TALVIVAARA

Western Areas announced projects update in their interests in Australia, Findland and Canada. Higlights include; Spotted Quoll Mine in Australia continue to intersect high grade nickel indicating potential for an increase in resources and reserves. In Finland, Magnus Minerals have formally executed a Deed of Acknowledgement which confirms Western Areas is now the major shareholder (75%) in FinnAust Mining Plc. and in Canada, Western Areas earning 65% from Mustang Minerals Corp at their nickel, copper and platinum group of minerals East Bull Lake property.

Announced the delivery of the first nickel project to the Norilsk Nickel Harjavalta refinery.

For the quarter ended reported that work done on the Kuusilampi deposit results in a significant increase in mineral resources with the measured and indicated mineral resources increasing by 42% to 642 million tonnes, while the total mineral resources grew by 76% to 1,004 million tonnes.