World-significant Australian cobalt and nickel for the battery industry
Presentation at Diggers and Dealers Kalgoorlie
Perth, Aug 6, 2018 AEST (ABN Newswire) - Ardea Resources Ltd (
ASX:ARL) (ARRRF:OTCMKTS) provides the Company's latest presentation at Diggers & Dealers, Kalgoorlie.
The Ardea Value Proposition
- The 100%-owned Goongarrie Nickel Cobalt Project is part of the largest Cobalt Resource in the Developed World
o 773Mt at 0.7% Ni and 0.05% Co(see Note below)
- Potentially a multi-decade producer of high-quality nickel and cobalt sulphate - 100% offtake available
- 1.0Mtpa base case PFS demonstrates a low-capital expenditure start-up with robust project economics
- Readily expandable to 2.25Mtpa - Mill feed grades 0.88% Ni and 0.10% Co
- Goongarrie is a low technical risk project to feed the burgeoning EV and ESS market
- DFS programs underway - focus on Approvals, piloting
- Strategic partner interest is high as Ni-Co supply concerns rise
- Other value drivers - Au and Ni sulphide in WA and base metals in NSW
Note: Ardea Resources Annual Report 2017
To view the full presentation, please visit:
http://abnnewswire.net/lnk/3024C9K6
About Ardea Resources Ltd
Ardea Resources Ltd (ASX:ARL) (OTCMKTS:ARRRF) (FRA:A91) is an ASX listed resources company, with 100% controlled Australian based projects, prioritising a three-pronged value creation strategy which is:
- development of the Goongarrie Nickel Cobalt Project, which is part of the Kalgoorlie Nickel Project, a globally significant series of nickel-cobalt deposits which host the largest nickel-cobalt resource in the developed world, coincidentally located as a cover sequence overlying fertile orogenic gold targets;
- advanced-stage exploration at WA gold and nickel sulphide targets within the Eastern Goldfields world-class nickel-gold province; and
- the demerger of the NSW gold and base metal assets with planned in-specie share distribution, with projects located within the Lachlan Fold Belt world-class gold-copper province.
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