NORDIC RESOURCES LTD — AGM Information 2023

Nov 14, 2023

==> picture [291 x 120] intentionally omitted <==

==> picture [41 x 41] intentionally omitted <==

==> picture [41 x 41] intentionally omitted <==

Annual General Meeting 15 November 2023

==> picture [84 x 88] intentionally omitted <==

----- Start of picture text -----

ASX
NNL
----- End of picture text -----

DISCLAIMER AND FORWARD-LOOKING STATEMENTS

The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions.

DISCLAIMER

This presentation is for informational purposes only and does not constitute an offer to sell, or solicitation to purchase, any securities. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. In providing this presentation Nordic Nickel Limited (“NNL”) ACN 647 455 105 and its subsidiaries has not considered the financial position or needs of the recipient. Persons needing advice should consult their stockbroker, bank manager, solicitor, attorney, accountant or other independent financial and legal advisors.

FORWARD LOOKING STATEMENTS

Various statements in this presentation constitute statements relating to intentions, future acts, events and exploration targets. Such statements are generally classified as “forward looking statements” and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates” and similar expressions are intended to identify forward-looking statements. NNL caution shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of NNL only as of the date of this presentation. The forward-looking statements made in this presentation relate only to events as of the date on which the statements are made.

COMPETENT PERSON

The information in this report that relates to exploration results is based on, and fairly represents, information and supporting documentation compiled by Lachlan Rutherford (PhD, MBA). Dr Rutherford is a competent person who is a member of the Australian Institute of Mining & Metallurgy, and a consultant to the Company. Dr Rutherford has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2012 edition of the JORC Code. Dr Rutherford consents to the inclusion of the matters based in this Presentation on his information noted in the form and context in which it appears.

NORDICNICKEL.COM | 2

• Two district-scale nickel-copper exploration assets in world’s newest major Nickel Sulphide District – Northern Finland, Central Lapland Greenstone Belt (CLGB)

• Pulju Project – extensive shallow disseminated nickel sulphides plus potential for high-grade massive sulphide discoveries

• Maiden 133.6Mt JORC (2012) Mineral Resource Estimate containing 278,520t Ni and 12,560t Co based on shallow historical drilling[1,2]

• Extensive geophysical campaign identified exceptional pipeline of company making targets – prioritising high-grade massive sulphide potential – chasing Sakatti analogues

• Highly-credentialled global team with extensive nickel experience

• Mineral Processing Study and updated Mineral Resource Estimate scheduled for late 2023

• 20km drilling campaign underway at Pulju, focused on Hotinvaara prospect

• Selected by BHP to participate in its inaugural 2023 Xplor Program

Pulju Project Highlights

==> picture [90 x 93] intentionally omitted <==

----- Start of picture text -----


----- End of picture text -----

• District Scale Potential

• UAV Mag survey identified 9 new potential exploration regions across Pulju

==> picture [90 x 93] intentionally omitted <==

----- Start of picture text -----


----- End of picture text -----

Broad Lateral Continuity

Extensive Vertical Continuity

• Semi-continuous mineralisation  2km continuous mineralised strike delineated visible & drill tested to over 1,000m at Hotinvaara prospect at Hotinvaara prospect  35km semi-continuous mineralised strike (Pulju)

• 1 ASX Maiden Resource Announcement 7 July 2022

2 NNL confirms all material assumptions and technical parameters underpinning the Resource Estimate continue to apply and have not materially changed as per Listing Rule 5.23.2

NORDICNICKEL.COM | NORDICNICKEL.COM | 3 3

Demand for Class-1 nickel sulphides to grow to 2.5Mt by 2040 (14.5% CAGR) with 95% going to EV’s)[1]

Securing supply in Europe of critical minerals is a strategic priority[2]

Finland is incentivising battery minerals projects and has a deep mining history

Central Lapland Greenstone Belt (CLGB) is highly prospective for high purity, Class-1 nickel sulphides

Nordic Nickel has rights over 515km[2 ] of a district-scale exploration land package in CLGB

20km drill campaign underway

1 Wood Mackenzie “Future Facing Mined Commodities Forum, March 2022“

2 EU Critical Minerals Act, March 2023

NORDICNICKEL.COM | 4

Nordic Region gigafactory commitments account for over 20% of planned battery cell production in Europe[1]

