Slide 1: Investor Webinar Presentation
Investor Webinar Presentation ASX & Media Release 14 July 2020 Ardea Resources Limited (ASX: ARL, Ardea or the Company) is pleased to ASX Symbol announce its participation in the Noosa Mining Virtual webinar to be held on ARL Wednesday 15 July 10.40am AEST / 8.40am AWST. Managing Director and Chief
Slide 2: About Ardea Resources
About Ardea Resources Ardea Resources (ASX:ARL) is an ASX-listed resources company, with a large portfolio of 100% controlled West Australian-based projects, focussed on: • Development of the Goongarrie Nickel Cobalt Project, which is part of the Kalgoorlie Nickel Project, a globally significant ser
Slide 3: Noosa Mining Virtual Conference, 15 July 2020
the Kalgoorlie Nickel Project starting with Goongarrie Nickel-Cobalt for Gold and Nickel Sulphides within the Kalgoorlie Nickel Project Noosa Mining Virtual Conference, 15 July 2020 The faceted multi- coloured jewels represent the rich heart of Presented by Andrew Penkethman WA and its diverse chara
Slide 4: 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 5: Ardea is a Western Australia focused developer and explorer
Ardea is a Western Australia (WA) focused developer and explorer with a clear strategy to become an integrated, ethical feedstock supplier to the Lithium Ion Battery (LIB) sector and to make gold and nickel sulphide discoveries The Kalgoorlie Nickel Project (KNP) is the Developed World’s premier
Slide 6: Optimum Jurisdiction – Western Australia
Optimum Jurisdiction – Western Australia All Ardea Projects located in Western Australia (WA) WA is the premier global destination for development of minerals operations WA is the top ranking operating jurisdiction in the Fraser Institute’s Annual Survey of Mining Companies - Investment Attrac
Slide 7: Optimum Resource Scale and Location
Optimum Resource Scale and Location Assumption is a world-leading LIB investor will require a minimum annual output of 40,000tpa nickel metal in product With 5.5Mt contained nickel*, easily accommodated within the KNP, starting with the GNCP >100 year potential supply of resource within KNP
Slide 8: Exploration Upside
Exploration Upside >5,100km2 of 100% controlled tenure in one of Australia’s premier gold and nickel sulphide provinces Extensive tenure position provides multiple strategic options Priority focus on flagship KNP and GNCP tenements with globally significant nickel- cobalt resources and outstan
Slide 9: Gold Exploration Strategy
Gold Exploration Strategy Nickel laterite by definition will be localised upon crustal-scale Tectonic Zones (TZ), which structures control geological events from initial olivine komatiite rift volcanism, epiclastic sedimentation, Layered Mafic Complex emplacement, late stage diorite intrusion and
Slide 10: Kalgoorlie Nickel Project – Nickel, Cobalt and Gold
Kalgoorlie Nickel Project – Nickel, Cobalt and Gold (looking south – with GNCP in the foreground. Note the scale and location) Multiple gold and nickel occurrences BTZ Gold Controlling Structures around Ardea tenements Aphrodite North Gold >100 gold targets Project Windanya defined under cover G
Slide 11: Gold Exploration at GNCP
Gold Exploration at GNCP Regional kink GNCP location plan, showing Ardea tenements and highlighting the location of the Aphrodite North (red dashed box) and Grafter (blue dashed box) prospects, on magnetic data. The larger area circled with a dashed purple and yellow line represents the Goongarrie S
Slide 12: Aphrodite North Gold Target
Aphrodite North Gold Target Evolving gold discovery under lake cover Gold anomalism (>0.1g/t Au) defined over 2.4km by first ever drilling under surface and lake clay cover* Top Left – Air Core (AC) samples from hole, AGSA0013, 43-44m, 1m at 2.46g/t Au and 120-127m, 7m at 2.48g/t Au,^ within tar
Slide 13: Aphrodite North First RC Hole Drill Chips
Aphrodite North First RC Hole Drill Chips 11
Slide 14: Gold Exploration Project Pipeline - Grafter
Gold Exploration Project Pipeline - Grafter Located at south-eastern end of GNCP Underexplored area ~3.7 x 1.5km, previously held by prospectors Deformed mafic hangingwall sequence prone to gold mineralisation Numerous rock chip and drill anomalies Minor historic workings only (likely due
Slide 15: Gold Exploration Project Pipeline - Windanya
Gold Exploration Project Pipeline - Windanya Located 50km northwest of Kalgoorlie-Boulder Historic mining area (1897 and 1906), centred around the largest mine in the area, Half Mile Reef Geology - deformed ultramafic to mafic sequence prone to gold mineralisation Major historic workings, wi
