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Ardea Resources Ltd.

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Summary

Project:

KNP

Deposit:Goongarrie South
Location:Australia
Commodities:Scandium
Date:12/14/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Pre-Feasibility Study
Report details:14-12-2017: Ardea Resources Ltd. announces an Exploration/Drilling Update report for its Goongarrie South deposit at the KNP project. Resampling of historic pulps gives results incl. 8.6m @ 147.7g/t Sc from 12m. The distribution of scandium throughout the
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Ian Buchhorn (Internal)
ABSTRACT:The distribution of scandium throughout the Goongarrie South area shows distinct lines of mineralisation that each extend over many kilometres, coincident with extensive, strong cobalt and nickel mineralisation. The assay results from analyses on stored pulps (from historic drill programs) show that, as expected, scandium mineralisation is widespread. The release of the first-received data early in November gave an impression of the broad extent of mineralisation. However, the receipt of the complete dataset shows that the two lines of mineralisation defined at Goongarrie South (Figure 1) are longer than initially indicated, and are open to the north and south. Scandium mineralisation is evident in some holes from surface. Downhole, the scandium mineralisation either sits above the cobalt and nickel mineralisation or overlaps its upper portions. The deeper parts of the cobaltnickel mineralised zone usually contain lower scandium values. Most of the thickest and highest-grade scandium results are located on the Pamela Jean / Patricia Ann line in the east. Grades are generally lower but thicknesses more even on the Elsie Tynan line in the southwest.

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