Business Description

Gladstone Pacific Nickel Ltd. The Group's principal activity is exploring for and developing nickel and cobalt minerals. It operates only in the mineral evaluation business within Australia and south-west Pacific region.

Gladstone Pacific Nickel Limited (GPNL) is an Australian mining development company presently undertaking a Definitive Feasibility Study (DFS) for the Gladstone Nickel Project (GNP). The company's vision is to build a major long-life nickel cobalt refinery at the deepwater Port of Gladstone, in Central Queensland, Australia, treating abundant high grade nickel laterite ores from New Caledonia and other south-west Pacific islands, underpinned by beneficiated ores from its own Marlborough deposits. The Project has the potential to be one of the largest of its type in the world producing some 126,000 tpa nickel (8 -10% of global nickel demand) and 10,400 tpa of cobalt metal from its first two stages.

The GNP will comprise of; a high pressure acid leach (HPAL) plant and metal refinery in the Yarwun Precinct of the Gladstone State Development Area (GSDA); nickel mines and loadout/shipping facilities in New Caledonia and potentially other south-west Pacific islands; ore importation facilities at the Port of Gladstone; a modern nickel mine and beneficiation plant at Marlborough with a proposed slurry pipeline to take the beneficiated ore to Gladstone; and a long-term residue storage facility located in the Aldoga Precinct of the GSDA.

KEY DATA:

Gladstone Pacific Nickel Ltd Ticker: GPN

GPN Directors/Managers :
Chairperson (Exec.): Mr RA Pearce (Robert)
Executive Director an d executive Chairman: Mr PJ Matheson (Peter)
Director (Non-Exec.): Mr AE Daley (Andrew)
Director (Non-Exec.): Mr JG Henderson (James)
Director (Non-Exec.): Mr PJ Watson (Peter)


Exchanges: LON
0 Sales: 0
Currency: Australian Dollars
Fiscal Year Ends: June
Share Type: Ordinary
Country: Australia
Major Industry: Metal Producers & Products Manufacturers
Sub Industry: Miscellaneous Metal Producers
Employees: 9
Market Capitalization: 143,348,407
Ordinary Shares in issue.41,909,716
Closely Held Shares: 9,575,000

16-03-2007 RAB Special Situations - 13,463,642 44.3700
11-04-2006 Andrew Daley - 1,250,000 5.9900


http://www.gladstonepacific.com.au/clientuploads/Presentations/GPNL_MajorProjectsConference_28Jul06.pdf

NEW project presentation!

http://www.gladstonepacific.com.au/clientuploads/Presentations/070326NewCalNiConfPresentation-English.pdf

http://www.gladstonepacific.com.au/index.php?src=


Useful Links

http://www.mineralprices.com/

http://www.lme.co.uk/nickel.asp

http://www.miningnews.net/

http://www.minesite.com/

Gladstone Pacific Nickel Limited (ACN 104 261 887) announces up to US$40 million
equity financing

Brisbane, Australia - (March 20, 2007) - Gladstone Pacific Nickel Ltd (AIM: GPN)
('Gladstone' or the 'Company') is pleased to announce that it has entered into
an agreement with a syndicate led by Research Capital Corporation and including
BMO Capital Markets Corp. and Transocean Securities Pty Ltd. (together the
'Agents') to raise up to US$40 million through the sale of Special Warrants. The
offering price for the Special Warrants will be determined by the Agents and
Gladstone in the context of the market.

Gladstone will use its commercial best-effort to list its ordinary shares (the
'Ordinary Shares') on the Toronto Stock Exchange (TSX) or the TSX Venture
Exchange and obtain a receipt of a prospectus qualifying the distribution of the
Ordinary Shares within 180 days following the closing of the transaction, upon
which, each Special Warrant will automatically be exchangeable into one Ordinary
Share of Gladstone at no additional cost.

The net proceeds from the Offering will be used to fund the Definitive
Feasibility Study (which is expected to be completed by the end of the 3rd
quarter 2007), fund additional offshore ore purchase agreements & development,
allow Front End Engineering Design to proceed, place deposits on land purchases
and long lead items and general working capital requirements.

At closing, the Agents will be paid an aggregate fee equal to 7% of the
aggregate gross proceeds from the financing. As additional consideration, at the
closing of the financing, the Agents will be issued such number of warrants (the
'Broker Special Warrants') to acquire 7% of the aggregate number of Special
Warrants sold pursuant to the financing for a period of 24 months following
closing, at the offering price.


Could be a interesting year for GPN !!!

Notice of EGM

Gladstone Pacific Nickel Limited
03 May 2007


news release

For immediate release:


Gladstone Pacific Nickel Limited
(ACN 104 261 887)

Notice of Extraordinary General Meeting


LONDON: 3 May 2007 - The Board of Gladstone Pacific Nickel Limited (AIM: GPN)
(the "Company") announces it will hold an Extraordinary General Meeting ("EGM")
on Tuesday 29 May 2007, at 6.00pm (9.00am UK time) at Suite 9, Level 3, Christie
Centre, 320 Adelaide Street, Brisbane, Australia, 4000.

The Company seeks shareholder approval for the issue of 11,157,000 Special
Warrants, at a price of 1.80 per Special Warrant, to the participants in a
placement managed by Research Capital Corporation Inc and Transocean Securities
Pty Ltd (the "Agents") to raise up to US$40 million (the "Proposed Placement")
before proceeding with the dual listing of the Company's shares on the Toronto
Stock Exchange ("TSX"). Shareholder approval of Resolution 1 will entitle each
holder of the Special Warrant a right to have issued 1 Ordinary Share in the
Company on the condition that, if the TSX Listing Qualification is not achieved
by the Listing Date, each Special Warrant will entitle the holder to be issued
1.1 Ordinary Shares, with a further increase of 0.1 Ordinary Shares for each
month after the Listing Date until the TSX Listing Qualification is achieved to
a maximum of one additional Ordinary Share. The Special Warrants will be
exercisable by their holders at any time but will automatically convert to
Ordinary Shares on the above basis on the later of the TSX Listing Qualification
being achieved and the first anniversary of the Closing Date. No additional
consideration will be payable on exercise of the Special Warrants.

The Company also seeks shareholder approval for Resolution 2 being the issue by
the Company of 780,990 options to the Agents which will entitle the option
holder to subscribe for 1 Ordinary Share at an exercise price of 1.80 per
option on the condition that, if the TSX Listing Qualification is not achieved
by the Listing Date, each option will entitle the holder to be issued 1.1
Ordinary Shares, with a further increase of 0.1 Ordinary Shares for each month
after the Listing Date until the TSX Listing Qualification is achieved to a
maximum of one additional Ordinary Share. The exercise price of each option will
not change on the exercise rate of the options being increased in this manner.
The options will be exercisable at any time until the second anniversary of the
Closing Date but will automatically be exercised on the TSX Listing
Qualification being achieved.

Both resolutions have been supported by the Board.

Full details of the resolutions to be considered at the EGM, together with
details of the proposed Placement are contained in the Notice of the EGM and
Explanatory Memorandum which have been sent to shareholders by post and can be
viewed and downloaded from the Company's website: www.gladstonepacific.com.au.

1. Mine to use sea water to reduce environmental impact. 17 April 2007. Central Queensland News
Summary: ... 13: 44 AEST Mine to use sea water to reduce environmental impact The developer of a proposed nickel refinery in central Queensland says it has taken steps to reduce the environmental impact ... of the project. In its environmental impact statement, Gladstone Pacific Nickel Limited says it plans to build one of the world's largest refineries at Gladstone, using some nickel mined from Marlborough ... http://abc.net.au/news/australia/qld/capricornia/200704/s1899327.htm - 22k - [ html ] - Cached - 17 Apr 2007 Gladstone Pacific says environmental study positive on Queensland nickel project
LONDON (Thomson Financial) - Gladstone Pacific Nickel Ltd said an environmental impact study of its Queensland-based nickel project indicated no significant issues that would prevent construction going forward.

Of interest

Triple your money as nickel sends Minara Resources shares soaring
Vanessa Burrow
May 4, 2007

Back in Australia, nickel miner Minara Resources was the second-best performer among the top 200 stocks, rising 6.4 per cent, or 49, to $8.07.

In the past year Minara's value has more than tripled, outpacing all other companies in the S&P/ASX 200 as the price of nickel has soared to almost $US50,000 a tonne.

"The powerful profitability of the nickel stocks is attracting more and more serious money into them," said Far East Capital senior mining analyst Warwick Grigor.

Hello smiler o,
I have taken a quick look at this company and it looks a solid
long term hold,not sure when they will start producing though?
Three things,
1st
i would expect the SP to drift closer to the placement of 1.80p.
2nd
If they have successful launch on the TSX this will allow placing into an ISA
3rd
As i see their long term production some way into the future, the question of
the price of Nickel (which i expect to be well below todays) will have a major
effect upon the profitability of the company.

Still this seems a very safe long term punt,being in Australia.
cyril

Cyril,

Given that this company is listed on AIM, it's a tad disappointing to see the AGM so far away from it's shareholders!

-----
an Extraordinary General Meeting ("EGM") on Tuesday 29 May 2007, at 6.00pm (9.00am UK time) at Suite 9, Level 3, Christie Centre, 320 Adelaide Street, Brisbane, Australia, 4000.
-----

One wonders why they are choosing to list on the TSX, and ignoring their own ASX!

I've done some sums on this and the profit potential appears to be huge - assuming they borrow all of the cash they need to pay for manufacturing facilities and allowing for interest payments at 7% and corporate tax at 30%, at a nickel price of $48,000 per tonne, they could come out with a net profit equivalent to 240 million or more.

Oh, yes - just to make matters really interesting, I assumed a dilution of GPN's stake in the project to 40% as I assume they'll need JV partners to see it through and/or the Aussie government will take a stake.

That's not even including the cobalt, or the intended doubling of the nickel production to 126,000 tpa.

Current mkt cap is 61 mil. So assuming a PE of 10 on that future earnings, the co could one day be worth 2.4 billion on nickel production of just 60,000 tonnes.

PDYOR and don't take my word for it. Suffice it to say that I shall be watching this stock with interest this week in the light of how TMC has been doing.

Yes ST , One to watch for sure, I have been holding for a short time now, and toped up @ 200p and the good thing is The project has the 100% backing of the Australian govnt !

A staggered mill and processing output is planned for the project, with initial production of
30,000tpa Ni metal, followed by an expansion to 60,000tpa with an ultimate target of 120,000tpa,
based on imported ore as the market dictates. A Heads of Agreement with Socides Mines de la
Tontouta was signed in 2006 for the supply of 600,000 to 800,000 t of Ni and Co ore from New
Caledonia, and includes the right to participate in the development of a new mine that will
underwrite long-term offshore ore supply.
Gladstone Pacific Nickel has achieved several important milestones, including environmental
planning, indigenous land owner agreements, infrastructure planning progressing, and nickel/cobalt
metallurgical testing. However, the DFS is still underway and is not expected to be complete until
mid-2007, with capex expected to rise significantly from previous estimates. The companys stated
intent is to seek a JV partner or investor to take the project to construction and commissioning.
Summary
Gladstone Pacific Nickel is committed to the development of the Marlborough nickel laterite
project, and the adjacent facility comprising HPAL plant, smelter, storage facility and deep water
port. The intention is to bring the mine into production and with the addition imported ore from
the SW Pacific, build a facility capable of producing up to 120,000t of Ni metal a year some 8%-
10% of world production.
The Marlborough deposit comprises a number of discrete nickel laterite zones, with JORC
reserves of 71Mt @ 0.9% Ni.
Several important planning, pre-feasibility and trial metallurgical studies are complete. However,
there is a significant work still required. The next key milestone is publication of a DFS in mid-
2008. Production is unlikely to be before 2010.

Interesting News !!!!!!

Mincor nickel grab
May 15, 2007 12:00am

NICKEL producer Mincor Resources is poised to secure its fifth operating mine through the acquisition of a private company for $68.5 million.

Mincor will acquire private outfit Goldfields Mine Management, which holds the operating Otter Juan nickel mine and the historic Durkin and McMahon mines in the Kambalda region near Kalgoorlie.

The transaction replaces an agreement between the two parties in December, by which Mincor proposed to acquire only the Durkin and McMahon mines for $30 million.

Mincor managing director David Moore said the transaction would consolidate the company's position on the northern Kambalda Dome and provide immediate financial returns.

"We see the Otter Juan, McMahon and Durkin projects as forming a major new production and exploration centre for Mincor, putting within reach our target of 20,000 tonnes per annum of sustainable nickel metal production," he said.

Mincor said the close proximity of the Otter Juan, McMahon and Durkin mines would allow the three projects to run as a single operation.

Mincor operates four nickel mines in the Kambalda region and produces about 15,000 tonnes of nickel annually.



>>>>>>>>> Will GPN Be next ?
.
.

Smiler so do you think GPN is a good buy??

IMO yes, but its always best to DYOR , this share could go like TMC , the thing here is the Time scale and the price of Nickel ! And my Last Post !!! But keep an eye on it for sure, and if you like what you see Have a PUNT ! I HAVE :)

05/11/2007 11:45:15 AM EDT
DowJones

LONDON, May 11, 2007 (Dow Jones Commodities News via Comtex) --Global primary nickel demand is expected to rise by 20,000 metric tons during 2007 to 1.41 million tons from 1.39 million tons in 2006 due primarily to strong Chinese nickel demand, the International Nickel Study Group said Friday.

"World primary nickel usage was 1.25 million tons in 2005, which increased to 1.39 million tons in 2006, and is forecast at 1.41 million tons in 2007," said INSG.

At the same time, nickel demand in Europe is expected to decrease, but from very high levels in 2006, said the INSG.

(MORE TO FOLLOW) Dow Jones Newswires

05-11-07 1144ET

Nickel leaders slug it out

May 16, 2007 12:00am


THE battle for Australia's third-largest nickel miner LionOre is into the third set, with Xstrata lobbing a higher bid over the net after earlier being trumped by Norilsk Nickel.

After a trading halt yesterday, the LionOre board said it would support an increased offer of $C25 ($A27.17) a share from Xstrata, valuing the Canadian miner at $C6.4 billion.

The offer beats Norilsk Nickel's $C21.50 a share bid two weeks ago and is about 35 per cent higher than Xstrata's original $C18.50 a share bid.

It was tabled as LionOre revealed a massive jump in first-quarter earnings, spurred by the soaring price of nickel.

LionOre earned $US148.3 million ($A178.4 million) in the three months to March 31, compared with $US13.2 million the previous year.

The average nickel price realised by the company was $US18.80 a pound compared with $US6.72 a pound a year earlier.

LionOre owns the Emily Ann, Maggie Hays and Black Swan nickel mines in Western Australia and is developing the Waterloo nickel project there.

