The Kolosori deposit exists over a large area of approximately 2km by 3km on Isabel island (Solomon Islands). Individual regolith domains average in thickness ranging between 3m and 10m. The deposits all occur within 50m depth of the topography surface.

Thin fault-bound slices of peridotites are distributed on both sides of the Kia-Korigole-Kaipito Fault System (KKKFS). The ultramafic rocks also outcrop predominately in the south near San Jorge and have been termed the San Jorge Ultramafics. In all locations, they consist of a series of elongate pods of more or less serpentinised harzburgites and dunites, cut by pyroxenite veins. In contrast, only fragments of ultramafic rocks occur further north on Santa Isabel.

The nickel laterite deposits of the Solomon Islands have developed under tropical conditions by weathering and decomposition of the ultramafic host rocks. These processes lead to residual and supergene enrichment of nickel within the laterite profile.

The laterite profile in Kolosori tenement overlies ultramafic rocks and can be divided into two distinct zones. The lower zone consists of saprolitic rock, rocky saprolite and saprolite. The upper oxide zone consists of ferruginous saprolite, limonite, erruginous zone and soil types.

The lower saprolite zone consists of boulders of the bedrock in a soft, earthy matrix. The boulders generally have fresh cores and partially oxidised rims. Highly serpentinized rocks may have m ........

The Company is proposing to mine within the Kolosori tenement to extract the limonite, transitional and saprolite nickel ores through conventional strip-mining techniques. The ore will be available for direct shipping and upgrading if possible. The mining area will be developed progressively, with progressive rehabilitation of the mined area completed as soon as practical after mining has been completed. Based on the resource delineated at present the operation is anticipated to have a five-year mine life. The Company will carry out further exploration during mining to increase the mine life where possible.

The conventional method of strip-mining, using excavator and truck haul fleets has been based on a number of parameters including:
1) The shallow and variable thickness of the ore deposit. A thin overburden layer lies directly underneath the topsoil, followed by a thin layer of limonite nickel ore zone (minor volumes). The transition nickel ore zone separates the limonite ore zone (where present) from the underlying saprolite nickel ore zone. The saprolite nickel ore zone extends to a defined depth below the transitional material.
2) Mining operations will have challenges during the tropical wet season months. Mining methods are proposed to allow for multiple mining benches (faces) to ensure access and maintenance of the mining locations, including surrounding areas.
3) The indicated and assumed earth moisture content (30-60%) presents issues for ........

The nickel ore is mined at a sufficiently high grade for direct export and will be sold as four consistent products.

The ore will be placed in stockpiles for drying however no other processing is currently planned.