Company Overview

It is the vision of the board and management of Proto Resources to provide shareholders with the opportunity to invest in a company focused on nickel-cobalt and iron ore development while maintaining a strong exploration program concentrating on copper and nickel sulphide targets across Australia.

The company’s strategy is to pursue a two-pronged approach of seeking production earnings from its flagship Barnes Hill project in order to propel the company’s exploration efforts and form a sustainable ‘bridge’ to further profitable development opportunities.

The Barnes Hill nickel-cobalt and iron ore project is located in northern Tasmania and ideally situated just 10 km from the Bell Bay deep water port and 2 km from the operating Beaconsfield Gold Mine. The Barnes Hill nickel-cobalt resource is ‘capped’ by an iron-ore mineralisation.

Another major driver of value-creation moving forward is Proto Resources' exposure (through its majority shareholding) in Barrier Bay Pty Ltd’s unique nickel laterite processing technology which is expected to dramatically reduce the capex and opex costs at Barnes Hill with substantial positive flow through effects on underlying net profits. This technology is an important investment arm for Proto Resources from which the company envisages substantial future dividends.

Proto Resources also provides exciting upside with world class discovery potential through its suite of highly prospective exploration projects.