Poseidon expects Silver Swan restart to deliver ‘healthy’ return

The Silver Swan nickel mine, in Western Australia, will require a preproduction and working capital investment of A$25-million, and a breakeven nickel price of $4.63/lb to deliver its 8 800 t of contained nickel. A definitive feasibility study (DFS) found that the high-grade underground nickel mine is expected to have an initial mine life of two years, ASX-listed Poseidon Nickel said on Friday.