COPY OF FINAL PROSPECTUS - Mirabela Nickel

AUDITOR’S REPORT IN RESPECT OF COMPATIBILITY WITH CANADIAN GAAS
To the Board of Directors of Mirabela Nickel Limited (the ‘‘Company’’)
In accordance with the requirement contained in National Instrument 52-107 we report below on the
compatibility of Canadian Generally Accepted Auditing Standards (‘‘Canadian GAAS’’) and International
Standards on Auditing.
This report is made solely to the Company’s directors, as a body. Our audit work has been undertaken so
that we might state to the Company’s directors those matters we are required to state to them in the auditor’s
report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the Company’s directors as a body, for our audit work, for this report, or for
the opinions we have formed.
We conducted our audit for the year ended June 30, 2006 and sixteen month period ended June 30, 2005 in
accordance with International Standards on Auditing. There are no material differences in the form or content
of our report (except as noted below) as compared to an auditor’s report prepared in accordance with Canadian
GAAS and if this report was prepared in accordance with Canadian GAAS it would not contain a reservation.
In Canada, reporting standards for auditors require that an auditor’s opinion state that the consolidated
financial statements of the company present fairly, in all material respects, the financial position of the company
and its results of operations and cash flows. In Australia, reporting standards for auditors require that an
auditor’s opinion state that the consolidated financial statements of a company give a true and fair view of the
state of the consolidated entity’s affairs and of its profit for the year. In all other respects, there are no material
differences in the form and content of the above noted auditor’s report.
KPMG
(Signed) Trevor Hart
Partner
Perth, Australia
April 23, 2007
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