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.
With Tesla Inc lining up Australian nickel for its electric vehicles, Poseidon Nickel Ltd (ASX: POS) is ideally placed to join the party via three projects in Western Australia. MD Peter Harold speaks with Paydirt TV about the company's newest nickel discovery - Golden Swan - and the role it could play in the EV revolution.
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.
POSEIDON Nickel has completed a definitive feasibility study into the Windarra tailings resource it owns outside Laverton, Western Australia, and while it says the project is robust, it is looking to sell out or bring in a skilled development partner.
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.
Poseidon Nickel Limited is please to provide you with the video replay of the presentation delivered by our MD/CEO Peter Harold today virtually at the Noosa Mining and Exploration Investor Conference entitled "Targeting production in 2022".
