News Articles for Poseidon Nickel

Horizon Minerals has tabled a solid set of numbers from a prefeasibility study into its Penny's Find gold play, 50km northeast of Kalgoorlie, in WA, predicting a free cash flow of $24m at a gold price of $3600 per ounce. The study reveals a profitable underground mining scenario with a production target of 329,900 tonnes of ore at a grade of 3.2 grams per tonne gold for 33,500 ounces.

Poseidon Nickel chair Peter Harold has reflected on the torrid time for local nickel producers and the axed Mineral Resources deal that ultimately led to the Horizon Minerals merger.

Horizon Minerals has kicked off mining activities at its Phillips Find gold project outside Kalgoorlie in Western Australia. Pre-strip mining operations are underway at the joint venture with first gold ore expected to be mined from the Newhaven and Newminster open pits at the project by next month.

Horizon Minerals’ push to become a sustainable mid-cap gold producer in the Goldfields is gaining momentum, following news it had filed documents to merge with Poseidon Nickel.

Horizon Minerals is set to take over Poseidon Nickel and its mothballed mining plant with a $30m all-scrip deal that will give Horizon a neat opportunity to commercialise its myriad of gold deposits scattered around Kalgoorlie. Horizon is offering 0.1156 of its shares for each Poseidon share and aims to raise a minimum of $14 million via a two-tranche placement at 4.5c per share to bolster its balance sheet.

Poseidon Nickel has announced promising results from its gold exploration, pivoting its focus on producing the commodity after a terminated deal with Mineral Resources.

Poseidon Nickel has recommended exploration at its Lake Johnston project in the Goldfields after a deal with Mineral Resources was terminated.

A Mineral Resources plan to purchase Poseidon Nickel's Lake Johnston nickel plant and convert it to treat lithium mined in the area will not go ahead.

Poseidon Nickel says it is disappointed by a move from Mineral Resources to renegotiate the terms of its purchase of the Lake Johnston project, and will consider legal avenues.

Our weekly appointments wrap includes Mark Scatena, Lachlan Lewis, Elodie Allegret, Emma Elliott, Tania Cecconi, Brendan Shalders, Grant Dyker, John Nolan, Jay Stephenson and Samantha Mostyn.

Our board moves wrap includes Shannon Green, Jeremy King, Michael Dontschuk, Barnaby Egerton-Warburton, Tim Goldsmith, Matthew Hansen, Emmanuel Correia, John Hebenton, Greg Entwistle, Kenneth Banks, Nicholas Johansen, Dawne Hickton, Brendan Shalders, Craig Jones, Alexander Neuling, and Michael Higginson.

Poseidon Nickel's boss has resigned a day after announcing a deal to sell off its nickel concentrator plant to Mineral Resources, amid more cost cuts for the business.

Mineral Resources has inked a $15 million deal to acquire a nickel concentrator plant with plans to repurpose the site into a lithium processing hub in the Goldfields.

Our board moves wrap includes Roger Port, Lars Lidgren, Leslie Wise, Peter Harold, Craig Jones, Derek La Ferla, Dean Hildebrand, Harry Miller, Lee Tamplin, and David Franks.

A $119.6 million conditional federal government grant awarded under the Modern Manufacturing Initiative program to a battery mineral refinery hub near Kalgoorlie will not go ahead.

Poseidon Nickel has put a $99 million price tag on restarting its Black Swan operations as it continues sounding out potential investors to make the call on a final investment decision next year.

Our board moves wrap includes Henko Vos, Deborah Ho, Michael Schmulian, Thomas Abraham-James, Ron Mitchell, Michael Rosenstreich, Dale Henderson, Ken Brinsden, Warren Hallam, Adam Lamond, and Michael Shirley.

Russia's potential displacement as a nickel trading partner has moved the dial on supply projections.

Ardea Resources' Kalgoorlie nickel project has been granted major project status by the federal government amid a heightened period of activity for the commodity.

