March 2018 Quarterly Activities Report
March 2018 Quarterly Activities Report
Perth, April 26, 2018 AEST (ABN Newswire) - Ardiden Ltd (ASX:ADV) provides the Company's Quarterly Activities Reports - March 2018.

HIGHLIGHTS

SEYMOUR LAKE LITHIUM PROJECT, Ontario (100%-owned)

- Exploration drilling and 2,000m diamond drilling campaigns commenced at the Seymour Lake Lithium Project

- Thick high-grade lithium intercepts continue to increase potential to expand maiden resource at Seymour Lake Lithium Project

- Multiple Spodumene-Bearing Pegmatites intersected at flagship Seymour Lake Lithium Project

Post Quarter

- 100 new highly prospective drill-target locations identified at Seymour Lake

METALLURGICAL TESTWORK

- High purity battery grade lithium carbonate produced from Seymour Lake concentrate

o Battery grade Lithium Carbonate at 99.52% Li2CO3 produced from initial downstream processing testwork by leading producer Shandong Ruifu Lithium Co. Ltd

o Testwork confirms high purity Li2CO3 can be made from the spodumene concentrate obtained from the Seymour Lake Lithium Project bulk sample and demonstrates robust conversion and recovery rates

o Strategic development partner Yantai continues to complete extensive metallurgical testwork programs on the spodumene bulk samples

BOLD PROPERTIES PROJECT (COBALT-COPPER-NICKEL), Ontario (Option to own 100%)

- Acquired the Bold Property Cobalt-Copper Project

CORPORATE

- Oversubscribed share placement completed raising $2,250,000.

- A$15m Funding Facility agreed with Long State Investments Limited which provides flexible project funding options

- General Meeting of Shareholders held on 13 February 2018

- New company secretary appointed and change of registered office

- Half Yearly Report and Accounts for the half year ending 31 December 2017 lodged on 15 March 2018

To view the full report, please visit:
http://abnnewswire.net/lnk/I3C239W8


About Ardiden Ltd

Ardiden LtdArdiden Limited (ASX:ADV) is an emerging international diversified exploration and development company possessing a mature multi-element asset portfolio, with a near term development pipeline, focused quality projects located in the established mining jurisdiction of Ontario, Canada.

 


Contact

Investors:
Brad Boyle
Ardiden Ltd
Tel: +61-8-6245-2050

Media:
Michael Weir / Cameron Gilenko
Citadel-Magnus
Tel: +61-8-6160-4900



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