World-significant Australian cobalt and nickel for the battery industry
Presentation Update
Perth, Feb 19, 2019 AEST (ABN Newswire) - Ardea Resources Ltd (
ASX:ARL) (ARRRF:OTCMKTS) provides the Company's latest presentation.
Investment Summary
- Advanced Australian nickel-cobalt project at Goongarrie
o Large mineral resource in a stable jurisdiction
o Significant drilling and metallurgical work already completed
o Project Studies completed:
-- 1Mtpa and 1.5Mtpa case studies offer significant economic opportunity
-- Scoping Study completed on 2.25Mtpa case shows excellent upside
o DFS Programs underway
o Leveraged to increasing nickel and cobalt demand from the rapidly growing EV and Static Storage Battery markets
- Ardea has a highly prospective landholding in WA with active drill programs for gold and nickel sulphides
- Excellent portfolio of NSW gold and base metal assets
To view the full presentation, please visit:
http://abnnewswire.net/lnk/580Q311L
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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