Mount Windarra Nickel Reserves Up by 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.