NIWEST – A WORLD CLASS ASSET

GME through its subsidiary NiWest Ltd owns 100% of the NiWest Nickel Laterite Project located at Murrin Murrin in the North Eastern Goldfields of Western Australia.

The project land holding is in excess 500 square kilometres hosting significant laterised ultramafic structures. The project contains a World Class nickel resource. Total metal content of over 1,000,000 tonnes of nickel has been defined by extensive drilling programs over the past three years.

Key attributes of the NiWest Nickel laterite project

• Metallurgical column leach test work completed on the major resource areas has recorded consistently 70 to 80 % Nickel recovery in 120 days
• BEST undeveloped Laterite Ni project in Australia
• Potential to become top-10 global nickel producer
• Pre-Feasibility completed in 2007
• Feasibility Study underway on expanded A$1.1bn (approx) heap leach project
• Strong investment proposition underpinned by accepted heap leach technology
• Targeting 75Mt reserves at 1% Ni
• Favourable environmental and climatic conditions for heap leaching
• 165,000 metres of exploration drilling to date
• Heap leach is a lower capital-cost alternative to HPAL, Atmospheric leach
• Major resource review underway confirmed continuity of 0.8% Ni ore zones over a strike length of +5km
• Feasibility Study on expanded 3.5-4.5Mtpa heap leach project over 20 years
• Environmental surveys are well advanced
• Water Exploration has commenced

The project, which has the potential to become a significant long term, low cost nickel producer through the development of a Heap Leach project, is located in close proximity to established infrastructure such as railway, nickel refineries, established townships, natural gas pipeline and bitumen road access. The project is sited in a predominately flat arid environment is considered to be highly conducive to the development of a Heap Leach operation.