About

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 around 400,000 tonnes of nickel and 180,000 ounces of gold.

Board and management are committed to a vision of building Poseidon into a sustainable nickel producer delivering value through performance and growth. The recently announced “Fill the Mill” strategy to commence mining and processing at Black Swan is viewed as a first step in growing the business to a plus 15ktpa nickel producer.

Poseidon owns three significant nickel assets with combined resources of close to 400kt of nickel
and aggregated processing capacity to treat up to 3.5Mtpa of nickel ore. Our business strategy is
focussed on leveraging our existing asset base to grow Poseidon into a significant nickel producer over a period of expected significant growth in nickel demand largely driven by growth in the electric
vehicle market.

To achieve its vision the Company will focus on developing a pathway to production, targeted exploration across our nickel asset portfolio and consider business development opportunities
proximal to our existing assets. Our strategic pillars are summarised in the Company’s Business Strategy shown in Figure 1 below.

Key enablers to the Company strategy are ensuring key capabilities are resourced (either employees or contractors) to execute the strategy, the business is sufficiently funded for its growth path and we
implement a strong ESG framework. The Company is early on its path to achieving its vision with these enablers continually assessed as we progress toward our stated goals.

Figure 1 -Poseidon Business Strategy
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