ARL 0.00% 72.5¢ ardea resources limited

Ann: RIU Explorers Conference Presentation, page-2

  1. 3,263 Posts.
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    Another great presentation by the team.
    Three very important things I would like to highlight, these are the gamechangers as I see it

    1 Nickel and Cobalt
    - Goongarrie High Grade, 60 M/t at 1.0% Nickel and 0.074 % Cobalt. Folks that fits nicely with NCM 811 batteries.
    - This is a globally significant number because for a Laterite to pay 1% discharge nickel from the autoclave is an outstanding achievement,the fact we can do this for 25 years makes the economic case so much more attractive to potential partners.
    - The fact that we can produce MSP, MHP is great, BUT the gold standard P-CAM formulation for batteries will supercharge our returns.
    - Refer https://fbicrc.com.au/wp-content/uploads/2020/07/Li-ion-Battery-Cathode-Manufacturing-in-Aust-1.pdf Page 81 and you will see the current P-CAM pricing compared to Sulfate pricing. (This is a big deal)

    2 Scandium
    - Our maiden JORC Scandium resource is the largest known in the world.
    - To put this into perspective CLQ has a scandium resource of 10,300 tonnes total.
    - Ardea has a maiden Jork scandium resource for Goongarrie only of 74,000 tonnes, Ardea has 7,18 times that of CLQ ( Reference page 8 of the presentation)
    - The entire KNP scandium resource is 2590 tonnes. Globally significant.
    - Ardea is in a very strong position on this alone, Scandium is a company maker in its own right.

    3 Gold

    - Ardea is blessed with incredible gold resources, some of this is already JORC compliant, some still being drilled and explored.
    - The fact that there is so much gold in our WA tenements, we are spinning out a new ASX listed company to take advantage of this gold abundance.
    - Ardea will also keep some of these gold resources inhouse to assist with inhouse finances and to attract a partner to fund the nickel plant.

    4 Nickel Sulfide
    - Folks we know we have nickel sulfide, more on this will be known soon
    - Another game changer.

    Folks we have an incredible future and I am very excited.
    No one is getting my shares.
    RED
 
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