Nickel Industries Limited ('Nickel Industries' or the 'Company') holds an 80% interest in the share capital of PT Hengjaya Mineralindo, an Indonesian PMA company. The remaining 20% interest in PT Hengjaya is owned by the Company's Indonesian partner, The Wijoyo Family. PT Hengjaya holds a 100% interest in the Hengjaya nickel project (Hengjaya Mine) located in the Morowali Regency, on the east coast of the province of Central Sulawesi, Indonesia.

The Hengjaya Mine is located in the Morowali Regency of the east coast province of Central Sulawesi, Indonesia, on an IUP permit concession area covering 5,983 hectares. In 2012 PT Hengjaya was issued a 20-year mining operation/production licence including a further 10-year extension option.

Since acquiring its interest in the Hengjaya Mine, Nickel Industries has advanced the project through the various permitting, exploration, community socialisation, environmental studies and feasibility and development stages (including construction of a haul road, jetty and stockpile area) to the point where production commenced in October 2012 ahead of a maiden shipment of unprocessed ore in February 2013. A number of high-grade ore (~2%) shipments were made to China and Japan over the course of 2013.

In January 2019 commenced supplying ore to the Company's then 60% (now 80%) owned subsidiary Hengjaya Nickel, operator of the Hengjaya Nickel RKEF project and when the Ranger Nickel RKEF project commenced production in May 2019 the Hengjaya Mine also commenced supplying ore to Ranger Nickel.

The Hengjaya mine is one of the only large tonnage, high grade saprolite mines in close proximity to Tsingshan’s Indonesian Morowali Industrial Park (IMIP).

Vision

Through best practice and dedication, become the leading Nickel mining company in Indonesia

Mission

To create value for our shareholders, our employees, our business and social partners through safe and responsible operations

Golden Rules

Create a safety rule that supports vision and company mission so that a mining safety policy is achieved

1

Do not work if you unfit and always using the correct PPE.

2

Prohibited to operate or modify equipment unless competent and have authority.

3

Do not use the equipment without following procedure.

4

Do not delete, shortcut or modified safety protection devices or notices without permission.

5

Do not working at height without using personal fall protection devices.

6

Do not use a lifting device outside the criteria for using the tool and don't stand under the load.

7

Do not entering restricted areas or areas without permission.

8

Prohibited to dispose of hazardous and toxic materials (B3) and or Hazardous and Toxic Waste (LB3) in around the Mine area.

9

Prohibited to dispose Domestic waste except in the place that have been provided

10

Forbidden to damage or disturb plants, in the reclamation area and outside the reclamation area.

11

Forbidden to hunt any Fauna in the operational area of PT. HM especially fauna protected by the Law of the Republic of Indonesia.