Ardea Resources Ltd. · ASX:ARL
Ardea Resources — Australian Nickel Conference 2018
11 slides from Ardea Resources's conference presentation, Oct 23, 2018
Slide 1: Ardea Resources
Ardea Resources World-significant Australian cobalt and nickel for the battery industry Presentation to the Australian Nickel Conference - 23rd October 2018 www.ardearesources.com.au 1A r d e a R e s o u r c e s L i m i t e d Suite 2, 45 Ord St, West Perth WA 6005, AUSTRALIA +61 8 6244 5136
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 Company's prospectus dated 9 November 2016 (including supplementary prospectuses dated 18 November 2016 and 6 January 2017), the
Slide 3: The Fundamentals of Ardea
The Fundamentals of Ardea • The Goongarrie Nickel Cobalt Project is part of the broader Kalgoorlie Nickel Project (KNP) - multi decade resource • KNP is the largest cobalt resource in Australia* • Potential for multiple processing hubs • Proximity to world-class infrastructure and logistics - prime
Slide 4: Corporate Snapshot
Corporate Snapshot Experienced management team with global experience in corporate fundraising, Capital Structure processing and engineering for laterite nickel-cobalt deposits, laterite geology and Shares on Issue 104,990,413 geometallurgy, ensures the right mix to make Goongarrie succeed Share Pri
Slide 5: Ardea Project Portfolio
Ardea Project Portfolio Porphyry & Epithermal Nickel-Cobalt Laterites, WA Copper-Gold Projects, NSW Goongarrie Nickel Cobalt Project Lachlan Fold Belt, NSW is Other deposits also under assessment: Australia’s premier address for Black Range, Kalpini, Yerilla, Boyce Creek, porphyry and epithermal WES
Slide 6: Developing Goongarrie into the Next Successful Mining Operation
Developing Goongarrie into the Next Successful Mining Operation Sumitomo at Coral Bay has paved the way and set out an effective and successful HPAL project process to develop and deliver a profitable long-life project Ore type is consistent with only goethite present, with high levels of cobalt
Slide 7: Goongarrie - A High-Quality Cobalt and Nickel Sulphate Project
Goongarrie - A High-Quality Cobalt and Nickel Sulphate Project 1.0Mtpa 1.5Mtpa 2.25Mtpa Outstanding results delivered from PFS* and Expansion Studies+ Status PFS PFS ES • PFS 1.0Mtpa base case over a 25-year mine life No. Trains 1 1 1 US$ 1.13 US$ 1.52 US$ 2.4 • ES 2.25Mtpa with a 25-year mine life
Slide 8: Metallurgical Test-Work Progress
Metallurgical Test-Work Progress Building on the $50 Million already spent by Vale and Heron on 2005-2009 PFS Rheology and Variability • A number of successful leach tests already completed • Extensive variability program planned to extend the the geo- metallurgy database to reflect the ore LOM • Wa
Slide 9: Advancing Goongarrie Towards Production
Advancing Goongarrie Towards Production Key Milestones Resource drilling at Goongarrie completed – 26,528m of RC drilling completed by Ardea, 115,384m by Vale and Heron Pilot Plant and production of nickel and cobalt sulphate completed • Strategic Partner Process – Q4 2018 • Goongarrie Resource
Slide 10: Investment Summary
Investment Summary Advanced Australian nickel and cobalt project at Goongarrie – 141,912 m of RC drilling completed, plus diamond and sonic drilling for bulk metallurgy samples – The Goongarrie Mineral Resource contains 1.5 million tonnes of nickel and 130,700 tonnes of cobalt Prefeasibility Stu
Slide 11: ASX : ARL www.ardearesources.com.au
ASX : ARL www.ardearesources.com.au Suite 2, 45 Ord St, West Perth WA 6005, AUSTRALIA +61 8 6244 5136 11 Email us at ardea@ardearesources.com.au