It also owns the Thunderbox gold mine and 80 per cent of the Honeymoon Well deposit, one of the world's largest undeveloped nickel deposits with an indicated resource of one million tonnes.

LionOre expects to produce about 44,000 tonnes of nickel this year and 80,000 tonnes by 2012.

Xstrata leapfrogged its rivals to become the world's fourth-largest nickel producer after its $US17 billion acquisition of Toronto-based Falconbridge last year, and would maintain that position if it was successful in its bid for LionOre.

Norilsk is the world's largest producer of the metal.

Charles Cooper, a London-based analyst for NCB Group, said he wouldn't be surprised to see Norilsk come back for another go.

"We expect nickel prices to remain high and the payback can be very quick," he said.

Victor Borodin, a spokesman for Norilsk in Moscow, declined to comment.

Xstrata has approval from the Australian Competition and Consumer Commission and the Foreign Investment Review Board to proceed with the takeover.

LionOre shares have risen 24 per cent on the Toronto Stock Exchange since Xstrata's original offer. They last traded at $C23.70.

The company has a secondary listing on the ASX where the stock traded at $21.10 before yesterday's trading halt. with BLOOMBERG

A tic up !!!!!

Nickel May Rise 20% on Smelter Shortage, Credit Suisse Says

By Madelene Pearson

May 21 (Bloomberg) -- The price for nickel, used to make stainless steel, may rise 20 percent as a shortage of smelters to process ore into metal constrains supply, Credit Suisse Group said in a report.

Nickel may reach $65,000 a metric ton in the ``near term,'' Credit Suisse London-based analysts led by Jeremy Gray and Eily Ong said in a report dated May 16. Smelting output may grow at 4.6 percent this year compared with demand growth as high as 5 percent should stainless steelmakers rebuild inventories and global economic growth increase, the report said.

Nickel for immediate delivery rose to a record $54,050 a metric ton in London on May 15 as China's economic growth fueled demand for the metal. Cost overruns and delays at BHP Billiton Ltd.'s Ravensthorpe and Cia. Vale do Rio Doce's Goro projects, the two largest nickel mines under construction, exacerbated supply shortfalls, helping drive price increases.

``Prices will remain strong over the next two years given the lack of supply growth until 2009 at the earliest,'' Gray and Ong wrote in the report. ``The current profile of new smelters is unlikely to be enough to feed ongoing strong demand from the stainless steel industry in the next two years.''

Nickel for immediate delivery rose $1,800, or 3.5 percent, to $54,025 a ton on May 18. Prices have jumped 155 percent in the past year as inventories plunged 78 percent to an amount equal to less than two days of global consumption.

Only three of 11 nickel mine and smelter projects under way, including Ravensthorpe and Goro, will start production before 2010, the analysts said.

Risk of Delay

``Any delay in the 2008 startup of Ravensthorpe and the 2009 startup of Goro will clearly make our global smelter growth forecasts of 4.6 percent in 2007 and 5.3 percent growth in 2008 look too aggressive and would help underpin the current strength in nickel prices,'' the report said.

The forecast by Credit Suisse compares to the $55,000 a ton estimate of Standard Bank analyst Michael Skinner made April 26.

Prices are expected to stay ``strong'' over the next two years given the lack of smelter supply growth until 2009, the report said. They may also gain should an anticipated increase in production of lower grade ferro nickel from China be overestimated, the analysts wrote.

``The strength in today's nickel price is a good lead indicator to suggest that the ramp up of Chinese production is clearly taking longer than expected to make an impact,'' they said. ``Our suspicion is that the ramp up of Chinese production will not make a significant dent in global supply until 2009 at the earliest.''

The bank is assuming demand growth of 3 percent this year, rising to 5 percent should stainless steelmakers build inventories in the third quarter. A ``pronounced'' cutback to stainless steel production may damp demand for nickel and threaten prices, Credit Suisse wrote.

Right, I'm building a nickel smelter in the garden shed! Anyone in?

Ni is definitely one to watch at present. TMC is doing me proud, although I'm kicking myself for taking my eye off the ball for so long.

Good luck to all.

Barry Sergeant
23 May 2007

Nickel has again given new meaning to "ten bagger", with a price increase from just over $2/pound late in 2001 to fresh recent records close to $25/pound. Against doomsayers, official stocks of the metal, used mainly in the production of stainless steel, is down to a day or less of global consumption.

Analysts and industry players, not least Dedi Aditya Sumanagara, president director of PT Aneka Tambang Tbk, reckon that the undersupply curve of nickel is such that prices will remain high for another 18 months.

Nickel currently trades around $50 000 a ton and more on the London Metals Exchange, compared to an average price over the past 12 months of $35 387 a ton, and "just" $24 185 in 2006. After years of sitting in the price doldrums, and an all-time nadir (like many other metals) in real price terms in the late 1990s, nickel exploration and projects were either neglected or taken only half seriously.

Based on current information, the biggest increases in nickel supplies are likely to come on stream in Australia and nearby New Caledonia. Eramet, via 60% subsidiary Socile Nickel, has largely operated alone for more than a century in New Caledonia, said to hold a quarter of the world's nickel.

Nickel operators are key acquisition targets; CVRD's recent $17,6bn acquisition of Canada-based Inco now looks like a bargain basement deal, and has pushed CVRD's market capitalisation into second place among the big diversified, miners, ahead of Rio Tinto and Anglo American, and behind BHP Billiton.

Inco delivered CVRD the Goro nickel mine and smelting plant in New Caledonia, where Inco had already spent at least $1bn in development. By now, the project is at least 80% complete, and due to start commissioning up to a nameplate of 60 000 tons a year in early 2009, at a capital cost north of $3bn.

BHP Billiton is meanwhile confident of this year starting up its 70 000 tons a year Ravensthorpe operation in Australia. Nickel is a tough business: there have been expected start-up delays and cost overruns at Goro, Raventhorpe, Vermelho and a number of other development projects.

Consolidation in the industry continues; Xstrata, having first bid $4bn in cash for LionOre, has heavily overbid a counterbid by Norilsk, Russia's mega nickel miner. BHP Billiton, Xstrata's acquisition nemesis, lurks still in the background to that possible deal, but may have ruled itself out on the basis of the huge break fee secured on Xstrata's revised bid.

BHP Billiton two years ago outbid Xstrata for Australia's WMC. The BHP Billiton/WMC west Australian nickel assets possess potentially intimate synergies with LionOre's Activox hydrometallurgical process technology. Industry experts see LionOre's Honeymoon Well 1m-ton contained nickel project as a look-alike in many respects for the jewel of BHP Billiton's nickel business, Mt Keith. Meanwhile, beyond the primary producers of nickel, South Africa's platinum mines continue to enjoy a lucrative side income from a secondary by-product.

The nickel business is taking on a whole new look and most analysts have pushed up the very long term forecast for the metal, not least on the view that such prices are required to ensure a reasonable return to develop new - mainly laterite - nickel mines. Capital expenditure inflation - mainly on the back of higher energy and (ironically) stainless steel costs - have forced the reorganization of industry cost curves.

There could be a sharp short-term correction in nickel prices, given market intelligence suggesting that a single entity holds substantial unofficial stocks, having gone long on the metal for speculative purposes. Trading house and nickel producer Glencore is mentioned most often, though company officials have declined to comment. But as one analyst puts it, "prices at these levels will likely lead to nickel demand destruction which strangely will probably help with stock rationing in what is viewed as a tight market".

Of Interest


LionOre Mining predicts it may not hit its 2007 nickel production target


Saturday, May 26, 2007

TORONTO (CP) - LionOre Mining International Ltd. TSX: LIM announced Saturday that the company expects a 2.9 per cent shortfall in the group's 2007 total nickel production target of 44,300 tonnes.

It's due to a delay in the target date for full mine production from the Maggie Hays underground mine, at the Lake Johnston operation in Australia, LionOre said in a release.

As a consequence, LionOre anticipates that the group's production for the year could drop to approximately 43,000 tonnes of payable nickel (37,700 tonnes attributable) compared with 44,300 tonnes (39,795 tonnes attributable) published in earlier guidance.

The Maggie Hays sub-level cave operation encountered poor ground conditions during the first quarter of 2007, which required mining activities to focus on rehabilitation to improve ground support in the production drives, LionOre said. A further deterioration in ground conditions has since resulted in a substantial increase in the required rehabilitation program, which will restrict the second quarter 2007 production plan.

As a result of this rehabilitation program, LionOre says it now expects full production levels from Maggie Hays to be attained in the third quarter of 2007. Life-of-mine nickel production is still in line with the current life-of-mine plan.

Management is currently reviewing opportunities at all locations to recover the delayed production, the company said.

Gladstone Pacific Nickel Limited
07 June 2007


GLADSTONE PACIFIC NICKEL LIMITED (ACN 104 261 887)

US$40 MILLION FINANCING COMMITTED


Gladstone Pacific Nickel Limited ('Gladstone' or 'the Company') announces
the completion of a fully subscribed private placement, raising
approximately US$40 million.


Special Warrants to the value of approximately US$30 million have been
issued today while Special Warrants to the value of approximately US$10
million have been committed and the issue will be closed as soon as possible
and not later than 13 August 2007.


These funds will enable Gladstone to progress its business plan including
the completion of its Integrated Definitive Feasibility Study for the
Gladstone Nickel Project ('GNP') and the furtherance of ore supply
agreements.


Gladstone is pursuing a listing of its ordinary shares on the Toronto
Stock Exchange or the TSX Venture Exchange within 180 days of this closing,
which is expected to assist in expanding its shareholder base in North
America.


Pursuant to its US$40 million placement that was approved by shareholders at the
Extraordinary General Meeting held on 29 May 2007 (the 'Placement'), the Company
issued today a total of 8,368,000 Special Warrants, raising approximately US$30
million. The remaining 2,789,000 Special Warrants will be issued, and the
balance of approximately US$10 million will be received, by the Company as soon
as possible but not later than 13 August 2007.

The issue of 2,789,000 Special Warrants to RAB Special Situations (Master) Funds
Ltd ('RAB') will occur only upon Australian Foreign Investment Review Board
('FIRB') approval. Should FIRB not approve the issue of these Special Warrants,
Transocean Group Holdings Pty Ltd (an entity related to Transocean Securities
Pty Ltd - an Agent) will subscribe for the 2,789,000 Special Warrants, on
similar terms, pursuant to an Underwriting Agreement with the Company. No
amounts are payable in respect of the Underwriting Agreement other than
reasonable legal costs and expenses incurred by Transocean Group Holdings Pty
Ltd.

Completing the Placement in two parts will have no adverse affect on Gladstone's
business plan.

John Downie, Chief Executive Officer of Gladstone, commented:

'The proceeds of the placing will underpin the significant progress being made
by the Company, in particular facilitating further ore supply agreements which
will ensure the long term substantial supply of high grade ore to the Project
and also supporting the expenditures associated with completion of the
Integrated Definitive Feasibility Study for the Project, due in the third
quarter of 2007.'

The Special Warrants are as described in the Explanatory Memorandum which
accompanied the Notice of Meeting for the Extraordinary General Meeting held on
29 May 2007.

As explained in that Explanatory Memorandum the Company will use its commercial
best-effort to obtain a listing on the Toronto Stock Exchange or the TSX Venture
Exchange, within 180 days of this closing ('Listing Date').

Special Warrant holders, holding 3,793,130 Special Warrants, have already elected
to convert them into Ordinary Shares listed on the AIM market and the Company has
today allotted the same number of Ordinary Shares. Application has been made for
3,793,130 Ordinary Shares to be admitted to trading on AIM. The Shares rank pari
passu with the Company's issued Ordinary Shares and are expected to trade on AIM
from 8 June, 2007. As a result of this allotment the Company has 34,145,846 Ordinary
Shares in issue.

Transocean Securities Pty Ltd and Research Capital Corporation acted as agents
on the Placement and received a fee equal to 7% of the Placement and 780,990
Broker Special Warrants in consideration for their services. Each Broker Special
Warrant represents a right to receive one Broker Option. Details of the Broker
Options are set out in the Explanatory Memorandum which accompanied the Notice
of Meeting for the Extraordinary General Meeting held on 29 May 2007 as
augmented by the Company's letter to shareholders dated 18 May 2007.


For further information contact:

Gladstone Pacific Nickel Limited
21 June 2007



GLADSTONE PACIFIC NICKEL LIMITED (ACN 104 261 887)


Additional Listing


The directors of Gladstone Pacific Nickel Limited ('Gladstone' or 'the Company')
advise that they have allotted 1,394,000 ordinary shares following the
instruction, by a Special Warrant Holder, to convert the same number of Special
Warrants into Ordinary Shares on the AIM market. Special Warrants were issued
to investors as part of the recently announced US$40 million private placement.
In accordance with the terms of the Special Warrants no further consideration
has been received.

The new shares rank pari passu with the Company's issued ordinary shares.
Application will be made for 1,394,000 ordinary shares to be admitted to trading
on AIM and dealings are expected to commence on 25 June 2007.

As a result of this allotment the Company will have 35,539,846 ordinary shares
on issue.



For further information contact:

Gladstone Pacific Nickel Limited
02 July 2007


Gladstone Pacific Nickel Ltd (the 'Company')

ACN 104 261 887

Directors' Dealings

Prior to the end of the Australian financial/tax year, Robash Pty Ltd (an
associated company of the Chairman, Mr R A Pearce) transferred 100,000 shares in
Gladstone Pacific Nickel Ltd on 29 June 2007 to Mr Pearce personally at a price
of 180p per share. Mr Pearce then transferred 90,000 of those shares to his
private superannuation fund (Mustang Asset Pty Ltd) at a price of 180p per share
and gifted the balance of 10,000 shares to various parties. On 2 July 2007,
Belgrave Square Pty Ltd (an associated company of Executive Director, Mr P J
Matheson) transferred 10,000 shares in the Company to Mr Matheson personally at
a price of 180p per share. Mr Matheson gifted 10,000 shares in the Company to
various parties.


Further to these transactions, these Directors' interests in the Company's
shares are as follows:

Director Total holding Percentage of issued
share capital

Mr R A Pearce 4,115,000 11.58%
Mr P J Matheson 4,115,000 11.58%


Enquiries to:

Julien McInally - Company Secretary

Gladstone Pacific Nickel Limited TEL: +61 7 3211 8899

Simon Rothschild - Bankside Consultants TEL: +44 207 367 8888

Christopher Caldwell - Insinger de Beaufort TEL: + 44 207 190 7022

Gladstone Pacific Nickel Limited
31 July 2007


NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES


GLADSTONE PACIFIC NICKEL LIMITED (ACN 104 261 887)

US$40M Private Placement Complete

Gladstone Pacific Nickel ('the Company') is pleased to announce the receipt of
the final US$10 million of its US$40M Private Placement.