ANALYSIS: The $243 million critical minerals package announced today adds to a seemingly neverending flow of federal government grants and cheap loans for commercial projects.

Western Australian companies have won the lion's share of a $243 million critical minerals funding initiative from the federal government hoped to bolster domestic manufacturing.

Our board moves wrap includes ZhiQiang Cao, Shane Pike, Tom Ridges, Felicity Gooding, and Hinda Gharbi.

Shares in West Perth-based Poseidon Nickel were down as much as 10 per cent amid notice that Andrew Forrest's Tattarang had ceased to be substantial shareholder.

Poseidon Nickel is in discussions with a battery technologies business to supply nickel to its proposed refinery in Kalgoorlie.

Poseidon Nickel has raised funds to progress the restart of its Black Swan mine and processing plant in WA as well as continue exploration activities.

Within three months of completing a $3 million refurbishment, Stirling Capital's 1960s West Perth office is fully leased.

Poseidon Nickel hopes Golden Swan could be another black swan event.

Our board moves wrap includes Sanela Karic, Michael Rawlinson, Peter Bilbe, David Salisbury, Roy Shipes, Luke Watson, Simon Robertson, Neil Gregson, Paul Donaldson, Andre Liebenberg, Kate Vale, Karen Wellman, Stephen Harrison, Anthony Hamilton, Michael Sandy, Peter Muccilli, David Frances, Brandon Munro, and David Minchin.

Our board moves wrap includes Warren Harding, Craig Masarei, Sean Maher, Michael Pixley, Shannon Coates, Matthew Foy, Andy Goodwin, Paul Ladislaus, Ashok Parekh, Peter Bilbe, Bernie Ridgeway, Paul House, Dean Hildebrand, Geoff Brayshaw, Karl Paganin, William Kuan, Sally Langer, Maree Arnason, Robert Scott, Phillip Hains, Alfred Gillman, Christopher Knee, Keong Kok Chan, Peter Williams, Graeme Smith, and Bret Silvey.

Our daily board moves wrap includes Barry Sullivan, Lindsay Franker, Simon Eley, Hedley Widdup, David Quinlivan, Luke Tonkin, Derek La Ferla, Peter Harold, David Riekie, MaoFeng Ding, Les Davis, Brad Drabsch, Toby Wellman, David Morgan, and Robert Cooper.

Poseidon Nickel has made two key additions to its board and management team as it moves closer towards the restart of its flagship Black Swan operation near Kalgoorlie.

Our daily board moves wrap includes Chris Mews, Paul MacLeman, Kaitlin Smith, Peter Sullivan, Brian Phillips, Len Troncone, Kathrin Gerstmayr, Emma Waldon, Andrea Betti, Eryn Kestel, Peter Wade, and Peter McMorrow.

Andrew Forrest-backed Poseidon Nickel has edged closer to restarting operations at its Black Swan project in Western Australia following a recent surge in nickel prices.

Our daily board moves wrap includes Mark Hancock, Kenneth Keogh, Michael Rennie, Geoffrey Morgan, Milan Jerkovic, Emmanuel Correia, Charis Law, David Riekie, Steve Formica, and Sara Kelly.

Our daily board moves wrap includes Paul Atherley, Robert Behets, Francisco Bellon Del Rosal, Toby Hicks, Peter Rubinstein, Brendan Shalders, Paul Dalgleish, and William Howard.

Dr Chia-Tai Chiang has resigned as non-executive director of Black Star Petroleum.

SPECIAL REPORT: Global players are converging on WA as resources assets become increasingly attractive in the international arena.

Nickel producer Western Areas has given the green light to develop its Odysseus project following completion of a definitive feasibility study, which detailed a capital cost of $299 million.

Alexium International Group has appointed Jason Lewis as chief financial officer and Allen Reihman as chief commercial officer.

Poseidon Nickel has announced the resignations of long-time board members David Singleton and Chris Indermaur, with their replacements coming from major shareholders Black Mountain Metal and Squadron Resources.