History

Odysseus mine early works programme complete. New offtake agreement with Sumitomo Metal Mining, for delivery of high-grade nickel sulphide precipitate (NSP) produced at MREP.

Odysseus Definitive Feasibility Study (DFS) which confirms a robust 10-year operation. Completion of the Mill Recovery Enhancement Program (MREP).

Kidman acquires Lithium rights from Western Areas’ tenements. Odysseus Pre-Feasibility study completed. Successful completion of Bluejay share sale.

Exploration commences at Cosmos. New offtake contract with BHP Nickel West.

Western Areas approves Mill Recovery Enhancement Program (MREP). The Company completes the acquisition of the Cosmos Nickel Complex.

Flying Fox Resource and Reserve upgrade. Western Areas enters Gawler Craton exploration agreements.

Company changes from NL to Ltd.

New high-grade nickel discovery at New Morning and continued high-grade intersections. New two-year offtake agreement with Jinchuan.

Finland exploration assets listed on London AIM.

Kagara Nickel assets, including Lounge Lizard, acquired.

A$105.5 million of outstanding convertible bonds retired for cash. New high-grade nickel sulphide discovery at Sunrise. Top honours at the WA Industry & Export Awards.

First ore from Spotted Quoll underground

First dividend payment declared.

First ore production from Spotted Quoll and Cosmic Boy concentrate treatment plant upgrade completed.

Convertible Bond exchange offer – A$110 million of previous A$225 million bonds exchanged for later dated maturity. Spotted Quoll underground mine approved.

Cosmic Boy Concentrator begins production. Offtake restructure, long-term arrangement formed with BHP. First short term off-take agreement Jinchuan signed. First, open pit mine development at Spotted Quoll – only two years since the discovery.

Convertible Bond launched A$225 million.

The initial discovery of Spotted Quoll Deposit.

Construction of Cosmic Boy approved. First ore from Flying Fox, after completion of decline. Production is continuous to the current day.

First Flying Fox Resource – indicated the mineral resource of 176,000 tonnes @ 6.4% nickel containing approximately 11,300 tonnes nickel for the T1 zone [Note: Historical resource stated for reference purposes only, not current resource – the T1 zone has since been mined out].

Flying Fox mine development begins.

First intersections at Flying Fox deposit.

First drill hole at Forrestania intersects new zone of high-grade nickel sulphide.

Expanded drilling program commences – drilling at Forrestania now largely operated on a permanent basis up until the current day.

IPO and admission to the Australian Securities Exchange (ASX). A$5 million raised at an issue price of 20 cents per share.

Company incorporated