NickelX : Company Presentation

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personalCOSMOS SOUTH ACQUISITION PRESENTATION

NICKEL DISCOVERY, DEVELOPMENT AND ACQUISITION

www.nickelximited.com

March 2022

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onlyImportant Information

Disclaimer, Forward Looking and CP Statements

C mpetent Person's Statement

The information in this announcement that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Tony Donaghy who is a Registered Professional Geoscientist (P.Geo) with the association of Professional Geoscientists of Ontario (PGO), a Recognised

Professional Organisation (RPO). Mr Donaghy is an employee of CSA Global, an ERM Company, and is contracted as Exploration Management useConsultant to Nickel X Limited. Mr Donaghy has sufficient experience which is relevant to the style of mineralisation and types of deposit under

consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Donaghy consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward Looking Statements

Some statements in this announcement regarding estimates or future events are forward-looking statements. Forward-looking statements include, but

are not limited to, statements preceded by words such as "planned", "expected", "projected", "estimated", "may", "scheduled", "intends",

"anticipates", "believes", "potential", "could", "nominal", "conceptual" and similar expressions. Forward-looking statements, opinions and estimates included in this announcement are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Statements regarding plans with respect to the Company's mineral properties may also contain forward looking statements. Forward-looking statements are provided as a general guide only and should not be relied on as a guarantee of future performance. Forward-looking statements may be affected by a range of variables that could cause actual results to differ from estimated results expressed or implied by such forward-looking statements. These risks and uncertainties include but are not limited to liabilities inherent in exploration and development activities, geological, mining, processing and technical problems, the inability to obtain exploration and mine licenses, permits and other regulatory approvals required in connection with operations, competition for among other things, capital, undeveloped lands and skilled personnel; incorrect assessments of prospectivity and the value of acquisitions; the inability to identify further mineralisation at the Company's tenements, changes in commodity prices and exchange rates; currency and interest rate fluctuations; various events which could disrupt exploration development activities, operations and/or the transportation of mineral products, including labour stoppages and evere weather conditions; the demand for and availability of transportation services; the ability to secure adequate financing and management's ability to anticipate and manage the foregoing factors and risks and various other risks. There can be no assurance that forward-looking statements

will prove to be correct.	2
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Building nickel sulphide assets

Drill ready targets and a pipeline of opportunities

•	NickelX has received overwhelming shareholder support to acquire the Cosmos South Nickel Project in the world class Nickel
onlyproducing Wiluna Greenstone Belt (WGB), dominated by IGO and BHP.
		Cosmos South is ~10km south of the world class Cosmos Operations (ASX:IGO) and ~20km north of the world class Leinster
		Operations (ASX:BHP) within the prolific Wiluna Greenstone Belt (WGB),
		Ultramafic rocks which host Nickel mineralisation to the north and south, interpreted to strike through the Cosmos South Nickel
use	project, which has been identified from preliminary review of existing Magnetic data
A high priority electromagnetic conductivity anomaly target at CS1 has been identified, via geological interpretation and
personalr	geophysical data review including Moving Loop Electromagnetic (MLEM) and Fixed Loop Electromagnetic (FLEM) surveys.
		The CS1 target in MLEM data is interpreted to be shallow (depth to top ~60m), multiple large conductors, with a time
		constant estimated to be 500ms and modelled conductance of 12,000 Siemens.
		The CS1 target in subsequent FLEM data is interpreted to be a shallow (depth to top ~80m) large bedrock conductor with a
		strike length of 565m and depth extent of 850m, a time constant of 700ms and modelled conductance of 11,300 Siemens.
		The project has not been the subject of any systematic exploration drilling, due to the targets being obscured beneath cover
		associated with Lake Miranda, yet significant exploration and discoveries have been undertaken directly north and south of
		the project area, where the bedrock outcrops.
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	Capital Structure
	Well valued MC and Fully Funded
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	Current Price	$0.15
	Shares on issue(undiluted)	68,768,613
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	Market Capitalisation (undiluted)	$10,315,292
	Shares on issue (fully diluted)	79,918,613
	Market Cap. (fully diluted)	$11,987,912
	Current Enterprise Value (EV)	$6,083,699
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	Cash at Bank (June)	$4,231,593

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	Team with significant nickel experience
	Deep corporate and technical capabilities
	Management	Experience
use	Mr Downes is a mining executive with 25 years' experience in the mining industry and has
	Jonathan Downes	worked in various geological and corporate capacities. Jonathan has experience with
	Chairman	nickel, gold and base metals and has also been involved with numerous private and public
		capital raisings in the mining industry
	Mr Matthew Gauci	Mr Gauci is a mining executive with 20 years' experience in the mining industry and has
	generated and developed exploration and mining projects internationally and successfully
	Managing Director	transacted with major funds & companies. Mr Gauci is a member of the Corporate and Tax
personalr	Committee of the Association of Mining and Exploration Companies (AMEC).
Dr Kreuzer is a corporate geoscientist and recognised project generation and targeting
	Dr Oliver Kreuzer
	specialist, having been involved in the generation and exploration of significant gold, base
	Technical Director
	and energy metals exploration projects in Australia, North America and Africa.
	Dr Kris Butera	Dr Butera is a highly experienced and well respected discovery and corporate geologist
	with significant executive leadership experience, and has been involved in the generation,
	Exploration Director
	discovery and marketing of significant Australian base and precious metals projects.
	Mr Tony Donaghy	Mr Donaghy is an internationally recognized expert in the global search for nickel, copper,
	cobalt and platinum group elements (PGEs) and a skilled exploration geologist who is
	Nickel Consultant
	familiar with most geological environments and a broad variety of mineral commodities.	5