COPY OF FINAL PROSPECTUS - Mirabela Nickel

MIRABELA NICKEL LIMITED
INCOME STATEMENTS
For the six months ended 31 December 2006
Note 31-Dec-06 31-Dec-05
(AUD) (AUD)
Professional fees ....................................................... (51,402) (16,861)
Personnel expenses ..................................................... (221,535) (75,513)
Contractor expenses .................................................... (322,587) (66,840)
Depreciation expense .................................................... (22,463) (13,306)
Property lease and overheads ............................................... (199,844) (61,503)
Printing, stationery and postage ............................................. (70,364) (31,209)
Other ............................................................. (61,025) (82,082)
Results from operating activities ............................................ (949,220) (347,314)
Financial Income ...................................................... 297,061 18,954
Financial Expenses ..................................................... (61,739) —
Net financial income .................................................... 5 235,322 18,954
Profit/(loss) before tax ................................................... (713,898) (328,360)
Income tax expense ..................................................... — —
Loss for the six months attributable to equity holders of the parent ...................... (713,898) (328,360)
Loss per share attributable to the ordinary equity holders of the Company:
Basic loss per share (AU$) ................................................ (0.97) (0.86)
Diluted loss per share (AU$) ............................................... (0.97) (0.86)
The accompanying notes form part of these financial statements.
FF-2