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
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.