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 looks to gold venture for helping bankroll nickel ambitions Poseidon looks to gold venture for helping bankroll nickel ambitions Poseidon looks to gold venture for helping bankroll nickel ambitions Poseidon looks to gold venture for helping bankroll nickel ambitions Poseidon looks to gold venture for helping bankroll nickel ambitions

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.

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