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November updated 2011 nan vms combined shortened version


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November updated 2011 nan vms combined shortened version

  1. 1. Corporate Presentation November, 2011
  2. 2. VMS VENTURES INC. (VMS:TSX.V) CAPITAL STRUCTURE (as at November 15, 2011) Issued & Outstanding: 123,523,955 Options: 10 ,183,850 Fully Diluted: 133,707,805 Debt: $0.0 Capital: $10,400,000 <ul><li>Well funded junior with approximately $10.4 M treasury. </li></ul><ul><li>2007 Discovered the Copper-rich Reed Lake Deposit </li></ul><ul><li>2010 Successfully Negotiated deal with HudBay Minerals (NYSE:HBM) to operate and finance Reed Lake development. Ownership (70% HBM 30% VMS). </li></ul><ul><li>43-101 Indicated Resource 2.55 mil tonnes of 4.52% copper plus zinc, silver and gold credits at Reed Lake. </li></ul><ul><li>Large, 100% held, highly prospective land package in the prolific Flin Flon – Snow Lake Greenstone Belt of Manitoba. </li></ul><ul><li>Aggressive Drill Program now underway ($5 mil budgeted for 2011) </li></ul><ul><li>Potential for near-term production and payback at Reed Lake (2012). </li></ul>QUICK FACTS
  3. 3. Capital Structure Directory Legal Counsel : Salley Bowes Harwardt Law Corp. Transfer Agent: Computershare Trust Company of Canada Mailing Address: 301 – 260 W. Esplanade, North Vancouver, BC V7M 3G7 Listing NAN:TSX.V Issued and Outstanding: 55,058,193 VMS Owns 21,825,000 Warrants: @ $0.10 expire Dec. 28,2012 6,995,000 @ $0.35 expire Nov. 24, 2012 VMS Owns Cash Value of $0.35 Warrants 11,243,950 5,000,025 $3.9M @ $0.50, $0.70, & $1.00 Cash Value of Warrants 12,960,000 $9.0M Options 5,250,000 Cash Position $1.4M
  4. 4. Rick Mark, M.Ed (Admin) - CEO & Chairman VMS & NAN: Rick has over 23 years experience in the public market place. He is also the CEO & Chair of VMS Ventures Inc. (VMS:TSX.V), and Harvest Gold Corporation (HVG-TSX.V), a December 2005 &quot;spin off&quot; from VMS, and is the President and CEO of Pancontinental Uranium Corp. (PUC-TSX.V). Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. - President and C.O.O., Director NAN, VP Exploration VMS: Mark has 34 years of industry and government experience as an exploration geochemist and mineral deposits geologist. He was the Chief Geologist of the Mineral Deposits Section in Manitoba. In 2001, Mark was the recipient of the Provincial Geologists Medal, a Canadian national award for outstanding geoscientific achievement. He is also the Vice President of Exploration and Technical Services of VMS Ventures Inc. John Roozendaal – President of VMS, Director of NAN: John is the founding director and President of VMS Ventures Inc. He has been involved with the minerals exploration industry for over 20 years, and was directly involved in the VMS Ventures Reed Lake discovery in 2007, which is now Joint Ventured with HudBay Minerals Inc. Neil Richardson P. Geo. COO, VMS, Advisor to NAN: Neil received his Geological Engineering Technical Diploma from Cambrian College in Sudbury and has a long history of mineral exploration and mining experience with HudBay Minerals and a host of junior explorers including Murgor Resources. Neil is the Chief Operating Officer for VMS Ventures and is responsible for developing and implementing exploration programs in the Flin Flon-Snow Lake area. VMS/NAN Management Team
  5. 5. John Pattison, P. Geo., B.Sc. Chief Geologist VMS and NAN: John has extensive experience in base metal exploration, in particular, nickel sulphide deposits. His career extends from the nickel camps of Canada to southern Africa. From 1983 to 2002, John worked with Falconbridge Limited and associated companies where he was responsible for managing base metal, PGE and gold exploration projects throughout Canada and southern Africa. Cheryl Messier – CFO VMS, Controller NAN: Cheryl has over 17 years of experience in finance, working the last 7 years as CFO or controller in various public companies. Cheryl is currently CFO of VMS Ventures Inc. Independent Directors: Don Whalen, VMS: Mr. Whalen was Executive Vice-President of High River Gold Mines Ltd. from September to December 2008; prior thereto, Mr. Whalen had been Executive Chairman and Director of High River since June 1992. Before joining High River, he held numerous marketing, technical and management positions over a 29 year career with IBM Canada Ltd. In addition, Mr. Whalen has been active in promoting Canadian-Russian business investment and trade relations. Jim Clucas, NAN: Jim was Chief Financial Officer of Inco’s Canadian operations until 1984 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 Inc. VMS/NAN Management Team
