Investor Update - September 2017
Investor Update - September 2017
Perth, Sep 18, 2017 AEST (ABN Newswire) - Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) provides the Company's latest Investor Presentation on Namdini Gold Project.


Namdini gold deposit - mineralised system currently measuring up to 350m in width and extending over 1km within the West African Birimian greenstones

Mining Licence - recently granted for a 15 year renewable term with environmental permitting in progress

Mineral Resource - 1st drill hole to maiden resource in 18 months - declared Nov 2016 and updated Sept 2017

Resource expansion - open at depth and along strike with drilling on-going

Metallurgy - testwork confirms conventional crush-grind-float-regrind-CIL circuit. Optimisation ongoing

Infrastructure - established roads, grid power and continuous water supply available - located nearby

Community - pre-existing, robust, long term relationships assists with rapid development objective

Board and Management Team - proven track record in African gold mining industry, in particular, Ghana


- The Namdini deposit is hosted along the regional-scale Nangodi Shear zone which is spatially associated with the nearby Youga and Shaanxi gold mining operations

- Gold mineralisation is characterised by disseminated sulphides in sheared Birimian greenstones (metavolcanics intruded by granite & diorite)

- Namdini is a significant mineralised system of up to 350m in width, 650m in depth and extending over 1km in strike length


- Granted Mining Licence paves the way to production

- Large scale single open pit opportunity

- Anticipated low strip ratio

- Conventional processing flowsheet

- Local infrastructure

o National HV power grid ~30km

o Water supply ~7km

o Sealed highway ~15km

- Low population density

- Open savannah grassland

To view the full presentation, please visit:

About Cardinal Resources Ltd

Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) is a West African gold-focused exploration and development Company which holds interests in tenements within Ghana, West Africa.

The Company is focused on the development of the Namdini Project with a recently announced Maiden Probable Reserve of 4.76Moz and is now advancing the feasibility study supported by additional multi-disciplinary engineering activities.

Exploration programmes are also underway at the Company's Bolgatanga (Northern Ghana) and Subranum (Southern Ghana) Projects.



Archie Koimtsidis
Cardinal Resources Limited
P: +61-8-6558-0573

Alec Rowlands
IR / Corp Dev
Cardinal Resources Limited
P: +1-647-256-1922

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