Poseidon Nickel Limited

#ASXNews Poseidon Nickel Limited is pleased to share its Annual General Meeting Presentation and Chairman's Address to Shareholders from the 2024 AGM held this morning. View the presentation: https://loom.ly/2WCaczc View the Chairman's Address: https://loom.ly/hciCMOM #POS #ASX

via Australian Mining Poseidon shores up golden results at Black Swan Poseidon Nickel Limited has been turning heads since September when it announced its Black Swan nickel mine in Western Australia was showing promise for #gold mineralisation. Now, the results are in on recent assays that are proving Black Swan may just be a golden goose. Read more ➡️ https://loom.ly/bWHAuSQ #POS #ASX #MiningNews #AustralianMining

via Proactive Poseidon Nickel doubles size of Wilson's gold-in-soil target at Black Swan Poseidon Nickel Limited has refined three #gold-in-soil trends the company describes as “promising” at the Wilson’s, Wattle and Ellison prospects of the Black Swan Project in Western Australia. Read more ➡️ https://loom.ly/l98tcEA #PoseidonNickel #POS #ASX

#ASXNews Poseidon Nickel Limited is pleased to provide an update on the #gold exploration program at Black Swan, Kalgoorlie, WA. • Infill soil sampling results o Infill Ultrafine+ soil program (~200m by 40m grid pattern) completed across previously identified #gold #anomalies at Black Swan. o Soil assay results were successful in refining three promising gold in soil trends named the Wilson’s, Wattle and Ellison anomalies. • Wilson’s Prospect o Infill assays at the Wilson’s soil anomaly has doubled its size to 2.5km x 1.5km (peak value 79ppb Au) and remains open to the southeast. o Importantly, the Wilson’s soil anomaly extents capture the locations of recovered gold nuggets, anomalous quartz veins (grading up to 1.25g/t Au) and several historical gold drill intersections returning >1g/t Au. o The soil anomaly follows a north-west trend that appears to crosscut the geological units in the area – potentially mapping a gold bearing structure beneath. o Collectively these positive attributes underpin a highly prospective gold target at the Wilson’s Prospect. • Other Gold in Soil Anomalies o Higher soil values with coherent linear trends have also been confirmed at the Wattle and Ellison anomalies. o Evaluation programs continue that include further soil infill at the Wattle and Ellison soil anomalies and to the southeast of the Wilson's Prospect to close off the open-ended trend. #POS CEO, Brendan Shalders, commented: “The Company has completed an important infill soil program at Black Swan to better define several #gold in soil trends that were identified from a maiden reconnaissance gold soil program carried out in September 2024. Black Swan previously had never been systematically evaluated for gold due to the historic #nickel focus. "Infill soil results have successfully refined and expanded three promising gold in soil trends named the Wilson’s, Wattle and Ellison soil anomalies. "The Wilson’s Prospect is the most advanced gold target at Black Swan that has an associated northwest striking gold in soil trend that captures the locations of the anomalous #quartz veins, recovered gold #nuggets and several historical gold bearing #drill intersections that are potentially all linked to a gold bearing structure beneath. "The positive #exploration results reported today at Black Swan will be instrumental in guiding additional low–cost exploration programs including shallow drilling to further evaluate these gold targets. The progress of gold programs at Black Swan is also complementary to the proposed merger with Horizon. If the merger proceeds, the combined entity intends to continue these exploration programs which would support any potential future processing of gold ores at Black Swan.” VIEW the Announcement: https://loom.ly/dN2utpw #PoseidonNickel #GoldNews #AussieGold #Mining

via Australian Mining Poseidon Nickel Limited has finalised its agreement with Encore Minerals to develop the Windarra gold and nickel tailings project in Western Australia. Originally announced on July 31, the agreement will see Encore use proprietary glycine leaching technology (GLT), specifically the GlyCat and GlyLeach, to process valuable minerals from Windarra tailings, including #gold and #nickel. The agreement was subject to several conditions, with all conditions outlined in the agreement having now been satisfied or waived. Read the article: https://loom.ly/eDqmJkQ #PoseidonNickel #POS #ASX

via Proactive Poseidon Nickel Limited set to progress Windarra Tailings Project with Encore agreement now unconditional Read the article: https://loom.ly/22A81oE #POS #ASX #gold #nickel

via Mining.com.au Poseidon advances Windarra tailings agreement Poseidon Nickel Limited‘s agreement with Perth-based technology company Encore Minerals to develop the #gold and #nickel tailings at the Windarra Tailings Project in Western Australia is now unconditional. Read the article ➡️ https://loom.ly/fJWPVTQ #PoseidonNickel #POS #ASX #MiningNews