  6. 6. James M. Patterson B.A. D.I.C. Ph.D. P. Geo.: Jim has over 40 years experience in mineral exploration in Canada, Ireland, SE Asia and South America working with major and junior exploration companies, government and international development agencies. He was formerly with FNX Mining Company Inc. where he was Geological Consultant (2001-2002), Vice President Exploration (2002-2005) and VP & Executive Consultant (2005-2006). Cashel Meagher B.Sc. P. Geo.: Cashel is currently Vice President Exploration of HudBay Minerals. He has worked with the technical and management teams at VMS Ventures and North American Nickel through the Reed Lake joint venture with VMS. Prior to joining HudBay, Mr. Meagher held management positions with Vale Inco in exploration, technical services, and mine operations. Walter Peredery Ph.D. P.Geo.: Walter has more than 40 years experience in nickel-copper-PGE exploration in the Sudbury Basin as well as the Thompson Nickel Belt in Manitoba. Dr. Peredery is a recognized expert in the geology and ore deposits of the Sudbury mining camp. He is the author of the qualifying N.I. 43-101 report for North American Nickel. Dr. Peredery’s accomplishments include co-authoring of the impact theory of the Sudbury igneous complex which is recognized around the world as the definitive work on the Sudbury basin.` Mike Muzylowski: Mike Muzylowski, Callinan Mines Ltd. (CAA-TSX.V) accomplished President and CEO, has played key roles in the discovery of 15 Canadian mines, 13 in Manitoba, during his distinguished career as a geologist, geophysicist and senior mining executive. Advisory Boards
  7. 7. AGENDA 1. VMS Reed Lake & Reed Lake JV 2. NAN Sudbury Properties 3. NAN Greenland Project
  9. 9. REED COPPER DEPOSIT VTEM ANOMALIES WITH MAGNETIC TILT Superzone Discovery Area High-Grade Copper Discovery 2 kilometres northeast of Reed Copper Deposit May 17, 2011 RLE006 – 7.18m of 7.74% Cu August 9, 2011 RLE007 – 2.23m of 5.94% Cu Sulphide zone in core – assays pending
  10. 10.
  11. 12. CJ#1 Quartz Diorite (QD) Dyke
  12. 14. EM01 is 200 m long, exhibits a northeast &quot;kink&quot; or bend at its northern end, and has been interpreted by Abitibi Geophysics as the EM signature of &quot;near-massive to massive sulphide and to be approximately 55 m below surface”.
  14. 18. PROJECT SUMMARY Deposit Type: Minimum size: Location: Property status: Infrastructure: Previous work: Exploration rational: Proposed 2011 work: Magmatic Cu+Ni+PGE 10 Mt @ 1.5% Ni Southwestern Greenland 4,841 km 2 exclusive prospecting licence None but most targets <50 km from ice-free tide water Prospecting and shallow drilling (average hole length <50 m) discovered numerous high grade Ni showings (e.g. 12.89 m @ 2.24% Ni and 0.63% Cu ) in 1960’s and 70’s. Fixed wing TEM and frequency domain EM surveys flown in the1990s failed to identify any drill targets. Likely that significant drill targets were missed as previous geophysics was flown subparallel to strike and at too high an altitude. Modern helicopter TEM perpendicular to strike at low altitude will have a much better chance of locating drill targets. Compilation, one-week field checking targets and 1800 to 2000 line-km helicopter TEM and magnetics.
  15. 19. PROJECT LOCATION <ul><li>On the South-west coast of Greenland </li></ul><ul><li>Centred 130 km north of the capital, Nuuk. </li></ul><ul><li>Ports along this part of the coast are ice free year-round. </li></ul>North Atlantic
  16. 20. REGIONAL GEOLOGY <ul><li>Project is situated within the Archean Akia terrane. </li></ul><ul><li>The Akia terrane is a 3.4 – 2.9 Ga block comprised mainly of retrogressed granulite facies gneisses. </li></ul>
  17. 21. PROJECT GEOLOGY <ul><li>Underlain by ortho- and paragneiss with amphibolite septae. </li></ul><ul><li>Numerous noritic and other ultramafic bodies intrude the gneisses and often contain Ni-Cu mineralization. </li></ul><ul><li>The intrusions are concentrated in, but not restricted to, an arcuate belt ~15 km wide by 80 km long that wraps around the east and south margins of the Finnefjeld Gneiss Complex. </li></ul>
  18. 22. MANIITSOQ PROJECT GREENLAND 2011 Exploration Program <ul><li>Compile all available historical data. </li></ul><ul><li>Re-interpret historical airborne geophysical data for new targets. </li></ul><ul><li>Acquire and analyze satellite imagery for new targets. </li></ul><ul><li>Brief field program to examine selected occurrences, locate historical drill holes and check targets generated by the work listed above. </li></ul><ul><li>Select priority areas for helicopter TEM surveying (~2,000 km) in preparation for drilling in 2012. </li></ul>
  19. 23. Proposed Helicopter TEM Areas MANIITSOQ PROJECT GREENLAND
  20. 24. Helicopter TEM Survey Area Flight Block 1 MANIITSOQ PROJECT GREENLAND
  21. 25. Proposed Helicopter TEM Block 1 02/02/11 COLOUR SHADED TOTAL MAGNETIC INTENSITY IMAGE
  22. 26. Helicopter TEM Survey Area Flight Block 2 MANIITSOQ PROJECT GREENLAND