Message from David Singleton
"This new website has been constructed to give shareholders up to date information on our progress by the hour."
Poseidon is developing the largest high grade nickel sulphide deposits of any exploration and development company in Australia. During our exploration phase, we drilled out an initial resource of 110,000 nickel tonnes at 3 separate locations which included the first brand new discovery on the tenements since the early 1970’s. Today we have entered the development phase and are currently completing the refurbishment of the existing Mt Windarra mine and completing the drill out of the Cerberus resource. Our aim is to be in production by early 2013 and to do this, we are conducting our feasibility study and offtake arrangements.
This new website has been constructed to give shareholders up to date information on our progress by the hour. There are two monitors on the home page, one which measures the water removal from Mt Windarra and the other which tracks our drilling rate against the 20,000 metres planned for the site. As the monitors move, so does the Poseidon story.
Managing Director & Chief Executive Officer