For thousands of other reports visit RSC's Mineral Intellingence Map
Poseidon Nickel Ltd.
Summary
| Project: | Black Swan | |
|---|---|---|
| Deposit: | Silver Swan | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt-Copper | |
| Date: | 5/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 26-5-2017: Poseidon Nickel Ltd. announces a Feasibility Study report for its Silver Swan deposit at the Black Swan project. DFS results for the Silver Swan underground mine incl. 2 year LOM, pre-tax NPV (10%) of $27.8M. Poseidon Nickel Limited (ASX: POS. | |
| Resources: | (Reserve, Prob.): 57Kt @ 5.79% Ni, 0.11% Co, 0.26% Cu at Silver Swan | |
| CP/QP: | [Resources]: Neil Hutchinson;Ian Glacken (Internal;Optiro Pty Ltd.) | |
| ABSTRACT: | Poseidon Nickel Limited (ASX: POS. “Poseidon” or the “Company”) is pleased to advise the key outcomes of the Definitive Feasibility Study (DFS) for the Silver Swan high grade underground nickel mine. The Company Chairman Chris Indermaur stated, “The DFS demonstrates Silver Swan has a robust production and nickel grade profile and the completion of the detailed engineering for Silver Swan will allow Poseidon to take early advantage of an improving nickel market, as soon as this occurs.” “Poseidon welcomes the positive outcomes of the DFS that reinforce the Company’s decision to purchase the Black Swan Operations (the Project). The acquisition of the Project was a strategic decision undertaken by the Company in 2014 and it remains a core asset located in a highly prospective nickel and gold location. Poseidon purchased the Black Swan Operations in order to access the 2.2 million tonne per annum process plant, supporting infrastructure and associated high grade underground Silver Swan and Black Swan open pit mines.” The DFS results included in this announcement are drawn from the engineering work undertaken by MineGeotech Pty Ltd and Beck Engineering Pty Ltd (geotechnical studies) and Entech Pty Ltd (mining method, life of mine schedules, mining costs & mine capital development costs). Mining costs are estimated at +/-15% level of accuracy and sourced from budget estimates supplied to Entech by mining contractors. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report