North Shore Mining Group
Combined Company Presentation, February 2014 VMS OWNS 23.9% OF NAN
TSX.V:VMS TSX.V:NAN
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TSX-V : VMS
Forward Looking Statements:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. VMS Ventures Inc. and North American Nickel undertakes no obligation to update such forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
TSX-V : NAN
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VMS Ventures: Overview
3
Reed Copper Deposit discovered 2007
June 2010: Joint Venture signed with HudBay
Minerals as operator(T.HBM); 70% HBM & 30%
VMS carried to production.
Reed Copper Deposit Prefeasibility Mineral Reserves:
2.16M tonnes of 3.83% Cu, 0.48 g/t Au, 6.02 g/t Ag
Underground development continues; Full
production to begin 2014; cash flow expected in
2015
Well funded; over $6M in the treasury
Market Cap: ~ $30M
Other assets :
VMS owns 23.9% of North American
Nickel (NAN.TSX.V) (current value ~
$10M)
Large 100% owned land package in the
Snow Lake-Flin Flon Greenstone Belt in
Manitoba, Canada;
CAPITAL STRUCTURE
(as at February, 2014)
Issued & Outstanding: 129,730,899
Warrants: 163,333
Options: 8,692,500
Fully Diluted: 138,586,732
52 Week High/Low $0.28/$0.15
YTD Performance 29.0%
Current Price $0.245
www.vmsventures.com
Reed Copper Project
www.vmsventures.com 4
Reed Copper Project
VMS owns 30% of the project and is financed to production
Borehole Pulse Electromagnetic targets indicate the deposit remains open at depth.
First production of 7000 tonnes completed in September
4500 tonnes of ore milled during the month of September
Full production to begin 2014
Cash flow expected in 2015
Open Down Plunge
VMS-HudBay Reed Project Mine
www.vmsventures.com 5
Reed Copper Mine: Cash Flow Expected In 2015
The high grade nature of the Reed Copper deposit gives the project strong leverage to
copper prices.
The following table shows a copper price sensitivity analysis based on the operating parameters
set out in the Prefeasibility Study Published in May 2012:
www.vmsventures.com 6
PFS VMS Ventures VMS Ventures Inc. VMS Ventures Inc. VMS Ventures Inc. VMS Ventures Inc.
Cu = $3.25/lb USD Cu = $3.00/lb USD Cu = $3.30/lb USD Cu = $3.50/lb USD Cu = $4.00/lb USD
Prices and Exchange Rate
Copper (USS/lb) $3.25 $3.00 $3.30 $3.50 $4.00
Gold (US$/oz) $1,500.00 $1,300.00 $1,300.00 $1,300.00 $1,300.00
Silver (US$/oz) $30.00 $22.00 $22.00 $22.00 $22.00
US$/CDN$ 1 1 1 1 1
Pre-tax
VMS Reed Cash Flow $43,228,000 $29,530,000 $44,278,000 $54,110,000 $78,691,000
Assets and Opportunities
The Reed Copper Mine
Cash flow expected to commence 2015
Underground drill stations will explore for additional ore bodies and further define the size of the deposit.
Full production 2014.
$6M and cash flow coming = New Opportunities
We are actively seeking an advanced stage project and are continuously reviewing prospective projects. The
current business climate is favorable for high value acquisitions as companies struggle to raise money and
finance projects.
North American Nickel (VMS owns 23.9% of NAN Shares)
The world’s next nickel sulphide camp? NAN is exploring a camp scale property near Maniitsoq, on the S.W
coast of Greenland.
Why Own VMS
www.vmsventures.com 7
Acquired the (Sudbury Basin sized) Maniitsoq
property in Greenland in August, 2011; 100% owned.
High grade nickel sulphide mineralization (locally
over 7% nickel at Imiak Hill) intersected in 2013
drilling
Over 100 conductive target zones identified
through Helicopter EM (VTEM) geophysical surveys
Extensive prospective belt (15km x 75km) hosting
mineralized intrusions within a large meteor impact
structure
$8M invested to date; Cash position today $6.2M
VMS Ventures holds 23.9% of NAN shares
Sentient Group holds 39.04% of NAN shares.
