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Poseidon Nickel to accelerate Black Swan development with $22 million raise
Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF, FRA:NYG1) s Peter Harold speaks to Proactive soon after announcing they ve received commitments to raise $22 million via a share placement to drive progress towards an operations restart at its Black Swan project in Western Australia. The company s also offering retail investors the chance to increase their holding via a $3 million share purchase plan.
Quick facts: Poseidon Nickel Ltd
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2021-07-28 by Proactive Australia
Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF, FRA:NYG1) has delivered another round of positive drilling results within the Golden Swan trend at the highly promising Black Swan Project in Western Australia.
Further nickel sulphide intersections within the Golden Swan trend achieved include:
A 4.2-metre nickel sulphide interval comprising 0.8 metres of massive sulphides and 3.4 metres of matrix and stringer sulphides
A 5.1-metre sulphide interval comprising 3 metres of massive and matrix sulphides followed by 2.1 metres of stringer and coarse blebby sulphides
The latest Golden Swan assay results received include:
1.65 metres at 2.27% nickel and 0.45% copper; and
2.75 metres at 1.18% nickel, 4.75 metres at 1.18% and 8 metres at 1.35%.
Poseidon Nickel Ltd grows Golden Swan potential with more high-grade nickel sulphide intersections
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S&P/ASX 200 in the green led by health stocks; NZ suspends travel bubble
Beijing is considering harsh penalties on ride-hailing giant Didi. The penalty could likely be bigger than the record US$2.8 billion Alibaba paid earlier this year. Gold inched higher to US$1,804.45 per ounce on Thursday as US bond yields pulled back to offset a firmer US dollar.
S&P/ASX 200 (INDEXASX:XJO) gained 0.11% to 7,395 by about 12.45 pm following a third consecutive session of gains on Wall Street overnight.
CSL rose 1.4% to $293.35 and leading health stocks higher while ResMed set a new high of $35.16.
Star Entertainment has withdrawn its $12 billion merger proposal with Crown Resorts.
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