Poseidon Nickel Limited's Peter Harold speaks with Proactive following further high-grade assays from nine holes in the Golden Swan drilling program ahead of a maiden resource which is scheduled for release in the September quarter. The program is designed to increase confidence in the continuity of the Golden Swan mineralisation, with completion taking place ahead of schedule at the end of July with 60 holes drilled for a total of 15,968 metres drilled.
| Veteran resources journalist and ‘Garimpeiro’ columnist Barry FitzGerald interviews Peter Harold, Managing Director & CEO. |
Poseidon managing director and CEO Peter Harold reckons the company’s WA projects are at the centre of a perfect storm – poised to enter production in 2022 as nickel demand is forecast to soar.
“I think there is a supply shortage coming, I think we’re already seeing it now,” he said.
AS THE nickel price closes in on circa-US$20,000/t, Poseidon Nickel has got capital cost visibility on restarting the 150,000t per annum high grade circuit at Black Swan, north of Kalgoorlie, Western Australia.
Poseidon Nickel has outlined in a definitive feasibility study that its Windarra tailings project in Western Australia could produce up to 55,200 ounces of gold in under four years.
The Windarra project is comprised of the Windarra gold tailings mineral resource and the Lancefield gold tailings mineral resource.
It took a full five years for electric vehicle sales to reach 1 million in 2015.
Since then, things have gone exponential. In 2021, we are hitting those numbers in weeks and months, not years.
In China about 235,000 plug-ins were sold in June alone – a new record — which translates to 15% market share.
Poseidon Nickel (POS) is floating the prospect of upgrading two nickel plants after determining the upgrades would be relatively low in cost and take six months to complete.
The results stem from a scoping study undertaken by POS to determine the estimated costs for refurbishing two processing plants at the Black Swan Project 50 kilometres northeast of Kalgoorlie.
After months of rumours, BHP (ASX:BHP) has finally revealed one of the mining industry’s worst kept secrets – that it will become a supplier of nickel to EV giant Tesla.
The news was not price sensitive for BHP apparently, but drove the miner to a ~3% gain yesterday.
Nickel is just hot right now, thanks to taste maker Elon Musk.
But today’s announcement from WA nickel stock Poseidon was spruiking the “robust” 150,000oz gold and 375,000oz silver ‘Windarra’ tailings project.
Poseidon Nickels' (POS) newly released Definitive Feasibility Study (DFS) shows the Windarra Gold Tailings Project could produce up to 55,200 ounces of gold.
The DFS assigned the tailings project an ore reserve of up to 5.73 million tonnes, for 150,000 ounces of gold and 375,000 ounces of silver.