, Grant was a co-

recipient of the Bernie Schnieders Discovery of the Year presented by the NWOPA for the Sunday Lake PGM Project

discovery.

Christopher Chadder, Chief Financial Officer

Chris is a senior executive with extensive hands on experience in management, business leadership and working

with Boards of Directors, Financial Institutions, Regulators and Corporate Council. Chris has experience with a

number of TSX-listed junior mining and development companies, including Minera Alamos, (TSXV: MAI), NWM

Mining Corp., Ursa Major Minerals and Patricia Mining Corp.

World Class Discovery Team

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Board of Directors

Scott McLean

CHAIRMAN

⚫ Discovered the 17 million tonne

Nickel Rim South Mine while at

Falconbridge

⚫ Prospector of the Year in 2004

⚫ Co-recipient of the “Bernie

Schnieders Discovery of the Year” for

the Sunday Lake PGM Project

Discovery

⚫ 30 Years experience in the mining

industry

William Shaver

DIRECTOR

⚫ COO at INV Metals (TSX: INV)

⚫ Previously President & CEO of DMC

Mining

⚫ Co-Founder of Dynatec Corporation

⚫ Board member of Torex Gold (TSX: TXG)

⚫ 45 years experience in the Mining

Industry

⚫ 2013 EY Entrepreneur of the Year for

bringing innovation to the mining industry

Brian Montgomery

DIRECTOR

⚫ Lawyer and a retired partner of Weaver

Simmons LLP

⚫ Currently associated as counsel with the

Moutsatsos Laakso Alexander LLP law firm in

Sudbury specializing in business and corporate

law

⚫ He is recognized for his expertise in all aspects

of mining, corporate, real estate, and business

law

Alger St. Jean

DIRECTOR

⚫ Executive Vice President, Exploration &

Resource Development, RNC Minerals

(TSXV:RNX)

⚫ Vice President, Exploration at Orford Mining.

⚫ Previously, Senior Geologist at Glencore

formerly Xstrata

⚫ Over 25 years experience in the mining

industry, primarily focused on nickel and gold

Alistair Ross

DIRECTOR

⚫ President and CEO of Rockcliff Metals

(TSXV:RCLF)

⚫ Former Head of Mining and Milling for Vale’s

(NYSE: VALE), Atlantic Base Metals Operations

⚫ Former President of Lonmin’s South Africa

Operations, the world’s third largest platinum

producer

⚫ Over 40 years of experience in the mining industry

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Primary Deposit Types

Nickel

• Class 1 Nickel source

• Restricted geological

environment

• Low PGM values

• Rare, difficult to find

• Low PGM recoveries

PGM

• Extremely difficult to

find, few successful

examples worldwide

• Low base metal values

• Susceptible to precious

metal price fluctuations

• Metallurgy and

recovery issues

Magmatic Ni-Cu-PGM

• Polymetallic deposits

• Class 1 Nickel source

• Significant source of PGM

• High per tonne value

• Proven mining and processing techniques

Sudbury Camp –

Best area in North America for Magmatic Ni-Cu-PGM

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$316.00

$141.00 $14.74 $92.44

$295.35

$45.85 $7.90

Ni Cu Co Pt Pd Au Ag

Magmatic Ni-Cu-PGM

Victoria Deposit* (owned by KGHM)

• Discovered in 2010 (1.3% Cu, 0.6 % Ni,

2.2 g/t PGM over 471m).

• 14.5 Mt @ 2.5% Ni, 2.5% Cu,

7.6 g/t PGM

• In-situ metal value of $13B**

• Contains 710M lbs Ni, 720M lbs Cu,

1,310K oz Pt, 1,890K oz Pd, 420K oz Au

• Value of the ore per ton in-situ is

estimated at $892**

**Based on metal vales of $6.32/lbs Ni, $2.82/lbs Cu, $14.74/lbs Co,

$1002.00/oz Pt, $2219.00/oz Pd, $1550.30/oz Au, $17.93/oz Ag

$892

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Excellent targets for both Ni and PGM

*SPC Metals has no interest in the Victoria Deposit. It is being used as an illustration of

the high-grade, high-value nature of Sudbury ore deposits.


