Australia’s New Nickel buys Lake Johnston Nickel Project from Norilsk Nickel

Poseidon Nickel Limited (ASX:POS) is pleased to announce that it has agreed to acquire the Lake Johnston Nickel Project (“Lake Johnston”) from OJSC MMC Norilsk Nickel (“Norilsk”). The acquisition of Lake Johnston would be in addition to the Black Swan acquisition announced on 7th July 2014.


Lake Johnston includes the Maggie Hays underground mine and a 1.5 million tonne per annum concentrator plant. The process plant and mine were placed on care and maintenance in April 2013 and have been maintained to a high standard and are in an operational ready condition.


Download and read the full ASX Announcement from Poseidon Nickel Limited, click here.


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