Nose Nickel Deposit

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The Nose deposit is part of the Minago Nickel Project which is 100% owned by Victory Nickel, and it is one of Canada's largest undeveloped sulphide nickel deposits which will be mined by open pit and underground methods. The deposit has Measured and Indicated resource of sulphidic nickel ("Ni(S)") of 44.1 million tonnes grading 0.43% nickel for portion of the deposit that will be mined by open pit, and the estimated LOM is 7 years for the pit only. The product will be a high grade nickel concentrate at 35% (22.3% Ni with 10.4% magnesium oxide ("MgO"). The deposit also contains other minerals such as zinc, cobalt, copper, and many others, which will part of the concentrate that is produced.