A Brief Introduction of Gullu Mt.

/Mwe Taung Nickel Deposit

Location Chin State, Tedim Township Lat 23 25' N, Long 94 01' E. Accessibility 380 Km northwest of Mandalay, connected by all weathered road from Kalemyo. Air service is available to Kalemyo from Yangon as well as from Mandalay. Background History Exploration done by Department of Geological Survey & Mineral Exploration (DGSE) in 1964 65. Geology Silicate nickel ores (garnierite) were found as weathered product above ultrabasic rocks in many places in the belt of ultrabasic rocks at the eastern edge of the Indo-Burman Ranges. Ore Deposit Gullu Mt. nickel deposit is a nickeliferrous laterite ore deposit. It is formed by uneroded remnants of hard, weakly serpentinized peridotite. Chemical analysis of Gullu Mt. nickel ore is as follows: Ni -1.21 % CaO -0.77 % Fe -3.70 % MgO -26.76 % SiO2 -46.42 % Al2O3 -0.16 % Uranium-uncountable Cu -29.99 ppm Pb -26.67 ppm Co -150.00 ppm

Ore Reserve Six ore bodies were found within (10) Km in Gullu Mt. area.

Among these ore bodies the ore body No (4) and No (6) are the most significant ones. In ore body No (4), probable ore reserves is approximately (30) million tons with average nickel content of 1.19 %, where as in ore body No (6) potential ore reserves is (80) million tons with average nickel content of 1 %. Power Supply Gullu Mt. nickel deposit is located about (40) Km from the Kalewa Coal Mine and most of the coal produced could be utilized not only as material for reduction and combustion but also as energy source for nickel smelting. Investment Opportunity This project can be implemented on a joint venture basis with equity participation or production sharing basis. Contact Address No. (3) Mining Enterprise No. 90, Kanbe Road, Yankin P.O, Yangon Union of Myanmar Fax: +095-1-56224 Telex: 215 11 MCTWOBM