trending Market Intelligence /marketintelligence/en/news-insights/trending/l5ezqzptDfyKC35Fj1p-yw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Poseidon Nickel projects longer mine life after Silver Swan resource increase

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Poseidon Nickel projects longer mine life after Silver Swan resource increase

Poseidon Nickel Ltd.'s JORC 2012-compliant indicated and inferred resources at its Silver Swan deposit in Western Australia jumped 30% for contained metal.

The deposit now hosts 168,000 tonnes at 9.5% nickel containing 16,030 nickel tonnes using a 4.5% nickel cutoff.

The indicated mineral resource surged 107% to 108,000 tonnes, 2 percentage points in nickel grade to 9.4%, and 112% in contained nickel metal to 10,130 tonnes compared to the 2015 estimate.

The company said Aug. 5 that the indicated resource's doubling is expected to positively affect the Silver Swan reserve and life-of-mine schedule.

Poseidon also reported the start of a 2,500-meter, trial reverse circulation drilling program at the deposit to review the potential to exploit an underground disseminated nickel resource below the Black Swan open pit. The trial program is expected to take up to two months, and results are expected a month later.

The company started refurbishing the Silver Swan decline in March to enable underground diamond drilling as part of a strategy to fast-track nickel concentrate production at Black Swan. A feasibility study in July 2018 supported restarting operations at the mine.