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
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!