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/

Yes ... it all looks good on paper ?

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

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

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

yes keeping an eye on this one !! ;)

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

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

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

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

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

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

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

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

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

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

the chinese authorities are a brutal and evil regime

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

GLADSTONE PACIFIC NICKEL LIMITED (ACN 104 261 887)

('GPNL' or 'the Company')




GPNL FINALISES SHARES TO BE ISSUED TO JOINT VENTURE PARTNER




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




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




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




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




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




;) the games a foot

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

:)

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

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