Andrew Forrest-led Poseidon Nickel Ltd has entered into exclusive talks to acquire a "significant" nickel project in Western Australia.
"The potential acquisition will be complementary to Poseidon's cornerstone asset, namely the Windarra nickel project in the north east Goldfields."
The company said it would provide an update "in the next few weeks".
The Windarra nickel project is near the Murrin Murrin mine, which is 60 per cent owned by Minara Resources Ltd, formerly known as Anaconda Nickel Ltd under Mr Forrest's former leadership.
Minara deferred a $300 million expansion at the mine after letting 200 workers go in July.
Several nickel mines in WA have been shut down or place on care and maintenance in recent weeks due to the low price for the metal, including operations run by Mincor Resources NL, Ukrainian-owned Consolidated Minerals Ltd and Russian-owned Norilsk Nickel.
nickel mega company, page-5
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add POS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $18.56M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $9.661K | 2.404M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 90 | 66568063 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 16479836 | 30 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| POS (ASX) Chart |