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POSEIDON NICKEL LIMITED - WINDARRA NICKEL PROJECT DOCUMENTATION FOR APPROVAL NOW SUBMITTED TO DSD

ASX Announcement 20th January 2012

  • Poseidon has now submitted all of the necessary Windarra Nickel Project Mining Proposals and Works Approvals to the Department of State Development
  • Proposal outlines plans for approximately 700,000 tonne per annum production from Mt Windarra and Cerberus combined
  • Approvals are expected in March 2012

Poseidon Nickel (Poseidon) is pleased to announce that it has submitted detailed Mining Proposals and Works Approvals for the Windarra Nickel Project to the Western Australian Government in order to seek approval to both restart mining operations and to build a processing plant on the site. The Mt Windarra proposal was submitted in November 2011 and the remaining project proposals including Cerberus, co-product treatment and tailings disposal have now been submitted. No further mining proposals are required prior to operational start up.

The Mining Proposal application includes the following major infrastructure:

  • Existing underground mine, ventilation shafts, access portal and underground crusher chamber.
  • Refurbishment of existing vertical haulage shaft to reduce decline haulage costs.
  • Flotation concentrator plant including power plant and water.
  • Accommodation camp, use of exiting administration buildings, workshops and lay down areas.
  • Development of the Cerberus underground access portal.
  • Tailings storage facilities.
  • Co-product treatment facilities.

Note: The information in this report relates to Exploration Results and Mineral Resources based on information compiled by Mr N Hutchison, General Manager of Geology at Poseidon Nickel, who is a Member of The Australian Institute of Geoscientists and Mr I Glacken who is a Fellow of the Australasian Institute of Mining and Metallurgy as well as a full time employee of Optiro Pty Ltd. Mr Hutchison and Mr Glacken both have sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2004 Edition of the `Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr Hutchison and Mr Glacken have consented to the inclusion in the report of the matters based on his information in the form and context in which it appears.

For further information, please read the full ASX Announcement by Poseidon Nickel Limited: HERE

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