Poseidon Nickel’s underground Silver Swan mine and open cut Black Swan mine will be back in production within 12 months with support from Wyloo Metals.
Wyloo Metals has continued its strong support of Poseidon Nickel (“Poseidon”) by investing A$4.3 million in the capital raising announced by the Company today and by fully sub-underwriting the A$68.8 million associated entitlement offer.
Following the placement, Wyloo Metals has increased its holding in Poseidon to approximately 221.6 million shares or approximately 18 per cent of the expanded capital post placement.
Wyloo Metals is a company of Tattarang. It manages a diverse portfolio of wholly-owned exploration projects and cornerstone investments in both public and private companies.