Take the opportunity to view recent drone footage of our Lake Johnston Operation. Its a great opportunity to see the site from the air and gain a clear understanding of the location, environment and infrastructure in place.
Poseidon Nickel Chairman, Mr Chris Indermaur discusses plans to appoint a replacement CEO; key challenges for 2017; restarting Silver Swan; Kidman Resources ore processing at Lake Johnston; progress on Lithium fieldwork activities and other potential opportunities identified by Poseidon Nickel.
Poseidon Nickel GM Geology, Mr Neil Hutchison, provides an informative update on the Silver Swan Resource upgrade, the Abi Rose discovery and the lithium field work progress.
Poseidon Nickel CEO and MD David Singleton provides an update on the completion of a full Bankable Feasibility Study (BFS) for its 100% owned Lake Johnston Nickel Project. The study supports its strong economics and confirms that operations can be brought back into operation in a few months, at a low level of capital investment and that no regulatory or technical barriers exist.
Poseidon Nickel Limited (ASX:POS) is pleased to announce the sale of nickel concentrate from its Lake Johnston facility. The sale is for up to 4,000 tonnes of concentrate with an approximate value of A$2.3m*.
For further information on this latest news, click here to read the full article.
Poseidon Nickel Limited (ASX:POS or the Company) is pleased to announce that it has completed a full Bankable Feasibility Study (BFS) for its 100% owned Lake Johnston Nickel Project which supports its strong economics. The study confirms that the operations can be brought back into operation in a few months, at a low level of capital investment and that no regulatory or technical barriers exist.
Lake Johnston was in full scale operations only 2 years ago so the purpose of the study was to confirm the necessary steps required to restart mining and processing and to confirm the required capital and operating costs. The study also presented Poseidon with the opportunity to plan a number of operating improvements to the site primarily to reduce costs and to improve ore extraction rates.
The study was initiated immediately after the project was acquired in November 2014 and included a major re-analysis of the resource model, a re-design of the mining methodologies used for the ore body and an analysis of the necessary work required to restart the concentrator plant. The resource model work, combined with the revised mining methods, has materially increased the initial project life and ore throughput rates.
Poseidon also owns the Black Swan Nickel Project which includes 1.7 million tonnes of mined but unprocessed ore Reserves which Poseidon is planning to progressively transport and process at Lake Johnston. The 1.5 million tonne per annum processing plant capacity at Lake Johnston is able to process a combined feed from both sites with an average throughput planned of 1.13 million tonnes of ore per annum.
To read the full announcement regarding the BFS, please click here.
Poseidon Nickel Limited (ASX:POS) is pleased to provide this update to its
activities at Lake Johnston following the acquisition of the project in November 2014 and
publication of the interim Definitive Feasibility Study (DFS) in December 2014.
The work underway is likely to lead to a major upgrade of the resource classification at Lake
Johnston which will be published in the coming weeks. Poseidon’s expectation is that as
part of the upgrade, a much higher proportion of the resources will be converted to the
indicated JORC category and therefore available for potential conversion to mining
Poseidon Nickel Limited (ASX:POS) is pleased to announce that the Lake Johnston Nickel Operation ‘Restart Bankable Feasibility Study’ (BFS) is well progressed and is announcing the interim results. Poseidon Nickel initiated major work toward an early operational restart upon signing the Lake Johnston Asset Sales Agreement (ASA) with Norilsk Nickel Australia (Norilsk) in early September 2014. However, some work was restricted until the final purchase of the operation in November 2014. This update summarises the significant progress towards, and generally past a BFS level of study.
Poseidon Nickel (ASX:POS) continues to progress a Bankable Feasibility Study for its Lake Johnston Nickel Project with interim results confirming that production restart costs would be low. This follows its defining an initial Resource of 3.8 million tonnes at 1.41% nickel, or 53,100 tonnes of contained nickel, at the Maggie Hays deposit of the project.
Poseidon Nickel Limited (ASX:POS) (“Poseidon”) completed the acquisition of Lake Johnston on 13th November 2014 and immediately began to work to convert the existing Mineral Resource to the JORC Code, 2012 Edition guidelines as is required by regulation. The Lake Johnston resources include two main mineralised bodies at Maggie Hays and Emily Ann. The Maggie Hays mine has been under care and maintenance since mining was temporarily suspended in April 2013 and Poseidon expects this ore body to be the first back into production when it re-opens the site.
The re-estimation of the Mineral Resource has been completed without undertaking any further drilling using existing data handed over during the sale process. Poseidon’s geologists have already undertaken a review of the Maggie Hays ore body both internally and using external specialists that have concluded additional drilling will continue to extend the project resource in several areas. As an example, in the Maggie Hays North Shoot, an extensive database of additional mine data from sampling carried out in the mining drives will allow a much more detailed understanding of the mineralisation to be developed. This information is currently being processed into a detailed electronic 3D model and will be added to the Mineral Resource model during the first quarter of 2015.