Poseidon Nickel CEO and MD David Singleton provides an update on the recent Lake Johnston acquisition and the company’s plans already in place to bring the mine back into production.

Poseidon Nickel Ltd. (ASX:POS) presents its plans for Lake Johnston, Windarra and Black Swan operations at the 2014 Poseidon Nickel Annual General Meeting held in Perth today. The company plans to bring Lake Johnston, as well as the Mt. Windarra project, back into production within “six months of final financing and successful completion of the Lake Johnston DFS.

 

View the Poseidon Nickel 2014 AGM presentation here >

 

 

Poseidon Nickel Ltd. (ASX:POS) announced that it has completed its acquisition of the Lake Johnston nickel project. The company plans to bring that project, as well as the Mt. Windarra project, back into production within “six months of final financing and successful completion of the Lake Johnston DFS.”

 

View the Nickel Investing News online report here >

 

 

Australia’s Poseidon Nickel has completed its purchase of the Lake Johnston nickel project from Norilsk Nickel.

"We are working on plans to return the Lake Johnston and the Mt Windarra nickel project to production within six months of final financing and completion of the Lake Johnston definitive feasibility study," the company said on Thursday November 13. "We now have a realistic and clear pathway to production, with profitable projects at current average nickel prices," David Singleton, ceo, said in the statement. Poseidon had agreed to acquire Lake Johnston...

 

 

View the MetalBulletin online report here >

 

 

Poseidon aims to complete a DFS within a month for the return to production at the Lake Johnston nickel project in Western Australia, after completing the $A1M acquisition of the mothballed project from Norilsk Nickel.

 

View the Mining Business Media online report here >

 

 

PERTH (miningweekly.com) – Nickel developer Poseidon Nickel has completed the purchase of the Lake Johnston project from major Norilsk Nickel and is hoping to restart production.

 

View the Mining Weekly online report here >

 

 

THE BOURSE WHISPERER: Poseidon Nickel (ASX: POS) has completed the acquisition of the Lake Johnston nickel project from Norilsk. The company said it is planning to return Lake Johnston and its Mt Windarra nickel project to production within six months of final financing and completion of a Definitive Feasibility Study for the Lake Johnston.

 

View the Resoources Roadhouse online report here >

 

 

View the Patersons Securities Limited online report here >

 

 

Eye on re-starts: POS has started to prepare for production re-starts at both the Lake Johnston and Mt Windarra projects within 6 months of financing. POS estimates restart costs of approximately $11m at Mt Windarra and around $12m at Lake Johnston. A re-start at Black Swan for around $12m in start-up capital will occur at a later date and funded from operational cash flow.

 

 View the DJ Carmichael Retail Flash Note here >

 

 

Poseidon Nickel (ASX:POS) has now completed the purchase of Lake Johnston from Norilsk Nickel, which is one of the company's recent "company-making" acquisitions in Western Australia.
Poseidon plans to return Lake Johnston and Mt Windarra projects to nickel production within six months of final financing. Black Swan, which was also acquired from Norilsk, will then follow.

 

 

View the Proactive Investors online coverage here >

 

 

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