https://www.engineeringnews.co.za

Silver Swan delivers payload for Poseidon

Silver Swan delivers payload for Poseidon

Photo by Bloombeg

12th November 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed Poseidon Nickel has reported an initial mineral resource of 13 000 t of contained nickel for its Silver Swan deposit, in Western Australia.

The resource was based on 106 600 t of ore, grading 12.2% nickel.

Poseidon said on Thursday that average grades at the Silver Swan deposit were believed to be twice as high as the next-highest-grade mine in the world, with the company saying that the orebody could be economic even at low commodity prices.

High-grade extensions to the current resource were expected when further exploration drilling was completed underground.

Poseidon was forced to consider alternative development options for the Silver Swan project after a sales agreement with Caeneus Minerals fell through in September.

The miner was now convinced that careful selection of the correct mining approach, to minimise costs, could make mining economic even at current nickel prices.

The high-grade nature of the Silver Swan ore meant it could be directly shipped without the need for processing through a concentrator, which Poseidon said would significantly reduce restart capital costs and the development time for the project.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rio-Carb
Rio-Carb

Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...

VISIT SHOWROOM 
Industrial Nozzles & Systems (Pty) Ltd
Industrial Nozzles & Systems (Pty) Ltd

Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.052 0.892s - 140pq - 2rq
Subscribe Now