Toledo - Cashflow from the world's 3rd largest Nickel Resource

Good morning...

This is worth noting...the licence area is very near to Celestial and bodes well that the grades of Ni will be similar...Palawan it seems has excellent grades of Ni.



MBMI Resources cuts 18 m of 2.63% Ni at Bethlehem

2005-12-13 20:43 ET - News Release
Mr. David Tafel reports

MBMI IDENTIFIES HIGH GRADE NICKEL ZONE

MBMI Resources Inc. is providing information on its drilling program on the Bethlehem nickel laterite property located near the town of Narra, in Palawan, Philippines. The company's drilling programs have been designed to identify high-grade zones (grades of 1.5 per cent nickel or greater) which can support a direct-shipping program through the development of a small-scale mining operation (SSMO). An extensive drilling exploration program is being conducted and 513 drill holes (6,901 metres) have now been completed with assay results having been received for 320 drill holes.