Kalpini Project
Read full announcement (22 June 2017)
Historically, cobalt and nickel mineralisation at Kalpini has been identified over an approximate 30 km strike length. Thick intercepts of mineralisation are evident at numerous localities.
22 June 2017, Ardea released details of a drill program aimed to infill and characterise some of the lesser drilled areas between the defined deposits at Kalpini.
Cobalt at Black Range exceeds expectations
Read full announcement (13 June 2017)
We invite Shareholders to call us on (08) 96244 5136 if you would like to discuss or need technical explanations for any of this announcement. The Ardea team are keen to discuss any questions you or feedback you have. We also invite you email your feedback on this announcement to us to help us fine tune our communications going forward.
Targeted, intensive exploration
Ardea aim to increase shareholder value through a targeted and intensive exploration program. The Company plans to spend up to A$5 million mainly on drilling over two years on currently defined targets. A focused evaluation of each of the Company’s four leading projects to assess and rank development priorities will be undertaken.
KNP Cobalt Zone – Australia’s Premier Cobalt Resource
Ardea Resources Limited (Ardea), has completed an independent Resource Statement for the cobalt-rich portions of the Kalgoorlie Nickel Project (KNP). The new estimate for the KNP Cobalt Zone is 49.7Mt at 0.12% cobalt and 0.86% nickel, occurring within three separate KNP centres (See Table 1 in full announcement). The global cobalt resource for the full KNP remains unchanged at 805Mt at 0.05% cobalt using a 0.5% Ni cut-off grade.
Lewis Ponds Gold-Zinc Project
Bulk tonnage Exploration Target defined: Main Zone and Tom’s Zone JORC resource 6.6Mt at 1.5g/t gold and 2.4% zinc 1, strong potential to expand the tonnage, including untested up-dip surface oxide gold targets. Significant base metal-gold open-pit potential, with orogenic gold and base metal mineralisation defined which is very similar to other large deposits in the region, including Regis Resources McPhillamys 2.2Moz gold discovery located along structure 20km southeast.
9/3/17 Release - First diamond drill hole at Lewis Ponds has successfully intercepted over 50 m of massive, banded, and stringer zinc sulphide mineralisation. Drilling is ongoing.
Mt Zephyr Gold and Nickel Sulphide Project
Gale gold, associated with the domain boundary Celia Lineament, 273ppb gold in soils, 18m at 0.5g/t gold in RAB from surface to RAB refusal, no RC drilling of the central anomaly (700m x 100m RAB anomaly), geological setting comparable to the Dacian Gold Jupiter ‘syenite-hosted gold’ discovery located along structure 50km southeast. Jones Area A and B nickel sulphide, Mt Windarra ultramafic stratigraphy with discrete magnetic highs associated with ‘Silver Swan-style’ ultramafic channels, no previous RC drill testing or modern deep penetration ground and down-hole EM.
Bardoc Tectonic Zone and East Kalgoorlie Gold Projects
Big Four 6m at 8.6g/t gold historic drill-hole, open soil gold anomaly to south. Taurus 5m at 38g/t gold historic drill-hole, 50 ounces recent gold nugget discoveries.