==> picture [626 x 398] intentionally omitted <==

----- Start of picture text -----

Nikkelverk Refinery
Kristiansand 92kt pa Finland – Nickel Mines
Reserves &
Company Mine Resource Grade
70 >75 Terrafame Talvivaara 1Btn Ni 0.22%
Cu 0.13%
GWh/a GWh/a
Ni 0.22%,
Boliden Kevitsa 243Mtn
Cu 0.34%
160
>270 GWh/a
Terrafame Smelter & Refinery
GWh/a
Sotkamo, 37kt pa
Nornickel Refinery Harjavalta, 66kt pa
Boliden Smelter Harjavalta, 19kt pa
77
~125 GWh/a
GWh/a
10
GWh/a
~110 94
GWh/a GWh/a
----- End of picture text -----

==> picture [130 x 9] intentionally omitted <==

----- Start of picture text -----

NORDICNICKEL.COM | 5
----- End of picture text -----

1 Source: Beermann, Vorholt 2022

Pulju Nickel Project (100%)

• District scale, nickel-rich system

• Shallow disseminated nickel sulphides + high-grade massive sulphides

• • Geophysics shows similar EM signatures to the Sakatti Deposit

• • Maiden 20km drill campaign underway

• Geophysics shows similar EM signatures to the Sakatti Deposit

• –

• Two granted exploration licences Hotinvaara and Holtinvaara

Maaninkijoki 3 (MJ3) Nickel Project

• Ultramafic lithologies similar to the nearby Sakatti Deposit

• Promising magnetic, gravimetric and geochemical surveys

• Right to earn a 75% interest

==> picture [586 x 407] intentionally omitted <==

NORDICNICKEL.COM | 6

DISTRICT-SCALE LATERAL CONTINUITY

• 35km of semi-continuous prospective strike

• Detailed magnetics show nine new potential exploration regions

EXCEPTIONAL VERTICAL CONTINUITY

• 2km of continuous mineralized strike at Hotinvaara Prospect

• Semi-continuous mineralization from surface to over 1,000m vertical depth

• Numerous strong EM targets, with only a handful tested to date

• Update of maiden 133.6Mt JORC (2012) Mineral Resource Estimate of 278,520t Ni and 12,560t Co expected Q1 2024

NORDICNICKEL.COM | 7

1 ASX Outstanding Regional Nickel Potential Confirmed at Pulju, 10 August 2022

NORDICNICKEL.COM | 8

• Nickel occurrences coincident with ultramafic lithologies and magnetic highs

• Magnetic anomalies correlate to the ultramafic rocks

• 35km of semi-continuous prospective strike

• Shallow historical regional drilling confirmed widespread near-surface, disseminated nickel sulphide mineralisation

• Disseminated nickel sulphides represent clear target, but also a marker for higher-grade massive sulphides

• Higher-grade nickel mineralisation has good correlation with the stronger magnetic highs

• High-resolution regional magnetic survey has identified numerous large-scale Priority 1 targets

==> picture [412 x 438] intentionally omitted <==

Source: Historic drill hole collar plan and assay highlights. Background image: total magnetic intensity (Source: GTK).

NORDICNICKEL.COM | 9

• 2% of total 240km[2] land package at Pulju Project

• Over 1,700m of untested prospective strike

• Dual exploration targets:

• i. Ultra high-grade massive sulphide lenses , with high nickel tenor located within disseminated nickel cloud

ii. Near-surface disseminated nickel sulphides , with widespread, thick intersections

==> picture [563 x 423] intentionally omitted <==

NORDICNICKEL.COM | 10

Selected near surface disseminated nickel intersections*

97m @ 0.33% Ni from 102m in HOV-007 incl. 18m @ 0.70% Ni from 163m; and incl. 2.2m @ 1.33% Ni from 169.5m

122m @ 0.25% Ni from 33m in HOV-009

108m @ 0.26% Ni from 98m in HOV-010

74m @ 0.25% Ni from 148m in HOV-011

109m @ 0.25% Ni from 41m in HOV-014

76m @ 0.24% Ni from 37m in HOV-018

67m @ 0.21% Ni from 115m in HOV-022

96m @ 0.27% Ni from 150m in HOV-026

83m @ 0.22% Ni from 139m in HOV-028

50m @ 0.28% Ni from 101m in HOV-030 incl. 2m @ 1.19% Ni from 142m

36m @ 0.33% Ni from 172m in HOV-032

79m @ 0.26% Ni from 60m in HOV-034

141m @ 0.27% Ni from 86m in HOV-040

143m @ 0.21% Ni from 161m in HOV-043

Massive sulphide intersections*

0.26m @ 9.61% Ni, 0.17% Cu and 0.36% Co from 147.37m in HOV-032

0.90m @ 4.98% Ni, 0.03% Cu and 0.14% Co from 190.40m in HOV-032

1.56m @ 1.88% Ni, 0.03% Cu and 0.06% Co from 193.3M in HOV-037

0.17m @ 2.78% Ni, 0.02% Cu and 0.08% Co from 44.8m in HOV-038

0.32m @ 5.03% Ni, 0.06% Cu and 0.24% Co from 45.7m in HOV-039

0.13m @ 3.79% Ni, 0.07% Cu and 0.11% Co from 398.95m in HOV-040

0.85m @ 1.72% Ni, 0.02% Cu and 0.05% Co from 182.3m in HOV-043

• Near-surface disseminated nickel

sulphide mineralisation is consistent and widespread, remaining open along strike and at depth

