Slide 1: 121 Mining Investment EMEA
A globally significant source of nickel-cobalt and scandium in Western Australia 121 Mining Investment EMEA 25 - 27 May 2021 A Sustainable and Ethical Source of Nickel and Critical Minerals from the Kalgoorlie Nickel Project, Western Australia
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 Value Plus
Ardea Value Plus Globally significant Nickel-Cobalt-Scandium resource and Critical Mineral Rare Earths Essential for new age battery technologies to meet the needs of society which demand sustainable and ethical mineral supply for a low carbon future Ardea perfectly placed to meet these needs
Slide 4: Corporate Summary
Corporate Summary Capital Structure, as at May 2021 ASX Code ARL Shares on Issue 127,670,582 Share Price $0.50 52 week high / low $0.63 / $0.23 Cash (as at 31 March 2021) $8.3 million Market Capitalisation $64 million Largest Shareholder ~10% equity Top 40 Shareholders ~60% equity Board and Executiv
Slide 5: Prime Location and Jurisdiction
Prime Location and Jurisdiction WA is the premier global destination for development of minerals operations: Federal associations of Ardea include MMI, Critical Minerals Prospectus, FBICRC and CSIRO State association Department of Jobs, Tourism, Science and Innovation, WA’s lead agency for eco
Slide 6: Ardea with its flagship KNP and subset GNCP Ni-Co-Sc resource
Ardea with its flagship KNP and subset GNCP Ni-Co-Sc resource, is poised for sustainable and ethical supply of Critical Minerals for a low carbon future Ardea pilot plant nickel sulphate crystal production, September 2018 6
Slide 7: Nickel and the Inevitable Rise in Demand
Nickel and the Inevitable Rise in Demand Total primary nickel demand by first-use sector, 2020 to 2040 (kt Ni) KNP = 5.8 Million tonnes contained nickel Beyond 2040 almost one KNP will be needed each year for world nickel supply 7
Slide 8: The Kalgoorlie Nickel Project
The Kalgoorlie Nickel Project Kalgoorlie Nickel Project (KNP) Mineral Resource 826Mt at 0.7% Ni and 0.046% Co* 5.8 Million tonnes contained Nickel 384,000 tonnes contained Cobalt Goongarrie Nickel Cobalt Project (GNCP) Mineral Resource 259Mt at 0.7% Ni and 0.046% Co* and a maiden scandium component
Slide 9: Optimum Resource Scale
Optimum Resource Scale GNCP resource update based on high grade mining strategy (>1% nickel) With 5.8Mt contained nickel, easily accommodated within the KNP starting with the GNCP Capability for >100 year potential supply of Ni, Co, Sc resource GNCP has produced on-specification MSP and sulp
Slide 10: Goongarrie Ticking all the Boxes
Goongarrie Ticking all the Boxes ✔Resources with direct infrastructure links to the Kwinana Battery Hub ✔WA location ensures sustainable and ethical supply ✔Premium goethite ore type (no drying or screening required) ✔Ni:Co:Mn ratio well suited to NCM811 battery technology Rising Ni Demand ✔
Slide 11: Regional Location – Nickel Sulphide Projects
Regional Location – Nickel Sulphide Projects Highly prospective for nickel sulphide mineralisation Ardea’s KNP tenure is one of the largest land holdings over ultramafic stratigraphy in Australia Archaean Eastern Goldfields Province – prolific ultramafic lava flows hosting numerous nickel sulp
Slide 12: Emu Lake Project – Binti Nickel Sulphide
Emu Lake Project – Binti Nickel Sulphide 70km north-east of Kalgoorlie on a granted mining lease Drilling of the strong DHEM conductor has intersected a 1.75m zone of basal contact nickel sulphide AELD0002, intersected 0.65m of visible massive and semi-massive nickel sulphide and 1.1m of overl
Slide 13: Black Range Project – Ni Cu PGE
Black Range Project – Ni Cu PGE 65km north-west of Kalgoorlie on a granted mining lease Strongly anomalous Ni, Cu and PGEs within the regolith profile from historic nickel laterite drilling Within the differentiated Ora Banda Sill close to contact between the lower ultramafic zone and the uppe
Slide 14: Gold Spin-Out
Gold Spin-Out Spin-out of projects and gold-rights into Kalgoorlie Gold Mining (KalGold), so that Ardea can better focus on flag-ship Kalgoorlie Nickel Project DFS All independent experts well advanced with discussions in train for Lead Manager EGM and shareholder support required Planned in
Slide 15: Investment Summary
Investment Summary Ardea’s KNP offers unrivalled nickel-cobalt-scandium scale optionality (5.8Mt of nickel and 384kt of cobalt), by 2040 approximately one KNP will be required every year to meet projected nickel demand! Globally significant nickel-cobalt-scandium resource in an infrastructure-rich a
Slide 16: 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 16
Slide 17: 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 18: Optimum location for ensuring sustainable and ethical mineral supply
Optimum location for ensuring sustainable and ethical mineral supply Large contiguous KNP/GNCP land holding allows unimpeded site planning to minimise ultimate site footprint Open Mediterranean woodland highly amenable to low-impact development and rehabilitation Arid to temperate environment,
Slide 19: A High-Quality Nickel and Cobalt Project
A High-Quality Nickel and Cobalt Project Outstanding results delivered from PFS* and Expansion Studies: PFS of 1Mtpa and 1.5Mtpa base case over a 25-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 1 1 1
Slide 20: KNP Resource Breakdown
KNP Resource Breakdown Kalgoorlie Nickel Project nickel-cobalt JORC Code (2012) Mineral Resource (ASX release 15 February 2021). 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 339 0.72 0.048 2,446 163 Inferred
Slide 21: Goongarrie Nickel Cobalt Resources
Goongarrie Nickel Cobalt Resources Summary of Mineral Resource from the Goongarrie Nickel Cobalt Project area, based on a 0.8% Ni cut-off grade, comprising resources at Goongarrie Hill, Goongarrie South, Big Four and Scotia Dam (ASX release 15 February 2021). Resource Tonnes Ni Co Contained Metal Sc
Slide 22: Goongarrie Nickel Cobalt Resources
Goongarrie Nickel Cobalt Resources Summary of total Mineral Resource from the Goongarrie Nickel Cobalt Project area, based on a 0.5% Ni cut-off grade, comprising resources at Goongarrie Hill, Goongarrie South, Big Four and Scotia Dam (ASX release 15 February 2021). Resource Tonnes Ni Co Contained Me