Source: Poseidon Nickel
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  • Poseidon Nickel (POS) has revealed the preliminary metallurgical testwork of its Golden Swan drill core has returned excellent results
  • The drill core from Golden Swan was part of a wider diamond drilling program carried out at the company’s Black Swan Project in WA
  • The results show the nickel mineralisation at Golden Swan is highly amenable to conventional sulphide flotation techniques
  • The process allowed for high nickel recoveries of more than 90 per cent, with a nickel grade concentrate of more than 13 per cent
  • It’s good news for Poseidon, as it means obtaining sellable nickel concentrate from the area will be “relatively straightforward”
  • Shares in POS are currently up 4.23 per cent, trading at 7.4 cents each

Poseidon Nickel (POS) has revealed preliminary metallurgical testwork of its Golden Swan drill core has returned excellent results.

The drill core from Golden Swan was part of a wider diamond drilling program recently carried out at the company’s Black Swan Project in WA.

The nickel sulphide explorer and developer has three separate projects in the state, with a combined resource base of around 400,000 tonnes of nickel and 180,000 ounces of gold.

Metallurgical testing

The drill core which underwent testing came from diamond drill hole PBSD0030B, which intersected nickel mineralisation of nine metres at 10.46 per cent from 691 metres down hole.

Pleasingly, the preliminary metallurgical testwork showed the nickel mineralisation is highly amenable to conventional sulphide flotation techniques.

The conventional floating process allowed for high nickel recoveries of 95.1 per cent, with a nickel grade concentrate of 13.6 per cent, with negligible arsenic in concentrate.

These results are good news for Poseidon, as it means obtaining saleable nickel concentrate from Golden Swan will be “relatively straightforward.”

In addition to this, POS found incorporating a pre-float stage before the sulphide flotation produced a saleable concentrate with a higher Fe:MgO ratio of 50.5, compared to 10.2.

The next steps for Poseidon following these encouraging results is to carry out more metallurgical testwork as it continues to develop Golden Swan.

Shares in Poseidon Nickel are currently up 4.23 per cent, trading at 7.4 cents each at 1:11 pm AEDT.

POS by the numbers
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