Sudbury Camp

$6B

* Estimated market value of total historic production using current commodity prices

9$280B 125

$

9

Production value

since 1883*

Invested

since 2012

Years of mining

historyActive mines

Since 1883, 25B lbs. Ni, 26B lbs. Cu, 30M oz Pd+Pt, 5M oz Au

have been produced


Onaping Depth

Development Project

• $1.0B CapEx

• 14.0Mt @ 2.24% Ni, 1.01% Cu

• +2,500m depth

Norman West

Advanced Exploration

• New high-grade discovery

• +15.0 Mt discovery

• +2,000m depth

Nickel Rim – Victor

Development Project

• High-grade Cu mineralization

• +2,500m depth

Copper Cliff South Mine

Capital Project

• $700M CapEx

• Shaft and Infrastructure

DevelopmentVictoria Deposit KGHM

Resource Stage

• 14.2Mt @ 2.5% Ni, 2.5% Cu

• +1,500m depth

Current Discovery and Development

Aer-Kidd

Lockerby East

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• Aer-Kidd is 1.8 km

from Totten, the

newest mine in the

Sudbury Basin, and 3

km from the Victoria

Deposit, the largest

and highest-grade

undeveloped resource

• Lockerby contains

historic resources

both near-surface and

at depth

• Excellent access and

infrastructure Totten Mine (Vale)

10.5Mt @ 1.5% Ni,

2.0% Cu, 4.8 g/t PGM

Victoria Deposit (KGHM)

14.5Mt @ 2.5% Ni, 2.5% Cu,

7.8 g/t PGM

Aer-Kidd

The Right Address

Lockerby

Unique land position among Juniors in the Sudbury Basin

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Aer-Kidd Project Overview

• Located only 1.8 km NE of the Totten Mine (Vale)

• 10.1 Mt @ 1.5% Ni, 1.97% Cu, 4.8 g/t PGM.

• Located only 3 km SW of the Victoria Project

(KGHM)

• 14.5 Mt @ 2.5% Ni, 2.5% Cu, 7.6 g/t PGM.

• Three historic past producing deposits located on

the Aer-Kidd Property

• Preproduction resource: 786,000 t @ 0.57% Ni, 0.76% Cu1

• Mineralization is hosted within the Worthington

Offset Dyke

• Target is high-grade massive Ni-Cu sulphides

• Values up to 7.96% Ni, 7.5% Cu over 0.25 metres

• Significant PGM associated with Ni-Cu

mineralization

• Values up to 133.87 g/t PGM (128.5 g/t Pd) have been reported in drilling over 0.25 metres

• SPC has completed 21,500 m of drilling

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1. The Company considers the cited public domain resource estimates to be historical in nature and cautions the reader

that they may no longer be relevant. The Company does not treat the historic estimate as a current mineral resource.


Aer-Kidd Mineralization

• Massive sulphide occurs interstitial to or

wrapping around breccia fragments

• High-tenor Ni sulphides (2 – 12 wt.%, Avg. 6.5

wt. %)

• Elevated Pt and Pd values, Rh?

• Values up to 7.9% Ni, 7.5% Cu, 133.8 g/t PGM

(128.5 g/t Pd) over 0.25 m encountered in drill

core

• 8.10 metres @ 1.04% Ni, 0.75% Cu, 2.4 g/t PGM

• 9.15 metres @ 0.67 % Ni, 0.99 % Cu, 1.46 g/t PGM




• At both Totten and Victoria grades increase with depth

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Aer-Kidd Opportunities and Program

Targets

• Testing geophysical anomalies with

BHEM and AMT

• Testing mineralization and geological

trends

Opportunity

• 0.5 – 2Mt potential above 1,000m

• 2 -10Mt potential below 1,000m

Phase 1 Program - $1,100,000

• Relogging of historic core

• Compilation and 3D modelling

• 4,400m drill program (2 initial + 2 follow-

up)

Phase 2 Program - $2,500,000

• 10,650m (5 parent + 5 follow-up)

• Same exploration techniques used to

discover both Totten and Victoria

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Lockerby Project Overview

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• Adjacent to the past producing Lockerby Mine (1971-2015)

• 9.6 Mt @ 1.83% Ni, 1.08% Cu was produced

• Located 3 km from past producing Crean Hill Mine (Vale) now owned by Lonmin Canada

• 16.0 Mt @ 1.22% Ni, 1.11%Cu, 1.92 g/t PGM.

