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CONFIDENTIAL







            WHAT MAKES RNO SPECIAL…









         Unique beneficiation characteristics - high grade fine ore can
         be physically separated from low grade coarse fraction.

         Rejects ~66% of the mass but retains ~60% of the metal,
         approximately doubles the plant feed grade.

         •    10Mtpa @ ~ 0.6% Ni mined

         •    3.2Mtpa @ ~1.2% Ni processed (after beneficiation)




         Waste heat from Acid plant (as steam) capable of generating
         all on site power requirements and other heating
         requirements for processing.



         FQM & POSCO exploring partnership to produce battery
         cathode precursor materials, likely in the form of nickel
         sulphate, by utilizing the MHP from Ravensthorpe.








         (Oh and.. its in a ‘safe’ jurisdiction.. and a nice place to live!)                                                                                                         10
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