World-significant Australian cobalt and nickel for the battery industry
Presentation at Sprott Conference Vancouver July 2018
Perth, July 12, 2018 AEST (ABN Newswire) - Ardea Resources Ltd (
ASX:ARL) (ARRRF:OTCMKTS) provides the Company's latest presentation at Sprott Natural Resource Symposium, Vancouver, July 2018.
The Ardea Proposition
- The 100% owned Goongarrie Nickel-Cobalt Project is part of the largest Cobalt Resource in the Developed World - 773Mt at 0.7% Ni and 0.05% Co
- Robust Pre-Feasibility Study which included the following highlights:
o Pre-tax NPV US$1.4 billion
o Pre-tax IRR 29%
o Initial focus will be on 40Mt at 0.83% Ni and 0.09% Co reserves
o Significant expansion potential on 1.0 Mtpa base case
o Higher throughput options being investigated.
- Goongarrie is a low technical risk project
- Goongarrie offers an ethical, low environmental impact, multi-generation mine-life
- Significant economic advantages and cost benefits via on-site neutraliser, scandium and other by-product opportunities
- Continued discussions with a number of potential strategic and offtake partners
- Upside potential from WA and NSW gold and base metal projects
A High-Quality Cobalt and Nickel Sulphate Producer
Outstanding results delivered from recently completed Pre-Feasibility Study*
- 1.0 Mtpa base case over a 25-year mine life
- 95.5% cobalt and 94.5% nickel recovery - life of mine
- Pre-cobalt C1 costs in line with current worldwide operators
- PAL** 5th generation plant, proven design, successfully operated in other laterite projects globally
Expansion Upside Potential
- Scoping study on 2.25 Mtpa via single processing train is nearing completion
- > 8,000 tpa cobalt sulphate expected
- > 70,000 tpa nickel sulphate expected
- Goongarrie exhibits significant potential for expansion via multiple parallel modular trains
- Additional upside options are currently being assessed and include the following:
o Higher throughput / shorter autoclave residence time
o Mineralised neutraliser optimisation
o Scandium by-product optimisation
Scalability potential remains a major competitive advantage (only ~5% of current resources have been utilised)
* Goongarrie Nickel Cobalt Project, PFS study, 28 March 2018
** PAL = Pressure Acid Leach
To view the full presentation, please visit:
http://abnnewswire.net/lnk/QQ3O41Z8
About Ardea Resources Ltd
Ardea Resources Ltd (ASX:ARL) (OTCMKTS:ARRRF) (FRA:A91) is an ASX listed resources company, with 100% controlled Australian based projects, prioritising a three-pronged value creation strategy which is:
- development of the Goongarrie Nickel Cobalt Project, which is part of the Kalgoorlie Nickel Project, a globally significant series of nickel-cobalt deposits which host the largest nickel-cobalt resource in the developed world, coincidentally located as a cover sequence overlying fertile orogenic gold targets;
- advanced-stage exploration at WA gold and nickel sulphide targets within the Eastern Goldfields world-class nickel-gold province; and
- the demerger of the NSW gold and base metal assets with planned in-specie share distribution, with projects located within the Lachlan Fold Belt world-class gold-copper province.
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