Nickeliferous laterite deposit is very pervasive throughout Dinagat Island being the direct weathering product of the ultramafic fraction of the DOC. Several nickel prospects and mines abound within the island group.

As a consequence the whole of Dinagat Island is covered by various mining and exploration permit applications. Besides PNPI which has the largest nickel operation in Dinagat historically, the adjacent island of Hinatuan hosts the Hinatuan Nickel Mining Corporation?s nickel operation and the Cagdianao Nickel Mining Corporation operates a property in eastern Dinagat Island which is along the Peninsula Point facing the Pacific Ocean. Both companies are under the umbrella corporation of Nickel Asia Corporation. North and east of Loreto are the MPSA?s of Comet Exploration and Mining Corporation and Oriental Peninsula Corporation.