First Nickel Inc. engages in the acquisition, exploration, and development of mineral resource prospects in Canada. Properties Material Mineral Properties The company's two material mineral properties are Lockerby Mine property and West Graham property. Lockerby Property: The company's principal operating asset is the Lockerby Mine near Sudbury, Ontario. The mine produces nickel-copper ore which is sold to Xstrata Nickel. The Lockerby Mine is located at the south-western end of the south range of the Sudbury Igneous Complex (SIC), 30 kilometers west of the city of Sudbury, Ontario (Figure LM-1). The property consists of 10 contiguous patented mining claims covering 244.41 hectares. The company owns a 100% interest in the property. West Graham Property: The West Graham property is located in Graham Township, Sudbury District, Sudbury Mining Division, Ontario, approximately 30 kilometers west of the city of Sudbury and at the southwestern end of the south range of the Sudbury Igneous Complex. The property consists of 129.9 hectares. Other Mineral Properties The company also has interests in the following mineral properties: Morgan-Lumsden property; Raglan property; and Belmont property. Morgan-Lumsden Property: The Morgan-Lumsden property, comprising 249 hectares of mining rights in two blocks, one block representing 13 contiguous patented mining claims in Morgan and Lumsden Townships, and a second block representing a single patented mining claim in Bowell Township, is located 12 kilometers east of Xstrata Nickel’s Strathcona Mill Complex. Raglan Hills Property: The Raglan Hills property, comprises approximately 3,400 hectares in 21 unpatented mining claims in four separate blocks in Raglan, Mayo and Carlow Townships, Renfrew County, Ontario. The property is located approximately 32 kilometers east-northeast of Bancroft, Ontario. Belmont Property: The Belmont property covers approximately 10,500 hectares of mining rights in various claim blocks representing 61 unpatented mining claims. The claims are located in Belmont, Lake, Limerick, Marmora, and Wollaston Townships located near Marmora, Ontario. The company has a 100% interest in the 61 unpatented mining claims. History First Nickel Inc. was founded in 2003.
first nickel inc
(FNI:Toronto Stock Exchange)
120 Front Street East
Toronto, ON M5A 4L9
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