First Nickel is one of Canada’s premiere nickel / copper companies with near term production from the Lockerby Mine Project in the Sudbury Mining Camp. The Company has high quality exploration projects and has successfully increased the Probable Reserves at its Lockerby Mine five-fold since it was acquired in 2005.
First Nickel recommenced production and expects the mine to be in full production of 10 million pounds of nickel per annum in the fourth quarter of 2012. In addition, FNI will continue exploration activities at our other Ontario projects and seek to add to our base metal portfolio through acquisitions of promising exploration properties and operating mines.
The Company anticipates being in commercial production by mid-2012, while continuing to maintain a safe and environmentally compliant operation. First Nickel will continue to review mining operations to identify optimization opportunities.