Page 375 - ANC22-Presentations-Weds

Direct Shipping Ore (DSO) – Typical Geology & Market Sources

• Straight forward mining operation with no
Solomon Islands laterite ore is similar to Indonesia and Philippines processing requirements

• Mining to depth of around 10m

• Grades in excess of 1.5% Ni are attractive for
feedstock for Chinese rotary kiln/electric

furnace (RKEF) to produce a nickel pig iron
suitable for stainless steel producers.

• Limited DSO from Indonesia

• Philippines is now the major source of nickel
DSO, but grade below 1.5% Ni

• Around 90% of DSO into China comes from
Philippines

• Solomon Islands DSO nickel is a new source
to feed Chinese RKEF plants.

ASX:PNM 6