• Property hosts both the Lockerby East deposit1

and the West Graham deposit1

• West Graham: 8.5Mt @ 0.45% Ni, 0.31% Cu (Indicated)

• Lockerby East: 0.18Mt @ 2.32% Ni, 0.87% Cu (Indicated)

• Mineralization is associated with ‘traps’ the basal contact of the Sudbury Basin

• Potential for PGM rich material in the footwall.

• Exploration to date has included compilation and borehole geophysics

1. The Company considers the cited public domain resource estimates to be historical in nature and cautions the reader

that they may no longer be relevant. The Company does not treat the historic estimate as a current mineral resource.


Lockerby Mineralization

Lockerby East

• Narrow (<5m thick) high-grade massive sulphide

associated with breccia along the basal contact

• The bulk of the deposit occurs at the nose of the

‘roll-over’ and remains open at depth

• 10.0 metres @ 5.60% Ni, 1.26% Cu, 0.10% Co

West Graham

• The deposit extends from 40m below surface to a

depth of approximately 475m. The modelled zone

ranges in thickness from 1.7 to 66m

• Composed primarily of high-tenor Ni (8-10 wt. %)

disseminated and blebby sulphide mineralization

within the Sublayer, 30 to 100m above the basal

contact

• 71.5 metres @ 0.51% Ni, 0.34% Cu

• 4.8 metres @ 1.04% Ni, 0.31% Cu

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Lockerby Opportunities

Targets

• Geophysical anomalies

down-dip

• Cu-PGM mineralization in

the footwall

• Eastern margin of the West

Graham deposit

Opportunity

• 10 - 30Mt above 500m

• 0.5 – 2 Mt below 500m

• High-grade blue sky

potential below 1,200m

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Janes PGM-Cu-Ni Property

• Option to acquire a 100% interest in the property

signed in December 2019

• Potential for both high-grade contact style PGM-

Cu mineralization and high-grade massive Ni-

Cu-PGM sulphide mineralization

• Contact mineralization has been identified at

surface for over 400m and is up to 30m thick

averaging between 1 - 4 g/t PGM (Pd dominant).

• To date drilling has focused down to a depth of

150m

• No modern ground geophysics has been

completed on the property

• Drill Hole:

7.80m @ 1.51% Ni, 1.86% Cu, 1.79 g/t PGM

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Janes Mineralization

Two styles of mineralization on the

Janes Property

• Disseminated PGM-Cu-Ni mineralization

• PGM-Cu rich sulphide proximal to the basal contact

averaging 1-4 g/t (Pd dominant).

• Has been traced for over 400m and is up to 30m thick

• 15.05 metres @ 2.95 g/t PGM, 1.13% Cu, 0.28% Ni (JR99-01)

• 13.34 metres @ 4.36 g/t PGM, 1.04% Cu, 0.42% NI (channel sample)

• Rodium (Rh) values of up to 1.75 g/t (currently $8,000/oz)

Massive Ni-Cu-PGM mineralization

• Pods of high-grade, high tenor massive sulphides.

• Poorly understood but observed at surface and

intersected in drill hole.

• 7.9 metres @ 1.79 g/t PGM, 1.86% Cu, 1.51% Ni from 172.8m (69-08)

• 2.08% Ni, 0.80% Cu and 4.65 g/t PGM (grab sample)

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Janes Opportunities

Targets

• Contact-style PGM-Cu

mineralization.

• Massive Ni-Cu-PGM

mineralization

Opportunity

• Near surface resource

• Bulk sample

• High-grade massive

sulphide at depth.

Future Program

• Geophysics

• Drilling

• Resource study

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SPC Capital Structure

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*Insiders include Corporate Directors, Officers and Shareholders owning >10%


Next Steps

• Initiate exploration activities at the Janes Property.

• Initiate steps to complete a public listing by the end of November.

• Evaluation of potential new high quality assets within Sudbury and other Canadian Ni-PGM Mining Camps

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Vision to build a preeminent Ni-PGM company focused on the

acquisition and development of assets within the shadows of

headframes


For more information please contact:

Scott McLean#5 - 410 Falconbridge Road

Sudbury ON P3A 4S4

Telephone: 705-669-1777

[email protected]

Thank You

Documents

Building a Preeminent Nickel & PGM Companysudburyplatinumcorp.com/images/support/presentations/SPC_Presentation.pdfEDDY) to form SPC Metals (SPC) • SPC has two wholly owned, advanced-stage