Ardiden Limited · ASX:ADV
Ardiden — RIU Resurgence Conference 2021
19 slides from Ardiden's conference presentation, Dec 1, 2021
Slide 1: Primed for Gold Discovery in Canada
1 Primed for Gold Discovery in Canada RIU Resurgence Conference 1st December 2021 ASX: ADV
Slide 2: Disclaimer
2 Disclaimer This presentation has been prepared by Ardiden Limited (ABN 82 110 884 242) (ASX:ADV) (Company). Summary of information: This presentation contains general and background information about the Company’s activities current as at the date of the presentation and should not be considered t
Slide 3: The Investment Proposition
The Investment Proposition 3 • Large-scale land-holding in one of Canada’s most prolific mining regions • Primed for a 10,000m diamond drilling campaign starting January 2022 • 22 highly prospective gold targets provides massive exploration upside • Strong neighbourhood with excellent infrastructure
Slide 4: Board and Management
Board and Management 4 Experienced Team on the ground Angelo Falduzzi Exploration Project Manager Thunder Bay, Ontario Haydn Daxter Rob Longley Tara Robson Pauline Gately Neil Hackett Bruce McFadzean Managing Director & CEO CFO & Company Secretary Non-Executive Director Non-Executive Director Indepe
Slide 5: Corporate Structure
Corporate Structure 5 on 30 November 2021 Share Price (last 6 months) Key Metrics ASX Code ADV Share Price (30 Nov 2021) 1.1c Shares on Issue 2,153m Unlisted Options 39.625m Market Capitalisation (fully diluted) AUD 23.7m Cash Position (30 Sep 2021) AUD 2.12m Cash received from GT1 at ASX Listing (1
Slide 6: Our Assets
Our Assets 6 Pickle Lake Gold Project • Surrounded by large producing and historic gold mines with new discoveries continuing to be made • 870 km2 (87,000 hectare) land holding in an established mining district • Archean ‘Uchi’ belt extends east-to-west across the entire NW portion of Ontario • Uchi
Slide 7: Pickle Lake Gold Project
Pickle Lake Gold Project 7 • JORC (2012) Maiden Inferred Resource of 110,000oz @ 4.30 g/t Au at Kasagiminnis Gold Deposit ‘Kas’ • 99,600oz non-JORC1 historical estimate @ 5.8g/t Au at the Dorothy + Dobie Gold Deposits Our Neighbors Red Lake/Pickle Lake Evolution Mining (ASX:EVN) Market Capitalisatio
Slide 8: Gold Pipeline : Spoilt For Choice
Gold Pipeline : Spoilt For Choice 8 • 22 recognised deposits & prospects • High-grade, historic gold drill intercepts across entire landholding • Continuous exploration ground over a 100km wide highly prospective gold belt Advanced Gold Deposits ▪ Kasagiminnis: 110koz @ 4.3g/t Au Inferred JORC ▪ Dob
Slide 9: Exploring the Western Hub
Exploring the Western Hub 9 • Defined by the Bear Head Fault Zone (BHFZ) • A significant crustal scale dextral structure that has fed the gold systems at Red Lake, Pickle Lake and Dixie • BHFZ extends over 50km and is closely associated with the Golden Patricia ⬢ Targets: ✓ Large Dilational Structur
Slide 10: The Western Hub – 4,000m Esker Drilling Programme
10 The Western Hub – 4,000m Esker Drilling Programme • Maiden 4,000m diamond drilling programme commencing January • Drilling planned and fully funded to test gold bearing structures • Permits received and First Nations drill contractor appointed • Esker is situated 4km directly along strike of Barr
Slide 11: The Western Hub – 3,000m Dorothy-Dobie drill programme
11 The Western Hub – 3,000m Dorothy-Dobie drill programme • 3,000m diamond drilling to immediately follow Esker campaign • Testing brownfield strike extension targets along strike of Golden Patricia Mine (Barrick) • Drilling assisted by detailed airborne geophysics which identified large multi- km s
Slide 12: Opportunity for more Golden Patricia/Dixie-style discoveries
12 Opportunity for more Golden Patricia/Dixie-style discoveries • Great Bear Resources’ Dixie Project situated within same Uchi Archean Geological Sub- Province, 180km to the west, at Red Lake • Detailed geological and structural interpretation of Western Hub reveals similarities between the project
Slide 13: Western Hub – Expansion targeting
13 Western Hub – Expansion targeting • Geophysics will ‘lift the veil’ on additional targets • Minimal outcrop so geophysics and structural interpretation is key • Deep crustal scale faults have fed the gold systems at Red Lake, Pickle Lake and Dixie * • Initial re-interpretation of historical Canad
Slide 14: The Eastern Hub – 3,000m of drilling planned
14 The Eastern Hub – 3,000m of drilling planned Kasagiminnis Deposit • New discovery with no historical mining • 110,000oz Au JORC Inferred Resource 790,000t @ 4.3g/t Au • +Exploration Target*1 0.5-1.2Moz: 4.0-5.8Mt @ 3.9-6.6 g/t Au to 500m below surface • 2,000m drilling planned at lake and dilatio
Slide 15: Just scratched the surface
Just scratched the surface 15 High-Grade Gold Mines – Pickle Lake / Red Lake vertical mine profiles Alongside high-grade historic underground gold mines which produced > 3Moz gold at 13g/t Au* Pickle Lake underground gold mines developed from 1935 down to 1.2km Pickle Lake Gold Mines stopped in 1997
Slide 16: ESG and continuous First Nations Engagement
16 ESG and continuous First Nations Engagement • Ardiden is working closely with First Nations Groups and stakeholders across all projects • Ensuring nearby First Nation Communities’ cultures and traditional activities are respected • Negotiation and Agreement with First Nations Groups before explor
Slide 17: Projected Newsflow
17 Projected Newsflow DECEMBER ‘21 QTR MARCH ‘22 QTR ⬢ Mines Department Permit Received for Esker Gold Prospect ⬢ Drilling Commences at Esker Prospect on the Western Hub ⬢ First Nation Agreements progressed at Esker ⬢ Drilling Expanded to Dorothy-Dobie on the Western Hub ⬢ Drill contract signed for
Slide 18: The Investment Proposition
The Investment Proposition 18 ✓ Large-scale land-holding in one of Canada’s most prolific mining regions ✓ Primed for a 10,000m diamond drilling campaign starting January 2022 ✓ 22 highly prospective gold targets provides massive exploration upside ✓ Strong neighbourhood with excellent infrastructur
Slide 19: Thank You
Thank You 19 Contact Media/Investors Rob Longley +61 8 6184 5938 David Tasker Ardiden Limited info@ardiden.com.au Chapter One Advisors MD & CEO www.ardiden.com.au +61 433 112 936 dtasker@chapteroneadvisors.com.au Competent Person’s Statement The information in this report that relates to Exploration