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Ardea Resources Limited

A Sustainable and Ethical Source of Nickel and Critical Minerals from the Kalgoorlie Nickel Project, Western Australia

Ardea Resources is a Western Australia (WA) focused developer and explorer with a clear strategy to become an integrated, ethical feedstock supplier to the Lithium Ion Battery (LIB) sector and to make gold and nickel sulphide discoveries.

Ardea is a key industry participant of the Future Battery Industry Co-operative Research Centre.

Goongarrie Nickel Cobalt Project (GNCP)

15 February 2021: Ardea announced GNCP High Grade Resource - 60 million tonnes at 1.0% nickel Sustainable Long-life Battery Metal Resource Confirmed

The GNCP is planned to be a high quality, long-life operation, with multi-commodity optionality. The GNCP forms part of the broader Kalgoorlie Nickel Project (KNP), which Ardea owns 100% and is located within one of the worldā€™s most infrastructure-rich and stable mining jurisdictions.

The KNP, commencing with the GNCP can play a critical role as a long-life, sustainable, and ethical supply of nickel, cobalt and associated Critical Minerals for the expanding battery industry.

JORC 2012-compliant Mineral Resource Estimate (MRE) completed for the Goongarrie Nickel Cobalt Project (GNCP)
GNCP based on 0.8% Ni cut-off grade GNCP based on 0.5% Ni cut-off grade KNP based on 0.5% Ni cut-off grade
Measured Indicated & Inferred MRE
  • 60Mt at 1.0% Ni and 0.07% Co
  • Contained metal 595kt nickel and 44kt cobalt
  • 259Mt at 0.7% Ni and 0.05% Co
  • Contained metal 1,817kt nickel and 119kt cobalt
  • 826Mt at 0.7% Ni and 0.05% Co
  • Contained metal 5,817kt nickel and 384kt cobalt

Notes:

  • GNCP Maiden scandium component 74Mt at 35ppm scandium
  • GNCP dominantly premium goethite mineralogy with excellent mineralised zone continuity, low acid consumption and good plant rheology
  • Manganese credit, potential for Precursor Cathode Active Material (PCAM)
  • Significant alumina credit within Clay Upper Goethite, recent Ardea R&D indicates potential for High Purity Alumina (subject to bench-scale testing)

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