The Company has successfully completed its Private Placement, which was
announced on 7 June, 2007, with the receipt of US$10 million from RAB Special
Situations (Master) Funds ('RAB').

Australian Foreign Investment Review Board ('FIRB') approval for the issue of
2,789,000 Special Warrants has been granted to RAB. RAB has elected to
immediately convert its 2,789,000 Special Warrants into the same number of
Ordinary Shares to be admitted to trading on AIM.

The directors of Gladstone Pacific Nickel Limited advise that the Company will
allot 2,789,000 Ordinary Shares to RAB and an Application has been made for the
same number of Ordinary Shares to be admitted to trading on AIM where dealings
are expected to commence on 1 August, 2007. The new shares will rank pari passu
with the Company's issued Ordinary Shares.

As a result of this allotment the Company will have 38,328,846 ordinary shares
on issue.

The Company has made a successful application to obtain a listing on the Toronto
Stock Exchange ('TSX') to compliment the Company's AIM listing. Shares will
begin trading on the TSX at opening of trading on the 31 July 2007.

Note to Editors:
Gladstone Pacific Nickel Limited (GPNL) is an Australian mining development
company presently undertaking an Integrated Definitive Feasibility Study (IDFS)
for the Gladstone Nickel Project (GNP). The company's vision is to build a major
long-life nickel cobalt refinery at the deepwater Port of Gladstone, in Central
Queensland, Australia, treating abundant high grade nickel laterite ores from
New Caledonia and other south-west Pacific islands, underpinned by beneficiated
ores from its own Marlborough deposits. The Project has the potential to be one
of the largest of its type in the world producing some 126,000 tpa nickel (8
-10% of global nickel demand) and 10,400 tpa of cobalt metal from its first two
stages.

Gladstone Pacific Nickel Limited
31 July 2007




GLADSTONE PACIFIC NICKEL LIMITED (ACN 104 261 887)

LISTING ON THE TORONTO STOCK EXCHANGE


Gladstone Pacific Nickel Ltd (the 'Company') is pleased to advise that the
Ordinary Shares of the Company will be listed and posted for trading on the
Toronto Stock Exchange ('TSX') at the opening today, 31 July 2007. The Company's
shares will trade on the TSX under the symbol 'GPN' and will continue to trade
on the Alternative Investment Market ('AIM') of the London Stock Exchange under t
he same symbol.


http://moneyam.uk-wire.com/cgi-bin/articles/200707311150041959B.html

Gladstone Pacific Nickel Limited
20 August 2007




GLADSTONE PACIFIC NICKEL LIMITED (ACN 104 261 887)
('GPNL' or 'the Company')


GPNL ESTABLISHES 49% MINING JOINT VENTURE & INTEREST IN SEVERAL MINING TENEMENTS
IN THE SOUTHEAST REGION OF NEW CALEDONIA



GPNL establishes a mining Joint Venture with the shareholders in
Societe Miniere Georges Montagnat ('SMGM') in New Caledonia.


GPNL will acquire a 49% interest in the Joint Venture that will own and
mine the tenements for US$5 million in cash and approximately 12 million shares
in GPNL issued to SMGM Shareholders.


The Joint Venture which will own the tenements in New Caledonia will
supply the laterite ore mined from them to GPNL's proposed High Pressure Acid
Leach ('HPAL') facility in Gladstone, Australia


GPNL is pleased to announce the signing of an agreement with SMGM and its
shareholders, which, once conditions precedent have been satisfied, will
establish an incorporated mining joint venture ('JV') in New Caledonia.

The agreement is conditional on the receipt of various approvals by 31 December
2007. These include all approvals required in connection with the proposed issue
of GPNL shares to the SMGM Shareholders and those approvals necessary for SMGM
to transfer the tenements to the JV Company. Four tenements in the region
currently owned by SMGM will be transferred to the JV in which GPNL (through its
wholly owned subsidiary Gladstone Nouvelle Caledonie SAS) will have a 49%
interest and SMGM shareholders will hold 51%. GPNL will pay a deposit of US$5
million immediately and issue, in about three years, approximately 12 million
shares to the SMGM shareholders, In the meantime GPNL will have a nominal
shareholding in the JV Company, and the right to appoint half the JV Company's
directors.

'SMGM, a highly regarded major New Caledonian mining company, has successfully
managed mining operations in New Caledonia since 1956 and has considerable
experience and an extensive mining fleet. GPNL is proud and very fortunate to be
associated with SMGM ', said CEO, John Downie.


'SMGM has mapped the southern area of the tenements and already drilled 229
diamond drill holes for a total of 5,728 m. Based on our internal review of the
data, we believe that a resource exists of a size and grade that would
significantly support GPNL's Gladstone Nickel Project for a period way in excess
of 20 years.', he added .


Historical results from some selected drill holes referred to above are provided
in the table below:

+----------+----------+------------+----------+-------------+-------------+
|Drill Hole|Width (m) |Drill Hole |Drill Hole| Ni% | Co% |
| | |depth: From |depth: To | | |
+----------+----------+------------+----------+-------------+-------------+
|SGM5 02 | 32.6 | 12 | 44.6 | 1.42 | 0.17 |
+----------+----------+------------+----------+-------------+-------------+
|SGM5 10 | 24 | 8 | 32 | 1.47 | 0.05 |
+----------+----------+------------+----------+-------------+-------------+
|SGM5 13 | 26 | 15 | 41 | 1.27 | 0.14 |
+----------+----------+------------+----------+-------------+-------------+
|SGM5 30 | 18 | 19 | 37 | 1.89 | 0.10 |
+----------+----------+------------+----------+-------------+-------------+
|SGM5 37 | 22 | 11 | 33 | 1.47 | 0.09 |
+----------+----------+------------+----------+-------------+-------------+
|SGM5 53 | 33 | 1 | 34 | 1.46 | 0.16 |
+----------+----------+------------+----------+-------------+-------------+
|SGM5 74 | 16.2 | 16 | 32.2 | 1.37 | 0.29 |
+----------+----------+------------+----------+-------------+-------------+
|SGM6 12 | 29.3 | 3 | 32.3 | 1.48 | 0.17 |
+----------+----------+------------+----------+-------------+-------------+
|SGM6 14 | 33 | 8 | 41 | 1.37 | 0.10 |
+----------+----------+------------+----------+-------------+-------------+
|SGM6 104 | 14 | 13 | 27 | 1.52 | 0.22 |
+----------+----------+------------+----------+-------------+-------------+
|SGM6 112 | 22 | 14 | 36 | 1.47 | 0.09 |
+----------+----------+------------+----------+-------------+-------------+


Additional confirmation drilling, known as 'twinning', is being undertaken in
order to upgrade the existing known deposit to JORC compliant resource status.
This work has already commenced and will be completed within two months. Over
the next 6 months, further exploration drilling will be completed to generate
detailed mining, water management and environmental plans for presentation to
the Department for Industry Mines and Energy New Caledonia (DIMENC) in Noumea,
for its approval.


Mr Downie said, 'The tenement area covered by the JV is highly prospective
beyond the previously drilled southern area and further resource verification
work will be conducted. The mining tenements are ideally located with close
access to deep water shipping channels.


'Our objective is to contribute to a sustainable, long term and mutually
respectful relationship with our local communities and partners', said Olivier
Pecqueux, GPNL's Director-General in New Caledonia. He added 'As Gladstone
completes the final processing of the ore in Australia there will be no
requirement for residue dams to be constructed in New Caledonia, which is a
distinct advantage for us in our environmental commitments'.


It is intended that the JV's environmental commitment will include a plan to
implement a revegetation strategy with the objective of re-establishing the
native plant ecosystem and preserving the diversity of the flora. Floral
inventories, species selection for reforestation, seed collection and
propagation will be commenced well before mining begins.


The JV agreement is structured on commercial terms with final details of the ore
pricing formula to be agreed within one month. All necessary approvals to mine
and GPNL's access to appropriate funding for the Gladstone Nickel Project are
key milestones associated with the success of the Project, failure of which
could result in the agreement ending. The JV will be funded by the parties in
proportion to their respective interests in the JV. Development expenditures, to
the extent not funded by external sources, would be funded in the same manner
unless the SMGM shareholders elect not to contribute their share, when GPNL must
contribute the shortfall. Any such shortfall is to be repaid in proportion to
amounts contributed


GPNL will seek the approval of its shareholders for the share issue provided for
in the JV agreement as soon as practicable.



For further information contact:

John Downie, Chief Executive Officer - Gladstone Pacific Nickel Ltd:
Tel: +61 7 3211 8899

Christopher Caldwell/ Joe Lunn - Insinger de Beaufort:
Tel: +44 207 190 7000

Simon Rothschild/Keith Irons - Bankside Consultants:
Tel: +44 207 367 8888

interesting one this smiler not sure about it with the price of nickel taking a hit, may be a good long term bet?.

Agree flash, a safe ish bet long term, you may get a tic up on some news ?

Gladstone Pacific Nickel Limited
12 September 2007



12 SEPTEMBER 2007


GLADSTONE PACIFIC NICKEL LIMITED (ACN 104 261 887)


Additional Listing

The Directors of Gladstone Pacific Nickel Limited ('Gladstone' or 'the Company')
advise that they have allotted 1,161,800 ordinary shares in the Company to
Special Warrant Holders, in accordance with the terms of the Special Warrants
following the exercise of Special Warrants by investors who participated in the
US$40 million placing announced on 7 June 2007.

The new shares rank pari passu with the Company's issued ordinary shares. The
ordinary shares are listed on the Toronto Stock Exchange, and application will
be made for the shares to be admitted for trading on AIM on September 18, 2007.
The shares are subject to a four-month lock-in period that expires on December
1, 2007 and cannot be traded on AIM or the Toronto Stock Exchange prior to that
expiry date.

As a result of this allotment the Company will have 39,490,646 ordinary shares
on issue.


For further information contact:

Gladstone Pacific Nickel Limited
17 September 2007





GLADSTONE PACIFIC NICKEL LIMITED (ACN 104 261 887)
('GPNL' or 'the Company')


GNPL ACHIEVES ANOTHER KEY MILESTONE SECURING LAND FOR THE GLADSTONE NICKEL
PROJECT


Gladstone Nickel Project Pty Ltd, a wholly-owned subsidiary of GPNL, has
finalised an approximate A$33 million Land Purchase Agreement ('Agreement') with
the Queensland Government's Minister for Industrial Development which secures
the land required for the Company's proposed Gladstone Nickel Project.

The Agreement is conditional on the Company meeting several requirements
including securing sufficient debt and equity to fund the Project's development.
A deposit of 5% of the total land value has been provided to the Vendor. This
deposit is refundable if the conditions of the Contract have not been met.


The land comprises approximately:

200 hectares, secured for the proposed nickel refinery and associated
facilities, and

1800 hectares, secured for residue storage requirements.

Both sites are located in the Gladstone State Development Area (GSDA). The GSDA
was established as an initiative of the Queensland Government to secure a
precinct with ready access to a deep water port to cater for large-scale,
industrial development.

The combined land package provides sufficient area to support both Stages 1 and
2 in terms of residue disposal capacity, sufficient space for the proposed Stage
1 nickel refinery (60,000 tonnes of nickel per annum) and any future expansions
to increase capacity as the nickel market dictates.

John Downie, GPNL's CEO said: 'Securing sufficient land for both Stages 1 and 2
of the Project is an important milestone for Gladstone Pacific Nickel Ltd. It
provides us with a higher level of certainty and confidence in the future of the
world-class nickel project we are developing in Queensland.'

'The Gladstone region brings some strategic benefits for our project including
sufficient industrial land for development, and a history of support for other
large projects associated with both the minerals and chemicals industries.'


For further information contact:

John Downie, Chief Executive Officer - Gladstone Pacific Nickel Ltd:
Tel: +61 7 3211 8899

Christopher Caldwell/ Joe Lunn - Insinger de Beaufort:
Tel: +44 207 190 7000

Simon Rothschild/Keith Irons - Bankside Consultants:
Tel: +44 207 367 8888

Of Interest :

Big Nickel - BHP's mines in the West

September 24, 2007

BHP Billiton's chief executive, Chip Goodyear, is fond of pointing out that the ability to move dirt - and lots of it - is one of his company's key competitive advantages.

It is therefore fitting that the world's largest mining company operates the world's largest open-pit nickel mine, which in turn is part of the world's third-largest nickel business.

The dimensions of BHP's Mount Keith nickel mine, 720 kilometres north-east of Perth, are appropriately jaw-dropping.

The mine is 2.4 kilometres long and 1.4 kilometres wide, and its pit is 300 metres deep. Given the low but consistent grade of the ore, it is necessary to mine 150 kilograms of material to eventually produce an 80-gram nickel briquette the size of a large marble.

In May, a single briquette would have been worth more than $US4, given the price of nickel had risen to a record $US54,000 a tonne. But a steep fall in the nickel price in recent months - the commodity was worth $US31,975 a tonne on the London Metal Exchange on Friday - means the price of a briquette has fallen to $US2.70 as nickel stocks have risen.

BHP doesn't appear to be overly concerned about the recent price fall, and for good reason.

At the time of its $9.2 billion purchase of WMC Resources - the previous owner of Mount Keith and BHP's other nickel sulphide operations in Western Australia - nickel was trading at about $US16,000 a tonne. BHP earned a record $US3.7 billion ($4.3 billion) before interest and tax from its nickel division last year, compared to $US901 million the previous year, but the figure could fall this year along with the nickel price.

"The market has big variations; it is volatile," Marcelo Bastos, the president of BHP's WA nickel operations, noted last week. "I would like to have a crystal ball."

UBS resource analysts may not have a crystal ball either, but in a recent report they predicted the nickel price could rebound during the second half of the year as stainless steel producers restock the raw material. About 65 per cent of nickel production is sold to stainless steel makers.

Merrill Lynch has expressed a similar sentiment.

"Whilst we are looking for a small fourth-quarter rebound in nickel prices, it really is a story of sustainable high prices around current levels, as opposed to further price appreciation," the analyst Vicky Binns said earlier this month, advising clients to go "long" on nickel.

Over the longer term, UBS expects nickel to trade at $US15,400 a tonne - much higher than old long-term prices - since producers are being forced to process more difficult laterite ore bodies as sulphide mines such as Mount Keith are depleted.

BHP has helped accelerate the growing laterite trend. It already processes laterite at its Yabulu refinery in Queensland, gained through its merger with Billiton, but its laterite production will increase substantially when its $2.2 billion Ravensthorpe laterite mine near Esperance starts production next year. The project, plagued by delays and massive cost blowouts, will eventually produce about 50,000 tonnes of nickel a year - after an extended ramp-up period.

