Poseidon Nickel Limited (ASX Code: POS) is a nickel sulphide exploration and development company with three projects located within a radius of 300km from Kalgoorlie in the Goldfields region of Western Australia and a resource base of over 420,000 tonnes of nickel and 180,000 ounces of gold.
Poseidon owns the Black Swan, Lake Johnston and Windarra Nickel Projects. In addition to the mines and infrastructure including concentrators at Black Swan and Lake Johnston, these strategic projects have significant exploration opportunities demonstrated by the discovery of the Golden Swan high-grade resource at Black Swan in 2020 and the recent nickel intersections along the Western Ultramafic Unit at Lake Johnston.
The Company expects a more favourable environment for project development beyond 2023 and will be focussing on achieving its strategic objectives of developing a pathway to production, targeted exploration and additional business development opportunities.
Over 50km of high potential basal contact formations have been identified across the Company's strategic assets. The ongoing exploration efforts of the Company will seek to identify high grade massive sulphide mineralisation potential to add our current resource base.
Poseidon Nickel's assets strategically located in Western Australia