Ardea Resources Ltd. · ASX:ARL
Ardea Resources — ShareCafe Small Cap Hidden Gems Webinar (May 2020)
25 slides from Ardea Resources's conference presentation, May 22, 2020
Slide 1: Investor Webinar Presentation
Investor Webinar Presentation ASX & Media Release 22 May 2020 Ardea Resources Limited (ASX: ARL, Ardea or the Company) is pleased to ASX Symbol announce its participation in the ShareCafe Small Cap “Hidden Gems” Webinar to ARL be held on Friday 22 April 2020 from 2:30pm AEST / 12.30pm AWST. Managing
Slide 2: About Ardea Resources
About Ardea Resources Ardea Resources (ASX:ARL) is an ASX-listed resources company, with a large portfolio of 100% controlled West Australian-based projects, focussed on: • Development of the Goongarrie Nickel Cobalt Project, which is part of the Kalgoorlie Nickel Project, a globally significant ser
Slide 3: Investor Presentation, 22 May 2020
Investor Presentation, 22 May 2020 The faceted multi- coloured jewels Presented by Andrew Penkethman represent the rich heart of WA and its diverse character in terms of landscape, minerals, and where Ardea projects are focused
Slide 4: 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 5: Ardea is a well funded Western Australian-focused developer and explorer with a clear strategy
Ardea is a well funded Western Australian-focused developer and explorer with a clear strategy The Kalgoorlie Nickel Project (KNP) is the Developed World’s premier nickel-cobalt project, and includes the Goongarrie Nickel Cobalt Project (GNCP) as starter operation Globally significant mineral reso
Slide 6: Prime Location and World Class Jurisdiction
Prime Location and World Class Jurisdiction All Ardea Projects located in Western Australia (WA) WA is the prime world destination for development of multi-decade minerals operations WA safety, health and environmental standards are world’s best practice WA holds the top ranking in the Frase
Slide 7: The Kalgoorlie Nickel Project
The Kalgoorlie Nickel Project Kalgoorlie Nickel Project (KNP) has a globally significant nickel and cobalt resource of 773Mt at 0.7% Ni and 0.05% Co* 5.6 million tonnes contained Nickel 405,000 tonnes contained Cobalt The Goongarrie Nickel Cobalt Project (GNCP) is part of the broader KNP, wi
Slide 8: Kalgoorlie Nickel Project – Ni, Co and Au
Kalgoorlie Nickel Project – Ni, Co and Au (looking south – with GNCP in the foreground. Note the scale and location) GNCP drill core showing goethite, which is the dominant host rock containing the BTZ gold controlling nickel and cobalt mineralisation and structures also the premium plant feed for t
Slide 9: Exploration Upside
Exploration Upside >5,100km2 of 100% controlled tenure in one of Australia’s premier gold and nickel sulphide provinces Extensive tenure position provides multiple strategic options Also, undertaking nickel sulphide and gold exploration with major focus within and adjacent to Kalgoorlie Nickel
Slide 10: Bardoc Tectonic Zone (BTZ)
Bardoc Tectonic Zone (BTZ) One of the major gold-bearing structures of the WA Goldfields runs through the GNCP ~350 km long gold-producing regional shear / fault system (~65km controlled by Ardea) Hosts multiple historic gold mining centres Contiguous with Boulder-Lefroy Fault (hosts Kalgoor
Slide 11: GNCP in perspective with other WA Gold Camps
GNCP in perspective with other WA Gold Camps GNCP Assuming that the GNCP is a gold St Ives camp, it is 25km long and is: Around the length of the St Ives gold camp (>10Mozs) More than twice the length of the Kundana gold camp (>10Mozs) In contrast to all of these, there is almost nil outcrop
Slide 12: Big Four Gold
Big Four Gold Big Four Gold located 70km north of Kalgoorlie on a granted GNCP mining lease. Ardea drilling commenced January 2020 (ASX release 26 February 2020) with results including: 18m at 3.38g/t gold from 18m 14m at 2.40g/t gold from 6m 20m at 2.91g/t gold from 76m Maiden JORC Code
Slide 13: GNCP Gold Target Generation
GNCP Gold Target Generation Ardea need to determine extent of gold mineralisation at GNCP to be able to locate infrastructure for project development Detailed interpretation continuing Through “data mining” the Ardea exploration team are completing quality cost effective work, including: Dig
Slide 14: Ardea Difference to Target Generation
Ardea Difference to Target Generation DMIRS Geology (2018) Ardea’s Geology (2020) High quality public domain Ardea use the DMIRS regional interpretation Geology to advance their (1:100k scale) projects, supplemented by Used as a basis for Ardea’s additional high-resolution more detailed interp
Slide 15: Ongoing Gold Exploration
Ongoing Gold Exploration This photo shows 24m of transported overburden (dark red sand and lake clays right hand side) overlying 70m of deeply weathered saprolitic clays (light pink and yellow piles mid photo), with mafic saprock (green grey piles at the bottom of hole left hand side) Geophysics
Slide 16: Investment Summary
Investment Summary GNCP and broader KNP offers unrivalled nickel and cobalt scale optionality, 5.6Mt of nickel and 405kt of cobalt* held by a well-funded junior with $9.2M cash to fund ongoing studies and market cap of only A$28.7M Globally significant mineral resource in an infrastructure rich and
Slide 17: APPENDICES
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 diverse character in terms of landscape, minerals, and where Ardea projects are focused
Slide 18: Corporate Snapshot
Corporate Snapshot Board and Executive Management Team Katina Law Actively involved in the mining industry for over 25 years in corporate and site Non-Executive Chair based roles across several continents, including senior positions at Newmont Mining and LionOre. Non-Executive Chair of Yandal Resour
Slide 19: 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 1.0Mtpa base case PFS – low CAPEX start-up with robust project
Slide 20: 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 1.0Mtpa 1.5Mtpa 2.25Mtpa over a 25-year mine life completed Status PFS PFS ES Expansion study of 2.25Mtpa with a 25-year mine life complete
Slide 21: KNP Resource Breakdown
KNP Resource Breakdown KNP nickel-cobalt mineral resource (JORC 2012) 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 5,458
Slide 22: Goongarrie Nickel Cobalt Project Resources
Goongarrie Nickel Cobalt Project Resources Summary of total mineral Nickel Cobalt Project area, comprising resources at Goongarrie Hill, Goongarrie South, resources within the Goongarrie Big Four, and Scotia Dam (14 March 2018). Camp Domains Cut-off Resource Size Nickel Cobalt Contained metal % cate
Slide 23: 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 Using a nickel equivalent cut of >0.81%, Deposits Class (Mt) (%) (%) which used inputs of A$18,900/t nickel and Goongarrie South Proven 8.9
Slide 24: Our Flagship Goongarrie Nickel - Cobalt Project
Our Flagship Goongarrie Nickel - Cobalt Project Goongarrie JORC Resource 215.6 Mt at 0.71% nickel and 0.06% Ardea tenure in cobalt red Reserves optimised for 25 year mine life only, less than 20% of Goongarrie resource utilised at this scale (40.1 Mt at 0.82% Nickel & 0.09% Cobalt*) Ni >0.5% grade s
Slide 25: Big Four Gold Resource
Big Four Gold Resource Big Four Gold, (JORC 2012) Mineral Resource (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 Inferred resource
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