MBMI Resources Inc. (MBR:CA)

MBMI Resources Inc. is a Canadian-based mining company focused on the exploration and development of nickel mineral properties in the Philippines. MBMI and its partners control nine nickel laterite projects in the Philippines, covering an area greater than 22,000 hectares. MBMI's objective is to become a major supplier of high-grade nickel material to primary industrial consumers in Asia.



The Company's Philippine partners were granted Small Scale Mining Operating permits for the Alpha nickel property in Narra, Philippines which have enabled the evaluation, extraction, testing, and sales of nickel raw materials to Asian industrial consumers



In June of 2010 the Company announced the approval of a consolidated Financial and Technical Assistance Agreement (FTAA) with the Philippine Government which allows large-scale exploration, development and utilization of minerals on the four (4) properties on Palawan, Philippines.

Project Overview

All of MBMI's properties are located in the Philippines and are within the known nickel geological trends that contain and/or produce raw nickel materials. Each of the properties has had historic exploration activity which has confirmed the presence of nickel mineralization.



The Company is focused on identifying and developing high-grade nickel zones which can support Direct Shipping Operations ("DSO"). Under DSO, nickel laterite material is excavated and the resultant product is segregated according to grade. The material is then air dried to reduce the moisture content and blended to meet customer specifications. The blended material is then loaded on barges for transfer to ocean-going bulk ore freighters for sale to nickel processing plants. The material is sold for a percentage of the nickel price as stated by the London Metal Exchange ("LME").