The Mount Keith (MKD5) nickel sulfide deposit is one of the largest komatiite-hosted nickel sulfide deposits in the world; it is hosted by a distinctive spinifex-free, cumulate-rich, ultramafic horizon/unit termed the Mount Keith Ultramafic (MKU). The Mount Keith Ultramafic shows significant variation along its lateral extent. The internal architecture is made up of adcumulate-textured pods and lenses, which are flanked by thinner meso- and orthocumulate-textured units, overlain by pyroxenitic and gabbroic horizons. The lateral and vertical changes in the geometry and internal architecture reflect variations in the lithological association and emplacement conditions along the strike extent of the belt. The chilled margins of the Mount Keith Ultramafic unit contain ∼1,200 ppm Ni. Olivine cumulates average ∼2,500–3,500 ppm Ni, with few exceptions (Ni > 4,500 ppm) reflecting occurrence of minor nickel sulfides, whereas pyroxenites and gabbros generally contain, respectively, ∼1,500–2,000 and ∼100–1,000 ppm Ni. Olivine cumulates generally contain low Cr concentrations ( 5,000 ppm Cr). The internal stratigraphy of the Mount Keith Ultramafic unit may be subdivided into two groups based on rare earth element distribution. The chilled margins and the internal units of the Main Adcumulate domain display LREE-enriched patterns [(La/Sm)n > 1–3] and negative Eu, Hf, Zr, Nb, and Ti anomalies. The internal units in the Western Mineralized Zone generally display flat chondrite-normalized REE patterns and only minor negative Nb anomalies. The pattern of platinum-group element (PGE) distribution varies greatly along the strike extent of the Mount Keith Ultramafic unit. The chilled margins display relatively low absolute concentrations [PGE (excl. Os) ∼16 ppb] and relatively fractionated patterns, with subchondritic Pt/Pd ratios (∼1.5), and superchondritic Pd/Ir ratios (∼3). The PGE trends in the thick adcumulate-textured pods containing widespread nickel sulfide mineralization display positive correlation with sulfide abundance, whereas fractionated pyroxenites and gabbros in the thinner domains display highly depleted PGE concentrations and generally show compatible PGE trends. The nickel sulfide ore typology and style vary greatly along the strike extension of the Mount Keith Ultramafic unit. Basal massive nickel sulfide mineralization (e.g., Sarah’s Find) occurs in the thinner meso- and orthocumulate-textured units, whereas stratabound disseminated nickel sulfide mineralization (e.g., MKD5 Ni Deposit) is hosted in the adcumulate-textured pods. We hypothesize that the very low PGE content of the initial liquid of the Mount Keith Ultramafic unit indicates that the initial magma pulse that penetrated through the dacite host-rock had already equilibrated with sulfides at depth and/or carried entrained immiscible sulfide blebs. We argue that upon emplacement, the intruding magma experienced a significant thermal shock at the contact with water-saturated volcaniclastic breccias. The sudden chilling would have increased the viscosity of the magma, possibly to the point where it was no longer able to sustain the suspension of the immiscible sulfide liquid. As a result, the sulfide blebs coalesced and formed the basal massive sulfide nickel sulfide mineralization at the base of the sill (i.e., Sarah’s Find). Prolonged focused high volume magma flow within the sill resulted in the emplacement of a thick, lens-shaped accumulation of olivine adcumulate. Local variations in intensive parameters other than crustal assimilation (e.g., T, fO2, fS2) may be principally responsible for sulfide supersaturation and controlled the local distribution of stratabound disseminated nickel sulfide mineralization (e.g., MKD5 Ni Deposit), generally localized within the core of the thicker dunite lenses.