Articles On Poseidon Nickel (ASX:POS)

  Iluka Resources boss Tom O’Leary says China’s control of the rare earths supply chain is being weaponised, as it seeks support for the troubled Eneabba refinery in WA Bellevue Gold in commercial production, FY25 costs and production guid...

  Coal miner Coronado clobbered as market digests big cost and price miss MinRes Lake Johnston lithium plant deal in rough water Gold miners among those hit in poor day for materials   There was little to be enthused about after Wall Stre...

Chris Ellison’s ambitious plan to open up a lithium processing front for Mineral Resources in the Goldfields could be headed for the rocks.

Image: Henri Koskinen/stock.adobe.comMineral Resources (MinRes) wants to negotiate its deal to acquire Poseidon Nickel’s Lake Johnston nickel concentrator and tenures in Western Australia. Poseidon has said the amended terms don’t alignRea...

Poseidon Nickel this week announced another leadership change, just a day after signing a $15 million deal to sell its Lake Johnston processing plant to Chris Ellison’s Mineral Resources.

The ASX200 is down point zero three of a per cent – contrasting with futures’ predictions. Energy is bucking the trend, up three quarters of a per cent – followed by telecommunications – at nearly half a per cent. In this bulletin, we...

Leading diversified resources company Mineral Resources (ASX: MIN) has continued a busy expansion period with the signing of a farm-in agreement with Lord Resources (ASX: LRD) over the Horse Rocks lithium project. Earlier this week, MinRes...

Poseidon well-funded to drive focus on exploration targeting high-grade nickel sulphide resources Opportunity to reduce costs further with leadership transition Annualised cost savings over $6m realised so far   Special Report: Poseidon...

The ASX200 spiked straight after the Reserve Bank of Australia announced it’ll hold interest rates at 4.35 per cent – the index closing up more than a third (0.36) of a per cent. As far as how sectors went – Materials and Energy each add...

The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent. This is in line with wide-ranging analyst expectations, given positive indicators that inflation has been easing. We’ll update you on the market’s reactio...

Stockhead’s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Only one day after selling a nickel plant – complete with rooms for 200 workers and laboratories on-site – Poseidon Nickel’s (ASX:POS) CEO Craig Jones is “departing to pursue other opportunities.” Mineral Resources didn’t just buy a “pla...

SPI Futures ahead 2pts, after Wall Street rose overnight  The RBA to announce its latest interest rate decision today  AI chipmaker Nvidia unveils powerful new Blackwell platform You can expect an ASX on ice as trade kicks off in Sydney t...

Welcome to the start of Tuesday. The ASX200 is set for a second flat day with futures up 0.03% near 8.30am AEDT. Stocks catching eyes this morning: Poseidon Nickel (POS) has announced a leadership transition. This follows “new...

The Black Swan operation. Image: Poseidon NickelFollowing the announcement that MinRes will take over Poseidon Nickel’s Lake Johnston nickel concentrator and tenures in WA, Poseidon Nickel has announced a leadership transition to compliment...

  MinRes to convert nickel plant in bid to deliver third Goldfields lithium processing facility Perseus gains competition approval for OreCorp bid in Tanzania Regis hit by wet weather, while Bannerman rises on uranium expansion plans   We...

• Both lithium spot and futures prices have been rallying in the Chinese market and continue to do so today • This is leading analysts to cautiously suggest a lithium recovery • Meanwhile, nickel’s loss is lithium’s gain – per MinRes and...

The ASX200  has been trading mostly flat – down about 0.04 per cent. The Real Estate sector has plunged nearly 2 per cent today ahead of global interest rates policy announcements. The RBA has begun two days of meetings to decide its ne...

Poseidon Nickel monetises Lake Johnston via $15m sale to Mineral Resources Company retains exposure to nickel and lithium exploration success and future production from the project tenements Sale reduces annual expenditure commitments by...

18 Mar 2024 - Perth-based Mineral Resources (ASX:MIN) will spend up to $15 million buying Poseidon Nickel's Lake Johnston nickel concentrator plant and mining rights, using it as t…

Perth-based Mineral Resources (ASX:MIN) will spend up to $15 million buying Poseidon Nickel's Lake Johnston nickel concentrator plant and mining rights, using it as the basis for a new lithium processing hub. However, that's as far as MinRe...

Mineral Resources (ASX: MIN) has shown its confidence in the lithium sector by snapping up a key piece of infrastructure to help consolidate its plans to establish a third processing hub for the battery metal in Western Australia. The compa...

The Mineral Resources Ltd (ASX: MIN) share price is in the green today. Shares in the S&P/ASX 200 Index (ASX: XJO) lithium stock and diversified resources producer closed Friday trading for $65.91. In early trade on Monday, shares are...

Think of them as a big vulture looming over a dying animal. This is the general context in which Mineral Resources (ASX:MIN) is buying Poseidon Nickel’s (ASX:POS) WA-based nickel concentrator plant to convert it into a “lithium processi...

