1. Combined Company Presentation, October 2013
VMS OWNS 23.9% OF NAN
John Tumazos Very Independent Research
Metals & Mining Conference Oct. 16, 2013
North Shore Mining Group

2. Forward Looking Statements:
TSX-V : VMS
TSX-V : NAN
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. 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 forwardlooking statements.
2

3. Typical Exploration Stock Price Cycle
VMS
Oct.2007
NAN
Oct. 2013 ?
VMS
Oct. 2013 ?
3

4. VMS Ventures: Overview

Reed Copper Deposit discovered 2007

June 2010: Joint Venture signed with HudBay
Minerals (operator)(T.HBM); 70% HBM & 30% VMS.

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
underway
and
production to begin Q4 2013; cash flow in 2015

Well funded; over $6M in the treasury

Other assets :

Owns 23.9% of North American Nickel
(NAN.TSX.V)

Large 100% owned land package in the
Snow Lake-Flin Flon Greenstone Belt in
Manitoba, Canada; drilling planned for
winter 2013
www.vmsventures.com
CAPITAL STRUCTURE
(as at October, 2013)
Issued & Outstanding:
Warrants:
Options:
Fully Diluted:
129,730,899
163,333
8,692,500
138,586,732
4

5. Reed Copper Project
www.vmsventures.com
5

6. Reed Copper Project
VMS-HudBay Reed Project JV

VMS owns 30% of the project and is
financed to production

Borehole Pulse Electromagnetic targets
indicate the deposit remains open at
depth.

Environmental Act Licence received –
Milestone for full mine production – 1300 tpd

First production of 7000 tonnes completed in
September

4500 tonnes of ore milled during the month
of September

Full production to begin Q4 2013
Open Down Plunge
www.vmsventures.com
6

7. Reed Copper Project: 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:
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 = $4.00/lb USD
Prices and Exchange
Rate
Copper
(USS/lb)
Gold (US$/oz)
Silver (US$/oz)
US$/CDN$
$3.25
$3.00
$3.30
$3.50
$4.00
$1,500.00
$1,300.00
$1,300.00
$1,300.00
$1,300.00
$30.00
$22.00
$22.00
$22.00
$22.00
1
1
1
1
1
$43,228,000
$29,530,000
$44,278,000
$54,110,000
$78,691,000
Pre-tax
VMS Reed
Cash Flow
www.vmsventures.com
7

8. Assets and Opportunities
Why Own VMS
The Reed Copper Project

2015: Cash flow expected to commence.

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 holds 23.9% of NAN Shares)

Exploring a camp scale property, Maniitsoq, S.W Greenland: The world’s next nickel sulphide camp?
www.vmsventures.com
8

9. North American Nickel: Overview

Acquired the (as big as Sudbury) Maniitsoq property
in Greenland in August, 2011; 100% owned.

High grade nickel sulphide mineralization (locally
over 5% nickel at Imiak Hilll) intersected in 2013
drilling

Over 100 conductive zones identified through
Helicopter EM (VTEM)

Large meteor impact structure

$8M invested to date; Cash position today $7.5M

VMS Ventures holds 23.9% of NAN shares

Sentient Fund holds 39.04% of NAN shares
CAPITAL STRUCTURE
(as at October, 2013)
Issued & Outstanding:
Warrants: ($0.21 - $1.00)
Options:
Fully Diluted:
www.northamericannickel.com
148,464,084
25,431,144
8,008,000
173,895,228
9

10. 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.
Courtesy of Royal Nickel
Presentation Jakarta, Sept. 2013
Website: www.royalnickel.com/presentations.php
www.northamericannickel.com
10

11. 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

12. TSX-V : NAN
Maniitsoq Project
Sulphide Hosted Nickel Copper Cobalt & Precious Group Metals
Southwest Greenland
100% Owned
www.northamericannickel.com
12

13. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
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.
www.northamericannickel.com
13

14. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
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 5,106 km2.

Maniitsoq has the scale and the potential metal endowment
to be the world’s next nickel sulphide province.
www.northamericannickel.com
14

15. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
3D VIEW
Deposit Model

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.
www.northamericannickel.com
J. Mungall, Ni Short Course Fig 4
15
Modified after Maier et al., 2001

16. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Project Geology
Maniitsoq Impact Structure

Recognized and documented by Garde et al., 2012*

Deeply eroded, deep-crustal remains of a giant impact that
struck a magmatic arc 3 Ga ago

Comprised of:

35 x 50 km core of crushed, mechanically mixed and
subsequently welded fragments of orthogneiss and
amphibolite known as the Finnefjeld Domain.

75 km wide annular melt zone variably affected by
crushing and melting.

150 km diameter zone of less damaged gneiss and
amphibolite.

