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nIcKeL PReVIeW

Harold finds calmer

waters at Poseidon

eter Harold could not have timed his tran- Delays due to COVID-19 shutdowns and
Psition from miner to explorer any better. subsequent downhole EM requirements
After almost two decades at the helm of meant follow-up drilling did not occur until
Panoramic Resources Ltd, Harold stepped July, however, it proved to be worth the long
down as managing director of the embattled wait when Poseidon announced a juicy in-
miner at the end of last year and soon found tercept of 9m @ 10.46% nickel (true width
his way across town to Poseidon Nickel Ltd 4.5m), including 4.6m @ 13.8% nickel (true
where he saw an opportunity to breathe new width 2.3m), only 50m from the discovery
life into the stalled development strategy for hole.
the company’s trio of nickel assets in the The result of the second hole at Golden
Goldfields. Swan saw the company’s share price climb
What he didn’t expect to walk into was a to a five-year high of 6.3c, including a 117%
market favouring exploration success, nor increase during the month of August alone. It Poseidon non-executive director Peter
the fact his new company was on the cusp of also continued the recent good run for nickel Muccilli, managing director Peter Harold and
making an exciting new discovery at its most companies with the likes of Chalice Gold chairman Derek La Ferla are all smiles after
advanced project. Mines Ltd, Legend Mining Ltd, Galileo Min- learning of the result for the second drill hole
Harold was still settling into the managing ing Ltd and even leading producer Western at the Golden Swan discovery
director’s chair at Poseidon when the com- Areas Ltd all enjoying share price surges on
pany struck 7.6m @ 8.8% nickel (true width the back of reporting significant exploration
4.3m), including 2.1m @ 15.9% nickel (true results. Southern Terrace target. Harold said the
width 1.2m), from a total interval of 23.1m Poseidon is now mulling over options most pleasing aspect of the Golden Swan
@ 4% nickel and 0.4% copper (true width to accelerate the resource definition pro- discovery was the fact it came from an inter-
13.3m) at Golden Swan, part of the Black grammes for Golden Swan as well as re- nally generated target.
Paydirt-ad_Layout 1 7/08/20 1:37 PM Page 1
Swan project. alising the greater potential of the nearby “It was some good detective work from the

Page 84 OCTOBeR 2020 aUSTRaLIa’S PaYDIRT