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Ardea Resources Ltd.
Summary
| Project: | KNP | |
|---|---|---|
| Deposit: | KNP | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel | |
| Date: | 3/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 14-3-2018: Ardea Resources Ltd. announces a Resource Estimation report for its KNP deposit at the KNP project. Updated mineral resource estimate at the project. Ardea Resources Limited (ASX: ARL, “Ardea” or “the Company”) is pleased to announce updated re | |
| Resources: | (Resource, Total): 108.3Mt @ 0.10% Co, 0.79% Ni for 108.4Kt Co, 856.9Kt Ni contained | |
| CP/QP: | [Resources]: Stephen Highland (HGMC Consultants) | |
| ABSTRACT: | Ardea Resources Limited (ASX: ARL, “Ardea” or “the Company”) is pleased to announce updated resources to support the Pre-Feasibility Study (PFS) on our prime development project, the Goongarrie Nickel Cobalt Project (GNCP). The resources are significant upgrades and represent the initial cobalt and nickel mining inventory that the Company intends to develop at Goongarrie. A new, substantially larger resource for the KNP Cobalt Zone is presented here as 108.3 Mt at 0.10 % cobalt and 0.79 % nickel. In total the KNP Cobalt Zone contains over 108,000 tonnes of cobalt metal and over 856,000 tonnes of nickel metal. The updated resource for the Cobalt Zone at Goongarrie (blue areas, Figure 1) defines 83.1 Mt at 0.10 % cobalt and 0.81 % nickel. The corresponding contained metal estimates are 81,700 t cobalt metal and 672,300 t nickel metal. This includes mineral resources at Goongarrie South, Big Four, and Scotia Dam which occur within a continuous mineralised zone extending over 16 km in strike length north to south and is locally over 1 km wide. A breakdown of the Goongarrie resource follows | |
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