ARL 4.44% 47.0¢ ardea resources limited

Pertinent market/industry news/articles, page-1870

  1. 5,851 Posts.
    lightbulb Created with Sketch. 711
    I inadvertently posted message before completion -
    Now to the important nitty- gritty part and continuation of my previous post.

    The second perfect example one can consider is St. George Mining's recent (June) announcements of assays proving thick- high grade - nickel - copper sulphides at Cathedrals and compelling targets for extension of nickel - copper sulphides.
    • Cathedrals Belt Discovery at Shallow Depths:
       Massive sulphide mineralisation 30m from surface
       Intrusive system with potential for significant mineralisation at depth
    • High Grade and Polymetallic:
       Nickel sulphide plus copper, cobalt and PGEs (70% Pd, 30% Pt) Key high demand battery/EV metals
    • Extensive Strike of Mineralisation:
       Nickel-copper sulphides occur over a 4.5 km strike of the Cathedrals Belt with potential extensions to the east and west
     100% success rate in drill testing EM conductors in the Cathedrals Belt

    So what have these two discoveries (Cobre & St Georges have in common with Ardea you might ask?
    Ardea's detailed ASX & Media release of 9th July mentions the following:
    1. Nickel sulphide targets (associated with gold exploration): The recent granting of the Perrinvale tenement (E29/1006) east of and immediately along strike from St George’s Cathedral’s project. Geophysical methods will be used to focus on nickel sulphide targets in forthcoming programs.
    St. George Mining's nickel-copper sulphides (E29/954) and Ardea's E29/1006 is at the east boundary of St George. Cathedrals belt runs straight onto ARL's 29/1006.
    Cobre's Perrinvale discovery is to the west.

    Based on some of the above one would give a thought to Ardea's chances being bright.
 
watchlist Created with Sketch. Add ARL (ASX) to my watchlist
(20min delay)
Last
47.0¢
Change
0.020(4.44%)
Mkt cap ! $93.85M
Open High Low Value Volume
45.5¢ 47.5¢ 45.0¢ $18.88K 41.21K

Buyers (Bids)

No. Vol. Price($)
1 2000 45.5¢
 

Sellers (Offers)

Price($) Vol. No.
49.0¢ 2000 1
View Market Depth
Last trade - 15.57pm 31/07/2024 (20 minute delay) ?
ARL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.