EXPLORATION & DEVELOPMENT

Poseidon looks to gold venture for helping bankroll nickel ambitions

POSEIDON Nickel is looking to generate net operating cashflows of about A$30 million from gold tailings at its Windarra project in Western Australia utilising hydraulic mining and costing in the order of $25 million.

 Poseidon hopes a gold tailings venture will take shape following feasibility work due to be completed later this year

Poseidon hopes a gold tailings venture will take shape following feasibility work due to be completed later this year

The venture could produce about 44,000 ounces at all-in sustaining costs of $1291 per ounce. Poseidon's modelled cashflows used a gold price of $2500/oz.  The company aims to complete a definitive...

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