Poseidon Nickel (ASX:POS) is a company on the fast track towards starting production at its Mt Windarra Nickel Mine in Western Australia later this year.
Proactive Investors has secured David Singleton, to present the latest updates in its operations at the upcoming "Stars in 2014 Series" Investor Forum in Sydney on Wednesday 9th July 2014.
The company is preparing to recommence underground operations and is completing necessary maintenance work on the water extraction system.
It recently purchased additional underground Mono pumps and will be commencing installation.
This work is designed to prepare the mine for operations late in the year, an auspicious timing given the rise in nickel prices.
Poseidon had in 2013 completed a Definitive Feasibility Study into commencing production at Mt Windarra and processing the ore through a concentrator to be built at the site.
Approximately 61%, or 440,000tpa, of the annual nickel ore production for the project is planned to be mined from the existing underground mine at Mt Windarra.
The balance of the ore feed will come from the Cerberus underground mine that was discovered by Poseidon in 2008.
Cerberus has a total Indicated and Inferred resource of 4.55Mt at 1.51% for 68,600 tonnes of nickel including a Probable reserve of 1.22Mt at 1.3% for 15,880 tonnes of nickel. The mining cost has been estimated at A$76/t in the DFS.
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