Successful drilling program at Black Swan

The Black Swan project is located approximately 600 kilometres east of Perth and 50 kilometres northeast of Kalgoorlie, Western Australia.

In February, Poseidon Nickel completed a 112-hole reverse circulation drilling program for a total of 10,845 metres, from the bottom of the open pit into the Black Swan disseminated resource.

The primary aim of the drilling program was to increase confidence in the site’s resource by infilling the area extending approximately 125 metres immediately below the existing Black Swan open pit to better delineate the metallurgically important serpentinite and talc-carbonate hosted resources in the area.

It also aimed to provide a detailed production schedule for commencement of operations and to supply additional material for ongoing metallurgical test work on the Black Swan expansion project.

Other ongoing pre-works at the project include a processing plant contract for plant refurbishment being negotiated, continually working on obtaining any outstanding approvals, planning for the onboarding of the technical team after the final investment decision is held, and accommodations options in and around Kalgoorlie are being processed.

Poseidon Nickel managing director Peter Harold said the company continue to study the Black Swan expansion project.

“We continue to study the expansion project with metallurgical test work progressing and rougher concentrate samples provided to potential customers for testing of downstream processing,” Harold said.

“The attraction of the expansion project is that annual production of nickel in concentrate could increase, and the mine life could be extended due to the ability to treat talc carbonate material which is not included in the current ore reserves.”

Poseidon Nickel is aiming for the final investment decision to restart in late June to early July.