FILED BY NORANDA INC.
                                  PURSUANT TO RULE 425 UNDER THE SECURITIES ACT
                                  OF 1933
                                  SUBJECT COMPANY: FALCONBRIDGE LIMITED
                                  COMMISSION FILE NO.: 333-123547
                                  NORANDA INC. COMMISSION FILE NO. 333-123546


Additional slide used by Falconbridge on April 21, 2005 in a presentation
using the slides filed under Rule 425 on March 29, 2005.

This communication is being made in respect of (a) the offer (the
"Falconbridge Offer") by Noranda Inc. to acquire all of the outstanding
common shares of Falconbridge Limited (other than shares owned by Noranda)
on the basis of 1.77 Noranda common shares for each Falconbridge common
share and (b) the issuer bid (the "Preference Share Exchange Offer") by
Noranda to repurchase approximately 63.4 million Noranda common shares in
exchange for three new series of preference shares. In connection with the
Falconbridge Offer and the Preference Share Exchange Offer, Noranda filed
with the U.S. Securities and Exchange Commission (the "SEC") registration
statements on Form F-8 containing a share exchange take-over bid circular
to be delivered to the shareholders of Falconbridge and an issuer bid
circular to be delivered to shareholders of Noranda. Noranda, if required,
will be filing other documents regarding the transactions with the SEC.

INVESTORS ARE URGED TO READ CAREFULLY THE SHARE EXCHANGE TAKE-OVER BID
CIRCULAR AND THE ISSUER BID CIRCULAR AND ANY OTHER RELEVANT DOCUMENTS FILED
OR TO BE FILED WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION.

Investors will be able to obtain documents filed with the SEC free of
charge at the SEC's website (www.sec.gov). In addition, documents filed
with the SEC by Noranda may be obtained free of charge by contacting
Noranda at (416) 982-7111.

                                   * * *

Before we conclude, I wanted to make a few comments on the proposed merger
with Noranda that was announced on March 9.

Just to remind you, the Noranda Issuer Bid expires on April 28, and the
Falconbridge Takeover Bid expires on May 5.

Over the past four weeks we have met with over 150 large institutional
investors in Canada, the U.S. and Europe and I can say that the support has
been very positive, which has been very encouraging for us.

It's been recognized that this transaction has a number of positive aspects
for Falconbridge, including the simplification of the ownership structure,
increased shareholder float and larger critical mass which will reduce the
concentration risk of any one operation or project.

The outlook for the new company was of particular interest. As one of the
world's largest base metal producers with a high quality portfolio of
growth projects and a simplified ownership structure the appeal of the
company has clearly been enhanced and I believe will benefit from the
expansion of its shareholder base.