Poseidon Nickel Limited has significantly strengthened its board and management team. Mr. Derek La Ferla has accepted the position of Independent Non-Executive Chairman of Poseidon. Derek is the current Chairman of Sandfire Resources Limited and a number of other ASX listed companies.

Derek will commence as Independent Non-Executive Chairman, effective 1 December 2019. Panoramic Resources founder and long-serving Managing Director, Mr. Peter Harold has accepted the position of Managing Director and Chief Executive Officer of Poseidon. Peter will join the Company effective 3 March 2020.

During this intervening time, he will be in regular contact with the current executive team with respect to the current re-start study and associated strategic activities. Mr. Riekie continues in the interim CEO role until the commencement of Mr. Harold in March 2020. Mr. Brayshaw will continue on the Board as an independent Director.