Poseidon Nickel has announced hopeful results from its gold exploration, pivoting its focus on producing the commodity after a terminated deal with Mineral Resources.
The West Perth-based company today announced rock chip samples at its Windarra prospect confirmed gold mineralisation.
Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF) continues to demonstrate the greenfields potential of its Windarra, Lake Johnston and Black Swan projects in Western Australia outside of their nickel resources with ongoing exploration highlighting gold prospectivity.
Since taking over the reins of Poseidon Nickel, Peter Harold has been steadily working towards restarting mining production. Here, Peter addresses recent setbacks to restarting as outlined in the ASX announcmenet of July 17, 2023.
Click here to read the ASX Announcement dated 17 July 2023, "Black Swan Update & Exploration Plans"
Poseidon Nickel is higher after uncovering greenfield nickel intersections during reconnaissance drilling targeting the newly-identified Western Ultramafic Unit (WUU) at its Lake Johnston project in Western Australia.
Read Proactive Investors Article here
Poseidon Nickel (ASX: POS “the Company”) is pleased to present the recording of the webcast held on the 19th July 2023, where management presented its latest corporate presentation and shareholders were briefed on information presented in ASX Announcement, ‘Black Swan Update & Exploration Plans’ dated 17 July 2023.
Poseidon Nickel Ltd has passed a key milestone by completing an updated Black Swan disseminated resource and block model, further de-risking the Western Australian nickel mine towards a restart.
Read Proactive Investors Article
Managing Director Peter Harold speaks with Proactive after announcing an increase to the Black Swan disseminated resource estimate of 26.3 million tonnes at 0.72% nickel for 189,000 tonnes of contained nickel. He says the update is an important milestone for the company underpinning the project operating model as POS moves towards making a final investment decision.
Poseidon Nickel is in an even better position to become Australia’s next nickel sulphide producer after delivering significantly higher resource inventory as the company approaches a final investment decision at the Black Swan project in Western Australia.
Read Stockhead Article at the Australian Business Review
Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF) CEO Peter Harold tells Proactive Investors they're continuing to de-risk operations for the restart of its Black Swan nickel project, 50 kilometres northeast of Kalgoorlie in Western Australia. Two underground rigs are currently testing the potential down-plunge extensions and infilling existing inferred resources at the Silver Swan underground mine within the Black Swan project.
Managing Director Peter Harold discusses with Proactive, plans to restart operations at the Black Swan Project in Western Australia, which includes refurbishing the 1.1 million tonnes per annum processing circuit to maximise nickel concentrate production.