Meanwhile, BHP is also considering potential expansion of its sulphide operations. In Western Australia, it owns three nickel concentrators. Two of the concentrators are filled with material from its own mines at Mount Keith and Leinster, whereas the Kambalda concentrator receives third-party ore from smaller miners such as Mincor, Independence Group and Consolidated Minerals. Once the nickel is concentrated into a higher-grade product, it is transported to BHP's Kalgoorlie smelter to be turned into nickel matte. Nickel matte contains about 68 per cent nickel, 2 to 3 per cent copper and 1 per cent cobalt.

About one-third of the matte is sold directly to customers, but the other two-thirds is sent to BHP's nickel refinery in Kwinana, about 30 kilometres south of Perth. At Kwinana, the matte is transformed into briquettes containing more than 99 per cent nickel before being shipped to steel makers and other customers.

During a site visit, Kwinana's general manager, Brett Swayn, said the price BHP received for briquettes was about 15 per cent higher than the price it received for matte. At the moment, BHP sells about 35,000 to 45,000 tonnes of matte and 65,000 tonnes of briquettes. The company might therefore consider expanding Kwinana's capacity to 100,000 tonnes - giving it the ability to process almost all of its matte - if it found that option could lead to superior returns.

"We do have optionality there, but it becomes an economic decision at the end of the day," Swayn said.

Expanding the Kalgoorlie smelter - already the world's second-largest - is expected to happen at a more incremental rate. Simon Hay, the smelter's acting general manager, said BHP's strategy was to gain access to as much concentrate as possible and then to try to increase the smelter's capacity to accommodate the concentrate. Any extra concentrate could be sold into a very tight market to overseas customers.

BHP increased its access to some premium nickel concentrate recently when it signed a one-year offtake agreement with Jubilee Mines, replacing CVRD Inco as the purchaser of the WA miner's product. The first concentrate from Jubilee's high-grade Cosmos mine entered the smelter last week, in what Hay deemed "a really big positive for us".

Jubilee's concentrate is prized because, when blended, its high iron content helps offset some of the impurities in BHP's Mount Keith ore. Therefore, several analysts have suggested it might make sense for BHP to purchase Jubilee at some point. But BHP could have competition from Russia's Norilsk Nickel, which has become a key player on the WA nickel scene since its $C6.8 billion ($7.8 billion) purchase of Canada's LionOre Mining earlier this year.

"Mergers and acquisitions is always part of the plan," Bastos, the WA nickel president, said. "Obviously we are more focused on exploration. That is cheaper and more efficient, but we are in the market [for acquisitions]."

As part of BHP's increased emphasis on exploration, it plans to spend an unprecedented $US120 million hunting for more nickel near its existing WA operations over the next three years. Bastos said the company was also "constantly reviewing" the prospects of its Yakabindie deposit near Mount Keith and Leinster. Once touted as a major discovery by WMC, a pre-feasibility study was completed on the large, low-grade deposit, but its development has been deferred due in part to the heated WA labour market. "It's still a good project for us, but not a priority," Mount Keith's general manager, Adriano Espeschit, said.

The Yakabindie ore is a similar grade to Mount Keith but higher in talc, which is an impurity. Instead, BHP has focused on expanding its higher-grade Leinster operations.

As Credit Suisse noted last month, BHP's incoming chief executive, Marius Kloppers, has deemed nickel production growth a key plank of its plan to increase overall growth by 9 per cent a year until 2015.

And Bastos noted Chinese consumption - which Merrill Lynch predicts will rise 54 per cent this year - is unlikely to fall any time soon.

The reporter travelled to BHP's WA nickel operations courtesy of the company.

Gladstone Pacific Nickel Limited
09 October 2007


GLADSTONE PACIFIC NICKEL LIMITED
(ACN 104 261 887)

PRELIMINARY RESULTS FOR THE YEAR ENDED 30 JUNE 2007

CHAIRMAN'S STATEMENT and CHIEF EXECUTIVE OFFICER'S REVIEW

The past year was a significant one for the Gladstone Pacific Nickel Ltd
('GPNL') Project. A number of critical milestones have been completed and
agreements concluded to secure substantial additional offshore ore supplies. As
such the project, is now poised for the next implementation phase. The
achievement of these goals is the result of a dedicated team of personnel and
consultants lead by the new CEO, John Downie, who has achieved an enormous
amount since he started early this year.

During the year the nickel market price continued to rise to unprecedented highs
(+US$24/lb). Major socio-economic development taking place in the significant
economies of China and India, as well as the increasing investment in
infrastructure in countries such as Russia, Eastern Europe, South Africa, Brazil
and Indonesia will help to provide a platform for the growth in demand for
metals. Supply shortages in the nickel business and forecasts of continued
increases in price and demand for the metal in both traditional and new uses are
driving the industry pipeline for major capital expansion.

Our strategy is unique, creating value from our own Marlborough ore deposits as
well as ore from second tier deposits in the various Islands in the Pacific.
These ore bodies would otherwise be too small to justify a standalone processing
plant in their own right, for the benefit of the owners, communities,
governments and international nickel markets. With our refinery located in the
Queensland Government's designated regional industrial zone at the Gladstone
deep water port, the Project will be able to import ores, process them into
high-grade metal product and dispose of process residues in an
environmentally-safe storage facility. This approach offers those Pacific
Island nations a long-term, low impact environmental solution and significant
incremental social benefits. Additionally, pre-approved Australian
environmental permits will provide GPNL shareholders with a shortened delivery
time to nickel metal revenue and a repeatable model for growth.

Significant progress was also made this past year in the areas of handling and
processing of ore. This is in preparation for the implementation phase of the
GPN project. Our thanks go to Gavin Becker, Project Manager, and his energetic
team in achieving the goals set in the timeframes allowed.

Your company has continued to act responsibly in relation to environmental,
community and societal obligations.

- The Environmental Impact Statements (EIS) has completed the public display
and review stages in relation to Stages 1 and 2 of the processing and
refinery development and Supplementary EIS work is underway to reinforce
and clarify aspects of our plans and ensure GPNL's responsible interaction
with the Gladstone community;

- Relationships have been built, respected and managed with the traditional
land owners of the site of the Marlborough resource. An Indigenous Land Use
Agreement has been signed and registered by the National Native Title
Tribunal;

- Gladstone Nouvelle Caledonie (GNC) has developed and communicated to the
community our social commitments, focussing on opportunities relating to
legacy and long term relationships

- A Village Awareness Management Program was undertaken and successfully
completed in regard to our Solomon Island activities.


The plant's location at Gladstone provides unique opportunities for synergies
with other adjacent major industrial facilities, including co-disposal of acidic
residues with alkaline red mud produced in the vicinity and as such is a
springboard for growth. Further expansion of Rio's Gladstone Alumina refinery is
well underway and other industry developments such as the massive Santos coal
seam gas conversion plant are proposed for the area. The size and scale of
Stage 1 of the GPNL Project is consistent with the technical and economic scale
currently in favour within the industry.


The estimated capital cost of the Project, whilst having increased, benchmarks
well against similar projects in the industry. The capital cost is readily
supported by a better understanding of the value of the business given high
quality ore supplies and an improved long term view of the nickel price. The
Project offers sufficient cash flow to support an optimized financing structure
and excellent returns at manageable risk to shareholders and equity partners.
There is great upside potential as the market for lower grade laterites develops
and adequate quantities of suitable materials are identified to support two- or
four-fold expansion of the Gladstone refinery complex

Gladstone ups cost estimate for Gladstone Nickel Project to 3.4 bln usd UPDATE
AFX


(Adds details)

LONDON (Thomson Financial) - Gladstone Pacific Nickel Ltd said the estimated cost of carrying out Stage 1 of its Gladstone Nickel Project has been raised to 3.4 bln usd, according to a feasibility study.

The previous capital cost estimate of 2.8 bln usd, announced in the company's December 2006 half yearly report, has been increased to take into account foreign exchange movements and escalation rates over the past year.

The feasibility study estimates cash operating cost of 2.19 usd per pound of nickel, net of by-product credits, at full production of 63,000 tonnes of nickel and 6,200 tonnes of cobalt a year, a slight increase from previously announced tonnages.

Gladstone Pacific plans to build the world's largest nickel and cobalt refining centre, treating South West Pacific nickel laterite ores at its site in Queensland, Australia.

Stage 2 of the project is looking to increase production to about 120,000 tonnes a year of nickel and 10,000 tonnes of cobalt.

julie.crust@thomson.com

jc



COPYRIGHT

Gladstone Pacific Nickel Limited
29 October 2007



Gladstone Pacific Nickel Limited ACN 104 261 887
(the 'Company')

Annual Report and Annual General Meeting


The Company is pleased to announce that its Annual Report for the year ended
30 June 2007 and the Notice of Annual General have been posted to shareholders.
The Company's Annual General Meeting will take place at 8.00pm (AEST) on
22 November 2007 at the Company's offices in Brisbane. The Annual Report and the
Notice of Meeting will be available for viewing on the
Company's website:

Gladstone Pacific Nickel Limited
21 November 2007


GLADSTONE PACIFIC NICKEL LIMITED
(ACN 104 261 887)

GLADSTONE PACIFIC NICKEL SETS EXPLORATION TARGET
OF 50 MILLION TONNES OF NICKEL LATERITE

This announcement supercedes the announcement made on 20 November 2007.


DIAMOND DRILLING IN NEW CALEDONIA CONFIRMS HISTORIC DATA

EXPLORATION TARGET SET AT 50 MILLION TONNES OF NICKEL LATERITE FOR 1.1 -
1.3 BILLION LBS (500,000 - 600,000 TONNES) OF NICKEL

FURTHER 8,000 METRES OF DRILLING PLANNED FOR EARLY 2008


Gladstone Pacific Nickel Ltd ('GPNL' or 'the Company') is a dynamic company
focused on the primary objective of owning and developing nickel laterite
deposits in the South West Pacific Region, and producing refined nickel metal
from its proposed high pressure acid leach plant at Gladstone, Australia. The
Joint Venture and Acquisition Agreement with Societe Miniere Georges Montagnat
('SMGM'), announced on 20 August 2007, is one of the key pillars of the
Company's strategy to achieve ownership of nickel laterite ore for its Gladstone
plant.


The Company has completed a diamond drill program on the nickel laterite
tenements in New Caledonia that are included in GPNL's agreement with SMGM.
Prior to the proposed Joint Venture and Acquisition Agreement with SMGM, 160
drill holes were drilled for a total of 4,147 metres. The objective of the
Company's drill program was to substantiate the historical SMGM drill data by
repeating some of the drilling and analysing the results in order to confirm the
historical data. The twin drill program consisted of 19 drill holes for a total
of 708 metres. The results of the twinned drill holes using a 0.8%Ni grade
cut-off are shown in the table below.


+-----------------+---------+---------+--------+---------+---------+--------+
| Twinned Holes | From | To | Width | Nickel | Cobalt | Iron |
| |(metres) |(metres) |(metres)| (%) | (%) | (%) |
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM5 02 twin | 1| 39| 38.0| 1.16| 0.17| 42.19|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM5 10 twin | 1| 31| 30.0| 1.19| 0.04| 29.47|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM5 13 twin | 8| 32| 24.0| 1.48| 0.14| 40.59|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM5 28 twin | 7| 30| 23.0| 1.24| 0.08| 38.84|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM5 30 twin | 10| 41| 31.0| 1.09| 0.04| 20.98|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM5 37 twin | 8| 31| 22.7| 1.35| 0.07| 29.12|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM5 53 twin | 2| 29| 26.7| 1.22| 0.12| 41.28|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM5 74 twin | 1| 28| 27.4| 1.00| 0.13| 37.62|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM5 75 twin | 5| 35| 30.3| 1.42| 0.13| 37.25|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM6 05 twin | 10| 23| 13.3| 1.24| 0.18| 48.03|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM6 104 twin | 7| 27| 20.0| 1.31| 0.14| 41.82|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM6 109 twin | 1| 31| 30.0| 1.36| 0.05| 28.26|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM6 112 twin | 8| 45| 37.0| 1.44| 0.10| 28.86|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM6 18 twin | 0| 34| 33.8| 1.27| 0.16| 49.16|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM6 191 twin | 6| 41| 35.3| 1.18| 0.11| 36.68|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM6 26 twin | 3| 36| 33.0| 1.36| 0.07| 31.90|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM6 34 twin | 4| 51| 47.0| 1.43| 0.14| 36.28|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM6 44 twin | 1| 39| 38.0| 1.24| 0.15| 44.24|
+-----------------+---------+---------+--------+---------+---------+--------+
|SGM6 49 twin | 2| 30| 28.4| 1.11| 0.18| 50.57|
+-----------------+---------+---------+--------+---------+---------+--------+
| Averages| | | 29.94| 1.27| 0.12| 37.18|
+-----------------+---------+---------+--------+---------+---------+--------+



The original drill holes with a similar cut-off grade are presented in the table
below;


+-----------------+---------+---------+---------+---------+--------+--------+
|Original Holes | From | To | Width | Nickel | Cobalt | Iron |
| |(metres) |(metres) |(metres) | (%) | (%) | (%) |
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM5 02 | 1| 44.6| 43.6| 1.29| 0.14| 42.14|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM5 10 | 3| 32| 29.0| 1.36| 0.04| 39.11|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM5 13 | 9| 41| 32.0| 1.25| 0.14| 46.35|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM5 28 | 6| 29| 23.0| 1.23| 0.10| 28.56|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM5 30 | 12| 37| 25.0| 1.62| 0.09| 21.03|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM5 37 | 5| 34| 29.0| 1.34| 0.07| 41.01|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM5 53 | 0| 34| 34.0| 1.45| 0.16| 32.71|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM5 74 | 5| 32.2| 27.2| 1.08| 0.24| 39.66|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM5 75 | 1| 39| 38.0| 1.18| 0.11| 39.88|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM6 05 | 9| 32.7| 23.7| 1.15| 0.14| 37.63|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM6 104 | 7| 27| 20.0| 1.27| 0.16| 46.06|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM6 109 | 1| 20| 19.0| 1.38| 0.06| 47.22|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM6 112 | 6| 36| 30.0| 1.30| 0.13| 38.60|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM6 18 | 1| 33| 32.0| 1.25| 0.17| 40.86|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM6 191 | 3.25| 28| 24.8| 1.21| 0.20| 48.70|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM6 26 | 1| 32| 31.0| 1.37| 0.10| 44.05|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM6 34 | 4| 45| 41.0| 1.26| 0.09| 41.10|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM6 44 | 1| 35| 34.0| 1.32| 0.12| 52.13|
+-----------------+---------+---------+---------+---------+--------+--------+
|SGM6 49 | 3| 38| 35.0| 1.10| 0.09| 56.18|
+-----------------+---------+---------+---------+---------+--------+--------+
|Averages | | | 30.07| 1.28| 0.12| 41.49|
+-----------------+---------+---------+---------+---------+--------+--------+



Samples were analysed by Ingemine laboratory (440 samples) in Noumea, New
Caledonia and Ultra Trace (342 samples) in Perth, Western Australia. Check
analysis performed on approximately every tenth sample, by ALS Chemex in
Brisbane Australia, ensured the accuracy of the analysis conducted by Ingemine
and Ultra Trace.

