Seymour Lake Drilling and Development Update
Perth, Sep 8, 2017 AEST (ABN Newswire) - Lithium and graphite explorer Ardiden Limited (
ASX:ADV) is pleased to provide an update on drilling and pre-development activities at its 100%-owned Seymour Lake Lithium Project in Ontario, Canada.
The second diamond drilling rig now on site at South Aubry prospect with drilling to commence shortly as Ardiden continues to progress project evaluation, permitting and key stakeholder consultations
HIGHLIGHTS:
- Successful community consultation meeting held with Whitesand First Nation, MNDM and environment consulting group DST.
- Initial stages of Feasibility Study underway with commencement of Environmental Baseline Study.
- Further stakeholder meeting planned for late November, as the visas to Canada were delayed for Yantai Jinyun technical representatives.
- Second diamond drill rig and geological team now on site at the South Aubry prospect.
The Company is pleased to report that it recently held a very successful initial community consultation meeting with the Whitesand First Nation, the Ministry of Northern Development and Mining ("MNDM") and other interested parties. Ardiden is extremely encouraged by the discussions, with all parties acknowledging the proposed aggressive development timeline and pledging their support for the advancement of the Seymour Lake Lithium Project into commercial production.
One of the main prerequisites to move the project to the next stage is the completion of a Feasibility Study ("FS"), which also requires the completion of an Environmental Baseline Study ("EBS") for required approvals. Ardiden has engaged DST Consulting Engineers ("DST"), from Thunder Bay, to complete the EBS as they have detailed knowledge of the area and have already established a working relationship with the Whitesand First Nation.
DST have already commenced the first stage of the EBS program, with various data collection programs and surveys underway including but not limited to ground water analysis, rainfall, site access, topography, flora and fauna. Subject to the ongoing results and provincial and federal environmental requirements, Ardiden expects the EBS to be completed by late 2018.
Representatives from the Company's Chinese strategic partner, Yantai Jinyuan Mining Machinery Co., Ltd ("Yantai"), were not able to attend the community consultation meeting with the Whitesand First Nation due to delays in receiving their travel visas. As a result, a further stakeholder meeting has now been planned for late November, so that Yantai can meet with the various stakeholders and undertake a site visit.
Following the successful community consultation meeting with Whitesand First Nation, representatives from the MNDM and DST also undertook a site visit to the North Aubry prospect at the Seymour Lake Lithium Project to obtain a better understanding of the project for the completion of the feasibility work and development requirements.
During the community consultation meeting, a variety of objectives were discussed including access to the market. Whitesand First Nation representatives highlighted the potential use of the historical Ferland Railway Station as a means to access the railway network to transport the future lithium concentrate to end-users.
With the permission of the Whitesand First Nation elders, Ardiden conducted a brief site visit to the Ferland Railway Station and, subject to further and more detailed analysis during the feasibility program, this railway site could provide the Company with a strategic advantage by dramatically reducing transport time and costs, given its location just 3.5km south of project.
Due to a number of unforeseen delays, the second diamond drill rig has now arrived at the Seymour Lake Lithium Project. The Company's drilling and geological teams are completing preparations and are due to commence drilling shortly at the South Aubry prospect, which will be followed by additional drilling at the Central Aubry prospect.
The Company looks forward to providing further updates as they come to hand.
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About Ardiden Ltd
Ardiden Limited (ASX:ADV) is an emerging international diversified exploration and development company possessing a mature multi-element asset portfolio, with a near term development pipeline, focused quality projects located in the established mining jurisdiction of Ontario, Canada.
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