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- Poseidon Nickel (POS) progresses its bankable feasibility study (BFS) for the restart of its Black Swan project in Western Australia
- The company is exploring the option to increase throughput of the concentrator to 2.2 million tonnes per annum (Mtpa) capacity
- GR Engineering Services will investigate both the 1.1 Mtpa scenario and the 2.2 Mtpa option to determine the best fit
- In addition, the company advances discussions with potential offtake partners and financiers to help fund the project’s restart
- Shares are trading 2.38 per cent higher this morning at 4.3 cents each at 10:18 am AEST
Poseidon Nickel (POS) has progressed its bankable feasibility study (BFS) for the restart of its Black Swan project in Western Australia.
The company is exploring the option to increase throughput of the concentrator to 2.2 million tonnes per annum (Mtpa) capacity.
This decision was underpinned by the updated disseminated mineral resource of 29.8 million tonnes at 0.69 per cent nickel for 206,000 tonnes of nickel contained.
GR Engineering Services will investigate the capital and operational expenditure required to execute the increased throughput option.
However, POS will still continue its feasibility study on the 1.1 Mtpa scenario as well.
An internal economic assessment was conducted, which supported various restart options.
Meanwhile, the company has furthered metallurgical testwork to optimise concentrates for refinery feed.
In addition, it advanced discussions with potential offtake partners and financiers to help fund the project’s restart.
Shares were trading 2.38 per cent higher this morning at 4.3 cents each at 10:18 am AEST.
