daytrading july 11 morning, page-89

POS POS POS

Major Reserves & Resources Upgrade at Mt Windarra
Highlights:
• 121% increase in Probable nickel ore reserves at Mt Windarra
• Reserves increased to 498,000 tonnes at 1.78% nickel for 8,850 tonnes of
nickel metal
• 17% increase in Mt Windarra Mineral Resources to 80,200 tonnes of nickel
metal
• Increased early year production leading to improved early year cashflow and
capital payback
• Further resource and reserve upside likely from within existing Mt Windarra
orebody and from new, adjacent, drill targets
• Recent drilling results (not included in above upgrade)
?? 17.53 metres at 3.52% Nickel including 5.1m at 7.1% Nickel
?? 10.5 metres @ 4.36% Nickel
?? 8.68% metres at 2.36% Nickel (all true widths)