ARL 1.96% 52.0¢ ardea resources limited

Ann: ARL SMM and MC to form a JV to develop KNP Goongarrie Hub, page-189

  1. 30 Posts.
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    Apologies All, really stupid question which I should have asked prior to making a significant investment into ARL
    ARL keeps advising
    "The Kalgoorlie project boasts a significant resource of 854 million tonnes (mt) at 0.71% nickel and 0.045% cobalt for 6.1mt of contained nickel and 386,000t of contained cobalt."
    However it advises it will be producing 30k tonnes of nickel and 2k of Cobalt per year for 40+ years.
    30000 x 40 = 1,200,000 tonnes
    2000 x 40 = 80,000 tonnes

    where is the other 4.9m tonnes Nickel and 306,000 tonnes Cobalt? or at these rates its a 200 yr + mine

    thanks
 
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