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WEST GRAHAM - Nickel, Copper

FIRST NICKEL OPTION

The West Graham property consists of one patented lot owned outright by Landore of 130 hectares, located in Northern Ontario, 17 kilometres from Sudbury on the southern rim of the Sudbury Intrusive Complex and contains the historic "Conwest deposit".

First Nickel Inc. entered into an option agreement in November 2005 with Landore to acquire a 70 per cent. interest in the West Graham property which is strategically located immediately to the south of the East Zone of First Nickel's Lockerby Mine. The agreement provides for First Nickel to make cash payments to Landore of C$150,000 and carry out exploration and development expenditures of C$6 million over a four-year period.

First Nickel has drilled and delineated a resource, NI 43-101 compliant, in excess of 84 million pounds of nickel and 58 million pounds of copper on the Conwest deposit, all in the Indicated Resource category.

In 2010, First Nickel earned 70 per cent of the West Graham property as it successfully concluded Phase One of this agreement. Landore elected not to participate in a joint venture with First Nickel. As such, First Nickel has exercised the Phase Two Option of the agreement and has commenced a Feasibility Study on the property.

West Graham Map

Click to download the NI 43-101 Technical Report on the West Graham Property.