Poseidon Nickel (POS)

Shares / Stock Code

POS

Stock Exchange / Sharemarket

Australian Securities Exchange

Poseidon Nickel (POS) will become a significant player in nickel production in Western Australia. The company's cornerstone asset is the historic Windarra Nickel Project located in the highly prospective area of the N.E. Goldfields of Western Australia. The mine was previously operated by WMC Resources (now BHP Billiton) who produced over 80K tonnes of nickel metal at the site.

The company listed on the Australian Stockmarket (ASX) on 29 November, 1993. In July 2007, NIA changed its name and company code to Poseidon Nickel Ltd (POS). Poseidon Nickel's subsidiaries include Poseidon Nickel Atlantis Operations Pty Ltd and Poseidon Nickel Olympia Operations Pty Ltd. In March 2009, the Company sold the gold rights on its West Australian tenements.

On 24 September 2004, NIA agreed to take a 40.12% interest in Ausgold Ghana Limited, a Ghanaian registered company. In late January 2005, an agreement was reached with BHP Billiton Nickel West to purchase the Windarra nickel assets and the development of this project will become the Company's top priority.

Poseidon NickelPoseidon Nickel's major customers would include the retail, wholesale and international markets. Its competitors consist of other mining companies such as Jabiru Metals (JBL). The mining industry is a global industry, which is highly competitive. Most oil and metals are sold into the global spot markets, whilst gas, coal and iron ore is typically sold under long term contract arrangements with utilities, large industrial users and steel plants.

Poseidon Nickel (POS) Products and Services

  • Exploration for nickel.

Poseidon Nickel (POS) Locations and Subsidiaries

Poseidon Nickel (POS) Head Office
Unit 8, Churchill Court, 331-335 Hay Street,
SUBIACO, WA, AUSTRALIA, 6008
Phone: 08 9382 8799
Fax: 08 982 4760

Poseidon Nickel (POS) Share Price

Submitted by ASX Listed Company on 20 May, 2010 - 04:10

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