MRE 0.51% $1.97 metrics real estate multi-strategy fund

capital expenditure

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    Two projects are expected to come online in 4th quarter 2010.

    High density slurry (HDS) - The project is
    designed to debottleneck the neutralisation circuit which in turn will enable an increase in ore-leach
    autoclave throughput.

    Sixth Reduction Autoclave - This project will deliver a sixth reduction autoclave unit which will operate in parallel to the existing five reduction vessels in the refinery?s nickel circuit.

    Should have a positive impact on Q1 and Q2 2011 production and earnings.
 
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