Poseidon Starts Work at Black Swan Nickel Project

Poseidon Nickel Ltd. (ASX:POS) yesterday provided an update regarding its proposed acquisition of Norilsk Nickel’s (MCX:GMKN) Black Swan nickel project. It includes the Black Swan processing plant and Black Swan open-pit mine.

As quoted in the press release:

Poseidon has placed several contracts to undertake work prior to restarting the Black Swan concentrator and mine. The contracts will supply key financial and technical data for an integrated operation that includes up to 600,000 tonnes per annum of Windarra ore combined with 500,000 tonnes per annum of Black Swan ore to be processed through the existing plant. Poseidon is intending to have this work completed by the end of July 2014.

Click here to read the full Poseidon Nickel Ltd. (ASX:POS) press release.