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Additional Information

Market:	ASX TSX
Sector:	General Mining
EPIC:	MBN
Latest Price:	0.99 (2.07% )
52-week High:	2.39
52-week Low:	0.91
Market Cap:	484.40M

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Mirabela Nickel

Mirabela Nickel Ltd (ASX:MBN, TSX:MNB) is an emerging nickel producer with a portfolio of prospective nickel and other base metal targets in Brazil.

Mirabela's lead project under development is Santa Rita - a disseminated nickel sulphide deposit in the state of Bahia. Production of nickel is targeted to commence in 2009/10. This is the largest nickel sulphide resource in South America and the largest greenfield nickel sulphide discovery in the world in the last 10 years.

Mirabela Nickel aims for financing for Santa Rita by February

Tuesday, January 06, 2009 by Proactive Investors

Mirabela Nickel (ASX/TSX:MBN) said in a statement it was aiming for senior debt financing commitments for its wholly owned Santa Rita nickel project in Brazil by end of January 2009.

Mirabela indicated it was not aware of any unannounced information to explain the recent increase in the company's share price. However, it noted the nickel price had increased by 15.8% from $US11,700 per tonne to $US13,500 per tonne in January 2009.

The company announced a maiden Santa Rita underground inferred resource in December 2008 of 55 million tonnes at 0.82% Ni and 0.24% Cu.

Mirabela Nickel Ltd owns 100% of the world class Santa Rita nickel sulphide project with a JORC Indicated open‐cut resource of 130mt grading 0.60% Ni for 780,000t of contained Ni, Santa Rita is the largest nickel sulphide discovery world‐wide in the last 12 years. Construction of a 6.4 mtpa nickel sulphide concentrator commenced in November 2007. Construction is now about 65% complete and the project remains on track to commence production mid 2009.

Mirabela Nickel was trading at $1.25.

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