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/

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?