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Poseidon Nickel (ASX: POS. “Poseidon” or the “Company”) is pleased to advise the key outcomes of the Definitive Feasibility Study (DFS) for the Silver Swan high grade underground nickel mine. Highlights Strong Economic Fundamentals High grade underground nickel mine All-in-sustaining cash costs including capital of US$3.10lb Breakeven nickel price of US$4.63/lb on an undiscounted basis …
Poseidon Nickel (ASX: POS. “Poseidon” or the “Company”) is pleased to advise the key outcomes of the Definitive Feasibility Study (DFS) for the Silver Swan high grade underground nickel mine.
Highlights
- Strong Economic Fundamentals
- High grade underground nickel mine
- All-in-sustaining cash costs including capital of US$3.10lb
- Breakeven nickel price of US$4.63/lb on an undiscounted basis
- First ore from financing in less than 9 months
Low Capital Intensity
- Existing underground mine and infrastructure
- Pre-production and working capital of A$25.0m
Physical Parameters
- Initial 2 year mine life for 147Kt of ore and 8.8Kt of contained nickel
- Underground mine diluted Ore Reserve of 3.3kt of contained nickel, grading 5.8% nickel, 0.1% cobalt & 0.3% copper to surface
Significant Upside
- Silver Swan Deeps, Black Swan Open Pit plus stockpiled ore, combined with Windarra & Cerberus add potential project mine life for a minimum of 7 years
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