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01.08.2024

Poseidon Nickel (ASX:POS) – Quarterly Update – July 2024

ASX:POS . Client Videos . Interview

Transcript:

As previously reported, the company continues to see the strategic value in our assets.

We continue to receive third party interest for corporate or asset transactions and we’ve engaged an advisor to go through these opportunities and identify those value added for our shareholders.

Continuing with exploration, any exploration success that we have that results in a resource being defined, is highly leveraged against the infrastructure that we have at Lake Johnston and Black Swan.

And those concentrators can be used for other commodities, not just nickel.

So, you know, refractory gold, for example, and lithium with minimal modifications, can be processed, through our concentrators.

So on the corporate side obviously we had a transition in management at the start of the quarter with Craig Jones leaving and myself, stepping into the CEO role.

We’ve also continued to undertake cost reduction initiatives. We now have up to or over 6 million of recurring costs that we’ve removed from the business over the past six to nine months.

And those activities are evident through, the cost reduction that is noted in the quarterly results.

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