quarterly activities report

Extract
CORPORATE
! Cash and receivable increase to over $140M
! All senior bank debt and Jinchuan subordinated debt repaid in full and ahead of schedule
! Company included in S&P/ASX 200 Index
SALLY MALAY
! Quarterly Ni production increased 8% to 1,950 tonnes Ni while full year production was 8,010 tonnes Ni
! 70% increase in Ni shipped during quarter to 2,247 tonnes Ni contained
! The Paste Plant on schedule for commissioning during the December 2007 quarter LANFRANCHI
! Ni production increased 16% to 1,330 tonnes Ni in ore for quarter with full year production of 5,215 tonnes Ni
which is a 92% increase on the previous year’s production
! Winner on track to produce first ore during the December 2007 quarter