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HCY-SOLID NICKEL & COBALT DRILL RESULTS AT CANEGRASS

ASX Announcement & Media Release
4 October 2007

SOLID NICKEL & COBALT DRILL RESULTS AT CANEGRASS
Highlights
• Joint drilling program between Wingstar and Halcyon hits solid nickel and cobalt results
• Best Ni result, HSIC017, 14m @ 2.02% Ni, 0.18% Co, from 1 m below the surface
• Best Co result, HSIC129, 4m @ 0.92 %Ni, 0.82% Co, from 18m below surface
• Zones of high nickel and cobalt enrichment found
• Revised resource estimate based on the new drilling data will be announced in the near future
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http://www.australiannickelconference.com/iggy_tan.25.html
Iggy Tan
Managing Director
Halcyon Group Ltd
Iggy Tan is an experienced operations manager with over 20 years of experience in the mining and chemical industry. He has also a proven background in both marketing and business development.
Mr Tan has worked with SCM Chemicals, Sons of Gwalia, Westlime, Iluka Resources, Imdex Minerals and Metals X.

His responsibilities have included the commissioning and operations management of several significant mining and processing projects in Western Australia. His latest role was Executive General Manager of Metals X Limited, a Tin and Nickel mining and exploration company.

He was General Manager Operations for Iluka Resources’ most productive mineral sands operations at Eneabba, and Geraldton from 2000 to 2004 During his time at Iluka, he won the Prime Minister’s Community and Business Partnership award for industry commitment to local communities in WA.

Mr Tan is a former Chairman of the Western Australian Chamber of Minerals and Energy’s Murchison Regional Council.