Developing
Exploring
Divesting
Ardea’s flagship is Australia’s premier nickel-cobalt project
Exceptional greenfields opportunities in overlooked areas of the Eastern Goldfields
Australia’s premier address for bulk-tonnage copper-gold porphyry, epithermal gold, and polymetallic VMS deposits
The 100% owned Goongarrie Nickel Cobalt Project (GNCP) is part of the largest Nickel 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 potential for multiple processing hubs and multi-decade mine life
- DFS programs under way
- Ethical, low environmental impact (no valley fill or submarine tails disposal) and long life source of nickel-cobalt from a stable, exceptional infrastructure rich jurisdiction
- Strategic partner interest is high as concerns rise around secure long-term supply of battery grade nickel and cobalt
WA Gold and Nickel Sulphide complementing GNCP, 3,500km² of 100% controlled tenure in one of Australia’s premier gold and nickel sulphide provinces, minimal exploration for two decades, target definition completed, initial Ardea drilling commenced
- Mt Zephyr 50km strike of Wallaby-Jupiter hosting Celia Lineament, drilling confirms gold mineralisation at Gale and nickel sulphide gossan at Jones A, within the Mt Zephyr project
- Bardoc Tectonic Zone east contact of nickel laterite, 50km strike of historic gold workings. Drilling recently completed
- Gold exploration programs active on Taurus, Bedonia, and Ghost Rocks (on the BTZ)
- Bedonia, Perrinvale, and Emu Lake nickel (-copper-PGE) sulphide projects being assessed
- Systematic assessment and ranking of all non-nickel cobalt laterite projects during 2019 of Extensive tenure position
NSW Gold and Base Metals 2,000km² of 100% ARL controlled, highly prospective tenure within Lachlan Fold Belt, NSW. Planned IPO spin-out with in-specie share distribution to Ardea shareholders
- Resource upgrade underway at Lewis Ponds (polymetallic Zn-Ag-Pb-Au-Cu VMS deposit)
- Data review underway for all projects
- First phase mapping and auger geochemical sampling undertaken with a focus on Mt Aubrey (high grade Au-Ag epithermal), Yeoval & Copper Hill East (porphyry systems) and Gundagai (orogenic gold)
- Divestment timeline: prospectus expected to be issued in H2 2019 – Aiming to list within the next 12 months
- Also considering project sale opportunities
