Poseidon Nickel Investigating Toll Treatment Options for Mount Windarra Ore

Mining Weekly reported that Poseidon Nickel Ltd. (ASX:POS) said today that it is “investigating options” for the toll treatment of ore from the Mount Windarra mine, which could produce between 350,000 and 700,000 tonnes per year during its first two years of operation.

As quoted in the market news:

Poseidon had previously announced it was working to reduce the capital cost of the A$197-million Western Australia-based mine, which incorporates the existing brownfield Mt Windarra underground mine, the nearby greenfield Cerberus underground mine, a nickel sulphide concentrator plant and a retreatment plant.

The project had initially been scheduled to produce 9 600 t/y of nickel in concentrate and 45 000 oz of gold during the first three years of production from a 4.36-million-tonne gold tailings reserve.

If finalised, the third-party toll treatment agreement would allow the company to avoid the high capital expenditure of a new plant.

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