The twinned drill hole results are encouraging and confirm the historical drill
data. A feature of the geology of the drilled area is its variability over short
distances evidenced by some differences between the historical data and the twin
hole information. This variability is a common characteristic of nickel laterite
geology.

Based on the historical and twin drill hole information, the Company has set an
exploration target of 50 million tonnes of laterite ore containing between 1.1
and 1.3 billion lbs (500,000 -600,000 tonnes) of nickel and between 110 and 130
million lbs (50,000 - 60,000 tonnes) of cobalt. A drill program comprising
approximately 8,000 metres to add to the existing drill results is planned to
commence early in 2008.


Albert Mostert is the Qualified Person (as defined in NI 43-101) on the project.
The reader is cautioned that the potential quantity and grade of the Exploration
Target described is conceptual in nature, that there has been insufficient
control on historical data and exploration to define a mineral resource and that
it is uncertain if further exploration will result in the target being
delineated as a mineral resource. Until a feasibility study has been completed
there is no certainty that the Company's projections will be economically
viable.


Other points:
As announced on 20 August 2007 shareholder approval for the issue of shares,
pursuant to the Joint Venture and Acquisition Agreement with SMGM, will be
sought at the Company's Annual General Meeting to be held in Brisbane on 22
November 2007.
An error was made in the announcement dated 20th November 2007. In that
announcement the quantity of nickel in the exploration target was stated as 1.1
- 1.3 million lbs. The correct quantity of nickel expected is 1.1 -1.3 billion
tonnes as set out in this announcement.

AJCC, not sure if this is going to drop any more but 110/115 IMO has to be worth a punt, may see some action next year may be ???

Of Interest :

December 06, 2007 11:36am

WESTERN Metals has entered into an agreement with BHP Billiton for an option to acquire the Snowbird nickel and base metals project in Canada.

Under the deal, Western Metals must pay $US250,000 after a due diligence period, which is expected to end in June, drill one hole to test a specific anomaly, and pay a further $US1.25 million by July 31.

Western Metals managing director George Bauk said the acquisition built on the company's North American presence and base metals portfolio, representing its first significant nickel project.

"This acquisition continues our strategy to pursue high value commodities in the most prospective terrains," Mr Bauk said.

Western Metals recently completed a $32 million capital raising, with $31.5 million currently available for exploration and future acquisitions.

The company believes the project contains drill-ready targets, following various exploration programs conducted in the area by Phelps Dodge from the late 1950s through to 2000, the results of which were reviewed by BHP Billiton in 2005.

Shares in Western Metals were one cent, or 7.14 per cent, higher to 15 cents at 1121 AEDT

well smiler - looks cheap to me at this price ... historic lows of mid 80s have been seen before.

Yes it was cheep could buy @ 109 yesterday :)))) NOW LOOK ! Got it right at last !

practice makes perfect Smiler!

ajcc smiler what we should do is get together as I have this great skill of selling shares then within a week they double treble and so on, So what i'll do for a small fee is give you the heads up when I sell and bobs your uncle you make money! what do you think, Flasher the deaf dog

i tell you what flasher, i too have a marvelous gift..... i tell all my friends/family about the next 'hot' stock which we all pile into. This hot tip then halves at which point we all bale out nursing big losses. Imediately after we all bale out the tip then does what i thought it would (trebles at least) ...... but of course too late for us all now! I won't stop until all my nearest and dearest are bankrupt!

Its only money !! :))

true smiler - you have to laugh!

Gladstone Pacific Nickel Limited
14 December 2007


GLADSTONE PACIFIC NICKEL LIMITED (\'Gladstone\' or \'the Company\')
(ACN 104 261 887)

GLADSTONE TARGETS CHINAFOR GROWTH AND PROJECTDEVELOPEMENT

The new chairman of Gladstone Pacific Nickel Limited (\'Gladstone\') Professor
Clive Palmer is currently in China supported by the Managing Director of the
Company Mr John Downie and another executive of the Company, negotiating with
Chinese State owned companies the development of Gladstone\'s Nickel Project.

\'Gladstone is seeking to formalise a strategic relationship with state owned
companies for the development of Gladstone\'s Nickel Project\' Mr Palmer stated
and went on to say \'In essence Gladstone is seeking confirmation from Chinese
groups of the following:

1. a turn-key EPC contract for the construction of the Gladstone Nickel
Project with suitable Chinese construction groups,

2. access to Chinese project funding,

3. access to long term sales arrangements for the Gladstone\'s proposed
output of Nickel, and

4. possible participation by Chinese state owned companies in Gladstone share
capital.\'

Gladstone\'s Gavin Becker and John Downie have been involved in technical
presentations in meetings with Chinese companies during the current week. The
Gladstone team will return to Australia and begin reviewing the results of the
China initiative next week and will embark on positive planning for the Project
in 2008.

ENDS

a nice tic up ajcc, may see that 200 again this year ?

yes Smiler, GPN seems to be heading north after a period of stagnation. Changes at the top, closer ties with China and a RAB lawyer on the board bodes well for the coming year - i suspect we shall see a lot higher profile of this under the radar share.....

Gladstone Pacific Nickel Limited
02 January 2008


GLADSTONE PACIFIC NICKEL LIMITED ('Gladstone' or 'the Company')
(ACN 104 261 887)

Suspension of Shares from trading on AIM

Gladstone notes the announcement from the London Stock Exchange that the
Company's shares have been suspended from trading on AIM. The situation has
followed the decision of the Company's previous NOMAD, Insinger de Beaufort,
to cease to provide NOMAD services to the Company from 31 December 2007.

The Company has been in discussion with an alternative NOMAD, which is currently
completing its due diligence on the Company. This is expected to be complete in
mid-January 2008.

Further comment HERE

Gladstone Pacific Nickel Limited
11 January 2008

11 January 2008
GLADSTONE PACIFIC NICKEL LIMITED

APPOINTMENT OF ADVISER

Gladstone Pacific Nickel Limited ('Gladstone') announces the appointment of
Grant Thornton Corporate Finance as Nominated Adviser to the Company with
immediate effect.

Gladstone's shares will be readmitted to trading on the AIM Market with effect
from 9am today.

:)

Gladstone Pacific Nickel Limited
18 January 2008


GLADSTONE PACIFIC NICKEL LTD

ACN (104 261 887)
('Gladstone'' or 'the Company')

Feasibility Study Results

GLADSTONE NICKEL PROJECT FEASIBILITY STUDY SHOWS US$625 MILLION PROFIT AFTER TAX
& INTEREST IN FIRST YEAR OF FULL PRODUCTION

The Managing Director of the Company, Mr John Downie, announced today the final
financial results of the Feasibility Study for Stage 1 of the Gladstone Nickel
Project ('the Project') ('IDFS').

The study demonstrated, in the first year of full production assuming a two year
ramp up that the Project is expected to generate gross revenues of US$2,417
million and Earnings Before Interest, Tax, Depreciation and Amortisation
('EBITDA') of US$1,373 million at real 1st January 2008 terms using current
prices and exchange rates. Profit after tax and interest from the Project, in
the first year of full production, is projected to be US$625 million in real
terms at a gearing ratio of 70% debt for a 10 year loan period with an interest
rate of 8.5% per annum.

'The study analysis confirmed the Project net present value ('NPV') at US$4,322
million(1) using an 8% discount rate and current prices and exchange rates. The
Directors believe this is one of the most advanced projects in the nickel
pipeline. It is situated in a low sovereign risk environment, and it has strong
economics as well as potential for significant expansion.' Mr. Downie said.

The previously reported cash unit operating cost as announced on 25th October
2007 has been revised from US$2.19 to US$2.71 per pound of nickel, net of
by-product credits, due to overseas ore being indexed to the nickel price and
due to a change in exchange rates. The capital cost, also reported in the 25th
October 2007 market release has also been revised from US$3,400 million to
$3,656 million as a result of a change in the exchange rates.

The Company plans to build one of the world's largest nickel and cobalt
production facilities at its site in Queensland, Australia, treating 100% owned
ore inventory from Australia together with ore from its Joint Venture in the
South West Pacific. Stage 1 of the Project comprises a two autoclave plant
including atmospheric leach at Gladstone, producing refined nickel and cobalt
metal. The plant will process Marlborough ores blended with substantial tonnages
of ore imported from Gladstone's joint venture in New Caledonia. The plant can
expect to produce up to 64,753 tonnes of nickel and 6,164 tonnes of cobalt in
the first year of full production.

LONDON (Thomson Financial) - Gladstone Pacific Nickel said that it expects its profit after tax and interest from stage 1 of its nickel project in Queensland, Australia to be 625 mln usd in its first full year of production.

The company also expects earnings before interest, tax, depreciation and amortisation from the project of 1.37 bln usd and gross revenues of 2.42 bln usd.

Gladstone said the operating cost as announced on Oct 25 2007 has been revised to 2.71 usd per pound of nickel from 2.19 usd per pound due to change in exchange rates.

The company said that stage 2 of the project involves expansion to four autoclaves, after which the company will produce around 120,000 tonnes of nickel annually and 12,000 tonnes of cobalt.

The total project, once completed, would place Gladstone as one of the world's most significant nickel and cobalt producers, the company said.

Gladstone Nickel Project Feasibility Study shows US$625 million profit after tax and interest in first year of full production.

Background

Stage 2 of the Project involves expansion to four autoclaves whereupon the Gladstone Nickel Project (GNP) will produce approximately 120,000 annual tonnes of nickel and 12,000 annual tonnes of cobalt. The total Project, once completed, would place Gladstone as one of the worlds most significant nickel and cobalt producers.

The IDFS for Stage 1 of the Project is based on the Gladstone plant being supplied with a blend of Marlborough ore (~30%) and east coast New Caledonian ore (~70 %). Marlborough is a key element of the Project, providing secure local ore supply and risk mitigation for any foreign ore supply disruptions. Detailed mine plans and costs have been completed at the Marlborough deposits. The majority of the overseas ore required for the plant is to be obtained from a Joint Venture between SociMinie Georges Montagnat and the Company under an arms length laterite ore purchase arrangement (as announced on the 20th August 2007). Drilling is now underway to generate a JORC compliant mine ore reserve for the JV deposits. Overseas ore costs also include the direct purchase of 800,000 tonnes of ore per annum from Socides Mines de la Tontouta, a company that owns nickel mines and numerous nickel tenements on the east coast of New Caledonia.

Outputs from Financial Model Unit
Current

Real NPV @ 8% Discount Rate, 100% equity after Tax US$M
4,322

IRR %
17.6%


KPIs in First Year of Full Production
Nickel Production tonne
64,753

Cobalt Production tonne
6,164


C1 cash cost after credits US$/lb
2.71

Free Cash Flow US$M
989

EBITDA US$M
1,373



Major Input Variables (Real basis Jan 2008)
Nickel Price US$/lb
12.89

Cobalt Price US$/lb
44.00

AUD:USD AUD:USD
0.8852

Sulphur Price (FOB Vancouver) US$/tonne
420

Capital Cost at relevant exchange rate US$M
3,656

The consumption rates of reagents and consumables have been estimated by Aker Kvaerner Australia Pty Ltd as part of their role in completing the IDFS. Prices for key reagents have been based on current prices in January 2008. In addition, shipping costs have been calculated based on 10 year long term shipping contract rates provided by industry experts.

A comprehensive labour list has been developed for the proposed operations with an estimated 530 employees required at the Gladstone plant. Labour rates have been based on industry surveys in the Gladstone region.

Maintenance material costs for the refinery were estimated at US$40 million per year based on percentages of direct capital costs of plant, equipment and infrastructure. Additional mine maintenance estimates were provided by mining consultants IMC Consultants Pty Ltd and SRK Consulting Pty Ltd for both Marlborough and New Caledonia respectively.
Average expected feed grades from the mines are expected to produce nickel metal of 63,952 tonnes per annum and cobalt of 6,114 tonnes production per annum for the first 10 years of full production in Stage 1.

Gladstone Pacific Nickel Limited
30 January 2008

Gladstone Pacific Nickel

30 January 2008

Gladstone Pacific Nickel Signs MOU with Chinese Conglomerate to Accelerate
Construction & Financing of Major Project

Gladstone Pacific Nickel Ltd ('GPNL' or 'the Company') today announced the
Company had executed a Memorandum of Understanding ('MOU') for the development
of its $3.65 billion Gladstone Nickel Project (the 'Project') with one of
China's largest conglomerates.

The MOU with China Metallurgical Construction (Group) Corporation ('MCC') signed
by the Company's Chairman Professor Clive Palmer and MCC President Mr. Shen
Heting.

Under the agreement MCC will provide a commercial offer for construction and
financing of the Project, with the potential to establish an off-take agreement.
GPNL will be responsible for operations of the Project.

Highlights of the MOU

MCC has confirmed it is prepared to provide a commercial offer for the
construction of the entire Project; and will send its technical team to
Australia to work with GPNL to evaluate the full construction specification for
the Project within 60 days. MCC has further confirmed its intention to provide a
turn-key Engineering, Procurement and Construction ('EPC') offer for the
construction of the Project.

MCC will establish a special team to meet with the Company to discuss
and finalise the turn-key EPC contract specifications. The Company believes the
MCC offer will be commercially competitive and provide guarantees for the
construction price and EPC process. The parties will work together to enable MCC
to prepare a commercial proposal and offer for the turn-key EPC construction of
the entire Project by 21st July 2008. The target date for construction to
commence in Australia is 31st October 2008 with a target to complete turn-key
construction by 30th April 2011.

MCC has also offered to finance or assist in arranging finance
sufficient to fund the Project from Chinese banks. GPNL has requested and MCC
has agreed to consider coordination of the sale and off take of nickel in China.

Upon execution of the turn-key EPC construction contract for the
Project, MCC intends to invest equity (in an amount to be agreed) in the shares
of GPNL.

MCC has an exclusive right to negotiate and finalise financing and
construction agreements until September 2008.

Today's announcement is in line with the Board's strategy of targeting and
dealing with China and the growth opportunities it offers. The Company appointed
a full-time General Manger to Beijing in December 2007. (See announcement dated
20th December 2007)

GPNL Managing Director Mr. John Downie said 'I am particularly pleased with the
strong commitment MCC has given to the Project following the recent announcement
of the financial results of the Project feasibility study.'

