ANNUAL MESSAGE – 2024

Misty Urbatsch
P.Geo, MBA
President, and Director
Laying the Foundation for Long-Term Success
Fully-Funded with Best-in-Class Capital Structure
Mel Deposit: A Resource with World-Class Potential
The Mel deposit has a historical mineral resource consisting of indicated resource of 4.28 million tons grading 0.875% nickel (Ni), and inferred resource of 1.01 million tons grading 0.839% Ni, at a cut-off of 0.5% Ni1. The Mel deposit has the potential to be one of the highest-grade undeveloped nickel deposits in North America and is located only 25 km from Vale’s operating Thompson mill complex. Historical drilling has been limited to an average depth of 200 metres, in stark contrast to neighboring operations that extend deeper than 1,000 metres. This leaves vast untapped potential for expansion both at depth and along strike.
Halfway Lake: Building Momentum
At Halfway Lake, Core Nickel’s inaugural drill program intersected 91 meters grading 0.37% nickel at ~120 metres vertical depth at the W62 zone. Additionally, a VTEM survey completed in 2024 outlined 14 high-priority targets, highlighting strong potential for further discoveries. Of the 14 high-priority targets, one confirms the extension of the conductive trend interpreted to host the Halfway Lake nickel deposit (historic estimate of 900,000 tonnes grading 1.2% nickel)2 and another target identified 150 m to the north of the W62 zone.
Building on this success, the Company will be conducting a 4,000–5,000-metre drill program starting in January 2025 to test these high-priority targets.
Using Artificial Intelligence and Machine Learning to Refine Targets
Strengthening Our Leadership Team
A Commitment to Sustainability and Collaboration
Marketing Initiatives and 2025 Listing Plans
If you’re planning to attend PDAC or CCMEC in 2025, don’t miss the chance to meet our team at our booth. If you’d like to schedule a meeting or connect with us on the road or online at any time, please email [email protected]. We’d love to share our vision and hear your thoughts in person.
2025: A Year of Growth and Discovery

Chief Executive Officer, President, and Director
Core Nickel Corp.
References:
1 “Technical Report on the Mel Deposit, Northern Manitoba” prepared for Victory Nickel Inc, Shane Naccashian (P. Geo.) of Wardrop Engineering Inc., March 9, 2007
2(n.d.). https://www.canickel.com/satellite-deposits#satellited
Mel Historical Mineral Resource