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Poseidon Nickel In Trading Halt Pending Definitive Feasibility Study Announcement

Poseidon Nickel (ASX: POS) has been granted a trading halt by the ASX pending an announcement regarding the release of the company's Definitive Feasibility Study.

Poseidon Nickel is developing the first new nickel project in Western Australia for many years. The Windarra Project is a higher grade nickel sulphide deposit that has demonstrated high recovery levels through a standard nickel floatation concentrator.

The total current Mineral Resource is located at two positions 10 kilometres apart and includes the existing brownfields mine at Mt Windarra and a new discovery at Cerberus.

The Windarra Nickel Project is owned 100% by Poseidon and is located in the North Eastern Goldfields, 260 kilometres north east of Kalgoorlie on sealed roads.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 30th April 2013.

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