European Nickel One2One Investor Presentation 8 April 10

MERGING WITH RUSINA MINING
Merger Rationale
Compelling Business Logic
Appropriate timing: Ahead of DFS and
development decision
Consolidates JV into simpler corporate
structure
Enables cost savings: rationalisation of
administration, financial synergies
Secures Acoje’s future & solidifies ENK’s
presence in the Philippines
Strengthens management team
Marries Rusina’s Philippines experience
with ENK’s technology “know how”
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