Ardea Resources Ltd. · ASX:ARL
Ardea Resources — Australian Nickel Conference 2021
25 slides from Ardea Resources's conference presentation, Oct 5, 2021
Slide 1: A globally significant source of nickel-cobalt and scandium in Western Australia
A globally significant source of nickel-cobalt and scandium in Western Australia Australian Nickel Conference 5 October 2021 Ardea Resources Limited Kalgoorlie Nickel Project – the Location, Resource and Flowsheet for sustainable Critical Minerals supply
Slide 2: Disclaimer
Disclaimer Important notice This presentation contains general information only and is, or is based upon, information which has been released to ASX or is contained in the Ardea Resources Limited (Ardea or the Company) prospectus dated 9 November 2016 (including supplementary prospectuses dated 18 N
Slide 3: Ardea Resources Corporate Overview
Ardea Resources Corporate Overview Board and Key Personnel Kalgoorlie Nickel Project – Goongarrie Hub Mathew Longworth Non-Executive Chair Globally significant Nickel, Cobalt and Andrew Penkethman Managing Director & CEO Scandium resource and other Critical Minerals Ian Buchhorn Executive Director
Slide 4: Developing KNP – Australia’s next major Ni-Co project
Developing KNP – Australia’s next major Ni-Co project Kalgoorlie Nickel Project (KNP) There is no battery revolution without the development of strategic nickel laterite resources, such as the Kalgoorlie Nickel Project that can ensure sustainable and ethical mineral supply 4
Slide 5: KNP – Building Blocks for success
KNP – Building Blocks for success World’s best operating jurisdiction Globally significant resource Premium goethite geo-metallurgy Enhanced flow sheet Proven technology Experienced team working with high quality partners Project development based on sustainable and ethical principles
Slide 6: World’s best operating jurisdiction
World’s best operating jurisdiction • All Ardea Projects located in Western Australia (WA) • >4,000km2 ground position in Eastern Goldfields • WA is the premier global destination for development of minerals operations • City of Kalgoorlie-Boulder is the prime resource development and operating dest
Slide 7: World’s best operating jurisdiction
World’s best operating jurisdiction • Large contiguous KNP land holding – able to optimise site footprint • Great Western Woodland amenable to low-impact Optimum development and rehabilitation location for • Semi-arid environment, facilitates well managed tailings disposal sustainable Rehabilitati
Slide 8: Globally Significant Resource
Globally Significant Resource Globally significant nickel & cobalt Mineral Resource Sustainable & ethical supply of nickel & Critical Minerals for low carbon future Goongarrie Hub - High grade component - 78Mt at 1.0% Ni and 0.069% Co* 784kt contained Nickel 54kt contained Cobalt • Kalgoorlie Ni
Slide 9: Understanding the Geo-metallurgy
Understanding the Geo-metallurgy Matching the flowsheet to the mineralisation Material Types Appraisal Comprehensive drilling, logging and assaying of all deposits Detailed multi-element assay suite (61 elements), including carbon balance XRD mineralogy for metallurgical performance Material
Slide 10: Enhanced flow sheet
Enhanced flow sheet Premium goethite ore (excellent comminution, less abrasive, lower maintenance) MHP sale product during ramp up, in high demand Evaluating PCAM production through FBICRC membership Additional Critical Mineral by-products (current bench-scale metallurgy) Process Metallurgy
Slide 11: Proven technology
Proven technology Coral Bay HPAL Example Ramp up rates HPAL chemistry is well known and has been Horizontal autoclave at Coral Bay built Train 1: 2005, Train 2: 2008 applied successfully since the 1960s At Coral Bay name plate production capacity exceeded in first year of Single reactor prod
Slide 12: Proven technology
Proven technology “Must Haves” for HPAL Success – all incorporated into the KNP FS Good Materials Handling Controlled Chemistry Well known resource Feed blending & acid rate control Modular ore prep circuits no supply issues Design to avoid HPAL “hot spots” Design for high density slurry f
Slide 13: Experienced team working with quality partners
