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/

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.