Poseidon Nickel Updates Mineral Resource for Lake Johnston

Poseidon Nickel Ltd. (ASX:POS) announced that it completed its Lack Johnston acquisition in November and has now converted the existing mineral resource to guidelines outlined in the 2012 edition of the JORC Code.

Highlights include:

Lake Johnston includes two mines at Maggie Hays and Emily Ann

• Maggie Hays Mine Indicated and Inferred Mineral Resource has been estimated at a 0.8% Ni cut-off grade as:
  • 3.8 million tonnes @ 1.41% Ni for 53,100 tonnes contained nickel
• Substantial additional data not included in the main resource database was identified by Poseidon post the acquisition and is now being processed for later inclusion into the next published Mineral Resource
• Emily Ann North Mineral Resource estimation in accordance with the JORC Code, 2012 Edition guidelines will be undertaken with publication of the Mineral Resource not due until early 2015
• Lake Johnson increases Poseidon’s total project resource to a total of 380,600 tonnes of contained nickel

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