(the Sentient Group manages over $2.7B in quality
metal, mineral and energy assets across the globe.)
CAPITAL STRUCTURE
(as at February, 2014)
Issued & Outstanding: 140,576,584
Warrants: ($0.21 - $1.00) 25,431,144
Options: 8,087,500
Fully Diluted: 174,095,228
52 Week High/Low $0.47/$0.12
YTD Performance 87.5%
Current Price $0.30
www.northamericannickel.com
North American Nickel: Overview
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Nickel Supply/Demand: In Our Favor
The Nickel market is likely to face large deficits in 2nd half of this decade – only a doubling of NPI output could
balance it (difficult given Indonesian ore constraints combined with Chinese cost pressures) Nickel prices, as in
2005‐2007, will likely have to rise to force demand in line with available supply.
China is going to need 1+ MILLION tonnes more nickel annually during this decade and ROW will
also need more.
Supply response will be structurally insufficient as current projects under construction only
provide half this requirement (at best, as many are struggling) and “project cupboard” is largely
empty ‐ underpinned by 35+ years of underdevelopment.
Limited interest in new HPAL projects, no new high grade (>2%) FeNi projects in 30 years.
Few sulphide projects discovered/developed.
www.northamericannickel.com 9
Courtesy of Royal Nickel
Presentation Jakarta, Sept. 2013
Website: www.royalnickel.com/presentations.php
TSX-V : NAN
Maniitsoq Project
Sulphide Hosted Nickel Copper Cobalt & Precious Group Metals
Southwest Greenland
100% Owned
www.northamericannickel.com 10
Location
Maniitsoq harbour looking east towards the Maniitsoq project on the mainland
Located on the southwest coast of Greenland, which is pack ice free year-round.
Maniitsoq’s mild climate allows for all year round mining & shipping of concentrate.
Greenland is a democratic, pro-mining country with a transparent regulatory system, competitive mining tax regime and no land claims issues.
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
www.northamericannickel.com 11
Property
Greenland’s capital, Nuuk, is 30 minutes by helicopter and provides European standard coastal re-supply and logistics facilities 4 to 6 hours shipping time to Maniitsoq coastline.
Maniitsoq is a greenfields nickel sulphide exploration project with valuable by-products,
NAN owns 100% of Maniitsoq via two contiguous exclusive mineral exploration licences covering 3,336 km2 *.
Maniitsoq has the scale and the potential metal endowment to be the world’s next nickel sulphide province.
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
www.northamericannickel.com 12
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Project Geology
Nickeliferous Noritic Intrusions
Concentrated in a 75 x 15 km curvilinear belt known as the Greenland Norite Belt.
Range in size from small dykes and plugs to elongated bodies covering up to 8 km2. (Fossilik intrusion, new discovery Sept. 26, 2013)
Xenoliths of crushed orthogneiss and fluidised microbreccia indicate they post date impact.
Believed to represent open ended magma conduits.
www.northamericannickel.com 13
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Distinct Appearance
Rounded hills covered with brownish-grey, often rusty, coarse gravel.
Multi-phase: compositions range from quartz diorite, through norite, to lherzolite. Gabbronorite is most common.
Magmatic and cumulus textures often well preserved. Locally pyroxenes are partially or completely replaced by hornblende.
Post Kinematic
Massive, little or no foliation except at margins.
Contacts often crosscut country rock foliation.
Norite Intrusions
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Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Consists of monoclinic pyrrhotite, pentlandite, chalcopyrite and pyrite.
Often coarse-grained.
Likely to produce a clean concentrate.
Inclusion-bearing sulphide (i.e. solid sulphide matrix with fragments of host rock) is a common texture.
Disseminated, blebby, net texture and vein sulphides are also common.
Sulphide
Mineralization
www.northamericannickel.com 15
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Historical Work
Kryolitselskabet Øresund, 1962 to 1973: extensive mapping, prospecting defining the trend and shallow diamond drilling (average hole length <55 m), no subsurface geophysical modelling to orientate drilling but some success: Imiak Hill: 9.85 m @ 2.67% Ni and 0.60% Cu
Cominco & Falconbridge, 1993 to 2000: Cominco flies extensive fixed wing time domain EM unsuited to undulating terrain and hampered by flight path
Falconbridge completed surface magnetic and EM surveys, plus extensive high quality re-analysis of historical core that confirmed historical high-grade assays and establish Maniitsoq nickel tenor.
