LionOre study confirms bright future at Tati

The Tati Nickel is 85 percent owned by LionOre and 15 percent owned by the Botswana government. Associated with the deposit is copper, gold, palladium and platinum by-products. The prefeasibility study confirms that the deposit can be economically exploited to produce around 20,000 tonnes of payable nickel and a similar amount of copper per year for approximately 13 years.

LionOre will proceed with a full Bankable Feasibility Study (BFS), which is expected to be completed during the third quarter of 2007. Commenting on the PFS, Colin Steyn, President and CEO, said: "This is a positive result for future production at Tati and comes in the wake of achieving our production targets for 2006". Steyn added that Selkirk is, without doubt, one of the largest undeveloped nickel sulphide deposits in Africa, and has the potential to get even bigger with further drilling.