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.

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.

Key attributes of the NiWest Nickel laterite project

Scoping Study by Bateman Tenova concluded:

NiWest Nickel Laterite Heap Leach Project

Metallurgical test work on the development of the flow sheet for NiWest Nickel Laterite Heap Leach-SX-EW project is currently on hold as an austerity measure. On completion of the Devon Gold Project the Company will be well funded and will undertake a review of all options to progress the flow sheet development for NiWest.