Poseidon mulls toll treatment options for Mt Windarra ore
PERTH (miningweekly.com) – Nickel miner Poseidon Nickel on Wednesday told shareholders that it was investigating options for the toll treatment of the Mt Windarra ore, which could deliver production of between 350 000 t/y and 700 000 t/y over the first two years of operation.
Poseidon had previously announced it was working to reduce the capital cost of the A$197-million Western Australia-based mine, which incorporates the existing brownfield Mt Windarra underground mine, the nearby greenfield Cerberus underground mine, a nickel sulphide concentrator plant and a retreatment plant.
The project had initially been scheduled to produce 9 600 t/y of nickel in concentrate and 45 000 oz of gold during the first three years of production from a 4.36-million-tonne gold tailings reserve.
If finalised, the third-party toll treatment agreement would allow the company to avoid the high capital expenditure of a new plant.
“The company already has a vast majority of infrastructure on the Windarra site necessary to restart the mine, including adequate power, water, accommodation and mobile capital equipment with only relatively minor additional infrastructure required,” Poseidon said in a statement.
Meanwhile, the decline to the orebodies had also been largely refurbished, with the completion currently estimated to take between three and four months, after which commercial production could start.
The possibility of gold production at the site was also still being investigated, with Poseidon saying that the reprocessing of the gold stockpiles would be contingent on nickel ore activities.
Poseidon’s share trading remained suspended on Wednesday, as it waited to announce the outcome of a proposed capital raising.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
