Ardea Resources Ltd. · ASX:ARL
Ardea Resources — Australian Nickel Conference (October 2020)
29 slides from Ardea Resources's conference presentation, October 2020
Slide 1: Nickel Sulphide Discovery Update
the Kalgoorlie Nickel Project starting with Goongarrie Nickel-Cobalt for Gold and Nickel Sulphides within the Kalgoorlie Nickel Project NICKEL SULPHIDE DISCOVERY UPDATE The faceted multi- coloured jewels October 2020 represent the rich heart of WA and its diverse character in terms of landscape, min
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 Six Point Summary (focused on nickel)
Ardea Six Point Summary (focused on nickel) 1 Flagship asset is a 100% interest in the Kalgoorlie Nickel Project (KNP), the premier nickel-cobalt resource in the developed world More than 4,000km2 of 100% controlled mineral tenements located exclusively in Western Australia which 2 are highly prospe
Slide 4: Corporate Snapshot
Corporate Snapshot Board and Executive Management Team Capital Structure, as at 5 October 2020 Mathew Longworth 33 years experience across exploration, project evaluation/development, Shares on Issue 124,747,246 Non-Executive Chair operations and corporate management. Invaluable experience on the ke
Slide 5: Regional Location – Nickel Sulphide Projects
Regional Location – Nickel Sulphide Projects Ardea’s KNP tenure holds extensive nickel laterite resources The same ground is highly prospective for nickel sulphide mineralisation Archaean Eastern Goldfields Province – prolific ultramafic flows hosting numerous nickel sulphide deposits Centre
Slide 6: Kalgoorlie Nickel Project – Ni, Co and Au
Kalgoorlie Nickel Project – Ni, Co and Au (looking southeast – with GNCP in the foreground. Note the scale and location) Nickel Sulphide Ardea KNP tenements Targets shown in red 70km N of Kalgoorlie Most resources on granted mining leases Leverage off existing infrastructure 6
Slide 7: Emu Lake Project – Detailed Magnetics
Emu Lake Project – Detailed Magnetics 30km east of Black Swan nickel mine and processing plant (Poseidon Nickel Ltd) Strategic ground holding covering 240km2 Magnetic imagery clearly distinguishes the eastern and western ultramafic belts: Eastern belt is host to the Kalpini nickel laterite r
Slide 8: Emu Lake Project – High Grade
Emu Lake Project – High Grade na – not assayed 8
Slide 9: Emu Lake Project – Binti Gossan Zone
Emu Lake Project – Binti Gossan Zone Comprehensive data sets inherited from past exploration: Detailed geology Surface and downhole EM surveys Detailed magnetic surveys Drilling database Drilling to date has been focussed on the Binti Gossan zone with little drilling elsewhere Detailed
Slide 10: Emu Lake Project – Binti Gossan Zone LS
Emu Lake Project – Binti Gossan Zone LS PLANNED DRILL HOLES 10
Slide 11: Emu Lake Project – Binti Gossan Zone Potential
Emu Lake Project – Binti Gossan Zone Potential Review of DHEM data by Newexco has highlighted two ASX:ARL off-hole conductors Emu Lake ELD047: 120m x 150m plate Ni Sulphide with 1000S conductance 500m ELD046: 150m x 80m plate Open 200m with 2000S conductance Down hole DHEM Superimposed Plates
Slide 12: Emu Lake Project – Cross Section
Emu Lake Project – Cross Section Cross section showing ELD047 DHEM off-hole conductor – drill target Central ultramafic package has two key mineralised contacts – possibly a thrust repetition DHEM plate model below ELD047 aligns with western contact which is generally poorly drilled Proposed
Slide 13: Emu Lake Project – Priority Follow-Up Areas
Emu Lake Project – Priority Follow-Up Areas Recent review of all available data by Newexco has prioritised eight areas for follow-up exploration Highest priority area is below Binti Gossans and then along strike on western ultramafic Eastern ultramafic (nickel laterite resource area) has highl
Slide 14: Ghost Rocks Project – Nickel/Copper Project
Ghost Rocks Project – Nickel/Copper Project 140km north of Kalgoorlie Package of Archaean mafic and ultramafic rocks within a broader suite of mafic and metasedimentary greenstone units Several copper and copper/nickel gossans identified and mapped in the early 1970s Shallow drilling returne
Slide 15: Highway Project
Highway Project 110km north of Kalgoorlie Magmatic nickel sulphides identified in RC drilling near basal contact of thickened portion of the Walter Williams Formation Pentlandite and other Ni sulphides forming on grain boundaries with magmatic lithogeochemistry 2009 surface EM survey produce
Slide 16: Black Range Project
Black Range Project 65km north-west of Kalgoorlie Ora Banda Sill: differentiated mafic – ultramafic layered intrusion Elevated Ni, Cu and PGE identified in the laterite profile 2001 MLEM survey identified a number of anomalies that warrant follow-up Black Range tenements on Strong Cu and P
Slide 17: Bedonia – Targets for Ni-Cu-PGE, Au, Energy
Bedonia – Targets for Ni-Cu-PGE, Au, Energy Nickel-Copper, PGE Ardea Resources tenement holding (maroon) detailing mineral prospects and 1:100,000 basement geology interpretation Mordicus Prospect – thickening of Jimberlana Dyke with anomalous Ni (to 2352ppm) and PGE (to 586ppm Pd) in rock chips
Slide 18: Bedonia Project – Mordicus Prospect
Bedonia Project – Mordicus Prospect Thickening of the Jimberlana dyke with differentiation to units of norite and pyroxenite within the dolerite Reconnaissance surface rock chip samples returned up to 586ppb Pd, 115ppb Pt and 2352ppm Ni Airborne EM (AEM) (Spectrum) anomaly from 2011 Tested f
Slide 19: The Kalgoorlie Nickel Project
The Kalgoorlie Nickel Project Kalgoorlie Nickel Project (KNP) has a globally significant nickel and cobalt resource Resource: 773Mt at 0.7% Ni and 0.05% Co* 5.5 Million tonnes contained Nickel 405,000 tonnes contained Cobalt The Goongarrie Nickel Cobalt Project (GNCP) is the western part o
Slide 20: Investment Highlights
Investment Highlights KNP offers unrivalled nickel and cobalt scale optionality, in-ground 5.5Mt of nickel and 405kt of cobalt Globally significant nickel-cobalt resource in an infrastructure-rich and stable jurisdiction, provides ability to increase production from multiple processing hubs for the
Slide 21: 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 21
Slide 22: 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 23: Optimum Location and Jurisdiction
Optimum Location and Jurisdiction 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 Attractivenes
Slide 24: KNP - Optimum Resource Scale and Location
KNP - 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
Slide 25: Goongarrie Nickel Cobalt Project
Goongarrie Nickel Cobalt Project The GNCP is part of the largest Nickel Cobalt Resource in the developed world^ +20km Goongarrie Nickel Cobalt Project, part of the KNP Potential multi-decade producer of high-quality nickel and cobalt products 1.0Mtpa base case PFS – low CAPEX start-up with robus
Slide 26: 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 27: 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 28: Goongarrie Nickel Cobalt Project Resources
Goongarrie Nickel Cobalt Project Resources Summary of total mineral resource from the Goongarrie Nickel Cobalt Project area, comprising resources at Goongarrie Hill, Goongarrie South, Big Four and Scotia Dam (ASX release 14 March 2018). Camp Domains Cut-off Resource Size Nickel Cobalt Contained meta
Slide 29: 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) (%) (%) Using a nickel equivalent cut of >0.81%, which used Goongarrie South Proven 8.95 0.96% 0.10% inputs of A$18,900
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