Company
ASX:POS
Poseidon Nickel Ltd (ASX:POS, OTCMKTS:PSDNK) is a Western Australia-focused nickel sulphide exploration and development company with a resource base of nickel and gold. The company's overarching aim is to explore and eventually established nickel operations where project risk capital and operating costs are low. Poseidon is developing the Windarra, Black Swan and Lake Johnston nickel projects, where exploration upside has been demonstrated within the Abi Rose deposit at Lake Johnston and the discovery of the Golden Swan mineralisation at Black Swan.
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The Lancefield tailings resource will be incorporated into the Windarra Gold Tailings Project definitive feasibility study which is due for completion in late quarter one of 2021.
The company is developing the drill drive to provide a platform for resource definition drilling of Golden Swan and additional exploration drilling of the highly prospective Southern Terrace.
Drilling has intersected very high-grade nickel, including 7.48 metres at 10.89% nickel.
Investments and investor services
Samso seeks to help clients with business development and public investor/relation needs. Samso has over 30 years of experience in developing business ideas and concepts in the Australasian region.
Geophysical data highlights a large, ovoid-shaped gravity high at Mt Day, which indicates the presence of a dense body of rock.
Investments and investor services
Price corrections were the norm for base metals in 2018 and ongoing uncertainty around trade has offset price upside from declining supply and stronger demand.
The company is addressing UK investors this week and Australian nickel market players later this month.
Aiming to establishing Lake Johnston as a central lithium processing hub.
Poseidon plans to use existing plant and infrastructure to become a gold producer.
The companies are aiming for a 50:50 joint ownership.
GTI Resources (ASX:GTR) has entered into an option and lease agreement with Poseidon Nickel (ASX:POS) for the Windarra tailings dams and gold mining exploration leases in Laverton, Western Australia.
Lithium Australia NL (ASX:LIT) has used newly acquired airborne geophysics data to identify known and possibly buried lithium-tantalum bearing pegmatites at the Mt Day and Lake Johnston projects, located 420 kilometres east of Perth.
Poseidon Nickel Ltd (ASX:POS) has entered into an agreement with Kidman Resources Ltd (ASX:KDR) to lease its Lake Johnston facility for processing Kidman’s Mt Holland lithium ore.
Poseidon Nickel Ltd (ASX:POS) has generated eleven lithium targets after completing a soil sampling program over the prospective northern pegmatite zone at Lake Johnston.
In the deal, Lithium Australia will receive all lithium rights over three licences that dominate coverage of the Lake Johnston lithium pegmatite field. Sampling by Poseidon on an adjacent tenement identified up to 3.85% lithium.
