World-significant Australian cobalt and nickel for the battery industry

Ardea Resources Ltd (ASX:ARL) (OTCMKTS:ARRRF) provides the Company's latest presentation at Diggers & Dealers, Kalgoorlie.

The Ardea Value Proposition

- The 100%-owned Goongarrie Nickel Cobalt Project is part of the largest Cobalt Resource in the Developed World

o 773Mt at 0.7% Ni and 0.05% Co(see Note below)

- Potentially a multi-decade producer of high-quality nickel and cobalt sulphate - 100% offtake available

- 1.0Mtpa base case PFS demonstrates a low-capital expenditure start-up with robust project economics

- Readily expandable to 2.25Mtpa - Mill feed grades 0.88% Ni and 0.10% Co

- Goongarrie is a low technical risk project to feed the burgeoning EV and ESS market

- DFS programs underway - focus on Approvals, piloting

- Strategic partner interest is high as Ni-Co supply concerns rise

- Other value drivers - Au and Ni sulphide in WA and base metals in NSW

Note: Ardea Resources Annual Report 2017

To view the full presentation, please visit:
http://abnnewswire.net/lnk/3024C9K6


About Ardea Resources Ltd

Ardea Resources Ltd (ASX:ARL) (OTCMKTS:ARRRF) (FRA:A91) is an Australian resources company which owns 100% of the Kalgoorlie Nickel Project (KNP), a globally significant series of nickel-cobalt laterite deposits which host the largest cobalt resource in the developed world. Ardea is focused on the development of the Goongarrie Nickel Cobalt Project (GNCP) within the KNP, 80km north of Kalgoorlie WA. Ardea has completed a Prefeasibility Study for a 1Mpta and 1.5Mtpa case on the GNCP and also a scoping study for a 2.25Mtpa case. Ardea is currently working with KPMG Australia Corporate Finance to secure a Strategic Partner to jointly develop the GNCP. Ardea also owns an extensive portfolio of projects in Western Australia and New South Wales which are highly prospective for gold, nickel sulphide and zinc.

  

Contact

Ardea Resources Ltd
T: +61-8-6244-5136
E: ardea@ardearesources.com.au
WWW: www.ardearesources.com.au



Link: Ardea Presentation Digger & Dealers Kalgoorlie



Related Companies

Ardea Resources Ltd


Related Industry Topics:
Metals Materials General Mining Nickel Cobalt