Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)
Lithium
45.22
0.51%
Gold
2,747.70
(0.18%)
Copper
4.37
(2.26%)
Oil
70.96
(1.47%)
Bitcoin
74,539.11
7.45%
FTSE 100
8,172.40
(0.14%)
Nikkei 225
39,242.61
1.46%
Dow Jones
42,221.88
0.92%
Iron Ore
103.10
(2.17%)
USD/AUD
0.66
(1.23%)
Hang Seng
20,466.25
(1.57%)

Poseidon Nickel (ASX: $POS) advances Windarra tailings project development

Poseidon Nickel's Strategic Agreement


Poseidon Nickel (ASX:POS) has confirmed that its agreement with Encore Minerals for the Windarra gold and nickel tailings project is now unconditional. This follows the fulfillment or waiver of all conditions precedent. The project will employ Draslovka's Glycine Leaching Technology, enhancing economic viability amid rising gold prices.

Outlook and Strategic Goals


Poseidon Nickel has solidified its strategic partnership with Encore Minerals for the Windarra tailings project. With the agreement now unconditional, Poseidon stands to receive significant financial benefits including an upfront payment, royalties, and support for rehabilitation efforts. The rising gold prices enhance the project's economic potential. Encore Minerals will spearhead the project's development, utilizing environmentally friendly leaching technology. Poseidon's broader strategy focuses on leveraging its substantial resource base to restart operations in Western Australia, aligning with its long-term growth objectives.

Executive Commentary on Agreement


We are pleased to confirm that the agreement with Encore Minerals has become unconditional, marking a significant step forward in the development of the Windarra project. The use of Draslovka's Glycine Leaching Technology aligns with our commitment to environmentally responsible mining practices.

POSEIDON NICKEL LIMITED
POS | ASX | Materials
0.0050(+0%)
At close 05/11 (AEDT)
Market cap
$21.0M
Volume
8,160,516
DY Yield
PE Ratio
52 Week Range
0.003 - 0.0195
1YR Return
N / A

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