Slide 16: Windanya Gold
Ladder Windanya Gold Main Shaft Shaft North Records sourced for the Half Mile Reef* indicate that between 1897 Level Plan and 1906, 23,480 tonnes of ore were mined from an underground operation, producing 12,993 ounces of gold. This indicates a recovered gold grade of 17.2 g/t Main Shaft Ladder
Slide 17: Gold Exploration Project Pipeline - Bulong
Gold Exploration Project Pipeline - Bulong Located approximately 30km east of the City of Kalgoorlie-Boulder The regionally significant crustal scale gold controlling structure, the Goddard Fault, trends Goddard north-south and passes through Ardea’s Bulong tenure (shown in red in the adjacent p
Slide 18: Investment Summary
Investment Summary KNP with “starter” GNCP offers unrivalled nickel and cobalt scale optionality, 5.5Mt of nickel and 405kt of cobalt held by a well-funded junior with $10M cash Globally significant mineral nickel-cobalt resource in an infrastructure-rich and stable jurisdiction, provides ability to
Slide 19: APPENDICES
the Kalgoorlie Nickel Project starting with Goongarrie Nickel-Cobalt for Gold and Nickel Sulphides within the Kalgoorlie Nickel Project For further information regarding Ardea, please visit www.ardearesources.com.au The faceted multi- APPENDICES coloured jewels represent the rich heart of WA and its
Slide 20: Corporate Snapshot
Corporate Snapshot Board and Executive Management Team Capital Structure, as at 13 July 2020 Katina Law Actively involved in the mining industry for over 25 years in corporate and site Shares on Issue 117,300,435 Non-Executive Chair based roles across several continents, including senior positions a
Slide 21: A High Quality Nickel and Cobalt Project
A High Quality Nickel and Cobalt Project Outstanding results delivered from PFS* and Expansion Studies completed in 2018: PFS of 1Mtpa and 1.5Mtpa base case over a 25-year mine life completed 1.0Mtpa 1.5Mtpa 2.25Mtpa Status PFS PFS ES Expansion study of 2.25Mtpa with a 25-year mine life complete
Slide 22: KNP Resource Breakdown
KNP Resource Breakdown KNP nickel-cobalt JORC Code (2012) Mineral Resource Resource category Size Nickel Cobalt Contained metal (Mt) (%) (%) Ni (t) Co (t) Measured 9.6 1.02 0.10 98,800 9,700 Indicated 232.9 0.75 0.06 1,759,700 141,200 Inferred 530.5 0.68 0.05 3,600,000 254,400 TOTAL 773.0 0.70 0.05
Slide 23: Goongarrie Nickel Cobalt Project Resources
Goongarrie Nickel Cobalt Project Resources Summary of total mineral Nickel Cobalt Project area, comprising resources at Goongarrie Hill, Goongarrie South, resources within the Goongarrie Big Four, and Scotia Dam (ASX release 14 March 2018). Camp Domains Cut-off Resource Size Nickel Cobalt Contained
Slide 24: Our Flagship Goongarrie Nickel Cobalt Project
Our Flagship Goongarrie Nickel - Cobalt Project Goongarrie JORC BTZ Gold Controlling Structures Resource 215.6 Mt at Aphrodite North Gold 0.71% nickel Project Windanya and 0.06% Gold Project Ardea tenure in cobalt red Reserves optimised for 25 year mine life only, Grafter less than Gold 20% of Goong
Slide 25: Reserves Defined for Goongarrie Nickel Cobalt Project
Reserves Defined for Goongarrie Nickel Cobalt Project* Goongarrie Nickel Cobalt Project, Ore Reserves based on 25 year mine life at 1.5 Mtpa. Size Nickel Cobalt Deposits Class (Mt) (%) (%) Goongarrie South Proven 8.95 0.96% 0.10% Using a nickel equivalent cut of >0.81%, which Probable 17.26 0.79% 0.
Slide 26: Resource Comparison
Resource Comparison RESOURCES - AUSTRALIAN BULK TONNAGE NICKEL Ardea1 Kalgoorlie Nickel Project, WA Nickel Laterite Classification Mt % Ni % Co ppm Sc tonne Ni tonne Co tonne Sc Measured 9.6 1.03 0.10 not quoted 98,800 9,700 Indicated 232.9 0.76 0.06 not quoted 1,759,600 141,200 Inferred 530.5 0.68
Slide 27: Reserve Comparison
Reserve Comparison RESERVES - AUSTRALIAN BULK TONNAGE NICKEL Ardea1 Kalgoorlie Nickel Project, WA Nickel Laterite Classification Mt % Ni % Co ppm Sc tonne Ni tonne Co tonne Sc Proved 9.0 0.96 0.10 not quoted 85,920 8,950 Probable 31.18 0.78 0.09 not quoted 243,538 28,062 Total 40.1 0.82 0.09 not quo
Slide 28: Big Four Gold Resource
Big Four Gold Resource Big Four Gold, (JORC 2012) Mineral Resource (14 May 2020) Cut-off Grade Tonnes Contained gold (oz) Au g/t Au g/t ≥ 0.00 194,000 2.5 15,400 ≥ 0.50 178,000 2.7 15,300 Inferred Resource ≥ 1.00 151,000 3.0 14,600 ≥ 1.5 118,000 3.5 13,300 ≥ 2.00 92,000 4.0 11,800 Inferred resource