Black Swan proves up for Poseidon

A feasibility study into the Black Swan nickel project, in Western Australia, has shown that the 1.1-million tonne a year operation could deliver some A$333-million in cash flows.

ASX-listed Poseidon Nickel on Monday told said that the feasibility study estimated that the project would require a capital investment of some A$50-million, which included A$38-million to refurbish the existing Black Swan concentrator.