Neither Cominco nor Falconbridge did any drilling.
www.northamericannickel.com 16
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Ni vs. S for Historical GNB Drill Core
Nickel tenor is the amount of nickel in pure sulphide and it tends to be consistent on a deposit scale.
Falconbridge studied core from 119 drill holes around the entire 75km Greenland Norite Belt.
The norite hosted sulphides have a remarkably consistent nickel tenor of 6 to 8% Ni recalculated to 100% sulphide.
Nickel Tenor
The Nickel Calculator
www.northamericannickel.com 17
Maniitsoq Project
2011 / 2012 Advancements
www.northamericannickel.com 18
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Total of 5,746 line-kilometers of helicopter borne SkyTEM / VTEM covering approximately 860km2 mainly focused on the Greenland Norite Belt (GNB) but small survey also flown over the Pingo showing (about 15 km to the northwest of the GNB).
Nominal flight line spacing of 200 to 100 meters.
102 conductive zones recognized to date.
Map shows total magnetic intensity reduced to pole and electromagnetic anomaly picks over the GNB.
The resulting identified conductors are 3 dimensionally modeled, providing low risk sub surface drill targets that returned significant drill intercepts
Helicopter TDEM
New Technology in an Old Camp
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Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
2012 Drill Program
1,551 METERS in 9 HOLES in 3 AREAS
Spotty Hill VTEM conductor P-55 tested intercepts:
123.94 m at 0.81% Ni, 0.21% Cu, 0.03% Co and 0.26 g/t PGM*
incl. 24.20 m at 1.75% Ni, 0.34% Cu, 0.06% Co and 0.52 g/t PGM*
Imiak Hill VTEM Conductor P-54 tested intercepts:
26.98 m at 0.98% Ni, 0.44% Cu and 0.04% Co
incl. 16.64 m at 1.36% Ni, 0.52% Cu and 0.05% Co
Fossilik II VTEM conductors P-58 & P-59 tested:
Anomalous mineralization and off hole BHEM conductors (future drill
target: see Sept. 26, 2013 results)
www.northamericannickel.com 20
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
2012 QEMSCAN Mineralogical Study
HIGHLIGHTS:
To identify and quantify nickel and copper-bearing minerals in
three high-grade samples from Imiak Hill and Spotty Hill and to
determine the liberation and association characteristics of nickel
and copper sulphides in the samples. The study was performed
by SGS Canada Inc.
Sample Zone Hole # From (m)
To (m) Length
(m) Ni (%) Cu (%) Co (%)
L163163 Imiak Hill MQ-12-001 15.39 16.00 0.61 4.35 0.14 0.10
L163164 Imiak Hill MQ-12-001 16.00 16.94 0.94 3.28 1.69 0.14
L163593 Spotty Hill MQ-12-005 119.41 120.57 1.16 3.50 0.20 0.11
Samples selected by NAN that were used in the study (assays by ActLabs)
All three samples show high potential nickel
recovery. Mineralogically limiting grade-recovery
curves indicate maximum potential nickel grades of
35% at recoveries of 84 to 87%.
Pentlandite is the main nickel-bearing mineral and
contains 95.5 to 96.3% of all the nickel in the
samples. Silicate hosted nickel comprises less than
1% of all the nickel.
Pentlandite P80 grain sizes range from 53 to 65 μm.
Total potentially floatable pentlandite ranges from
96.3 to 97.6%.
Entirely hosted by chalcopyrite.
Chalcopyrite P80 grain sizes range from 30 to 40 μm.
Mineralogically limiting grade-recovery curves indicate
maximum potential copper grades of 34% at
recoveries of 52 to 77%.
Total potentially floatable chalcopyrite ranges from
87.1 to 95.4%.
