Poseidon Nickel advances Lake Johnston with Maggie Hays JORC 2012 resource

Poseidon Nickel (ASX:POS) has defined a JORC 2012 Mineral Resource of 3.8 million tonnes at 1.41% nickel, or 53,100 tonnes of contained nickel, at the Maggie Hays mine within its Lake Johnston project in Western Australia. This was achieved without the cost of undertaking any further drilling using existing data handed over during the sale process. It plans to return Lake Johnston and Mt Windarra projects to nickel production within six months of final financing. The re-estimation of the Maggie Hays mine resource was completed just weeks after completion of the Lake Johnston acquisition from Norilsk Nickel.


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