Ok guys the sign is getting very interesting everyday. Nickel...

Ok guys the sign is getting very interesting everyday. Nickel all time high. Let see how FEB and march will pan out, if there is a takeover or a JV then those months will be the tell telling signs.


GME activities report:

Proposed Heap Leach Project Development

Heap Leach Trial Project
Subject to completion of successful column test work and pre feasibility studies the Company is
planning to progress with a 20,000 tonne on site trial heap leach. Work on the trial is expected to
commence in the second half of 2007. It is expected the trial leach will take up to nine months to
complete based on four months to establish onsite infrastructure and leach rates of 150 days.
Stage One Development - 300,000 – 350,000 tpa Demonstration Plant The stage one development is expected to yield approximately 3000 tonnes of nickel and 180
tonnes of cobalt per annum. Anticipated nickel grade of the demonstration project is 1.4% and
metal extraction target is 70% for nickel and 50% for cobalt.

From MRE activities report:

Heap Leach
Commissioning of the 200,000 tpa heap leach demonstration plant is underway with the
commencement of ore stacking during December.
The Company expects the first nickel from its scats stockpile to return to the process plant in
March 2007 and the first nickel from nickel ore in July 2007.
Minara anticipates that, if successful, the demonstration plant will produce at rates of 2,000 tonnes
of nickel metal and 150 tonnes of cobalt metal per annum by the end of 2007.
The heap leach project delivers a second, independent nickel stream and will further utilise the
plant’s refining area.
Minara is currently conducting several feasibility studies to expand the heap leach plant in the
event that the demonstration phase is successful.