Poseidon Nickel

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Message from David Singleton

"Poseidon has commenced studies to ship Windarra ore to Black Swan."

Poseidon has developed the Windarra Nickel Project in the West Australian Goldfields and is now preparing for production of nickel sulphide concentrates.  The project includes the brownfields Mt Windarra mine and the greenfields Cerberus mine.  Poseidon had intended to build a concentrate processing plant at Windarra but in July 2014 announced its intention to purchase the Black Swan Nickel Project which includes a 2.2 million tonne per annum processing plant and associated multi-year life open pit ore body.  Poseidon has commenced studies to ship Windarra ore to Black Swan.  Poseidon has indicated that it will be in full scale production within 6 months from final financing at a capital cost of up to $50m.

David Singleton
Managing Director & Chief Executive Officer