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13 December 2007
PROMISING RESULTS FROM HEAP LEACH TESTWORK
Highlights
• Initial heap leach testwork for Nickelore’s Canegrass scoping study has produced excellent results
• Nickel extraction averaged an excellent 53% after 43 days for 80% of the ore
• Cobalt extraction was exceptional – an average of 86% after 43 days for 80% of the ore
• Testwork indicates the ore has good agglomeration and percolation characteristics
• There is no evidence of significant flaws in the process.
• The Company has now progressed to 4 metre column testing

G'day guys, I'm holding HCY which is changing to NIO (Nickelore) on the 17th of December I believe.
This announcement from the 13th of December sounds pretty good to me.. Not just Nickel, but Cobalt as well!