Maiden resource reported at Golden Swan
PERTH (miningweekly.com) – Nickel developer Poseidon Nickel has reported a maiden resource of 111 600 t, at 4.7% nickel, for 5 200 t of contained nickel, at its Golden Swan deposit at the Black Swan project, in Western Australia.
“The Golden Swan Resource is a significant development in the progress towards restarting operations at Black Swan. Mine studies have commenced to potentially convert the Golden Swan resource to a mine reserve,” said Poseidon MD and CEO Peter Harold.
“The Golden Swan resource is located only 120 m from the drill drive developed earlier this year and could be brought into production in a short time frame.
“Along with Silver Swan Reserve, it is believed that two independent high-grade feed sources should assist in de-risking the restart at Black Swan under the fill the mill strategy. Other programmes underway as part of the bankable feasibility study include the resource definition drilling programme down plunge of Silver Swan, mining studies on openpit and underground resources, metallurgical testwork on blending the various feed sources and capital and operating cost estimates by GR Engineering.
“We remain committed to our project schedule of commissioning Black Swan during December 2022,” said Harold.
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