Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Poseidon Nickel secures conditional approval for WA nickel project  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 12/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - ProactiveInvestors - Australia) Poseidon Nickel (ASX: POS) has received conditional approval from Western Australian Premier Colin Barnett to restart nickel mining at Mt Windarra in the North Eastern Goldfields.

Final approval for the project is now subject to demonstrating that project financing and offtake contracts are in place.

Mt Windarra has reserves of 1.22 million tonnes at 1.3% nickel for total contained nickel of 15,880 tonnes.

It also includes total Inferred and Indicated Resources of 9.27 million tonnes at 1.56% for 144,400 tonnes of nickel.

Further revenue could come from the Windarra Gold Tailings project, which holds Indicated Resources of almost 11 million tonnes at 0.52 grams per tonne for 182,500 ounces of contained gold.

Poseidon has completed its Definitive Feasibility Study (DFS) and is targeting initial concentrate production in 2014. The concentrator plant to be constructed at Mt Windarra is expected to have a minimum throughput capacity of 700,000 tonnes of ore per annum.

The project is a higher grade nickel sulphide deposit that has demonstrated high recovery levels through a standard nickel floatation concentrator.

It also proposes to construct a gold tailings retreatment facility.

Windarra will be the first nickel project to be developed in Western Australia for many years.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help