Image: Henri Koskinen/shutterstock.comMineral Resources (MinRes) will take over Poseidon Nickel’s Lake Johnston nickel concentrator and tenures in Western Australia and convert it into a lithium hub. Located approximately 185 kilometresRea...

Chris Ellison’s Mineral Resources is doubling down on the long-term prospects for lithium with plans to open a third WA processing hub.

With the RBA’s interest rates decision due tomorrow, the ASX200’s expected to open marginally higher – the top bank’s two-day meeting gets underway this morning. Our market notched a 2.2 per cent slide last week, and American markets had...

The ASX200 is set to fall with futures down -0.17% near 8.30am AEDT. Here’s stocks catching eyes this morning: Enova Mining (ENV) has made an update on its rare earths strategy. The company says it’s found a “world class” clay REE...

Pilbara Minerals, owner of the biggest hard-rock lithium mine in the world, revealed its half-year earnings this morning The numbers may be lacklustre, but the words were positive WML, 1AE, POS, all trading up nicely today amid a mixed day...

Poseidon identifies two new highly prospective nickel targets at the Windarra project. A recent geological review greatly re-rates the nickel potential, with two new targets identified and re-assessment of existing targets. Windarra’s nick...

The ASX200 is set to sink with futures down 1.21 per cent near 8:30am AEDT. The move follows US inflation data coming out overnight. The story is a bad one – US headline inflation was hotter than expected, staying at 3.1 per cent and...

Rock chip samples uncover a new pegmatite outcrop which extends 85m towards the Medcalf prospect at Charger’s Lake Johnston project Two other spodumene-bearing pegmatite outcrops are located along the same trend with assays up to 2.2% Li2...

Rio Tinto is the rare mining giant that loves lithium, but it’s staying on the sidelines in major M&A so far But it has piled cash into exploring ground held by juniors Rio has pegged ground near TG Metals’ Burmeister discovery and in...

Poseidon Nickel has solved one of the problems facing its Black Swan project — workers’ accommodation in Kalgoorlie-Boulder.

Poseidon Nickel has provided details of the recent progress made at its flagship projects located in Kalgoorlie, Western Australia. Poseidon Nickel chief executive officer Craig Jones said that the companyRead MoreAustralian Mining.

Poseidon Nickel is sweating on a price upswing to restart the Black Swan project north-east of Kalgoorlie-Boulder — even though it concedes it is difficult to confidently forecast what the future holds.

Poseidon Nickel’s new CEO is tackling shareholder concerns head on with a strategy centred on key changes aimed at putting Poseidon in the best possible position for growth and the restart of the Black Swan nickel mine when the time is righ...

The former managing director of Poseidon Nickel, Peter Harold, will assume the top job at zinc-lead-silver explorer Rumble Resources from February next year.

Poseidon Nickel has commenced an aircore (AC) and reverse circulation (RC) drilling program at its Lake Johnston project. The LakeRead MoreAustralian Mining.

Poseidon Nickel (ASX:POS) has launched fresh aircore and reverse circulation (RC) drilling at its Lake Johnston Project in Western Australia.  The $66.74 million market capitalisation company aims to progress several ‘highly promising’ g...

Deep sea oil drilling is hot again, and MCE could well benefit GR Engineering Services could do well on clean energy revolution   MCE to benefit from resurrection of deep sea oil drilling Euroz Hartleys has initiated coverage on advanced...

Nickel sulphide explorer Poseidon Nickel (ASX:POS) has made internal changes to its corporate structure as part of the restart of the Black Swan operations.  The company says these changes have been made to scale back corporate overheads...

Peter Harold will stand down as Poseidon Nickel’s managing director and chief executive as part of cost-cutting measures the company has embarked upon while its Black Swan project remains on hold.

Poseidon has identified around $3m in cost savings annually The initiatives position the company for the Black Swan nickel project restart A revised operating model is expected to materially reduce care and maintenance costs   Poseidon Ni...

Poseidon Nickel (POS) delays its planned restart of the Black Swan project in Western Australia The company’s C-Suite has been reshuffled with the CEO swapping out for the General Manager Poseidon will not restart Black Swan until t...

ASX to open much lower on Friday after a big selloff on Wall Street Big tech stocks plunged, with Arm falling below IPO price Bank of England left rates unchanged   Australian shares are poised to track Wall Street and open sharply lower...

Poseidon Nickel has announced major leadership changes that will take effect throughout October. These key leadership changes arrive a week after Poseidon Nickel Read MoreAustralian Mining.

Poseidon Nickel has announced an update on its projects and exploration plans. The Western Australia nickel giant has said the final investment decision (FID) for its Read MoreAustralian Mining.

Poseidon Nickel is continuing to delay a final investment decision on the restart of the Black Swan project 50km north-east of Kalgoorlie-Boulder because of ‘uncertain global markets’.

Wyloo Metals boss Luca Giacovazzi says EV makers are desperately short on nickel The head of Andrew and Nicola Forrest’s private mining vehicle has pledged a major ramp up in exploration at its newly acquired Kambalda assets BHP also plan...