HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Cuba looking to produce nickel.

You are right, Sam: It is laterite, a lower grade, and I think it has been optioned to Sherritt Intn'l for some time. They didn't even consider mining it when the price of nickel was at it's high. Nothing going to happen there, short term.

Regards

K

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