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Fall 2008
The MAN AllianceITOCHU’S Investment in the Future
The MAN AllianceITOCHU’S Investment in the Future
For Discussion
PNI Today
MAN –Unlimited Blue Sky
The Alliance
Who is ITOCHU?
Impact on PNI
Next Steps
The MAN AllianceITOCHU’S Investment in the Future
PNI Today
NIC (TSX); PNCKF (OTCBB) Shares Outstanding: 67.8M
87.9 fully diluted Market Cap: $4.75M 52 week Hi / Lo: $1.15 - $0.025 Working Capital: $7.3M
The MAN AllianceITOCHU’S Investment in the Future
PNI Today
Best geological setting for commercial discovery.
The MAN AllianceITOCHU’S Investment in the Future
Pure Nickel - PropertiesPure Nickel - Properties
12 North American Properties
2 Premier Areas
5 Joint Ventured Properties
5 Other Active Projects
MAN Alaska
Thompson Belt
POV and Nuvilik-Minergy Limited
Manibridge- Crowflight Minerals
HPM Forgues- Manicouagan Minerals
Tower Zone- Rockcliff Resources Inc.
Man – Unlimited Blue Sky
100% PNI Owned
Immense Project area
Infrastructure is excellent
The MAN AllianceITOCHU’S Investment in the Future
Aeromagnetics of Survey AreaAeromagnetics of Survey Area
Rainy CreekComplex
AlphaComplex
BetaComplex
CanwellComplex
The MAN AllianceITOCHU’S Investment in the Future
MAN Samples (Massive Sulphides)MAN Samples (Massive Sulphides)
Alpha (XXX)5.9% Ni3.1% Cu1.5 g/t PGE
Miller Ck.6.2% Ni0.3% Cu5.0 g/t PGE
Glacier L.5.3% Ni1.3% Cu3.0 g/t PGE
Canwell13.6% Ni2.9% Cu26.0 g/t PGE
The MAN AllianceITOCHU’S Investment in the Future
MAN Project Geological ModelMAN Project Geological Model
BetaComplex
AlphaComplex
The MAN AllianceITOCHU’S Investment in the Future
The Alliance
$40,000,000 in development investment over 7 years. Option to earn up to a 75% interest Firm commitment to fund 2008 and 2009 exploration
expenses to a total of $6.5 million Option to earn a 60% interest by investing an additional $23.5
million over 4 years Option to earn a 75% interest by investing $10 million in the
7th year. 10% Management Fee
The MAN AllianceITOCHU’S Investment in the Future
Who is ITOCHU? Large Japanese Conglomerate 7 Major Operating Divisions 2008 Financial Highlights:
Total Revenue: $131.6 billion USNet Income: $ 2.32 billion US
Total Assets $ 55.7 billion USShareholder’s Equity $ 10.4 billion US
ROE 23.3%
The MAN AllianceITOCHU’S Investment in the Future
Impact on PNI
$2.1 million in 2008 exploration costs recovered $4.4 million exploration budget for MAN in 2009, including
management fees of $400,000 $1 million dollar positive impact on expenses Long term partner prepared to look at other PNI projects No requirement to raise capital in 2009 Builds credibility for our projects, technical team and
management
The MAN AllianceITOCHU’S Investment in the Future
Next StepsWinter 2009• Extensive modeling and mapping using new and existing
geochemistry and geophysical surveys• Extensive analysis, utilizing “state of the art” software, of historic
drill programs, integration with all other data• Initiate New and deeper ground geophysical surveys
The MAN AllianceITOCHU’S Investment in the Future
Next StepsSpring 2009 LIDAR & High Resolution Aerial Photography over Alpha, Beta,
Rainy, Canwell complexes
The MAN AllianceITOCHU’S Investment in the Future
Next StepsSummer 2009• Detailed mapping and prospecting • Construction of a rock preparation and analysis facility• 7000 meter 2 drill program• Additional airborne VTEM surveys
Questions?