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W. Raglan Project Summary January 2009

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West Raglan Project

Facts About Xstratas Raglan Deposits - The Exploration Model for West Raglan

  • Commenced nickel exploration in April 1998.
  • 10 nickel deposits over 55 kilometres.
  • Well known for high nickel tenors.
  • Includes open pit and underground nickel mines.
  • + 35M tonnes of sulphide mineralization 2.90% Ni, 0.80% Cu, 0.06% Co and +3 g/t PGE.
  • Sulphide mineralization is composed of pyrrhotite + pentlandite + chalcopyrite.
  • At current rate of production (1 MT/year), nickel mine life of greater than 20 years.
  • 140 individual lenses in ten distinct zones within distinctive ultramafic trends (Katinniq zone contains +30 individual lenses. Small sized mineralized lens - 0.01M to 2.40M tonnes - average 0.19M tonnes).
  • New discovery at Zone 5-8: 11.5 million tonnes at 3% nickel and 0.8% copper demonstrates large single deposits are developed.
  • Xstrata property covers a 50 kilometres strike length of “Raglan Formation”.

 Mag photograpy of Xstrata's Raglan Deposits

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