Poseidon Nickel Limited (ASX: POS) – Challenges to Restarting Mining.

Coffee with Samso Episode 182 is with Peter Harold, Managing Director of Poseidon Nickel Limited.     Since taking the reins of Poseidon Nickel, Peter Harold has been steadily working towards restarting mining production. Today, Peter will address recent setbacks to restarting, as outlined in the company announcement of July 17.     About Poseidon Nickel Limited   Poseidon Nickel Limited (ASX Code: POS) is a nickel sulphide exploration and development company with three projects located within a radius of 300km from Kalgoorlie in the Goldfields region of Western Australia and a resource base of around 400,000 tonnes of nickel and 180,000 ounces of gold (Figure 1).   Poseidon owns the Windarra, Black Swan and the Lake Johnston Nickel Projects. In addition to the mines and infrastructure including concentrators at Black Swan and Lake Johnston, these projects have significant exploration opportunities demonstrated by the discovery of the Golden Swan high-grade resource discovered at Black Swan in 2020. Abi Rose deposit at Lake Johnston and the recent nickel intersections along the Western Ultramafic at Lake Johnston.           Figure 1: Project location. (Source: Poseidon Nickel Limited)   Black Swan Restart   Despite the solid progress made since the November 2022 Black Swan BFS was delivered the decision to restart Black Swan has been delayed due a combination of factors including:   The later availability of grid power; The need to complete additional metallurgical testwork; The continuing tightness of the WA labour market; Ability to secure accommodation in Kalgoorlie for FIFO workers; and The volatility in global commodity and equity markets.   The Company expects a more favourable environment for project development into 2024. The primary aim of the Company remains restarting Black Swan when all the above i