The FS follows the positive
The KNP scope has been expanded from Goongarrie alone for Goongarrie to now include high grade goethite satellite pits at Highway and Siberia North (Goongarrie Hub). The FS now includes mineralised neutraliser from Kalpini and Bulong (Kalpini Hub) and Aubils,
The KNP FS programs are in parallel with a streamlining of the Ardea mineral asset portfolio through structured gold divestments
Farm-outs of Mt Zephyr and
The previous Ardea demerger exercise being the spin-out of the NSW assets into
Finalising the demerger and spin-out of Ardea's Kalgoorlie region gold tenements into a new Initial Public Offering (IPO) named,
Ardea Shareholders, subject to an EGM vote and admission to ASX, to receive an in-specie distribution of KalGold vendor shares at nil cost, plus have a priority right to subscribe for KalGold IPO shares.
Strategically located tenements within crustal-scale Tectonic Zones with known gold endowment, but are relatively unexplored for gold, due to an historic focus on KNP nickel-cobalt laterite resources.
Multiple gold drill targets, all within 150km of
Defining and quantifying Goongarrie Hub gold resource areas, particularly
Look to monetising the gold resources identified during the last year, including through open pit mining and custom milling (notably Big Four Gold) through finite leasing arrangements.
Any pit voids generated will be available as KNP Goongarrie water storage and tailings infrastructure, and additionally provide pit wall stability geotechnical data for future Goongarrie laterite pits.
Ardea Managing Director,
Feasibility Study Work Programs, H2 2021
The Ardea Board at its
The FS has six key initial elements
FS Manager appointed, consultant with 25 years nickel operating and study management experience: o Gap Analysis that addresses all previous KNP studies and nominates the FS product type.
High Pressure Acid Leach (HPAL) flow-sheet, using the consultant's considerable operational and process development experience to support the design.
Capturing by-product Critical Mineral revenue streams in addition to the nickel-cobalt, being the scandium and Rare Earth Elements (REE) indicated throughout the KNP by Ardea's ongoing drill pulp re-assay programs.
Water Extraction Licences, drill and hydrology contracts awarded. o Application for a 3.5GLpa water production licence based on the East Goongarrie Palaeo-channel and penetrative large-scale bedrock structures at Goongarrie South and Big Four.
All requisite drill programs have received statutory approval to proceed.
Contact:
Tel: +61 8 6244 5136
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