Ardea Resources Ltd. · ASX:ARL
Ardea Resources — Noosa Mining Investor Conference 2022
27 slides from Ardea Resources's conference presentation, Jul 21, 2022
Slide 1: Corporate Presentation – Noosa Mining Investor Conference
Corporate Presentation – Noosa Mining Investor Conference 9:30am AEST, 22 July 2022 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: Kalgoorlie Nickel Project Highlights
Kalgoorlie Nickel Project Highlights World Class Premier location 100% Ardea Proven flowsheet Advancing Kalgoorlie Nickel For jurisdiction, infrastructure and technical expertise High level of confidence and control behind resource MHP production with industry leading low carbon emissions KNP gains
Slide 4: Ardea Resources Corporate Overview
Ardea Resources Corporate Overview Board Executive Management Team Mathew Longworth Non-Executive Chair Sam Middlemas Company Secretary Andrew Penkethman Managing Director & CEO Rebecca Moylan CFO Ian Buchhorn Executive Director Matthew McCarthy GM - Exploration Alex Mukherji GM - Land Access & Comp
Slide 5: Nickel use, rapidly growing demand and declining stockpiles
Nickel use, rapidly growing demand and declining stockpiles 5
Slide 6: Lithium-ion battery sector leads nickel demand growth
Lithium-ion battery sector leads nickel demand growth Lithium-ion battery supply chain • China dominates the lithium-ion battery (LIB) supply chain through long term strategic planning • The rest of the world is rapidly trying to catch up • Billions of dollars are being invested in LIB plants, but w
Slide 7: World’s best operating jurisdiction
World’s best operating jurisdiction • All Projects located in Western Australia (WA) • >3,400km2 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 Community
Slide 8: KNP Recognised as a Globally Significant Resource
KNP Recognised as a Globally Significant Resource • Kalgoorlie Nickel Project (KNP) tops the table in recent Geological Survey of Western Australia publication February 2022 • KNP is the largest nickel-cobalt resource in Australia and one of the largest in the world • All Goongarrie Hub resources lo
Slide 9: Globally Significant Resource 78Mt at 1.0% Ni and 0.069% Co
Globally Significant Resource Globally significant Mineral Resource 5.9Mt contained nickel & 348kt contained cobalt 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
Slide 10: 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 11: Proven technology
Proven technology Coral Bay HPAL Example Ramp up rates HPAL chemistry is well known and has been applied Horizontal autoclave at Coral Bay built Train 1: 2005, Train 2: 2008 successfully since the 1960s At Coral Bay name plate production capacity exceeded in first year of production Single r
Slide 12: KNP Development Plan
KNP Development Plan Experienced team working with quality partners Indicative Pathway to Production Completion of DFS linked to Strategic Partner process, so that partner can have input into project scale and end product specification Previous $35M Vale Inco PFS has already addressed multiple F
Slide 13: Optimum Location - sustainable and ethical mineral supply
Optimum Location - sustainable and ethical mineral supply • Large contiguous KNP 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 well managed tai
Slide 14: KNP sustainable and ethical production
KNP sustainable and ethical production 14
Slide 15: Tailings Storage in pit disposal and progressive rehabilitation
Tailings Storage in pit disposal and progressive rehabilitation Local neutraliser & imported lime for tailings neutralisation Neutralised tailings aggregate pumped into exhausted open pit void Waste material from previous mining can be blended in Return to natural land surface and vegetation of the
Slide 16: Nickel Sulphide Upside
Nickel Sulphide Upside Nickel Sulphide discovery at Emu Lake 70km north-east of Kalgoorlie on a granted mining lease within KNP Kalpini Hub. Exploration at Binti South Prospect confirms high-grade massive nickel-copper-PGE sulphide discovery on the Western Ultramafic (WU): AELD0003: 2.72m at 5
Slide 17: Emu Lake Nickel Sulphide Discovery
Emu Lake Nickel Sulphide Discovery Geological model confirmed Extensive exploration underway, including: • Drilling and DHEM and interpretation of results for – Binti South Prospect – Binti Gossan Prospect • 3D geological model to locate where the Western Ultramafic is untested • Developing technica
Slide 18: Why invest in Ardea
Why invest in Ardea - The fundamentals are compelling… Market strength Premier location Nickel resource Proven flowsheet Successful local team KNP to fill gap between For leading ESG standards, 5.9Mt contained nickel, Desirable MHP production All Board members have lived growing nickel demand jurisd
Slide 19: For further information
For further information Andrew Penkethman, Managing Director & CEO +61 8 6244 5136 ardea@ardearesources.com.au ardearesources.com.au 19
Slide 20: Appendices
Appendices Ardea Resources Limited - Kalgoorlie Nickel Project Globally significant sustainable and ethical Critical Minerals
Slide 21: Strong ESG – Environment, Social and Governance
Strong ESG – Environment, Social and Governance Ethically Sustainable Socially Minded Strong Governance • Project designs and work • Strong support from the • Values are based on respect, practices based on ensuring the communities in which we operate integrity, empathy, inclusion and Company minimi
Slide 22: Experienced team working with quality partners
Experienced team working with quality partners Board and Executive Management Personnel Balanced financial and corporate experience, strong technical expertise in exploration, discovery, project development, metallurgical optimisation, compliance and operational management Mathew Longworth Non-Exe
Slide 23: 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# Caws
Slide 24: A high-quality nickel and cobalt project
A high-quality nickel and cobalt project Outstanding results delivered from 2018 PFS* and Expansion Studies Flow sheet enhanced and project scale increased for in progress Feasibility Study PFS of 1Mtpa and 1.5Mtpa base case over a 25-year mine life 1.0Mtpa 1.5Mtpa 2.25Mtpa completed (one autoclav
Slide 25: KNP Mineral Resource breakdown
KNP Mineral 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
Slide 26: Goongarrie Hub Mineral Resource (0.8% Ni cut-off)
Goongarrie Hub Mineral Resource (0.8% Ni cut-off) 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). Resource Tonnes Ni Co Con
Slide 27: Goongarrie Hub Mineral Resources inc Sc (0.5% Ni cut-off)
Goongarrie Hub Mineral Resources inc Sc (0.5% Ni cut-off) 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 (kt) Mt Sc ppm Goongarr
Ardea Resources — Noosa Mining Investor Conference 2022 on 6ix