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OVERVIEW

The Black Swan Project is located approximately 600km east of Perth and 50km northeast of Kalgoorlie, Western Australia and 300kms South of Poseidon’s Windarra Nickel Project.

 

The operations include the Black Swan open pit mine, the Silver Swan high-grade underground mine, the Black Swan sulphide concentrator (2.15Mtpa) and supporting infrastructure.

 

The Black Swan deposit contains serpentine ore (0.74% Ni) and talc carbonate ore (0.71% Ni).

 

The Silver Swan underground mine contains 147kt @ 11.48% Ni for 17.0kt contained Ni.

 

The current process plant was built and upgraded in 2007 and put on care and maintenance in February 2009 following a period of low Ni prices (US$10,410/t at the time).