GME owns 100% of the NiWest Laterite Nickel project located at Murrin Murrin near Leonora in the North East Goldfields of Western Australia. View map.

The NiWest laterite Nickel project contains a substantial resource in excess of 100 million tonnes at 0.7% Ni cut off grade. The Company has recently completed a pre-feasibility study into large scale heap leaching of the resource and believes that the project has an NPV before tax of over one billion Australian dollars ($A1 Billion).

Ongoing column test work continues to provide encouraging results supporting the heap leach processing concept.

Activities planned for 2008 include:

• Undertaking a large scale trial heap leach
• Additional column leach tests
• Downstream test work on PLS neutralisation and precipitation
• Resource drilling
• Identifying a calcrete resource in close proximity to the project site
• Commencing a bankable feasibility study
• Exploration for water sources for the project
• Environmental and ethnographical studies over all project areas

GME is moving very fast with studies to support development of a substantial Nickel project in WA.

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GME and its subsidiary Golden Cliffs NL own a number of prospective gold projects in the Leonora – Laverton region. The amount of work undertaken on the respective areas varies from soil sampling through to diamond drilling and resource definition.

The majority of the tenements that make up the gold assets are in the process of reversion, where new prospecting licenses have been applied for but are yet to be granted.  Several new tenements were applied for that either adjoined existing holdings or were considered prospective for gold or base metals.

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