Fast Tracking towards Development in Northeast Ghana
Cardinal Resources Ltd (WHY INVEST IN CARDINAL?
- Flagship Namdini Gold Project
o 4.3 Moz Au Indicated at 1.1 g/t
o 3.1 Moz Au Inferred at 1.2 g/t
o Cut off grade -0.5 g/t
o Single open pit
o Discovery Cost ~ US$6 per oz
- Significant regional land package (900km2)
o Further exploration upside
- Proven board and management team
o Experienced exploring and developing mines in Africa
o Extensive in-country and international expertise
- Robust balance sheet
- Global institutional shareholders
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About Cardinal Resources Ltd
Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) is a West African gold exploration and development Company that holds interests in tenements within Ghana, West Africa.
The Company is focused on the development of the Namdini Project with a gold Ore Reserve of 5.1Moz (0.4 Moz Proved and 4.7 Moz Probable) and a soon to be completed Feasibility Study.
Exploration programmes are also underway at the Company's Bolgatanga (Northern Ghana) and Subranum (Southern Ghana) Projects.
Cardinal confirms that it is not aware of any new information or data that materially affects the information included in its announcement of the Ore Reserve of 3 April 2019. All material assumptions and technical parameters underpinning this estimate continue to apply and have not materially changed.
Contact
Archie KoimtsidisCEO / MD
Cardinal Resources Limited
P: +61-8-6558-0573
Alec Rowlands
IR / Corp Dev
Cardinal Resources Limited
P: +1-647-256-1922
Warrick Hazeldine
Cannings Purple
E: whazeldine@canningspurple.com.au
P: +61-417-944-616
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