#ASXNews AGREEMENT WITH ENCORE MINERALS TO DEVELOP WINDARRA TAILINGS PROJECT NOW UNCONDITIONAL Poseidon Nickel Limited is pleased to announce the Agreement with Encore Minerals Pty Ltd to develop the gold and nickel tailings at the Windarra Tailings Project using Draslovka’s a.s.’s proprietary Glycine Leaching Technology (GLT) and other patented technology is now unconditional. • As announced on 31 July 2024, Poseidon entered into an agreement with Encore Minerals to develop the Windarra #gold and #nickel tailings project • The agreement was subject to various conditions precedent, including due diligence by Encore • Encore has confirmed that it is satisfied with its due diligence enquiries and the parties have agreed all other conditions precedent have been satisfied or waived Pursuant to the Agreement, Poseidon will receive a total of $1.25 million staged payments, an NSR royalty of 3% on production and $1.6 million towards the existing rehabilitation bond. The funding, development, operation, closure and rehabilitation of the project will be the responsibility of Encore. See the full announcement: https://loom.ly/TWXgcGA #PoseidonNickel #POS #ASX #MiningNews

#ASXNews Poseidon Nickel Limited is pleased to present its Quarterly Activities Report for the quarter ended 30 September 2024. • Proposed merger of Poseidon Nickel and Horizon Minerals. • Gold potential at Black Swan continues to build. • Copper-Gold targets at Lake Johnston. • Lithium in soils anomaly at Lake Johnston. • Gold rock chips samples at Windarra. • Agreement with Encore Minerals to develop Windarra tailings project. #POS CEO, Brendan Shalders, commented: “During the September 2024 quarter the Company undertook a process to consider offers from parties interested in corporate or asset level transactions with Poseidon. This process commenced early in the quarter with the appointment of an advisor following inbound interest during the first half of 2024. From this process, the recently announced proposed merger with Horizon is anticipated to present the greatest value and future growth potential for Poseidon shareholders. The proposed merger aligns with Poseidon’s strategy to unlock the value of our projects through exploration and business development opportunities in commodities other than nickel . "The proposed business combination provides Poseidon shareholders continuing exposure to the Company’s strategic assets, a low-capital, near term pathway to process Horizon’s #gold resources at Black Swan, exposure to projected strong operating cashflows in a high gold price environment from Horizon’s toll treating projects and the potential for future #exploration success across the combined significant landholding in the WA Goldfields region. The proposed transaction was equivalent to a 40% premium to the 30-day VWAP of Poseidon’s share price as of 22 October 2024 and an approximate 100% premium to the August 2024 entitlement offer price of $0.003/share. "Outside of the proposed #merger, the Company continues to build gold exploration targets identified across all three projects. Soil samples collected from Black Swan noted four coherent gold anomalies with the strongest adjacent to the existing mines and processing infrastructure. At Lake Johnston soil samples collected enhanced the Billy Ray anomaly and noted anomalous gold values at the Norfolk Prospect, in addition to, a large lithium anomaly across one of the Mantis tenements. While at Windarra gold bearing rock chip samples were collected from within the gold anomalies areas previously reported. The Company is continuing exploration programs, in particular, developing future drill programs for the Wilson’s Prospect at Black Swan and the Billy Ray Prospect at Lake Johnston." VIEW the Report https://loom.ly/IKHhgi8 #PoseidonNickel #Gold #Lithium #Shareholders #Investing #SeptemberReport

#ASXNews Horizon Minerals has today released the Horizon & Poseidon Nickel Limited Merger Presentation, "A Natural Pairing in the Goldfields". View the presentation: https://loom.ly/mPFbqA8 #POS #HRZ #ASX #exploration #gold