Silver Swan & Golden Swan (Ni)

Royalty and Terms: 0.76% NSR royalty on all metals (excluding gold and silver) covering the entirety of the Silver Swan and Golden Swan underground mines as outlined in the 2022 Feasibility Study.
Operator:  Visit Poseidon Nickel for more information
Primary Commodity: Nickel
Location: Western Australia
Reserves and Resources:
  • Proven and probable reserves of 13 kt (0,3 Mt @ 4,7 %)
  • Measured and indicated resources (exclusive of reserves) of 6 kt (0.7 Mt @ 0.92%)
  • Inferred resources of 2 kt (0.1 Mt @ 2.8%)
Production: N/A

Catalysts:

  • Agreement on definitive terms with customers for offtake and project financing
  • Planned 10,000-meter drill campaign for 2023 focused on converting Inferred Resource and growing the Measured and Indicated Resource base
  • Final investment decision expected in H1 2023 for start of concentrate production as early as mid-2024
  • Completion of the study on rougher concentrate project, aimed at increasing total Ni production

More details in the 2023 Asset Handbook

 

 
Silver and Golden Swan, page 60
Source: Company disclosure and Osisko management estimates.