Experienced team working with quality partners Feasibility Study Gap Analysis Study Underway - Wood, international engineering consulting group Goongarrie Hub Hydrogeology Drilling underway – Rockwater & Harrington Goongarrie Hub Metallurgical Drilling completing – contractor DDH1 Metallurgi
Slide 14: Project development based on sustainable & ethical principles
Project development based on sustainable & ethical principles Low carbon footprint KNP Acid plant – Steam Power Block Flow Diagram Indicative CO2 emissions – per kg of Ni metal equivalent production Heat generated from on-site acid plant will be used for CO2 emissions from the KNP expected t
Slide 15: Investment Summary
Investment Summary Ardea’s KNP offers unrivalled nickel, cobalt and scandium scale optionality (5.9Mt of nickel and 384kt of cobalt*) Globally significant nickel-cobalt-scandium resource in an infrastructure-rich and stable jurisdiction, ability for Ni Co Sc Mn sustainable and ethical mineral supply
Slide 16: For further information
For further information Andrew Penkethman, Managing Director & CEO +61 8 6244 5136 ardea@ardearesources.com.au ardearesources.com.au 16
Slide 17: APPENDICES
A globally significant source of nickel-cobalt and scandium in Western Australia For further information regarding Ardea, please visit www.ardearesources.com.au APPENDICES
Slide 18: Nickel and the Inevitable Rise in Demand
Nickel and the Inevitable Rise in Demand Demand for batteries is forecast to accelerate over the next decade as energy storage becomes critical to the transformation of energy systems KNP poised to supply nickel and cobalt to meet the inevitable and growing rise in demand Global battery demand p
Slide 19: Experienced team working with quality partners
Experienced team working with quality partners Board and Key Personnel Balanced financial and corporate experience, strong technical expertise in exploration, discovery, project development, metallurgical optimisation, compliance and operational management Mathew Longworth Non-Executive Chair 33 y
Slide 20: Project development based on sustainable & ethical principles
Project development based on sustainable & ethical principles Environmental Social and Governance (ESG) considerations at the forefront of the way in which Ardea does business Project designs and work practices based on ensuring the Company minimises green-house gas emission to ensure responsibl
Slide 21: KNP Superior HPAL Intensity
KNP Superior HPAL Intensity Good ore grade + good slurry density = Lower capex & opex $$ Atmospheric leach = stable operation, utilizes saprolite resource MHP Product = known technology & good market acceptance Operating data from Australian HPAL Producers Performance Driver Ardea Bulong Cawse
Slide 22: A High-Quality Nickel and Cobalt Project
A High-Quality Nickel and Cobalt Project Outstanding results delivered from PFS* and PFS of 1Mtpa and 1.5Mtpa base case over a 25- Expansion Studies: year mine life completed 1.0Mtpa 1.5Mtpa 2.25Mtpa Expansion study of 2.25Mtpa with a Status PFS PFS ES 25-year mine life completed No. Trains 1 1
Slide 23: KNP Resource Breakdown
KNP Resource Breakdown Kalgoorlie Nickel Project nickel-cobalt JORC Code (2012) Mineral Resource Estimate Resource Size Ni Co Contained Metal Camp Prospect Category (Mt) (%) (%) Ni (kt) Co (kt) KNP TOTAL Measured 22 0.94 0.079 207 17 Indicated 357 0.72 0.047 2,584 168 Inferred 452 0.68 0.044 3,088 1
Slide 24: Goongarrie Hub Mineral Resources using a 0.8% Ni cut-off grade
Goongarrie Hub Mineral Resources using a 0.8% Ni cut-off grade Summary of Mineral Resource Estimate from the Goongarrie Hub, based on a 0.8% Ni cut-off grade, comprising resources at Goongarrie Hill, Goongarrie South, Highway, Big Four, Scotia Dam and Highway (ASX release 16 June 2021). Note figures
Slide 25: Goongarrie Deposits Mineral Resources including Sc, using a 0.5% Ni cut-off grade
Goongarrie Deposits Mineral Resources including Sc, using a 0.5% Ni cut-off grade Summary of Mineral Resource Estimate from the Goongarrie deposits based on a 0.5% Ni cut-off grade (ASX release 15 February 2021). Resource Tonnes Ni Co Contained Metal Sc Resources Deposit Category (Mt) % % Ni (kt) Co