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Ardea Resources Limited
is a focused developer
and explorer.

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Presentation: Ardea presents at Paydirt Batteries Conference Mar 2018
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ARL - Resource Upgrade at KNP Cobalt Zone delivers 108M
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Drilling confirms continuity of cobalt and nickel mineralisation
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Resource Update at KNP Cobalt Zone delivers over 100 million tonnes

Significant increase in resource defined in preparation for the Pre-Feasibility Study mining schedule

  • An updated KNP Cobalt Zone resource has increased markedly to 108.3 Mt at 0.10 % cobalt and 0.79 % nickel
    • Includes over 108,000 tonnes of contained cobalt metal and over 856,000 tonnes of nickel metal
  • Increased tonnages are from Goongarrie area:
    • Reflects revenue-driven cobalt and nickel focus for mining schedules defined for the PFS on the Goongarrie Nickel Cobalt Project with increased inclusion of nickel blocks
    • Reported resources are captured within conceptual PFS pit shells
    • Shallow, lateritic, cobalt-nickel mineralisation is up to 16 km long and 1 km wide
  • PFS finalisation progressing

Details in 14 March 2018 announcement

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.