MINISTERIO DE ENERGÍA Y MINAS CUBA CENTRAL REGION:

CIEGO – CAMAGUEY – TUNAS REGION: MINISTERIO DE ENERGÍA Y MINAS CIEGO – CAMAGUEY – TUNAS REGION:

HOLGUÍN Y MACIZO SAGUA – BARACOA REGION: MINISTERIO DE ENERGÍA Y MINAS HOLGUÍN Y MACIZO SAGUA – BARACOA REGION:

MINISTERIO DE ENERGÍA Y MINAS SIERRA MAESTRA REGION

MINERAL RESOURCES AVAILABLE TO CUBANIQUEL NICKEL MINERALS RESOURCES Mayarí - Moa Cajálbana San Felipe Mineral Resources 1150 MMTon 1,25 % Ni 0,098 % Co 39,4 % Fe

Development of New Projects FERRONÍQUEL MINERA S.A. PROJECT Location: Moa, Holguín province. Design capacity: 23 000 Ni t per year. Ore reserves available: 42,9 Million tons of saprolite Capital Cost : $US 1 033 Millons. Current Status : Under Construction.

Development of New Projects PINARES WEST PROJECT Location: Mayarí, Holguín province. Design Capacity : Ni 36 000 t per year and Co 4 000 t per year. Finished product: Ni and Co Briquettes. Capital cost: approximately $US 3 000 Millions. Ore Resources with Ni Cut Off of 0.9% : 190.1 Millions t, at a grade of 45.3% Fe, 1.15% Ni and 0.125% Co. Current Status : Conceptual Feasibility Study

Development of New Projects SAN FELIPE PROJECT Location: Camagüey province. Design capacity : Ni 46 000 t per year and Co 4 000 t per year. Finished product : Ni and Co Briquettes. Capital cost: approximately $US 3 500 Millones. Ore Resources with Ni Cut Off of 0.8% Ni: 305 Millions t, at a grade of 1.26% Ni and 0.05% Co. Current Status : Research and Development.