Poseidon Nickel Lake Johnston Restart Feasibility Study
Poseidon Nickel Limited (ASX:POS) is pleased to announce that the Lake Johnston Nickel Operation ‘Restart Bankable Feasibility Study’ (BFS) is well progressed and is announcing the interim results. Poseidon Nickel initiated major work toward an early operational restart upon signing the Lake Johnston Asset Sales Agreement (ASA) with Norilsk Nickel Australia (Norilsk) in early September 2014. However, some work was restricted until the final purchase of the operation in November 2014. This update summarises the significant progress towards, and generally past a BFS level of study.