
September 01, 2024
Poseidon Nickel (ASX: POS) (“the Company”) advises that the conditional agreement entered with Mt Morgans WA Mining Pty Ltd (“Mt Morgans”), a wholly owned subsidiary of Genesis Minerals Limited (“Genesis”), for Mt Morgans to undertake a trial processing of up to 100,000 tonnes of Lancefield gold tailings through their Laverton processing facility and to have access to 2.5GL per annum of water from the South Windarra pit, has been terminated.
- During December 2023 Poseidon entered a conditional agreement with Mt Morgans WA Mining (Mt Morgans), a subsidiary of Genesis Minerals Limited, the key terms being:
- Mt Morgans to undertake a processing trial of up to 100,000 tonnes of Lancefield gold tailings through their currently idled Laverton processing facility; and
- Mt Morgans to access up to 2.5GL of water per annum from the South Windarra open pit over a 5 year period
- The agreement was subject to conditions precedent which were not satisfied or waived by the parties in the required time and consequently the agreement has been terminated
- The agreement entered into with Encore Minerals to develop the Windarra Gold and Nickel Tailings using Draslovka’s Glycine Leaching Technology is unaffected by the termination of the agreement with Mt Morgans
Importantly the agreement with Encore Minerals to develop the Windarra Gold and Nickel Tailings using Draslovka’s Glycine Leaching Technology is unaffected by the termination of the agreement with Mt Morgans. Encore Minerals intends to use proprietary Glycine Leaching Technology (GlyCatTM + GlyLeachTM) to process the Windarra gold and nickel tailings and potentially the Lancefield gold tailings. Refer ASX release dated 31 July 2024 titled “Poseidon enters agreement with Encore Minerals to develop the Windarra Tailings Project.”
Click here for the full ASX Release
This article includes content from Poseidon Nickel Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
The Conversation (0)
47m
Aurum advances Boundiali development with 3 ML Applications
Aurum Resources (AUE:AU) has announced Aurum advances Boundiali development with 3 ML ApplicationsDownload the PDF here. Keep Reading...
12h
Peruvian Metals Full Capacity Throughput at Aguila Norte Processing Plant in 2025 and Focuses on Silver and Gold for 2026
Peruvian Metals Corp (TSXV: PER,OTC:DUVNF) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce production results for 2025 at its 80-per-cent-owned Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern Peru. The Company is also pleased to... Keep Reading...
04 January
Ongoing Drilling Continues to Return Broad Gold Intercepts
Asara Resources (AS1:AU) has announced Ongoing drilling continues to return broad gold interceptsDownload the PDF here. Keep Reading...
31 December 2025
Utah’s Antimony Resource: A Strategic Investment Play in Critical Minerals
Utah may be best known for its copper and gold legacy, but hidden beneath its rugged terrain lies one of the most overlooked critical mineral opportunities in the US: antimony. With global supply heavily concentrated in China and export restrictions tightening, Utah’s underexplored antimony... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00





