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