Dennis set to lead Poseidon

Poseidon Nickel has appointed company director Robert Dennis as its new chief executive, with the former Independence Group executive set to take over the role next month.

Mr Dennis has served as a non-executive director with Poseidon since 2014, and was previously the company’s chief operating officer for seven years, before moving to Independence to take up a similar role.

While working at Independence, the company developed its Nova nickel project in the Fraser Range.

He has prior experience at two Poseidon assets - he was the underground manager for the Windarra mine when it was operated by Western Mining Corporation and had involvement with the Lake Johnston operation with Lionore.

“The company believes Rob’s extensive experience in the development and commissioning of mining projects makes him ideally suited to the next phase of Poseidon’s development as we seek to take advantage of rising nickel prices, by commissioning the Black Swan and Silver Swan mines and processing plant,” Poseidon said in a statement to the ASX today.

Mr Dennis will be paid a base salary of $485,000 per annum, with a 50 per cent bonus available.

Shares in Poseidon were up 2.3 per cent at 3.30pm AEDT.