Ardea Resources Ltd. · ASX:ARL
Ardea Resources — Noosa Mining & Exploration Investor Conference 2021
26 slides from Ardea Resources's conference presentation, Jul 15, 2021
Slide 1: Ardea Resources Limited – Corporate Presentation
A globally significant source of nickel-cobalt and scandium in Western Australia Noosa Mining & Exploration Investor Conference 15 July 2021, 9.00am AEST Ardea Resources Limited – Corporate Presentation A Responsible, Sustainable and Ethical Source of Nickel and Critical Minerals from the Kalgoorlie
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: Experienced Board and Key Personnel
Experienced 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 years experience across exploration,
Slide 5: Prime Location and Jurisdiction
Prime Location and 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 destinat
Slide 6: Kalgoorlie Nickel Project (KNP)
Kalgoorlie Nickel Project (KNP) 6
Slide 7: Kalgoorlie Nickel Project
Kalgoorlie Nickel Project 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 • The Kalgoorlie Ni
Slide 8: Kalgoorlie Nickel Project
Kalgoorlie Nickel Project Goongarrie Hub - Premium goethite ore type (less abrasive, lower maintenance) End product specification will cater to our customer needs Ni:Co:Mn ratio well suited to NCM811 battery technology Process Metallurgy Flow sheet uses all “off-the-shelf”, well understood &
Slide 9: Ardea’s Kalgoorlie Nickel Project
Ardea’s Kalgoorlie Nickel Project Why HPAL Quality Project Partners Feasibility Study Scale and dependability to track and trace a reliable and consistent source of nickel and cobalt without risk of geo- Gap Analysis Study Underway - Wood, international engineering political, environmental / cli
Slide 10: 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 11: Ardea Resources Activity Timeline
Ardea Resources Activity Timeline Ardea is a Company with a clear strategy that meets objectives The right balance of experienced Board and Key Management working with quality service providers Strong reporting and communication to regulators and stakeholders 2017 2018 2019 2020 2021 Current Q
Slide 12: ESG Credentials Environmental Social and Governance
ESG Credentials Environmental Social and Governance • ESG considerations are at the forefront of the way in which Ardea does business and assesses societal impact • All project designs and work practices are predicated on ensuring the Company minimises green-house gas emission to ensure responsible
Slide 13: Optimum Location - sustainable & ethical mineral supply
Optimum Location - sustainable & ethical mineral supply • Large contiguous KNP land holding allows unimpeded site planning to minimise ultimate site footprint • Open Mediterranean woodland highly amenable to low-impact development and rehabilitation • Arid environment, facilitates well managed taili
Slide 14: 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 15: Nickel Sulphide and Gold
Nickel Sulphide and Gold 15
Slide 16: Exploration Upside
Exploration Upside Ardea’s Kalgoorlie Nickel Project tenure is highly prospective for nickel sulphide, Critical Minerals and gold • Ardea’s strategic KNP tenure is one of the largest land holdings : In the Eastern Goldfields of Western Australia Over ultramafic stratigraphy in Australia • Mult
Slide 17: Emu Lake Project Nickel Sulphide
Ardea control 20km of prospective stratigraphy Emu Lake Project Nickel Sulphide Recent discovery and new targets open-up new search space Emu Lake Nickel Project Longitudinal Projection Looking West • 70km north-east of Kalgoorlie on a granted mining lease • Drilling of the strong DHEM conductor
Slide 18: Gold Spin-Out
Gold Spin-Out Allows total focus on Kalgoorlie Nickel Project ARL shareholders benefit through in-specie share distribution, at nil cost • Spin-out of non core projects and gold-rights into Kalgoorlie Gold Mining (KalGold), so that Ardea can focus on flag-ship battery minerals KNP • Quality port
Slide 19: 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, provides ability to Ni Co Sc Mn produce sustainable and ethica
Slide 20: ardearesources.com.au
For further information please visit: ardearesources.com.au or contact: Andrew Penkethman, Managing Director & CEO P: +61 8 6244 5136 E: ardea@ardearesources.com.au 20
Slide 21: 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 22: Ardea’s KNP - Why
Ardea’s KNP - Why Ardea’s Kalgoorlie Nickel Project (KNP) Taking lessons from the experience of others (good & bad) Kalgoorlie Nickel Project Project Issues Experienced • Integration of mine & process begins before piloting • Allow for catchup capacity at Ore Preparation Large strategic resource
Slide 23: 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 24: 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 25: 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 26: 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
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