Poseidon Nickel Limited operates in the Ferroalloy ores, except vanadium sector. Poseidon Nickel Limited is an Australia-based company engaged in exploration, mining and production of nickel and other minerals. The Company's project includes Windarra nickel project. The Company is principally engaged in exploration and development of nickel mineralization in Mount Windarra. Windarra consists of two leases, and one main lease covering a total area of 70 square kilometers. The drill rig operates 24/7 at Cerberus with 2 shifts drilling approximately 70 meters per day. South Windarra is an open pit located 14 kilometers from Mount Windarra. During the fiscal year ended June 30, 2011, the Company focused on drilling out the Cerberus deposit on an 80 meters x 80 meters drill pattern. The Company has one operating segment: nickel exploration and evaluation. The Company's wholly owned subsidiaries include Poseidon Nickel Atlantis Operations Pty Ltd, Poseidon Nickel Olympia Operations Pty Ltd and Wells Gold Corporation (International) Pty Ltd.