Black Swan / Silver Swan (inc. Cygnet) / Golden Swan nickel project

All operations at the Black Swan/Silver Swan mines ceased in February 2009 and it has remained on care and maintenance ever since. Poseidon proposed a 2 year mine life underground operation producing direct shipping nickel ore to be processed by Tsingshan in China as feed for NPI production. Following a Feasibility Study in 2018 Capital costs for the project were estimated at A$56.7 million. In 2020 Poseidon discovered the Golden Swan deposit. The company is now planning to incorporate this deposit into the restart of Black Swan and Silver Swan. A Final Investment Decision (FID) is expected in December 2021.