Nickel

Mount Windarra Nickel Reserves Up by 121 Percent

Nickel Investing

Poseidon Nickel Ltd. (ASX:POS) announced that probable nickel reserves at its Mount Windarra project have increased to 498,000 tonnes at 1.78-percent nickel for 8,850 tonnes of nickel metal. That means contained nickel in reserves has seen a bump of 121 percent.

Poseidon Nickel Ltd. (ASX:POS) announced that probable nickel reserves at its Mount Windarra project have increased to 498,000 tonnes at 1.78-percent nickel for 8,850 tonnes of nickel metal. That means contained nickel in reserves has seen a bump of 121 percent.

According to the press release, other highlights include:

  • 17% increase in Mt Windarra Mineral Resources to 80,200 tonnes of nickel metal
  • Increased early year production leading to improved early year cashflow and capital payback
  • Further resource and reserve upside likely from within existing Mt Windarra orebody and from new, adjacent, drill targets
  • Original 6 month programme announced December 2012 now completed. New drill programme will commence at later stage, following review and planning.

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

MARKETS

Markets
TSX19284.10-222.55
TSXV555.25-16.97
DOW32875.71-365.85
S&P 5003783.22-46.03
NASD10213.29-139.94
ASX7086.40-21.30

COMMODITIES

Commodities
Gold1807.09+1.23
Silver23.90+0.36
Copper3.82-0.03
Palladium1768.00-11.50
Platinum1015.00+9.00
Oil78.02-0.94
Heating Oil3.24-0.06
Natural Gas4.75+0.07

DOWNLOAD FREE REPORTS

×