Mirabela Nickel Ltd. wishes to provide the following update. Further to the announcement made on 30 October 2015, the Company's wholly owned Brazil subsidiary, Mirabela Mineração do Brasil Ltda implemented a Lower Production Model (LPM) in October 2015. As a result of implementation of the LPM, production for 2015 changed from an estimated 16,500 – 18,000 tonnes of nickel contained in concentrate to
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