The financial results of the feasibility study for Stage 1 of the Project showed
US$625 million of profit after tax and interest in the first year of full
production and a net present value of US$4,322 million. (See announcement dated
18th January 2008)

'This agreement is another major step forward for our world-class nickel project
in Gladstone', Mr Downie said.

Newly appointed GPNL Chairman Professor Clive Palmer said, 'The new Board
composition has a renewed vigor to develop the Gladstone Nickel Project and a
commitment to ensure GPNL achieves its full potential as a world-leading company
providing appropriate shareholder returns'

'The GPNL team has achieved an outstanding result in obtaining the proposed
co-operation with MCC', Professor Palmer said.

'MCC is currently constructing a large resource project in Australia and has a
presence in our country which will be invaluable in achieving an excellent
result for MCC, GPNL and shareholders', he said.

As provided for in the Share Subscription Agreement announced on 11 December
2007, a related party of Chairman Professor Palmer, Egidia Pty Ltd, will earn a
33% interest in the ordinary shares of GPNL subsidiary Marlborough Nickel Pty
Ltd as a result of the execution of this MOU, though this will be diluted to 25%
on the securing of financing arrangements for the Project.

Transocean Group Pty Ltd (Transocean), a related party of Director Mr Henderson,
is entitled to a success fee of $1 million payable by the issue of shares in the
Company at an issue price of 1.20 following the signing of the MOU. These new
ordinary shares will be issued and notification of the issue made in due course.

ENDS

Highlights of the MOU

MCC has confirmed it is prepared to provide a commercial offer for the construction of the entire Project; and will send its technical team to Australia to work with GPNL to evaluate the full construction specification for the Project within 60 days. MCC has further confirmed its intention to provide a turn-key Engineering, Procurement and Construction (EPC) offer for the construction of the Project.
MCC will establish a special team to meet with the Company to discuss and finalise the turn-key EPC contract specifications. The Company believes the MCC offer will be commercially competitive and provide guarantees for the construction price and EPC process. The parties will work together to enable MCC to prepare a commercial proposal and offer for the turn-key EPC construction of the entire Project by 21st July 2008. The target date for construction to commence in Australia is 31st October 2008 with a target to complete turn-key construction by 30th April 2011.
MCC has also offered to finance or assist in arranging finance sufficient to fund the Project from Chinese banks. GPNL has requested and MCC has agreed to consider coordination of the sale and off take of nickel in China.
Upon execution of the turn-key EPC construction contract for the Project, MCC intends to invest equity (in an amount to be agreed) in the shares of GPNL.
MCC has an exclusive right to negotiate and finalise financing and construction agreements until September 2008.

Gladstone Pacific Nickel Limited
31 January 2008

31 January 2008

GLADSTONE PACIFIC NICKEL LIMITED
ACN (104 261 887)

Appointment of directors - additional information

Gladstone Pacific Nickel Limited ('Gladstone') announces, further to the
announcement 'Board restructure to make way for project construction' dated 11
December 2007, the additional information required to be disclosed in accordance
with the AIM rules for the appointment of directors.

This information relates to the following Directors of the Company who were all
appointed to the Board with effect from 11 December 2007:

Clive Palmer;
Domenic Martino;
Geoff Smith; and
Benjamin Hill.

Gladstone Pacific Nickel Limited
07 February 2008

7 FEBRUARY 2008

GLADSTONE PACIFIC NICKEL LIMITED
(ACN 104 261 887)

GLADSTONE PACIFIC NICKEL LTD TO DE-LIST
FROM THE TORONTO STOCK EXCHANGE


Brisbane, Australia: - Gladstone Pacific Nickel Ltd ('GPN' or the 'Company')
today announced that it has decided to de-list its ordinary shares from the
Toronto Stock Exchange (the 'TSX') effective at the close of trading on February
22, 2008. The Company's shares continue to be listed on the AIM of the London
Stock Exchange. Shareholders holding shares listed on the TSX at the effective
de-listing date will be able to trade their shares on the AIM.

The Company's Chief Executive John Downie commented:

'The decision to de-list the Company's shares from the TSX was based on several
factors including the Company's limited market following in Canada, the costs
and management resources involved in maintaining the TSX listing and the recent
shift to Asian sources of financing with the signing of the Memorandum of
Understanding with China Metallurgical Construction (Group) Corporation'

The Company has been unable to achieve a significant following on the TSX
however it continues to enjoy strong support on AIM. The focus, from both an
operational and financial perspective, is now on the Asia Pacific region and as
a result a TSX listing is no longer aligned with the Company's strategy. The
company will consider capital markets in the Asia Pacific region, such as the
Australian Stock Exchange, to meet its future capital requirements.

Gladstone Pacific Nickel Limited
29 February 2008

29 February 2008



GLADSTONE PACIFIC NICKEL LIMITED

ACN 104 261 887

APPOINTMENT OF BROKER




Gladstone Pacific Nickel Limited ('Gladstone' or 'the Company') is pleased to
announce the appointment of Arbuthnot Securities Limited ('Arbuthnot') as Broker
to the Company with immediate effect.



Recent advances in the Gladstone Nickel Project ('the Project') such as the
signing of a Memorandum of Understanding with China Metallurgical Construction
(Group) Corporation for financing and construction of the Project and the
release of the Feasibility Study results have created the need for the Company
to more proactively manage its shareholder interests.



Gladstone Chief Executive officer John Downie said, 'We identified Arbuthnot as
a key partner in the investor management process due to their strong reputation
in the UK and extensive experience in the mining sector.'

Gladstone Pacific Nickel Ltd



31 March 2008



INTERIM RESULTS FOR THE SIX MONTHS TO 31st DECEMBER 2007



Gladstone Pacific Nickel Limited (AIM Code: GPN) today released their unaudited
interim results for the six months ended 31st December 2007 and confirmed the
Company remains on-track to deliver a world-class US$3.656 billion nickel
project in the industrial port of Gladstone, Australia.



Gladstone Pacific Nickel Limited's ('the Company' or 'GPNL') Chief Executive
Officer John Downie said GPNL was pleased with the progression of the Project
and the numerous activities currently underway to bring the refinery into
construction.



'The interim results were in-line with the expectation of the Company at this
stage of development. The last six months saw substantial progress achieved
across a number of ongoing issues and activities.' Mr Downie said.



The Company reported interim revenue from Ordinary Activities of A$1,213,342
(532,900*) and Expenses of A$2,819,678 (1,238,402*). The loss for the period
(after Income Tax Expense) was A$3,563,935 (1,565,280*) representing a loss of
A$0.095/share (0.04/share*). Shareholder equity at 31 December 2007 stood at
A$86,417,824 (37,954,708*).



Exploration and evaluation expenditure for the period of A$8,684,493 (
3,814,229*) was capitalised to deferred exploration and evaluation costs. Cash
on hand as at the end of the period was A$31,093,645 (13,656,329*).



Highlights



Re-focussed strategy to concentrate on the Asia-Pacific region. Delisted
from the Toronto Stock Exchange.

Signed Joint Venture Agreement with Societe Miniere Georges Montagnat
that provides GPNL a 49% interest in Nickel ore tenements in New Caledonia.

Completed drilling program to substantiate historical results on the
Joint Venture tenements and commenced an 8,000 metre drilling program in
February 2008.

The Environmental Impact Statement completed and Supplement is under
consideration by Queensland's Coordinator-General.

GPNL finalised a A$33 million Land Purchase Agreement with the
Queensland Government.

Feasibility Study results

A change in board composition to provide additional strength and skill
to fast track the Project to construction.

Appointment of General Manager, China to further GPNL's interest in the
country.

Management projections based on global nickel market trends, indicate
that at current nickel prices the project would be extremely profitable.

can anyone work out whether the last rns on holdings was rab accumulating a bit of gpn stock or shedding.....

Australia's nickel capital has a rich life ahead
In 2000 Kambalda as the nations nickel mining heart was unloved and looking at perhaps a decade of life ahead providing the nickel price improved. The pathfinder company that restarted mines on the Kambalda and Widgiemooltha domes has painted a powerful picture for the next 20 years.

Author: Ross Louthean
Posted: Friday , 09 May 2008

PERTH -

The managing director of Mincor Resources NL (ASX: MCR), David Moore, painted a picture at RIUI's Resources Round-Up in Sydney of not only a strong mining performance for the company ahead but also one of great confidence for major new discoveries.

Two other companies that acquired mines from WMC Resources (before it was taken over by BHP Billiton) - Independence Group NL (ASX: IGO) and Sally Malay Mining (ASX: SMY) -- in partnership with Canada's Brilliant Mining -- have also been producing stellar profits and strong production performances.

Moore said that since starting mining, initially on the Miitel mine in 2001 the company has discovered 89,000 tonnes of contained nickel from exploration on five ore systems.

To illustrate this he pointed to the Miitel mine where drilling into the plunging lava flows the company had discovered North Miitel and South Miitel. The perception, Moore said was that these plunging systems have unexplored extension both north and south for 3.2 kilometres at both ends.

"To achieve a further 20 years of production at 20,000 tonnes per annum, Mincor needs to discover 1,060t per ore system per year," he said.

Mincor has been able to find extensions to 12 ore systems in the Kambalda-Widgiemooltha region and was now targeting a whole new ore system on its leases called Strong Ultra-Sized Nickel Ore Body (USNOB) targets. Two of these were an interpreted extension of Independence Group's Long shaft extending into Mincor's ground and a channel-like feature in a basal contact parallel to the deep Otter Juan mine which Mincor acquired recently.

Mincor has had strong profits since 2001, helped by the upward movement of the nickel price from 2002 and it has paid regular dividends since 2001 and today has $A110 million ($US103.4 M) cash and no debt.

The forecast production for 2008 was to achieve between 17-18,000t of contained metal and achieving the 20,000 tpa in 2009. (All Kambalda nickel miners deliver their ore to BHPB's concentrator at Kambalda).

On the Kambalda Dome, Mincor has the Otter Juan and Coronet mines in production, revived mining at both Carnilya Hill and McMahon under construction and a feasibility study on the Durkin mine. On the Widgiemooltha Dome, the operating mines are Miitel, Mariners, Redross and the hard-to-kill Wannaway, the Mariners No 9 project is on "drill out" and the Stockwell prospect was in advanced production.

RNS Number : 1698X
Gladstone Pacific Nickel Limited
20 June 2008



GLADSTONE PACIFIC NICKEL LTD

ACN (104 261 887)

('Gladstone'' or 'the Company')




UPDATED FEASIBILITY STUDY FINANCIAL RESULTS




Gladstone Nickel Project Feasibility Study shows an NPV of US$2.331 billion at current prices with an updated Profit after Tax and Interest in first year of full production of US$538 million.




The Managing Director of the Company, Mr John Downie, announced today the updated financial results of the Feasibility Study for Stage 1 of the Gladstone Nickel Project ('the Project') ('IDFS').




'The Company regularly monitors the effect of changes in key input assumptions, such as Nickel, Cobalt and Sulphur prices and exchanges rates, on the financial results and will provide updated financial results to the market where the effect is significant' he said.




As a result of this monitoring the Company believes that recent changes to these key inputs would have a significant effect on the IDFS financial results and therefore the results announced on 18th January 2008 have been revised.




In spite of the negative effects of lower nickel prices and a stronger Australian dollar the project financials remain strong. Gross Revenue in the first year of full production, assuming a two year ramp up, is expected to be US$2,043 million per year, US$374 million lower than previously announced whilst EBITDA is US$1,019 million, down US$354 million. Projected profit after tax and interest in the first year of full production has been revised from US$635 million to US$538 million in real terms at a gearing ratio of 70% debt for a 10 year loan period and an interest rate of 8.5%.




Cash operating cost for the Project has been revised from US$2.77 to US$2.38 per pound of nickel net of by product credits, due to nickel price, cobalt price and exchange rate movements. The Project net present value ('NPV') is US$2,331 million (*see note below) using an 8% discount rate and commodity prices and exchange rates as at 30 May 2008. This compares to an NPV of US$4,322 million reported in January.




The capital cost, also reported in the 18th January 2007 market release has been revised to US$3,840 million from US$3,656 million. The Directors believe that the Company's association with China Metallurgical Construction (Group) Corporation ('MCC'), based on MCC's prior experience, will reduce the capital cost.




These changes are not expected to affect planned production and the plant can expect to produce up to 64,753 tonnes of nickel and 6,164 tonnes of cobalt in the first year of full production which is expected to be 2015.

(Note: Refer background table of financial outputs, KPI's and major input variables.)




Enquiries to:
John Downie, Chief Executive Officer - Gladstone Pacific Nickel Tel: +61 (0) 7 3231 7100
Fiona Owen - Grant Thornton Corporate Finance Tel: +44 207 383 5100
Simon Rothschild - Bankside Consultants Tel: +44 207 367 8888




This news release includes certain statements that may be deemed 'forward-looking statements'. All statements in this news release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration success, continued availability of capital and financing, and general economic, market or business conditions.




Background

Outputs from Financial Model
Unit
Current

Real NPV @ 8% Discount Rate, 100% equity after Tax
US$M
2,331

IRR
%
13.42%








KPI's in First Year of Full Production





Nickel Production
tonne
64,753

Cobalt Production
tonne
6,164








C1 cash cost after credits
US$/lb
2.38

Free Cash Flow
US$M
751

EBITDA
US$M
1,019








Major Input Variables (as at 30 May 2008)





Nickel Price
US$/lb
9.96

Cobalt Price
US$/lb
47.25

AUD:USD
AUD:USD
0.9564

Sulphur Price (FOB Vancouver)
US$/tonne
420

Capital Cost at relevant exchange rates
US$M
3,840


The consumption rates of reagents and consumables have been estimated by Aker Kvaerner Australia Pty Ltd as part of their role in completing the IDFS. Prices for key reagents have been based on current prices in January 2008. In addition, shipping costs have been calculated based on 10 year long term shipping contract rates provided by industry experts.

A comprehensive labour list has been developed for the proposed operations with an estimated 530 employees required at the Gladstone plant. Labour rates have been based on industry surveys in the Gladstone region.

Maintenance material costs for the refinery were estimated at US$40 million per year based on percentages of direct capital costs of plant, equipment and infrastructure. Additional mine maintenance estimates were provided by mining consultants IMC Consultants Pty Ltd and SRK Consulting Pty Ltd for both Marlborough and New Caledonia respectively.

Average expected feed grades from the mines are expected to produce nickel metal of 63,952 tonnes per annum and cobalt of 6,114 tonnes production per annum for the first 10 years of full production in Stage 1.

