poseidon nickel fast start project

Poseidon Nickel – Fast Start Project
Poseidon Nickel Limited is pleased to announce the next step in the development of the Windarra Nickel Project.
Poseidon has selected GR Engineering Services to carry out a prefeasibility analysis associated with a proposed “Fast Start” processing plant to be located at Mt. Windarra. The “Fast Start” plant concept under review is intended to have a design process capability of approximately 300kT of Nickel Sulphide ore per annum over a period of 12-24 months. It is intended that the plant design will be modular and transportable such that it can be installed efficiently on the site and potentially moved to new operations in the future.
The plant is intended to process ore from known ore resources accessible from the existing 550 decline. The Company has also engaged external mining consultants to assist in the geotechnical, development and mine design of these resources. The mining and processing would take place in parallel to the already announced drilling activities below the lower level of the Mt. Windarra decline. The aim of the “Fast Start” project is to establish early cash flow as well as to provide technical information to support investment in a significantly larger plant in the future.
In summarising the current activities the Company said “our primary focus is to develop the high grade ores already drilled by WMC below the current decline
however in parallel to this, our studies so far have indicated that enough shallower ore exists to commence economic production much more quickly. Our approach still needs to be proven by more detailed studies of the resource, infrastructure and
mining operations but we believe, at this stage, that an early restart of the mine is both feasible and highly desirable.”
Initial discussions on offtake options have been held with a number of interested parties and, subject to a successful completion of the prefeasibility work, will be
progressed.