Ardea Resources Ltd. · ASX:ARL
Ardea Resources — RIU Explorers Conference 2021
25 slides from Ardea Resources's conference presentation, February 2021
Slide 1: RIU Explorers Conference
RIU EXPLORERS CONFERENCE February 2021 Globally significant Nickel, Cobalt and Scandium resource, Critical Minerals, nickel sulphides and gold from the Kalgoorlie Nickel Project
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 Value Proposition
Ardea Value Proposition Globally significant Nickel, Cobalt and Scandium resource and Critical Minerals Essential for new age technologies to meet the needs of modern society which demand ethical and sustainable mineral supply for a low carbon future Ardea perfectly placed to meet these needs
Slide 4: Corporate Summary
Corporate Summary Capital Structure, as at 15 February 2021 ASX Code ARL Shares on Issue 127,670,582 Share Price $0.61 52 week high / low $0.63 / $0.17 Cash (as at 31 Dec 2020) $10.9 million Market Capitalisation $78 million Largest Shareholder ~10% equity Top 40 Shareholders ~60% equity Board and E
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: Ardea with its flagship KNP and subset GNCP Ni-Co-Sc resource
Ardea with its flagship KNP and subset GNCP Ni-Co-Sc resource, is poised for ethical and sustainable supply of Critical Minerals for a low carbon future Ardea pilot plant nickel sulphate crystal production, September 2018 6
Slide 7: Nickel and the Inevitable Rise in Demand
Nickel and the Inevitable Rise in Demand Total primary nickel demand by first-use sector, 2020 to 2040 (kt Ni) 7
Slide 8: The Kalgoorlie Nickel Project
The Kalgoorlie Nickel Project Kalgoorlie Nickel Project (KNP) Mineral Resource 826Mt at 0.7% Ni and 0.046% Co* 5.8 Million tonnes contained Nickel 384,000 tonnes contained Cobalt Goongarrie Nickel Cobalt Project (GNCP) Mineral Resource 259Mt at 0.7% Ni and 0.046% Co* and a maiden scandium component
Slide 9: Optimum Resource Scale
Optimum Resource Scale GNCP resource update based on high grade mining strategy (>1% nickel) With 5.8Mt contained nickel, easily accommodated within the KNP starting with the GNCP Capability for >100 year potential supply of Ni, Co, Sc resource KNP well suited for latest battery technology,
Slide 10: Regional Location – Nickel Sulphide Projects
Regional Location – Nickel Sulphide Projects Highly prospective for nickel sulphide mineralisation Ardea’s KNP tenure is one of the largest land holdings over ultramafic stratigraphy in Australia Archaean Eastern Goldfields Province – prolific ultramafic flows hosting numerous nickel sulphide
Slide 11: Emu Lake Project – Binti Nickel Sulphide
Emu Lake Project – Binti Nickel Sulphide Review of historic data has highlighted high-grade nickel sulphide and a number of DHEM ASX:ARL off-hole conductors Emu Lake Priority target drill tested in Ni Sulphide December 2020 (AELD0001) and 500m intersected a 0.65m stringer of Open remobilised nic
Slide 12: Emu Lake Project – Binti Gossan Zone LS
Emu Lake Project – Binti Gossan Zone LS looking west 12
Slide 13: Black Range Project
Black Range Project 65km north-west of Kalgoorlie on a granted mining lease Strongly anomalous Ni, Cu and PGEs within the regolith profile from historic nickel laterite drilling Within the differentiated Ora Banda Sill close to the contact between the lower ultramafic zone and the upper mafic-
Slide 14: Regional Gold Projects
Regional Gold Projects Aim: To use the area’s exceptional gold potential to maximise return to shareholders Vision: Parallel development of the GNCP nickel-cobalt mines and a series of gold mines within Ardea’s extensive mining licences 14
Slide 15: An emerging gold camp at Goongarrie South
An emerging gold camp at Goongarrie South Detailed reappraisal of Ardea’s Nickel-Cobalt mining leases for gold The regional-scale Bardoc Tectonic Zone is host to numerous major gold deposits and passes beneath GNCP tenure and nickel deposits New discoveries through reassessment of public and p
Slide 16: New discoveries from active programs
New discoveries from active programs Ardea’s gold discoveries and resources are all on GNCP mining tenure 1. Lily Albany – virgin discovery under cover, drilling ongoing AARN0001 – 6m at 3.60g/t Au (from 44m) and 8m at 4.94g/t Au (from 172m), AANR0008 – 10m at 3.55g/t Au (from 40m) Supergene and
Slide 17: Investment Summary
Investment Summary Ardea’s KNP = unrivalled nickel, cobalt and scandium scale optionality (5.8Mt of nickel and 384kt of cobalt) Globally significant nickel-cobalt-scandium resource in an infrastructure-rich and stable jurisdiction, provides ability to produce ethical and sustainable minerals from mu
Slide 18: Thank you
Thank you For further information please visit: www.ardearesources.com.au or contact: Andrew Penkethman, Managing Director & CEO P: +61 8 6244 5136 E: ardea@ardearesources.com.au 18
Slide 19: APPENDICES
For further information regarding Ardea, please visit www.ardearesources.com.au APPENDICES
Slide 20: Optimum location for ensuring ethical and sustainable mineral supply
Optimum location for ensuring ethical and sustainable mineral supply Large contiguous KNP/GNCP 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
Slide 21: A High-Quality Nickel and Cobalt Project
A High-Quality Nickel and Cobalt Project Outstanding results delivered from PFS* and Expansion Studies: PFS of 1Mtpa and 1.5Mtpa base case over a 25-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 1
Slide 22: KNP Resource Breakdown
KNP Resource Breakdown Kalgoorlie Nickel Project nickel-cobalt JORC Code (2012) Mineral Resource (ASX release 15 February 2021). 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 339 0.72 0.048 2,446 163 Inferred
Slide 23: Goongarrie Nickel Cobalt Resources
Goongarrie Nickel Cobalt Resources Summary of Mineral Resource from the Goongarrie Nickel Cobalt Project area, based on a 0.8% Ni cut-off grade, comprising resources at Goongarrie Hill, Goongarrie South, Big Four and Scotia Dam (ASX release 15 February 2021). Resource Tonnes Ni Co Contained Metal Sc
Slide 24: Goongarrie Nickel Cobalt Resources
Goongarrie Nickel Cobalt Resources Summary of total Mineral Resource from the Goongarrie Nickel Cobalt Project area, based on a 0.5% Ni cut-off grade, comprising resources at Goongarrie Hill, Goongarrie South, Big Four and Scotia Dam (ASX release 15 February 2021). Resource Tonnes Ni Co Contained Me
Slide 25: Big Four Gold Resource
Big Four Gold Resource Big Four Gold, (JORC 2012) Mineral Resource (ASX release 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 Inferr