HRR

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HERON RESOURCES LIMITED (Heron) is a Kalgoorlie-based mineral exploration and development company. The principal activities of Heron during the fiscal year ended June 30, 2006 (fiscal 2006), were laterite nickel mineral exploration and development through sole funded and joint venture activities, and non-laterite nickel mineral exploration activities, generally in relation to mineral properties intended for divestment. Heron undertakes resource definition drilling and feasibility studies in relation to the provision of additional nickel laterite resources to the Kalgoorlie Nickel project partnership. Field programs, such as drill rig access and hydrological monitoring are implemented under long-term contracts to operators. During fiscal 2006, Heron acquired 100% rights to the Highway mineral resources from Helix Resources NL. In October 2006, Heron acquired a 29.45% interest in Polaris Metals NL. In December 2006, Heron acquired a 37.50% interest in Epsilon Energy Limited.

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HRR-rel-Nickel.png

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