quarterly results, page-4

QUARTERLY REPORT - 30 September 2010

We are delighted to provide herewith a link to the above Quarterly Report, which was released to the market today.
For your easy reference, noted below are the highlights of the quarter:

One-off events impact production and cash costs for the quarter - however, these are expected to return to budgeted levels during the December quarter.
Miitel's ramp-up underway throughout the quarter - full production levels expected to be achieved in the December quarter.
Rapid capital development underway at Mariners and McMahon, targeting access to high-grade ore bodies for production commencing in the 2011/12 financial year.
Intensive exploration underway throughout the Kambalda District, with two surface diamond drill rigs and three underground rigs active through the quarter.
Two of Mincor's highest quality regional targets scheduled for drilling in the December quarter - the Lake Cowan gold prospect and the Tottenham copper prospect - both 100% owned by Mincor.
Mincor's full year profit released - robust $28.1 million net profit after tax, EBITDA up 72% to $77.6 million, and final fully-franked dividend of 6 cents per share.
Strong increase in Mineral Resources and Ore Reserves announced - Mincor replaced 140% of all nickel mined during the 2009/10 financial year.
Quarter-end working capital (cash and receivables minus creditors and accruals) at $102 million (end-June 2010: $119.6 million) after payment of $12 million dividend and capital and exploration expenditures of $11.9 million.
Please feel free to contact us with any queries or comments.

Kind regards
Hayley Orr
Investor Relations Coordinator


MINCOR RESOURCES NL
T (+61 8) 9476 7200
F (+61 8) 9321 8994
For more information, visit www.mincor.com.au