13th October 2008MUNALI NICKEL PROJECT UPDATEKEY POINTS• First...

13th October 2008
MUNALI NICKEL PROJECT UPDATE
KEY POINTS
• First revenue from sale of concentrates received.
• Appointment of new General Manager – Munali.
• Final completion of construction contract achieved and construction
contractor demobilised from site.
• Commissioning of the processing plant is progressing well with 900ktpa
(2,465tpd) nameplate capacity being exceeded on a number of occasions.
• Dedicated power line to Project completed and energised.
• Mining development rates on target, stoping operations commenced.
• Final draw-down of US$10m – Barclay’s senior debt facility.