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Ardea Resources Limited
is a focused developer
and explorer.

About us

Scandium complements Goongarrie South cobalt-nickel
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Appendix 3Y: Change of Director's Interest Notice
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Results of Annual General Meeting
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Black Range cobalt, nickel, scandium and platinum / palladium resources

UPDATE 31 Oct 2017

  • New scandium and platinum+palladium (PGM) resources are defined for the Black Range cobalt-nickel deposit.
    • The new resources cover only a portion of the strike length of the deposit, so are initial estimates pending further data.
  • The recently remodelled cobalt and nickel resources at Black Range are 19.2 Mt at 0.09 % Co and 0.68 % Ni. This is overlapped by new Inferred scandium and PGM resources that will require mining of the cobalt-nickel zone if they are to be exploited:
    • a new inferred resource of 8.70 Mt at 65.6 g/t scandium partly inside the 19.2 Mt cobalt-nickel zone; and
    • a new inferred resource of 6.55 Mt at 0.54 g/t PGMs (0.33 g/t platinum and 0.21 g/t palladium) partly inside both the cobalt-nickel and scandium zones
  • As each resource overlaps the other, the values presented cannot be added to define a total resource.
  • The limited spatial extent and therefore the tonnage of the scandium and PGM resources is expected to be expanded by future drilling.
  • Extraction of these metals is feasible using flowsheets presently under assessment by the Company to extract cobalt and nickel.

Read full announcement (31 October 2017)

KNP Cobalt Zone global resource updated

Read full announcement (28 August 2017)

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.