• 83-94% of total Ni sampled is in sulphides with excellent liberation characteristics[3]

• The massive sulphide intersections are extremely high-grade and yet to be fully surveyed by down-hole EM:

• Down-hole EM is proving effective at tracking the massive sulphides and will be a vital exploration tool

• Most historic holes terminated in mineralisation

56m @ 0.28% Ni from 66m n HOV-49

• Complete set of historical drilling results available in the ITAR section of the Company’s IPO Prospectus dated 8 April 2022

3 ASX Metso:Outotec Test Work Announcement 22 June 2022

NORDICNICKEL.COM | 11

• Maiden Mineral Resource Estimate (MRE) of 133.6Mt @ 0.21% Ni, 0.01% Co for 278,530t of contained Ni and 12,650t Co[1,2]

• 227,000t contained Ni metal (81% of total) within 250m from surface

• Strong metal endowment within an extensive nickel-rich system

• Disseminated nickel a marker for high grade massive sulphides in the Central Lapland Greenstone Belt.

• 1 ASX Maiden Resource Announcement 7 July 2022

2 NNL confirms all material assumptions and technical parameters underpinning the Resource Estimate continue to apply and have not materially changed as per Listing Rule 5.23.2

==> picture [440 x 435] intentionally omitted <==

Hotinvaara Exploration Licence highlighting prospective geology (Mertavaara Formation) and surficial expression of 2022 Mineral Resource Estimate (green).

NORDICNICKEL.COM | 12

• Diamond drilling program concluded for 2023 with 15,432m completed over 28 drill holes

• Successfully tested many geological and geophysical targets (MLEM, BHEM, fixed-loop EM, gravity and magnetics)

• Remaining assay results expected within the next month

• Assays and visual observations indicate widespread disseminated sulphide mineralization, increasing the known footprint of the prospective host rocks[1]

• Approximately 30m of semi-massive and nettextured sulphides intersected in HOT003

• Step-out hole (HOT026)500m south of MRE along strike of the Hotinsaajo 2km long magnetic anomaly intersected disseminated sulphides and 7.5m of semi-massive and net-textured sulphides (based on visual logging)

1 In relation to the disclosure of visual mineralisation, the Company cautions that visual estimates of sulphide and oxide material abundance should never be considered a proxy or substitute for laboratory analysis. Laboratory assay results are required to determine the widths and grade of the visible mineralisation reported in preliminary geological logging. The Company will update the market when laboratory analytical results become available.

==> picture [359 x 426] intentionally omitted <==

Collar plan of Hotinvaara Prospect showing the current MRE (white outline) and the location of drill-holes completed by NNL as part of the current drill program (green dots) and historical drilling (black dots). Hotinsaajo magnetic anomaly currently being tested highlighted by dashed black line. NORDICNICKEL.COM | 13

Selected near surface disseminated nickel

intersections [1,2]

199.1m @ 0.22% Ni from 20.9m in HOT006 incl. 1m @ 0.61% Ni,0.03% Co from 183m incl. 2.15m @ 0.83% Ni from 203.85m

86.8m @ 0.22% Ni from 15.2m in HOT007

117.9m @ 0.22% Ni from 4.1m; and

incl. 2m @ 0.6% Ni from 96m

98m @ 0.21% Ni from 216m; and 85m @ 0.22% Ni from 349m; and 95.85m @ 0.2% Ni from 442m in HOT013 102.37m @ 0.2% Ni from 137.63m in HOT014

184m @ 0.21% Ni from 34m in HOT018 103.25m @ 0.19% Ni from 37.55m in HOT019

Massive sulphide intersections [1,3]

0.65m @ 1.49% Ni from 174.7m ; and

• 0.65m @ 1.09% Ni from 239.15m ; and

1m @ 0.8% Ni from 605m in HOT001

0.4m @ 1.68% Ni from 288m in HOT003

0.6m @ 4.66% Ni, 0.1 % Co from 359.6m ; and

2.15m @ 0.83% Ni from 203.85m in HOT006

1.46m @ 0.86% Ni from 504.36m in HOT013 2m @ 0.8% Ni from 154m in HOT023 0.85m @ 0.94% Ni from 335.85m in HOT025