What do you make of last RNS ajcc ?

smiler .... for all that RNS initialyy reads pretty positive, it is actually substantially based on hypothesis ..... personally i wouldn't touch it ....... real minnow at 37m cap and minute average volume of about 7k daily implies total illiquidity, apart from the the lack of hard fact to support much of the RNS above

Yes ... it all looks good on paper ?

Find me some banks prepared to pump 2billion into a project where the company has a market cap of 40m you must be joking! Next stop 10p.

China ! 10P .. HMM Dont think so ..

funny old share this Smiler..... markets as they are plus slide in nickel price and surplus Ni stockpiles mean this may slide further until one or more of the factors above changes. Let's see what the chinese do?

yes keeping an eye on this one !! ;)

Awful chart could still drop off a fair bit, just e-mailed them to ask what is going on or what is not!!!!

Yes flasher !! Well bad time's for All Still below the Radar but at this level I think its a strong Buy IMHO ... like FOGL !! ; )

yes waiting for FOGL to bottom out then im in like a Flash

is that a jumping jack flash flasher? i bought 2 x lots of 500 of these today - came up as ? on the trades - can confirm they are buys. (will prob drop like a stone as a result!)

ps Smiler/Flasher, 1 bought 500 worth of fogl too - missed the bottom but still look cheap to me

like the look of Western Zagros Resources too.... on the TSX and in Kurd controlled N.Iraq but lots of potential to go boom (both ways....)

Sounds good ajcc ;) I do like the potential of GPN, and FOGL !

chinese dont give damn about present nickel stockplie. china only give damn about 20 year supply story. china need nickel for next 20 year and dont want to let bhp and crony extort them on high price. china build gpn project and get 10% of world nickel supply for self. hahahahahah, that china strategy for world domination. you stupid westerner never understand china strategy. that what make us strong.

so in the possible words of a 'china man' this will go ahead. IMO. but idont think the risk reward is quite there yet, best to wait for some movement IMO.

china should leave tibet alone and stop torturing them in their own barbaric and disgusting way.
china should stop sending arms to mugabe.......and stop giving arms to burma....and darfur

the chinese authorities are a brutal and evil regime

There is movement and its Down KP !! ajcc how low ?

GLADSTONE PACIFIC NICKEL LIMITED (ACN 104 261 887)

('GPNL' or 'the Company')




GPNL FINALISES SHARES TO BE ISSUED TO JOINT VENTURE PARTNER




GPNL is pleased to announce an amendment to its agreement with SociMinie Georges Montagnat ('SMGM') and its shareholders, with whom GPNL have agreed to establish an incorporated mining joint venture ('JV') in New Caledonia, as announced on 20 August 2007. The JV Company has been incorporated and has obtained approval for exploration of the tenement area covered by the JV. An extensive drilling campaign commenced in February 2008 to confirm the resource potential to JORC standards.




Under the original agreement, approved by the Company's shareholders on 22 November 2007, GPNL had agreed to issue approximately 12 million shares to the SMGM shareholders, in August 2010. The exact number of shares was to be determined using a formula based on the GPNL share price at the time of issue of the shares. GPNL has now agreed to issue a fixed 15 million shares to SMGM in August 2010, as an amendment to this agreement. All other conditions of the SMGM agreement remain unchanged.




John Downie, GPNL CEO said, 'Fixing the number of shares to be issued gives GPNL certainty as to how many shares may be issued in the future and enables other transactions to be entered into in progressing the funding of its Gladstone Nickel Project. Fixing the number of shares avoids the possibility of a higher number of shares being required to be issued under the original formula and also gives the shareholders in SMGM certainty over their interest in GPNL'




Following the finalisation of certain administrative matters, GPNL will acquire an initial 1% shareholding in the JV entity and the right to appoint half the JV Company's directors. In return the shareholders of SMGM will be offered a seat on the GPNL board.




The issue of the fixed 15 million GPNL shares, in August 2010, will be consideration for the purchase of an additional 48% interest in the JV entity taking GPNL's interest in the JV entity, at that time, to 49%.




;) the games a foot

yeah but what about this dilution the 50% that palmer gets gives no value for the gpn business or assets - the land in gladstone, the people, permits, planning, feasibility studies, JV with new caledonia? or am i misunderstanding that ediga and the other company are more than shell companies?

:)

did you get any KP ? ajcc at least it moved !

it did Smiler - interesting news - just trying to decipher what it all means for the PI.....

With this latest news you would expect this share to fly now, but in these markets it may not what do you think ajcc/smiler

GLADSTONE PACIFIC NICKEL LTD

ACN (104 261 887)

('GPNL'' or 'the Company')




GPNL TERMINATES ORE SUPPLY HEADS OF AGREEMENT WITH SMT




As announced on 22 July 2008, the cross equity participation arrangements on the Ouinne SAS JV have now been fixed with SociMinie Georges Montagnat ('SMGM'). GPNL today announces the termination of its Heads of Agreement ('HOA'), to secure limonite nickel ore supply from New Caledonia, with Socides Mines de la Tontouta ('SMT').




The agreement with SMT provided GPNL with an option, upon payment of an additional option fee before 1 January 2008, to participate in the development of a new mine in New Caledonia. The date for payment of the option fee was extended, however, despite the efforts of both parties; the lack of success in obtaining access to the tenements for drilling purposes, has resulted in the Company electing not to exercise its option.




GPNL's CEO, Mr. John Downie, said, 'It became clear that access to the proposed new SMT mine site, to initiate drilling activities and then to continue with ultimate development, would be difficult and take a considerable amount of time. The Company's objectives will be better served by focusing its resources at other more immediate opportunities.'




Mr. Downie further added, 'GPNL's Feasibility Study (iDFS) did not include the supply of ore from the location under this HOA with SMT. Instead, it assumed that ore would be sourced from the Company's JV with SMGM at Ouinne in New Caledonia. Drilling is progressing at Ouinne with 3,871 metres of its 8,000 metre program complete.'




The iDFS included the purchase of 600,000 to 800,000 wet metric tonnes of limonite nickel ore per annum from SMT's existing mines under the HOA. The Company will however now source this ore from Ouinne through its Joint Venture with SMGM subject to appropriate approvals being granted by New Caledonian authorities.




'The Company continues to progress development of its ore resource base and will continue to work with SMT, outside of the previous HOA, to explore additional resource opportunities' said Mr. Downie.

Gladstone Pacific Nickel says terminates ore supply heads of agreement with SMT
AFX


LONDON (Thomson Financial) - Gladstone Pacific Nickel Ltd. said it has terminated the ore supply heads of agreement from New Caledonia with Socie des Mines de la Tontouta (SMT).

It said the agreement with SMT provided the company with an option, upon payment of an additional option fee before Jan.1, 2008, to participate in the development of a new mine in New Caledonia.

The company said it will now source limonite nickel ore from Ouinne through its joint venture with Socie Minie Georges Montagnat (SMGM) subject to approvals.

Separately, it said it has received a commercial offer for the turnkey procurement and construction contract from MCC.



tf.TFN-Europe_newsdesk@thomson.com

flasher I agree it should have done better !! I dont think this share has the following like TMC etc still has a lot of potential especially at 63p ! with luck Just a matter of time with this One ! ;)

30 July 2008

GLADSTONE PACIFIC NICKEL LIMITED (ACN 104 261 887)

('GPNL' or 'the Company')

SIGNIFICANT PROPOSAL RECEIVED

To enter into discussions regarding a merger




GPNL has received a proposal to enter into discussions regarding a merger with Resource Development International Ltd ('RDI'), an unlisted company controlled by GPNL's chairman, Clive Palmer (the 'Proposal').




Under the Proposal, GPNL shareholders would exchange their shares in GPNL for shares in RDI valued at 2.20 per GPNL share, based on RDI's IPO share price. The Proposal envisages that the merger would be implemented by way of a scheme of arrangement under the Corporations Act which would, amongst other things, require GPNL shareholder approval.




Clive Palmer holds approximately 13.95% of the shares in GPNL. Clive Palmer and Mr Domenic Martino are directors of RDI and GPNL.




Resource Development International Ltd

RDI is a company which has recently been formed to acquire substantial iron ore, nickel, exploration and energy interests. RDI is planning a proposed A$5 billion IPO in late 2008 and listing on the Hong Kong Stock Exchange ('HKSE') and/or the Australian Securities Exchange ('ASX').




RDI Proposal

The Proposal does not constitute a formal offer by RDI for GPNL shares. Should the Proposal be accepted by the Board of GPNL, a Scheme Implementation Agreement would be executed between RDI and GPNL to progress the opportunity.




At present, the proposed terms and key features of the Proposal are:




RDI will offer to acquire all shares in GPNL for shares in RDI by means of a scheme of arrangement;




The Proposal places a notional price of 2.20 on each GPNL share. The Proposal provides that the consideration to be offered to GPNL shareholders will consist of RDI shares, with the number of RDI shares to be issued for each GPNL share to be determined by dividing the sum of 2.20 by the UK currency equivalent of the price of an RDI share offered under RDI's disclosure document for its proposed IPO. It is not known at this stage what percentage interest GPNL shareholders would hold in RDI as a result, but it is likely to be a minority interest;




The proposed merger would be conditional on RDI listing on the HKSE. It is understood RDI may also consider applying to list on the ASX;




Details of the timing of the proposed merger and the listing of RDI have yet to be determined, however, it is proposed that the merger and the listing would be completed by late 2008;




The merger would be conditional on Australian capital gains tax rollover relief being available to GPNL's Australian resident taxpaying shareholders, mutual due diligence, material adverse changes and other conditions usual for a transaction of this nature;




Any scheme would be subject to the approval of GPNL's non-associated shareholders, Court approval and any other necessary regulatory approvals;




It is proposed that option holders would be required to cancel their options in exchange for cash consideration equal to the difference between the price paid by RDI for GPNL shares and the exercise price of the options.




Should terms of a proposed merger be agreed between RDI and GPNL, GPNL shareholders would be provided with an independent expert's report as to whether the proposal is in the best interests of GPNL shareholders;




Under the proposal, GPNL would become a subsidiary of RDI. The assets of GPNL would form part of RDI's proposed diversified asset base.




Implications for the EGM to be held on 14 August 2008

On 22 July 2008, GPNL gave notice of an Extraordinary General Meeting ('EGM') to be held on 14 August 2008. The EGM has been called to obtain shareholder approval for certain transactions with Mr Palmer.




Resolution 3 in the Notice of Meeting sought Shareholder approval for the introduction of an alternative event to trigger Mr Palmer's entitlement to a 25% interest in Marlborough Nickel Pty Ltd ('MNPL'). This possible future event being the making of an unconditional takeover bid or the completion of a takeover via a scheme of arrangement, by Resource Development International Limited, a Company associated with Mr Palmer and Mr Martino, at a minimum price of 2.20.




The following conditions were set out for this possible future takeover via scheme of arrangement:

Approval by a meeting of GPNL shareholders and by a court of competent jurisdiction under section 411(6) of the Corporations Act, of a scheme under which RDI will acquire all of the issued Shares in GPNL in which it does not already have a relevant interest in exchange for shares in RDI, at a value equal to or exceeding 2.20 per GPNL share; and

RDI raises at least US$1 billion in cash and RDI's shares are quoted on the Hong Kong Stock Exchange (or such other recognised stock exchange of a size and liquidity acceptable to GPNL); and

The scheme is approved by a court of competent jurisdiction on or before 31 December 2008 or, at the absolute discretion of GPNL, a date no later than 90 days after 31 December 2008.

If shareholders approve Resolution 3 and a merger by scheme of arrangement with RDI, meeting all of the above conditions, is completed then Mr Palmer would be entitled to convert the convertible shares in MNPL held by Dasines into ordinary shares in MNPL. This would result in the completion of the acquisition of Dasines by GPNL subject to shareholder approval being obtained for Resolution 2 at the EGM. Full details of these transactions are contained in the Notice of Meeting and Explanatory Memorandum sent to shareholders.




The board had contemplated the potential for such a Proposal and this was the motivation for amending the milestones to include a control transaction as set out in Resolution 3.

Shareholders should consider this information when deciding on how to vote on the Resolutions at the EGM and also refer to the information in section 3 of the Explanatory Memorandum.

Shareholders should also note that, even though RDI has made this Proposal, there is no certainty that agreement will be reached or that a control transaction will occur.

Next Steps

Having received the Proposal, the Board is under a duty to consider it and to determine whether it is in the interests of shareholders to pursue it. A Board committee of non-associated directors of GPNL will be formed to consider the proposal and conduct negotiations on behalf of the Board. The Board committee will consider the Proposal and its implications for all GPNL shareholders, and will make a recommendation to GPNL's shareholders in due course.




Advisors will be appointed to assist in the further negotiation and consideration of the proposal and the implementation of any agreed scheme.




All other project and corporate activities of the Company will continue as normal.

smiler can we take this proposal from Palmer/RDI seriously? Will RDI manage to raise $1billion from its IPO or is this all the usual "pie in the sky"?

Thats the big question AND I don't know for sure but I think it stands a good chance at 220.. and in this market ?, I for one would vote yes + I don't think RAB would take less ?? but time will tell !

GLADSTONE PACIFIC NICKEL LTD

ACN (104 261 887)

('GPNL'' or 'the Company')




Resource Development International Limited to acquire
Gladstone Pacific Nickel Limited

RDI to acquire GPNL by scheme of arrangement for scrip consideration of 2.20 for each GPNL share, based on RDI's IPO share price.

The proposed acquisition is conditional on RDI listing on the HKSE or the ASX and raising a minimum of A$1 billion in cash.

Details of the timing of the proposed acquisition and the listing of RDI have yet to be determined, however, it is proposed that the acquisition and the listing would be completed by late 2008.

If the GPNL scheme is approved, GPNL will become a 100% owned subsidiary of RDI. The assets of GPNL would form part of RDI's asset base.



Scheme Implementation Agreement

Further to its announcement on 30 July 2008 regarding the receipt of a proposal for a merger, Gladstone Pacific Nickel Limited ('GPNL' or the 'Company') (AIM:GPN) announces that the non-associated Directors of the Board have unanimously approved the entry into a Scheme Implementation Agreement (SIA) with Resource Development International Limited ('RDI').

The SIA signed today, 8 August 2008, provides for GPNL to propose a scheme of arrangement (the GPNL Scheme) under which RDI will acquire all of the shares in GPNL for scrip consideration of 2.20 for each GPNL share based on RDI's IPO share price.

The value of GPNL shares on the AIM at market close, 7 August 2008 was 0.70.

In addition to GPNL Shareholder and Court approval, the GPNL Scheme will be dependent on certain conditions including:

1. approvals for RDI to list and have its shares quoted on the Hong Kong Stock Exchange ('HKSE') and/or Australian Securities Exchange ('ASX') being obtained on or before 31 March 2009 and a cash raising of at least US$1 billion; and

2. GPNL receiving a satisfactory independent expert's report.

RDI may terminate the SIA if GPNL decides to pursue a competing proposal. Either party may terminate the SIA if the GPNL Scheme is not effective before 31 March 2009.

