Ann: Media release and presentation re 2015 results, page-21

	Column 1	Column 2	Column 3	Column 4	Column 5
0		Miitel Mine	Mariners Mine	Total for June 2015 Quarter	Preceding Quarter (March 2015) Total
1	Ore Tonnes Treated (DMT)	36,274	32,371	68,645​	78,136​
2	Average Nickel Grade (%)	2.57​	2.42​	2.50​	2.48​
3	Nickel-in-Concentrate Sold (tonnes)	794.8​	673.3​	1,468.1​	1,651.0​
4	Copper-in-Concentrate Sold (tonnes)	69.4​	64.8​	134.2​	152.8​
5	Cobalt-in-Concentrate Sold (tonnes)	14.4​	12.8​	27.2​	31.9​
6	Sales Revenue* (A$)	8.43M​	7.17M​	15.60M​	18.23M​
7	Direct Operating Costs** (A$)	8.46M​	8.04M​	16.5M​	16.20M​
8	Royalty Costs (A$)	0.33M​	0.28M​	0.61M​	0.73M​
9	Operating Surplus (loss)*** (A$)	(0.36M)	(1.15M)	(1.51M)	1.30M​
10	Capital Costs****	2.04M​	0.82M​	2.86M​	6.15M​
11	Payable Nickel Produced (lbs)	1,138,848	964,850	2,103,698	2,365,799
12	Mining Costs (A$/lb)	4.74​	5.38​	5.03​	3.75​
13	Milling Costs (A$/lb)	1.40​	1.48​	1.44​	1.48​
14	Ore Haulage Costs (A$/lb)	0.32​	0.38​	0.35​	0.35​
15	Other Mining/Administration (A$/lb)	0.97​	1.09​	1.02​	1.26​
16	Royalty Cost (A$/lb)	0.29​	0.29​	0.29​	0.31​
17	By-product Credits (A$/lb)	(0.34)​	(0.36)​	(0.35)​	(0.34)​
18	Cash Costs (A$/lb nickel)	7.38​	8.26​	7.78​	6.81​
19	Cash Costs (US$/lb nickel)(1)	5.75​	6.43​	6.06​	5.36​

MCR Cash Cost for the last Quarter is US$6.06 not $US4.35.
Most Nickel Producers are underwater at this current Nickel Pr except
lucky Few with C1 cost < US$4.50. It will be a case of survival the Nickel Price War.