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Ardea Resources Ltd.
Summary
| Project: | KNP | |
|---|---|---|
| Deposit: | Elsie, Pamela | |
| Location: | Australia | |
| Commodities: | Scandium | |
| Date: | 2/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 15-2-2018: Ardea Resources Ltd. announces an Exploration/Drilling Update report for its Elsie, Pamela deposit at the KNP project. Drilling results incl. 56m @ 0.07% Co, 1.09% Ni from 12m. Work on the Pre-Feasibility Study (PFS) for the Goongarrie Nickel-C | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ian Buchhorn (Internal) | |
| ABSTRACT: | Work on the Pre-Feasibility Study (PFS) for the Goongarrie Nickel-Cobalt Project is continuing. Refinement of various models, including financial, resource, and mining models, is reaching its final stages with a view to optimising efficiencies throughout the mining and production processes. Iterative developments, such as the incorporation of acid neutralisers from in-pit mineralised carbonates and optimisation of available ground and process water and process water can further enhance the project and ensure maximum recovery of cobalt and nickel. Ardea continues to assess opportunities that could further realise efficiencies in development and mining at Goongarrie. Several option studies are underway that could have a material positive impact upon the project. The company is working hard to complete these in the scheduled timeframe. The aim of the Company is to develop a long-lived, multi-decade mine that will produce nickel sulphate and cobalt sulphate for the expanding battery industry. A 1 Mtpa project is the base case development scenario being assessed by Ardea, with scoping at several higher throughput scenarios. Ardea must demonstrate robust resources and reserves, mining schedules, and high-purity pilot marketing samples of cobalt sulphate and nickel sulphate for third party evaluation. To this end, drilling continues at Goongarrie. | |
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