Proposed Acquisition of Avebury Nickel Sulphide Project

Avebury in a snapshot:

• An established underground mine with a 900,000 tonne per annum processing plant
• Substantial nickel sulphide Mineral Resources of 29.3 Mt at 0.9% Ni (264 Kt contained Ni) (JORC 2012)
• Outstanding exploration potential with deposit open at depth and along strike
• Clear path to near-term production
• Significant Avebury experience on Mallee board – Managing Director John Lamb was a former General Manager of Avebury