Press Releases

Sydney, June 25, 2010 (ABN Newswire) - FINANCE VIDEO: Direct Nickel (DNi) Chairman Julian Malnic Speaks with Brian Carlton at Symposium Resources Roadshow in Sydney, June 2010

Executive Chairman, Julian Malnic a professional geologist whose career spans a wide range of industry activity including exploration, mine assessment, corporate management and development and industry media.

Julian is Chairman of the Sydney Mining Club, which he founded in 1997. The Sydney Mining Club, under his leadership has grown to be Sydney’s leading forum for mining executives, professionals and suppliers.

View the Video Interview here:
http://www.abnnewswire.net/multimedia/en/63173/Direct-Nickel

In 1997, Julian founded Nautilus Minerals (now Nautilus Minerals Inc. and listed on the Toronto TSX-V and London AIM exchanges). Nautilus is the world’s first company to be granted exploration licences to newly discovered, high grade seafloor massive sulphide deposits. Mining of these gold, copper and zinc rich deposits is planned to commence in the last quarter of 2011 following the successful equity fundraisings totaling US$300M.

With one of his founding partners in Nautilus, Russell Debney, Julian founded Direct Nickel Pty Ltd in 2006 after having identified the potential of precursor technologies for treating nickel laterites.

"Our aim is to build Direct Nickel into a major nickel producer, using the DNi Process licences to access and process nickel laterite resources."

Resource revaluation:

DNi is building a nickel inventory by acquiring interests in undervalued laterite resources and is substantially revaluing these resources by applying the DNi Process. A successful DNi Process will revalue nickel companies by 20-30 times (by market capitalisation).

Mine development:

Select optimum deposits, using leverage from the DNi Process and build mines in partnership with resource owners.

Strategy
De-risking the DNi Process:

A successful Demonstration Plant promises to set the foundations for disruptive change in the economics of the nickel sector. With Process demonstration in hand, Direct Nickel has a clear path to become a high efficiency nickel producer with strong margins driven by a capital cost around half of conventional processes, and among the lowest global operating costs.

Strong technical and financial partners:

Teck Resources, Drinkard Metalox, Aker Solutions, OZ Minerals, Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) and a global IP protection team.

Resource acquisition:

Direct Nickel is positioned to become a nickel explorer and producer and has secured interests in two resources through partnership. In time DNi will acquire and develop its own projects.