Nickel
Copper
www.northamericannickel.com 21
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Nickel Deportment
Elemental Deportment (Mass % Ni)
Mass (
% N
i)
Legend
Pentlandite is the main nickel-
bearing mineral and contains 95.5 to
96.3% of all the nickel in the
samples.
Pyrrhotite hosts 2.71 to 4.03% of
the nickel
Silicates host < 1% of the nickel.
Sample
www.northamericannickel.com 22
Maniitsoq Project
2013 Advancements
www.northamericannickel.com 23
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
2013 Drill Program
25 holes totaling 4,266 meters completed.
Four significant intersections at Imiak Hill
(Aug 23, Sept 4 and Nov 5 news releases).
New zone of near solid to solid sulphides
intersected at Imiak North
(Sept 12 and Oct 23 news releases).
Fossilik: Potential for tonnage, 9km from Imiak
Hill (Sept 26, 2013 news release).
Spotty Hill: additional disseminated
mineralization intersected (October 23 news
release)
Recognition of the Imiak Hill Conduit Complex
Results released to date:
www.northamericannickel.com 24
IMIAK HILL
IMIAK NORTH
SPOTTY HILL
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Imiak Hill Conduit Complex (IHCC)
www.northamericannickel.com 25
12 km2 area at north end
of the Greenland Norite
Belt
Three mineralized
norites within a 2 km
radius
Imiak Hill
Imiak North
Spotty Hill
Only 25 km from nearest
tide water at Kangia
Fjord
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Mantle melting in response to a giant impact.
Hot ultramafic magma flows to surface through a
“conduit system” comprised of restricted conduits
and larger magma chambers.
Hot magma assimilates country rock (locally sulphidic)
resulting in sulphur saturation and production of a
sulphide liquid.
Ni+Cu+Co±PGE sulphide collects in zones of lower
velocity within the conduit system.
Continual magma flow upgrades the nickel tenor of
sulphide already deposited.
Magmatism eventually ceases and conduit system is
preserved as noritic rock.
Over time, uplift and erosion expose parts of the
magma conduit system and some of the
Ni+Cu+Co±PGE sulphides.
Modified after Maier et al., 2001
Deposit Model
www.northamericannickel.com 26
J. Mungall, Ni Short Course Fig 4
Potential Sulphide
Accumulation Sites
in a Magma Conduit
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Imiak Hill Conduit Complex: 3 Mineralized Intrusions
www.northamericannickel.com 27
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Imiak Hill Longitudinal Section
NAN’s 2013 drilling has intersected Zones 10 and 30 at
depth. Deepest intersection is 185m vertically below
surface.
Zone 30 sulphide mineralization is increasing in intensity
with depth.
2013: Oct. 10, 2013 News
www.northamericannickel.com 28
MQ-13-023 (Zone 10) 10.33m (5.94m) @ 1.10% Ni, 0.38% Cu
MQ-13-028 (Zone 30) 24.75m (11.08m) @ 3.19% Ni, 1.14% Cu
MQ-13-026 (Zone 30) 25.51m (11.94m) @ 3.25% Ni, 0.48% Cu
MQ-13-019 (Zone 30) 8.68m (5.58m) @ 1.53% Ni, 0.43% Cu
MQ-13-024 (Zone 30) 14.90m (8.33m) @ 2.67% Ni, 0.39% Cu
MQ-13-019: 8.68m (5.58 m)* @ 1.53% Ni, 0.43% Cu, 0.06% Co
MQ-13-024: 14.90m (8.33 m)* @ 2.67% Ni, 0.39% Cu, 0.09% Co
MQ-13-026: 25.51m (11.94 m)* @ 3.25% Ni, 0.48% Cu, 0.11% Co
Incl. 18.62m (8.70 m)* @ 4.31% Ni, 0.62% Cu, 0.14% Co
MQ-13-028: 24.75 m (11.08m)* @ 3.19% Ni, 1.14% Cu, 0.11% Co
Incl. 17.91m (8.10 m)* @ 3.80% Ni, 1.42% Cu, 0.13% Co
And 2.40 m (1.10 m)* @ 4.44% Ni, 1.13% Cu, 0.15% Co
BHEM response is also increasing with depth.
