Presentation to the Australian Nickel Conference
Perth, Oct 23, 2018 AEST (ABN Newswire) - Ardea Resources Ltd (
ASX:ARL) (ARRRF:OTCMKTS) provides the Company's presentation to the Australian Nickel Conference.
Investment Summary
- Advanced Australian nickel and cobalt project at Goongarrie
o 141,912 m of RC drilling completed, plus diamond and sonic drilling for bulk metallurgy samples
o The Goongarrie Mineral Resource contains 1.5 million tonnes of nickel and 130,700 tonnes of cobalt
- Prefeasibility Study completed
o 1Mtpa and 1.5Mtpa case studies offer significant economic opportunity
o Scoping Study completed on 2.25Mtpa case shows excellent upside
- DFS Programs underway
- Positive metallurgical factors and test-work
- Leveraged to increasing nickel and cobalt demand from the rapidly growing EV and Static Storage Battery markets
To view the full presentation, please visit:
http://abnnewswire.net/lnk/33ML8U6G
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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