0.45m @ 2.4% Ni, 0.11 % Co from 317.1m; and 0.55m @ 1.17% Ni from 378.35m in HOT026

3 Nickel reported as total nickel.

122m @ 0.21% Ni from 92m in HOT020

incl. 3m @ 0.51% Ni from 127m

132.3m @ 0.22% Ni from 347m in HOT020

195m @ 0.21% Ni from 10m in HOT021 incl. 3m @ 0.59% Ni from 247m

141.75m @ 0.22% Ni from 35.85m in HOT023 incl. 2m @ 0.8% Ni,0.04% Co from 154m

157.45m @ 0.21% Ni from 44.55m in HOT024 100m @ 0.21% Ni from 353m in HOT026 incl. 1.95m @ 0.7% Ni,0.03% Co from 378.35m incl. 0.55m @ 1.17% Ni,0.05% Co from 378.35m

1 Complete assay results provided in ASX releases dated 14 July, 2023; 31 August 2023; 18 October 2023; 14 October 2023.

2 Nickel reported as total nickel; Primary cut-off: 0.15% Ni-total; max. 6m internal dilution; Secondary cut-off: 0.5% Ni-total; max. 1m internal dilution; Ternary cut-off: 1.0% Ni-total. True widths are estimated to be 70-90%.

NORDICNICKEL.COM | 14

• High-resolution UAV magnetic survey highlighted potential for multiple Hotinvaara-style ultramafic intrusives[1]

• Two large prospects identified in close proximity (<2km) to the existing JORC (2012) MRE

• P3 adds 1,700m of strike length to the mineral system in this area

• P3 situated along strike from MRE indicative of buried ultramafic intrusives

• P2 anomaly displays “string of pearls” type pattern over 2km in strike, interpreted to represent multiple ultramafic plugs or chonoliths

• P5 adds 2,600m of strike length potential to the east of the Hotinvaara MRE never tested.

==> picture [425 x 425] intentionally omitted <==

Total Magnetic Intensity (TMI) image centred on the Hotinvaara MRE area.

1 ASX Mag Survey Confirms District Scale Potential at Pulju, 3 May 2023

NORDICNICKEL.COM | 15

==> picture [451 x 437] intentionally omitted <==

• District-scale Project with potential to host extensive near-surface disseminated nickel together with massive nickel-copper sulphide mineralisation[1]

• High-resolution drone magnetic geophysical survey completed over 269km[2]

• Multiple magnetic anomalies of similar or larger size to existing Hotinvaara JORC (2012) Mineral Resource Estimate (MRE)

• Several anomalies identified associated with confirmed nickel mineralisation from historical shallow drilling

• Nine new prospective magnetic anomalies identified and categorized as either ultramafic cumulates, komatiitic flow facies or sills & chonoliths

• Two Exploration Licenses granted at Pulju Project, including the current exploration area at the Hotinvaara Prospect and the newly granted Holtinvaara EL

1 ASX Mag Survey Confirms District Scale Potential at Pulju, 3 May 2023

NORDICNICKEL.COM | 16

• Dual exploration plan to test:

• i. High-grade massive sulphides

• ii. Expand near-surface disseminated nickel MRE

• Over 1,700m of untested prospective strike

• Extensive – high conductance MLEM targets to be tested to West and South West of MRE

• Step out drilling to expand MRE targeting magnetic highs - first hole intersected visual disseminated sulphides

• Cross-section shows mineralisation open in all directions with potential for massive sulphides

==> picture [639 x 420] intentionally omitted <==

Cross-section showing downhole assays of HOT006, HOT011 and HOT013 and interpreted solid geology. View looking north. True width estimated to be 70-90% for HOT011 and 60-80% for HOT013.

Collar plan of Hotinvaara Prospect showing Hotinsaajo magnetic anomaly together with MLEM plates to be tested .

NORDICNICKEL.COM | 17

• Highly prospective exploration licence at Holtinvaara was granted in October 2023

• Holtinvaara substantially expands the discovery potential at Pulju, with an opportunity to unlock the district-scale potential of the broader project area.

