Poseidon Nickel Ltd's (ASX:POS) shares have jumped 21.7% to $0.028 on high volume in the first 45 minutes of trade, following a deal with gold-producer Northern Star Resources Ltd (ASX:NST).
Poseidon and Northern Star have entered into an agreement to explore processing gold ore at Poseidon's Black Swan Operations, located in the Goldfields region of Western Australia.
The companies will work together to evaluate all commercial options for processing Northern Star ore.
The Black Swan Operations include a 2.2 million tonne per annum processing facility with a conventional SAG mill, 5 ball mills, 2 flotation circuits, multiple thickeners, 3 ceramic filters and a large concentrate storage shed.
With the addition of a carbon in leach circuit the process plant is capable of processing nickel, oxide and refractory gold ores.
Company · Code · Last · Change · Trades · Volume
Lakes Oil · LKO · $0.002 · 100% · 2 · 250,000
Centaurus Metals · CTM · $0.005 · 25% · 27 · 15,266,417
Jcurve Solutions · JCS · $0.028 · 21.74% · 8 · 1,358,719
Poseidon Nickel · POS · $0.028 · 21.74% · 69 · 6,035,988
Ookami · OOK · $0.018 · 20% · 5 · 616,078
Chapmans · CHP · $0.006 · 20% · 2 · 690,000
DGO Gold · DGO · $0.650 · 18.18% · 5 · 22,500
Dawine · DW8 · $0.013 · 18.18% · 38 · 5,814,171
Global Petroleum · GBP · $0.035 · 16.67% · 2 · 150,000
Emu · EMU · $0.098 · 15.29% · 1 · 87,276