Miranda Nickel Project (100% Nickel Rights), Western Australia

The Miranda Nickel Project occupies an area of approximately 399km^2_, immediately north of the township of Agnew and covers the interpreted southern extension of the Mt Goode Ultramafic Belt. The project is located some 40 kilometres northwest of Breakaway's Wildara Project and 6 kilometres south of Jubilee's Cosmos-Prospero nickel complex (approximately 450,000 tonnes of published contained nickel resources).

 At Miranda, Breakaway owns 100% of the nickel rights with Gold Fields Australia Limited owning the gold rights. Most of the historic exploration activity in this belt has been targeted towards gold.

Breakaway undertook a 3,400m program of RC and diamond drilling at the Wildara and Miranda Nickel Projects during early 2011. While the drilling confirmed the presence of the prospective ultramafic host horizon for nickel sulphide mineralisation at several key target areas, the drilling failed to generate any economic intersections.

Given the fact that nickel sulphide exploration generally requires a fairly lengthy time horizon and a sustained funding commitment, the future of Miranda Nickel Project is under review.