July 16 (Reuters) - Poseidon Nickel Ltd POS.AX :
* Concentrate deliveries and operational cost reduction
* Says commenced deliveries of nickel concentrate to tsingshan in China from its lake johnston operation
* Says Poseidon expects to deliver over 3,000 tonnes of concentrate and receive revenue of $1.5 million
* Says board members, CEO and senior management have implemented a voluntary salary cut of 20%
* Source text for Eikon ID:nASXbwQ4yX