Undeformed,
nickeliferous
noritic
intrusions,
interpreted to represent crustally contaminated melts
derived from the mantle in the wake of the impact occur
throughout the impact structure.
*Garde , A.A., McDonald, I., Dyck, B. & Keulen, N. 2012: Searching
for giant, ancient impact structures on Earth: the Meso-archaean
Maniitsoq structure, West Greenland. Earth and
Planetary Science Letters 137–138, 197–210.
www.northamericannickel.com
16

17. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Project Geology (Cont’d)
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
conduits.
represent
www.northamericannickel.com
open
ended
magma
17

18. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Norite Intrusions
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.
www.northamericannickel.com
18

19. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Sulphide
Mineralization

Consists of monoclinic pyrrhotite,
pentlandite, chalcopyrite and pyrite.

Often coarse-grained.

Likely
to
produce
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.
www.northamericannickel.com
a
clean
19

20. 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 flys
extensive fixed wing time domain EM unsuited to undulating
terrain and hampered by flight path
Falconbridge completes 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
20

21. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Nickel Tenor
Ni vs. S for Historical GNB Drill Core
The Nickel Calculator


Falconbridge studied core from 119 drill
holes around the entire 75km Greenland
Norite Belt.

www.northamericannickel.com
Nickel tenor is the amount of nickel in
pure sulphide and it tends to be
consistent on a deposit scale.
The norite hosted sulphides have a
remarkably consistent nickel tenor of 6
to 8% Ni recalculated to 100% sulphide .
21

22. Maniitsoq Project
2011 / 2012 Advancements
www.northamericannickel.com
22

23. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Helicopter TDEM
New Technology in an Old Camp

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

23

24. 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:


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:

www.northamericannickel.com
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*
incl. 8.20 m at 2.39% Ni, 0.21% Cu, 0.07% Co and 0.60 g/t PGM*
Anomalous mineralization and off hole BHEM conductors
(possible future drill target: see Sept. 26, 2013 results)
24

25. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Imiak Hill Longitudinal Section
2012


Confirmed nickel tenor calculation is working.

www.northamericannickel.com
NAN’s 2012 drill holes intersected Zones 10, 20
and 30.
Mineralization starts at surface.
25

26. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
2012 QEMSCAN Mineralogical Study
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.
HIGHLIGHTS:
Nickel

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%.
Copper
Sample
Zone
Hole #
From
(m)
To (m)
Length
(m)
L163163
Imiak Hill
MQ-12-001
15.39
16.00
0.61
L163164
Imiak Hill
MQ-12-001
16.00
16.94
L163593
Spotty Hill
MQ-12-005
119.41
120.57
www.northamericannickel.com
Ni
(%)
Cu (%)
Co (%)
4.35
0.14
0.10
0.94
3.28
1.69
3.50
0.20
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%.
0.14
1.16


Samples selected by NAN that were used in the study (assays by ActLabs)
0.11
26

27. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Nickel Deportment
Pentlandite is the main nickelbearing mineral and contains 95.5 to
96.3% of all the nickel in the
samples.
Legend
Pyrrhotite hosts 2.71 to 4.03% of
the nickel
Mass (% Ni)
Silicates host < 1% of the nickel.
Elemental Deportment (Mass % Ni)
Sample
www.northamericannickel.com
27

28. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Total potentially floatable pentlandite
ranges from 96.3 to 97.6%.
Prediction of Flotation Characteristics
www.northamericannickel.com
Mass (% Pn)
Pentlandite Associations &
Predicted Liberation Characteristics

29. Maniitsoq Project
2013 Advancements / Assays Pending
www.northamericannickel.com
29

30. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
2013 Drill Program
Results released to date; Assays Pending

25 holes totaling 4,266 meters completed.

Four significant intersections at Imiak Hill (August
23 and September 4 news releases).

New zone of near solid to solid sulphides
intersected at Imiak North (September 12 news
release).

Fossilik: Potential tonnage added, 9km from Imiak
Hill (Sept. 26, 2013). Spotty Hill – Assays Pending.

Recognition of the Imiak Hill Conduit Complex


Imiak North

www.northamericannickel.com
Imiak Hill
Spotty Hill
30

31. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Imiak Hill Conduit Complex (IHCC)

12 km2 area at north end
of the Greenland Norite
Belt

Three mineralized norites
within a 2 km radius


Imiak North


Imiak Hill
Spotty Hill
25 km from nearest tide
water at Kangia Fjord
www.northamericannickel.com
31

32. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Imiak Hill Conduit Complex: 3 Mineralized Intrusions
www.northamericannickel.com
32

33. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Imiak Hill – 3D View

From east to west the zones are provisionally
named 10, 20 and 30.

Zones 10 and 30 are open at depth.

Bore hole electromagnetic (BHEM) survey results
suggest possible additional zone(s) east of Zone
10.

Near solid to solid sulphide mineralization.

Open at depth
33

34. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Imiak Hill Longitudinal Section
2013: Oct. 10, 2013 News
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.

