Poseidon Nickel has increased its focus at its flagship Windarra project after selling a greenfields gold project in Ghana to Hodges Resources for up to $1.5 million in cash and scrip.
Poseidon Nickel has today restarted underground operations at its Mt Windarra nickel project in the Goldfields after the global financial turmoil halted work 18 months ago.
Explorer Poseidon Nickel says it is in negotiations with parties in Asia and the US regarding further substantial funding after it today received commitments to raise up to $2 million.
The second incarnation of the infamous nickel mine that sparked the Poseidon bubble of the early 1970s is sure to have many closely watching the development of Poseidon mark 11, especially because of Andrew Forrest’s involvement.
26 Mar 2008
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