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ASX:POSOTC:PSDNFFRA:NYG1
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Poseidon Nickel advances towards Black Swan Project restart with aggressive exploration planned at Golden Swan discovery

Snapshot

  • Poseidon Nickel’s maiden nickel-cobalt tailings estimate to enhance Black Swan project
  • Poseidon Nickel grows Golden Swan potential with more high-grade nickel sulphide intersections
  • Poseidon Nickel outlines 'fill the mill' restart strategy for Black Swan
Poseidon Nickel Ltd - Poseidon Nickel advances towards Black Swan Project re-start with aggressive exploration planned at the Golden Swan discovery

Quick facts: Poseidon Nickel Ltd

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ASX:POS

Price: 0.1 AUD

Market Cap: $306.4 m

About the company

Poseidon Nickel Ltd (ASX:POS) (OTCMKTS:PSDNK) (FRA:NYG1) is a Western Australia-focused nickel sulphide exploration and development company with a resource base of around 400,000 tonnes of nickel and 180,000 ounces of gold.

The company's overarching aim is to explore and eventually established nickel operations where project risk capital and operating costs are low.

Poseidon is developing the Windarra, Black Swan and the Lake Johnston nickel projects, where exploration upside has been demonstrated within the Abi Rose deposit at Lake Johnston and the discovery of the Golden Swan mineralisation at Black Swan.

How it is doing

15 Sep 2021

Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF, FRA:NYG1) has enhanced the Black Swan Project in Western Australia by way of a maiden resource estimate for the Silver Swan Tailings (SST) of 6,200 tonnes of nickel and 460 tonnes of cobalt.

The SST resource of 675,000 tonnes at 0.92% nickel and 683 ppm cobalt supports the concept to co-process SST with Black Swan Disseminated (BSD) open pit ore.

This would increase the Fe:MgO ratio of Black Swan product and thus improve its marketability while also aligning with Poseidon’s ‘Fill the Mill’ strategy for the project.

Managing director and CEO Peter Harold said: “The Silver Swan Tailings are a low cost, high Fe:MgO ratio ore feed for our 'Fill The Mill' strategy.

10 Sep 2021

Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF, FRA:NYG1) has a clear pathway towards restarting operations at its Black Swan Project in Western Australia, which includes refurbishing the 1.1 million tonnes per annum processing circuit to maximise nickel concentrate production. 

Following the outcomes of a scoping study completed by GR Engineering Services Ltd (ASX:GNG) (GRES) in late July, the company has determined that the new ‘fill the mill’ strategy is the most economically attractive production scenario.

31 Aug 2021

Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF, FRA:NYG1) has fielded more strong assays from the Golden Swan resource drilling program within its Black Swan Nickel Project, 50 kilometres northeast of Kalgoorlie in Western Ausralia’s Goldfields region, ahead of an initial resource estimate primed for the end of September.

Designed to increase the confidence in the continuity of Golden Swan mineralisation to JORC inferred and indicated levels, the program was completed ahead of schedule at the end of July with 60 holes drilled for a total of 15,968 metres.

Insight: Poseidon Nickel grows Golden Swan potential with more high-grade nickel...

27 Jul 2021

Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF, FRA:NYG1) has delivered another round of positive drilling results within the Golden Swan trend at the highly promising Black Swan Project in Western Australia.

Further nickel sulphide intersections within the Golden Swan trend achieved include:

What management says

13 Sep 2021

Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF, FRA:NYG1)'s Peter Harold discusses with Proactive plans to restart operations at its Black Swan Project in Western Australia, which includes refurbishing the 1.1 million tonnes per annum processing circuit to maximise nickel concentrate production. Following the outcomes of a scoping study completed by GR Engineering Services Ltd (ASX:GNG) in late July, the company has determined that the new ‘fill the mill’ strategy is the most economically attractive production scenario.

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Poseidon Nickel outlines 'fill the mill' restart strategy for Black Swan

Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF, FRA:NYG1)'s Peter Harold discusses with Proactive plans to restart operations at its Black Swan Project in Western Australia, which includes refurbishing the 1.1 million tonnes per annum processing circuit to maximise nickel concentrate production....

1 week, 5 days ago

4 min read