MQ-13-019: 8.68m (5.58m)* @ 1.53% Ni, 0.43% Cu, 0.06% Co

MQ-13-024: 14.90m (8.33m)* @ 2.67% Ni, 0.39% Cu, 0.09% Co

MQ-13-026: 25.51m (11.94m)* @ 3.25% Ni, 0.48% Cu, 0.11% Co
Incl. 18.62m (8.70m) @ 4.31% Ni, 0.62% Cu, 0.14% Co

MQ-13-028: 24.75 m (11.08m)* 35-40% sulphides (ASSAYS
PENDING)

BHEM response is also increasing with depth.

10.33m (5.94m) @ 1.10% Ni, 0.38% Cu


MQ-13-023 (Zone 10)
Open at depth.
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-13-026 (Zone 30)
25.51m (11.94m) @ 3.25% Ni, 0.48% Cu
MQ-13-028 (Zone 30)
24.75m (11.08m) @ 35-40% sulphide
ASSAYS PENDING
*Estimated true width is shown in brackets
www.northamericannickel.com
34

35. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
IMIAK HILL DIAMOND DRILL HOLE MQ-13-026
156.70 TO 175.32 Meters
(18.62 meters)


www.northamericannickel.com
Intersection is hosted in noritic
rock.
Textures, such as inclusionbearing massive and semimassive sulphide, are similar
to those seen in 2012 holes
MQ-12-001 and 002.
35

36. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Imiak North Discovery Announced Sept. 12, 2013 – Assays Pending
30-40% Sulphides / 9.99 m
www.northamericannickel.com
36

37. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Imiak North – Borehole EM (BHEM) Results: Strong sulphide zones can be
difficult to hit with the first hole

Strong “in-hole” type response coincident with 3040% sulphide mineralization in hole MQ-13-029.

Maxwell modeling of the response indicates
conductor associated with the mineralization
plunges steeply to the northeast.

Mineralization is open down plunge.

MQ-13-021
passed
under
the
plunging
mineralization and MQ-13-027 passed over the
top.

Note broad zones of disseminated mineralization
in holes MQ-13-027 and 029.
37

38. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Spotty Hill Drilling
2013 ADDITIONAL DRILLING:
MQ-13-022
Collared 53 m southeast of MQ-12-005.
Originally drilled to 191 m and subsequently
deepened to 290 m.
Assays pending.
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
2012 DISCOVERY:
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
38

39. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Fossilik Area: Additional Tonnage Potential for IHCC

Within 10 km of the IHCC

New discovery: MQ-13-018

Two historical occurrences with
grades up to 2.24% Ni and 0.63%
Cu plus a new discovery in hole
MQ-13-018
Hole MQ-13-018
3 zones of disseminated mineralization:
32.19m @ 0.59% Ni, 0.18% Cu, 0.21 g/t TPM*
Incl. 4.53m @ 1.06% Ni, 0.23% Cu, 0.33 g/t TPM*

26.00m @ 0.24% Ni, 0.11% Cu, 0.16 g/t TPM*
Incl. 9.00m @ 0.42% Ni, 0.15% Cu, 0.27 g/t TPM*


8.71m @ 0.26% Ni, 0.15% Cu, 0.12 g/t TPM*
*TPM = total precious metals (Pt+Pd+Au)
www.northamericannickel.com
39

40. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
Summary

NAN’s exclusive mineral exploration licences cover virtually all of the Greenland Norite Belt and Maniitsoq
Impact Structure and all significant associated nickel sulphide occurrences.

Four noritic intrusions comprising the Imiak Hill Conduit Complex (IHCC) with significant sulphide
mineralization identified to date:

Imiak Hill - near solid to solid sulphides – high grade nickel mineralization – assays pending

Imiak North – disseminated and near solid to solid sulphides - assays pending

Spotty Hill – strong disseminated sulphides – assays pending

Additional mineralized norite within 10 km of the IHCC

Fossilik – strong disseminated suphides

The mineralization in all four norites are open at depth.

High priority regional targets.
www.northamericannickel.com
40

41. Maniitsoq Ni-Cu-Co-PGM Project
South West Greenland
What's Next?
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Targeted surface geophysical surveys to develop deep targets at the Imiak Hill Conduit Complex. Techniques
being considered include:
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Large loop pulse EM or Magnetotellurics? or SQUID?
Focused drilling at the Imiak Hill Conduit Complex.
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Expand near solid to solid sulphide zones at Imiak Hill.
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Test down plunge of near solid to solid sulphide mineralization at Imiak North.
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Define extent of strong disseminated sulphide mineralization at Spotty Hill, Imiak North and Fossilik.
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Test deep targets.
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Drill test priority regional target zones across the belt.
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Additional helicopter geophysical surveys to explore norite and other ultramafic bodies within the project area.
www.northamericannickel.com
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42. Why Buy NAN?:
World’s Next Nickel Camp
Investor Risk Mitigation: These “boxes” are already ticked
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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:
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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 27.5%)

43. QUJANAQ / TAK
NORTH AMERICAN NICKEL INC.
TSX V: NAN
FOR MORE INFORMATION
PLEASE VISIT
www.northamericannickel.com
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44. 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
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45. 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
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. 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.
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
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