It is expected that the GPNL Scheme will satisfy the requirements for scrip for scrip roll-over relief from Australian capital gains tax ('CGT') under Subdivision 124-M.

Following the GPNL Scheme, RDI will own 100% of GPNL.

The GPNL Scheme participants will include all GPNL shareholders in Australia and any other jurisdiction in which RDI shares may be issued without unduly onerous regulatory requirements. Other foreign shareholders will have their allocation of RDI shares sold as soon as practicable and the proceeds (less brokerage, duty, taxes, expenses and other charges) paid to them.

If required by the HKSE and/or the ASX to obtain approval to list, the provision of RDI shares to GPNL Shareholders will be conditional upon them first agreeing to any restrictions on the RDI Shares (and executing any required documents).

RDI must use its reasonable endeavours to investigate the possible establishment of a share sale facility by which GPNL Shareholders who would receive less than A$5,000 worth of RDI shares under the GPNL Scheme can elect to sell the RDI shares they receive as soon as practicable after the GPNL Scheme is effected, without brokerage being payable.

RDI must also make an offer to GPNL option holders for their GPNL options to be transferred or cancelled in consideration for either RDI options on equivalent terms or a cash amount based on the value of the consideration provided to GPNL shareholders and the terms of the options.

RDI

RDI is a company which has recently been formed to acquire substantial iron ore, nickel, exploration and energy interests, including rights to extract 20 billion tonnes of iron ore from the Balmoral tenements held by Mineralogy Pty Ltd. RDI has appointed Macquarie Bank and UBS to manage a proposed US$5 billion IPO and listing on the HKSE, which is being planned by RDI for late 2008.

RDI is currently controlled by Mr Clive Palmer. Mr Palmer holds 13.95% of the shares in GPNL.

Effect on EGM to be held on 14 August 2008

On 22 July 2008, GPNL gave notice of an Extraordinary General Meeting ('EGM') to be held on 14 August 2008.

Resolution 3 in the Notice of Meeting sent to shareholders on 22nd July 2008 was referred to in the announcement of the EGM as follows:




'Shareholder approval is being sought for the introduction of an alternative event to trigger Mr Palmer's entitlement to a 25% interest in Marlborough Nickel Pty Ltd ('MPNL'). This possible future event being the making of an unconditional takeover bid or the completion of a takeover via a scheme of arrangement, by Resource Development International Limited, a Company associated with Mr Palmer and Mr Martino, at a minimum price of 2.20.'




The proposed alternative milestone for Mr Palmer's company, Dasines Pty Ltd ('Dasines'), to convert its converting shares in Marlborough Nickel Pty Ltd ('MNPL') to ordinary shares is contained in Resolution 3 of the Notice of Meeting. The milestone, for a scheme of arrangement, has the following conditions:

Approval by a meeting of GPNL shareholders and by a court of competent jurisdiction under section 411(6) of the Corporations Act, of a scheme under which RDI will acquire all of the issued Shares in GPNL in which it does not already have a relevant interest in exchange for shares in RDI, at a value equal to or exceeding 2.20 per GPNL share (which will be calculated according to a formula which values the RDI shares at their cash issue price under its intended IPO prospectus, converted to UK pounds sterling at the then prevailing exchange rate); and

RDI raises at least US$1 billion in cash and RDI's shares are quoted on the Hong Kong Stock Exchange (or such other recognised stock exchange of a size and liquidity acceptable to GPNL); and

The scheme is approved by a court of competent jurisdiction on or before 31 December 2008 or, at the absolute discretion of GPNL, a date no later than 90 days after 31 December 2008.

If shareholders approve Resolution 3 and the GPNL Scheme meets all of the above conditions, Mr Palmer would be entitled to convert the convertible shares in MNPL held by Dasines into ordinary shares in MNPL. This would in turn result in the completion of the acquisition of Dasines by GPNL, subject to that transaction being approved by shareholders at the EGM by the approval of resolution 2. Full details of these transactions are contained in the Notice of Meeting and Explanatory Memorandum sent to shareholders.

The GPNL shares issued to Mr Palmer would then participate in the GPNL Scheme and be acquired by RDI, if the GPNL Scheme is approved.

Shareholders should consider this information when deciding how to vote on Resolution 3 and also refer to the information in section 3 of the Explanatory Memorandum. Shareholders should also note that, even though RDI has made this proposal, there is no certainty that the GPNL Scheme will be approved or that a control transaction will occur.

Review of GPNL Scheme

GPNL intends to appoint an Independent Expert to advise on whether the GPNL Scheme is in the best interests of all GPNL Shareholders. A copy of the Independent Expert's Report will be included in the GPNL Scheme Booklet which will be sent to shareholders before the meeting to approve the GPNL Scheme.

The SIA requires RDI to provide assistance to GPNL to carry out due diligence on RDI which GPNL will now commence.

The non-associated directors committee formed to review the SIA, comprising Mr John Downie, Mr Benjamin Hill and Mr James Henderson, have considered the advantages and disadvantages of the RDI proposal. In the absence of a superior proposal and subject to the results of the due diligence and Independent Expert's Report, the committee unanimously recommend that the GPNL shareholders vote in favour of the GPNL Scheme. Reasons for this include:




The offer under the GPNL Scheme provides a substantial premium over the market price of GPNL shares. The offer is 3.14 times the AIM closing price of GPNL shares on 7 August 2008.
The GPNL Scheme will remove the single asset risk and corporate structure which may have adversely impacted the share price of GPNL and its ability to grow and develop as a company.
The GPNL Scheme will provide GPNL shareholders with exposure to a broader portfolio of assets with upside potential from other projects of RDI. Shareholders will maintain their exposure to the Marlborough Nickel Project.
RDI will be more likely to offer increased diversity, scale and market liquidity.
Next steps

GPNL will now appoint an Independent Expert and commence preparation of the Scheme Booklet. GPNL will also conduct due diligence on RDI and include relevant information from that due diligence in the Scheme Booklet.

Once approved by the Court, the Scheme Booklet will be dispatched to GPNL shareholders.

The GPNL Scheme will then require the approval of GPNL Shareholders and the Court, together with satisfaction of other conditions customary for a transaction of this nature. These conditions are included in the SIA, a summary of which is attached as Annexure A to this announcement.

Cancellation of GPNL's listing on AIM

Should the implementation of the GPNL Scheme be successful, GPNL will become a 100% owned subsidiary of RDI and it is the intention of the board of RDI that they will cancel the admission of GPNL's securities to AIM on the GPNL Scheme implementation date, expected at this stage to be during December 2008.

Further information

This announcement is available on GPNL's website www.gladstonepacific.com.au.

3 October 2008







GLADSTONE PACIFIC NICKEL LTD

ACN (104 261 887)

('Gladstone'' or 'the Company')




FEASIBILITY STUDY FINANCIAL RESULTS USING LONG TERM ASSUMPTIONS




Gladstone Nickel Project shows an NPV of US$1,168 billion at long term prices




The Chief Executive Officer of the Company, Mr John Downie, announced today the updated financial results of the Feasibility Study for Stage 1 of the Gladstone Nickel Project ('the Project') ('IDFS') using long term assumptions, revising the results announced on 20th June 2008.




'Given the current state of both capital and commodity markets it is important that investors understand the strong economics of the Project using long term assumptions. It is the Directors' belief that the current share price of the Company does not highlight the underlying value of the Project. Capital markets and commodity prices are generally under pressure but our Project continues to show its economic viability at both current and long term pricing.'




Gross Revenue in the first year of full production, assuming a two year ramp up, is expected to be US$1,332 million per year, US$711 million lower than previously announced whilst EBITDA is US$712 million, down US$307 million. Projected profit after tax and interest in the first year of full production has been revised from US$538 million to US$297 million in real terms at a gearing ratio of 70% debt for a 15 year loan period and an interest rate of 8.5%.




Cash operating cost for the Project has been revised from US$2.38 to US$2.13 per pound of nickel due to a lower nickel price, exchange rate movements and sulphur price assumptions offset by a reduction in cobalt credits due to a lower cobalt price. The Project net present value ('NPV') is US$1,168 million (*see note below) using an 8% discount rate and commodity prices and exchange rates as at 30 May 2008. This compares to an NPV of US$2,331 million reported in June.




The capital cost, also reported in the 20th June 2008 market release has been revised to US$3,518 million from US$3,840 million. The Directors believe that the Company's association with China Metallurgical Construction (Group) Corporation ('MCC'), based on MCC's prior experience, will reduce the capital cost.




The Project shows a nominal IRR on equity of 17.8% and a nominal NPV of US$979 assuming a 12% discount rate and a gearing ratio of 70% debt for a 15 year loan period and an interest rate of 8.5%.




These changes are not expected to affect planned production and the plant can expect to produce, in its first year of full production, up to 64,753 tonnes of nickel and 6,164 tonnes of cobalt in 2014 following a 3 year construction program and 2 year ramp up of operations.

Gladstone Pacific says now sees yr one revenue from nickel project at $1.3 bln
AFX


LONDON (Thomson Financial) - Gladstone Pacific Nickel Ltd. said it has revised down its expectations for first full year revenues from its nickel project, assuming a two year ramp up, by $711 million to some $1.33 billion.

The company has also revised its projected profit after tax and interest downwards in the first year of full production to $297 million from the earlier $538 million. EBITDA is seen at $712 million, down $307 million..

'It is the directors' belief that the current share price of the company does not highlight the underlying value of the project,' said CEO John Downie.

Gladstone Pacific said the capital markets and commodity prices are generally under pressure but its project continues to show its economic viability at both current and long term pricing.



tf.TFN-Europe_newsdesk@thomsonreuters.com

All they need now is $2billion project finance...any offers?

SELL Gladstone - the chart says it all.

"Behave" most AIM shares are the same if you are in you are in for the long term, it's as simple as that.

Aye ! ; )

RNS Number : 1409K
Gladstone Pacific Nickel Limited
15 December 2008



15th December 2008




Gladstone Pacific Nickel Limited

ACN 104 261 887

(the 'Company' or 'GPNL')

GPNL and RDI - Update regarding Merger




The Company today announces that discussions and activities with Resource Development International Ltd ('RDI') regarding a merger of the two companies, as announced on 8 August 2008 are continuing in a positive and proactive manner. RDI is a company controlled by Mr Clive Palmer, the previous chairman of GPNL and of which Mr Domenic Martino, a current director of GPNL, is a director.

GPNL understands that RDI is currently advancing its application for a listing on the Hong Kong Stock Exchange ('HKSE') and is in the process of finalising all relevant legal and regulatory documentation, including the preparation of a Prospectus.

Upon completion of the Prospectus, the Company and its advisors will receive necessary information to enable finalisation of a Scheme Booklet for lodgement with Australian Securities and Investments Commission ('ASIC') and the Federal Court of Australia. The Scheme Booklet will be distributed to Shareholders following Court approval and will include information regarding a shareholder meeting.

Further information and timing regarding the merger will be provided to shareholders when such information is received from RDI.

At the General Meeting held on 14 August 2008, shareholders approved the introduction of an alternative event to trigger Dasines Pty Ltd's (a 100% owned entity of Mr Clive Palmer) entitlement to a 25% interest in GPNL's subsidiary, Marlborough Nickel Pty Ltd ('MNPL'). This possible alternative event being the making of an unconditional takeover bid or the completion of a takeover via a scheme of arrangement by RDI at a minimum price of 2.20 on or before 31 December 2008, or a date up to 90 days later at GPNL's discretion.

The board of GPNL has today agreed to extend the date for achievement of the alternative event from 31 December 2008 to 31 March 2009.

Yes Smiler I find the majority of these comments about AIM shares pathetic as you don't have to be a genius to realise that the world is in melt down.

1. Car industry dead.
2. Shipping inports/exports dead.
3. Uk manufacturing dead.
4. Housing market dead.
5. dead.
6. Building industry dead.
7. Government clueless.
8. Taxes N/I up in 2011.
9. UK Bankrupt 2009.
10. Anarchy in the UK 2010.

Lets all make crap worthless comments about AIM shares. Will the world need raw materials in 2012 YES

flasher you forgot the dodo, cheer up its christmas!

Bah Humbug

still flasher - Gordon/Prudence/Saviour of the uniiverse was spot on when he stated "no more boom and bust" NOT! You are right though, the world will not stop turning, over leveraged and poorly run companies will go bust - the dead wood will be cleared out and then the whole supply/demand cycle will kick in again. Pick companies with good prospects/management and decent cash in the bank and their feet on the ground....... and wait a bit eh?

smiler is this the end?

I would like to think Not, but with the Price of Nickel and the lack of Cash around I think this will take a back seat for a while !!

18 May 2010



GLADSTONE PACIFIC NICKEL LIMITED

(ACN 104 261 887)



BOARD CHANGES



Following the meeting of the board of directors held earlier today, Gladstone Pacific Nickel Limited ("GPN" or the "Company") announces the appointment of Mr Neil Meadows to the board of directors. Mr Meadows will be the acting Managing Director until such time as he is offered and accepts a permanent position or an appropriate replacement is found.



Mr Meadows is Chief Operating Officer of and a director of Queensland Nickel Pty Ltd ("QNPL"). QNPL operates the Yabulu Refinery nickel operation in Townsville, Queensland, Australia. He first worked at the Yabulu Refinery operation between 2000 and 2003 in various plant management roles before spending in excess of five years as General Manager and later Projects Director for Minara Resources Ltd's Murrin Murrin nickel operation. Mr Meadows returned to the Yabulu Refinery in September 2008 in the role of General Manager for BHP Billiton. Since the sale of the Yabulu Refinery to Mr Clive Palmer he has accepted the role of Chief Operating Officer.



Mr Clive Palmer and his related entities hold a total of 50.04% of the ordinary shares in issue of the Company.



The Company also announces the resignation of Mr Vimal Sharma as Non-Executive Director with immediate effect.



GPN announces the appointment of Mr Domenic Martino as Chairman of the board of directors and also announces changes in board remuneration, being $45,000 per annum for the Chairman and $20,000 for Non-Executive Directors.



Following these changes, the board of the Company is constituted as follows:



1. Domenic Martino - Chairman

2. Clive Mensink - Non-Executive Director

3. Neil Meadows - Managing Director

4. William Haseler - Non-Executive Director



A further announcement in relation to the appointment of Mr Meadows including the information required under Schedule 2(g) of the AIM Rules for Companies will be made as soon as possible.



ENDS

RNS clive palmer bids 14p for remaining shares he doesn't own, is this the end of the road for what was punted as worth zillions?

was this Poseidon revisited?