Poseidon Nickel fully funded as it moves towards decision to proceed at Black Swan

Digital Asset Direct by Poseidon Nickel Ltd

Melbourne, Victoria | December 02, 2022 02:30 PM Eastern Standard Time

Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF) CEO Peter Harold talks through the news it is raising $9 million through a placement and SPP. Funds will be applied towards pre-production works at Black Swan to support the restart of operations, including ordering long lead items as well as resource drilling from the bottom of the Black Swan open pit to convert inferred resources to indicated to extend the mine life.

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