Nickel Asia Corporation

Nickel Asia Corp. (NAC), one of the largest nickel mining companies in the Philippines today. NAC owns a majority share of six mining operations throughout the Philippines. The Company also controls a 10% equity interest in the Coral Bay HPAL facility at Rio Tuba in the Philippines. The principle business of NAC involves selling nickel laterite ore to customers in Japan, China, Philippines and Australia. In 2005, NAC delivered 1.8 million dry metric tonnes of nickel ore containing 31, 500 tonnes of nickel metal to six customers throughout Asia and Australia.