Quarterly Activities Report
Perth, April 30, 2019 AEST (ABN Newswire) - Ardiden Ltd (ASX:ADV) provides the Company's Quarterly Activities Report.
SEYMOUR LAKE LITHIUM PROJECT - Ontario (100%-owned)
- Ardiden completed an updated Mineral Resource estimate at Seymour Lake resulting in an aggregate Mineral Resource of 4.83Mt @ 1.25% Li2O and 186ppm Ta2O5 reported in accordance with the JORC Code (2012)
- The upgraded Mineral Resource is comprised of:
o North Aubry Deposit
-- Indicated Mineral Resource of 2.13Mt @ 1.29% Li2O & 210ppm Ta2O5
-- Inferred Mineral Resource of 1.7Mt @ 1.5% Li2O & 189ppm Ta2O5
o South Aubry Deposit
-- Inferred Mineral Resource of 1.0Mt @ 0.8% Li2O & 128ppm Ta2O5
- The upgraded estimate represents a 400% increase from the previously reported Maiden Mineral Resource of 1.23Mt @ 1.43% Li2O (October 2017)
- Significant spodumene mineralisation extends beyond the defined Mineral Resource of the North Aubry Lithium Deposit
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About Ardiden Ltd
Ardiden Limited (ASX:ADV) is an emerging international diversified exploration and development company possessing a mature multi-element asset portfolio, with a near term development pipeline, focused quality projects located in the established mining jurisdiction of Ontario, Canada.