• 5km north-east of 5km[2] Hotinvaara Prospect, covering a total area of 15km[2]

• Holtinvaara encompasses a continuation of ultramafic lithologies which are known to host disseminated nickel sulphide mineralisation throughout Pulju

• Ultramafics coincide with prominent magnetic features identified by a high-resolution UAV magnetic geophysical survey

• Untested area that has enormous discovery potential and planned to be tested with diamond drilling in 2024

==> picture [466 x 399] intentionally omitted <==

Holtinvaara Exploration Licence area highlighting magnetic anomalies and coincident prospective Mertavaara Formation as mapped by GTK.

NORDICNICKEL.COM | 18

Year	Year	CY 2023	CY 2023	CY 2024	CY 2024	CY 2024	CY 2024	CY 2025	CY 2025
Month		Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2
Key Milestones		• Phase 1 Diamond Drilling completed (16km) • Final assay results released	• 3D Model • MRE updated • Met. test work • ESG Framework Review	• Phase 2 Diamond Drilling commences (6km)	• Geophysics regional targets commences • Structural Model • Target ranking	• BHEM historical DHs conductors • Regional Geochem Targets	• Refined UM mapping of regional targets • ESG Framework Review	• Phase 3 Diamond Drilling commences	• Redefined target prioritization • Target ranking
Key Activities	Drilling Analysis ESG Market Updates Li I Phase 1 Diamond Drilling H Key Stakeholder Engagement Assays: Ph		tho-Structural nterpretation OT: Geological Model ESG Framework Review 1 Drilling MRE Update Met w ESG Framework Up	Target Prioritisation Phase 2 Diamond Drilling Focused Local Stake As test ork date BOT Sampling	BHEM historic D Airborne Gravity & EM holder Engagement: in Media Communication says: Ph 2 Drilling	Hs Surveys cluding Personal and s Regional Geo	Regional Geophysics ESG Framework Review physics Field Mapping	Phase 3 Diamond Drilling Ongoing Local Engage Regional Targets As	Stakeholder ment says: Ph 3 Drilling

NORDICNICKEL.COM | 19

==> picture [925 x 405] intentionally omitted <==

----- Start of picture text -----

Company Overview Share Price ASX
NNL
$0.145c 115.25 m
Share price [1] Shares on issue
$16.5m $0.25c
Market capitalisation (A$) IPO price
$2.8m Nil
Cash (30 September 2023) Debt
Retail Directors &
Board & Management
14.65m $13.9m Associates
Total Options on Issue Enterprise Value (A$) 14% Marcello Cardaci Non-Executive Chairman
44% Todd Ross Managing Director & CEO
JORC Resource [2,3] EV/Resource t Ni
25%
278,520t Ni $49.9/t Ni Robert Wrixon Executive Director
Strategic Juho Haverinen Non-Executive Director
17%
Investors
12,650t Co
Aaron Bertolatti Company Secretary & CFO
Founders
----- End of picture text -----

1. Share price as at market close on 9 November 2023.

2. ASX Maiden Resource Announcement 7 July 2022

3. NNL confirms all material assumptions and technical parameters underpinning the Resource Estimate continue to apply and have not materially changed as per Listing Rule 5.23.2

NORDICNICKEL.COM | 20

Unlocking the potential of one of

world’s newest major nickel sulphide districts in Northern Finland.

Maiden 133.6Mt Mineral Resource Estimate for 278,520t Ni and 12,560t Co[1,2]

Market capitalisation of $16.5M with $2.8M cash

EV of $13.9M with EV/ Resource t Ni $49.9/t Ni

Tier-1 jurisdiction highly prospective for nickel sulphides

Rights over 515km[2 ] of a district scale exploration land package in CLGB

Global Nickel Mining Camp Potential

Maiden Resource area represents less that 2% of the land-holding at the Pulju Project

Dual exploration targets

• i. High-grade massive sulphides ii. Disseminated nickel sulphides near surface

Exceptional pipeline of targets with company-changing potential

Chasing Sakatti style analogues

20km drill program underway

Selected by BHP for Xplor Program

2 NNL confirms all material assumptions and technical parameters underpinning the Resource Estimate continue to apply and have not materially changed as per Listing Rule 5.23.2

1 ASX Maiden Resource Announcement 7 July 2022

NORDICNICKEL.COM | 21

Level 12, 197 St Georges Terrace Perth, Western Australia 6000 info@nordicnickel.com NORDICNICKEL.COM

==> picture [41 x 41] intentionally omitted <==

==> picture [41 x 41] intentionally omitted <==

Investor Enquiries

Todd Ross Managing Director T: +61 416 718 110 E: info@nordicnickel.com

Media Enquiries

Nicholas Read Read Corporate T: +61-8 9388 1474 M: +61-8 419 929 046 E: nicholas@readcorporate.com.au

NORDICNICKEL.COM

ACN 647 455 105