Name of the Project
Windarra gold tailings project.

Location
The project is located north-west of Laverton, in Western Australia.

Project Owner/s
Poseidon Nickel.

Project Description
The Windarra project’s mineral resource comprises about 4.55-million tonnes of gold tailings averaging 0.72 g/t gold and 1.6 g/t silver.

A prefeasibility study (PFS) has concluded that Windarra could produce about 44 000 oz of gold, based on processing the north and south tailings dams using low-cost hydraulic mining and a new conventional 1.5-million-tonne-a-year cyanidation-leach processing facility.

The higher-grade and greater-volume north tailings dam will be mined first.

An independent hydraulic mining contractor has designed a mining system that uses high-pressure water cannons on the tailings for on-site collection and transmission of the slurry, through a pipeline, to the tailings processing facility.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a net present value, at an 8% discount rate, of $23-million and an internal rate of return of 62%, with a payback of 15 months.

Capital Expenditure
The project will require modest development capital of $25-million.

Planned Start/End Date
Not stated.

Latest Developments
The positive outcomes of the PFS has enabled Poseidon to expedite the next step of completing a definitive feasibility study, which it expects to finalise early in the fourth quarter of 2020.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Poseidon Nickel, tel +61 8 6167 6600 or email admin@poseidon-nickel.com.