Ann: First Batch of Assay Results Received, page-15

http://www.nornik.ru/en/newsroom/ne...for-the-sale-of-its-african-operations-to-bcl

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ABOUT THE ASSETS:
Nkomati, located 300 km east of Johannesburg in Mpumalanga province, is the only primary nickel producer in South Africa. The deposit is represented by disseminated sulphide copper-nickel ore and located within Bushveld complex. Other by-product metals include copper, PGMs and chrome. In 2013, Nkomati produced 23.8 thousand tonnes of nickel contained in nickel concentrate. As of 31 December 2013, proved and probable ore reserves of the deposit exceed 113 million tonnes, average nickel content of 0.32% and copper content of 0.13%. Measured and indicated mineral resources amount 241 million tonnes with an average nickel content of 0.35% and copper content of 0.14%.

Tati Nickel includes the Phoenix open pit nickel mine, located 35 km east from Francistown, and the Selkirk underground nickel mine, which has been put on care and maintenance since 2002. The Phoenix sulphide deposit has supported mining operations since 1995. In 2013, Tati Nickel produced 8.1 thousand tonnes of nickel in concentrate. As of 31 December 2013, the aggregate proved and probable ore reserves of Phoenix and Selkirk amount to 27 million tonnes, with an average nickel content of 0.19% and copper content of 0.13%. Measured and indicated mineral resources total 239 million tonnes with an average nickel content of 0.22% and copper content of 0.22%.