Ardea Resources Ltd. · ASX:ARL
Ardea Resources — Shareholder Meeting (November 2021)
26 slides from Ardea Resources's shareholder meeting presentation, Nov 29, 2021
Slide 1: Annual General Meeting – Ardea Resources Kalgoorlie Nickel Project
A globally significant source of nickel-cobalt and scandium in Western Australia Annual General Meeting 29 November 2021 Ardea Resources Limited Kalgoorlie Nickel Project Globally significant sustainable and ethical Critical Minerals
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: Developing KNP – Australia's next major Ni-Co project
Developing KNP – Australia’s next major Ni-Co project Kalgoorlie Nickel Project (KNP) Without nickel laterites there can be no battery revolution Ardea can supply the battery revolution with essential nickel-cobalt from its globally significant resource using proven technology 3
Slide 4: EV Battery Pack Raw Material Demand
EV Battery Pack Raw Material Demand There is ~40kg of Nickel^ Powering the typical NCM811 Electric Vehicle (EV) There is 5.9Mt contained Nickel in the KNP* This is enough for >147,000,000 EVs ^ 12/07/2021 UBS – Battery Material Value Chain * See Appendix for resource breakdown and ASX release 16 Jun
Slide 5: Why Nickel Laterites now?
Why Nickel Laterites now? Increase in nickel Nickel Supply Nickel Laterite demand concerns to fill the gap • The battery revolution forecasts • Limited Nickel Sulphide (NiS) • Ni Laterite resources need to a 10x increase in nickel demand discoveries and long lead times be developed to meet the gap b
Slide 6: 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 A KNP is required eve
Slide 7: Nickel Laterite development essential for supply
Nickel Laterite development essential for supply Global Why Western Why Ardea Developments Australia (WA) • Multiple companies, such as, • WA is the premier global • Globally significant nickel-cobalt Vale3 and Eramet4 developing destination for development resource located in WA HPAL projects in In
Slide 8: Strong ESG – Environment, Social and Governance
Strong ESG – Environment, Social and Governance Environmentally Socially Minded Strong Governance Responsible Socially Minded Strong Governance • Project designs and work • Ardea has strong support from the • Ardea’s values are based on practices based on ensuring the communities in which we operate
Slide 9: World's best operating jurisdiction
World’s best operating jurisdiction • All Ardea Projects located in Western Australia (WA) • >3,300km2 ground position in Eastern Goldfields • City of Kalgoorlie-Boulder is the prime resource development and operating destination within WA Very strong mining support from Local Government and Commu
Slide 10: 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 11: 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 12: KNP: Sustainable and Ethical Nickel Production
KNP: Sustainable and Ethical Nickel Production Off Grid & Low Carbon Footprint KNP Acid plant – Steam Power Block Flow Diagram • DFS development plan, to include both a High Pressure Acid Leach (HPAL) and an Atmospheric • Heat generated from on-site acid plant will be used for generating electrical
Slide 13: 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 14: Experienced team working with quality partners
Experienced team working with quality partners Feasibility Study Gap Analysis Study and DFS Underway – Wood consulting, international engineering group and in-house experts Goongarrie Hub Hydrogeology Drilling completed – Rockwater & Harrington Goongarrie Hub Metallurgical Drilling completed –
Slide 15: KNP Development Plan
KNP Development Plan Recent Developments Pathway to Production Industry leading HPAL and AL practitioner, Mike Miller (previously technical management at the operating Ravensthorpe HPAL operation) is leading the KNP Item 2021 2022 2023 2024 2025 Feasibility Study team KNP Feasibility Ardea’s cur
Slide 16: Investment Summary
Investment Summary Ardea’s KNP offers unrivalled nickel, cobalt and scandium There is 5.9Mt 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 sustainable and ethical mineral sup
Slide 17: For further information
For further information Andrew Penkethman, Managing Director & CEO +61 8 6244 5136 ardea@ardearesources.com.au ardearesources.com.au 17
Slide 18: 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 19: 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 Scandium resource and other Critical Minerals Andrew Penkethman Managing Director & CEO Development of KNP Laterites
Slide 20: 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 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 2018 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
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
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
Slide 26: Source Documents
Source Documents Data sources for information appearing on slides 5 and 7. 1. Accenture report commissioned by the Future Battery Industries CRC, 2021. 2. 12/07/2021 UBS – Battery Material Value Chain 3. Vale - https://news.metal.com/newscontent/100953015/vale-plans-to-invest-us-5-billion-to-build-a
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