Ann: Progress Report , page-4

“The nickel and cobalt recoveries using the Direct Nickel proprietary technology have been excellent, and the fact that Direct Nickel have proceeded through to producing the KNP’s first nickel Mixed Hydroxide Product is confirmation we have a flow-sheet worthy of serious development studies” Mr Readhead said. Mr Readhead confirmed that Heron
wishes to further its relationship with Direct Nickel, aimed at supporting the further development of both the KNP and
Direct Nickel.

The Chairman of Direct Nickel, Mr Vincent Sweeney said the early endorsement of the Direct Nickel Process by Heron
with its substantial KNP nickel resource asset was another positive step forward for Direct Nickel.
“The Direct Nickel Process has the potential to transform the global processing of nickel laterites and the state-of-the-art pilot facility at CSIRO Perth has been built to demonstrate this. We are delighted that Heron and Direct Nickel are working so well to bring together our technology with one of the world's leading undeveloped nickel laterite resources” he said."


Its all looking very positive for DNi.

Regards

Wriglet