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CANBERRA (Scrap Monster): Poseidon Nickel, an Australian exploration company has submitted detailed Mining proposals and works approvals for the Windarra Nickel Project to the Western Australian Government in order to seek approval to both restart mining operations and to build a processing plant on the site.

The Mt Windarra proposal was submitted in November 2011 and the remaining project proposals including Cerberus, co-product treatment and tailings disposal have now been submitted.  No further mining proposals are required prior to operational start up.

The proposal includes mining up to 700,000 tonnes of ore per annum from both Mt Windarra and Cerberus combined with an initial mine life of six years.  The Windarra Project has a resource base of 9.2 million tonnes of ore at an average nickel grade of 1.51%.

Poseidon plan to build a 700,000 tonne capacity nickel sulphide concentrator to process ore from Mt Windarra and from the Cerberus mine.  The indicated construction time for the plant and associated infrastructure is approximately 12 months and will be built largely inside the footprint of the historical plant.  

The size of the plant selected provides good economies of scale and processing costs are likely to be in line with other nickel peer producers in Western Australia.

Poseidon Nickel is developing the Windarra Nickel Project in Western Australia.  The project is a higher grade nickel sulphide deposit that has demonstrated high recovery levels through a standard nickel floatation concentrator.  

The total current Mineral Resource is located at two positions approximately 10kms apart and includes the existing brownfields mine at Mt Windarra and a new discovery at Cerberus.  

Poseidon is on track to complete its definitive feasibility study in early 2012 and is targeting initial concentrate production in 2013.  The concentrator plant to be constructed at Mt Windarra is expected to have a nameplate capacity of 700,000 tonnes of ore per annum.