QUARTERLY REPORT - 31 March 2015

Dear Mr Lemaire

We are pleased to provide herewith a link to a high-resolution PDF of the above Quarterly Report, which was released to the market today. Please click here (1.93 Mb)  to follow the link to the report.

For your easy reference, noted below are the highlights of the March 2015 quarter:

• Aggressive exploration drilling through the Quarter yields strong results with significant advances at all four of Mincor's potential growth projects.
• High-grade intersections at Cassini confirm significant nickel potential with mineralisation now defined over a 430 metre plunge length. Results include:
  • 6.73 metres @ 4.81% nickel (estimated true width 6.21 metres)
  • 4.86 metres @ 3.48% nickel (estimated true width 4.58 metres)
  • 7.98 metres @ 4.35% nickel (estimated true width 4.8 metres)
  • 5.76 metres @ 3.21% nickel (estimated true width 5.0 metres)
  • 4.99 metres @ 6.08% nickel (estimated true width 4.2 metres)
• Strong nickel intersections at Burnett  highlight future upside for Miitel:
  • 3.23 metres @ 4.02% nickel (estimated true width 2.1 metres)
  • 1.77 metres @ 5.29% nickel (estimated true width 1.2 metres)
  • 2.33 metres @ 4.82% nickel (estimated true width 1.3 metres)
  • 6.56 metres @ 4.15% nickel (estimated true width 3.3 metres)
  • 5.03 metres @ 3.05% nickel (estimated true width 2.6 metres)
• Successful drilling program at Durkin North  likely to generate an increase in the Mineral Resource:
  • 2.39 metres @ 6.45% nickel (estimated true width 2.0 metres)
  • 2.99 metres @ 6.26% nickel (estimated true width 2.2 metres)
  • 2.77 metres @ 3.24% nickel (estimated true width 2.2 metres)
  • 1.99 metres @ 5.99% nickel (estimated true width 1.7 metres)
• Drilling program at Voyce reaches completion with spectacular intersections:
  • 8.81 metres @ 7.72% nickel (estimated true width 7.6 metres)
  • 1.98 metres @ 6.79% nickel (estimated true width 1.9 metres)
• Mine production down on the December Quarter but in line with guidance, cash costs up due to lower ore production and lower grades: Quarterly production of 1,937 tonnes of nickel-in-ore generated at cash costs of A$6.81/lb payable nickel.
• After payment of the interim dividend to shareholders of $3,76 million, mine capital and development expenditures of $4.43 million, the acquisition of new plant and equipment of $0.69 million , extensional and regional exploration expenditures of $3.96 million , and   negative provisional pricing adjustments of $1.14 million,  Mincor had Quarter-end working capital (cash and receivables minus creditors and accruals) of $41.62 million  (end-Dec: $55.07 million) and cash at bank of $43.89 million (end-Dec: $53.61 million).

Please feel free to contact us with any queries or comments.

Kind regards
Hayley Orr
Investor Relations Coordinator

MINCOR RESOURCES NL

T (+61 8) 9476 7200
F (+61 8) 9321 8994
For more information, visit www.mincor.com.au

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