Name of the Project
Saints nickel project.

Location
Norseman-Wiluna greenstone belt, Western Australia.

Project Owner/s
Future Battery Minerals.

Project Description
A scoping study has demonstrated potentially strong financial metrics for the project.

The scoping study is based on a 911 000 t resource grading 2.3% nickel, 0.17% copper and 0.07% cobalt, which equates to 20 995 contained nickel, 1 570 t contained copper and 631 t contained cobalt.

Simple infrastructure and mine development requirements support a simple toll treatment operation in proximity of several third-party concentrators operating i n the Lei nster- Kalgoorlie-Kambalda region.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a net present value, at an 8% discount rate, of A$55.7-million or an internal rate of return of 362%, with payback estimated at about 12 months.

Capital Expenditure
Capital expenditure, including sustaining capital, is estimated at a$10.68-million.

Planned Start/End Date
Not stated.

Latest Developments
Baseline environmental studies are well advanced to facilitate the permitting process for potential development. Future Battery Minerals expects to start a follow-up prefeasibility study to realise an economic return from its flagship project.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Future Battery Minerals, tel +61 8 6383 7817 or email info@futurebatteryminerals.com.au.