Poseidon Nickel Limited
Other OTCRecent
price
P/E
ratio
div
yld
- -
ROIC.AI
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- Similar Companies
- Business
- Poseidon Nickel Limited (ASX: POS; OTC: PSDNF) is an Australian-based nickel sulphide exploration, development and production company focused on mineral properties in Western Australia. The company holds interests in three key projects—Black Swan, Windarra, and Lake Johnston—all located within 300 kilometers of Kalgoorlie in the Goldfields region; these assets include nickel sulphide deposits with a combined resource base exceeding 420,000 tonnes of contained nickel, over 180,000 ounces of gold, and associated infrastructure such as 2.2 million tonnes per annum (Mtpa) and 1.5 Mtpa nickel concentrators at Black Swan and Lake Johnston, respectively, plus underground and open pit mines, exploration potential for high-grade massive sulphides, lithium pegmatites, copper, and other minerals. Operations target nickel sulphide mining and processing, gold tailings retreatment, and emerging opportunities in lithium and gold via facility repurposing; projects remain on care and maintenance amid market conditions, with strategic exploration along basal contacts and recent discoveries like Golden Swan at Black Swan. Founded in 1993 (formerly Niagara Mining Limited, renamed in 2007) and headquartered in West Perth, Western Australia, Poseidon Nickel serves mining and exploration sectors with a focus on base metals and precious metals in domestic markets. In a transformative development completed by early 2025, Poseidon Nickel became a wholly-owned subsidiary of Horizon Minerals Limited (ASX: HRZ) through a scheme of arrangement merger announced in October 2024 and valued at approximately A$86 million, consolidating complementary gold and nickel assets to form an emerging mid-cap producer with pro-forma resources of 1.8 million ounces gold, 422,700 tonnes nickel, and strategic processing hubs for gold production feasibility studies targeting mid-2026 startup at refurbished Black Swan facilities. This alliance enhances scale, tenure across 1,309 square kilometers, and pathways for toll milling, lithium processing at Lake Johnston, and nickel reactivation on price recovery, supported by Horizon's A$14 million placement and shared growth ambitions.
Nickel Miners' News For The Month Of May 2022
Poseidon Nickel confident nickel sulphide feedstock will work at partner's proposed battery plant after positive tests
Poseidon Nickel's scoping study points to economical restart for Lake Johnston nickel facilities
Moho Resources granted new tenement adjoining Poseidon Nickel's “exceptionally high-grade” deposit
Poseidon Nickel's growing mine inventory supports Black Swan restart strategy
Poseidon Nickel hits 15 metres at 17.92% nickel during Silver Swan drilling
Poseidon Nickel makes strong progress with Black Swan restart strategy
Poseidon Nickel hits further massive sulphide intervals in Silver Swan resource extension and infill drilling
Nickel Miners News For The Month Of October 2021
Poseidon Nickel's maiden Golden Swan resource of 160,000 tonnes at 3.9% nickel boosts Black Swan inventory
Poseidon Nickel fields more Golden Swan high-grade nickel ahead of initial resource estimate next month
Nickel Miners News For The Month Of August 2021
Poseidon Nickel swamped by applications totalling A$13.5 million for A$3 million SPP
Poseidon Nickel unveils robust definitive feasibility study for Windarra Gold Tailings Project, shares higher
Poseidon Nickel tables one of 'best results to date' returning up to 2.1 metres at 13.79% nickel at Golden Swan
Poseidon Nickel in trading halt with assays pending from Golden Swan Nickel Project
Nickel Miners News For The Month Of June 2021
Poseidon Nickel adds to high-grade continuity at Golden Swan with more strong nickel results
Poseidon Nickel on path to first production from Golden Swan in 2022, says MST Access
Poseidon Nickel results of up to 3.05 metres at 6.72% nickel demonstrate Golden Swan high-grade continuity