Open at depth.
*Estimated true width is shown in brackets
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Intersection is hosted in noritic
rock.
Textures, such as inclusion-
bearing massive and semi-
massive sulphide, are similar
to those seen in 2012 holes
MQ-12-001 and 002.
www.northamericannickel.com
IMIAK HILL DIAMOND DRILL HOLE MQ-13-026
156.70 TO 175.32 Meters
(18.62 meters)
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Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
55.75 m @ 1.28% Ni, 0.36% Cu, 0.04%Co, 0.06 g/t TPM
Incl. 9.99 m @ 4.65% Ni, 0.33% Cu, 0.13% Co, 0.14 g/t TPM
Imiak North Discovery – Assay Results
www.northamericannickel.com 30
64.11 m @ 0.44% Ni, 0.20% Cu, 0.01%Co, 0.04 g/t TPM
Incl. 24.98 m @ 0.71% Ni, 0.31% Cu, 0.01% Co, 0.07 g/t TPM
2013 ADDITIONAL DRILLING:
2012 DISCOVERY:
Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Spotty Hill
123.94 m of high grade sulphides in hole MQ-12-005.
119 m of anomalous mineralization in MQ-12-009.
Significant 2012 Drill intersections from Spotty Hill
www.northamericannickel.com
123.94 m @ 0.81% Ni, 0.21% Cu, 0.03% Co, 0.26 g/t PGM
Incl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co, 0.52 g/t PGM
Incl. 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co, 0.60 g/t PGM
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MQ-13-022
Collared 53 m southeast of MQ-12-005.
Intersected 20.07 m grading 0.68% Ni, 0.28% Cu,
0.02% Co and 0.32 g/t TPM.
Including 2.07 m assaying 2.03% Ni, 0.11% Cu,
0.07% Co and 0.78 g/t TPM.
Size of the Prize: Some Context
“To date, core analysis (2012 assay data) suggests an admixture of 100 percent iron sulphide
(pyrrhotite - pyrite) - nickel sulphide (pentlandite) could carry 6 to 8% nickel - this is a guessing
game, but 2012 data provides some substance to this qualitative view:”
In Situ Metal Value: What is Nickel Worth in the Ground?
10Mt Deposit at 2% Ni (7lb) = $2.8B
15Mt Deposit at 1.2% Ni (7lb) = $2.5B
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Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Three intrusions comprising the Imiak Hill Conduit Complex (IHCC) all with significant sulphide mineralization and open at depth. The 3 conduits may converge into a single larger source deposit at depth!
Additional mineralization and target zones within 10 km of IHCC.
Very large, underexplored, new area with potential to host multiple deposits.
Sulphide nickel deposits are the high value source for the worlds nickel and are in decline as a source.
Summary
www.northamericannickel.com 33
What’s Next Spring 2014 commence deep penetrating ground geophysical surveys to develop deeper targets at the Imiak Hill
Conduit Complex.
Begin focused drilling to expand and define mineralized zones.
Test down plunge of near solid to solid sulphide and disseminated mineralization at Imiak North, Spotty Hill, Imiak North and Fossilik zones
Drill test priority regional target zones across the belt along with additional helicopter geophysical surveys to explore targets throughout the project area.
NAN’s holds 100% exclusive rights to explore the Greenland norite Belt and significant nickel occurrences in the area.
VMS/NAN Management
Rick Mark, M.Ed (Admin) CEO & Chairman VMS & NAN: Rick has over 25 years experience in the public market
place. He is also CEO & Chairman of Harvest Gold Corporation (HVG-TSX.V), a December 2005 "spin off" from VMS,
and is the President and CEO of Pancontinental Uranium Corp. (PUC-TSX.V).
Neil Richardson P. Geo. COO, VMS & NAN: Neil has a long history of mineral exploration and mining experience
with HudBay Minerals and others. As the COO of both companies, Neil is responsible for developing and implementing
exploration programs .
John Pattison, P. Geo., B.Sc. Chief Geologist VMS and NAN: John worked with Falconbridge Limited and
associated companies for 19 years managing base metal, PGE and gold exploration projects throughout Canada and
southern Africa. He is the lead project geologist for the Maniitsoq, Greenland nickel project.
Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. : President & Director NAN, VP Exploration VMS: Mark
has 35 years of industry and government experience including Chief Geologist of the Mineral Deposits Section in
Manitoba. He is a recipient of the Canadian national award for outstanding geoscientific achievement.
John Roozendaal B.Sc, President of VMS, Director of NAN: John was the founding director of VMS Ventures Inc.
He has 20 years of Mineral Exploration experience and was directly involved in the Reed Copper discovery.
www.vmsventures.com 34
Independent Directors & Advisory Boards Independent Directors
Gilbert Clark, Director, NAN: Mr. Clark is a European based Geologist with more than 13 years of industry experience; principally in mining
and international resource developments. He is currently an Investment Advisor with The Sentient Group, an independent private equity
investment firm specializing in the global resources industry.
Don Whalen, Director & Audit Committee Chair, VMS: Don was Executive Chairman and Director of High River Gold Mines. Before
joining High River, he held numerous marketing, technical and management positions over a 29 year career with IBM Canada Ltd.
Jim Clucas, Director & Audit Committee Member, NAN: Jim was Chief Financial Officer of Inco’s Canadian operations and has been
involved in the development of several mineral deposits, including the Snow Lake Mine (High River Gold Mines), Montana Tunnels (Pegasus
Mining) and the Fenix Project in Guatemala. He was the founder of International Nickel Ventures Inc. which acquired and developed the Santa
Fe/Ipora Nickel Laterite deposit in Brazil. Jim is currently President and CEO of Search Minerals.
Advisory Board
Dr. Tony Naldrett: Tony is an internationally recognized expert in the field of nickel sulphide mineralization and was Professor of
Geology at the University of Toronto from 1967 to 1998. He has authored or co-authored over 240 refereed papers and 8 books and has
supervised 15 M.Sc. and 16 Ph.D. students and 15 Postdoctoral Fellows with focus on magmatic nickel, copper and platinum-group element
sulphide deposits, worldwide.
Mr. Alex Balogh: Alex is the former Chairman and CEO of Falconbridge Ltd., Deputy Chairman of Noranda Inc. and CEO of Noranda
Minerals Inc. He has served as Chairman and Director for various mining organizations, sits on The Sentient Council and is a current member
of the Advisory Board of Hatch Associates. Mr. Balogh is a metallurgical engineer and has more than 40 years of experience in the mining and
metallurgical industry.
Dr. James M. Patterson , P.Geo., Ph.D. , Technical Advisor: James is the former Geological Consultant, Vice President Exploration
and VP & Executive Consultant with FNX Mining Company Inc. He was instrumental in the revival and building of the company from a
market capitalization of $20 million to $2.5 billion. Dr. Patterson has over 40 years experience in mineral exploration globally. Dr. Patterson
received his Ph.D. Mining Geology from the University of London, England, Diploma of Imperial College from Imperial College, London,
England, BA (Honours) in Natural Sciences – Geology from Trinity College, University of Dublin, Ireland, and has over 25 publications on
mineral exploration.
www.vmsventures.com 35
Why Buy NAN?: World’s Next Nickel Camp
Investor Risk Mitigation: These “boxes” are already ticked
Greenland is a secure political jurisdiction supported by pro-mining government;
Significant historic exploration data and drill core analyzed and interpreted by NAN
Maniitsoq’s geology is exemplary for district scale nickel potential:
Abundance of Ni-Cu sulphide occurrences at surface & in drilling;
High Nickel tenor – consistent across 7KM belt
Major, long lived structures; and
Large-scale mafic igneous event associated with meteorite impact
QEMSCAN testing suggests good recoveries expected
Modern helicopter “terrain hugging” surveys optimal for Maniitsoq’s topography and mineralization immediate success >100 EM anomalies
Access to ice free tide water, 12 month of the year: Moderate climate
Low cost power potential, (hydro electricity generation) and near by access to deep water shipping
Management has a discovery track record;
NAN has a strategic investor: The Sentient Group; owns 39.04% (VMS Owns 23.9%)
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