australia’s new nickel - poseidon nickel limited...
TRANSCRIPT
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Australia’s New Nickel
Diggers & Dealers Mining Forum
David Singleton, MD & CEO
August 2015
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2Private & Confidential
Indonesian Ore Stocks in China are well down as predicted
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3Private & Confidential
Philippines Ore exports up - but not much
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4Private & Confidential
Chinese NPI reducing as predicted albeit more slowly
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5Private & Confidential
As a result Ferronickel and Refined Nickel imports up
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Australia’s New Nickel
Diggers & Dealers Mining Forum
David Singleton, MD & CEO
August 2015
![Page 7: Australia’s New Nickel - Poseidon Nickel Limited ...poseidon-nickel.com.au/wp-content/uploads/2015/08/Diggers-n... · Australia’s New Nickel ... Fault Movement=into page (westward)](https://reader034.vdocuments.us/reader034/viewer/2022052407/5b7836d87f8b9ade548bb5f3/html5/thumbnails/7.jpg)
7Private & Confidential
Projects within 300kms centred around Australia’s Major Nickel Region
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88Private & Confidential
3 Production ready nickel projects in Western Australia
• Black Swan Nickel Project
• Lake Johnston Nickel Project
• Windarra Nickel Project
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9Commercial in Confidence
Windarra Nickel Project
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10Private & Confidential
Long section of Mt Windarra at mine closure
Mineralisation
Original Long SectionPre Drilling
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11Commercial in Confidence
Mineralisation
Upper G Shoot
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12Private & Confidential
Mineralisation
H Shoot
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13Private & Confidential
Mineralisation
C & G Deeps
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14Private & Confidential
Mineralisation
D Deeps
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15Private & Confidential
Mineralisation
F Shoot
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16Commercial in Confidence
Windarra Nickel ProjectDiscovery of Cerberus
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17Private & Confidential
Development of the Windarra Project
Mt Windarra
South WindarraOpen Pit
Cerberus Greenfields Orebody
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18Private & Confidential
Cerberus: Further Developments
Resource Extensions
ModelledPositionsWith Limited to No Drill Testing
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19Private & Confidential
Mt Windarra - Operational Site
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20Commercial in Confidence
Black Swan Nickel Project
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21Private & Confidential
The Black Swan Process Plant and open pit resource was bought by Poseidon from Norilsk in July 2014
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22Private & Confidential
Black Swan pit showing smeltable reserves
Ore for smeltable
grade concentrate
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23Private & Confidential
Black Swan resources available for non-traditional uses
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24Commercial in Confidence
Lake Johnston Nickel ProjectMaggie Hayes
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25Private & Confidential
Windy HillCamp
Maggie HaysMine
Tailings Dam
Concentrator and Administration
Emily Ann Mine
Lake Johnston includes 2 mines, a concentrator and camp in operational ready condition
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2626Private & Confidential
MINED OUT SLC
North Shoot
RemainingSLC
Suture Zone
Maggie Hays - Increasing Life by over 3 times
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2727Private & Confidential
Maggie Hays
North ShootExpansion Opportunity
Maggie Hays South Potential for Future
Production Western ZoneOpportunity
Initial resource extension targets
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28Commercial in Confidence
Lake Johnston Nickel ProjectEmily Ann
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29Commercial in Confidence
SurfaceDecline
Structurally Offset Targets
Fault Movement=into page (westward)
Fault Movement=out of page (eastward)
Emily Ann was a 4% Ore Body truncated by Toolangi Fault
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30Private & Confidential
Supporting Modelled
DHEM Targets
Electromagnetics support strong targets dislocated from the original ore body.
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31Private & Confidential
Planned Drill Holes
EIS Grant will support drilling these targets.
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32Private & Confidential
High Quality Process Plant
3 stage crushing circuit operating
Grinding Mills operating
Flotation Cells inspected
Concentrate Filtration & Storage facilities tested
Processing capacity of 1.5m tonnes per annum
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33Private & Confidential
Windy Hill Camp
277 Rooms available180 required
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34Private & Confidential
Poseidon has the second largest published nickel sulphide resource in Australia*
0
50
100
150
200
250
300
350
400
450
500
Publ
ishe
d R
esou
rces
(‘000
tonn
es N
icke
l)
*Australian nickel sulphide producers and developers excluding BHP(B). Data compiled from Deutsche Bank report dated 28.07.14.
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35Private & Confidential
Summary
• Lake Johnston can be in production in 4 months• Definitive Feasibility Study completed• Fully permitted• Major contracts either signed or nearing signature• Offtake Contracts and working capital loans agreed subject to final contract• 8,000 tonnes in nickel concentrate• All in sustaining cost of US$5.19
• Windarra and Black Swan can be in production in circa 6 months• Start up studies completed• Final permitting updates submitted• Circa 9,600 tonnes nickel per annum in concentrate• All in sustaining cost estimated at US$5.40
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