Toledo Mining is focused solely on nickel laterite deposits in the Philippines.

Initial activities are centred on developing a direct-shipping laterite operation at Berong, whereby the ore will be sold FOB Philippines to nickel smelters. 

The company has an economic 56.1% interest in the Berong, Moorson, Long Point and Ulugan deposits (referred to collectively as the Berong Deposit), all on Palawan Island, which have a combined pre-JORC resource of approximately 275 million tonnes of nickel ore at around 1.3% nickel (ni). The company also has interests in an additional laterite property, Celestial which has pre-JORC resource of approximately 75 million tonnes at around 1.25% nickel.

Both Berong and Celestial deposits total a combined, pre-JORC resource of some 350mt@1.3%Ni.

Berong is believed to be the world's fourth largest nickel laterite resource Company.  Together, Berong, Ipilan and Ulugan represent world class projects with a combined resource of some 345 million tonnes at 1.3% nickel and an estimated total nickel content of more than 4.6 million tonnes. The deposits offer the potential to recover both limonite and saprolite ore.