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Poseidon Nickel Ltd.
Summary
| Project: | Mt Windarra | |
|---|---|---|
| Deposit: | Windarra | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Gold-Silver | |
| Date: | 6/22/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 22-6-2020: Poseidon Nickel Ltd. announces a Resource Estimation report for its Windarra deposit at the Mt Windarra project. Updated Mineral Resource Estimate for Project. Poseidon Nickel Limited (“Company” or “Poseidon”) (ASX: POS) is pleased to declare a | |
| Resources: | ||
| CP/QP: | [Resource] Steve Warriner (Internal) | |
| ABSTRACT: | Poseidon Nickel Limited (“Company” or “Poseidon”) (ASX: POS) is pleased to declare a JORC 2012 compliant Mineral Resource on the Company’s 100% owned Windarra Gold Tailings Project (the “Project”) in Laverton, WA. These Mineral Resources, at the North, South and Central Dams, have been reviewed and reclassified under the JORC 2012 guidelines. The North and South Dams have been estimated collectively to contain 4.55 Mt at a gold grade of 0.72 g/t for 105,000 oz gold, reported above a zero cut-off. The Central Dam has been estimated to contain 6.20 Mt at a gold grade of 0.37 g/t for 74,000 oz gold, also reported above a zero cut-off. Principles of Reasonable Prospects for Eventual Economic Extraction (“RPEEE”) have been considered, with the assumption that 100% of the tailings material will be extracted and re-treated for the North and South Dams, assuming a gold recovery of 42% based upon metallurgical testwork. It has been assumed for reporting purposes that the Central Dam will be removed and treated down to the base of the gold tailings (which have been deposited on top of earlier nickel tailings). | |
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