Goongarrie Nickel Cobalt Project
WA Gold & Nickel Sulphide
NSW Gold & Base Metals
Ardea is focused on the development of the Goongarrie Nickel Cobalt Project leveraging off demand for battery minerals
100% Ardea owned, strategic nickel laterite tenure that covers historic gold structures and nickel sulphide, virtually no gold exploration in two decades, Ardea drilling has commenced
Proposed spin-out, Lachlan Fold Belt projects targeting McPhillamy style gold and Cadia-style porphyries, very large mineralized system targets, Ardea defined resources being explored
Goongarrie Nickel Cobalt Project (GNCP), largest cobalt resource in the developed world, premium ore type, granted Mining Leases
- Positive Pre-Feasibility Study and Expansion Study, robust economics with post-tax NPV8 A$2.3 billion and post-tax IRR 27%, significant expansion potential
- Exceptional existing infrastructure, proven HPAL flow-sheet, low technical risk, extensive processing testwork with $50 million historic evaluation studies
- Ethical, low environmental impact, multi-generation mine-life
WA Gold and Nickel Sulphide complementing GNCP, minimal exploration for two decades, target definition completed, initial Ardea drilling commenced
- Mt Zephyr 50km strike of Wallaby-Jupiter hosting Celia Lineament
- Bardoc Tectonic Zone east contact of nickel laterite, 50km strike of historic gold workings
- Perrinvale eastern strike continuation of Mt Alexander nickel sulphide discovery
NSW Gold and Base Metals planned IPO spin-out with in-specie share distribution to Ardea shareholders
- Lewis Ponds 6.6Mt at 1.5g/t Au & 2.4% Zn, resource re-estimation current, excellent metallurgy, 50km strike of McPhillamys gold structure
- Mt Aubrey epithermal gold, previous shallow oxide pits, historic drill holes include 12m at 18g/t Au, 36m at 3g/t Au, 7m at 20g/t Au, resource estimation current
- Yeoval porphyry copper-gold, ore grade historic drill-holes, geological modelling current
